KORU Medical Systems (KRMD) 10-K 29 May 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Feb. 28, 2014	29-May-14	Aug. 31, 2013
Document and Entity Information [Abstract]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	28-Feb-14	'	'
Entity Registrant Name	'REPRO MED SYSTEMS INC	'	'
Entity Central Index Key	'0000704440	'	'
Current Fiscal Year End Date	'--02-28	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	36,661,667	'
Entity Current Reporting Status	'Yes	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Public Float	'	'	$5,707,548

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Feb. 28, 2014	Feb. 28, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$2,227,398	$1,930,321
Certificates of deposit	258,590	257,009
Accounts receivable less allowance for doubtful accounts of $26,450 and $17,450 for February 28, 2014, and February 28, 2013, respectively	1,744,813	1,114,847
Inventory	818,723	1,150,129
Prepaid expenses	245,767	180,651
Total Current Assets	5,295,291	4,632,957
PROPERTY & EQUIPMENT, net	839,059	875,986
OTHER ASSETS	'	'
Patents, net of accumulated amortization of $119,436 and $112,090 at February 28, 2014 and February 28, 2013, respectively	43,305	22,913
Other	31,053	60,369
Total Other Assets	74,358	83,282
TOTAL ASSETS	6,208,708	5,592,225
CURRENT LIABILITIES	'	'
Note payable - current portion	'	1,474
Notes payable to related parties - current portion	'	43,971
Deferred capital gain - current portion	22,481	22,481
Accounts payable	246,622	110,358
Accrued expenses	263,465	169,790
Accrued payroll and related taxes	72,976	50,195
Accrued income tax liability	166,358	127,090
Total Current Liabilities	771,902	525,359
OTHER LIABILITIES	'	'
Notes payable to related parties - less current portion	'	393,861
Deferred capital gain - less current portion	89,936	112,414
Deferred tax liability	155,000	204,000
Total Other Liabilities	244,936	710,275
Total Liabilities	1,016,838	1,235,634
STOCKHOLDERS' EQUITY	'	'
Common stock, $0.01 par value, 50,000,000 shares authorized, 38,936,667 shares issued, and 36,661,667 shares outstanding	389,367	389,367
Additional paid-in capital	3,512,294	3,512,294
Retained earnings	1,483,959	780,530
Total Stockholders' Equity before Treasury Stock	5,385,620	4,682,191
Less: Treasury stock, 2,275,000 shares at cost	-142,000	-142,000
Less: Deferred compensation cost	-51,750	-183,600
Total Stockholders' Equity	5,191,870	4,356,591
Total Liabilities and Stockholders' Equity	$6,208,708	$5,592,225

BALANCE_SHEETS_PARENTHETICAL

BALANCE SHEETS (PARENTHETICAL) (USD $)	Feb. 28, 2014	Feb. 28, 2013
BALANCE SHEETS [Abstract]	'	'
Accounts receivable, allowance for doubtful accounts	$26,450	$17,450
Patents, accumulated amortization	$119,436	$112,090
Common stock, par value per share	$0.01	$0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	38,936,667	38,936,667
Common stock, shares outstanding	36,661,667	36,661,667
Treasury stock, shares	2,275,000	2,275,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
STATEMENTS OF OPERATIONS [Abstract]	'	'
NET SALES	$8,698,852	$7,763,953
Costs and Expenses	'	'
Cost of goods solds	3,388,774	2,819,113
Selling, general and administrative	3,851,298	3,543,889
Research and development	218,150	147,576
Depreciation and amortization	232,959	190,971
Total Costs and Expenses	7,691,181	6,701,549
Net Operating Profit	1,007,671	1,062,404
Other Income/(Expenses)	'	'
Interest expense	-4,547	-28,280
Gain / (Loss) foreign currency exchange	-97	-4,095
Interest and other income	7,426	8,081
Total Other Income (Expenses)	2,782	-24,294
INCOME BEFORE TAXES	1,010,453	1,038,110
Income Tax Expense	-307,024	-312,347
NET INCOME	$703,429	$725,763
NET INCOME PER SHARE	'	'
Basic	$0.02	$0.02
Diluted	$0.02	$0.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	'	'
Basic	36,661,667	36,011,448
Diluted	36,661,667	36,036,362

STATEMENT_OF_STOCKHOLDERS_EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Deferred Compensation Cost [Member]
Balance at Feb. 29, 2012	$3,550,728	$374,717	$3,263,244	$54,767	($142,000)	'
Balance, shares at Feb. 29, 2012	'	37,471,667	'	'	'	'
Issuance of common stock for employee stock awards	80,100	14,650	249,050	'	'	-183,600
Issuance of common stock for employee stock awards, shares	'	1,465,000	'	'	'	'
Net income	725,763	'	'	725,763	'	'
Balance at Feb. 28, 2013	4,356,591	389,367	3,512,294	780,530	-142,000	-183,600
Balance, shares at Feb. 28, 2013	'	38,936,667	'	'	'	'
Amortization of deferred compensation cost	131,850	'	'	'	'	131,850
Net income	703,429	'	'	703,429	'	'
Balance at Feb. 28, 2014	$5,191,870	$389,367	$3,512,294	$1,483,959	($142,000)	($51,750)
Balance, shares at Feb. 28, 2014	'	38,936,667	'	'	'	'

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income	$703,429	$725,763
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Amortization of deferred compensation cost	131,850	80,100
Depreciation and amortization	232,959	190,971
Deferred capital gain - building lease	-22,478	-22,481
Deferred taxes	-49,000	82,637
Changes in operating assets and liabilities:	'	'
Increase in accounts receivable	-629,966	-230,120
Decrease in inventory	331,406	17,327
Decrease (Increase) in prepaid expense	-65,116	8,251
Decrease (Increase) in other assets	29,316	-32,213
Increase (Decrease) in accounts payable	136,264	-89,169
Increase in accrued payroll and related taxes	22,781	8,644
Increase in accrued expense	93,675	15,990
Increase in accrued income tax liability	39,268	29,090
NET CASH PROVIDED BY OPERATING ACTIVITIES	954,388	784,790
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Payments for property and equipment	-188,686	-563,567
Payments for patents	-27,738	-2,850
Purchase of certificates of deposit	-1,581	-1,781
NET CASH USED IN INVESTING ACTIVITIES	-218,005	-568,198
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Payments to note payable to related parties	-437,832	-41,417
Payments on notes payable	-1,474	-2,077
NET CASH USED IN FINANCING ACTIVITIES	-439,306	-43,494
NET INCREASE IN CASH AND CASH EQUIVALENTS	297,077	173,098
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	1,930,321	1,757,223
CASH AND CASH EQUIVALENTS, END OF YEAR	2,227,398	1,930,321
Supplemental Information	'	'
Cash paid during the years for: Interest	4,547	28,280
Cash paid during the years for: Taxes	317,773	213,793
NON-CASH FINANCING AND INVESTING ACTIVITIES	'	'
Issuance of common stock as incentives	'	$263,700

NATURE_OF_OPERATIONS_AND_SUMMA

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Feb. 28, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1	NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	NATURE OF OPERATIONS
	REPRO-MED SYSTEMS, INC. (the "Company") designs, manufactures and markets proprietary medical devices primarily for the ambulatory infusion market and emergency medical applications. The FDA regulates these products. The Company is in one line of business.
	CASH AND CASH EQUIVALENTS
	For purposes of the statement of cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalents. Occasionally, the Company has cash held in excess of $250,000 at a single depository, which exceeds the FDIC insurance limits and is, therefore, uninsured.
	At February 28, 2014, cash equivalents consisted of money market funds aggregated to $1,655,554.
	CERTIFICATES OF DEPOSIT
	The certificates of deposit are recorded at cost plus accrued interest. The certificates of deposit earn interest at a rate of 0.4% to 0.55% and mature in September 2014 and February 2015.
	INVENTORY
	Inventories of raw materials are stated at the lower of standard cost, which approximates average cost, or market value including allocable overhead. Work-in-process and finished goods are stated at the lower of standard cost or market value and include direct labor and allocable overhead.
	PATENTS
	Costs incurred in obtaining patents have been capitalized and are being amortized over seventeen years.
	INCOME TAXES
	Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences.
	The Company believes that it has no uncertain tax positions requiring disclosure or adjustment. Generally, tax years starting with 2010 are subject to examination by income tax authorities.
	PROPERTY, EQUIPMENT, AND DEPRECIATION
	Property and equipment is stated at cost and is depreciated using the straight-line method over the estimated useful lives of the respective assets.
	STOCK-BASED COMPENSATION
	The Company accounts for stock issued for services using the fair value method. The measurement date of shares issued for service is the date when the counterparty's performance is complete.
	NET INCOME PER COMMON SHARE
	Basic earnings per share are computed on the weighted average of common shares outstanding during each year. Diluted earnings per share include only an increase in the weighted average shares by the common shares issuable upon exercise of employee and director stock options (Note 7).
			Fiscal Year Ended
			28-Feb-14		28-Feb-13
	Net income		$	703,429	$	725,763
	Weighted Average Outstanding Shares:
	Outstanding shares			36,661,667		36,011,448
	Option shares includable			-		24,914
				36,661,667		36,036,362
	Net income per share
	Basic		$	0.02	$	0.02
	Diluted		$	0.02	$	0.02
	USE OF ESTIMATES IN THE FINANCIAL STATEMENTS
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Important estimates include but are not limited to, asset lives, valuation allowances, inventory, and accruals.
	SUBSEQUENT EVENTS EVALUATION
	The Company has evaluated subsequent events through May 29, 2014, the date on which the financial statements were issued.  There were no material subsequent events that required recognition or additional disclosure in these financial statements.
	REVENUE RECOGNITION
	Sales of manufactured products are recorded when shipment occurs. The Company's revenue stream is derived from the sale of an assembled product. Other service revenues are recorded as the service is performed. Shipping and handling costs generally are billed to customers and are included in sales. The Company does not accept return of goods shipped unless it is a Company error. The only credits provided to customers are for defective merchandise.
	EMERGING ACCOUNTING STANDARDS
	Management does not believe that any of the standards adopted by the Financial Accounting Standards Board but are not yet effective will have a material effect on the Company's financial reporting.
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying amounts reported in the balance sheet for cash, trade receivables, accounts payable and accrued expenses approximate fair value based on the short-term maturity of these instruments.
	ACCOUNTING FOR LONG-LIVED ASSETS
	The Company reviews its long-lived assets for impairment at least annually or whenever the circumstances and situations change such that there is an indication that the carrying amounts may not be recoverable. As of February 28, 2014, the Company does not believe that any of its assets are impaired.

INVENTORY

INVENTORY	12 Months Ended
	Feb. 28, 2014
INVENTORY [Abstract]	'
INVENTORY	'
	NOTE 2	INVENTORY
	Inventory consists of:
			28-Feb-14		28-Feb-13
	Raw materials		$	306,881	$	625,934
	Work in progress			145,264		45,820
	Finished goods			366,578		478,375
			$	818,723	$	1,150,129

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Feb. 28, 2014
PROPERTY AND EQUIPMENT [Abstract]	'
PROPERTY AND EQUIPMENT	'
	NOTE 3	PROPERTY AND EQUIPMENT
	Property and equipment consists of the following at:
			28-Feb-14		28-Feb-13		Estimated Useful Lives
	Land		$	54,030	$	54,030
	Building			171,094		171,094		20 years
	Furniture, office equipment, and leasehold improvements			967,483		844,747		3-10 years
	Manufacturing equipment and tooling			1,473,827		1,408,113		3-12 years
				2,666,434		2,477,984
	Less: accumulated depreciation			1,827,375		1,601,998
	Property and equipment, net		$	839,059	$	875,986
	Depreciation expense was $225,613 and $186,521 for the years ended February 28, 2014, and February 28, 2013, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Feb. 28, 2014
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 4	RELATED PARTY TRANSACTIONS
	LEASED AIRCRAFT
	The Company leases an aircraft from a company controlled by the President. The lease payments aggregated $21,500 for both the years ended February 28, 2014, and February 28, 2013. The original lease agreement has expired and the Company is currently on a month-to-month basis for rental payments.
	BUILDING LEASE
	In February 2011, the Company elected Mr. Mark Pastreich as a Director. Mr. Pastreich is a principal in the entity that owns the building leased by REPRO-MED SYSTEMS, INC. The Company is in year fifteen of a twenty-year lease. There have been no changes to lease terms since his directorship and none are expected through the life of the current lease.

LONGTERM_DEBT

LONG-TERM DEBT	12 Months Ended
	Feb. 28, 2014
LONG-TERM DEBT [Abstract]	'
LONG-TERM DEBT	'
	NOTE 5	LONG-TERM DEBT
	In February 2009, the Company was granted a loan from a director of the Company for $672,663, payable in 144 monthly installments of $5,754 at a rate of 6.00% interest. The Company issued the director 755,000 shares of common stock at the price of $0.11 per share in June 2009 further to reduce the debt. The loan was repaid in full in May, 2013.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Feb. 28, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
SHAREHOLDERS' EQUITY	'
	NOTE 6	STOCKHOLDERS' EQUITY
	In July 2012, 1,465,000 shares were authorized to issue to employees as share compensation valued at $0.18 per share, the market value on the date of the board authorization. The value of these shares will be amortized into operations over the one to two year restriction on the shares. Amortization amounted to $131,850 and $80,100 for the years ended February 28, 2014, and February 28, 2013, respectively.

STOCK_OPTIONS

STOCK OPTIONS	12 Months Ended
	Feb. 28, 2014
STOCK OPTIONS [Abstract]	'
STOCK OPTIONS	'
	NOTE 7	STOCK OPTIONS
	There are no outstanding options as of February 28, 2014, and February 28, 2013.

SALELEASEBACK_TRANSACTION_OPER

SALE-LEASEBACK TRANSACTION - OPERATING LEASE	12 Months Ended
	Feb. 28, 2014
SALE-LEASEBACK TRANSACTION - OPERATING LEASE [Abstract]	'
SALE-LEASEBACK TRANSACTION - OPERATING LEASE	'
	NOTE 8	SALE-LEASEBACK TRANSACTION - OPERATING LEASE
	On February 25, 1999, the Company entered into a sale-leaseback arrangement whereby the Company sold its land and building at 24 Carpenter Road in Chester, New York and leased it back for a period of 20 years. The leaseback is accounted for as an operating lease. The gain of $449,617 realized in this transaction has been deferred and is amortized to income in proportion to rental expense over the term of the related lease.
	At February 28, 2014, minimum future rental payments are:
	Year		Minimum Rental Payments
	2015		$	132,504
	2016			132,504
	2017			132,504
	2018			132,504
	2019			132,504
			$	662,520
	Rent expense for the years ended February 28, 2014, and February 28, 2013, aggregated $132,504.

FEDERAL_AND_STATE_INCOME_TAXES

FEDERAL AND STATE INCOME TAXES	12 Months Ended
	Feb. 28, 2014
FEDERAL AND STATE INCOME TAXES [Abstract]	'
FEDERAL AND STATE INCOME TAXES	'
	NOTE 9	FEDERAL AND STATE INCOME TAXES
	The provision for income taxes consisted of at February 28, 2014, and February 28, 2013:
			2014			2013
	State income tax:
	Current, net of refund		$	984		$	(11,173	)
	Federal income tax:
	Deferred			(49,000	)		82,637
	Current			355,040			240,883
	Total		$	307,024		$	312,347
	The reconciliation of income taxes shown in the financial statements and amounts computed by applying the Federal expected tax rate of 34% is as follows:
			2014			2013
	Income before tax		$	1,010,453		$	1,038,110
	Computed expected tax		$	343,554		$	352,957
	State income and franchise tax/(refund)			984			(11,173	)
	Other			(37,514	)		(29,437	)
	Provision for taxes		$	307,024		$	312,347
	The components of deferred tax liabilities at February 28, 2014, and February 28, 2013, respectively, are as follows:
			2014			2013
	Deferred compensation cost		$	(17,595	)	$	(62,424	)
	Depreciation and amortization			(137,405	)		(141,576	)
	Deferred tax liabilities		$	(155,000	)	$	(204,000	)

MAJOR_CUSTOMERS

MAJOR CUSTOMERS	12 Months Ended
	Feb. 28, 2014
MAJOR CUSTOMERS [Abstract]	'
MAJOR CUSTOMERS	'
	NOTE 10	MAJOR CUSTOMERS
	For the year ended February 28, 2014, approximately, 39.9% of the Company's gross product revenue were derived from one major customer.  At February 28, 2014, accounts receivable due from this customer was $690,102.
	For the year ended February 28, 2013, approximately, 27.4% and 12.2% of the Company's gross revenue were derived from two major customers.  At February 28, 2013, accounts receivable due from these customers were $366,890 and $82,368, respectively.
	The largest customer in both years is a medical products and supplies distributor.  Although a number of larger FREEDOM60® users have elected to consolidate their purchases through one or more distributors in recent years, we continue to maintain a strong direct relationship with them.  We do not believe that their continued purchases of FREEDOM60® pumps, tubing, needle sets and related supplies is contingent upon the distributor.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	12 Months Ended
	Feb. 28, 2014
LEGAL PROCEEDINGS [Abstract]	'
LEGAL PROCEEDINGS	'
	NOTE 11	LEGAL PROCEEDINGS
	The Company commenced a declaratory judgment action in 2013 to establish the invalidity and non-infringement of claims of a patent of a competitor that alleged that our needle sets would infringe. The defendant answered the complaint and asserted various counterclaims that the Company believes are without merit. The Company subsequently added claims against the defendant to show that the defendant had engaged in various unfair business practices. The litigation is in early stage discovery.

NATURE_OF_OPERATIONS_AND_SUMMA1

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
	Feb. 28, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
NATURE OF OPERATIONS	'
	NATURE OF OPERATIONS
	REPRO-MED SYSTEMS, INC. (the "Company") designs, manufactures and markets proprietary medical devices primarily for the ambulatory infusion market and emergency medical applications. The FDA regulates these products. The Company is in one line of business.
CASH AND CASH EQUIVALENTS	'
	CASH AND CASH EQUIVALENTS
	For purposes of the statement of cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalents. Occasionally, the Company has cash held in excess of $250,000 at a single depository, which exceeds the FDIC insurance limits and is, therefore, uninsured.
	At February 28, 2014, cash equivalents consisted of money market funds aggregated to $1,655,554.
CERTIFICATES OF DEPOSIT	'
	CERTIFICATES OF DEPOSIT
	The certificates of deposit are recorded at cost plus accrued interest. The certificates of deposit earn interest at a rate of 0.4% to 0.55% and mature in September 2014 and February 2015.
INVENTORY	'
	INVENTORY
	Inventories of raw materials are stated at the lower of standard cost, which approximates average cost, or market value including allocable overhead. Work-in-process and finished goods are stated at the lower of standard cost or market value and include direct labor and allocable overhead.
PATENTS	'
	PATENTS
	Costs incurred in obtaining patents have been capitalized and are being amortized over seventeen years.
INCOME TAXES	'
	INCOME TAXES
	Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences.
	The Company believes that it has no uncertain tax positions requiring disclosure or adjustment. Generally, tax years starting with 2010 are subject to examination by income tax authorities.
PROPERTY, EQUIPMENT, AND DEPRECIATION	'
	PROPERTY, EQUIPMENT, AND DEPRECIATION
	Property and equipment is stated at cost and is depreciated using the straight-line method over the estimated useful lives of the respective assets.
STOCK-BASED COMPENSATION	'
	STOCK-BASED COMPENSATION
	The Company accounts for stock issued for services using the fair value method. The measurement date of shares issued for service is the date when the counterparty's performance is complete.
NET INCOME PER COMMON SHARE	'
	NET INCOME PER COMMON SHARE
	Basic earnings per share are computed on the weighted average of common shares outstanding during each year. Diluted earnings per share include only an increase in the weighted average shares by the common shares issuable upon exercise of employee and director stock options (Note 7).
		Fiscal Year Ended
		28-Feb-14		28-Feb-13
	Net income	$	703,429	$	725,763
	Weighted Average Outstanding Shares:
	Outstanding shares		36,661,667		36,011,448
	Option shares includable		-		24,914
			36,661,667		36,036,362
	Net income per share
	Basic	$	0.02	$	0.02
	Diluted	$	0.02	$	0.02
USE OF ESTIMATES IN THE FINANCIAL STATEMENTS	'
	USE OF ESTIMATES IN THE FINANCIAL STATEMENTS
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Important estimates include but are not limited to, asset lives, valuation allowances, inventory, and accruals.
SUBSEQUENT EVENTS EVALUATION	'
	SUBSEQUENT EVENTS EVALUATION
	The Company has evaluated subsequent events through May 29, 2014, the date on which the financial statements were issued.  There were no material subsequent events that required recognition or additional disclosure in these financial statements.
REVENUE RECOGNITION	'
	REVENUE RECOGNITION
	Sales of manufactured products are recorded when shipment occurs. The Company's revenue stream is derived from the sale of an assembled product. Other service revenues are recorded as the service is performed. Shipping and handling costs generally are billed to customers and are included in sales. The Company does not accept return of goods shipped unless it is a Company error. The only credits provided to customers are for defective merchandise.
EMERGING ACCOUNTING STANDARDS	'
	EMERGING ACCOUNTING STANDARDS
	Management does not believe that any of the standards adopted by the Financial Accounting Standards Board but are not yet effective will have a material effect on the Company's financial reporting.
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying amounts reported in the balance sheet for cash, trade receivables, accounts payable and accrued expenses approximate fair value based on the short-term maturity of these instruments.
ACCOUNTING FOR LONG-LIVED ASSETS	'
	ACCOUNTING FOR LONG-LIVED ASSETS
	The Company reviews its long-lived assets for impairment at least annually or whenever the circumstances and situations change such that there is an indication that the carrying amounts may not be recoverable. As of February 28, 2014, the Company does not believe that any of its assets are impaired.

NATURE_OF_OPERATIONS_AND_SUMMA2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Feb. 28, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Schedule of Net Income Per Common Share	'
		Fiscal Year Ended
		28-Feb-14		28-Feb-13
	Net income	$	703,429	$	725,763
	Weighted Average Outstanding Shares:
	Outstanding shares		36,661,667		36,011,448
	Option shares includable		-		24,914
			36,661,667		36,036,362
	Net income per share
	Basic	$	0.02	$	0.02
	Diluted	$	0.02	$	0.02

INVENTORY_Tables

INVENTORY (Tables)	12 Months Ended
	Feb. 28, 2014
INVENTORY [Abstract]	'
Schedule of Inventory	'
	Inventory consists of:
		28-Feb-14		28-Feb-13
	Raw materials	$	306,881	$	625,934
	Work in progress		145,264		45,820
	Finished goods		366,578		478,375
		$	818,723	$	1,150,129

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Feb. 28, 2014
PROPERTY AND EQUIPMENT [Abstract]	'
Schedule of Property and Equipment	'
	Property and equipment consists of the following at:
		28-Feb-14		28-Feb-13		Estimated Useful Lives
	Land	$	54,030	$	54,030
	Building		171,094		171,094		20 years
	Furniture, office equipment, and leasehold improvements		967,483		844,747		3-10 years
	Manufacturing equipment and tooling		1,473,827		1,408,113		3-12 years
			2,666,434		2,477,984
	Less: accumulated depreciation		1,827,375		1,601,998
	Property and equipment, net	$	839,059	$	875,986

SALELEASEBACK_TRANSACTION_OPER1

SALE-LEASEBACK TRANSACTION - OPERATING LEASE (Tables)	12 Months Ended
	Feb. 28, 2014
SALE-LEASEBACK TRANSACTION - OPERATING LEASE [Abstract]	'
Schedule of Minimum Future Rental Payments	'
	At February 28, 2014, minimum future rental payments are:
	Year	Minimum Rental Payments
	2015	$	132,504
	2016		132,504
	2017		132,504
	2018		132,504
	2019		132,504
		$	662,520

FEDERAL_AND_STATE_INCOME_TAXES1

FEDERAL AND STATE INCOME TAXES (Tables)	12 Months Ended
	Feb. 28, 2014
FEDERAL AND STATE INCOME TAXES [Abstract]	'
Schedule of Income Tax Provision	'
	The provision for income taxes consisted of at February 28, 2014, and February 28, 2013:
		2014			2013
	State income tax:
	Current, net of refund	$	984		$	(11,173	)
	Federal income tax:
	Deferred		(49,000	)		82,637
	Current		355,040			240,883
	Total	$	307,024		$	312,347
Schedule of Income Tax Reconciliation	'
	The reconciliation of income taxes shown in the financial statements and amounts computed by applying the Federal expected tax rate of 34% is as follows:
		2014			2013
	Income before tax	$	1,010,453		$	1,038,110
	Computed expected tax	$	343,554		$	352,957
	State income and franchise tax/(refund)		984			(11,173	)
	Other		(37,514	)		(29,437	)
	Provision for taxes	$	307,024		$	312,347
Schedule of Deferred Tax Liabilities	'
	The components of deferred tax liabilities at February 28, 2014, and February 28, 2013, respectively, are as follows:
		2014			2013
	Deferred compensation cost	$	(17,595	)	$	(62,424	)
	Depreciation and amortization		(137,405	)		(141,576	)
	Deferred tax liabilities	$	(155,000	)	$	(204,000	)

NATURE_OF_OPERATIONS_AND_SUMMA3

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	12 Months Ended
	Feb. 28, 2014
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'
Cash balance insured by FDIC	$250,000
Money market funds	$1,655,554
Amortization period of patents	'17 years
Minimum [Member]	'
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'
Certificates of deposit, interest rate	0.40%
Maximum [Member]	'
Organization Consolidation And Presentation Of Financial Statements [Line Items]	'
Certificates of deposit, interest rate	0.55%

NATURE_OF_OPERATIONS_AND_SUMMA4

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Net Income Per Common Share) (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'	'
Net income	$703,429	$725,763
Weighted Average Outstanding Shares:	'	'
Outstanding shares	36,661,667	36,011,448
Option shares includable	'	24,914
Weighted average number of shares outstanding	36,661,667	36,036,362
Net income per share	'	'
Basic	$0.02	$0.02
Diluted	$0.02	$0.02

INVENTORY_Details

INVENTORY (Details) (USD $)	Feb. 28, 2014	Feb. 28, 2013
INVENTORY [Abstract]	'	'
Raw materials	$306,881	$625,934
Work in process	145,264	45,820
Finished goods	366,578	478,375
Total inventory	$818,723	$1,150,129

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	$2,666,434	$2,477,984
Less: accumulated depreciation	1,827,375	1,601,998
Property and equipment, net	839,059	875,986
Depreciation expense	225,613	186,521
Land [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	54,030	54,030
Building [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	171,094	171,094
Estimated Useful Lives	'20 years	'
Furniture, Office Equipment, and Leasehold Improvements [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	967,483	844,747
Furniture, Office Equipment, and Leasehold Improvements [Member] | Minimum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Lives	'3 years	'
Furniture, Office Equipment, and Leasehold Improvements [Member] | Maximum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Lives	'10 years	'
Manufacturing Equipment and Tooling [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment	$1,473,827	$1,408,113
Manufacturing Equipment and Tooling [Member] | Minimum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Lives	'3 years	'
Manufacturing Equipment and Tooling [Member] | Maximum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Lives	'12 years	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
RELATED PARTY TRANSACTIONS [Abstract]	'	'
Aircraft aggregate lease payments	$21,500	$21,500

LONGTERM_DEBT_Details

LONG-TERM DEBT (Details) (USD $)	1 Months Ended
	Jun. 30, 2009	Feb. 28, 2009
LONG-TERM DEBT [Abstract]	'	'
Loan amount	'	$672,663
Debt instrument, monthly principal payment	'	$5,754
Debt instrument interest rate	'	6.00%
Shares of common stock issued to reduce debt	755,000	'
Shares of common stock issued, price per share	$0.11	'

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013	Jul. 31, 2012
STOCKHOLDERS' EQUITY [Abstract]	'	'	'
Shares authorized for issuance	'	'	1,465,000
Shares authorized for issuance, per share	'	'	$0.18
Amortization expense	$131,850	$80,100	'

STOCK_OPTIONS_Details

STOCK OPTIONS (Details)	Feb. 28, 2014	Feb. 28, 2013
STOCK OPTIONS [Abstract]	'	'
Options outstanding	'	'

SALELEASEBACK_TRANSACTION_OPER2

SALE-LEASEBACK TRANSACTION - OPERATING LEASE (Details) (USD $)	1 Months Ended	12 Months Ended
	Feb. 25, 1999	Feb. 28, 2014	Feb. 28, 2013
SALE-LEASEBACK TRANSACTION - OPERATING LEASE [Abstract]	'	'	'
2015	'	$132,504	'
2016	'	132,504	'
2017	'	132,504	'
2018	'	132,504	'
2019	'	132,504	'
Total future rental payments	'	662,520	'
Sale leaseback transaction, lease term	'20 years	'	'
Sale leaseback transaction, deferred gain recognized	449,617	'	'
Sale leaseback transaction, rent expense	'	$132,504	$132,504

FEDERAL_AND_STATE_INCOME_TAXES2

FEDERAL AND STATE INCOME TAXES (Schedule of Income Tax Provision) (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
State income tax:	'	'
Current, net of refund	$984	($11,173)
Federal income tax:	'	'
Deferred	-49,000	82,637
Current	355,040	240,883
Total income tax provision	$307,024	$312,347

FEDERAL_AND_STATE_INCOME_TAXES3

FEDERAL AND STATE INCOME TAXES (Schedule of Income Tax Reconciliation) (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
FEDERAL AND STATE INCOME TAXES [Abstract]	'	'
Income before tax	$1,010,453	$1,038,110
Computed expected tax	343,554	352,957
State income and franchise tax/(refund)	984	-11,173
Other	-37,514	-29,437
Total income tax provision	$307,024	$312,347
Federal expected tax rate	34.00%	'

FEDERAL_AND_STATE_INCOME_TAXES4

FEDERAL AND STATE INCOME TAXES (Schedule of Deferred Tax Liabilities) (Details) (USD $)	Feb. 28, 2014	Feb. 28, 2013
FEDERAL AND STATE INCOME TAXES [Abstract]	'	'
Deferred compensation cost	($17,595)	($62,424)
Depreciation and amortization	-137,405	-141,576
Deferred tax liabilities	($155,000)	($204,000)

MAJOR_CUSTOMERS_Details

MAJOR CUSTOMERS (Details) (USD $)	12 Months Ended
	Feb. 28, 2014	Feb. 28, 2013
Revenue, Major Customer [Line Items]	'	'
Accounts receivable	$1,744,813	$1,114,847
Customer One [Member]	'	'
Revenue, Major Customer [Line Items]	'	'
Percentage of revenue from customers	39.90%	27.40%
Accounts receivable	690,102	366,890
Customer Two [Member]	'	'
Revenue, Major Customer [Line Items]	'	'
Percentage of revenue from customers	'	12.20%
Accounts receivable	'	$82,368