Significant Accounting Policies (Policies) | 9 Months Ended |
Nov. 30, 2024 |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States for interim financial information and with the instructions to Form 10 8 X. not The unaudited financial information furnished herein reflects all adjustments, consisting of normal recurring items that, in the opinion of management, are necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods. The results of operations for the three nine November 30, 2024 not February 28, 2025 The information included in this Form 10 10 February 29, 2024 |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The consolidated condensed financial statements are prepared in accordance with U.S. GAAP. Preparation of these consolidated condensed financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable. The Company could have reasonably used different accounting estimates. This applies in particular to inventory and valuation allowance for deferred tax assets. Actual results could differ significantly from our estimates. To the extent that there are material differences between these estimates and actual results, the Company’s future financial statement presentation, financial condition, results of operations and cash flows will be affected. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents include demand deposits and money market accounts. The Company considers any short-term, highly liquid investments with maturities of three |
Investment, Policy [Policy Text Block] | Investment in Marketable Securities Investment in Securities includes investments in equity securities. Investments in securities are reported at fair value with changes in unrecognized gains or losses included in other income on the condensed consolidated statements of operations. The following table summarizes the Company’s marketable securities: November 30, 2024 Gross Gross Unrealized Unrealized Marketable Securities: Cost Gains Losses Fair Value Common Stocks $ 574,000 $ 454,000 $ (5,000 ) $ 1,023,000 February 29, 2024 Gross Gross Unrealized Unrealized Marketable Securities: Cost Gains Losses Fair Value Common Stocks $ 581,000 $ 375,000 $ (52,000 ) $ 904,000 At November 30, 2024 February 29, 2024 $86,000 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) Topic 820, 820 three Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. Level 2: Inputs other than quoted prices included within Level 1 Level 3: Inputs that are generally unobservable. These inputs may The table below shows the Company’s marketable securities as of November 30, 2024 February 29, 2024 November 30, 2024 Level 1 Level 2 Level 3 Total Common Stocks $ 1,023,000 $ - $ - $ 1,023,000 February 29, 2024 Level 1 Level 2 Level 3 Total Common Stocks $ 904,000 $ - $ - $ 904,000 The carrying amounts of the Company’s short-term financial instruments, including accounts receivable, accounts payable, accrued expenses and other liabilities approximate their fair value due to the relatively short period to maturity for these instruments. The carrying value of long-term debt approximates fair value since the related rates of interest approximate current market rates. |
Receivable [Policy Text Block] | Accounts Receivable Accounts receivable are stated at amounts management expects to collect from outstanding balances and do not not not November 30, 2024 February 29, 2024 The allowance estimate is derived from a review of the Company’s historical losses based on the aging of receivables. This estimate is adjusted for management’s assessment of current conditions, reasonable and supportable forecasts regarding future events, and any other factors deemed relevant by the Company. The Company believes historical loss information is a reasonable starting point in which to calculate the expected allowance for credit losses as the Company’s portfolio segment has remained consistent since the Company’s inception. The allowance for credit losses was $0 as of November 30, 2024 February 29, 2024 The Company writes off receivables when there is information that indicates the debtor is facing significant financial difficulty and there is no nine November 30, 2024 November 30, 2023 |
Shipping And Handling Costs [Policy Text Block] | Shipping and Handling Shipping and handling costs billed to customers are recorded in net sales. Shipping costs incurred by the Company are recorded in cost of sales. |
Inventory, Policy [Policy Text Block] | Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined using the “first-in, first not two zero The Company does not not twelve The Company’s inventory valuation policy is as follows: Raw material /Work in process: All material acquired or processed in the last two three not two three five Finished goods: All finished goods with firm orders for later delivery are valued at the lower of cost or net realizable value. All finished goods with no Direct labor costs: Direct labor costs are allocated to finished goods and work in process inventory based on engineering estimates of the number of man-hours required from the different direct labor departments to bring each device to its particular level of completion. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant, Equipment, and Leasehold Improvements Property, plant, and equipment is recorded at cost. Major renewals and improvements are capitalized, while maintenance and repairs that do not Building (years) 39 Building Improvements (years) 15 Leasehold Improvements Shorter of 10 years or life of lease Machinery and Equipment (years) 5 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk Financial instruments, which potentially subject the Company to concentration of credit risk, consist principally of cash and account receivables. The Company places its cash with high credit quality institutions. At times, such amounts may not not November 30, 2024 $250,000. November 30, 2024 February 29, 2024 |
Earnings Per Share, Policy [Policy Text Block] | Net Income (Loss) Per Common Share Net income (loss) per common share is presented in accordance with ASC 260 10 not no three nine November 30, 2024 November 30, 2023 no |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition The Company records revenue in accordance with ASC Topic 606, The core principle of the guidance in Topic 606 To achieve that core principle, the Company applied the following steps: 1. The Company designs, develops, manufactures and markets solid-state semiconductor components and related devices. The Company’s products are used as components primarily in the military and aerospace markets. The Company’s revenues are from purchase orders and/or contracts with customers associated with manufacture of products. We account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. 2. The majority of the Company’s purchase orders or contracts with customers contain a single performance obligation, the shipment of products. 3. The transaction price reflects the Company’s expectations about the consideration it will be entitled to receive from the customer at a fixed price per unit shipped based on the terms of the contract or purchase order with the customer. To the extent our actual costs vary from the fixed price that was negotiated, we will generate more or less profit or could incur a loss. 4. 5. This performance obligation is satisfied when control of the product is transferred to the customer, which generally occurs upon shipment. The Company receives purchase orders for products to be delivered over multiple dates that may In addition, the Company may We recognize revenue on sales to distributors when the distributor takes control of the products ("sold-to" model). We have agreements with distributors that allow distributors a limited credit for unsaleable products, which we refer to as a "scrap allowance." Consistent with industry practice, we also have a "stock, ship and debit" program whereby we consider requests by distributors for credits on previously purchased products that remain in distributors' inventory, to enable the distributors to offer more competitive pricing. We have contractual arrangements whereby we provide distributors with protection against price reductions initiated by us after product is sold by us to the distributor and prior to resale by the distributor. In addition, we have a termination clause in one 60 We recognize the estimated variable consideration to be received as revenue and record a related accrued expense for the consideration not |
Related Party Transactions [Policy Text Block] | Related Party Transactions The Company currently purchases and has purchased in the past die and wafers, as specified by the Company's customers, from ES Components. Mr. Aubrey, a director of the Company is a minority owner, and an immediate family member of the majority owner of ES Components. For the three nine November 30, 2024 three nine November 30, 2023 three nine November 30, 2024 November 30, 2023 |
Share-Based Payment Arrangement [Policy Text Block] | Stock based Compensation The Company records stock-based compensation in accordance with the provisions of ASC Topic 718, 718, No three nine November 30, 2024 November 30, 2023 |