Cautionary Note Regarding Forward-Looking Statements

For a discussion regarding the impact of the ongoing COVID-19 pandemic on our business, please see Business Challenges-COVID-19 Pandemic and Results of Operations, below.

Our management believes we are the largest provider of business forms, pressure-seal forms, labels, tags, envelopes, and presentation folders to independent distributors in the United States.

Business products usage in the printing industry is generally not seasonal. General economic conditions and contraction of the traditional business forms industry are the predominant factors in quarterly volume fluctuations.

will continue to look for ways to reduce and leverage our fixed costs.

Critical Accounting Policies and Estimates

There are no recent accounting pronouncements that are anticipated to have a material impact on our consolidated financial statements.

18.0 35,624 16.3 37,010 18.8 (Gain) loss from disposal of assets

Three months ended August 31, 2022 compared to three months ended August 31, 2021

Gain from disposal of assets. The $1,000 net loss from disposal of assets during the prior year quarter is primarily attributed to the sale of equipment.

Six months ended August 31, 2022 compared to six months ended August 31, 2021

Contractual Obligations - There have been no significant changes in our contractual obligations since February 28, 2022 that have, or are reasonably likely to have, a material impact on our results of operations or financial condition.

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