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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
     
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  ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
    
 
  For the fiscal year ended February 28, 2005.
 
    
o
  TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
    
 
  For the transition period from                      to                     .
Commission file number: 0-4957
A.   Full title of the plan and the address of the plan, if different from that of the issuer named below:
Educational Development Corporation Employee 401(k) Plan
10302 East 55th Place
Tulsa Oklahoma 74146
B.   Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Educational Development Corporation
10302 East 55th Place
Tulsa Oklahoma 74146
(918) 622-4522
 
 

 

 

REQUIRED INFORMATION
Item 4. Plan financial statements and schedules for the year ended February 28, 2005 have been prepared in accordance with the financial reporting requirements of ERISA.
         
    PAGE NUMBER  
    IN THIS REPORT  
Statements of Net Assets Available for Benefits as of February 28, 2005 and February 29, 2004
     F-1  
Statement of Changes in Net Assets Available for Benefits for the year ended February 28, 2005
     F-2  
Signature
     Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.
         
  Educational Development Corporation
Employee 401(k) Plan
 		  
  By:   /s/ Randall W. White    
    Randall W. White, Trustee 
Date: September 26, 2005		  
       
 

 

 

Educational Development Corporation
Employee 401(k) Plan
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF FEBRUARY 28, 2005
                 
    2005     2004  
INVESTMENTS
                
Participant directed, at fair value -
 
Employer common stock
   $ 1,774,323     $ 1,670,729  
Mutual funds
     341,485       317,025  
 
            
Total investments
   $ 2,115,808     $ 1,987,754  
 
            

F-1

 

Educational Development Corporation
Employee 401(k) Plan
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED FEBRUARY 28, 2005
         
Dividends and interest
   $ 18,700  
 
      
Contributions by:
        
Employees
     141,486  
Employer
     70,743  
Rollover
     4,878  
 
      
Total contributions
     217,107  
 
      
Total additions
     235,807  
Less:
        
Distributions to former participants
     199,848  
Forfeitures
     —  
 
      
 
     199,848  
 
      
Net increase before realized gains and losses
     35,959  
Net realized and unrealized investment gains and (losses)
     93,248  
Plan expenses
     (1,153 )
 
      
Net increase in net assets
     128,054  
Net assets available for benefits, beginning of year
     1,987,754  
 
      
Net assets available for benefits, end of year
   $ 2,115,808  
 
      

F-2