2. INCOME (LOSS) PER SHARE

9 Months Ended

Nov. 30, 2016

Earnings Per Share [Abstract]

INCOME (LOSS) PER SHARE

NOTE 2:    INCOME (LOSS) PER SHARE

Basic income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during each period presented.  Diluted income (loss) per share is determined using the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents.  In periods when losses are reported, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.  The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method.

	For the nine months ended
	November 30,
	2016			2015
Numerator:
Net income (loss) available to common shareholders	$	(877,041	)	$	1,358,537
Weighted average shares – basic		26,574,313			26,139,612
Net income (loss) per share – basic	$	(0.03	)	$	0.05
Dilutive effect of common stock equivalents:
Warrants		-			2,640,106
Weighted average shares – diluted		26,574,313			28,779,718
Net income (loss) per share – diluted	$	(0.03	)	$	0.05

	For the three months ended
	November 30,
	2016			2015
Numerator:
Net income (loss) available to common shareholders	$	(284,230	)	$	370,962
Weighted average shares – basic		26,574,313			26,372,003
Net income (loss) per share – basic	$	(0.01	)	$	0.01
Dilutive effect of common stock equivalents:
Warrants		-			3,258,701
Weighted average shares – diluted		26,574,313			29,630,705
Net income  (loss) per share – diluted	$	(0.01	)	$	0.01