2. BASIC INCOME (LOSS) PER SHARE (Tables)

9 Months Ended

Nov. 30, 2018

Earnings Per Share [Abstract]

Basic and Diluted income (loss) per share

The denominator for diluted income (loss) per share for the periods ended November 30, 2018 and 2017, respectively, did not include 6,407,221 warrants as they would have been anti-dilutive.

	For the nine months ended
	November 30,
	2018			2017
Net (loss) income available to common shareholders	$	(163,087	)	$	491,995
Weighted average common shares – basic		26,574,313			26,574,313
Net (loss) income per share – basic	$	(0.01	)	$	0.02
Dilutive effect of common stock equivalents:
Warrants		-			-
Weighted average common shares – diluted		26,574,313			26,574,313
Net (loss) income per share – diluted	$	(0.01	)	$	0.02

	For the three months ended
	November 30,
	2018			2017
Net (loss) income available to common shareholders	$	(126,258	)	$	246,618
Weighted average common shares – basic		26,574,313			26,574,313
Net (loss) income per share – basic	$	0.00		$	0.01
Dilutive effect of common stock equivalents:
Warrants		-			-
Weighted average common shares – diluted		26,574,313			26,574,313
Net (loss) income per share – diluted	$	0.00		$	0.01