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Stock Compensation Plans (Tables)
3 Months Ended
May 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Non-Vested Restricted Stock Unit Transactions for Common Stock

The following table summarizes non-vested restricted stock unit transactions for common stock during the three months ended May 31, 2024:

 

 

Three Months Ended
May 31,

 

 

2024

 

Outstanding non-vested restricted stock units at beginning
   of year:

 

 

160,958

 

Granted

 

 

215,182

 

Vested

 

 

(20,112

)

Cancelled/forfeited

 

 

(219,880

)

Outstanding non-vested restricted stock units as of
   May 31:

 

 

136,148

 

 

 

 

Weighted average grant date fair value

 

$

3.62

 

Weighted average remaining vesting period (in years)

 

 

2.23

 

Summary of Stock Option Activity

The following table summarizes stock option activity during the three months ended May 31, 2024:

 

 

Three Months Ended
May 31,

 

 

2024

 

Outstanding stock options as of February 28 or 29:

 

 

17,698

 

Granted

 

 

-

 

Exercised

 

 

-

 

Cancelled/forfeited

 

 

(17,698

)

Outstanding stock options as of May 31:

 

 

-

 

 

 

 

Weighted average exercise price

 

$

0.00

 

Weighted average remaining contractual term (in years)

 

 

0.00