DEBT (Tables)

9 Months Ended

Nov. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consists of the following:

	2019
	November 30,			February 28,
Line of credit	$	-		$	-
Long-term debt	$	19,057,200		$	19,776,600
Less current maturities		(1,053,600	)		(945,900	)
Long-term debt, net of current maturities	$	18,003,600		$	18,830,700

Schedule of Long-term Debt Instruments [Table Text Block]

Tranche B of Term Loan #1, Term Loan #2 and the line of credit accrue interest at a tiered rate based on our Adjusted Funded Debt to EBITDA Ratio, which is payable monthly. The variable interest pricing tier is as follows:

Pricing Tier	Adjusted Funded Debt to EBITDA Ratio	LIBOR Margin (bps)
I	>2.00	300.00
II	>1.50 but <2.00	275.00
III	>1.00 but <1.50	250.00
IV	<1.00	225.00

Schedule of Maturities of Long-term Debt [Table Text Block]

The following table reflects aggregate future maturities of long-term debt during the next five fiscal years and thereafter as follows:

Year ending February 28 (29),
2020	$	256,200
2021		1,067,400
2022		1,114,600
2023		1,161,600
2024		1,210,600
Thereafter		14,246,800
Total	$	19,057,200