EARNINGS PER SHARE (Tables)

3 Months Ended

May 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted EPS is shown below.

	Three Months Ended May 31,
	2020		2019
Earnings per share:
Net earnings applicable to common shareholders	$	1,931,100	$	1,363,600
Shares:
Weighted average shares outstanding-basic		8,352,424		8,184,272
Assumed exercise of options		-		6,790
Weighted average shares outstanding-diluted		8,352,424		8,191,062
Diluted earnings per share:
Basic	$	0.23	$	0.17
Diluted	$	0.23	$	0.17