SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 28, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]

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:

	Year Ended February 28 (29),
	2021		2020
Earnings per share:
Net earnings applicable to common shareholders	$	12,624,000	$	5,645,100
Shares:
Weighted average shares outstanding-basic		8,352,474		8,318,412
Assumed exercise of options and issuance of nonvested restricted shares		74,250		4,716
Weighted average shares outstanding-diluted		8,426,724		8,323,128
Diluted earnings per share:
Basic	$	1.51	$	0.68
Diluted	$	1.50	$	0.68

Property, Plant and Equipment, Estimated Useful Life [Member]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment are stated at cost and depreciated on a straight-line basis over their estimated useful life, as follows:

Building	30 years
Building improvements	5 – 15 years
Machinery and equipment	3 – 15 years
Capitalized software	4 years
Furniture and fixtures	3 years