LEASES (Tables)

12 Months Ended

Feb. 28, 2021

Disclosure Text Block [Abstract]

Lease, Cost [Table Text Block]

We recognize a lease liability, reported in other liabilities on the balance sheets, for each lease based on the present value of remaining minimum fixed rental payments (which includes payments under any renewal option that we are reasonably certain to exercise), using a discount rate that approximates the rate of interest we would have to pay to borrow on a collateralized basis over a similar term. We also recognize a right-of-use asset, reported in other assets on the balance sheets, for each lease, valued at the lease liability, adjusted for prepaid or accrued rent balances existing at the time of initial recognition. The lease liability and right-of-use asset are reduced over the term of the lease as payments are made and the assets are used.

	February 28 (29),
	2021			2020
Operating lease assets:
Right-of-use asset	$	34,100		$	45,200
Operating lease liabilities:
Current lease liability	$	13,700		$	13,500
Long-term lease liability	$	20,400		$	31,700
Remaining lease term (months)		31			43
Discount Rate		4.60	%		4.60	%

	February 28 (29),
	2021		2020
Fixed lease cost	$	13,200	$	12,700

	February 28 (29),
	2021		2020
Operating cash flows – operating lease	$	13,200	$	12,700

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum rental payments under operating leases with initial terms greater than one year as of February 28, 2021, are as follows:

Years ending February 28 (29),
2022	$	13,700
2023		14,200
2024		8,400
Total future minimum rental payments		36,300
Present value discount		(2,200	)
Total operating lease liability	$	34,100

Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]

Future minimum payments receivable under operating leases with terms greater than one year are estimated as follows:

Years ending February 28 (29),
2022	$	1,542,100
2023		1,573,200
2024		1,577,900
2025		1,547,100
2026		1,524,300
Thereafter		8,091,000
Total	$	15,855,600