DEBT (Tables)

12 Months Ended

Feb. 28, 2021

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consists of the following:

	February 28 (29),
	2021			2020
Line of credit	$	5,245,300		$	-
Long-term debt	$	10,984,700		$	18,811,700
Less current maturities		(533,500	)		(1,027,400	)
Long-term debt, net of current maturities	$	10,451,200		$	17,784,300

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

The Advancing Term Loan and the line of credit accrue interest at a tiered rate based on our Adjusted Funded Debt to EBITDA ratio.  The current 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 as follows:

Years ending February 28 (29),
2022	$	533,500
2023		556,800
2024		581,200
2025		605,400
2026		8,707,800
Total	$	10,984,700