STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 28, 2021

Share-based Payment Arrangement, Disclosure [Abstract]

Share-based Payment Arrangement, Option, Activity [Table Text Block]

A summary of the status of our 2002 Plan as of February 28, 2021 and February 29, 2020, and changes during the years then ended is presented below:

	February 28 (29),
	2021				2020
			Weighted				Weighted
			Average				Average
			Exercise				Exercise
	Shares		Price		Shares		Price
Outstanding at beginning of year		-		-		10,000	$	2.63
Exercised		-		-		10,000	$	2.63
Expired		-		-		-		-
Outstanding at end of year		-		-		-		-

Share-based Payment Arrangement, Cost by Plan [Table Text Block]

A summary of compensation expense recognized in connection with restricted share awards as follows:

	Year Ended February 28 (29),
	2021		2020
Share-based compensation expense	$	938,600	$	665,100

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes stock award activity during fiscal year 2021 under the 2019 LTI Plan:

	Shares			Weighted Average Fair Value (per share)
Outstanding at February 29, 2020		308,000		$	9.94
Granted		305,000			6.30
Vested		-			-
Forfeited		(13,000	)		(7.70	)
Outstanding at February 28, 2021		600,000		$	8.14