INVENTORIES

12 Months Ended

Feb. 28, 2021

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

2.       INVENTORIES

Inventories consist of the following:

	February 28 (29),
	2021			2020
Current:
Book inventory	$	52,276,200		$	30,346,900
Inventory valuation allowance		(513,800	)		(259,600	)
Inventories net - current	$	51,762,400		$	30,087,300
Noncurrent:
Book inventory	$	894,300		$	1,226,500
Inventory valuation allowance		(209,000	)		(209,800	)
Inventories net - noncurrent	$	685,300		$	1,016,700

Inventory in transit totaled $6,467,400 and $549,900 at February 28, 2021 and February 29, 2020, respectively.

Book inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2 ½ years of anticipated sales, are included in non-current inventory.