SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Aug. 31, 2023

Share-Based Payment Arrangement, Disclosure [Abstract]

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

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

	Three Months Ended August 31,						Six Months Ended August 31,
	2023			2022			2023			2022
Share-based compensation expense	$	96,200		$	261,600		$	192,400		$	523,200
Less reduction of expense for forfeitures		(16,600	)		(141,900	)		(16,600	)		(141,900	)
Share-based compensation expense - net	$	79,600		$	119,700		$	175,800		$	381,300

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes stock award activity during the first six months of fiscal year 2023 under the 2019 LTI Plan:

	Shares			Weighted Average Fair Value (per share)
Outstanding at February 28, 2023		297,000		$	6.04
Granted		-			-
Vested		-			-
Forfeited		(4,000	)		6.04
Outstanding at August 31, 2023		293,000		$	6.04