LEASES (Tables)

12 Months Ended

Feb. 29, 2024

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. Expected payments in the next twelve months are classified as current lease liabilities. Payments in excess of twelve months are classified as long-term lease liabilities. We also recognize a right-of-use asset, reported in other assets on the balance sheets, for each lease, valued at the lease liability and adjusted for prepaid or accrued rent balances existing at the time of initial recognition. The lease liability and right-of-use assets are reduced over the term of the lease as payments are made and the assets are used.

	February 29 (28),
	2024			2023
Operating lease assets:
Right-of-use assets	$	1,614,900		$	823,600
Operating lease liabilities:
Current lease liabilities	$	726,900		$	347,800
Long-term lease liabilities	$	888,000		$	475,800
Weighted-average remaining lease term (months)		25.8			36.3
Weighted-average discount rate		4.34	%		4.01	%

	February 29 (28),
	2024		2023
Fixed lease costs	$	563,900	$	154,400

	February 29 (28),
	2024		2023
Operating cash flows – operating leases	$	563,900	$	154,400

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Future minimum rental payments under operating leases with initial terms greater than one year as of February 29, 2024, are as follows:

Years ending February 29 (28),
2025	$	735,800
2026		600,200
2027		397,300
Total future minimum rental payments		1,733,300
Less: imputed interest		(118,400	)
Total operating lease liabilities	$	1,614,900

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

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

Years ending February 29 (28),
2025	$	1,547,100
2026		1,524,300
2027		1,554,800
2028		1,585,900
2029		1,617,600
Thereafter		3,332,900
Total	$	11,162,600