STOCK OPTIONS

9 Months Ended

Nov. 30, 2022

Equity [Abstract]

STOCK OPTIONS

NOTE 5: STOCK OPTIONS

Under the 2013 Stock Incentive Plan ("2013 Plan"), options can be granted to officers, directors, consultants and employees of the Company and its subsidiaries to purchase up to 2,500,000 shares of the Company's common stock. Under the 2013 Plan options expire ten years after the date of grant. As of November 30, 2022, there were 245,745 options outstanding under the 2013 Plan, of which 83,816 are vested.

During the three months ended November 30, 2022, 9,723 options were exercised on a net cashless basis, which resulted in 7,345 shares of common stock being issued.

During the nine months ended November 30, 2022, 16,973 options were exercised on a net cashless basis, which resulted in 12,898 shares of common stock being issued.