Leases (Tables)

12 Months Ended

Feb. 29, 2020

Leases

Schedule of components of net lease cost

	Year Ended February 29, 2020
Operating lease cost	$	653,803
Financing lease cost:
Amortization of right-of-use asset		5,722
Interest on long-term finance lease liabilities		3,276
Total finance lease costs	$	8,998
Short-term lease costs		1,160
Variable lease costs		168,849
Less: sublease income		(20,930)
Net lease cost	$	811,880

Schedule of supplemental cash flow information related to leases

	Year Ended February 29, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$	641,709
Operating cash flows paid for interest portion of finance leases		3,276
Financing cash flows paid for principal portion of finance leases		6,313
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		365,192
Finance leases		—

Schedule of supplemental balance sheet information related to leases

	February 29,
	2020
Operating leases:
Operating lease right-of-use asset	$	2,903,256
Short-term operating lease liabilities	$	490,161
Long-term operating lease liabilities		2,710,347
Total operating lease liabilities	$	3,200,508
Finance leases:
Property, plant and equipment, net	$	19,904
Current maturities of long-term debt and lease financing obligations	$	8,840
Lease financing obligations, less current maturities		19,326
Total finance lease liabilities	$	28,166
Weighted average remaining lease term
Operating leases		7.8
Finance leases		8.9
Weighted average discount rate
Operating leases		6.1	%
Finance leases		10.2	%

Schedule of minimum lease payments, financing leases, ASC842

	February 29, 2020
	Finance		Operating
Fiscal year	Leases		Leases (1)		Total
2021	$	11,307	$	662,644	$	673,951
2022		4,101		609,984		614,085
2023		3,946		556,433		560,379
2024		3,662		493,933		497,595
2025		3,402		395,822		399,224
Thereafter		16,660		1,314,774		1,331,434
Total lease payments		43,078		4,033,590		4,076,668
Less: imputed interest		(14,912)		(833,082)		(847,994)
Total lease liabilities	$	28,166	$	3,200,508	$	3,228,674

Schedule of minimum lease payments, operating leases, ASC842

	February 29, 2020
	Finance		Operating
Fiscal year	Leases		Leases (1)		Total
2021	$	11,307	$	662,644	$	673,951
2022		4,101		609,984		614,085
2023		3,946		556,433		560,379
2024		3,662		493,933		497,595
2025		3,402		395,822		399,224
Thereafter		16,660		1,314,774		1,331,434
Total lease payments		43,078		4,033,590		4,076,668
Less: imputed interest		(14,912)		(833,082)		(847,994)
Total lease liabilities	$	28,166	$	3,200,508	$	3,228,674

Schedule of minimum lease payments, financing leases, ASC840

	Lease
	Financing		Operating
Fiscal year	Obligations		Leases
2020	$	19,300	$	687,412
2021		4,811		610,874
2022		4,588		545,863
2023		4,383		490,864
2024		4,042		431,714
Later years		20,470		1,541,408
Total minimum lease payments		57,594	$	4,308,135
Amount representing interest		(17,418)
Present value of minimum lease payments	$	40,176

Schedule of minimum lease payments, operating leases, ASC840

	Lease
	Financing		Operating
Fiscal year	Obligations		Leases
2020	$	19,300	$	687,412
2021		4,811		610,874
2022		4,588		545,863
2023		4,383		490,864
2024		4,042		431,714
Later years		20,470		1,541,408
Total minimum lease payments		57,594	$	4,308,135
Amount representing interest		(17,418)
Present value of minimum lease payments	$	40,176