v3.22.2.2
EARNINGS PER SHARE (Tables)
6 Months Ended
Aug. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted EPS is shown below:

 

   

Three Months Ended

August 31,

   

Six Months Ended

August 31,

 
   

2022

   

2021

   

2022

   

2021

 

Earnings (loss):

                               

Net earnings (loss) applicable to common shareholders

  $ (801,900

)

  $ 1,898,200     $ (586,100

)

  $ 5,336,300  
                                 

Weighted average shares:

                               

Weighted average shares outstanding-basic

    8,081,807       8,028,594       8,084,117       8,028,929  

Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards

    -       406,754       -       429,735  

Weighted average shares outstanding-diluted

    8,081,807       8,435,348       8,084,117       8,458,664  
                                 

Earnings (loss) per share:

                               

Basic

  $ (0.10

)

  $ 0.24     $ (0.07

)

  $ 0.66  

Diluted

  $ (0.10

)

  $ 0.23     $ (0.07

)

  $ 0.63  

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

As shown in the table below, the following shares have not been included in the calculation of diluted earnings (loss) per share as they would be anti-dilutive to the calculation above.

 

   

Three Months Ended

August 31,

   

Six Months Ended

August 31,

 
   

2022

   

2021

   

2022

   

2021

 

Weighted average shares:

                               

Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards

    264,653       -       331,956       -