v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Aug. 31, 2022
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,

 
   

2022

   

2021

   

2022

   

2021

 
                                 

Share-based compensation expense

  $ 261,600     $ 261,700     $ 523,200     $ 523,300  

Less reduction of expense for forfeitures

    (141,900

)

    -       (141,900

)

    -  

Share-based compensation expense - net

    119,700       261,700       381,300       523,300  

 

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, 2022

    600,000     $ 8.14  

Granted

    -       -  

Vested

    -       -  

Forfeited

    (28,000

)

    7.60  

Outstanding at August 31, 2022

    572,000     $ 8.17