v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE DISCLOSURE

 

The following table presents, for each of the two most recent years:

 

●Total compensation, as calculated in the Summary Compensation Table (“SCT”), for our CEO (“Principal Executive Officer” or “PEO”) and an average for our other Named Executive Officers (“Non-PEO NEO”);

 

●Compensation actually paid (“CAP”) to the PEO and Non-PEO NEOs, an SEC prescribed calculation which adjusts total compensation for the items described below and which does not equate to realized compensation;

 

●Our cumulative total shareholder return since the last trading day before the earliest year presented; and

 

●Our net income (loss) as disclosed in our Form 10-K.

 

Fiscal year  Summary
Compensation
Table Total
for PEO
($) (1)		   Compensation
Actually
Paid
to PEO
($) (1) (3)		   Average
Summary
Compensation
Table Total
for Non-PEO
Name
Executive
Officers
($) (2)		   Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers
($) (2) (3)		   Value of
Initial Fixed
$100
Investment
Based on
Total
Shareholder
Return
($) (4)		   Net Income
(Loss) ($)		 
2026   332,800    332,800    277,400    277,400    73.91    2,325,200 
2025   341,300    325,000    293,300    277,000    39.40    (5,263,600)
2024   296,600    219,800    247,900    171,100    23.35    546,400 

 

(1) For the fiscal year 2024, 2025 and 2026 presented, Craig M. White was our Chief Executive Officer.
(2) Our Named Executive Officers presented for fiscal years 2024, 2025 and 2026 were Dan E. O’Keefe and Heather N. Cobb.
(3) Compensation actually paid is presented pursuant to Item 402(v)(2)(iii)(C) of Regulations S-K with the following adjustments:

 

   FY 2026
PEO ($)		   FY 2025
PEO ($)		   FY 2026
Non-PEO
(Average)
($)		   FY 2025
Non-PEO
(Average)
($)		 
SCT Total Compensation   332,800    341,300    277,400    293,300 
Subtract: Grant date fair value of equity awards granted during the covered year   -    -    -    - 
Add: Fair value as of end of covered year of equity awards granted during covered year that were outstanding and unvested as of end of covered year   -    -    -    - 
Add: Change in fair value from end of prior year to end of current year for equity awards granted in prior years that were outstanding and unvested at end of current year   -    -    -    - 
Add: Fair value as of vesting date of equity awards that were granted and vested in same year   -    -    -    - 
Add: Change in fair value from end of prior year to vesting date of equity awards granted in prior years that vested in covered year   -    (16,300)   -    (16,300)
Subtract: Fair value at end of prior year of equity awards granted in prior years that failed to vest (forfeited) in covered year   -    -    -    - 
Add: Dollar amount of dividends or other earnings paid on equity awards in covered year prior to vested date that are not included in total compensation for covered year   -    -    -    - 
Compensation Actually Paid   332,800    325,000    277,400    277,000 

 

(4) The value is based on a fixed investment of one hundred dollars in our common stock measured from the market close on February 28, 2025 (the last trading day prior to the earliest fiscal year presented) through and including the end of the fiscal year for each year reported in the table.
    
Named Executive Officers, Footnote (1)For the fiscal year 2024, 2025 and 2026 presented, Craig M. White was our Chief Executive Officer. (2)Our Named Executive Officers presented for fiscal years 2024, 2025 and 2026 were Dan E. O’Keefe and Heather N. Cobb.    
PEO Total Compensation Amount $ 332,800 $ 341,300 $ 296,600
PEO Actually Paid Compensation Amount $ 332,800 325,000 219,800
Adjustment To PEO Compensation, Footnote
   FY 2026
PEO ($)		   FY 2025
PEO ($)		   FY 2026
Non-PEO
(Average)
($)		   FY 2025
Non-PEO
(Average)
($)		 
SCT Total Compensation   332,800    341,300    277,400    293,300 
Subtract: Grant date fair value of equity awards granted during the covered year   -    -    -    - 
Add: Fair value as of end of covered year of equity awards granted during covered year that were outstanding and unvested as of end of covered year   -    -    -    - 
Add: Change in fair value from end of prior year to end of current year for equity awards granted in prior years that were outstanding and unvested at end of current year   -    -    -    - 
Add: Fair value as of vesting date of equity awards that were granted and vested in same year   -    -    -    - 
Add: Change in fair value from end of prior year to vesting date of equity awards granted in prior years that vested in covered year   -    (16,300)   -    (16,300)
Subtract: Fair value at end of prior year of equity awards granted in prior years that failed to vest (forfeited) in covered year   -    -    -    - 
Add: Dollar amount of dividends or other earnings paid on equity awards in covered year prior to vested date that are not included in total compensation for covered year   -    -    -    - 
Compensation Actually Paid   332,800    325,000    277,400    277,000 
    
Non-PEO NEO Average Total Compensation Amount $ 277,400 293,300 247,900
Non-PEO NEO Average Compensation Actually Paid Amount $ 277,400 277,000 171,100
Adjustment to Non-PEO NEO Compensation Footnote
   FY 2026
PEO ($)		   FY 2025
PEO ($)		   FY 2026
Non-PEO
(Average)
($)		   FY 2025
Non-PEO
(Average)
($)		 
SCT Total Compensation   332,800    341,300    277,400    293,300 
Subtract: Grant date fair value of equity awards granted during the covered year   -    -    -    - 
Add: Fair value as of end of covered year of equity awards granted during covered year that were outstanding and unvested as of end of covered year   -    -    -    - 
Add: Change in fair value from end of prior year to end of current year for equity awards granted in prior years that were outstanding and unvested at end of current year   -    -    -    - 
Add: Fair value as of vesting date of equity awards that were granted and vested in same year   -    -    -    - 
Add: Change in fair value from end of prior year to vesting date of equity awards granted in prior years that vested in covered year   -    (16,300)   -    (16,300)
Subtract: Fair value at end of prior year of equity awards granted in prior years that failed to vest (forfeited) in covered year   -    -    -    - 
Add: Dollar amount of dividends or other earnings paid on equity awards in covered year prior to vested date that are not included in total compensation for covered year   -    -    -    - 
Compensation Actually Paid   332,800    325,000    277,400    277,000 
    
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Cumulative Total Shareholder Return (“TSR”)

 

We utilize several performance measures to align executive compensation with the Company’s performance but historically have not used financial performance measures such as total shareholder return. As described under the Annual Bonuses and Equity Awards section of this Proxy Statement, part of the compensation our NEOs are eligible to receive consists of annual performance-based cash bonuses and equity awards that are designed to provide appropriate incentives to our executives to achieve corporate goals. We align our performance metrics and payment of incentives to our NEOs based on revenue growth and pre-tax profit generation. The Board believes that these key performance measurements are the primary drivers that would impact the Company’s enterprise valuation and therefore, ultimately, total stockholder return.

 

The NEOs have been granted shares in past years and are directly impacted, as shareholders, in share price fluctuations. As reflected in the TSR, our NEO’s total compensation was decreased when incorporating the impact of the change in the market value of our shares.

    
Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income (Loss)

 

The Company’s short-term cash bonus and long-term equity grants are both tied to pre-tax profitability. During fiscal 2024, the Company incurred a pre-tax profit of $0.7 million, as minimum profitability was not achieved, no cash payments were awarded to the NEOs under the Company’s short-term incentive plan. During fiscal 2024, the Company’s NEO’s received a small discretionary bonus payment approved by the Compensation Committee.. During fiscal 2025, he Company’s NEOs received no short-term incentive payments or grants of stock. During fiscal 2026, the Company incurred a pre-tax gain of $5.3 million and a one-time discretionary payment was awarded to the NEOs.

    
Total Shareholder Return Amount $ 73.91 39.4 23.35
Net Income (Loss) $ 2,325,200 $ (5,263,600) $ 546,400
PEO Name Craig M. White Craig M. White Craig M. White
Additional 402(v) Disclosure (3)Compensation actually paid is presented pursuant to Item 402(v)(2)(iii)(C) of Regulations S-K with the following adjustments:    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   0  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (16,300)  
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (16,300)  
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0  
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0