Note 4 - Earnings Per Share

9 Months Ended

Nov. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

4

–

EARNINGS PER SHARE

Basic Earnings Per Share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and warrants.

The dilutive effect of outstanding securities as of

May 31, 2020

and

February

29,

2020,

respectively, would be as follows:

	November 30, 2020		February 29, 2020
Warrants		3,925,000		3,925,000
TOTAL POSSIBLE DILUTION		3,925,000		3,925,000

At

November 30, 2020

and

February

29,

2020,

respectively, the effect of the Company's outstanding options and warrants would have been anti-dilutive.