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Note 2 - INVENTORIES
 9 Months Ended
Nov. 30, 2017
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]
Note 2 – INVENTORIES

 Inventories consist of the following:

   
2017
  
   
November 30,
    
February 28,
  
Current:
            
  Book inventory
  
$
24,480,900
    
$
34,278,100
  
  Inventory valuation allowance
    
(25,000
)
    
(25,000
)
                 
Inventories net–current
  
$
24,455,900
    
$
34,253,100
  
                 
Noncurrent:
                
  Book inventory
  
$
502,200
    
$
467,100
  
  Inventory valuation allowance
    
(305,900
)
    
(275,000
)
                 
Inventories net–noncurrent
  
$
196,300
    
$
192,100
  

Book inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2.5 years of anticipated sales, are included in noncurrent inventory.

Significant portions of our inventory purchases are concentrated with an England-based publishing company.  Purchases from this company were approximately $6.9 million and $10.9 million for the three months ended November 30, 2017 and 2016, respectively.  Total inventory purchases from all suppliers were $10.9 million and $15.2 million for the three months ended November 30, 2017 and 2016, respectively.

Purchases from this company were approximately $18.2 million and $29.9 million for the nine months ended November 30, 2017 and 2016, respectively.  Total inventory purchases from all suppliers were $27.5 million and $43.7 million for the nine months ended November 30, 2017 and 2016, respectively.