EARNINGS PER SHARE (Tables)

9 Months Ended

Nov. 30, 2020

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 November 30,				Nine Months Ended November 30,
	2020		2019		2020		2019
Earnings:
Net earnings applicable to common shareholders	$	4,269,600	$	2,735,800	$	10,455,700	$	5,107,000
Weighted average shares:
Weighted average shares outstanding-basic		8,355,831		8,406,709		8,354,156		8,301,209
Assumed exercise of options		-		5,929		-		6,287
Weighted average shares outstanding-diluted		8,355,831		8,412,638		8,354,156		8,307,496
Earnings per share:
Basic	$	0.51	$	0.33	$	1.25	$	0.62
Diluted	$	0.51	$	0.33	$	1.25	$	0.61