STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Nov. 30, 2020

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 November 30,				Nine Months Ended November 30,
	2020		2019		2020		2019
Share-based compensation expense	$	291,800	$	166,300	$	677,000	$	498,800

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes stock award activity during fiscal year 2021 under the 2019 LTI Plan:

	Shares			Weighted Average Fair Value (per share)
Outstanding at February 29, 2020		308,000		$	9.94
Granted		305,000			6.30
Vested		-			-
Forfeited		(13,000	)		(7.70	)
Outstanding at November 30, 2020		600,000		$	8.14