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EARNINGS PER SHARE (Tables)
3 Months Ended
May 31, 2022
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 May 31,

 
   

2022

   

2021

 

Earnings:

               

Net earnings applicable to common shareholders

  $ 215,800     $ 3,438,100  
                 

Weighted average shares:

               

Weighted average shares outstanding-basic

    8,086,427       8,029,264  

Issuance of nonvested restricted shares

    387,183       452,716  

Weighted average shares outstanding-diluted

    8,473,610       8,481,980  
                 

Earnings per share:

               

Basic

  $ 0.03     $ 0.43  

Diluted

  $ 0.03     $ 0.41