STOCK-BASED COMPENSATION (Tables)

3 Months Ended

May 31, 2022

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 May 31,
	2022		2021
Share-based compensation expense	$	261,600	$	261,600

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes stock award activity during the first three months of fiscal year 2023 under the 2019 LTI Plan:

	Shares			Weighted Average Fair Value (per share)
Outstanding at February 28, 2022		600,000		$	8.14
Granted		-			-
Vested		-			-
Forfeited		(15,000	)		8.73
Outstanding at May 31, 2022		585,000		$	8.12