SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Feb. 28, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]

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:

	Year Ended February 28,
	2023			2022
Earnings (loss) per share:
Net earnings (loss) applicable to common shareholders	$	(2,504,900	)	$	8,306,800
Shares:
Weighted average shares outstanding-basic		8,157,704			8,039,843
Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards		-			412,497
Weighted average shares outstanding-diluted		8,157,704			8,452,340
Diluted earnings (loss) per share:
Basic	$	(0.31	)	$	1.03
Diluted	$	(0.31	)	$	0.98

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

As shown in the table below, the following shares have not been included in the calculation of diluted earnings (loss) per share as they would be anti-dilutive to the calculation above.

	Year Ended February 28,
	2023		2022
Weighted average shares:
Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards		222,395		-

Property, Plant and Equipment, Estimated Useful Life [Member]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) [Line Items]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment are stated at cost and depreciated on a straight-line basis over their estimated useful life, as follows:

Building	30 years
Building improvements	5 – 15 years
Machinery and equipment	3 – 15 years
Capitalized software	4 years
Furniture and fixtures	3 years
Molds and tooling	3 – 5 years