LEASES (Tables)

12 Months Ended

Feb. 28, 2023

Disclosure Text Block [Abstract]

Lease, Cost [Table Text Block]

We recognize a lease liability, reported in other liabilities on the balance sheets, for each lease based on the present value of remaining minimum fixed rental payments (which includes payments under any renewal option that we are reasonably certain to exercise), using a discount rate that approximates the rate of interest we would have to pay to borrow on a collateralized basis over a similar term. We also recognize a right-of-use asset, reported in other assets on the balance sheets, for each lease, valued at the lease liability and adjusted for prepaid or accrued rent balances existing at the time of initial recognition. The lease liability and right-of-use asset are reduced over the term of the lease as payments are made and the assets are used.

	February 28,
	2023			2022
Operating lease assets:
Right-of-use assets	$	823,600		$	495,800
Operating lease liabilities:
Current lease liabilities	$	347,800		$	111,000
Long-term lease liabilities	$	475,800		$	384,800
Weighted-average remaining lease term (months)		36.3			57.0
Weighted-average discount rate		4.01	%		3.06	%

	February 28,
	2023		2022
Fixed lease costs	$	154,400	$	35,300

	February 28,
	2023		2022
Operating cash flows – operating leases	$	154,400	$	35,300

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Future minimum rental payments under operating leases with initial terms greater than one year as of February 28, 2023, are as follows:

Years ending February 28 (29),
2024		402,700
2025		270,500
2026		122,200
2027		72,800
Total future minimum rental payments		868,200
Less: imputed interest		(44,600	)
Total operating lease liabilities	$	823,600

Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]

Future minimum payments receivable under operating leases with terms greater than one year are estimated as follows:

Years ending February 28 (29),
2024		1,568,900
2025		1,547,100
2026		1,524,300
2027		1,554,800
2028		1,585,900
Thereafter		4,950,300
Total	$	12,731,300