DEBT (Tables)

12 Months Ended

Feb. 28, 2023

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consists of the following:

	February 28,
	2023			2022
Line of credit	$	10,634,500		$	17,723,500
Floating rate term loan(s) (1)	$	20,475,000		$	14,651,000
Fixed rate term loan		14,625,000			10,349,100
Total term debt		35,100,000			25,000,100
Less current portion		(34,894,900	)		(2,542,200	)
Less debt issue cost		(205,100	)		(48,400	)
Long-term debt, net	$	-		$	22,409,500
(1) The February 28, 2022 floating rate term loans balance of $14,651,000 was comprised of the MidFirst Bank advancing term loans #1 and #2.

Schedule of Maturities of Long-Term Debt [Table Text Block]

The following table reflects aggregate current maturities of term debt, excluding the Revolving Loan, during the next fiscal years as follows:

Year ending February 29,
2024	$	35,100,000
Total	$	35,100,000