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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Nov. 30, 2023
Equity [Abstract]  
Schedule of Stock-based Compensation Expense

Stock-based compensation expense is included in the following captions of the condensed consolidated statements of comprehensive loss (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

November 30,

 

 

November 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of revenues

$

26

 

 

$

3

 

 

$

91

 

 

$

88

 

Research and development

 

257

 

 

 

528

 

 

 

941

 

 

 

1,964

 

Selling and marketing

 

460

 

 

 

737

 

 

 

1,607

 

 

 

2,046

 

General and administrative

 

824

 

 

 

762

 

 

 

2,830

 

 

 

4,088

 

 

$

1,567

 

 

$

2,030

 

 

$

5,469

 

 

$

8,186

 

Summary of Stock Option Activity

Changes in our outstanding stock options during the nine months ended November 30, 2023 were as follows (options in thousands):

 

 

Number of
Options

 

 

Weighted Average Exercise Price

 

 

Weighted average remaining contractual life (years)

 

 

Aggregate intrinsic value

 

Outstanding at February 28, 2023

 

506

 

 

$

16.02

 

 

 

4.0

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

Forfeited or expired

 

(506

)

 

 

16.02

 

 

 

 

 

 

 

Outstanding at November 30, 2023

 

-

 

 

$

-

 

 

 

 

 

$

-

 

Exercisable at November 30, 2023

 

-

 

 

$

-

 

 

 

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Shares (RSU's), and Performance Stock Units (PSU's) Activity

Changes in our outstanding restricted stock shares, performance stock units (“PSUs”) and restricted stock units (“RSUs”) during the nine months ended November 30, 2023 were as follows (restricted shares, PSUs and RSUs in thousands):

 

 

Number of Restricted
Shares, PSUs
and RSUs

 

 

Weighted Average Grant Date Fair Value

 

 

Shares Retained to Cover Statutory Minimum Withholding Taxes

 

Outstanding at February 28, 2023

 

3,506

 

 

$

6.75

 

 

 

 

Granted

 

3,109

 

 

 

0.83

 

 

 

 

Vested

 

(1,149

)

 

 

7.16

 

 

 

155

 

Forfeited

 

(1,284

)

 

 

4.50

 

 

 

 

Outstanding at November 30, 2023

 

4,182

 

 

$

2.41