Employee Benefit Plans	12 Months Ended
Feb. 28, 2019
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS	NOTE 12 – EMPLOYEE BENEFIT PLANS The Company has previously sponsored two employee benefit plans: The Employee Stock Ownership Plan (the “ESOP”) and a 401(k) plan. The ESOP was qualified discretionary employee stock ownership plan that covers substantially all employees. We have not made any contributions to the ESOP since fiscal year 2011 and there are no assets in the plan and the Company does not currently intent to restart the plan. We sponsored a voluntary, defined contribution 401(k) plan. The plan provided for salary reduction contributions by employees and matching contributions by us of 100% of the first 4% of the employees’ pre-tax contributions. The last matching contributions made to the plan were $31,766 in fiscal year 2015 and no contributions have been made since. The Company does not manage or hold any of the plan assets. The Company does not currently intend to fund this plan. The Company has failed to file the forms 5500 related to the 401(k) plan due to its’ inability to pay the associated fees.

Employee Benefit Plans

12 Months Ended

Feb. 28, 2019

NOTE 12 – EMPLOYEE BENEFIT PLANS

The Company has previously sponsored two employee benefit plans: The Employee Stock Ownership Plan (the “ESOP”) and a 401(k) plan.

The ESOP was qualified discretionary employee stock ownership plan that covers substantially all employees. We have not made any contributions to the ESOP since fiscal year 2011 and there are no assets in the plan and the Company does not currently intent to restart the plan.

We sponsored a voluntary, defined contribution 401(k) plan. The plan provided for salary reduction contributions by employees and matching contributions by us of 100% of the first 4% of the employees’ pre-tax contributions. The last matching contributions made to the plan were $31,766 in fiscal year 2015 and no contributions have been made since. The Company does not manage or hold any of the plan assets. The Company does not currently intend to fund this plan.

The Company has failed to file the forms 5500 related to the 401(k) plan due to its’ inability to pay the associated fees.