COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Aug. 31, 2021

COMMITMENTS AND CONTINGENCIES

Balance sheet classification of lease assets and liabilities

Balance Sheet Classification	August 31, 2021
Assets
Operating lease right-of-use assets, March 1, 2021	$	340,000
Amortization for the six months ended August 31, 2021		(202,000	)
Total operating lease right-of-use asset, August 31, 2021	$	138,000
Liabilities
Current
Operating lease liability, short-term	$	153,000
Non-current
Operating lease liability, long-term		-
Total lease liabilities	$	153,000

Balance Sheet Classification	February 28, 2021
Assets
Operating lease right-of-use assets, March 1, 2020	$	723,000
Amortization for the fiscal year ended February 28, 2021		(383,000	)
Total operating lease right-of-use asset, February 28, 2021	$	340,000
Liabilities
Current
Operating lease liability, short-term	$	377,000
Non-current
Operating lease liability, long-term		-
Total lease liabilities	$	377,000

Future minimum lease payments

Fiscal Year Ending February 28	Amount
2022		155,000
Total Future Undiscounted Cash Flows	$	155,000
Less Imputed Interest to be recognized in lease expense		2,000
Operating Lease Liabilities, as reported	$	153,000

Fiscal Year Ending February 28	Amount
2022		388,000
Total Future Undiscounted Cash Flows	$	388,000
Less Imputed Interest to be recognized in lease expense		11,000
Operating Lease Liabilities, as reported	$	377,000