| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share (“EPS”) is shown below.
|
Earnings Per Share:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended August 31,
|
|
|
Six Months Ended August 31,
|
|
| |
|
2015
|
|
|
2014
|
|
|
2015
|
|
|
2014
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings
|
|
$ |
644,400 |
|
|
$ |
(3,900 |
) |
|
$ |
969,000 |
|
|
$ |
235,800 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic
|
|
|
4,045,219 |
|
|
|
3,998,170 |
|
|
|
4,039,055 |
|
|
|
3,992,365 |
|
|
Assumed exercise of options
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - diluted
|
|
|
4,045,219 |
|
|
|
3,998,170 |
|
|
|
4,039,055 |
|
|
|
3,992,365 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Share
|
|
$ |
0.16 |
|
|
$ |
(0.00 |
) |
|
$ |
0.24 |
|
|
$ |
0.06 |
|
|
Diluted Earnings Per Share
|
|
$ |
0.16 |
|
|
$ |
(0.00 |
) |
|
$ |
0.24 |
|
|
$ |
0.06 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options not considered above because
they were antidilutive
|
|
|
10,000 |
|
|
|
10,000 |
|
|
|
10,000 |
|
|
|
10,000 |
|
|