STOCK-BASED COMPENSATION (Tables)
3 Months Ended
May 31, 2021
Share-based Payment Arrangement, Disclosure [Abstract]  
Share-based Payment Arrangement, Cost by Plan [Table Text Block]

A summary of compensation expense recognized in connection with restricted share awards follows:

 

   

Three Months Ended May 31,

 
   

2021

   

2020

 
                 

Share-based compensation expense

  $ 261,600     $ 169,000  

 

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes stock award activity during the first three months of fiscal year 2022 under the 2019 LTI Plan:

 

   

Shares

   

Weighted Average Fair Value (per share)

 
                 

Outstanding at February 28, 2021

    600,000     $ 8.14  

 Granted

    -       -  

 Vested

    -       -  

 Forfeited

    -       -  

Outstanding at May 31, 2021

    600,000     $ 8.14