Share-Based Payments (Tables)
|
6 Months Ended |
Aug. 31, 2019 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Stock option activity |
| |
|
2019 |
|
|
2018 |
|
| |
|
Number of stock options |
|
|
Weighted average exercise price |
|
|
Number of stock options |
|
|
Weighted average exercise price |
|
| Outstanding, beginning of period |
|
|
1,962,400 |
|
|
$ |
7.53 |
|
|
|
2,374,581 |
|
|
$ |
7.99 |
|
| Granted |
|
|
- |
|
|
|
- |
|
|
|
13,209 |
|
|
|
11.52 |
|
| Exercised |
|
|
(5,000 |
) |
|
|
0.80 |
|
|
|
(20,000 |
) |
|
|
0.80 |
|
| Forfeited |
|
|
(39,902 |
) |
|
|
9.67 |
|
|
|
(100,000 |
) |
|
|
5.25 |
|
| Expired |
|
|
(260,417 |
) |
|
|
13.59 |
|
|
|
(62,500 |
) |
|
|
4.80 |
|
| Outstanding, end of period |
|
|
1,657,081 |
|
|
$ |
6.55 |
|
|
|
2,205,290 |
|
|
$ |
8.29 |
|
| Exercisable, end of period |
|
|
958,748 |
|
|
$ |
6.26 |
|
|
|
931,248 |
|
|
$ |
6.98 |
|
|
| Stock options outstanding |
| | |
2019 | |
2018 |
| Exercise
price | |
Number
of stock options outstanding | |
Weighted
average remaining life (yrs.) | |
Number
of stock options outstanding | |
Weighted
average remaining life (yrs.) |
| $ | 0.8 | | |
| 577,081 | | |
| 6.25 | | |
| 582,081 | | |
7.25 |
| $ | 3 | | |
| — | | |
| — | | |
| — | | |
- |
| $ | 5.25 | | |
| 380,000 | | |
| 7.99 | | |
| 380,000 | | |
8.99 |
| $ | 8.75 | | |
| — | | |
| — | | |
| — | | |
- |
| $ | 11.52 | | |
| — | | |
| — | | |
| 13,209 | | |
9.86 |
| $ | 12 | | |
| 700,000 | | |
| 8.04 | | |
| 700,000 | | |
9.04 |
| $ | 13.49 | | |
| — | | |
| — | | |
| 250,000 | | |
9.13 |
| $ | 13.89 | | |
| — | | |
| — | | |
| 280,000 | | |
9.19 |
| | Outstanding,
end of period | | |
| 1,657,081 | | |
| 7.41 | | |
| 2,205,290 | | |
8.59 |
| | Exercisable,
end of period | | |
| 958,748 | | |
| 7.33 | | |
| 931,248 | | |
8.32 |
|
| Key inputs into the valuation model |
| |
|
2018 |
|
| Exercise price |
|
$ |
11.52 |
|
| Risk-free interest rate |
|
|
2.82 |
% |
| Expected dividend yield |
|
|
0 |
% |
| Expected volatility |
|
|
78 |
% |
| Expected life |
|
6.5 years |
|
|
| RSU activity |
| |
|
2019 |
|
|
2018 |
|
| |
|
Number of units |
|
|
Weighted average fair value price |
|
|
Number of units |
|
|
Weighted average fair value price |
|
| Outstanding, beginning of period |
|
|
402,868 |
|
|
$ |
8.77 |
|
|
|
34,102 |
|
|
$ |
13.00 |
|
| Granted |
|
|
4,114,567 |
|
|
|
1.06 |
|
|
|
102,818 |
|
|
|
11.54 |
|
| Issued as common stock |
|
|
(43,932 |
) |
|
|
10.36 |
|
|
|
(35,797 |
) |
|
|
13.06 |
|
| Forfeited |
|
|
(53,750 |
) |
|
|
9.82 |
|
|
|
(1,625 |
) |
|
|
12.31 |
|
| Outstanding, end of period |
|
|
4,419,753 |
|
|
$ |
1.56 |
|
|
|
99,498 |
|
|
$ |
11.48 |
|
| Outstanding vested, end of period |
|
|
1,031,684 |
|
|
$ |
1.12 |
|
|
|
- |
|
|
$ |
- |
|
|