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FEDERAL AND STATE INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2015

FEDERAL AND STATE INCOME TAXES [Abstract]

Schedule of Income Tax Provision

	2015				2014
State income tax:
Current, net of refund	$	1,000			$	984
Federal income tax:
Deferred		102,087				(49,000	)
Current		218,332				355,040
Total	$	321,419			$	307,024

Schedule of Income Tax Reconciliation

	2015				2014
Income before tax	$	1,074,536			$	1,010,453
Computed expected tax	$	365,342			$	343,554
State income and franchise tax/(refund)		660				984
Other		(44,583	)			(37,514	)
Provision for taxes	$	321,419			$	307,024

Schedule of Deferred Tax Liabilities

	2015				2014
Deferred compensation cost	$	(19,040	)		$	(17,595	)
Depreciation and amortization		(239,660	)			(137,405	)
Allowance for bad debts and other		10,093				—
Deferred tax liabilities	$	(248,607	)		$	(155,000	)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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