XML 46 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Share-Based Payments (Tables)
9 Months Ended
Nov. 30, 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     1,007,498     $ 6.38       1,065,414     $ 7.60  
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.)  
$0.80     577,081       6.00       582,081       7.00  
$3.00     -       -       -       -  
$5.25     380,000       7.74       380,000       8.74  
$8.75     -       -       -       -  
$11.52     -       -       13,209       9.61  
$12.00     700,000       7.79       700,000       8.79  
$13.49     -       -       250,000       8.88  
$13.89     -       -       280,000       0.07  
Outstanding, end of period     1,657,081       7.16       2,205,290       7.22  
Exercisable, end of period     1,007,498       7.11       1,065,414       7.62  
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     (243,932 )     2.52       (35,797 )     13.06  
Forfeited     (53,750 )     9.82       (1,625 )     12.31  
Outstanding, end of period     4,219,753     $ 1.60       99,498     $ 11.48  
Outstanding vested, end of period     831,684     $ 1.19       -     $ -