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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Feb. 28, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation - Summary of Stock Options

A summary of the activity of both plans for fiscal 2022 and fiscal 2021 is as follows:

Stock-Based Compensation - Summary of Stock Options

										Weighted Average
		Stock Options								Exercise Price $								Remaining
		Outstanding				Exercisable				Outstanding				Exercisable				Term - Years
Balance - February 29, 2020			591,667				339,250			$	1.77			$	2.03				7.59
Granted			80,500								4.05
Exercised			(161,208	)							(1.05	)
Cancelled			(2,500	)							(2.55	)
Balance - February 28, 2021			508,459				333,500			$	2.35			$	2.17				6.99
Granted			168,335							$	5.10
Exercised			(403,334	)							(2.12	)
Cancelled			(19,750	)							(3.27	)
Balance - February 28, 2022			253,710				61,690			$	4.46			$	3.53				8.94

Stock-Based Compensation - Weighted-average Black-Scholes assumptions

The weighted-average fair value of options has been estimated on the date of grant using the Black-Scholes options-pricing model. The weighted-average Black-Scholes assumptions are as follows:

Stock-Based Compensation - Weighted-average Black-Scholes assumptions

		Fiscal Year Ended
		February 28, 2022			February 28, 2021
Expected life		5 - 8 years			5 - 8 years
Risk free interest rate		0.78% - 2.0%			0.46 – 0.78%
Expected volatility		50.73% - 57.13%			48.88% - 58.63%
Expected dividend yield		0%			0%

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- References

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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