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Note 4
 3 Months Ended
May 31, 2012
Earnings Per Share [Text Block]
Note 4 – Basic earnings per share (“EPS”) is computed by dividing net earnings by the weighted average number of common shares outstanding during the period.  Diluted EPS is based on the combined weighted average number of common shares outstanding and dilutive potential common shares issuable which include, where appropriate, the assumed exercise of options. In computing diluted EPS we have utilized the treasury stock method.

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted earnings per share (“EPS”) is shown below.

Earnings Per Share:
           
   
Three Months Ended May 31,
 
   
2012
   
2011
 
             
  Net earnings applicable to common shareholders
  $ 350,200     $ 300,200  
                 
Shares:
               
                 
  Weighted average shares outstanding - basic
    3,918,280       3,897,129  
  Assumed exercise of options
    -       1,897  
                 
  Weighted average shares outstanding - diluted
    3,918,280       3,899,026  
                 
Basic Earnings Per Share
  $ 0.09     $ 0.08  
Diluted Earnings Per Share
  $ 0.09     $ 0.08  

In April 2008, our Board of Directors authorized us to purchase up to 500,000 additional shares of our common stock under a plan initiated in 1998. This plan has no expiration date. During the first quarter of fiscal year 2013, we repurchased 10,200 shares of common stock.  The maximum number of shares that can be repurchased in the future is 349,909.