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8. DEBT (Tables) | 12 Months Ended
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Feb. 28, 2019
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | Debt consists of the following:
|  | February 28, |
|  | 2019 |  |  | 2018 |
Line of credit |  | $ | - |  |  | $ | - |
Long-term debt |  | $ | 19,776,600 |  |  | $ | 20,706,300 |
Less current maturities |  |  | (945,900 | ) |  |  | (881,200 | )
Long-term debt, net of current maturities |  | $ | 18,830,700 |  |  | $ | 19,825,100 |
Schedule of Long-term Debt Instruments [Table Text Block] | The Tranche B, line of credit and Term Loan #2 all accrue interest at a tiered rate based on our Adjusted Funded Debt to EBITDA ratio which is payable monthly. The current pricing tier is as follows:
Pricing Tier | Adjusted Funded Debt to EBITDA Ratio | LIBOR Margin (bps)
I | >2.00 | 325.00
II | >1.50 but <2.00 | 300.00
III | >1.00 but <1.50 | 275.00
IV | <1.00 | 250.00
Schedule of Maturities of Long-term Debt [Table Text Block] | The following table reflects aggregate future maturities of long-term debt during the next five fiscal years and thereafter as follows:
Year ending February 28 (29), |
2020 |  | $ | 945,900 |
2021 |  |  | 988,600 |
2022 |  |  | 1,038,100 |
2023 |  |  | 1,087,600 |
2024 |  |  | 1,139,500 |
Thereafter |  |  | 14,576,900 |
|  | $ | 19,776,600 |

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