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DEBT (Tables) | 12 Months Ended
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Feb. 28, 2023
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | Debt consists of the following:
|  | February 28, |
|  | 2023 |  |  | 2022 |
Line of credit |  | $ | 10,634,500 |  |  | $ | 17,723,500 |
Floating rate term loan(s) (1) |  | $ | 20,475,000 |  |  | $ | 14,651,000 |
Fixed rate term loan |  |  | 14,625,000 |  |  |  | 10,349,100 |
Total term debt |  |  | 35,100,000 |  |  |  | 25,000,100 |
Less current portion |  |  | (34,894,900 | ) |  |  | (2,542,200 | )
Less debt issue cost |  |  | (205,100 | ) |  |  | (48,400 | )
Long-term debt, net |  | $ | - |  |  | $ | 22,409,500 |
(1) The February 28, 2022 floating rate term loans balance of $14,651,000 was comprised of the MidFirst Bank advancing term loans #1 and #2. |
Schedule of Maturities of Long-Term Debt [Table Text Block] | The following table reflects aggregate current maturities of term debt, excluding the Revolving Loan, during the next fiscal years as follows:
Year ending February 29, |  |  |  |
2024 |  | $ | 35,100,000 |
Total |  | $ | 35,100,000 |

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