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LEASES (Tables) | 12 Months Ended
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Feb. 28, 2023
Disclosure Text Block [Abstract] |
Lease, Cost [Table Text Block] | We recognize a lease liability, reported in other liabilities on the balance sheets, for each lease based on the present value of remaining minimum fixed rental payments (which includes payments under any renewal option that we are reasonably certain to exercise), using a discount rate that approximates the rate of interest we would have to pay to borrow on a collateralized basis over a similar term. We also recognize a right-of-use asset, reported in other assets on the balance sheets, for each lease, valued at the lease liability and adjusted for prepaid or accrued rent balances existing at the time of initial recognition. The lease liability and right-of-use asset are reduced over the term of the lease as payments are made and the assets are used.
|  | February 28, |
|  | 2023 |  |  | 2022 |
Operating lease assets: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 823,600 |  |  | $ | 495,800 |
Operating lease liabilities: |  |  |  |  |  |  |  |
Current lease liabilities |  | $ | 347,800 |  |  | $ | 111,000 |
Long-term lease liabilities |  | $ | 475,800 |  |  | $ | 384,800 |
Weighted-average remaining lease term (months) |  |  | 36.3 |  |  |  | 57.0 |
Weighted-average discount rate |  |  | 4.01 | % |  |  | 3.06 | %
|  | February 28, |
|  | 2023 |  |  | 2022 |
Fixed lease costs |  | $ | 154,400 |  |  | $ | 35,300 |
|  | February 28, |
|  | 2023 |  |  | 2022 |
Operating cash flows – operating leases |  | $ | 154,400 |  |  | $ | 35,300 |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | Future minimum rental payments under operating leases with initial terms greater than one year as of February 28, 2023, are as follows:
Years ending February 28 (29), |  |  |  |
2024 |  |  | 402,700 |
2025 |  |  | 270,500 |
2026 |  |  | 122,200 |
2027 |  |  | 72,800 |
Total future minimum rental payments |  |  | 868,200 |
Less: imputed interest |  |  | (44,600 | )
Total operating lease liabilities |  | $ | 823,600 |
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block] | Future minimum payments receivable under operating leases with terms greater than one year are estimated as follows:
Years ending February 28 (29), |  |  |  |
2024 |  |  | 1,568,900 |
2025 |  |  | 1,547,100 |
2026 |  |  | 1,524,300 |
2027 |  |  | 1,554,800 |
2028 |  |  | 1,585,900 |
Thereafter |  |  | 4,950,300 |
Total |  | $ | 12,731,300 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
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