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LOSS PER SHARE

6 Months Ended

Aug. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8 – LOSS PER SHARE

Basic earnings (loss) per share (“EPS”) is computed by dividing net earnings (loss) 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 and the assumed vesting of granted restricted share awards. 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 EPS is shown below:

		Three Months Ended August 31,								Six Months Ended August 31,
		2025				2024				2025				2024
Net loss per share:
Net loss applicable to common shareholders		$	(1,294,700	)		$	(1,803,400	)		$	(2,369,900	)		$	(3,082,400	)

Weighted average shares outstanding:
Basic			8,583,201				8,272,217				8,583,201				8,269,494
Diluted			8,583,201				8,272,217				8,583,201				8,269,494

Loss per share:
Basic		$	(0.15	)		$	(0.22	)		$	(0.28	)		$	(0.37	)
Diluted		$	(0.15	)		$	(0.22	)		$	(0.28	)		$	(0.37	)

As shown in the table below, the following shares have not been included in the calculation of diluted loss per share as they would be anti-dilutive to the calculation above.

		Three Months Ended August 31,								Six Months Ended August 31,
		2025				2024				2025				2024
Weighted average shares:
Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards			-				181,030				-				160,890