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FINANCIAL INSTRUMENTS
 6 Months Ended
Aug. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]

Note 13 – FINANCIAL INSTRUMENTS

 

The following methods and assumptions are used in estimating the fair-value disclosures for financial instruments:

 

  - The carrying amounts reported on the balance sheets for cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments.
     
  - The estimated fair value of our assets held for sale was $35,550,000 as of August 31, 2025 and $37,000,000 February 28, 2025, respectively. Management’s estimates are based on the recent sale agreement for the price of the Hilti Complex less the estimated costs to sell plus an estimated value of the excess land of approximately 17 acres for $2,500,000 along with the estimated fair value of equipment held for sale of approximately $850,000.
     
  - The estimated fair value of our term notes payable is estimated by management to approximate $25,671,300 and $26,507,100 as of August 31, 2025 and February 28, 2025, respectively. Management’s estimates are based on the obligations’ characteristics, including floating interest rate, maturity, and collateral.