| Significant Accounting Policies | NOTE 2: SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents - Consolidation Earnings Per Share - Equipment, Furnishings and Leasehold Improvements Fair Value of Financial Instruments - Level 1: Quoted prices in active markets. Level 2: Observable market-based
inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs for which
there is little or no market data, which require the use of the reporting entity’s own assumptions. The fair values of financial assets
of the Company were determined using the following categories at May 31, 2019 and February 28, 2019, respectively:
Quoted Prices in Active
Markets
(Level
1)
May 31, February 28,
Marketable Securities $ 3,779,187 $ 2,365,706 Marketable Securities include mutual
funds, certificates of deposit and US Treasury securities, totaling $3,779,187 and $2,365,706 as of May 31, 2019, and February
28, 2019, respectively, that are considered to be highly liquid and easily tradeable. These securities are valued using inputs
observable in active markets for identical securities and are therefore classified as Level 1 within the Company’s fair
value hierarchy. The Company’s marketable securities are considered to be available-for-sale investments as defined under
ASC 320 “Investments – Debt and Equity Securities.” Income Taxes Intangible Assets - Interim Reporting The financial information reflects all adjustments, normal and recurring, which,
in the opinion of management, are necessary for a fair presentation of the results for the interim periods presented. The preparation
of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates. The results for such interim periods are not necessarily indicative of the results to be expected for the
year. Inventories - Land and Buildings – Long-Lived Assets - Management Estimates - Marketable Securities - New Accounting Pronouncements - In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), to increase transparency
and comparability among organizations by recognizing a right-of-use asset and a lease liability on the balance sheet for all leases
with terms longer than 12 months. Leases will be classified as either operating or financing, with such classification affecting
the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years and interim periods within
those years beginning after December 15, 2018, and early adoption was permitted. The adoption of ASU 2016-02 had no material impact
on the Company’s financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive
Income (Topic 220), “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. ASU 2018-02
was issued to allow the reclassification from accumulated other comprehensive income to retained earnings for the stranded tax
effect resulting from the Tax Cuts and Jobs Act enacted on December 22, 2017. The Tax Cuts and Jobs Act, among other things, reduced
the corporate tax rate from 35% to 21%, which required the re-evaluation of any deferred tax assets and liabilities at the lowered
tax rate which potentially could leave a disproportionate tax effect in accumulated other comprehensive income. ASU 2018-02 allows
for the election to reclassify these stranded tax effects to retained earnings. ASU 2018-02 is effective for all entities for fiscal
years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption was permitted, including
adoption in any interim period for public business entities for reporting periods for which financials statements have not yet
been issued. The adoption of ASU 2018-02 had no material impact on the Company’s financial statements. Other than Accounting Standards Update (“ASU”) 2016-02 and ASU 2018-02
discussed above, all new accounting pronouncements issued but not yet effective have been deemed to be not applicable to the Company.
Hence, the adoption of these new accounting pronouncements, once effective, is not expected to have an impact on the Company. Reclassifications – |
