XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
May 31, 2021
May 31, 2020
Revenues    
Total revenue $ 7,593,711 $ 2,702,437
Costs and Expenses    
Cost of sales 4,546,597 2,883,216
Sales and marketing 412,657 474,090
General and administrative 844,821 3,179,475
Depreciation and amortization, exclusive of depreciation and amortization expense of $151,899, $157,510, respectively, included in cost of sales 148,015 185,605
Costs associated with Company-owned store closures 68,558
Total costs and expenses 6,947,807 7,531,400
Income (Loss) from Operations 645,904 (4,828,963)
Other Income (Expense)    
Interest Expense (23,562)
Interest Income 4,571 5,800
Gain on insurance recovery 167,123
Other income (expense), net 171,694 (17,762)
Income (Loss) Before Income Taxes 817,598 (4,846,725)
Income Tax Provision (Benefit) 237,793 (1,179,328)
Consolidated Net Income (Loss) $ 579,805 $ (3,667,397)
Basic Earnings (Loss) per Common Share (in dollars per share) $ 0.09 $ (0.61)
Diluted Earnings (Loss) per Common Share (in dollars per share) $ 0.09 $ (0.61)
Outstanding - Basic (in shares) 6,118,433 6,058,851
Stock Awards (in shares) 171,277
Outstanding - Diluted (in shares) 6,289,710 6,058,851
Product [Member]    
Revenues    
Total revenue $ 5,830,198 $ 2,322,211
Franchise and Royalty Fees [Member]    
Revenues    
Total revenue 1,763,513 380,226
Franchise [Member]    
Costs and Expenses    
Costs 551,650 421,245
Retail [Member]    
Costs and Expenses    
Costs $ 444,067 $ 319,211