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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
Revenues        
Total revenue $ 8,507,634 $ 7,228,867 $ 24,027,422 $ 15,258,706
Costs and Expenses        
Cost of sales 5,200,749 4,688,011 13,819,428 10,624,790
Sales and marketing 377,231 382,462 1,195,823 1,265,471
General and administrative 3,865,912 788,717 6,575,037 4,756,735
Depreciation and amortization, exclusive of depreciation and amortization expense of $155,170, $157,582, $464,767 and $473,294, respectively, included in cost of sales 143,612 168,990 440,205 531,245
Costs associated with Company-owned store closures 0 0 0 68,558
Total costs and expenses 10,466,342 6,830,303 25,082,401 19,569,748
Income (Loss) from Operations (1,958,708) 398,564 (1,054,979) (4,311,042)
Other Income (Expense)        
Interest Expense 0 (24,690) 0 (72,241)
Interest Income 2,195 3,461 9,348 14,626
Gain on insurance recovery 0 210,464 167,123 210,464
Debt forgiveness income 0 108,309 0 108,309
Other income (expense), net 2,195 297,544 176,471 261,158
Income (Loss) Before Income Taxes (1,956,513) 696,108 (878,508) (4,049,884)
Income Tax Provision (Benefit) (478,867) 172,413 (177,600) (982,314)
Consolidated Net Income (Loss) $ (1,477,646) $ 523,695 $ (700,908) $ (3,067,570)
Basic Earnings (Loss) per Common Share (in dollars per share) $ (0.24) $ 0.09 $ (0.11) $ (0.51)
Diluted Earnings (Loss) per Common Share (in dollars per share) $ (0.24) $ 0.08 $ (0.11) $ (0.51)
Weighted Average Common Shares Outstanding - Basic (in shares) 6,141,507 6,070,887 6,127,884 6,065,237
Dilutive Effect of Employee Stock Awards (in shares) 0 213,432 0 0
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,141,507 6,284,319 6,127,884 6,065,237
Product [Member]        
Revenues        
Total revenue $ 7,012,429 $ 6,101,776 $ 18,786,654 $ 12,418,139
Franchise and Royalty Fees [Member]        
Revenues        
Total revenue 1,495,205 1,127,091 5,240,768 2,840,567
Franchise [Member]        
Costs and Expenses        
Costs 458,518 440,669 1,747,348 1,312,917
Retail [Member]        
Costs and Expenses        
Costs $ 420,320 $ 361,454 $ 1,304,560 $ 1,010,032