Note 4 - Disaggregation of Revenue

9 Months Ended

Nov. 30, 2023

Notes to Financial Statements

Disaggregation of Revenue [Text Block]

NOTE 4 – DISAGGREGATION OF REVENUE         

The following table presents disaggregated revenue by method of recognition and segment:

Three Months Ended November 30, 2023
Revenues recognized over time under ASC 606:
	Franchising		Production		Retail		Total
Franchise fees	$	41,033	$	-	$	-	$	41,033

Revenues recognized at a point in time:
	Franchising		Production		Retail		Total
Durango Product sales		-		6,058,117		-		6,058,117
Retail sales		-		-		363,584		363,584
Royalty and marketing fees		1,234,667		-		-		1,234,667
Total	$	1,275,700	$	6,058,117	$	363,584	$	7,697,401

Three Months Ended November 30, 2022
Revenues recognized over time under ASC 606:
	Franchising		Production		Retail		Total
Franchise fees	$	48,965	$	-	$	-	$	48,965

Revenues recognized at a point in time:
	Franchising		Production		Retail		Total
Durango Product sales		-		7,284,940		-		7,284,940
Retail sales		-		-		301,594		301,594
Royalty and marketing fees		1,189,594		-		-		1,189,594
Total	$	1,238,559	$	7,284,940	$	301,594	$	8,825,093

Nine Months Ended November 30, 2023
Revenues recognized over time under ASC 606:
	Franchising		Production		Retail		Total
Franchise fees	$	126,948	$	-	$	-	$	126,948

Revenues recognized at a point in time:
	Franchising		Production		Retail		Total
Durango Product sales		-		15,589,341		-		15,589,341
Retail sales		-		-		864,400		864,400
Royalty and marketing fees		4,110,576		-		-		4,110,576
Total	$	4,237,524	$	15,589,341	$	864,400	$	20,691,265

Nine Months Ended November 30, 2022
Revenues recognized over time under ASC 606:
	Franchising		Production		Retail		Total
Franchise fees	$	147,720	$	-	$	-	$	147,720

Revenues recognized at a point in time:
	Franchising		Production		Retail		Total
Durango Product sales		-		17,250,750		-		17,250,750
Retail sales		-		-		815,197		815,197
Royalty and marketing fees		4,070,980		-		-		4,070,980
Total	$	4,218,700	$	17,250,750	$	815,197	$	22,284,647