Note 8 - Goodwill and Intangible Assets

6 Months Ended

Aug. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 8 – GOODWILL AND INTANGIBLE ASSETS

Intangible assets consist of the following:

					August 31, 2013				February 28, 2013
	Amortization Period (years)				Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Store design			10		$	220,777	$	205,585		205,777		205,142
Packaging licenses		3	-	5		120,830		120,830		120,830		120,830
Packaging design			10			430,973		430,973		430,973		430,973
Total						772,581		757,388		757,580		756,945
Intangible assets not subject to amortization
Franchising segment-
Company stores goodwill						1,099,328		267,020		1,099,328		267,020
Franchising goodwill						295,000		197,682		295,000		197,682
Manufacturing segment-Goodwill						295,000		197,682		295,000		197,682
Trademark						20,000		-		20,000		-
Total Goodwill						1,709,328		662,384		1,709,328		662,384
Franchise Rights						800,000		-		800,000		-
Total intangible assets					$	3,281,908	$	1,419,772		3,266,908		1,419,329

Amortization expense related to intangible assets totaled $443 and $4,988 during the six months ended August 31, 2013 and 2012, respectively. The decrease in amortization expense is primarily the result of some assets becoming fully amortized and Aspen Leaf Yogurt assets being sold. As of August 31, 2013 $15,193 net intangible assets subject to amortization remained to be amortized through fiscal year 2024.