Note 13 - Goodwill and Intangible Assets

12 Months Ended

Feb. 28, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 13 – GOODWILL AND INTANGIBLE ASSETS

Intangible assets consist of the following at February 28 or 29:

			2014				2013
	Amortization Period (Years)		Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Store design		10		220,778		206,652		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
Trademark/Non-competition agreement		5-20		593,340		5,283		-		-
Total				1,365,921		763,738		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				3,464,500		197,682		295,000		197,682
Manufacturing segment-Goodwill				295,000		197,682		295,000		197,682
Trademark				20,000		-		20,000		-
Total Goodwill				4,878,828		662,384		1,709,328		662,384
Franchise Rights		20		6,580,034		90,786		800,000		-
Total intangible assets			$	12,824,783	$	1,516,908	$	3,266,908	$	1,419,329

Amortization expense related to intangible assets totaled $97,578, $8,316, and $43,744 during the fiscal year ended February 28 or 29, 2014, 2013 and 2012, respectively.

At February 28, 2014, annual amortization of intangible assets, based upon our existing intangible assets and current useful lives, is estimated to be the following:

2015	$	434,188
2016		417,807
2017		461,182
2018		483,501
2019		493,328
Thereafter		4,801,425
Total	$	7,091,431