Consolidated Statements of Income - USD ($)
12 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 28, 2018
Revenues      
Total revenues $ 31,849,796 $ 34,545,447 $ 38,074,695
Costs and Expenses      
Cost of sales 18,214,896 20,599,551 21,176,711
Sales and marketing 1,922,650 2,210,800 2,489,483
General and administrative 5,735,971 3,432,618 3,904,560
Depreciation and amortization, exclusive of depreciation and amortization expense of $597,430, $555,926, and $523,034, respectively, included in cost of sales 895,395 1,153,873 796,221
Costs associated with Company-owned store closures 15,400 226,981
Total costs and expenses 30,458,186 31,539,495 32,853,826
Income from Operations 1,391,610 3,005,952 5,220,869
Other Income (Expense)      
Interest expense (19,016) (70,787) (121,244)
Interest income 29,738 20,496 24,578
Other income (expense), net 10,722 (50,291) (96,666)
Income Before Income Taxes 1,402,332 2,955,661 5,124,203
Income Tax Provision 368,500 716,862 2,160,295
Consolidated Net Income $ 1,033,832 $ 2,238,799 $ 2,963,908
Basic Earnings per Common Share (in dollars per share) $ 0.17 $ 0.38 $ 0.50
Diluted Earnings per Common Share (in dollars per share) $ 0.17 $ 0.37 $ 0.50
Weighted Average Common Shares Outstanding - Basic (in shares) 5,986,371 5,931,431 5,884,337
Dilutive Effect of Employee Stock Awards (in shares) 268,972 51,207 96,099
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,255,343 5,982,638 5,980,436
Product [Member]      
Revenues      
Total revenues $ 24,718,968 $ 27,563,794 $ 30,167,760
Franchise and Royalty Fees [Member]      
Revenues      
Total revenues 7,130,828 6,981,653 7,906,935
Franchise [Member]      
Costs and Expenses      
Costs 1,882,185 1,980,781 2,097,555
Retail [Member]      
Costs and Expenses      
Costs $ 1,791,689 $ 1,934,891 $ 2,389,296