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
|