Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
Feb. 28, 2019
Current Assets    
Cash and cash equivalents $ 4,822,071 $ 5,384,027
Accounts receivable, less allowance for doubtful accounts of $638,907 and $489,502, respectively 4,049,959 3,993,262
Notes receivable, current portion 160,700 110,162
Refundable income taxes 418,319 190,201
Inventories 3,750,978 4,270,357
Other 409,703 318,126
Total current assets 13,611,730 14,266,135
Property and Equipment, Net 5,938,013 5,786,139
Other Assets    
Notes receivable, less current portion 289,515 281,669
Goodwill, net 1,046,944 1,046,944
Franchise rights, net 3,047,688 3,678,920
Intangible assets, net 498,393 498,337
Deferred income taxes 630,078 607,421
Lease right of use asset 2,698,765
Other 56,262 56,576
Total other assets 8,267,645 6,169,867
Total Assets 27,817,388 26,222,141
Current Liabilities    
Current maturities of long term debt 1,176,488
Accounts payable 2,241,506 897,074
Accrued salaries and wages 716,860 655,853
Gift card liabilities 609,842 742,289
Other accrued expenses 316,751 293,094
Dividend payable 722,344 714,939
Contract liabilities 195,658 256,094
Lease liability 803,861
Total current liabilities 5,606,822 4,735,831
Lease Liability, Less Current Portion 1,894,904
Contract Liabilities, Less Current Portion 960,151 1,096,478
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $.001 par value per share; 250,000 authorized; -0- shares issued and outstanding Series A Junior Participating Preferred Stock; 50,000 authorized; -0- shares issued and outstanding
Common stock, $.001 par value, 46,000,000 shares authorized, 6,019,532 shares and 5,957,827 shares issued and outstanding, respectively 6,020 5,958
Additional paid-in capital 7,459,931 6,650,864
Retained earnings 11,889,560 13,733,010
Total stockholders' equity 19,355,511 20,389,832
Total Liabilities and Stockholders' Equity $ 27,817,388 $ 26,222,141