| Goodwill and Intangible Assets Disclosure [Text Block] |
NOTE 7 – GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets consist of the following:
| | | | | | | | November 30, 2021 | | | February 28, 2021 | |
| | | Amortization Period (in years) | | | Gross Carrying Value | | | Accumulated Amortization | | | Gross Carrying Value | | | Accumulated Amortization | |
| Intangible assets subject to amortization | | | | | | | | | | | | | | | | | | | | | |
| Store design | | | 10 | | | | $ | 394,826 | | | $ | 235,683 | | | $ | 394,826 | | | $ | 221,504 | |
| Packaging licenses | | 3 | - | 5 | | | | 120,830 | | | | 120,830 | | | | 120,830 | | | | 120,830 | |
| Packaging design | | | 10 | | | | | 430,973 | | | | 430,972 | | | | 430,973 | | | | 430,973 | |
| Trademark/Non-competition agreements | | 5 | - | 20 | | | | 556,339 | | | | 351,349 | | | | 556,339 | | | | 333,715 | |
| Franchise rights | | | 20 | | | | | 5,979,637 | | | | 3,791,146 | | | | 5,979,637 | | | | 3,459,873 | |
| Total | | | $ | 7,482,605 | | | $ | 4,929,980 | | | $ | 7,482,605 | | | $ | 4,566,895 | |
| Goodwill and intangible assets not subject to amortization | | | | | | | | | | | | | | | | | |
| Franchising segment | | | | | | | | | | | | | | | | | | | | | |
| Company stores goodwill | | | | | | | $ | 515,065 | | | | | | | $ | 515,065 | | | | | |
| Franchising goodwill | | | | | | | | 97,318 | | | | | | | | 97,318 | | | | | |
| Manufacturing segment-goodwill | | | | | | | | 97,318 | | | | | | | | 97,318 | | | | | |
| Trademark | | | | | | | | 20,000 | | | | | | | | 20,000 | | | | | |
| Total | | | | 729,701 | | | | | | | | 729,701 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
| Total Goodwill and Intangible Assets | | | $ | 8,212,306 | | | $ | 4,929,980 | | | $ | 8,212,306 | | | $ | 4,566,895 | |
Amortization expense related to intangible assets totaled $120,873 and $363,085 during the three and nine months ended November 30, 2021 compared to $137,050 and $428,411 during the three and nine months ended November 30, 2020, respectively.
At November 30, 2021, annual amortization of intangible assets, based upon the Company’s existing intangible assets and current useful lives, is estimated to be the following:
| 2022 | | | 120,873 | |
| 2023 | | | 409,393 | |
| 2024 | | | 346,672 | |
| 2025 | | | 294,427 | |
| 2026 | | | 251,342 | |
| Thereafter | | | 1,129,918 | |
| Total | | $ | 2,552,625 | |
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