Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Nov. 30, 2021 |
Nov. 30, 2020 |
Nov. 30, 2021 |
Nov. 30, 2020 |
|
| Revenues | ||||
| Total revenue | $ 8,507,634 | $ 7,228,867 | $ 24,027,422 | $ 15,258,706 |
| Costs and Expenses | ||||
| Cost of sales | 5,200,749 | 4,688,011 | 13,819,428 | 10,624,790 |
| Sales and marketing | 377,231 | 382,462 | 1,195,823 | 1,265,471 |
| General and administrative | 3,865,912 | 788,717 | 6,575,037 | 4,756,735 |
| Depreciation and amortization, exclusive of depreciation and amortization expense of $155,170, $157,582, $464,767 and $473,294, respectively, included in cost of sales | 143,612 | 168,990 | 440,205 | 531,245 |
| Costs associated with Company-owned store closures | 0 | 0 | 0 | 68,558 |
| Total costs and expenses | 10,466,342 | 6,830,303 | 25,082,401 | 19,569,748 |
| Income (Loss) from Operations | (1,958,708) | 398,564 | (1,054,979) | (4,311,042) |
| Other Income (Expense) | ||||
| Interest Expense | 0 | (24,690) | 0 | (72,241) |
| Interest Income | 2,195 | 3,461 | 9,348 | 14,626 |
| Gain on insurance recovery | 0 | 210,464 | 167,123 | 210,464 |
| Debt forgiveness income | 0 | 108,309 | 0 | 108,309 |
| Other income (expense), net | 2,195 | 297,544 | 176,471 | 261,158 |
| Income (Loss) Before Income Taxes | (1,956,513) | 696,108 | (878,508) | (4,049,884) |
| Income Tax Provision (Benefit) | (478,867) | 172,413 | (177,600) | (982,314) |
| Consolidated Net Income (Loss) | $ (1,477,646) | $ 523,695 | $ (700,908) | $ (3,067,570) |
| Basic Earnings (Loss) per Common Share (in dollars per share) | $ (0.24) | $ 0.09 | $ (0.11) | $ (0.51) |
| Diluted Earnings (Loss) per Common Share (in dollars per share) | $ (0.24) | $ 0.08 | $ (0.11) | $ (0.51) |
| Weighted Average Common Shares Outstanding - Basic (in shares) | 6,141,507 | 6,070,887 | 6,127,884 | 6,065,237 |
| Dilutive Effect of Employee Stock Awards (in shares) | 0 | 213,432 | 0 | 0 |
| Weighted Average Common Shares Outstanding - Diluted (in shares) | 6,141,507 | 6,284,319 | 6,127,884 | 6,065,237 |
| Product [Member] | ||||
| Revenues | ||||
| Total revenue | $ 7,012,429 | $ 6,101,776 | $ 18,786,654 | $ 12,418,139 |
| Franchise and Royalty Fees [Member] | ||||
| Revenues | ||||
| Total revenue | 1,495,205 | 1,127,091 | 5,240,768 | 2,840,567 |
| Franchise [Member] | ||||
| Costs and Expenses | ||||
| Costs | 458,518 | 440,669 | 1,747,348 | 1,312,917 |
| Retail [Member] | ||||
| Costs and Expenses | ||||
| Costs | $ 420,320 | $ 361,454 | $ 1,304,560 | $ 1,010,032 |