v3.22.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2022
Feb. 28, 2022
Current Assets    
Cash and cash equivalents $ 5,989,510 $ 7,587,374
Resticted cash 1,344,813 0
Accounts receivable, less allowance for doubtful accounts of $819,183 and $870,735, respectively 1,903,781 1,967,914
Notes receivable, current portion, less current portion of the valuation allowance of $33,784 and $47,228, respectively 15,330 8,680
Refundable income taxes 565,653 736,528
Inventories 5,059,762 4,354,202
Other 547,431 343,268
Total current assets 15,426,280 14,997,966
Property and Equipment, Net 5,602,864 5,499,890
Other Assets    
Goodwill, net 729,701 729,701
Franchise rights, net 1,985,634 2,078,066
Intangible assets, net 343,769 353,685
Deferred income taxes 1,273,965 1,388,271
Lease right of use asset 2,077,230 1,771,034
Other 52,148 62,148
Total other assets 6,462,447 6,382,905
Total Assets 27,491,591 26,880,761
Current Liabilities    
Accounts payable 2,095,931 1,579,917
Accrued salaries and wages 1,962,184 2,125,430
Gift card liabilities 565,213 574,883
Other accrued expenses 216,317 239,644
Contract liabilities 198,787 195,961
Lease liability 660,812 595,897
Total current liabilities 5,699,244 5,311,732
Lease Liability, Less Current Portion 1,458,464 1,218,256
Contract Liabilities, Less Current Portion 917,301 950,847
Commitments and Contingencies
Stockholders' Equity    
Preferred stock 0 0
Common stock, $.001 par value, 46,000,000 shares authorized, 6,213,681 shares and 6,186,356 shares issued and outstanding, respectively 6,214 6,186
Additional paid-in capital 8,938,499 8,806,930
Retained earnings 10,471,869 10,586,810
Total stockholders' equity 19,416,582 19,399,926
Total Liabilities and Stockholders' Equity $ 27,491,591 $ 26,880,761

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