v3.24.1.1.u2
Consolidated Balance Sheets - USD ($)
Feb. 29, 2024
Feb. 28, 2023
Current Assets    
Cash and cash equivalents $ 2,082,014 $ 4,717,068
Accounts receivable, less allowance for credit losses of $331,902 and $666,315, respectively 2,183,685 2,055,694
Notes receivable, current portion, less current portion of the allowance for credit losses of $29,886 and $35,173, respectively 489,245 23,698
Refundable income taxes 45,969 344,885
Inventories 4,358,401 3,639,780
Other 443,336 340,847
Current assets held for sale 0 83,004
Total current assets 9,602,650 11,204,976
Property and Equipment, Net 7,757,655 5,710,739
Other Assets    
Notes receivable, less current portion and allowance for credit losses of $0 and $38,778, respectively 695,432 94,076
Goodwill 575,608 575,608
Intangible assets, net 237,897 265,927
Lease right of use asset 1,693,970 2,355,601
Other 14,006 14,054
Long-term assets held for sale 0 1,765,846
Total other assets 3,216,913 5,071,112
Total Assets 20,577,218 21,986,827
Current Liabilities    
Accounts payable 3,409,892 2,189,760
Line of credit 1,250,000 0
Accrued salaries and wages 1,832,851 978,606
Gift card liabilities 624,335 592,932
Other accrued expenses 300,862 162,346
Contract liabilities 150,494 161,137
Lease liability 503,362 746,506
Current liabilities held for sale 0 178,939
Total current liabilities 8,071,796 5,010,226
Lease Liability, Less Current Portion 1,191,109 1,640,017
Contract Liabilities, Less Current Portion 678,154 782,278
Long-term liabilities - held for sale 0 184,142
Total Liabilities 9,941,059 7,616,663
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $.001 par value per share;250,000 authorized; 0 shares issued and outstanding 0 0
Common stock, $.001 par value, 46,000,000 shares authorized, 6,310,543 shares and 6,257,137 shares issued and outstanding, respectively 6,306 6,257
Additional paid-in capital 9,895,704 9,457,875
Retained earnings 734,149 4,906,032
Total stockholders' equity 10,636,159 14,370,164
Total Liabilities and Stockholders' Equity $ 20,577,218 $ 21,986,827

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