v3.23.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
May 31, 2023
Feb. 28, 2023
Current Assets    
Cash and cash equivalents $ 5,148,832 $ 4,717,068
Accounts receivable, less allowance for doubtful accounts of $577,234 and $666,315, respectively 1,828,644 2,055,694
Notes receivable, current portion, less current portion of the valuation allowance of $41,861 and $35,173, respectively 47,654 23,698
Refundable income taxes 309,322 344,885
Inventories 2,720,561 3,639,780
Other 461,483 340,847
Current assets held for sale 0 83,004
Total current assets 10,516,496 11,204,976
Property and Equipment, Net 6,059,374 5,710,739
Other Assets    
Notes receivable, less current portion and valuation allowance of $32,090 and $38,778, respectively 1,155,072 94,076
Goodwill, net 575,608 575,608
Intangible assets, net 258,701 265,927
Lease right of use asset 2,210,242 2,355,601
Other 23,469 14,054
Long-term assets held for sale 0 1,765,846
Total other assets 4,223,092 5,071,112
Total Assets 20,798,962 21,986,827
Current Liabilities    
Accounts payable 2,006,517 2,189,760
Accrued salaries and wages 1,069,628 978,606
Gift card liabilities 586,269 592,932
Other accrued expenses 217,369 162,346
Contract liabilities 161,781 161,137
Lease liability 753,026 746,506
Current liabilities held for sale 0 178,939
Total current liabilities 4,794,590 5,010,226
Lease Liability, Less Current Portion 1,483,830 1,640,017
Contract Liabilities, Less Current Portion 772,177 782,278
Long-term liabilities - held for sale 0 184,142
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, 6,290,164 shares and 6,257,137 shares issued and outstanding, respectively 6,290 6,257
Additional paid-in capital 9,659,476 9,457,875
Retained earnings 4,082,599 4,906,032
Total stockholders' equity 13,748,365 14,370,164
Total Liabilities and Stockholders' Equity $ 20,798,962 $ 21,986,827

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