v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Revenues        
Total revenue $ 7,525,685 $ 7,926,077 $ 15,352,257 $ 15,519,788
Costs and Expenses        
Cost of sales 4,078,994 4,072,082 8,802,449 8,618,679
Sales and marketing 481,877 405,935 1,009,886 818,592
General and administrative 4,067,637 1,864,304 5,698,860 2,709,125
Depreciation and amortization, exclusive of depreciation and amortization expense of $160,767, $157,698, $320,473 and $309,597, respectively, included in cost of sales 127,478 148,578 254,956 296,593
Total costs and expenses 9,750,701 7,668,252 17,726,610 14,616,059
Income (Loss) from Operations (2,225,016) 257,825 (2,374,353) 903,729
Other Income        
Interest Income 3,857 2,582 6,498 7,153
Gain on insurance recovery 0 0 0 167,123
Other income, net 3,857 2,582 6,498 174,276
Income (Loss) Before Income Taxes (2,221,159) 260,407 (2,367,855) 1,078,005
Income Tax Provision 1,420,027 63,474 1,388,272 301,267
Consolidated Net Income (Loss) $ (3,641,186) $ 196,933 $ (3,756,127) $ 776,738
Basic Earnings (Loss) per Common Share (in dollars per share) $ (0.59) $ 0.03 $ (0.60) $ 0.13
Diluted Earnings (Loss) per Common Share (in dollars per share) $ (0.59) $ 0.03 $ (0.60) $ 0.12
Weighted Average Common Shares Outstanding - Basic (in shares) 6,215,186 6,123,861 6,211,815 6,121,147
Dilutive Effect of Employee Stock Awards (in shares) 0 167,591 0 169,434
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,215,186 6,291,452 6,211,815 6,290,581
Product [Member]        
Revenues        
Total revenue $ 5,604,872 $ 5,944,027 $ 11,555,110 $ 11,774,225
Franchise and Royalty Fees [Member]        
Revenues        
Total revenue 1,920,813 1,982,050 3,797,147 3,745,563
Franchise [Member]        
Costs and Expenses        
Costs 524,016 737,180 1,018,228 1,288,830
Retail [Member]        
Costs and Expenses        
Costs $ 470,699 $ 440,173 $ 942,231 $ 884,240

Source