v3.23.4
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
Revenues        
Total revenue $ 7,697,401 $ 8,825,093 $ 20,691,265 $ 22,284,647
Costs and Expenses        
Cost of sales 5,768,598 5,727,348 15,159,483 14,143,256
Sales and marketing 571,910 572,961 1,487,046 1,481,870
General and administrative 1,333,216 2,080,611 4,952,261 7,723,266
Depreciation and amortization, exclusive of depreciation and amortization expense of $187,523, $160,006, $541,110 and $480,479, respectively, included in cost of sales 35,954 28,991 98,821 86,935
Total costs and expenses 8,472,759 9,024,312 24,018,438 25,226,963
Loss from Operations (775,358) (199,219) (3,327,173) (2,942,316)
Other Income        
Interest Expense (11,386) (4,172) (23,903) (4,172)
Interest Income 30,026 7,234 67,794 13,732
Other income, net 18,640 3,062 43,891 9,560
Loss Before Income Taxes (756,718) (196,157) (3,283,282) (2,932,756)
Income Tax Provision 0 0 0 701,659
Net Income (Loss) from Continuing Operations (756,718) (196,157) (3,283,282) (3,634,415)
Discontinued Operations        
Earnings (loss) from discontinued operations, net of tax 0 (15,822) 69,044 (333,691)
Gain on disposal of discontinued operations, net of tax 0 0 634,790 0
Earnings (loss) from discontinued operations, net of tax 0 (15,822) 703,834 (333,691)
Consolidated Net Loss $ (756,718) $ (211,979) $ (2,579,448) $ (3,968,106)
Basic Earnings (Loss) per Common Share        
Loss from continuing operations (in dollars per share) $ (0.12) $ (0.03) $ (0.51) $ (0.58)
Earnings (loss) from discontinued operations (in dollars per share) 0 (0) 0.11 (0.05)
Net loss (in dollars per share) (0.12) (0.03) (0.4) (0.63)
Diluted Earnings (Loss) per Common Share        
Loss from continuing operations (in dollars per share) (0.12) (0.03) (0.51) (0.57)
Earnings (loss) from discontinued operations (in dollars per share) 0 (0) 0.11 (0.05)
Net loss (in dollars per share) $ (0.12) $ (0.03) $ (0.4) $ (0.62)
Weighted Average Common Shares        
Outstanding - Basic (in shares) 6,302,159 6,227,002 6,290,575 6,219,362
Dilutive Effect of Employee        
Stock Awards (in shares) 0 0 0
Weighted Average Common Shares - Diluted        
Outstanding - Diluted (in shares) 6,302,159 6,227,002 6,290,575 6,219,362
Product [Member]        
Revenues        
Total revenue $ 6,421,701 $ 7,586,534 $ 16,453,741 $ 18,065,947
Franchise and Royalty Fees [Member]        
Revenues        
Total revenue 1,275,700 1,238,559 4,237,524 4,218,700
Franchise [Member]        
Costs and Expenses        
Costs 576,833 476,566 1,869,815 1,344,382
Retail [Member]        
Costs and Expenses        
Costs $ 186,248 $ 137,835 $ 451,012 $ 447,254

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