v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2023
Aug. 31, 2022
Revenues        
Total revenue $ 6,557,879 $ 6,557,356 $ 12,993,864 $ 13,459,554
Costs and Expenses        
Cost of sales 4,632,391 3,889,587 9,390,885 8,415,908
Sales and marketing 442,245 427,850 915,136 908,909
General and administrative 1,687,142 4,036,788 3,619,045 5,642,655
Depreciation and amortization, exclusive of depreciation and amortization expense of $182,731, $160,767, $353,587 and $320,472, respectively, included in cost of sales 31,638 28,757 62,867 57,944
Total costs and expenses 7,568,608 8,982,859 15,545,679 16,202,651
Loss from Operations (1,010,729) (2,425,503) (2,551,815) (2,743,097)
Other Income        
Interest Expense (6,258) 0 (12,517)
Interest Income 17,690 3,857 37,768 6,498
Other income, net 11,432 3,857 25,251 6,498
Loss Before Income Taxes (999,297) (2,421,646) (2,526,564) (2,736,599)
Income Tax Provision 0 730,845 0 701,659
Net Income (Loss) from Continuing Operations (999,297) (3,152,491) (2,526,564) (3,438,258)
Discontinued Operations        
Earnings (loss) from discontinued operations, net of tax 0 (488,695) 69,044 (317,869)
Gain on disposal of discontinued operations, net of tax 0 0 634,790 0
Earnings (loss) from discontinued operations, net of tax 0 (488,695) 703,834 (317,869)
Consolidated Net Loss $ (999,297) $ (3,641,186) $ (1,822,730) $ (3,756,127)
Basic Earnings (Loss) per Common Share        
Loss from continuing operations (in dollars per share) $ (0.16) $ (0.51) $ (0.40) $ (0.55)
Earnings (loss) from discontinued operations (in dollars per share) 0 (0.08) 0.11 (0.05)
Net loss (in dollars per share) (0.16) (0.59) (0.29) (0.60)
Diluted Earnings (Loss) per Common Share        
Loss from continuing operations (in dollars per share) (0.16) (0.51) (0.40) (0.55)
Earnings (loss) from discontinued operations (in dollars per share) 0 (0.08) 0.11 (0.05)
Net loss (in dollars per share) $ (0.16) $ (0.59) $ (0.29) $ (0.60)
Weighted Average Common Shares Outstanding - Basic (in shares) 6,293,078 6,215,186 6,284,846 6,211,815
Dilutive Effect of Employee Stock Awards (in shares) 0 0 0 0
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,293,078 6,215,186 6,284,846 6,211,815
Product [Member]        
Revenues        
Total revenue $ 5,015,993 $ 5,071,393 $ 10,032,040 $ 10,479,413
Franchise and Royalty Fees [Member]        
Revenues        
Total revenue 1,541,886 1,485,963 2,961,824 2,980,141
Franchise [Member]        
Costs and Expenses        
Costs 613,409 448,732 1,292,982 867,816
Retail [Member]        
Costs and Expenses        
Costs $ 161,783 $ 151,145 $ 264,764 $ 309,419

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