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 |
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount (to the extent disclosed within this portion of the income statement) by which an insurance settlement exceeds incremental costs incurred from the event causing an interruption of business, plus the insurance award for earnings lost from the event, such as a natural catastrophe, explosion or fire. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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