v3.22.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
May 31, 2022
May 31, 2021
Revenues    
Total revenue $ 7,826,572 $ 7,593,711
Costs and Expenses    
Cost of sales 4,723,455 4,546,597
Sales and marketing 528,009 412,657
General and administrative 1,631,223 844,821
Depreciation and amortization, exclusive of depreciation and amortization expense of $159,706, $151,899, respectively, included in cost of sales 127,478 148,015
Total costs and expenses 7,975,909 6,947,807
Income (Loss) from Operations (149,337) 645,904
Other Income    
Interest Income 2,641 4,571
Gain on insurance recovery 0 167,123
Other income, net 2,641 171,694
Income (Loss) Before Income Taxes (146,696) 817,598
Income Tax Provision (Benefit) (31,755) 237,793
Consolidated Net Income (Loss) $ (114,941) $ 579,805
Basic Earnings (Loss) per Common Share (in dollars per share) $ (0.02) $ 0.09
Diluted Earnings (Loss) per Common Share (in dollars per share) $ (0.02) $ 0.09
Weighted Average Common Shares Outstanding - Basic (in shares) 6,206,939 6,118,433
Dilutive Effect of Employee Stock Awards (in shares) 0 171,277
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,206,939 6,289,710
Product [Member]    
Revenues    
Total revenue $ 5,950,238 $ 5,830,198
Franchise and Royalty Fees [Member]    
Revenues    
Total revenue 1,876,334 1,763,513
Franchise [Member]    
Costs and Expenses    
Costs 494,212 551,650
Retail [Member]    
Costs and Expenses    
Costs $ 471,532 $ 444,067

Source