v3.23.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
Revenues      
Total revenue $ 30,432,352 $ 29,488,548 $ 21,763,181
Costs and Expenses      
Cost of sales 20,455,373 18,610,739 15,798,557
Sales and marketing 2,060,215 1,474,807 1,623,173
General and administrative 10,325,633 7,456,314 4,938,095
Depreciation and amortization, exclusive of depreciation and amortization expense of $646,394, $620,798, and $625,526, respectively, included in cost of sales 118,869 119,377 152,921
Costs associated with Company-owned store closures 0 0 57,100
Total costs and expenses 35,323,355 30,183,070 24,492,214
Loss from Operations (4,891,003) (694,522) (2,729,033)
Other Income (Expense)      
Interest expense (10,431) 0 (93,897)
Interest income 26,921 10,870 16,982
Gain on insurance recovery 0 167,123 210,464
Paycheck Protection Program 0 0 1,440,267
Other income (expense), net 16,490 177,993 1,573,816
Loss Before Income Taxes (4,874,513) (516,529) (1,155,217)
Income Tax Provision 613,843 (16,812) (745,495)
Net Loss from Continuing Operations (5,488,356) (499,717) (409,722)
Earnings (loss) from discontinued operations, net of tax (192,422) 158,020 (490,055)
Consolidated Net Loss $ (5,680,778) $ (341,697) $ (899,777)
Basic Loss per Common Share      
Loss from continuing operations (in dollars per share) $ (0.88) $ (0.08) $ (0.07)
Earnings (loss) from discontinued operations (in dollars per share) (0.03) 0.02 (0.08)
Net Earnings (in dollars per share) (0.91) (0.06) (0.15)
Diluted Loss per Common Share      
Loss from continuing operations (in dollars per share) (0.88) (0.08) (0.07)
Earnings (loss) from discontinued operations (in dollars per share) (0.03) 0.02 (0.08)
Net Earnings (in dollars per share) $ (0.91) $ (0.06) $ (0.15)
Weighted Average Common Shares Outstanding - Basic (in shares) 6,226,279 6,140,687 6,067,461
Dilutive Effect of Employee Stock Awards (in shares) 0 0 0
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,226,279 6,140,687 6,067,461
Product [Member]      
Revenues      
Total revenue $ 24,456,910 $ 23,534,470 $ 18,217,794
Franchise and Royalty Fees [Member]      
Revenues      
Total revenue 5,975,442 5,954,078 3,545,387
Franchise [Member]      
Costs and Expenses      
Costs 1,825,783 1,914,944 1,443,807
Retail [Member]      
Costs and Expenses      
Costs $ 537,482 $ 606,889 $ 478,561

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