Operating Segments

9 Months Ended

Nov. 30, 2024

Segment Reporting [Abstract]

Operating segments

NOTE 13 - OPERATING SEGMENTS

The Company classifies its business interests into three reportable segments: Franchising, Manufacturing and Retail Stores, which is the basis upon which the Company’s chief operating decision maker, the chief executive officer, evaluates the Company’s performance. The Company evaluates performance and allocates resources based on operating contribution, which excludes unallocated corporate general and administrative costs and income tax expense or benefit. The Company’s reportable segments are strategic businesses that utilize common merchandising, distribution, and marketing functions, as well as common information systems and corporate administration. All inter-segment sales prices are market based. Each segment is managed separately because of the differences in required infrastructure and the differences in products and services:

Three Months Ended
November 30, 2024
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	1,174	$	6,640		$	360	$	-		$	8,174
Intersegment revenues		-		(281	)		-		-			(281	)
Revenue from external customers		1,174		6,359			360		-			7,893
Segment profit (loss)		376		388			74		(1,685	)		(847	)
Total assets		1,134		15,619			509		4,372			21,634
Capital expenditures		-		488			-		119			607
Total depreciation & amortization	$	11	$	215		$	2	$	46			274

Three Months Ended
November 30, 2023
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	1,276	$	6,394		$	364	$	-		$	8,034
Intersegment revenues	-			(337	)		-		-			(337	)
Revenue from external customers		1,276		6,057			364	-				7,697
Segment profit (loss)		300		287			30		(1,374	)		(757	)
Total assets		1,155		12,714			493		6,918			21,280
Capital expenditures		21		1,135			-		128			1,284
Total depreciation & amortization	$	7	$	189		$	2	$	25		$	223

Nine Months Ended
November 30, 2024
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	3,764	$	16,552		$	1,076	$	-		$	21,392
Intersegment revenues		-		(712	)		-		-			(712	)
Revenue from external customers		3,764		15,840			1,076		-			20,680
Segment profit (loss)		1,123		(136	)		162		(4,376	)		(3,227	)
Total assets		1,134		15,619			509		4,372			21,634
Capital expenditures		-		1,453			-		695			2,148
Total depreciation & amortization	$	28	$	607		$	8	$	98		$	741

Nine Months Ended
November 30, 2023
($'s in thousands)	Franchising		Manufacturing			Retail		Unallocated			Total
Total revenues	$	4,238	$	16,386		$	864	$	-		$	21,488
Intersegment revenues		-		(797	)		-		-			(797	)
Revenue from external customers		4,238		15,589			864		-			20,691
Segment profit (loss)		1,267		422			60		(5,032	)		(3,283	)
Total assets		1,155		12,714			493		6,918			21,280
Capital expenditures		53		2,166			20		378			2,617
Total depreciation & amortization	$	23	$	545		$	5	$	67		$	640