Discontinued Operations (Tables)

9 Months Ended

Nov. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Operations of Businesses Reported as Discontinued Operations

The following table discloses the results of operations of the businesses reported as discontinued operations for the nine months ended November 30, 2024 and 2023:

	For the Nine Months Ended November 30,
($'s in thousands)	2024		2023
Total Revenue	$	-	$	212
Cost of sales		-		-
Operating Expenses		-		143
Gain on disposal of assets		-		(635	)
Other expense, net		-		-
Earnings from discontinued operations before    income taxes		-		704
Income tax provision		-	-
Earnings from discontinued operations, net of tax	$	-	$	704

The following table summarizes the gain recognized during the nine months ended November 30, 2023 related to the sale of assets on May 1, 2023, as described above (amounts in thousands):

Cash proceeds from the sale of assets	$	1,749
Accounts receivable		9
Notes receivable		1,000
Total consideration received		2,758
Assets and liabilities transferred
Franchise rights		1,703
Inventory		6
Liabilities		(229	)
Net assets transferred		1,480
Costs associated with the sale of assets		643
Gain on disposal of assets	$	635