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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Revenues        
Total revenues $ 5,327,402 $ 7,385,270 $ 8,029,839 $ 15,811,269
Costs and Expenses        
Cost of sales 3,053,563 3,738,435 5,936,779 8,353,179
Sales and marketing 408,919 434,782 883,009 991,433
General and administrative 788,543 830,451 3,968,018 1,975,182
Depreciation and amortization, exclusive of depreciation and amortization expense of $158,203, $147,415, $315,712 and $293,114, respectively, included in cost of sales 176,650 225,417 362,255 457,372
Costs associated with Company-owned store closures 68,558
Total costs and expenses 5,208,045 6,140,027 12,739,445 13,620,023
Income (Loss) from Operations 119,357 1,245,243 (4,709,606) 2,191,246
Other Income (Expense)        
Interest Expense (23,989) (3,487) (47,551) (15,885)
Interest Income 5,365 6,007 11,165 16,186
Other income (expense), net (18,624) 2,520 (36,386) 301
Income (Loss) Before Income Taxes 100,733 1,247,763 (4,745,992) 2,191,547
Income Tax Provision (Benefit) 24,601 329,675 (1,154,727) 561,850
Consolidated Net Income (Loss) $ 76,132 $ 918,088 $ (3,591,265) $ 1,629,697
Basic Earnings (Loss) per Common Share (in dollars per share) $ 0.01 $ 0.15 $ (0.59) $ 0.27
Diluted Earnings (Loss) per Common Share (in dollars per share) $ 0.01 $ 0.15 $ (0.59) $ 0.26
Weighted Average Common Shares Outstanding - Basic (in shares) 6,066,034 5,977,746 6,062,443 5,970,012
Dilutive Effect of Employee Stock Awards (in shares) 219,043 279,584 275,935
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,285,077 6,257,330 6,062,443 6,245,947
Product [Member]        
Revenues        
Total revenues $ 3,994,152 $ 5,384,040 $ 6,316,363 $ 11,844,651
Franchise and Royalty Fees [Member]        
Revenues        
Total revenues 1,333,250 2,001,230 1,713,476 3,966,618
Franchise [Member]        
Costs and Expenses        
Costs 451,003 441,638 872,248 924,651
Retail [Member]        
Costs and Expenses        
Costs $ 329,367 $ 469,304 $ 648,578 $ 918,206