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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Aug. 31, 2020
Feb. 29, 2020
Current Assets    
Cash and cash equivalents $ 5,923,707 $ 4,822,071
Accounts receivable, less allowance for doubtful accounts of $1,812,680 and $638,907, respectively 2,917,061 4,049,959
Notes receivable, current portion, less current portion of the valuation allowance of $50,661 and $0, 111,933 160,700
Refundable income taxes 418,390 418,319
Inventories, net 5,726,426 3,750,978
Other 390,259 409,703
Total current assets 15,487,776 13,611,730
Property and Equipment, Net 5,533,901 5,938,013
Other Assets    
Notes receivable, less current portion and valuation allowance of $149,339 and $0, respectively 99,059 289,515
Goodwill, net 729,701 1,046,944
Franchise rights, net 2,783,727 3,047,688
Intangible assets, net 411,040 498,393
Deferred income taxes 1,784,806 630,078
Lease right of use asset 2,301,165 2,698,765
Other 56,264 56,262
Total other assets 8,165,762 8,267,645
Total Assets 29,187,439 27,817,388
Current Liabilities    
Current maturities of long term debt 847,731
Line of credit 3,448,165
Accounts payable 3,020,604 2,241,506
Accrued salaries and wages 695,695 716,860
Gift card liabilities 575,310 609,842
Other accrued expenses 442,337 316,751
Dividend payable 722,344
Contract liabilities 187,269 195,658
Lease liability 777,123 803,861
Total current liabilities 9,994,234 5,606,822
Lease Liability, Less Current Portion 1,557,719 1,894,904
Long-Term Debt, Less Current Portion 694,575
Contract Liabilities, Less Current Portion 889,228 960,151
Commitments and Contingencies
Stockholders' Equity    
Preferred stock
Common stock, $.001 par value, 46,000,000 shares authorized, 6,067,461 shares and 6,019,532 shares issued and outstanding, respectively 6,068 6,020
Additional paid-in capital 7,747,320 7,459,931
Retained earnings 8,298,295 11,889,560
Total stockholders' equity 16,051,683 19,355,511
Total Liabilities and Stockholders' Equity 29,187,439 27,817,388
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock
Undesignated Series [Member]    
Stockholders' Equity    
Preferred stock