Note 4 - Disaggregation of Revenue

9 Months Ended

Nov. 30, 2020

Notes to Financial Statements

Disaggregation of Revenue [Text Block]

NOTE

4

– DISAGGREGATION OF REVENUE

The following table presents disaggregated revenue by method of recognition and segment:

Three Months Ended

November 30, 2020 

Revenues recognized over time under ASC

606:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Franchise fees	$	40,834	$	-	$	-	$	5,220	$	46,054

Revenues recognized at a point in time:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Factory sales		-		5,570,375		-		-		5,570,375
Retail sales		-		-		273,378		258,023		531,401
Royalty and marketing fees		892,814		-		-		188,223		1,081,037
Total	$	933,648	$	5,570,375	$	273,378	$	451,466	$	7,228,867

Three Months Ended

November 30, 2019

Revenues recognized over time under ASC

606:

 

	Franchising		Manufacturing		Retail		U-Swirl		Total
Franchise fees	$	43,331	$	-	$	-	$	38,961	$	82,292

Revenues recognized at a point in time:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Factory sales		-		5,786,303		-		-		5,786,303
Retail sales		-		-		260,002		444,296		704,298
Royalty and marketing fees		1,066,141		-		-		274,218		1,340,359
Total	$	1,109,472	$	5,786,303	$	260,002	$	757,475	$	7,913,252

Nine Months Ended

November 30, 2020

Revenues recognized over time under ASC

606:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Franchise fees	$	131,665	$	-	$	-	$	43,024	$	174,689

Revenues recognized at a point in time:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Factory sales		-		11,203,742		-		-		11,203,742
Retail sales		-		-		527,061		687,336		1,214,397
Royalty and marketing fees		2,095,912		-		-		569,966		2,665,878
Total	$	2,227,577	$	11,203,742	$	527,061	$	1,300,326	$	15,258,706

Nine Months Ended

November 30, 2019

Revenues recognized over time under ASC

606:

 

	Franchising		Manufacturing		Retail		U-Swirl		Total
Franchise fees	$	188,677	$	-	$	-	$	81,824	$	270,501

Revenues recognized at a point in time:

	Franchising		Manufacturing		Retail		U-Swirl		Total
Factory sales		-		15,874,696		-		-		15,874,696
Retail sales		-		-		758,083		1,702,473		2,460,556
Royalty and marketing fees		3,863,034		-		-		1,255,734		5,118,768
Total	$	4,051,711	$	15,874,696	$	758,083	$	3,040,031	$	23,724,521