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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Revenues        
Total revenue $ 7,228,867 $ 7,913,252 $ 15,258,706 $ 23,724,521
Costs and Expenses        
Cost of sales 4,688,011 4,956,177 10,624,790 13,309,356
Sales and marketing 382,462 434,989 1,265,471 1,426,422
General and administrative 788,717 1,529,271 4,756,735 3,504,453
Depreciation and amortization, exclusive of depreciation and amortization expense of $157,582, $147,338, $473,294 and $440,452, respectively, included in cost of sales 168,990 216,854 531,245 674,226
Costs associated with Company-owned store closures 68,558
Total costs and expenses 6,830,303 8,011,426 19,569,748 21,631,449
Income (Loss) from Operations 398,564 (98,174) (4,311,042) 2,093,072
Other Income (Expense)        
Interest expense (24,690) (2,890) (72,241) (18,775)
Interest income 3,461 7,205 14,626 23,391
Gain on insurance recovery 210,464 210,464
Debt forgiveness income 108,309 108,309
Other income, net 297,544 4,315 261,158 4,616
Income (Loss) Before Income Taxes 696,108 (93,859) (4,049,884) 2,097,688
Income Tax Provision (Benefit) 172,413 (22,222) (982,314) 539,628
Consolidated Net Income (Loss) $ 523,695 $ (71,637) $ (3,067,570) $ 1,558,060
Basic Earnings (Loss) per Common Share (in dollars per share) $ 0.09 $ (0.01) $ (0.51) $ 0.26
Diluted Earnings (Loss) per Common Share (in dollars per share) $ 0.08 $ (0.01) $ (0.51) $ 0.25
Weighted Average Common Shares Outstanding - Basic (in shares) 6,070,887 5,994,955 6,065,237 5,978,270
Dilutive Effect of Employee Stock Awards (in shares) 213,432 271,667
Weighted Average Common Shares Outstanding - Diluted (in shares) 6,284,319 5,994,955 6,065,237 6,249,937
Product [Member]        
Revenues        
Total revenue $ 6,101,776 $ 6,490,601 $ 12,418,139 $ 18,335,252
Franchise and Royalty Fees [Member]        
Revenues        
Total revenue 1,127,091 1,422,651 2,840,567 5,389,269
Franchise [Member]        
Costs and Expenses        
Costs 440,669 428,236 1,312,917 1,352,887
Retail [Member]        
Costs and Expenses        
Costs $ 361,454 $ 445,899 $ 1,010,032 $ 1,364,105