XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Nov. 30, 2020
Feb. 29, 2020
Current Assets    
Cash and cash equivalents $ 7,270,921 $ 4,822,071
Accounts receivable, less allowance for doubtful accounts of $1,752,900 and $638,907, respectively 2,339,217 4,049,959
Notes receivable, current portion, less current portion of the valuation allowance of $55,751 and $0 88,873 160,700
Refundable income taxes 421,571 418,319
Inventories, net 4,905,815 3,750,978
Other 308,268 409,703
Total current assets 15,334,665 13,611,730
Property and Equipment, Net 5,270,086 5,938,013
Other Assets    
Notes receivable, less current portion and valuation allowance of $67,743 and $0, respectively 98,150 289,515
Goodwill, net 729,701 1,046,944
Franchise rights, net 2,651,745 3,047,688
Intangible assets, net 405,972 498,393
Deferred income taxes 1,620,207 630,078
Lease right of use asset 2,114,224 2,698,765
Other 56,264 56,262
Total other assets 7,676,263 8,267,645
Total Assets 28,281,014 27,817,388
Current Liabilities    
Current maturities of long term debt 948,968
Line of credit 3,448,165
Accounts payable 1,802,307 2,241,506
Accrued salaries and wages 667,602 716,860
Gift card liabilities 572,098 609,842
Other accrued expenses 381,847 316,751
Dividend payable 722,344
Contract liabilities 194,095 195,658
Lease liability 740,486 803,861
Total current liabilities 8,755,568 5,606,822
Lease Liability, Less Current Portion 1,408,258 1,894,904
Long-Term Debt, Less Current Portion 488,895
Contract Liabilities, Less Current Portion 940,716 960,151
Commitments and Contingencies
Stockholders' Equity    
Preferred stock
Common stock, $.001 par value, 46,000,000 shares authorized, 6,070,925 shares and 6,019,532 shares issued and outstanding, respectively 6,071 6,020
Additional paid-in capital 7,859,516 7,459,931
Retained earnings 8,821,990 11,889,560
Total stockholders' equity 16,687,577 19,355,511
Total Liabilities and Stockholders' Equity 28,281,014 27,817,388
Series A Preferred Stock [Member]    
Stockholders' Equity    
Preferred stock
Undesignated Series [Member]    
Stockholders' Equity    
Preferred stock