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Note 15 - Related Party Transactions
12 Months Ended
Feb. 28, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

NOTE 15 – RELATED PARTY TRANSACTIONS


The Company has entered into Franchise Agreements and a Development Agreement with a member of the Company’s Board of Directors. The director operates two ALY locations under the Franchise Agreements and the Development Agreement.


As of February 28, 2014, the Company had receivables of approximately $550 due from such director associated with the director’s ownership and operation of the two current ALY locations.


Our President and Chief Executive Officer has members of his immediate family with ownership interests in retail marketing businesses. These businesses have, on occasion, provided services to the Company and may provide services in the future. As of February 28, 2014, the Company had incurred expenses of $30,050 and $7,600 was recorded to accounts payable that related to these businesses. Transactions with these businesses have been immaterial to our results of operations.


U-Swirl, Inc. was owed $11,989 and $8,597 as of February 28, 2014 and 2013, respectively, from a U-Swirl franchisee that is owned and operated by the grandchildren of the Company’s Chief Marketing Officer. The corporate secretary and treasurer of the franchisee is also the Company’s corporate secretary.


As of February 28, 2014, U-Swirl, Inc. had deferred revenue of $30,000 from an area developer in which the Company’s Chief Executive Officer and Chief Operating Officer have a minority interest.