Note 10 - Sale or Distribution of Assets

9 Months Ended

Nov. 30, 2014

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 10 – SALE OR DISTRIBUTION OF ASSETS

During the nine months ended November 30, 2014, the Company sold one Company-owned Rocky Mountain Chocolate Factory location and four U-Swirl Company–owned cafés. These locations were sold for a combination of cash and notes receivable. Additionally, the Company began the process of closing the U-Swirl, Inc. corporate offices in Henderson, Nevada and to market for sale an additional U-Swirl Company-owned café. Associated with this asset disposal activity, the Company recorded the following in the nine months ended November 30, 2014:

Cash received on asset sales	$	525,000
Notes receivable		431,244