Rocky Mountain Chocolate Factory (RMCF) 10-Q 14 Jan 25 2025 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Nov. 30, 2024	Jan. 08, 2025
Cover [Abstract]
Entity Central Index Key	0001616262
Entity Registrant Name	Rocky Mountain Chocolate Factory, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2024
Document Transition Report	false
Entity File Number	001-36865
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1535633
Entity Address, Address Line One	265 Turner Drive
Entity Address, City or Town	Durango
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	81303
City Area Code	970
Local Phone Number	259-0554
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	RMCF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,687,302

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Revenues
Total revenue	$ 7,893	$ 7,697	$ 20,680	$ 20,691
Costs and Expenses
Cost of sales	6,044	5,769	15,980	15,159
Sales and marketing	272	572	840	1,487
General and administrative	1,427	1,333	4,288	4,952
Depreciation and amortization, exclusive of depreciation and amortization expense of $211, $188, $598 and $541,respectively, included in cost of sales	63	36	143	99
Total costs and expenses	8,593	8,473	23,924	24,018
Loss from Operations	(700)	(776)	(3,244)	(3,327)
Other Income (Expense)
Interest expense	(160)	(11)	(258)	(24)
Interest income	7	30	21	68
Gain on disposal of assets	6	0	254	0
Other income (expense), net	(147)	19	17	44
Loss Before Income Taxes	(847)	(757)	(3,227)	(3,283)
Income Tax Provision (Benefit)	0	0	0	0
Loss from Continuing Operations	(847)	(757)	(3,227)	(3,283)
Earnings from discontinued operations, net of tax	0	0	0	69
Gain on disposal of discontinued operations, net of tax	0	0	0	635
Earnings from discontinued operations, net of tax	0	0	0	704
Net Loss	$ (847)	$ (757)	$ (3,227)	$ (2,579)
Basic Loss per Common Share
Loss from continuing operations	$ (0.11)	$ (0.12)	$ (0.47)	$ (0.51)
Earnings from discontinued operations	0	0	0	0.11
Net loss	(0.11)	(0.12)	(0.47)	(0.4)
Diluted Loss per Common Share
Loss from continuing operations	(0.11)	(0.12)	(0.47)	(0.51)
Earnings from discontinued operations	0	0	0	0.11
Net loss	$ (0.11)	$ (0.12)	$ (0.47)	$ (0.4)
Weighted Average Common Shares Outstanding - Basic	7,643,690	6,302,159	6,883,263	6,290,575
Dilutive Effect of Employee Stock Awards	0	0	0	0
Weighted Average Common Shares Outstanding - Diluted	7,643,690	6,302,159	6,883,263	6,290,575
Product [Member]
Revenues
Total revenue	$ 6,719	$ 6,421	$ 16,916	$ 16,453
Franchise and Royalty Fees [Member]
Revenues
Total revenue	1,174	1,276	3,764	4,238
Franchise [Member]
Costs and Expenses
Costs	616	577	2,109	1,870
Retail [Member]
Costs and Expenses
Costs	$ 171	$ 186	$ 564	$ 451

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Income Statement [Abstract]
Amortization expense included in cost of goods sold	$ 211	$ 188	$ 598	$ 541

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Current Assets
Cash and cash equivalents	$ 1,089	$ 2,082
Accounts receivable, less allowance for credit losses of $383 and $332, respectively	4,100	2,184
Notes receivable, current portion, less current portion of the allowance for credit losses of $2 and $30, respectively	40	489
Refundable income taxes	63	46
Inventories	5,722	4,358
Other	256	443
Total current assets	11,270	9,602
Property and Equipment, Net	8,071	7,758
Other Assets
Notes receivable, less current portion and allowance for credit losses of $28 and $0, respectively	51	695
Goodwill	576	576
Intangible assets, net	215	238
Lease right of use asset	1,352	1,694
Other	99	14
Total other assets	2,293	3,217
Total Assets	21,634	20,577
Current Liabilities
Accounts payable	2,083	3,411
Line of credit	0	1,250
Accrued salaries and wages	811	1,833
Gift card liabilities	628	624
Other accrued expenses	183	301
Contract liabilities	140	150
Lease liability	494	503
Total current liabilities	4,339	8,072
Note payable	6,000	0
Lease Liability, Less Current Portion	861	1,191
Contract Liabilities, Less Current Portion	600	678
Total Liabilities	11,800	9,941
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $.001 par value per share; 250,000 authorized; 0 shares issued and outstanding	0	0
Common stock, $.001 par value, 46,000,000 shares authorized, 7,667,264 shares and 6,306,027 shares issued and outstanding, respectively	8	6
Additional paid-in capital	12,319	9,896
Retained earnings (accumulated deficit)	(2,493)	734
Total stockholders' equity	9,834	10,636
Total Liabilities and Stockholders' Equity	$ 21,634	$ 20,577

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Accounts receivable, allowance for credit losses	$ 383	$ 332
Notes receivable, allowance for credit losses, current	2	30
Notes receivable, allowance for credit losses, noncurrent	$ 28	$ 0
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	250,000	250,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	46,000,000	46,000,000
Common stock, shares issued (in shares)	7,667,264	6,306,027
Common stock, shares outstanding (in shares)	7,667,264	6,306,027

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]
Balance at Feb. 28, 2023	$ 14,370	$ 6	$ 9,458	$ 4,906
Balance (in shares) at Feb. 28, 2023		6,257,137
Equity compensation, restricted stock units, net of shares withheld and stock options	201		201
Equity compensation, restricted stock units, net of shares withheld and stock options (in shares)		33,027
Net Loss	(823)			(823)
Balance at May. 31, 2023	13,748	$ 6	9,659	4,083
Balance (in shares) at May. 31, 2023		6,290,164
Balance at Feb. 28, 2023	14,370	$ 6	9,458	4,906
Balance (in shares) at Feb. 28, 2023		6,257,137
Net Loss	(2,579)
Balance at Nov. 30, 2023	12,281	$ 6	9,948	2,327
Balance (in shares) at Nov. 30, 2023		6,303,769
Balance at May. 31, 2023	13,748	$ 6	9,659	4,083
Balance (in shares) at May. 31, 2023		6,290,164
Issuance of common stock, vesting of restricted stock units and other, net of shares withheld (in shares)		9,661
Equity compensation, restricted stock units, net of shares withheld and stock options	123		123
Net Loss	(999)			(999)
Balance at Aug. 31, 2023	12,872	$ 6	9,782	3,084
Balance (in shares) at Aug. 31, 2023		6,299,825
Issuance of common stock, vesting of restricted stock units and other, net of shares withheld (in shares)		3,944
Equity compensation, restricted stock units, net of shares withheld and stock options	166		166
Net Loss	(757)			(757)
Balance at Nov. 30, 2023	12,281	$ 6	9,948	2,327
Balance (in shares) at Nov. 30, 2023		6,303,769
Balance at Feb. 29, 2024	10,636	$ 6	9,896	734
Balance (in shares) at Feb. 29, 2024		6,306,027
Equity compensation, restricted stock units, net of shares withheld and stock options	40		40
Equity compensation, restricted stock units, net of shares withheld and stock options (in shares)		20,112
Net Loss	(1,658)			(1,658)
Balance at May. 31, 2024	9,018	$ 6	9,936	(924)
Balance (in shares) at May. 31, 2024		6,326,139
Balance at Feb. 29, 2024	10,636	$ 6	9,896	734
Balance (in shares) at Feb. 29, 2024		6,306,027
Net Loss	(3,227)
Balance at Nov. 30, 2024	9,834	$ 8	12,319	(2,493)
Balance (in shares) at Nov. 30, 2024		7,667,264
Balance at May. 31, 2024	9,018	$ 6	9,936	(924)
Balance (in shares) at May. 31, 2024		6,326,139
Equity compensation, restricted stock units, net of shares withheld and stock options	41		41
Equity compensation, restricted stock units, net of shares withheld and stock options (in shares)		12,448
Issuance of common stock through securities purchase agreement	2,188	$ 2	2,186
Issuance of common stock through securities purchase agreement (in shares)		1,250,000
Net Loss	(722)			(722)
Balance at Aug. 31, 2024	10,525	$ 8	12,163	(1,646)
Balance (in shares) at Aug. 31, 2024		7,588,587
Equity compensation, restricted stock units, net of shares withheld and stock options	156		156
Equity compensation, restricted stock units, net of shares withheld and stock options (in shares)		78,677
Net Loss	(847)			(847)
Balance at Nov. 30, 2024	$ 9,834	$ 8	$ 12,319	$ (2,493)
Balance (in shares) at Nov. 30, 2024		7,667,264

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Cash Flows from Operating Activities
Net Loss	$ (3,227)	$ (2,579)
Less: Earnings from discontinued operations, net of tax	0	704
Loss from continuing operations	(3,227)	(3,283)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:
Depreciation and amortization	741	640
Provision (write off) for obsolete inventory	(147)	63
Provision for loss on accounts and notes receivable	51	0
Gain on sale of property and equipment	(254)	(38)
Expense recorded for stock compensation	237	491
Changes in operating assets and liabilities:
Accounts receivable	(1,597)	(1,339)
Refundable income taxes	(17)	299
Inventories	(450)	230
Other current assets	187	(286)
Accounts payable	(2,091)	558
Accrued liabilities	(1,134)	221
Contract liabilities	(88)	(81)
Net cash used in operating activities of continuing operations	(7,789)	(2,525)
Net cash used in operating activities of discontinued operations	0	(39)
Net cash used in operating activities	(7,789)	(2,564)
Cash Flows from Investing Activities
Addition to notes receivable	0	(49)
Proceeds received on notes receivable	176	57
Proceeds from the sale of assets	1,909	111
Purchases of property and equipment	(2,148)	(2,617)
Decrease (increase) in other assets	(79)	9
Net cash used in investing activities of continuing operations	(142)	(2,489)
Net cash provided by investing activities of discontinued operations	0	1,418
Net cash used in investing activities	(142)	(1,071)
Cash Flows from Financing Activities
Proceeds from line of credit	2,200	1,000
Payment on line of credit	(3,450)	0
Proceeds from notes payable	6,000	0
Issuance of common stock through securities purchase agreement	2,188	0
Net cash provided by financing activities of discontinued operations	0	0
Net cash provided by financing activities	6,938	1,000
Net Decrease in Cash and Cash Equivalents	(993)	(2,635)
Cash and Cash Equivalents, Beginning of Period	2,082	4,717
Cash and Cash Equivalents, End of Period	$ 1,089	$ 2,082

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Nov. 30, 2024	Aug. 31, 2024	May 31, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Nov. 30, 2024	Nov. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (847)	$ (722)	$ (1,658)	$ (757)	$ (999)	$ (823)	$ (3,227)	$ (2,579)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Nov. 30, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended November 30, 2024 , none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K under the Securities Act). On January 1, 2025, there were approximately 450 record holders of our common stock. This figure does not include an estimate of the number of beneficial holders whose shares are held of record by banks, broker or other nominees.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	N O TE 1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The accompanying condensed consolidated financial statements include the accounts of Rocky Mountain Chocolate Factory, Inc., a Delaware corporation, its wholly-owned subsidiaries, Rocky Mountain Chocolate Factory, Inc. (a Colorado corporation), Aspen Leaf Yogurt, LLC (dissolved in November 2023), U-Swirl International, Inc. (dissolved in October 2023) (“U-Swirl”), and U-Swirl, Inc., a Nevada corporation (“SWRL”) (collectively, the “Company”, “we”, or “RMCF”). The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, the Company is headquartered in Durango, Colorado and manufactures an extensive line of premium chocolate candies and other confectionery products. The Company also sells its candy in select locations outside of its system of retail stores. On February 24, 2023, the Company entered into an agreement to sell its three Company-owned U-Swirl locations. Separately, on May 1, 2023, the Company entered into an agreement to sell its franchise rights and intangible assets related to U-Swirl and associated brands. As a result, the activities of the Company’s U-Swirl subsidiary that have historically been reported in the U-Swirl segment have been reported as discontinued operations. See Note 15 – Discontinued Operations in the Notes to Condensed Consolidated Financial Statements for additional information regarding the Company's discontinued operations, including net sales, operating earnings and total assets by segment. The Company’s financial statements reflect continuing operations only, unless otherwise noted. The Company’s revenues are currently derived from four principal sources: sales to franchisees and others of chocolates and other confectionery products manufactured by the Company; the collection of initial franchise fees and royalties from franchisees’ sales; sales at Company-owned stores of chocolates and other confectionery products including gourmet caramel apples; and marketing fees. The Company does not have a material amount of financial assets or liabilities that are required under accounting principles generally accepted in the United States of America (“GAAP”) to be measured on a recurring basis at fair value. The Company is not a party to any material derivative financial instruments. The Company does not have a material amount of non-financial assets or non-financial liabilities that are required under GAAP to be measured at fair value on a recurring basis. The Company has not elected to use the fair value measurement option, as permitted under GAAP, for any assets or liabilities for which fair value measurement is not presently required. The Company believes the fair values of cash equivalents, accounts and notes receivable, accounts payable and note payable approximate their carrying amounts due to their short duration. The following table summarizes the number of stores operating under the Rocky Mountain Chocolate Factory brand at November 30, 2024: Stores Opened Closed Sold Stores Rocky Mountain Chocolate Factory Company-owned stores 2 - - - 2 Franchise stores - Domestic stores 149 2 ( 6 ) ( 2 ) 143 International license stores 3 - - - 3 Cold Stone Creamery - co-branded 104 4 ( 2 ) - 106 U-Swirl - co-branded 11 - - ( 1 ) 10 Total 269 264 Liquidity and Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. In accordance with ASC 205-40, Going Concern, the Company’s management has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the accompanying financial statements were issued. During the nine months ended November 30, 2024, the Company incurred a net loss of $ 3.2 million and used cash in operating activities of $ 7.8 million . Although the Company paid off the outstanding debt with Wells Fargo (the "Credit Agreement") at maturity through t he issuance of a $ 6.0 million note payable, the Company still has incurred losses and used cash from operating activities. These factors raise substantial doubts about the Company’s ability to continue as a going concern within one year after the date that these condensed consolidated financial statements are issued. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to continue to implement its business plan. The Company continues to explore supplemental liquidity sources. During the next twelve months, the Company intends to further reduce overhead costs, improve manufacturing efficiencies, and increase profits and gross margins by better aligning its costs with the delivery and sale to its franchising system and focus customers. In addition, the Company intends to benefit from its historically busy season of holiday product sales while also increasing sales through its e-commerce distribution channel on a year-round basis. There are no assurances that the Company will be successful in implementing its business plan. Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements, which include the accounts of the Company and its subsidiaries, have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and Securities and Exchange Commission ("SEC") regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the nine months ended November 30, 2024 are not necessarily indicative of the results to be expected for the entire fiscal year ending February 28, 2025. All intercompany balances and transactions have been eliminated in consolidation. These consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024 , filed with the SEC on June 13, 2024. The year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the estimate of the reserve for uncollectible accounts and the reserve for inventory obsolescence. The Company bases its estimates on historical experience and assumptions that the Company believes are reasonable. The Company assesses these estimates on a regular basis; however, actual results could materially differ from these estimates. Assets Held for Sale The Company classifies an asset as held for sale when management, having the authority to approve the action, commits to a plan to sell the asset, the sale is probable within one year and the asset is available for immediate sale in its present condition. The Company also considers whether an active program to locate a buyer has been initiated, whether the asset is marketed actively for sale at a price that is reasonable in relation to its current fair value and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures an asset that is classified as held for sale at the lower of its carrying amount or fair value less costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized until the date of sale. The Company assesses the fair value of an asset less costs to sell each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying amount of the asset, as long as the new carrying amount does not exceed the carrying amount of the asset at the time it was initially classified as held for sale. Assets are not depreciated or amortized while they are classified as held for sale. In the first quarter of fiscal 2025, the Company commenced its plan to sell an unused parcel land in Durango, Colorado where the Company is headquartered. On July 10, 2024, the Company sold its parcel of land in Durango, Colorado for a purchase price of approximately $ 0.9 million, and recorded a gain of approximately $ 0.5 million in connection with the sale. In the first quarter of fiscal 2025, the Company commenced its plan to sell a piece of factory machinery. During the third quarter of fiscal 2025, the Company sold the piece of machinery for $ 0.7 million. In connection with the sale the Company recorded a loss of $ 46 thousand. T he Company did not have any other assets held for sale as of November 30, 2024. New Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 enhances the disclosures required for operating segments in the Company’s annual and interim consolidated financial statements. The disclosures required under ASU 2023-07 are also required for public entities with a single reportable segment. The updates in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of the new standard on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The updates in this ASU are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of the new standard on its consolidated financial statements. Accounts and Notes Receivable, Net Accounts receivable represent amounts due from customers in the ordinary course of business and are recorded at the invoiced amount and do not bear interest. Notes receivable generally reflect the sale of assets. Accounts and notes receivables are stated at the net amount expected to be collected, using an estimate of current expected credit losses to determine the allowance for expected credit losses. The Company evaluates the collectability of its accounts and notes receivable and determines the appropriate allowance for expected credit losses based on a combination of factors, including the aging of the receivables and historical collection trends. When the Company is aware of a customer’s inability to meet its financial obligation, the Company may individually evaluate the related receivable to determine the allowance for expected credit losses. The Company uses specific criteria to determine uncollectible receivables to be written off, including bankruptcy filings, the referral of customer accounts to outside parties for collection, and the length that accounts remain past due. In July 2024, the Company and Isaac Lee Collins, LLC entered into a Promissory Note and Security Assignment and Assumption Agreement (the “Agreement”) related to the outstanding U-Swirl promissory note which had an outstanding principal and accrued interest balance of $ 1.0 million. Pursuant to the terms of the Agreement, the Company irrevocably assigned and transferred to the purchaser all of its right, title, and interest in and to the U-Swirl promissory note and the purchaser agreed to assume the same in consideration of $ 0.7 million. The Company recorded a loss of $ 0.2 million in connection with the sale and is included within gain (loss) on disposal of assets on the statements of operations. Subsequent Events Management evaluated al l activity of the Company through the issue date of the financial statements and concluded that no subsequent events have occurred that would require recognition or disclosure in the financial statements.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Nov. 30, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 2 - SUPPLEMENTAL CASH FLOW INFORMATION ($'s in thousands) Nine Months Ended Cash paid (received) for: 2024 2023 Interest $ 258 $ 25 Income taxes 17 ( 299 ) Supplemental disclosure of non-cash operating activities: Inventory accrued but not yet paid $ 766 $ - Supplemental disclosure of non-cash investing activities: Receivable from sale of held-for-sale assets $ 358 $ - Sale of assets in exchange for note receivable - 1,000

Revenue From Contracts With Cus

Revenue From Contracts With Customers	9 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue From Contracts With Customers	NOTE 3 – REVENUE FROM CONTRACTS WITH CUSTOMERS The Company recognizes revenue from contracts with its customers in accordance with Accounting Standards Codification® (“ASC”) 606, which provides that revenues are recognized when control of promised goods or services is transferred to a customer in an amount that reflects the consideration expected to be received for those goods or services. The Company generally receives a fee associated with the franchise agreement or license agreement (collectively “Customer Contracts”) at the time that the Customer Contract is entered. These Customer Contracts have a term of up to 20 years, however the majority of Customer Contracts have a term of 10 years. During the term of the Customer Contract, the Company is obligated to many performance obligations that the Company has not determined are distinct. The resulting treatment of revenue from Customer Contracts is that the revenue is recognized proportionately over the life of the Customer Contract. Initial Franchise Fees, License Fees, Transfer Fees and Renewal Fees The initial franchise services are not distinct from the continuing rights or services offered during the term of the franchise agreement and are treated as a single performance obligation. Initial franchise fees are being recognized as the Company satisfies the performance obligation over the term of the franchise agreement, which is generally 10 years. The following table summarizes contract liabilities as of November 30, 2024 and November 30, 2023: Nine Months Ended ($'s in thousands) 2024 2023 Contract liabilities at the beginning of the year: $ 828 $ 943 Revenue recognized ( 189 ) ( 127 ) Contract fees received 101 46 Contract liabilities at the end of the period: $ 740 $ 862 At November 30, 2024, annual revenue expected to be recognized in the future, related to performance obligations that are not yet fully satisfied, are estimated to be the following (amounts in thousands): 2025 $ 36 2026 139 2027 126 2028 102 2029 80 Thereafter 257 Total $ 740 Gift Cards The Company’s franchisees sell gift cards, which do not have expiration dates or non-usage fees. The proceeds from the sale of gift cards by the franchisees are accumulated by the Company and paid out to the franchisees upon customer redemption. ASC 606 requires the use of the “proportionate” method for recognizing breakage. The Company recognizes breakage from gift cards when the gift card is redeemed by the customer or the Company determines the likelihood of the gift card being redeemed by the customer is remote (“gift card breakage”). The determination of the gift card breakage rate is based upon Company-specific historical redemption patterns. The Company did not recognize any gift card breakage during the three months ended November 30, 2024 or nine months ended November 30, 2024. Durango Product Sales of Confectionery Items, Retail Sales and Royalty and Marketing Fees Confectionery items sold to the Company’s franchisees, others and its Company-owned stores’ sales are recognized at the time of the underlying sale, based on the terms of the sale and when ownership of the inventory is transferred, and are presented net of sales taxes and discounts. Royalties and marketing fees from franchised or licensed locations, which are based on a percent of sales are recognized at the time the sales occur.

Disaggregation of Revenue

Disaggregation of Revenue	9 Months Ended
	Nov. 30, 2024
Disaggregation of Revenue [Abstract]
Disaggregation of Revenue	NOTE 4 – DISAGGREGATION OF REVENUE The following table presents disaggregated revenue by the method of recognition and segment: Three Months Ended November 30, 2024 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 81 $ - $ - $ 81 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 6,359 $ - $ 6,359 Retail sales - - 360 360 Royalty and marketing fees 1,093 - - 1,093 Total revenues recognized over time and point in time $ 1,174 $ 6,359 $ 360 $ 7,893 Three Months Ended November 30, 2023 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 41 $ - $ - $ 41 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 6,057 $ - $ 6,057 Retail sales - - 364 364 Royalty and marketing fees 1,235 - - 1,235 Total revenues recognized over time and point in time $ 1,276 $ 6,057 $ 364 $ 7,697 Nine Months Ended November 30, 2024 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 189 $ - $ - $ 189 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 15,840 $ - $ 15,840 Retail sales - - 1,076 1,076 Royalty and marketing fees 3,575 - - 3,575 Total revenues recognized over time and point in time $ 3,764 $ 15,840 $ 1,076 $ 20,680 Nine Months Ended November 30, 2023 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 127 $ - $ - $ 127 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 15,589 $ - $ 15,589 Retail sales - - 864 864 Royalty and marketing fees 4,111 - - 4,111 Total revenues recognized over time and point in time $ 4,238 $ 15,589 $ 864 $ 20,691

Inventories

Inventories	9 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Inventories	NOTE 5 - INVENTORIES Inventories at November 30, 2024 and February 29, 2024 consisted of the following: ($'s in thousands) November 30, 2024 February 29, 2024 Ingredients and supplies $ 3,613 $ 2,038 Finished candy 2,151 2,509 Reserve for slow moving inventory ( 42 ) ( 189 ) Total inventories $ 5,722 $ 4,358

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Nov. 30, 2024
Property, Plant and Equipment, Net [Abstract]
Property and Equipment, Net	NOTE 6 – PROPERTY AND EQUIPMENT, NET Property and equipment at November 30, 2024 and February 29, 2024 consisted of the following: ($'s in thousands) November 30, 2024 February 29, 2024 Land $ 124 $ 514 Building 5,342 5,109 Machinery and equipment 13,721 12,509 Furniture and fixtures 519 590 Leasehold improvements 139 139 Transportation equipment 326 326 20,171 19,187 Less accumulated depreciation ( 12,100 ) ( 11,429 ) Property and equipment, net $ 8,071 $ 7,758 Depreciation expense related to property and equipment totaled $ 0.3 million and $ 0.7 million during the three and nine months ended November 30, 2024 compared to $ 0.2 million and $ 0.6 million during the three and nine months ended November 30, 2023 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 7 – GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets at November 30, 2024 and February 29, 2024 consisted of the following: November 30, 2024 February 29, 2024 ($'s in thousands) Amortization Period (in Years) Gross Accumulated Gross Accumulated Intangible assets subject to amortization Store design 10 $ 395 $ ( 293 ) $ 395 $ ( 277 ) Trademark/Non-competition agreements 5 - 20 259 ( 146 ) 259 ( 139 ) Total 654 ( 439 ) 654 ( 416 ) Goodwill and intangible assets not subject to amortization Goodwill Retail $ 362 $ 362 Franchising 97 97 Manufacturing 97 97 Trademark 20 20 Total 576 576 Total Goodwill and Intangible Assets $ 1,230 $ ( 439 ) $ 1,230 $ ( 416 ) Amortization expense related to intangible assets totaled $ 7 thousand and $ 21 thousand during the three and nine months ended November 30, 2024 compared to approximately $ 7 thousand and $ 21 thousand during the three and nine months ended November 30, 2023, respectively. At November 30, 2024, annual amortization of intangible assets, based upon the Company’s existing intangible assets and current useful lives, is estimated to be the following (amounts in thousands): 2025 $ 27 2026 27 2027 27 2028 27 2029 27 Thereafter 80 Total $ 215

Notes Payable and Revolving Cre

Notes Payable and Revolving Credit Line	9 Months Ended
	Nov. 30, 2024
Notes to Financial Statements
Notes Payable and Revolving Credit Line	NOTE 8 – NOTES PAYABLE AND REVOLVING CREDIT LINE Revolving Credit Line On September 30, 2024, the Company entered into a new credit agreement (the “New Credit Agreement”) with a new lender, RMC Credit Facility, LLC ("RMC"). RMC is a related party of the Company as a member of the Company's board of directors was involved and an investor with the New Credit Agreement. Pursuant to the New Credit Agreement, the Company received an advance in the principal amount of $ 6.0 million, which advance is evidence by a promissory note (the “Note”). The Note matures on September 30, 2027 (the “Maturity Date”), and interest will accrue at a rate of 12 % per annum and is payable monthly in arrears. All outstanding principal and interest will be due on the Maturity Date. The New Credit Agreement is collateralized by the Company’s Durango real estate property and the related inventory and property, plant and equipment located on that property, as well as the Company’s accounts receivable and cash accounts. In connection with the New Credit Agreement, the Company entered into a Deed of Trust with RMC and the Public Trustee of La Plata County, Colorado with respect to the Company’s property in Durango, Colorado. The proceeds of the New Credit Agreement were and will be used as follows: (i) $ 3.5 million was used to repay the Credit Agreement and (ii) the remaining balance will be used for continued capital investment and working capital needs. The New Credit Agreement contains customary events of default, including nonpayment of principal and interest when due, failure to comply with covenants, and a change of control of the Company, as well as customary affirmative and negative covenants, including, without limitation, certain reporting obligations and certain limitations on liens, encumbrances, and indebtedness. The New Credit Agreement also limits capital expenditures to $ 3.5 million per year and contains two financial covenants measured quarterly: a maximum ratio of total liabilities to total net worth and a minimum current ratio. As of November 30, 2024, the Company had $ 6.0 million outstanding on the New Credit Agreement. The Company was in compliance with all covenants under the New Credit Agreement as of November 30, 2024. In connection with the New Credit Agreement, the Company repaid the outstanding balance of the previous Credit Agreement of $ 3.5 million on its maturity date on September 30, 2024 .

Common Stock

Common Stock	9 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Common Stock	NOTE 9 – COMMON STOCK Securities Purchase Agreement On August 5, 2024, the Company entered into a securities purchase agreement with certain investors, including Steven L. Craig, an existing director of the Company (the “Investors”), pursuant to which, among other things, the Investors agreed to subscribe for and purchase, and the Company agreed to issue and sell to the Investors, an aggregate of 1,250,000 of shares of the Company’s common stock at a price per share equal to $ 1.75 , for total proceeds of approximately $ 2.2 million. On September 5, 2024, the shares were subsequently registered for resale on a form S-1 that was declared effective by the SEC on October 9, 2024. Stock Compensation Plans Under the Company’s 2007 Equity Incentive Plan (as amended and restated) (the “ 2007 Plan”), the Company may authorize and grant stock awards to employees, non-employee directors and certain other eligible participants, including stock options, restricted stock and restricted stock units. Effective June 2024, the Board authorized 600,000 new shares, along with 300,851 unused and available shares and 131,089 shares granted and outstanding from the 2007 Equity Incentive Plan, to form the 2024 Equity Incentive Plan with a total of 1,031,940 shares. The Company recognized $ 0.2 million and $ 0.2 million of stock-based compensation expense during the three and nine months ended November 30, 2024 compared with $ 0.2 million and $ 0.5 million during the three and nine months ended November 30, 2023, respectively. Compensation costs related to stock-based compensation are generally amortized over the vesting period of the stock awards. The following table summarizes non-vested restricted stock unit transactions for common stock during the nine months ended November 30, 2024: Nine Months Ended 2024 Outstanding non-vested restricted stock units at beginning 160,958 Granted 354,613 Vested ( 99,810 ) Cancelled/forfeited ( 252,023 ) Outstanding non-vested restricted stock units as of 163,738 Weighted average grant date fair value $ 2.94 Weighted average remaining vesting period (in years) 2.37 Total unrecognized stock-based compensation expense for non-vested restricted stock units was approximately $ 0.5 million, and expected to be recognized over the next 2.4 years. The following table summarizes stock option activity during the nine months ended November 30, 2024: Nine Months Ended 2024 Outstanding stock options as of February 29: 17,698 Granted - Exercised - Cancelled/forfeited ( 17,698 ) Outstanding stock options as of November 30: - Weighted average exercise price $ - Weighted average remaining contractual term (in years) - During the nine months ended November 30, 2024, the Company granted 354,613 restricted stock units to various executives with a grant-date fair value of $ 1.0 million . During the nine months ended November 30, 2023 , the Company granted 131,216 restricted stock units to various executives with a grant-date fair value of $ 0.8 million .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2024
Notes to Financial Statements
Earnings Per Share	NOTE 10 - EARNINGS PER SHARE Basic earnings per share is calculated using the weighted-average number of common shares outstanding. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through the settlement of restricted stock units. Restricted stock units become dilutive within the period granted and remain dilutive until the units vest and are issued as common stock. The weighted-average number of shares outstanding used in the computation of diluted earnings per share does not include outstanding common shares issuable if their effect would be anti-dilutive. During the nine months ended November 30, 2024 , 960,677 shares of common stock reserved for issuance under warrants and 163,738 shares underlying unvested restricted stock units and stock options were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. During the nine months ended November 30, 2023 , 960,677 shares of common stock reserved for issuance under warrants and 182,875 shares of common stock underlying unvested restricted stock units and stock options were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

Leasing Arrangements

Leasing Arrangements	9 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Leasing Arrangements	NOTE 11 – LEASING ARRANGEMENTS The Company conducts its retail operations in facilities leased under non-cancelable operating leases of up to ten years. Certain leases contain renewal options for between five and ten additional years at increased monthly rentals. Some of the leases provide for contingent rentals based on sales in excess of predetermined base levels. The Company acts as primary lessee of some franchised store premises, which the Company then subleases to franchisees, but the majority of existing franchised locations are leased by the franchisee directly. In some instances, the Company has leased space for its Company-owned locations that are now occupied by franchisees. When the Company-owned location was sold or transferred, the store was subleased to the franchisee who is responsible for the monthly rent and other obligations under the lease. The Company also leases trucking equipment and warehouse space in support of its production operations. Expense associated with trucking and warehouse leases is included in cost of sales on the consolidated statements of operations. The Company accounts for payments related to lease liabilities on a straight-line basis over the lease term. During the nine months ended November 30, 2024 and 2023, lease expense recognized in the consolidated statements of operations was $ 0.4 million and $ 0.4 million , respectively. The lease liability reflects the present value of the Company’s estimated future minimum lease payments over the life of its leases. This includes known escalations and renewal option periods reasonably assured of being exercised. Typically, renewal options are considered reasonably assured of being exercised if the sales performance of the location remains strong. Therefore, the right of use asset and lease liability include an assumption on renewal options that have not yet been exercised by the Company and are not currently a future obligation. The Company has separated non-lease components from lease components in the recognition of the Asset and Liability except in instances where such costs were not practical to separate. To the extent that occupancy costs, such as site maintenance, are included in the asset and liability, the impact is immaterial. For franchised locations, the related occupancy costs including property taxes, insurance and site maintenance are generally required to be paid by the franchisees as part of the franchise arrangement. In addition, the Company is the lessee under non-store related leases such as storage facilities and trucking equipment. For leases where the implicit rate is not readily determinable, the Company uses an incremental borrowing rate to calculate the lease liability that represents an estimate of the interest rate the Company would incur to borrow on a collateralized basis over the term of a lease. The weighted average discount rate used for operating leases was 3.94 % as of November 30, 2024. The total estimated future minimum lease payments are $ 1.5 million as of November 30, 2024. As of November 30, 2024, maturities of lease liabilities for the Company’s operating leases were as follows (amounts in thousands): FYE 25 $ 505 FYE 26 352 FYE 27 160 FYE 28 114 FYE 29 55 Thereafter 303 Total $ 1,489 Less: Imputed interest ( 134 ) Present value of lease liabilities: $ 1,355 The weighted average lease term at November 30, 2024 was 5.7 years. The Company did no t enter into any new leases during the nine months ended November 30, 2024. During the nine months ended November 30, 2023 , the Company entered into new lease agreements representing a future lease liability of approximately $ 46 thousand. The Company did not have any leases categorized as finance leases as of November 30, 2024 or February 29, 2024 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 12 – COMMITMENTS AND CONTINGENCIES Purchase contracts The Company may frequently enter into purchase contracts of between three to eighteen months for chocolate, certain nuts, and other raw material inputs. These contracts permit the Company to purchase the specified commodity at a fixed price on an as-needed basis during the term of the contract. Because prices for these products may fluctuate, the Company may benefit if prices rise during the terms of these contracts, but it may be required to pay above-market prices if prices fall and it is unable to renegotiate the terms of the contract. The Company has designated these contracts as normal under the normal purchase and sale exception under the accounting standards for derivatives. These contracts are not entered into for speculative purposes. The Company has approximately $ 3.2 million of unconditional purchase obligations as of November 30, 2024, all due within the next twelve months. Litigation From time to time, the Company is involved in litigation relating to claims arising out of its operations. The Company records accruals for outstanding legal matters when it believes it is probable that a loss will be incurred and the amount can be reasonably estimated. At November 30, 2024 , the Company was not a party to any legal proceedings that were expected, individually or in the aggregate, to have a material adverse effect on its business, financial condition or operating results.

Operating Segments

Operating Segments	9 Months Ended
	Nov. 30, 2024
Segment Reporting [Abstract]
Operating segments	NOTE 13 - OPERATING SEGMENTS The Company classifies its business interests into three reportable segments: Franchising, Manufacturing and Retail Stores, which is the basis upon which the Company’s chief operating decision maker, the chief executive officer, evaluates the Company’s performance. The Company evaluates performance and allocates resources based on operating contribution, which excludes unallocated corporate general and administrative costs and income tax expense or benefit. The Company’s reportable segments are strategic businesses that utilize common merchandising, distribution, and marketing functions, as well as common information systems and corporate administration. All inter-segment sales prices are market based. Each segment is managed separately because of the differences in required infrastructure and the differences in products and services: Three Months Ended November 30, 2024 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 1,174 $ 6,640 $ 360 $ - $ 8,174 Intersegment revenues - ( 281 ) - - ( 281 ) Revenue from external customers 1,174 6,359 360 - 7,893 Segment profit (loss) 376 388 74 ( 1,685 ) ( 847 ) Total assets 1,134 15,619 509 4,372 21,634 Capital expenditures - 488 - 119 607 Total depreciation & amortization $ 11 $ 215 $ 2 $ 46 274 Three Months Ended November 30, 2023 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 1,276 $ 6,394 $ 364 $ - $ 8,034 Intersegment revenues - ( 337 ) - - ( 337 ) Revenue from external customers 1,276 6,057 364 - 7,697 Segment profit (loss) 300 287 30 ( 1,374 ) ( 757 ) Total assets 1,155 12,714 493 6,918 21,280 Capital expenditures 21 1,135 - 128 1,284 Total depreciation & amortization $ 7 $ 189 $ 2 $ 25 $ 223 Nine Months Ended November 30, 2024 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 3,764 $ 16,552 $ 1,076 $ - $ 21,392 Intersegment revenues - ( 712 ) - - ( 712 ) Revenue from external customers 3,764 15,840 1,076 - 20,680 Segment profit (loss) 1,123 ( 136 ) 162 ( 4,376 ) ( 3,227 ) Total assets 1,134 15,619 509 4,372 21,634 Capital expenditures - 1,453 - 695 2,148 Total depreciation & amortization $ 28 $ 607 $ 8 $ 98 $ 741 Nine Months Ended November 30, 2023 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 4,238 $ 16,386 $ 864 $ - $ 21,488 Intersegment revenues - ( 797 ) - - ( 797 ) Revenue from external customers 4,238 15,589 864 - 20,691 Segment profit (loss) 1,267 422 60 ( 5,032 ) ( 3,283 ) Total assets 1,155 12,714 493 6,918 21,280 Capital expenditures 53 2,166 20 378 2,617 Total depreciation & amortization $ 23 $ 545 $ 5 $ 67 $ 640

Income Taxes

Income Taxes	9 Months Ended
	Nov. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 14 - INCOME TAXES The Company provides for income taxes pursuant to the liability method. The liability method requires recognition of deferred income taxes based on temporary differences between financial reporting and income tax basis of assets and liabilities, using current enacted income tax rates and regulations. These differences will result in taxable income or deductions in future years when the reported amount of the asset or liability is recovered or settled, respectively. Considerable judgment is required in determining when these events may occur and whether recovery of an asset, including the utilization of a net operating loss or other carryforward prior to its expiration, is more likely than not. Realization of the Company's deferred tax assets is dependent upon the Company generating sufficient taxable income, in the appropriate tax jurisdictions, in future years, to obtain benefit from the reversal of net deductible temporary differences. The amount of deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income are changed. A valuation allowance to reduce the carrying amount of deferred income tax assets is established when it is more likely than not that we will not realize some portion or all of the tax benefit of our deferred income tax assets. The Company evaluates, on a quarterly basis, whether it is more likely than not that its deferred income tax assets are realizable based upon recent past financial performance, tax reporting positions, and expectations of future taxable income. The determination of deferred tax assets is subject to estimates and assumptions. The Company periodically evaluates its deferred tax assets to determine if its assumptions and estimates should change. The Company does not have any significant unrecognized tax benefits and does not anticipate a significant increase or decrease in unrecognized tax benefits within the next twelve months. Amounts are recognized for income tax related interest and penalties as a component of general and administrative expense in the statement of income.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Nov. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 15 – DISCO NTINUED OPERATIONS On February 24, 2023 and May 1, 2023, the Company entered into agreements to sell: 1) all operating assets and inventory associated with the Company’s three U-Swirl Company-owned locations, and 2) all franchise rights and intangible assets associated with the franchise operations of U-Swirl, respectively. The May 1, 2023 sale was completed pursuant to an Asset Purchase Agreement (the “Asset Purchase Agreement”), dated May 1, 2023 (the "Closing Date"), by and among the Company, as guarantor, U Swirl as seller, LLC (“Purchaser”), a related company of Fosters Freeze, Inc., a California corporation. Pursuant to the Asset Purchase Agreement, on the Closing Date, Purchaser paid to U-Swirl $ 2.75 million, consisting of approximately (i) $ 1.75 million in cash and (ii) $ 1.0 million evidenced by a three-year secured promissory note in the aggregate original principal amount of $ 1.0 million. As a result of these asset sales, the activities of the Company’s subsidiary, U-Swirl, which were previously recorded to the U-Swirl operating segment, are reported as discontinued operations in the consolidated statement of operations, consolidated balance sheet and consolidated statement of cash flows for all periods presented. The majority of the assets and liabilities of U-Swirl met the accounting criteria to be classified as held for sale and were aggregated and reported on separate lines of the respective statements. On October 31, 2023, the Company filed a certificate of dissolution with the Secretary of State of the State of Nevada with respect to U-Swirl. As a result, U-Swirl is effectively fully dissolved and no longer in legal existence. The following table discloses the results of operations of the businesses reported as discontinued operations for the nine months ended November 30, 2024 and 2023: For the Nine Months ($'s in thousands) 2024 2023 Total Revenue $ - $ 212 Cost of sales - - Operating Expenses - 143 Gain on disposal of assets - ( 635 ) Other expense, net - - Earnings from discontinued operations before - 704 Income tax provision - - Earnings from discontinued operations, net of tax $ - $ 704 There were no assets and liabilities held for sale for U-Swirl as of November 30, 2024 and February 29, 2024. The following table summarizes the gain recognized during the nine months ended November 30, 2023 related to the sale of assets on May 1, 2023, as described above (amounts in thousands): Cash proceeds from the sale of assets $ 1,749 Accounts receivable 9 Notes receivable 1,000 Total consideration received 2,758 Assets and liabilities transferred Franchise rights 1,703 Inventory 6 Liabilities ( 229 ) Net assets transferred 1,480 Costs associated with the sale of assets 643 Gain on disposal of assets $ 635

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2024
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The accompanying condensed consolidated financial statements include the accounts of Rocky Mountain Chocolate Factory, Inc., a Delaware corporation, its wholly-owned subsidiaries, Rocky Mountain Chocolate Factory, Inc. (a Colorado corporation), Aspen Leaf Yogurt, LLC (dissolved in November 2023), U-Swirl International, Inc. (dissolved in October 2023) (“U-Swirl”), and U-Swirl, Inc., a Nevada corporation (“SWRL”) (collectively, the “Company”, “we”, or “RMCF”). The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, the Company is headquartered in Durango, Colorado and manufactures an extensive line of premium chocolate candies and other confectionery products. The Company also sells its candy in select locations outside of its system of retail stores. On February 24, 2023, the Company entered into an agreement to sell its three Company-owned U-Swirl locations. Separately, on May 1, 2023, the Company entered into an agreement to sell its franchise rights and intangible assets related to U-Swirl and associated brands. As a result, the activities of the Company’s U-Swirl subsidiary that have historically been reported in the U-Swirl segment have been reported as discontinued operations. See Note 15 – Discontinued Operations in the Notes to Condensed Consolidated Financial Statements for additional information regarding the Company's discontinued operations, including net sales, operating earnings and total assets by segment. The Company’s financial statements reflect continuing operations only, unless otherwise noted. The Company’s revenues are currently derived from four principal sources: sales to franchisees and others of chocolates and other confectionery products manufactured by the Company; the collection of initial franchise fees and royalties from franchisees’ sales; sales at Company-owned stores of chocolates and other confectionery products including gourmet caramel apples; and marketing fees. The Company does not have a material amount of financial assets or liabilities that are required under accounting principles generally accepted in the United States of America (“GAAP”) to be measured on a recurring basis at fair value. The Company is not a party to any material derivative financial instruments. The Company does not have a material amount of non-financial assets or non-financial liabilities that are required under GAAP to be measured at fair value on a recurring basis. The Company has not elected to use the fair value measurement option, as permitted under GAAP, for any assets or liabilities for which fair value measurement is not presently required. The Company believes the fair values of cash equivalents, accounts and notes receivable, accounts payable and note payable approximate their carrying amounts due to their short duration. The following table summarizes the number of stores operating under the Rocky Mountain Chocolate Factory brand at November 30, 2024: Stores Opened Closed Sold Stores Rocky Mountain Chocolate Factory Company-owned stores 2 - - - 2 Franchise stores - Domestic stores 149 2 ( 6 ) ( 2 ) 143 International license stores 3 - - - 3 Cold Stone Creamery - co-branded 104 4 ( 2 ) - 106 U-Swirl - co-branded 11 - - ( 1 ) 10 Total 269 264
Liquidity and Going Concern	Liquidity and Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. In accordance with ASC 205-40, Going Concern, the Company’s management has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the accompanying financial statements were issued. During the nine months ended November 30, 2024, the Company incurred a net loss of $ 3.2 million and used cash in operating activities of $ 7.8 million . Although the Company paid off the outstanding debt with Wells Fargo (the "Credit Agreement") at maturity through t he issuance of a $ 6.0 million note payable, the Company still has incurred losses and used cash from operating activities. These factors raise substantial doubts about the Company’s ability to continue as a going concern within one year after the date that these condensed consolidated financial statements are issued. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to continue to implement its business plan. The Company continues to explore supplemental liquidity sources. During the next twelve months, the Company intends to further reduce overhead costs, improve manufacturing efficiencies, and increase profits and gross margins by better aligning its costs with the delivery and sale to its franchising system and focus customers. In addition, the Company intends to benefit from its historically busy season of holiday product sales while also increasing sales through its e-commerce distribution channel on a year-round basis. There are no assurances that the Company will be successful in implementing its business plan.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements, which include the accounts of the Company and its subsidiaries, have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. The condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial reporting and Securities and Exchange Commission ("SEC") regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the nine months ended November 30, 2024 are not necessarily indicative of the results to be expected for the entire fiscal year ending February 28, 2025. All intercompany balances and transactions have been eliminated in consolidation. These consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024 , filed with the SEC on June 13, 2024. The year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by GAAP.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the estimate of the reserve for uncollectible accounts and the reserve for inventory obsolescence. The Company bases its estimates on historical experience and assumptions that the Company believes are reasonable. The Company assesses these estimates on a regular basis; however, actual results could materially differ from these estimates.
Assets Held for Sale	Assets Held for Sale The Company classifies an asset as held for sale when management, having the authority to approve the action, commits to a plan to sell the asset, the sale is probable within one year and the asset is available for immediate sale in its present condition. The Company also considers whether an active program to locate a buyer has been initiated, whether the asset is marketed actively for sale at a price that is reasonable in relation to its current fair value and whether actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures an asset that is classified as held for sale at the lower of its carrying amount or fair value less costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized until the date of sale. The Company assesses the fair value of an asset less costs to sell each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying amount of the asset, as long as the new carrying amount does not exceed the carrying amount of the asset at the time it was initially classified as held for sale. Assets are not depreciated or amortized while they are classified as held for sale. In the first quarter of fiscal 2025, the Company commenced its plan to sell an unused parcel land in Durango, Colorado where the Company is headquartered. On July 10, 2024, the Company sold its parcel of land in Durango, Colorado for a purchase price of approximately $ 0.9 million, and recorded a gain of approximately $ 0.5 million in connection with the sale. In the first quarter of fiscal 2025, the Company commenced its plan to sell a piece of factory machinery. During the third quarter of fiscal 2025, the Company sold the piece of machinery for $ 0.7 million. In connection with the sale the Company recorded a loss of $ 46 thousand. T he Company did not have any other assets held for sale as of November 30, 2024.
Recently Adopted Accounting Pronouncements and New Accounting Pronouncements Not Yet Adopted	New Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 enhances the disclosures required for operating segments in the Company’s annual and interim consolidated financial statements. The disclosures required under ASU 2023-07 are also required for public entities with a single reportable segment. The updates in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of the new standard on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The updates in this ASU are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of the new standard on its consolidated financial statements.
Accounts and Notes Receivable, Net	Accounts and Notes Receivable, Net Accounts receivable represent amounts due from customers in the ordinary course of business and are recorded at the invoiced amount and do not bear interest. Notes receivable generally reflect the sale of assets. Accounts and notes receivables are stated at the net amount expected to be collected, using an estimate of current expected credit losses to determine the allowance for expected credit losses. The Company evaluates the collectability of its accounts and notes receivable and determines the appropriate allowance for expected credit losses based on a combination of factors, including the aging of the receivables and historical collection trends. When the Company is aware of a customer’s inability to meet its financial obligation, the Company may individually evaluate the related receivable to determine the allowance for expected credit losses. The Company uses specific criteria to determine uncollectible receivables to be written off, including bankruptcy filings, the referral of customer accounts to outside parties for collection, and the length that accounts remain past due. In July 2024, the Company and Isaac Lee Collins, LLC entered into a Promissory Note and Security Assignment and Assumption Agreement (the “Agreement”) related to the outstanding U-Swirl promissory note which had an outstanding principal and accrued interest balance of $ 1.0 million. Pursuant to the terms of the Agreement, the Company irrevocably assigned and transferred to the purchaser all of its right, title, and interest in and to the U-Swirl promissory note and the purchaser agreed to assume the same in consideration of $ 0.7 million. The Company recorded a loss of $ 0.2 million in connection with the sale and is included within gain (loss) on disposal of assets on the statements of operations.
Subsequent Events	Subsequent Events Management evaluated al l activity of the Company through the issue date of the financial statements and concluded that no subsequent events have occurred that would require recognition or disclosure in the financial statements.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Nov. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Number of Stores	The following table summarizes the number of stores operating under the Rocky Mountain Chocolate Factory brand at November 30, 2024: Stores Opened Closed Sold Stores Rocky Mountain Chocolate Factory Company-owned stores 2 - - - 2 Franchise stores - Domestic stores 149 2 ( 6 ) ( 2 ) 143 International license stores 3 - - - 3 Cold Stone Creamery - co-branded 104 4 ( 2 ) - 106 U-Swirl - co-branded 11 - - ( 1 ) 10 Total 269 264

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Nov. 30, 2024
Supplemental Cash Flow Elements [Abstract]
Summary of Supplemental Cash Flow Information	($'s in thousands) Nine Months Ended Cash paid (received) for: 2024 2023 Interest $ 258 $ 25 Income taxes 17 ( 299 ) Supplemental disclosure of non-cash operating activities: Inventory accrued but not yet paid $ 766 $ - Supplemental disclosure of non-cash investing activities: Receivable from sale of held-for-sale assets $ 358 $ - Sale of assets in exchange for note receivable - 1,000

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	9 Months Ended
	Nov. 30, 2024
us-gaap_TableTextBlock
Summary of Contract Liabilities	The following table summarizes contract liabilities as of November 30, 2024 and November 30, 2023: Nine Months Ended ($'s in thousands) 2024 2023 Contract liabilities at the beginning of the year: $ 828 $ 943 Revenue recognized ( 189 ) ( 127 ) Contract fees received 101 46 Contract liabilities at the end of the period: $ 740 $ 862
Schedule of Revenue Expected to Be Recognized in the Future, Related to Performance Obligations	At November 30, 2024, annual revenue expected to be recognized in the future, related to performance obligations that are not yet fully satisfied, are estimated to be the following (amounts in thousands): 2025 $ 36 2026 139 2027 126 2028 102 2029 80 Thereafter 257 Total $ 740

Disaggregation of Revenue (Tabl

Disaggregation of Revenue (Tables)	9 Months Ended
	Nov. 30, 2024
Disaggregation of Revenue [Abstract]
Summary of Disaggregated Revenue by the Method of Recognition and Segment	The following table presents disaggregated revenue by the method of recognition and segment: Three Months Ended November 30, 2024 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 81 $ - $ - $ 81 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 6,359 $ - $ 6,359 Retail sales - - 360 360 Royalty and marketing fees 1,093 - - 1,093 Total revenues recognized over time and point in time $ 1,174 $ 6,359 $ 360 $ 7,893 Three Months Ended November 30, 2023 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 41 $ - $ - $ 41 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 6,057 $ - $ 6,057 Retail sales - - 364 364 Royalty and marketing fees 1,235 - - 1,235 Total revenues recognized over time and point in time $ 1,276 $ 6,057 $ 364 $ 7,697 Nine Months Ended November 30, 2024 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 189 $ - $ - $ 189 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 15,840 $ - $ 15,840 Retail sales - - 1,076 1,076 Royalty and marketing fees 3,575 - - 3,575 Total revenues recognized over time and point in time $ 3,764 $ 15,840 $ 1,076 $ 20,680 Nine Months Ended November 30, 2023 Revenues recognized over time: ($'s in thousands) Franchising Manufacturing Retail Total Franchise fees $ 127 $ - $ - $ 127 Revenues recognized at a point in time: ($'s in thousands) Franchising Manufacturing Retail Total Durango Product sales $ - $ 15,589 $ - $ 15,589 Retail sales - - 864 864 Royalty and marketing fees 4,111 - - 4,111 Total revenues recognized over time and point in time $ 4,238 $ 15,589 $ 864 $ 20,691

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Nov. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at November 30, 2024 and February 29, 2024 consisted of the following: ($'s in thousands) November 30, 2024 February 29, 2024 Ingredients and supplies $ 3,613 $ 2,038 Finished candy 2,151 2,509 Reserve for slow moving inventory ( 42 ) ( 189 ) Total inventories $ 5,722 $ 4,358

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Nov. 30, 2024
Property, Plant and Equipment, Net [Abstract]
Schedule of Property and Equipment	Property and equipment at November 30, 2024 and February 29, 2024 consisted of the following: ($'s in thousands) November 30, 2024 February 29, 2024 Land $ 124 $ 514 Building 5,342 5,109 Machinery and equipment 13,721 12,509 Furniture and fixtures 519 590 Leasehold improvements 139 139 Transportation equipment 326 326 20,171 19,187 Less accumulated depreciation ( 12,100 ) ( 11,429 ) Property and equipment, net $ 8,071 $ 7,758

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	Goodwill and intangible assets at November 30, 2024 and February 29, 2024 consisted of the following: November 30, 2024 February 29, 2024 ($'s in thousands) Amortization Period (in Years) Gross Accumulated Gross Accumulated Intangible assets subject to amortization Store design 10 $ 395 $ ( 293 ) $ 395 $ ( 277 ) Trademark/Non-competition agreements 5 - 20 259 ( 146 ) 259 ( 139 ) Total 654 ( 439 ) 654 ( 416 ) Goodwill and intangible assets not subject to amortization Goodwill Retail $ 362 $ 362 Franchising 97 97 Manufacturing 97 97 Trademark 20 20 Total 576 576 Total Goodwill and Intangible Assets $ 1,230 $ ( 439 ) $ 1,230 $ ( 416 )
Schedule of Annual Amortization of Intangible Assets	At November 30, 2024, annual amortization of intangible assets, based upon the Company’s existing intangible assets and current useful lives, is estimated to be the following (amounts in thousands): 2025 $ 27 2026 27 2027 27 2028 27 2029 27 Thereafter 80 Total $ 215

Common Stock (Tables)

Common Stock (Tables)	9 Months Ended
	Nov. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Non-Vested Restricted Stock Unit Transactions for Common Stock	The following table summarizes non-vested restricted stock unit transactions for common stock during the nine months ended November 30, 2024: Nine Months Ended 2024 Outstanding non-vested restricted stock units at beginning 160,958 Granted 354,613 Vested ( 99,810 ) Cancelled/forfeited ( 252,023 ) Outstanding non-vested restricted stock units as of 163,738 Weighted average grant date fair value $ 2.94 Weighted average remaining vesting period (in years) 2.37
Summary of Stock Option Activity	The following table summarizes stock option activity during the nine months ended November 30, 2024: Nine Months Ended 2024 Outstanding stock options as of February 29: 17,698 Granted - Exercised - Cancelled/forfeited ( 17,698 ) Outstanding stock options as of November 30: - Weighted average exercise price $ - Weighted average remaining contractual term (in years) -

Leasing Arrangements (Tables)

Leasing Arrangements (Tables)	9 Months Ended
	Nov. 30, 2024
Leases [Abstract]
Schedule of Maturities of Lease Liabilities for Operating Leases	As of November 30, 2024, maturities of lease liabilities for the Company’s operating leases were as follows (amounts in thousands): FYE 25 $ 505 FYE 26 352 FYE 27 160 FYE 28 114 FYE 29 55 Thereafter 303 Total $ 1,489 Less: Imputed interest ( 134 ) Present value of lease liabilities: $ 1,355

Operating Segments (Tables)

Operating Segments (Tables)	9 Months Ended
	Nov. 30, 2024
Segment Reporting [Abstract]
Summary of Segment Reporting Information	Three Months Ended November 30, 2024 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 1,174 $ 6,640 $ 360 $ - $ 8,174 Intersegment revenues - ( 281 ) - - ( 281 ) Revenue from external customers 1,174 6,359 360 - 7,893 Segment profit (loss) 376 388 74 ( 1,685 ) ( 847 ) Total assets 1,134 15,619 509 4,372 21,634 Capital expenditures - 488 - 119 607 Total depreciation & amortization $ 11 $ 215 $ 2 $ 46 274 Three Months Ended November 30, 2023 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 1,276 $ 6,394 $ 364 $ - $ 8,034 Intersegment revenues - ( 337 ) - - ( 337 ) Revenue from external customers 1,276 6,057 364 - 7,697 Segment profit (loss) 300 287 30 ( 1,374 ) ( 757 ) Total assets 1,155 12,714 493 6,918 21,280 Capital expenditures 21 1,135 - 128 1,284 Total depreciation & amortization $ 7 $ 189 $ 2 $ 25 $ 223 Nine Months Ended November 30, 2024 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 3,764 $ 16,552 $ 1,076 $ - $ 21,392 Intersegment revenues - ( 712 ) - - ( 712 ) Revenue from external customers 3,764 15,840 1,076 - 20,680 Segment profit (loss) 1,123 ( 136 ) 162 ( 4,376 ) ( 3,227 ) Total assets 1,134 15,619 509 4,372 21,634 Capital expenditures - 1,453 - 695 2,148 Total depreciation & amortization $ 28 $ 607 $ 8 $ 98 $ 741 Nine Months Ended November 30, 2023 ($'s in thousands) Franchising Manufacturing Retail Unallocated Total Total revenues $ 4,238 $ 16,386 $ 864 $ - $ 21,488 Intersegment revenues - ( 797 ) - - ( 797 ) Revenue from external customers 4,238 15,589 864 - 20,691 Segment profit (loss) 1,267 422 60 ( 5,032 ) ( 3,283 ) Total assets 1,155 12,714 493 6,918 21,280 Capital expenditures 53 2,166 20 378 2,617 Total depreciation & amortization $ 23 $ 545 $ 5 $ 67 $ 640

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Nov. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Operations of Businesses Reported as Discontinued Operations	The following table discloses the results of operations of the businesses reported as discontinued operations for the nine months ended November 30, 2024 and 2023: For the Nine Months ($'s in thousands) 2024 2023 Total Revenue $ - $ 212 Cost of sales - - Operating Expenses - 143 Gain on disposal of assets - ( 635 ) Other expense, net - - Earnings from discontinued operations before - 704 Income tax provision - - Earnings from discontinued operations, net of tax $ - $ 704 The following table summarizes the gain recognized during the nine months ended November 30, 2023 related to the sale of assets on May 1, 2023, as described above (amounts in thousands): Cash proceeds from the sale of assets $ 1,749 Accounts receivable 9 Notes receivable 1,000 Total consideration received 2,758 Assets and liabilities transferred Franchise rights 1,703 Inventory 6 Liabilities ( 229 ) Net assets transferred 1,480 Costs associated with the sale of assets 643 Gain on disposal of assets $ 635

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended						9 Months Ended
	Jul. 10, 2024	Jul. 31, 2024	Nov. 30, 2024	Aug. 31, 2024	May 31, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Net Loss			$ (847)	$ (722)	$ (1,658)	$ (757)	$ (999)	$ (823)	$ (3,227)	$ (2,579)
Cash used in operating activities									(7,789)	(2,564)
Note payable			6,000						6,000		$ 0
Cash proceeds from the sale of assets									1,909	111
Gain on sale of property									254	38
Loss on disposal of assets			(6)			$ 0			$ (254)	$ 0
Isaac Lee Collins, LLC [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Outstanding principal and accrued interest notes receivable		$ 1,000
Cash proceeds from the sale of assets		700
Loss on disposal of assets		$ 200
Parcel Land [Member] | Durango, Colorado [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Purchase price	$ 900
Gain on sale of property	$ 500
Piece of Factory Machinery [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Impairment charge			46
Cash proceeds from the sale of assets			$ 700

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - Number of Stores (Details)	Nov. 30, 2024 Segment
Stores Opened at 2/29/2024 [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	269
Stores Opened at 5/31/2024 [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	264
Company Owned Stores [Member] | Stores Opened at 2/29/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	2
Company Owned Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
Company Owned Stores [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
Company Owned Stores [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
Company Owned Stores [Member] | Stores Opened at 5/31/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	2
Franchise Stores - Domestic Stores and Kiosks [Member] | Stores Opened at 2/29/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	149
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	2
Franchise Stores - Domestic Stores and Kiosks [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	6
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	2
Franchise Stores - Domestic Stores and Kiosks [Member] | Stores Opened at 5/31/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	143
International License Stores [Member] | Stores Opened at 2/29/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	3
International License Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
International License Stores [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
International License Stores [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
International License Stores [Member] | Stores Opened at 5/31/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	3
Cold Stone Creamery - Co-Branded [Member] | Stores Opened at 2/29/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	104
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	4
Cold Stone Creamery - Co-Branded [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	2
Cold Stone Creamery - Co-Branded [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
Cold Stone Creamery - Co-Branded [Member] | Stores Opened at 5/31/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	106
USwirl Inc [Member] | Stores Opened at 2/29/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	11
USwirl Inc [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
USwirl Inc [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	0
USwirl Inc [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	1
USwirl Inc [Member] | Stores Opened at 5/31/2024 [Member] | Rocky Mountain Chocolate Factory [Member]
Nature of Operations and Summary of Significant Accounting Policies [Line items]
Number of stores	10

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - Summary of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Interest	$ 258	$ 25
Income taxes	17	(299)
Supplemental disclosure of non-cash operating activities:
Inventory accrued but not yet paid	766
Supplemental disclosure of non-cash investing activities:
Receivable from sale of held-for-sale assets	358	0
Sale of assets in exchange for note receivable	$ 0	$ 1,000

Revenue From Contracts With C_3

Revenue From Contracts With Customers - Additional Information (Details)	9 Months Ended
	Nov. 30, 2024
Revenue from Contract with Customer [Line Items]
Customers contracts, term (year)	10 years
Maximum [Member]
Revenue from Contract with Customer [Line Items]
Customers contracts, term (year)	20 years
Minimum [Member]
Revenue from Contract with Customer [Line Items]
Franchise agreement, term (year)	10 years

Revenue From Contracts With C_4

Revenue From Contracts With Customers - Summary of Contract Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract liabilities at the beginning of the year:	$ 828	$ 943
Revenue recognized	(189)	(127)
Contract fees received	101	46
Contract liabilities at the end of the period:	$ 740	$ 862

Revenue From Contracts With C_5

Revenue From Contracts With Customers - Schedule of Revenue Expected to Be Recognized in the Future, Related to Performance Obligations (Details) $ in Thousands	Nov. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 740

Revenue From Contracts With C_6

Revenue From Contracts With Customers - Schedule of Revenue Expected to Be Recognized in the Future, Related to Performance Obligations 1 (Details) $ in Thousands	Nov. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 740
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-12-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	3 months
Revenue, remaining performance obligation, amount	$ 36
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 139
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 126
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 102
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 80
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 257

Disaggregation of Revenue - Sum

Disaggregation of Revenue - Summary of Disaggregated Revenue by the Method of Recognition and Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 7,893	$ 7,697	$ 20,680	$ 20,691
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	7,893	7,697	20,680	20,691
Retail [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	360	364	1,076	864
Franchise Fees [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	81	41	189	127
Durango Product Sales [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,359	6,057	15,840	15,589
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,093	1,235	3,575	4,111
Franchising [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,174	1,276	3,764	4,238
Franchising [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,174	1,276	3,764	4,238
Franchising [Member] | Retail [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Franchising [Member] | Franchise Fees [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	81	41	189	127
Franchising [Member] | Durango Product Sales [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Franchising [Member] | Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,093	1,235	3,575	4,111
Manufacturing [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,359	6,057	15,840	15,589
Manufacturing [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,359	6,057	15,840	15,589
Manufacturing [Member] | Retail [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Manufacturing [Member] | Franchise Fees [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Manufacturing [Member] | Durango Product Sales [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	6,359	6,057	15,840	15,589
Manufacturing [Member] | Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	360	364	1,076	864
Retail Segment [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	360	364	1,076	864
Retail Segment [Member] | Retail [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	360	364	1,076	864
Retail Segment [Member] | Franchise Fees [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Retail Segment [Member] | Durango Product Sales [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Retail Segment [Member] | Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Inventory Disclosure [Abstract]
Ingredients and supplies	$ 3,613	$ 2,038
Finished candy	2,151	2,509
Reserve for slow moving inventory	(42)	(189)
Total inventories	$ 5,722	$ 4,358

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 20,171	$ 19,187
Less accumulated depreciation	(12,100)	(11,429)
Property and equipment, net	8,071	7,758
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	124	514
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,342	5,109
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	13,721	12,509
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	519	590
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	139	139
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 326	$ 326

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Property, Plant and Equipment, Net [Abstract]
Depreciation	$ 0.3	$ 0.2	$ 0.7	$ 0.6

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Feb. 29, 2024
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross carrying value	$ 654	$ 654
Intangible assets subject to amortization, accumulated amortization	(439)	(416)
Intangible assets not subject to amortization, gross carrying value	576	576
Total Goodwill and Intangible Assets	1,230	1,230
Total Goodwill and Intangible Assets	(439)	(416)
Retail Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization, gross carrying value	362	362
Franchising Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization, gross carrying value	97	97
Manufacturing Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization, gross carrying value	97	97
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization, gross carrying value	$ 20	20
Store Design [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	10 years
Intangible assets subject to amortization, gross carrying value	$ 395	395
Intangible assets subject to amortization, accumulated amortization	(293)	(277)
Trademark/Non-Competition Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets subject to amortization, gross carrying value	259	259
Intangible assets subject to amortization, accumulated amortization	$ (146)	$ (139)
Trademark/Non-Competition Agreement [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	5 years
Trademark/Non-Competition Agreement [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period	20 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 7	$ 7	$ 21	$ 21

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Annual Amortization of Intangible Assets (Details) $ in Thousands	Nov. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 27
2026	27
2027	27
2028	27
2029	27
Thereafter	80
Total	$ 215

Notes Payable and Revolving C_2

Notes Payable and Revolving Credit Line - Additional Information (Details) - USD ($) $ in Thousands		9 Months Ended
	Sep. 30, 2024	Nov. 30, 2024	Nov. 30, 2023
Proceeds from notes payable		$ 6,000	$ 0
Repayments of lines of credit		3,450	$ 0
Line of Credit [Member] | Credit Agreement [Member]
Credit Agreement maturity date	Sep. 30, 2024
Repayments of lines of credit	$ 3,500
Line of Credit [Member] | New Credit Agreement [Mmeber]
Line of credit outstanding amount		$ 6,000
Credit agreement advance amount	$ 6,000
Credit Agreement maturity date	Sep. 30, 2027
Debt instrument, interest rate during period	12%
Repayments of lines of credit	$ 3,500
Capital expenditures limits per year	$ 3,500

Common Stock - Additional Infor

Common Stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 05, 2024	Jun. 30, 2024	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Proceeds from issuance of common stock					$ 2,188	$ 0
Share-based payment arrangement, expense			$ 200	$ 200	$ 200	$ 500
Number of shares granted and outstanding			0		0		17,698
2007 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of new shares authorized		600,000
Number of shares unused and available		300,851
Number of shares granted and outstanding		131,089
2024 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized under plan		1,031,940
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of shares					354,613
Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount			$ 500		$ 500
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					2 years 4 months 24 days
Restricted Stock Units (RSUs) [Member] | Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of shares					354,613	131,216
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Aggregate Grant Date Fair Value					$ 1,000	$ 800
Securities Purchase Agreement [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares agreed to issue and sell to the Investors	1,250,000
Price per share	$ 1.75
Proceeds from issuance of common stock	$ 2,200

Common Stock - Summary of Non-V

Common Stock - Summary of Non-Vested Restricted Stock Unit Transactions for Common Stock (Details) - Restricted Stock Units (RSUs) [Member]	9 Months Ended
	Nov. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding non-vested restricted stock units at beginning of year:	160,958
Granted	354,613
Vested	(99,810)
Cancelled/forfeited	(252,023)
Outstanding non-vested restricted stock units as of November 30:	163,738
Weighted average grant date fair value | $ / shares	$ 2.94
Weighted average remaining vesting period (in years)	2 years 4 months 13 days

Common Stock - Summary of Stock

Common Stock - Summary of Stock Option Activity (Details)	9 Months Ended
	Nov. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Outstanding stock options as of February 29:	17,698
Granted	0
Exercised	0
Cancelled/forfeited	(17,698)
Outstanding stock options as of November 30:	0
Weighted average exercise price | $ / shares	$ 0
Weighted average remaining contractual term (in years)	0 years

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	960,677	960,677
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	163,738	182,875

Leasing Arrangements - Addition

Leasing Arrangements - Additional Information (Details) - USD ($)	9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Lessee, Lease, Description [Line Items]
Weighted average discount rate percent	3.94%
Future lease liability	$ 1,489,000
Weighted average lease term	5 years 8 months 12 days
Operating lease, expense	$ 400,000	$ 400,000
Future lease liability	$ 0	$ 46,000

Leasing Arrangements - Schedule

Leasing Arrangements - Schedule of Maturities of Lease Liabilities for Operating Leases (Details) $ in Thousands	Nov. 30, 2024 USD ($)
Leases [Abstract]
FYE 25	$ 505
FYE 26	352
FYE 27	160
FYE 28	114
FYE 29	55
Thereafter	303
Total	1,489
Less: Imputed interest	(134)
Present value of lease liabilities	$ 1,355

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	9 Months Ended
	Nov. 30, 2024 USD ($)
Commitments and Contingencies [line Items]
Purchase obligations	$ 3.2
Minimum [Member]
Commitments and Contingencies [line Items]
Purchase contracts term	3 months
Maximum [Member]
Commitments and Contingencies [line Items]
Purchase contracts term	18 months

Operating Segments - Additional

Operating Segments - Additional Information (Details)	9 Months Ended
	Nov. 30, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Operating Segments - Summary of

Operating Segments - Summary of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Segment Reporting Information [Line Items]
Revenues	$ 7,893	$ 7,697	$ 20,680	$ 20,691
Segment profit (loss)	(847)	(757)	(3,227)	(3,283)
Total assets	21,634	21,280	21,634	21,280	$ 20,577
Capital expenditures	607	1,284	2,148	2,617
Total depreciation and amortization	274	223	741	640
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	8,174	8,034	21,392	21,488
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(281)	(337)	(712)	(797)
Franchising [Member]
Segment Reporting Information [Line Items]
Revenues	1,174	1,276	3,764	4,238
Segment profit (loss)	376	300	1,123	1,267
Total assets	1,134	1,155	1,134	1,155
Capital expenditures	0	21	0	53
Total depreciation and amortization	11	7	28	23
Franchising [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	1,174	1,276	3,764	4,238
Franchising [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Manufacturing [Member]
Segment Reporting Information [Line Items]
Revenues	6,359	6,057	15,840	15,589
Segment profit (loss)	388	287	(136)	422
Total assets	15,619	12,714	15,619	12,714
Capital expenditures	488	1,135	1,453	2,166
Total depreciation and amortization	215	189	607	545
Manufacturing [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	6,640	6,394	16,552	16,386
Manufacturing [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(281)	(337)	(712)	(797)
Retail [Member]
Segment Reporting Information [Line Items]
Revenues	360	364	1,076	864
Segment profit (loss)	74	30	162	60
Total assets	509	493	509	493
Capital expenditures	0	0	0	20
Total depreciation and amortization	2	2	8	5
Retail [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	360	364	1,076	864
Retail [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Unallocated [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Segment profit (loss)	(1,685)	(1,374)	(4,376)	(5,032)
Total assets	4,372	6,918	4,372	6,918
Capital expenditures	119	128	695	378
Total depreciation and amortization	46	25	98	67
Unallocated [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Unallocated [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0

Discontinued Operations - Sched

Discontinued Operations - Schedule of Operations of Businesses Reported as Discontinued Operations (Details) - USD ($)		3 Months Ended		9 Months Ended
	May 01, 2023	Nov. 30, 2024	Nov. 30, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Gain on disposal of assets		$ 0	$ 0	$ 0	$ (635,000)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]				Earnings (loss) from discontinued operations, net of tax	Earnings (loss) from discontinued operations, net of tax
Cash proceeds from the sale of assets				$ 1,909,000	$ 111,000
Assets and liabilities transferred
Gain on disposal of assets		0	0	0	$ 635,000
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]					Earnings (loss) from discontinued operations, net of tax
USwirl Inc [Member]
Total Revenue				0	$ 212,000
Cost of sales				0	0
Operating Expenses				0	143,000
Gain on disposal of assets				0	(635,000)
Other expense, net				0
Earnings from discontinued operations before income taxes				0	704,000
Income tax provision				0	0
Earnings from discontinued operations, net of tax				0	704,000
Assets and liabilities transferred
Gain on disposal of assets				0	635,000
USwirl Inc [Member] | Discontinued Operations, Disposed of by Sale [Member]
Gain on disposal of assets					(635,000)
Cash proceeds from the sale of assets	$ 1,750,000				1,749,000
Accounts receivable			9,000		9,000
Notes receivable	1,000,000		1,000,000		1,000,000
Total consideration received	$ 2,750,000		2,758,000		2,758,000
Assets and liabilities transferred
Franchise rights			1,703,000		1,703,000
Inventory			6,000		6,000
Liabilities		$ 0	(229,000)	$ 0	(229,000)	$ 0
Net assets transferred			$ 1,480,000		1,480,000
Costs associated with the sale of assets					643,000
Gain on disposal of assets					$ 635,000

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details) - USD ($)		9 Months Ended
	May 01, 2023	Nov. 30, 2024	Nov. 30, 2023	Feb. 29, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash proceeds from the sale of assets		$ 1,909,000	$ 111,000
Discontinued Operations, Disposed of by Sale [Member] | USwirl Inc [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration pursuant to the asset purchase agreement	$ 2,750,000		2,758,000
Cash proceeds from the sale of assets	1,750,000		1,749,000
Notes receivable	$ 1,000,000		1,000,000
Notes receivable term	3 years
Assets held for sale		0		$ 0
Liabilities held for sale		$ 0	$ 229,000	$ 0