Rocky Mountain Chocolate Factory (RMCF) 10-Q 15 Oct 15 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Aug. 31, 2015	Sep. 30, 2015
Entity Registrant Name	Rocky Mountain Chocolate Factory, Inc.
Entity Central Index Key	1,616,262
Trading Symbol	rmcf
Current Fiscal Year End Date	--02-29
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		5,839,396
Document Type	10-Q
Document Period End Date	Aug. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Revenues
Sales	$ 6,719,126	$ 6,673,729	$ 14,455,289	$ 14,524,780
Franchise and royalty fees	2,555,428	2,783,719	5,183,287	5,254,874
Total revenues	9,274,554	9,457,448	19,638,576	19,779,654
Costs and Expenses
Cost of sales, exclusive of depreciation and amortization expense of $100,831, $100,825, $202,721 and $190,452, respectively	4,081,484	3,867,671	9,245,374	8,701,142
Franchise costs	609,479	519,387	1,213,453	1,064,945
Sales and marketing	603,444	583,792	1,239,035	1,229,859
General and administrative	1,134,268	1,175,068	2,463,148	2,586,501
Retail operating	792,517	932,601	1,648,443	1,972,555
Depreciation and amortization	$ 355,813	365,127	$ 720,663	739,538
Restructuring and acquisition related charges		584,661		709,212
Total costs and expenses	$ 7,577,005	8,028,307	$ 16,530,116	17,003,753
Income from Operations	1,697,549	1,429,141	3,108,460	2,775,901
Other Income (Expense)
Interest expense	(55,981)	(61,334)	(114,871)	(122,667)
Interest income	13,397	14,557	27,035	27,066
Other Income (Expense), net	(42,584)	(46,777)	(87,836)	(95,601)
Income Before Income Taxes	1,654,965	1,382,364	3,020,624	2,680,300
Income Tax Provision	414,745	453,001	847,045	813,665
Consolidated Net Income	1,240,220	929,363	2,173,579	1,866,635
Less: Net income attributable to non-controlling interest	460,424	52,007	630,824	277,945
Net Income attributable to RMCF	$ 779,796	$ 877,356	$ 1,542,755	$ 1,588,690
Basic Earnings per Common Share (in dollars per share)	$ 0.13	$ 0.14	$ 0.26	$ 0.26
Diluted Earnings per Common Share (in dollars per share)	$ 0.13	$ 0.14	$ 0.25	$ 0.25
Weighted Average Common Shares Outstanding - Basic (in shares)	5,913,944	6,191,974	5,946,751	6,175,530
Dilutive Effect of Stock Options and Restricted Stock Units (in shares)	210,047	247,729	222,739	288,460
Weighted Average Common Shares Outstanding - Diluted (in shares)	6,123,991	6,439,703	6,169,490	6,463,990

Consolidated Statements of Inc3

Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Cost of sales, depreciation and amortization	$ 100,831	$ 100,825	$ 202,721	$ 190,452

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Aug. 31, 2015	Feb. 28, 2015
Common Stock, before Reorganization [Member]
Stockholders’ Equity
Common stock value		$ 180,384
Common Stock, after Reorganization [Member]
Stockholders’ Equity
Common stock value	$ 6,018
Cash and cash equivalents	5,910,595	$ 7,157,371
Accounts receivable, less allowance for doubtful accounts of $783,178 and $696,798, respectively	3,428,440	4,291,470
Notes receivable, current portion, less current portion of the valuation allowance of $2,262 and $3,762, respectively	344,316	359,493
Refundable income taxes	290,652	172,945
Inventories, less reserve for slow moving inventory of $210,667 and $197,658, respectively	4,546,247	4,785,376
Deferred income taxes	454,414	572,957
Other	445,595	318,275
Total current assets	15,420,259	17,657,887
Property and Equipment, Net	6,467,257	6,797,536
Notes receivable, less current portion and valuation allowance of $30,000 and $28,500, respectively	777,142	668,302
Goodwill, net	2,977,473	2,977,473
Franchise Rights, net	5,307,161	5,439,460
Intangible assets, net	429,875	440,428
Other	155,868	157,127
Total other assets	9,647,519	9,682,790
Total Assets	31,535,035	34,138,213
Current maturities of long term debt	1,230,240	1,208,888
Accounts payable	1,809,007	1,675,746
Accrued salaries and wages	488,838	819,184
Other accrued expenses	2,981,080	2,910,777
Dividend payable	702,444	721,536
Deferred income	733,130	951,241
Total current liabilities	7,944,739	8,287,372
Long-term obligations	4,463,309	5,083,479
Deferred Income Taxes	$ 1,030,175	$ 1,029,507
Commitments and Contingencies
Preferred stock, $.001 par value; 250,000 authorized; -0- shares issued and outstanding	$ 0	$ 0
Additional paid-in capital	7,078,357	7,163,092
Retained earnings	11,651,181	11,524,708
Non-controlling interest in equity of subsidiary	1,561,190	869,671
Treasury stock, 166,797 shares and 0 shares, at cost	(2,199,934)	0
Total stockholders’ equity	18,096,812	19,737,855
Total liabilities and stockholders’ equity	$ 31,535,035	$ 34,138,213

Consolidated Balance Sheets (C5

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Aug. 31, 2015	Feb. 28, 2015
Series A Preferred Stock [Member]
Preferred stock, authorized (in shares)	50,000	50,000
Undesignated Series [Member]
Preferred stock, authorized (in shares)	200,000	200,000
Common Stock, before Reorganization [Member]
Common stock, par value (in dollars per share)	$ 0.03	$ 0.03
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock issued (in shares)	0	6,012,799
Common stock, outstanding (in shares)	0	6,012,799
Common Stock, after Reorganization [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	46,000,000	46,000,000
Common stock issued (in shares)	6,018,198	0
Common stock, outstanding (in shares)	5,851,401	0
Accounts receivable, allowance for doubtful accounts	$ 783,178	$ 696,798
Notes receivable, current portion of valuation allowance	2,262	3,762
Inventories, reserve	210,667	197,658
Notes receivable, valuation allowance	$ 30,000	$ 28,500
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized (in shares)	250,000	250,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.03
Treasury stock, shares (in shares)	166,797	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Cash Flows From Operating activities
Net income	$ 2,173,579	$ 1,866,635
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	720,663	739,538
Provision for obsolete inventory	$ 57,355	21,870
Asset impairment and store closure losses		243,000
Provision for loss on accounts and notes receivable	$ 87,000	153,000
Loss (gain) on sale or disposal of property and equipment	91,266	(8,202)
Expense recorded for stock compensation	468,386	533,683
Deferred income	(304,068)	(270,489)
Deferred income taxes	119,211	(135,371)
Changes in operating assets and liabilities:
Accounts receivable	771,047	1,493,800
Inventories	571,525	(551,723)
Other current assets	(133,292)	(138,315)
Accounts payable	(276,490)	(66,702)
Accrued liabilities	(377,750)	(167,284)
Net cash provided by operating activities	3,968,432	3,713,441
Cash Flows From Investing Activities
Addition to notes receivable	(36,931)	(657,615)
Proceeds received on notes receivable	170,751	$ 254,361
Purchase of intangible assets	(37,685)
Cash received on asset sales	21,532	$ 525,000
Purchases of property and equipment	(322,373)	(398,023)
Decrease (increase) in other assets	(109,584)	(13,733)
Net cash used in investing activities	(314,290)	$ (290,010)
Cash Flows From Financing Activities
Payments on long-term debt	(598,818)
Repurchase of common stock	$ (2,886,594)	$ (691,900)
Issuance of common stock		69,599
Proceeds from issuance of common stock in subsidiary		892,895
Tax benefit of stock awards	$ 19,868	200,544
Dividends paid	(1,435,374)	(1,357,512)
Net cash used in financing activities	(4,900,918)	(886,374)
Net Increase (Decrease) in Cash and Cash Equivalents	(1,246,776)	2,537,057
Cash and Cash Equivalents, Beginning of Period	7,157,371	5,859,729
Cash and Cash Equivalents, End of Period	$ 5,910,595	$ 8,396,786

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION Nature of Operations The accompanying 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 (“RMCF”), and Aspen Leaf Yogurt, LLC (“ALY”), and its 39%-owned subsidiary, U-Swirl, Inc. (“U-Swirl”) of which, RMCF has financial and operational control (collectively, the “Company”). All intercompany balances and transactions have been eliminated in consolidation. The Company is an international franchisor, confectionery manufacturer and retail operator in the United States, Canada, Japan, South Korea and the United Arab Emirates. Founded in 1981, the Company is headquartered in Durango, Colorado and manufactures an extensive line of premium chocolate candies and other confectionery products. U-Swirl franchises and operates soft-serve frozen yogurt stores. The Company also sells its candy in selected locations outside of its system of retail stores and licenses the use of its brand with certain consumer products. Effective March 1, 2015, the Company was reorganized to create a holding company structure. The operating subsidiary with the same name, Rocky Mountain Chocolate Factory, Inc., a Colorado corporation, which was previously the public company, became a wholly-owned subsidiary of a newly formed entity, Rocky Mountain Chocolate Factory, Inc., a Delaware corporation (“Newco”), and all of the outstanding shares of common stock of RMCF, par value $0.03 per share, were exchanged on a one-for-one basis for shares of common stock, par value $0.001 per share, of Newco. The new holding company began trading on March 2, 2015 on the NASDAQ Global Market under the symbol “RMCF”, which was the same symbol used by RMCF prior to the holding company reorganization. In January 2013, through the Company’s wholly-owned subsidiaries, including ALY, the Company entered into two agreements to sell all of the assets of its ALY frozen yogurt stores, along with its interest in the self-serve frozen yogurt franchises and retail units branded as “Yogurtini” which the Company also acquired in January 2013, to U-Swirl, a publicly traded company (OTCQB: SWRL), in exchange for a 60% controlling equity interest in U-Swirl. Upon completion of these transactions, RMCF ceased to directly operate any Company-owned ALY locations or sell and support frozen yogurt franchise locations, which is now being supported by U-Swirl. As of August 31, 2015, the Company held approximately 39% of U-Swirl’s outstanding common stock. Additionally, the Company has the right to acquire approximately 28,021,300 shares of U-Swirl’s common stock as of August 31, 2015 through the conversion of outstanding debt owed by U-Swirl to the Company (see discussion of the U-Swirl Loan Agreement below). If the Company exercised this conversion right, the Company would hold approximately 73% of U-Swirl’s common stock. The U-Swirl Board of Directors is composed solely of Board members also serving on the Company’s Board of Directors. In fiscal year 2014, the Company entered into a promissory note with a third-party lender, and in turn, the Company entered into a loan and security agreement with U-Swirl (the “U-Swirl Loan Agreement”) pursuant to which U-Swirl could borrow up to $7.75 million from the Company to fund acquisitions . Borrowings under the U-Swirl Loan Agreement are payable in cash or conversion of the obligations into capital stock of U-Swirl, or a combination thereof, at the discretion of the Company. The U-Swirl Loan Agreement is secured by all of the assets of U-Swirl and its subsidiaries. U-Swirl is subject to various financial and leverage covenants under the U-Swirl Loan Agreement. U-Swirl was not compliant with the covenants at August 31, 2015. The loan covenants require U-Swirl to maintain consolidated adjusted EBITDA of $1,804,000 for the twelve months ended August 31, 2015. At August 31, 2015, U-Swirl reported $1,423,000 of adjusted EBITDA. Pursuant to the U-Swirl Loan Agreement, upon the occurrence and continuance of an event of default, among other remedies, the Company may charge interest on all amounts due under the loan at the default rate of 15% per annum, accelerate payment of all amounts due under the loan, foreclose on its security interest, and/or convert any amounts due under the loan to capital stock of U-Swirl at a premium. At August 31, 2015 we believe that the conversion of the loan into preferred stock as settlement of the obligation would result in 66% more preferred shares issued when compared to the amount issuable if U-Swirl was compliant with the loan covenants. In fiscal year 2014, U-Swirl acquired the franchise rights of frozen yogurt stores branded as “CherryBerry”, “Yogli Mogli Frozen Yogurt” and “Fuzzy Peach Frozen Yogurt”, and U-Swirl currently operates and franchises self-serve frozen yogurt cafés under the names “U-Swirl,” “Yogurtini,” “CherryBerry,” “Josie’s Frozen Yogurt,” “Yogli Mogli Frozen Yogurt,” “Fuzzy Peach Frozen Yogurt,” “Let’s Yo!,” and “Aspen Leaf Yogurt”. The Company’s revenues are currently derived from three principal sources: sales to franchisees and others of chocolates and other confectionery products manufactured by the Company; the collection of initial franchise fees, royalty and marketing fees from franchisees’ sales; and sales at Company-owned stores of chocolates, frozen yogurt, and other confectionery products. The following table summarizes the number of stores operated by the Company, its franchisees and licensees at August 31, 2015: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 3 3 Franchise stores – Domestic stores 2 194 196 Franchise stores – Domestic kiosks - 5 5 International License Stores 1 70 71 Cold Stone Creamery – co-branded 7 72 79 U-Swirl (Including all associated brands) Company-owned stores - 6 6 Company-owned stores – co-branded - 3 3 Franchise stores – Domestic stores * 221 221 Franchise stores – Domestic – co-branded * 14 14 International License Stores 2 8 10 Total 12 596 608 *U-Swirl cafés and the brands franchised by U-Swirl have historically utilized a development area sales model. The result is that many areas are under development, and the rights to open cafés within the development areas have been established, but there is no assurance that any individual development area will result in a determinable number of café openings. Basis of Presentation The accompanying consolidated financial statements have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial reporting and Securities and Exchange Commission 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. Certain amounts previously presented for prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net income, working capital or equity previously reported. 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 six months ended August 31, 2015 are not necessarily indicative of the results to be expected for the entire fiscal year. 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 28, 2015. Subsequent Events Management evaluated all 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. New Accounting Pronouncements In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2015-16, which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The standard will be effective for us in the first quarter of our fiscal year 2017, although early adoption is permitted. We do not expect that the adoption of this ASU will have a significant impact on our consolidated financial statements. In July 2015, FASB issued ASU 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory, which changes the measurement principle for inventory from the lower of cost or market to the lower of cost and net realizable value. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The new guidance must be applied on a prospective basis and is effective for fiscal years beginning after December 15, 2015, and interim periods within those years, with early adoption permitted. The Company does not believe the implementation of this standard will have a material impact on our consolidated financial statements. In April 2015, FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs would not be affected by the amendments in ASU 2015-03. ASU 2015-03 will be effective for fiscal years beginning after December 15, 2015. When adopted, ASU 2015-03 is not expected to have a material impact on our consolidated financial statements. In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry-specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. Other major provisions include the capitalization and amortization of certain contract costs, ensuring the time value of money is considered in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The amendments in this ASU are effective for reporting periods beginning after December 15, 2016; however, in July 2015, the FASB agreed to delay the effective date by one year. The proposed deferral may permit early adoption, but would not allow adoption any earlier than the original effective date of the standard. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. We are currently assessing the impact the adoption of ASU 2014-09, including possible transition alternatives, will have on our consolidated financial statements.

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 2 - EARNINGS PER SHARE Basic earnings per share is calculated using the weighted-average number of shares of common stock outstanding. Diluted earnings per share reflects the potential dilution that could occur from common stock issuable through stock options and restricted stock units. For the three months ended August 31, 2015, there were 12,936 stock options excluded from the computation of earnings per share, compared with 12,936 stock options excluded from the computation of earnings per share for the three months ended August 31, 2014 because their effect would have been anti-dilutive. For the six months ended August 31, 2015 and 2014, 12,936 and 12,936 stock options, respectively, were excluded from the computation of earnings per share because their effect would have been anti-dilutive. Restricted stock units become dilutive within the period granted and remain dilutive until the units vest and are issued as common stock.

Note 3 - Inventories

Note 3 - Inventories	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 – INVENTORIES Inventories consist of the following: August 31, 2015 February 28, 2015 Ingredients and supplies $ 2,486,557 $ 2,755,232 Finished candy 2,171,403 2,130,133 U-Swirl, Inc. food and packaging 98,954 97,669 Reserve for slow moving inventory (210,667 ) (197,658 ) Total inventories $ 4,546,247 $ 4,785,376

Note 4 - Property and Equipment

Note 4 - Property and Equipment, Net	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 - PROPERTY AND EQUIPMENT, NET Property and equipment consists of the following: August 31, 2015 February 28, 2015 Land $ 513,618 $ 513,618 Building 4,773,563 4,774,825 Machinery and equipment 9,603,799 10,120,865 Furniture and fixtures 1,202,247 1,224,433 Leasehold improvements 1,955,845 2,056,244 Transportation equipment 432,154 427,727 Asset Impairment (290,640 ) (290,640 ) 18,190,586 18,827,072 Less accumulated depreciation (11,723,329 ) (12,029,536 ) Property and equipment, net $ 6,467,257 $ 6,797,536

Note 5 - Stockholders' Equity

Note 5 - Stockholders' Equity	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5 - STOCKHOLDERS’ EQUITY Cash Dividend The Company paid a quarterly cash dividend of $0.12 per share of common stock on March 13, 2015 to stockholders of record on February 27, 2015. The Company paid a quarterly cash dividend of $0.12 per share of common stock on June 12, 2015 to stockholders of record on June 2, 2015. The Company declared a quarterly cash dividend of $0.12 per share of common stock on August 20, 2015 payable on September 11, 2015 to stockholders of record on September 1, 2015. Future declaration of dividends will depend on, among other things, the Company's results of operations, capital requirements, financial condition and on such other factors as the Company's Board of Directors may in its discretion consider relevant and in the best long term interest of the Company’s stockholders. Stock Repurchases On July 15, 2014, the Company publicly announced a plan to repurchase up to $3.0 million of its common stock in the open market or in private transactions, whenever deemed appropriate by management. On January 13, 2015, the Company announced a plan to purchase up to an additional $2,058,000 of its common stock under the repurchase plan, and on May 21, 2015, the Company announced a further increase to the repurchase plan by authorizing the purchase of up to an additional $2,090,000 of its common stock under the repurchase plan. During the three months ended May 31, 2015, the Company repurchased 75,968 shares under the repurchase plan at an average price of $13.62 per share. During the three months ended August 31, 2015, the Company repurchased 145,329 shares under the repurchase plan at an average price of $12.75 per share. As of August 31, 2015, approximately $1,133,818 remains available under the repurchase plan for further stock repurchases. Stock-Based Compensation At August 31, 2015, the Company had stock-based compensation plans for employees and non-employee directors that authorized the granting of stock awards, including stock options and restricted stock units. The Company recognized $147,353 and $468,386 of stock-based compensation expense during the three- and six-month periods ended August 31, 2015, respectively, compared to $236,911 and $533,683 during the three- and six-month periods ended August 31, 2014, respectively. Compensation costs related to stock-based compensation are generally amortized over the vesting period of the stock awards. The following table summarizes stock option activity during the six months ended August 31, 2015 and 2014: Six Months Ended August 31, 2015 2014 Outstanding stock options as of February 28: 12,936 155,880 Granted - - Exercised - (142,944 ) Cancelled/forfeited - - Outstanding stock options as of August 31: 12,936 12,936 Weighted average exercise price $ 14.70 $ 14.70 Weighted average remaining contractual term (in years) 0.54 1.54 The following table summarizes restricted stock unit activity during the six months ended August 31, 2015 and 2014: Six Months Ended August 31, 2015 2014 Outstanding non-vested restricted stock units as of February 28: 237,641 295,040 Granted - - Vested (55,899 ) (56,199 ) Cancelled/forfeited - - Outstanding non-vested restricted stock units as of August 31: 181,742 238,841 Weighted average grant date fair value $ 12.22 $ 12.14 Weighted average remaining vesting period (in years) 3.72 4.58 During the six months ended August 31, 2015, the Company granted 4,000 fully vested, unrestricted shares of common stock to non-employee directors compared with the grant of 4,000 fully vested, unrestricted shares of common stock to non-employee directors in the six months ended August 31, 2014. There were no unrestricted shares of common stock granted during the three-month periods ended August 31, 2015 or 2014. In connection with these non-employee director stock grants, the Company recognized $61,040 and $47,480 of stock-based compensation expense during the six-month periods ended August 31, 2015 and 2014, respectively. During the three- and six-month periods ended August 31, 2015, the Company recognized $147,353 and $307,846, respectively, of stock-based compensation expense related to non-vested, non-forfeited restricted stock unit grants. The restricted stock unit grants generally vest between 17% and 20% annually over a period of five to six years. During the six-month periods ended August 31, 2015 and 2014, 55,899 and 56,199 restricted stock units vested and were issued as common stock, respectively. Total unrecognized compensation expense of non-vested, non-forfeited restricted stock units granted as of August 31, 2015 was $2,159,172, which is expected to be recognized over the weighted-average period of 3.7 years. The Company recognized $0 and $99,250 of U-Swirl stock-based compensation expense during the three and six months ended August 31, 2015, respectively, compared with $69,929 and $152,519 recognized during the three and six months ended August 31, 2014, respectively.

Note 6 - Supplemental Cash Flow

Note 6 - Supplemental Cash Flow Information	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 6 – SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended August 31, Cash paid for: 2015 2014 Interest $ 92,360 $ 95,734 Income taxes 825,673 732,064 Non-Cash Operating Activities Accrued Inventory 389,751 294,007 Non-Cash Financing Activities Dividend Payable $ 702,444 $ 682,399 Sale of assets and inventory to buyers for notes receivable: Long-lived assets 127,500 275,000 Inventory - 5,433 Accounts receivable 5,000 - Other assets 75,000 -

Note 7 - Operating Segments

Note 7 - Operating Segments	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 7 - OPERATING SEGMENTS The Company classifies its business interests into five reportable segments: Franchising, Manufacturing, Retail Stores, U-Swirl, Inc. and Other. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 to these consolidated financial statements and Note 1 to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2015. The Company evaluates performance and allocates resources based on operating contribution, which excludes unallocated Three Months Ended August 31, 2015 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 1,581,692 $ 5,540,446 $ 453,456 $ 2,072,412 $ - $ 9,648,006 Intersegment revenues (1,292 ) (372,160 ) - - - (373,452 ) Revenue from external customers 1,580,400 5,168,286 453,456 2,072,412 - 9,274,554 Segment profit (loss) 753,069 1,386,403 12,891 422,228 (919,626 ) 1,654,965 Total assets 1,375,082 10,992,912 1,020,538 13,064,904 5,081,599 31,535,035 Capital expenditures 22,709 74,753 960 22,274 9,494 130,190 Total depreciation & amortization 9,284 101,344 4,699 198,373 42,113 355,813 Three Months Ended August 31, 2014 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 1,597,064 $ 5,146,682 $ 592,392 $ 2,492,820 $ - $ 9,828,958 Intersegment revenues (898 ) (370,612 ) - - - (371,510 ) Revenue from external customers 1,596,166 4,776,070 592,392 2,492,820 - 9,457,448 Segment profit (loss) 848,139 1,374,396 31,777 32,079 (904,027 ) 1,382,364 Total assets 1,335,567 12,004,854 1,138,616 15,719,423 8,452,732 38,651,192 Capital expenditures 6,702 205,669 17,765 23,679 25,014 278,829 Total depreciation & amortization 10,682 101,346 7,693 206,735 38,671 365,127 Six Months Ended August 31, 2015 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 3,132,134 $ 12,162,814 $ 834,114 $ 4,182,209 $ - $ 20,311,271 Intersegment revenues (2,715 ) (669,980 ) - - - (672,695 ) Revenue from external customers 3,129,419 11,492,834 834,114 4,182,209 - 19,638,576 Segment profit (loss) 1,509,982 2,786,007 (28,139 ) 686,644 (1,933,870 ) 3,020,624 Total assets 1,375,082 10,992,912 1,020,538 13,064,904 5,081,599 31,535,035 Capital expenditures 22,709 220,824 960 38,472 39,407 322,372 Total depreciation & amortization 19,571 203,860 10,595 401,550 85,087 720,663 Six Months Ended August 31, 2014 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 3,045,328 $ 11,337,343 $ 1,095,183 $ 4,994,512 $ - $ 20,472,366 Intersegment revenues (1,510 ) (691,202 ) - - - (692,712 ) Revenue from external customers 3,043,818 10,646,141 1,095,183 4,994,512 - 19,779,654 Segment profit (loss) 1,484,322 2,856,060 (35,339 ) 232,439 (1,857,182 ) 2,680,300 Total assets 1,335,567 12,004,854 1,138,616 15,719,423 8,452,732 38,651,192 Capital expenditures 6,702 266,774 33,853 63,352 27,342 398,023 Total depreciation & amortization 20,731 191,505 17,141 432,835 77,326 739,538 Revenue from one customer of the Company’s Manufacturing segment represented approximately $2.3 million, or 11.8 percent, of the Company’s revenues from external customers during the six months ended August 31, 2015, compared to $1.9 million, or 9.8 percent of the Company’s revenues from external customers during the six months ended August 31, 2014.

Note 8 - Goodwill and Intangibl

Note 8 - Goodwill and Intangible Assets	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 8 – GOODWILL AND INTANGIBLE ASSETS Intangible assets consist of the following: August 31, 2015 February 28, 2015 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 208,903 $ 220,778 $ 208,152 Packaging licenses 3 - 5 120,830 120,830 120,830 120,830 Packaging design 10 430,973 430,973 430,973 430,973 Trademark/Non competition agreements 5 - 20 459,340 41,340 459,340 31,538 Franchise Rights 20 5,887,977 580,816 5,850,290 410,830 Total 7,119,898 1,382,862 7,082,211 1,202,323 Intangible assets not subject to amortization Franchising segment- Company stores goodwill 1,122,328 267,020 1,122,328 267,020 Franchising goodwill 2,202,529 197,682 2,202,529 197,682 Manufacturing segment-Goodwill 295,000 197,682 295,000 197,682 Trademark 20,000 - 20,000 - Total Goodwill 3,639,857 662,384 3,639,857 662,384 Total Intangible Assets $ 10,759,755 $ 2,045,246 $ 10,722,068 $ 1,864,707 Effective March 1, 2002, under Accounting Standards Codification Topic 350, all goodwill with indefinite lives is no longer subject to amortization. Accumulated amortization related to intangible assets not subject to amortization is a result of amortization expense related to indefinite life goodwill incurred prior to March 1, 2002. Amortization expense related to intangible assets totaled $186,506 and $183,860 during the six months ended August 31, 2015 and 2014, respectively. At August 31, 2015, annual amortization of intangible assets, based upon our existing intangible assets and current useful lives, is estimated to be the following: 2016 $ 190,494 2017 403,756 2018 419,856 2019 426,286 2020 413,129 Thereafter 3,883,515 Total $ 5,737,036

Note 9 - Other Accrued Liabilit

Note 9 - Other Accrued Liabilities	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 9 – OTHER ACCRUED LIABILITIES Other accrued expenses consisted of the following as of August 31, 2015 and February 28, 2015: August 31, 2015 February 28, 2015 Gift card liabilities 2,595,305 2,571,525 Other accrued expenses 385,775 339,252 Total other accrued expenses $ 2,981,080 $ 2,910,777

Note 10 - Related Party Transac

Note 10 - Related Party Transactions	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 10 – RELATED PARTY TRANSACTIONS Our President and Chief Executive Officer has members of his immediate family with ownership interests in retail marketing businesses. These businesses have, on occasion, provided services to the Company and may provide services in the future. For the six months ended August 31, 2015, the Company paid $18,354 and no amount was recorded to accounts payable that related to these businesses. Transactions with these businesses have been immaterial to our results of operations. During the three months ended August 31, 2015 we entered into stock purchase agreements with each of (i) Franklin Crail, the Company’s Chief Executive Officer, President and Chairman of the Board, (ii) Bryan Merryman, the Company’s Chief Operating Officer, Chief Financial Officer, Treasurer and a director, and (iii) Edward Dudley, the Company’s Senior Vice President - Sales and Marketing, pursuant to which the Company purchased an aggregate of 54,500 shares of the Company’s common stock from Messrs. Crail, Merryman and Dudley (the “Stock Purchase Agreements”) at an average price of $12.60 per share. The price the Company paid for the shares was at a 3% discount to the closing price of the Company’s common stock on the transaction date.

Note 11 - Restructuring and Acq

Note 11 - Restructuring and Acquisition Related Charges	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 11 – RESTRUCTURING AND ACQUISITION RELATED CHARGES In connection with the acquisitions of the assets of CherryBerry, Yogli Mogli and Fuzzy Peach in fiscal year 2014, the Company recorded net restructuring charges of $124,551 during the six months ended August 31, 2014 associated with these acquisitions. These charges were primarily the result of professional fees for due diligence, valuation, audit and other activities in connection with these acquisitions. On September 4, 2014, Ulderico Conte, Henry E. Cartwright and Terry A. Cartwright resigned as directors and officers of U-Swirl. Also on September 4, 2014, the U-Swirl Board of Directors appointed Bryan J. Merryman as the Chairman of the Board, replacing Franklin E. Crail. Mr. Merryman currently serves as the Chief Operating Officer and Chief Financial Officer of the Company. In connection with these management changes, U-Swirl announced an operational restructuring designed to enhance U-Swirl’s operating efficiencies, improve its franchise support capabilities, and rationalize its cost structure. This restructuring resulted in expense associated with termination of certain employment agreements, severance payments for other employees and expense associated with the impairment of certain long-lived leasehold improvement, property and equipment. The Company recorded restructuring charges of $584,661 during the six months ended August 31, 2014 associated with this operational restructuring. Total restructuring and acquisition charges incurred were comprised of the following for the six months ended August 31, 2014: Professional fees $ 186,011 Severance/transitional compensation 212,027 Leasehold improvements, property and equipment impairment of long-lived assets 243,000 Acceleration of restricted stock unit vesting 65,049 Other 3,125 Total $ 709,212 The Company did not record any restructuring charges during the six months ended August 31, 2015.

Note 12 - Sale or Distribution

Note 12 - Sale or Distribution of Assets	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Sale or Distribution of Assets [Text Block]	NOTE 12 – SALE OR DISTRIBUTION OF ASSETS During the three months ended August 31, 2015, the Company sold one Company-owned Rocky Mountain Chocolate Factory location and financed the upgrade and reopening of a former franchised Rocky Mountain Chocolate Factory location. During the three months ended August 31, 2014, the Company sold one Company-owned Rocky Mountain Chocolate Factory location and four U-Swirl Company–owned cafés. These locations were sold for a combination of cash and notes receivable. Associated with these asset disposal activities, the Company recorded the following in the six months ended August 31, 2015 and 2014: 2015 2014 Cash received on asset sales $ - $ 525,000 Notes receivable 264,433 431,244

Note 13 - Note Payable

Note 13 - Note Payable	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 13 – NOTE PAYABLE The Company’s long-term debt is comprised of a promissory note, the proceeds of which were loaned to U-Swirl and used to finance U-Swirl’s business acquisitions (unpaid balance as of August 31, 2015, $5.7 million). As more fully described in Note 1, the Company and U-Swirl entered into the U-Swirl Loan Agreement pursuant to which U-Swirl could borrow up to $7.75 million from the Company to fund acquisitions . Pursuant to applicable accounting rules, the U-Swirl Loan Agreement is an intercompany balance and transaction that is eliminated in consolidation. As of August 31, 2015 and February 28, 2015, notes payable consisted of the following: August 31, 2015 February 28, 2015 Promissory note 5,693,549 $ 6,292,367 Less: current maturities (1,230,240 ) (1,208,888 ) Long-term obligations 4,463,309 $ 5,083,479 The following table summarizes annual maturities of our notes payable as of August 31, 2015: Amount 2016 $ 608,426 2017 1,254,007 2018 1,302,526 2019 1,352,921 Thereafter 1,175,669 Total minimum payments 5,693,549 Less: current maturities (1,230,240 ) Long-term obligations $ 4,463,309

Note 14 - Contingencies

Note 14 - Contingencies	6 Months Ended
	Aug. 31, 2015
Notes to Financial Statements
Contingencies Disclosure [Text Block]	NOTE 14 - CONTINGENCIES In January 2014, U-Swirl entered into an Asset Purchase Agreement (the “CherryBerry Purchase Agreement”) with CherryBerry Enterprises LLC, CherryBerry Corporate LLC, CherryBerry LLC, and their respective owners (collectively, the CherryBerry Selling Parties”), pursuant to which U-Swirl acquired the franchise rights of frozen yogurt stores branded as “CherryBerry” (the “CherryBerry Acquisition”). As a part of the consideration for the CherryBerry Acquisition, U-Swirl agreed to issue an aggregate of 4,000,000 shares of U-Swirl common stock (the “CB Shares”) to the CherryBerry Selling Parties, which were subject to a one-year lock-up agreement. The CB Shares were issued to the CherryBerry Selling Parties in February 2015. Pursuant to the terms of the CherryBerry Purchase Agreement, following expiration of the lock-up period, if any of the CherryBerry Selling Parties desired to sell their CB Shares, they must first offer such shares to U-Swirl and RMCF prior to any sale of the CB Shares on the open market. If the proceeds from the sale of any of the CB Shares is less than $0.50 per share and the CherryBerry Selling Parties comply with other terms of the CherryBerry Purchase Agreement, U-Swirl agreed to pay a shortfall payment equal to the difference of the sale price of the CB Shares and $0.50 per share, multiplied by the number of shares sold by the CherryBerry Selling Parties. If U-Swirl was required to pay the shortfall payment at August 31, 2015, the shortfall payment would approximate $1,640,000. U-Swirl determined the likelihood of incurring the liability to be less than probable and has not recorded a contingent liability at August 31, 2015. In July and August 2015, the CherryBerry Selling Parties submitted to U-Swirl several requests for payment of approximately $205,000 of shortfall payments based on the sale of a portion of the CB Shares. On August 25, 2015, U-Swirl filed a lawsuit against the CherryBerry Selling Parties, a former officer and director of U-Swirl and unknown other parties, in the District Court for La Plata County, Colorado, alleging wrongful actions on their part to cause the price of U-Swirl’s common stock to decline and thereafter making an improper demand for the shortfall payment described above, and certain other actions in violation of various provisions of the CherryBerry Purchase Agreement. U-Swirl seeks unspecified damages, attorneys’ fees, other costs, and a determination that the shortfall payment arrangement is void. On September 30, 2015, the CherryBerry Selling Parties filed an answer and counterclaim to the lawsuit in the U.S. District Court for the District of Colorado, and moved the lawsuit to federal court in the U.S. District Court for the District of Colorado. The counterclaim added RMCF to the lawsuit, and alleges that U-Swirl materially breached the CherryBerry Purchase Agreement by not paying the shortfall payment, that U-Swirl is the alter ego of RMCF and RMCF is liable for any obligations of U-Swirl, and that the U-Swirl Loan Agreement should be recharacterized as equity. The CherryBerry Selling Parties seek payment in full of the shortfall payment under the CherryBerry Purchase Agreement, declaratory judgements that U-Swirl is the alter ego of RMCF and the U-Swirl Loan Agreement should be recharacterized as equity, and interest, attorneys’ fees, costs and other equitable relief. The lawsuit is currently in the early stages of litigation. U-Swirl intends to pursue its claims in the lawsuit, and U-Swirl and RMCF intend to defend the counterclaim vigorously. It is not possible at this time to predict the outcome of this matter or reasonably estimate any potential loss.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial reporting and Securities and Exchange Commission 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. Certain amounts previously presented for prior periods have been reclassified to conform to the current presentation. The reclassifications had no effect on net income, working capital or equity previously reported. 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 six months ended August 31, 2015 are not necessarily indicative of the results to be expected for the entire fiscal year. 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 28, 2015. Subsequent Events Management evaluated all 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.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs would not be affected by the amendments in ASU 2015-03. ASU 2015-03 will be effective for fiscal years beginning after December 15, 2015. We are currently evaluating the impact that the adoption of ASU 2015-03 may have on our consolidated financial statements or disclosures. In May 2014, FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, and is to be applied retrospectively. Early adoption is permitted for years beginning after December 15, 2016. The Company is currently evaluating the new standard.

Note 1 - Nature of Operations22

Note 1 - Nature of Operations and Basis of Presentation (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Number of Stores [Table Text Block]	Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 3 3 Franchise stores – Domestic stores 2 194 196 Franchise stores – Domestic kiosks - 5 5 International License Stores 1 70 71 Cold Stone Creamery – co-branded 7 72 79 U-Swirl (Including all associated brands) Company-owned stores - 6 6 Company-owned stores – co-branded - 3 3 Franchise stores – Domestic stores * 221 221 Franchise stores – Domestic – co-branded * 14 14 International License Stores 2 8 10 Total 12 596 608

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	August 31, 2015 February 28, 2015 Ingredients and supplies $ 2,486,557 $ 2,755,232 Finished candy 2,171,403 2,130,133 U-Swirl, Inc. food and packaging 98,954 97,669 Reserve for slow moving inventory (210,667 ) (197,658 ) Total inventories $ 4,546,247 $ 4,785,376

Note 4 - Property and Equipme24

Note 4 - Property and Equipment, Net (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Property, Plant and Equipment [Table Text Block]	August 31, 2015 February 28, 2015 Land $ 513,618 $ 513,618 Building 4,773,563 4,774,825 Machinery and equipment 9,603,799 10,120,865 Furniture and fixtures 1,202,247 1,224,433 Leasehold improvements 1,955,845 2,056,244 Transportation equipment 432,154 427,727 Asset Impairment (290,640 ) (290,640 ) 18,190,586 18,827,072 Less accumulated depreciation (11,723,329 ) (12,029,536 ) Property and equipment, net $ 6,467,257 $ 6,797,536

Note 5 - Stockholders' Equity (

Note 5 - Stockholders' Equity (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Six Months Ended August 31, 2015 2014 Outstanding stock options as of February 28: 12,936 155,880 Granted - - Exercised - (142,944 ) Cancelled/forfeited - - Outstanding stock options as of August 31: 12,936 12,936 Weighted average exercise price $ 14.70 $ 14.70 Weighted average remaining contractual term (in years) 0.54 1.54
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Six Months Ended August 31, 2015 2014 Outstanding non-vested restricted stock units as of February 28: 237,641 295,040 Granted - - Vested (55,899 ) (56,199 ) Cancelled/forfeited - - Outstanding non-vested restricted stock units as of August 31: 181,742 238,841 Weighted average grant date fair value $ 12.22 $ 12.14 Weighted average remaining vesting period (in years) 3.72 4.58

Note 6 - Supplemental Cash Fl26

Note 6 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended August 31, Cash paid for: 2015 2014 Interest $ 92,360 $ 95,734 Income taxes 825,673 732,064 Non-Cash Operating Activities Accrued Inventory 389,751 294,007 Non-Cash Financing Activities Dividend Payable $ 702,444 $ 682,399 Sale of assets and inventory to buyers for notes receivable: Long-lived assets 127,500 275,000 Inventory - 5,433 Accounts receivable 5,000 - Other assets 75,000 -

Note 7 - Operating Segments (Ta

Note 7 - Operating Segments (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 1,581,692 $ 5,540,446 $ 453,456 $ 2,072,412 $ - $ 9,648,006 Intersegment revenues (1,292 ) (372,160 ) - - - (373,452 ) Revenue from external customers 1,580,400 5,168,286 453,456 2,072,412 - 9,274,554 Segment profit (loss) 753,069 1,386,403 12,891 422,228 (919,626 ) 1,654,965 Total assets 1,375,082 10,992,912 1,020,538 13,064,904 5,081,599 31,535,035 Capital expenditures 22,709 74,753 960 22,274 9,494 130,190 Total depreciation & amortization 9,284 101,344 4,699 198,373 42,113 355,813 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 1,597,064 $ 5,146,682 $ 592,392 $ 2,492,820 $ - $ 9,828,958 Intersegment revenues (898 ) (370,612 ) - - - (371,510 ) Revenue from external customers 1,596,166 4,776,070 592,392 2,492,820 - 9,457,448 Segment profit (loss) 848,139 1,374,396 31,777 32,079 (904,027 ) 1,382,364 Total assets 1,335,567 12,004,854 1,138,616 15,719,423 8,452,732 38,651,192 Capital expenditures 6,702 205,669 17,765 23,679 25,014 278,829 Total depreciation & amortization 10,682 101,346 7,693 206,735 38,671 365,127 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 3,132,134 $ 12,162,814 $ 834,114 $ 4,182,209 $ - $ 20,311,271 Intersegment revenues (2,715 ) (669,980 ) - - - (672,695 ) Revenue from external customers 3,129,419 11,492,834 834,114 4,182,209 - 19,638,576 Segment profit (loss) 1,509,982 2,786,007 (28,139 ) 686,644 (1,933,870 ) 3,020,624 Total assets 1,375,082 10,992,912 1,020,538 13,064,904 5,081,599 31,535,035 Capital expenditures 22,709 220,824 960 38,472 39,407 322,372 Total depreciation & amortization 19,571 203,860 10,595 401,550 85,087 720,663 Franchising Manufacturing Retail U-Swirl, Inc. Other Total Total revenues $ 3,045,328 $ 11,337,343 $ 1,095,183 $ 4,994,512 $ - $ 20,472,366 Intersegment revenues (1,510 ) (691,202 ) - - - (692,712 ) Revenue from external customers 3,043,818 10,646,141 1,095,183 4,994,512 - 19,779,654 Segment profit (loss) 1,484,322 2,856,060 (35,339 ) 232,439 (1,857,182 ) 2,680,300 Total assets 1,335,567 12,004,854 1,138,616 15,719,423 8,452,732 38,651,192 Capital expenditures 6,702 266,774 33,853 63,352 27,342 398,023 Total depreciation & amortization 20,731 191,505 17,141 432,835 77,326 739,538

Note 8 - Goodwill and Intangi28

Note 8 - Goodwill and Intangible Assets (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	August 31, 2015 February 28, 2015 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 208,903 $ 220,778 $ 208,152 Packaging licenses 3 - 5 120,830 120,830 120,830 120,830 Packaging design 10 430,973 430,973 430,973 430,973 Trademark/Non competition agreements 5 - 20 459,340 41,340 459,340 31,538 Franchise Rights 20 5,887,977 580,816 5,850,290 410,830 Total 7,119,898 1,382,862 7,082,211 1,202,323 Intangible assets not subject to amortization Franchising segment- Company stores goodwill 1,122,328 267,020 1,122,328 267,020 Franchising goodwill 2,202,529 197,682 2,202,529 197,682 Manufacturing segment-Goodwill 295,000 197,682 295,000 197,682 Trademark 20,000 - 20,000 - Total Goodwill 3,639,857 662,384 3,639,857 662,384 Total Intangible Assets $ 10,759,755 $ 2,045,246 $ 10,722,068 $ 1,864,707
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2016 $ 190,494 2017 403,756 2018 419,856 2019 426,286 2020 413,129 Thereafter 3,883,515 Total $ 5,737,036

Note 9 - Other Accrued Liabil29

Note 9 - Other Accrued Liabilities (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	August 31, 2015 February 28, 2015 Gift card liabilities 2,595,305 2,571,525 Other accrued expenses 385,775 339,252 Total other accrued expenses $ 2,981,080 $ 2,910,777

Note 11 - Restructuring and A30

Note 11 - Restructuring and Acquisition Related Charges (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Restructuring and Related Costs [Table Text Block]	Professional fees $ 186,011 Severance/transitional compensation 212,027 Leasehold improvements, property and equipment impairment of long-lived assets 243,000 Acceleration of restricted stock unit vesting 65,049 Other 3,125 Total $ 709,212

Note 12 - Sale or Distributio31

Note 12 - Sale or Distribution of Assets (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Sale or Distribution of Assets [Table Text Block]	2015 2014 Cash received on asset sales $ - $ 525,000 Notes receivable 264,433 431,244

Note 13 - Note Payable (Tables)

Note 13 - Note Payable (Tables)	6 Months Ended
	Aug. 31, 2015
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	August 31, 2015 February 28, 2015 Promissory note 5,693,549 $ 6,292,367 Less: current maturities (1,230,240 ) (1,208,888 ) Long-term obligations 4,463,309 $ 5,083,479
Schedule of Maturities of Long-term Debt [Table Text Block]	Amount 2016 $ 608,426 2017 1,254,007 2018 1,302,526 2019 1,352,921 Thereafter 1,175,669 Total minimum payments 5,693,549 Less: current maturities (1,230,240 ) Long-term obligations $ 4,463,309

Note 1 - Nature of Operations33

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Aug. 31, 2015	Aug. 31, 2015	Feb. 28, 2015	Feb. 28, 2014	Jan. 14, 2013
USwirl Inc [Member] | U-Swirl Loan Agreement [Member]
Debt Agreement, Maximum Borrowing Capacity	$ 7,750,000	$ 7,750,000		$ 7,750,000
USwirl Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	39.00%	39.00%
Equity Method Investment, Ownership Percentage					60.00%
EBITDA Requirement		$ 1,804,000
EBITDA	$ 1,423,000
DebtInstrumentDefaultInterestRate	15.00%
Debt Conversion, Additional Percentage of Preferred Stock Issued	66.00%
USwirl Inc [Member]
Investment, Right to Acquire Shares					28,021,300
USwirl Inc [Member] | Shares Acquired [Member]
Equity Method Investment, Ownership Percentage					73.00%
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001	$ 0.03

Note 1 - Nature of Operations34

Note 1 - Nature of Operations and Basis of Presentation - Number of Stores (Details)	Aug. 31, 2015
Company Owned Stores [Member] | Sold Not Yet Open [Member] | Parent Company [Member]
Number of stores	0
Company Owned Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	0
Company Owned Stores [Member] | Open [Member] | Parent Company [Member]
Number of stores	3
Company Owned Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	6
Company Owned Stores [Member] | Parent Company [Member]
Number of stores	3
Company Owned Stores [Member] | USwirl Inc [Member]
Number of stores	6
Franchise Stores - Domestic Stores [Member] | Sold Not Yet Open [Member] | Parent Company [Member]
Number of stores	2
Franchise Stores - Domestic Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores		[1]
Franchise Stores - Domestic Stores [Member] | Open [Member] | Parent Company [Member]
Number of stores	194
Franchise Stores - Domestic Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	221
Franchise Stores - Domestic Stores [Member] | Parent Company [Member]
Number of stores	196
Franchise Stores - Domestic Stores [Member] | USwirl Inc [Member]
Number of stores	221
Franchise Stores - Domestic Kiosks [Member] | Sold Not Yet Open [Member] | Parent Company [Member]
Number of stores	0
Franchise Stores - Domestic Kiosks [Member] | Open [Member] | Parent Company [Member]
Number of stores	5
Franchise Stores - Domestic Kiosks [Member] | Parent Company [Member]
Number of stores	5
International License Stores [Member] | Sold Not Yet Open [Member] | Parent Company [Member]
Number of stores	1
International License Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	2
International License Stores [Member] | Open [Member] | Parent Company [Member]
Number of stores	70
International License Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	8
International License Stores [Member] | Parent Company [Member]
Number of stores	71
International License Stores [Member] | USwirl Inc [Member]
Number of stores	10
Cold Stone Creamery - Co-Branded [Member] | Sold Not Yet Open [Member] | Parent Company [Member]
Number of stores	7
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Parent Company [Member]
Number of stores	72
Cold Stone Creamery - Co-Branded [Member] | Parent Company [Member]
Number of stores	79
Company Owned Stores Co-branded [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	0
Company Owned Stores Co-branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	3
Company Owned Stores Co-branded [Member] | USwirl Inc [Member]
Number of stores	3
Franchise Stores Co-branded [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores		[1]
Franchise Stores Co-branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	14
Franchise Stores Co-branded [Member] | USwirl Inc [Member]
Number of stores	14
Sold Not Yet Open [Member]
Number of stores	12
Open [Member]
Number of stores	596
Number of stores	608
[1]	U-Swirl cafés and the brands franchised by U-Swirl have historically utilized a development area sales model. The result is that many areas are under development, and the rights to open cafés within the development areas have been established, but there is no assurance that any individual development area will result in a determinable number of café openings.

Note 2 - Earnings Per Share (De

Note 2 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,936	12,936	12,936	12,936

Note 3 - Inventories - Inventor

Note 3 - Inventories - Inventories (Details) - USD ($)	Aug. 31, 2015	Feb. 28, 2015
Ingredients and supplies	$ 2,486,557	$ 2,755,232
Finished candy	2,171,403	2,130,133
U-Swirl, Inc. food and packaging	98,954	97,669
Reserve for slow moving inventory	(210,667)	(197,658)
Total inventories	$ 4,546,247	$ 4,785,376

Note 4 - Property and Equipme37

Note 4 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Aug. 31, 2015	Feb. 28, 2015
Land [Member]
Property, plant and equipment, gross	$ 513,618	$ 513,618
Building [Member]
Property, plant and equipment, gross	4,773,563	4,774,825
Machinery and Equipment [Member]
Property, plant and equipment, gross	9,603,799	10,120,865
Furniture and Fixtures [Member]
Property, plant and equipment, gross	1,202,247	1,224,433
Leasehold Improvements [Member]
Property, plant and equipment, gross	1,955,845	2,056,244
Transportation Equipment [Member]
Property, plant and equipment, gross	432,154	427,727
Property, plant and equipment, gross	18,190,586	18,827,072
Asset Impairment	(290,640)	(290,640)
Less accumulated depreciation	(11,723,329)	(12,029,536)
Property and equipment, net	$ 6,467,257	$ 6,797,536

Note 5 - Stockholders' Equity38

Note 5 - Stockholders' Equity (Details Textual) - USD ($)	Aug. 20, 2015	Jun. 12, 2015	Mar. 13, 2015	Aug. 31, 2015	May. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014	May. 21, 2015	Jan. 13, 2015	Jul. 15, 2014
Unrestricted Shares of Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross				0		0	4,000	4,000
Allocated Share-based Compensation Expense							$ 61,040	$ 47,480
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				17.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				5 years
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				6 years
Restricted Stock Units (RSUs) [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross				55,899		56,199	55,899	56,199
Allocated Share-based Compensation Expense				$ 147,353			$ 307,846
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				$ 2,159,172			2,159,172
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				3 years 255 days
USwirl Inc [Member]
Allocated Share-based Compensation Expense				$ 0		$ 69,929	99,250	$ 152,519
Common Stock, Dividends, Per Share, Cash Paid		$ 0.12	$ 0.12
Common Stock, Dividends, Per Share, Declared	$ 0.12
Stock Repurchase Program, Authorized Amount										$ 2,058,000	$ 3,000,000
Stock Repurchase Program, Additional Authorized Amount									$ 2,090,000
Stock Repurchased and Retired During Period, Shares				145,329	75,968
Treasury Stock Acquired, Average Cost Per Share				$ 12.75	$ 13.62
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 1,133,818			1,133,818
Allocated Share-based Compensation Expense				$ 147,353		$ 236,911	$ 468,386	$ 533,683

Note 5 - Stock Option Transacti

Note 5 - Stock Option Transaction for Common Stock (Details) - $ / shares	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Outstanding stock options as of February 28: (in shares)	12,936	155,880
Granted (in shares)	0	0
Exercised (in shares)	0	(142,944)
Cancelled/forfeited (in shares)	0	0
Outstanding stock options as of August 31: (in shares)	12,936	12,936
Weighted average exercise price (in dollars per share)	$ 14.70	$ 14.70
Weighted average remaining contractual term (in years)	197 days	1 year 197 days

Note 5 - Non-vested Restricted

Note 5 - Non-vested Restricted Stock Unit Transactions for Common Stock (Details) - $ / shares	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Outstanding non-vested restricted stock units as of February 28: (in shares)	237,641	295,040
Granted (in shares)	0	0
Vested (in shares)	(55,899)	(56,199)
Cancelled/forfeited (in shares)	0	0
Outstanding non-vested restricted stock units as of August 31: (in shares)	181,742	238,841
Weighted average grant date fair value (in dollars per share)	$ 12.22	$ 12.14
Weighted average remaining vesting period (in years)	3 years 262 days	4 years 211 days

Note 6 - Supplemental Cash Fl41

Note 6 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Sale of Inventory [Member]
Notes receivable		$ 5,433
Sale of Accounts Receivable [Member]
Notes receivable	$ 5,000
Sale of Other Assets [Member]
Notes receivable	75,000
Interest	92,360	$ 95,734
Income taxes	825,673	732,064
Accrued Inventory	389,751	294,007
Dividend Payable	702,444	682,399
Notes receivable	$ 264,433	$ 431,244

Note 7 - Operating Segments (De

Note 7 - Operating Segments (Details Textual)	3 Months Ended		6 Months Ended
	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)
Sales Revenue, Net [Member] | Manufacturing [Member] | Customer Concentration Risk [Member]
Number of Major Customers			1
Revenues			$ 2,300,000	$ 1,900,000
Concentration Risk, Percentage			11.80%	9.80%
Manufacturing [Member]
Revenues	$ 5,168,286	$ 4,776,070	$ 11,492,834	$ 10,646,141
Number of Reportable Segments			5
Revenues	$ 9,274,554	$ 9,457,448	$ 19,638,576	$ 19,779,654

Note 7 - Operating Segments - S

Note 7 - Operating Segments - Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Franchising [Member] | Revenue Before Intersegment Eliminations [Member]
Total revenues	$ 1,581,692	$ 1,597,064	$ 3,132,134	$ 3,045,328
Franchising [Member] | Intersegment Eliminations [Member]
Total revenues	(1,292)	(898)	(2,715)	(1,510)
Franchising [Member]
Total revenues	1,580,400	1,596,166	3,129,419	3,043,818
Segment profit (loss)	753,069	848,139	1,509,982	1,484,322
Total assets	1,375,082	1,335,567	1,375,082	1,335,567
Capital expenditures	0	0	0	0
Total depreciation & amortization	9,284	10,682	19,571	20,731
Manufacturing [Member] | Revenue Before Intersegment Eliminations [Member]
Total revenues	5,540,446	5,146,682	12,162,814	11,337,343
Manufacturing [Member] | Intersegment Eliminations [Member]
Total revenues	(372,160)	(370,612)	(669,980)	(691,202)
Manufacturing [Member]
Total revenues	5,168,286	4,776,070	11,492,834	10,646,141
Segment profit (loss)	1,386,403	1,374,396	2,786,007	2,856,060
Total assets	10,992,912	12,004,854	10,992,912	12,004,854
Capital expenditures	74,753	205,669	220,824	266,774
Total depreciation & amortization	101,344	101,346	203,860	191,505
Retail [Member] | Revenue Before Intersegment Eliminations [Member]
Total revenues	453,456	592,392	834,114	1,095,183
Retail [Member] | Intersegment Eliminations [Member]
Total revenues	0	0	0	0
Retail [Member]
Total revenues	453,456	592,392	834,114	1,095,183
Segment profit (loss)	12,891	31,777	(28,139)	(35,339)
Total assets	1,020,538	1,138,616	1,020,538	1,138,616
Capital expenditures	960	17,765	960	33,853
Total depreciation & amortization	4,699	7,693	10,595	17,141
USwirl Inc [Member] | Revenue Before Intersegment Eliminations [Member]
Total revenues	2,072,412	2,492,820	4,182,209	4,994,512
USwirl Inc [Member] | Intersegment Eliminations [Member]
Total revenues	0	0	0	0
USwirl Inc [Member]
Total revenues	2,072,412	2,492,820	4,182,209	4,994,512
Segment profit (loss)	422,228	32,079	686,644	232,439
Total assets	13,064,904	15,719,423	13,064,904	15,719,423
Capital expenditures	22,274	23,679	38,472	63,352
Total depreciation & amortization	198,373	206,735	401,550	432,835
Other Segments [Member] | Revenue Before Intersegment Eliminations [Member]
Total revenues	0	0	0	0
Other Segments [Member] | Intersegment Eliminations [Member]
Total revenues	0	0	0	0
Other Segments [Member]
Total revenues	0	0	0	0
Segment profit (loss)	(919,626)	(904,027)	(1,933,870)	(1,857,182)
Total assets	5,081,599	8,452,732	5,081,599	8,452,732
Capital expenditures	9,494	25,014	39,407	27,342
Total depreciation & amortization	42,113	38,671	85,087	77,326
Revenue Before Intersegment Eliminations [Member]
Total revenues	9,648,006	9,828,958	20,311,271	20,472,366
Intersegment Eliminations [Member]
Total revenues	(373,452)	(371,510)	(672,695)	(692,712)
Total revenues	9,274,554	9,457,448	19,638,576	19,779,654
Segment profit (loss)	1,654,965	1,382,364	3,020,624	2,680,300
Total assets	31,535,035	38,651,192	31,535,035	38,651,192
Capital expenditures	130,190	278,829	322,372	398,023
Total depreciation & amortization	$ 355,813	$ 365,127	$ 720,663	$ 739,538

Note 8 - Goodwill and Intangi44

Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($)	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
Amortization of Intangible Assets	$ 186,506	$ 183,860

Note 8 - Goodwill and Intangi45

Note 8 - Goodwill and Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($)	6 Months Ended
	Aug. 31, 2015	Feb. 28, 2015
Store Design [Member]
Intangible assets subject to amortization
Amortization Period	10 years
Gross Carrying Value	$ 220,778	$ 220,778
Accumulated Amortization	$ 208,903	208,152
Packaging Licenses [Member] | Minimum [Member]
Intangible assets subject to amortization
Amortization Period	3 years
Packaging Licenses [Member] | Maximum [Member]
Intangible assets subject to amortization
Amortization Period	5 years
Packaging Licenses [Member]
Intangible assets subject to amortization
Gross Carrying Value	$ 120,830	120,830
Accumulated Amortization	$ 120,830	120,830
Packaging Design [Member]
Intangible assets subject to amortization
Amortization Period	10 years
Gross Carrying Value	$ 430,973	430,973
Accumulated Amortization	$ 430,973	430,973
Trademarks and Non Competition Agreement [Member] | Minimum [Member]
Intangible assets subject to amortization
Amortization Period	5 years
Trademarks and Non Competition Agreement [Member] | Maximum [Member]
Intangible assets subject to amortization
Amortization Period	20 years
Trademarks and Non Competition Agreement [Member]
Intangible assets subject to amortization
Gross Carrying Value	$ 459,340	459,340
Accumulated Amortization	$ 41,340	31,538
Franchise Rights [Member]
Intangible assets subject to amortization
Amortization Period	20 years
Gross Carrying Value	$ 5,887,977	5,850,290
Accumulated Amortization	580,816	410,830
Company Stores Goodwill [Member]
Intangible assets not subject to amortization
Gross Goodwill	1,122,328	1,122,328
Accumulated Goodwill Amortization	267,020	267,020
Franchising Goodwill [Member]
Intangible assets not subject to amortization
Gross Goodwill	2,202,529	2,202,529
Accumulated Goodwill Amortization	197,682	197,682
Manufacturing Segment Goodwill [Member]
Intangible assets not subject to amortization
Gross Goodwill	295,000	295,000
Accumulated Goodwill Amortization	197,682	197,682
Trademarks [Member]
Intangible assets not subject to amortization
Gross Goodwill	20,000	20,000
Gross Carrying Value	7,119,898	7,082,211
Accumulated Amortization	1,382,862	1,202,323
Gross Goodwill	3,639,857	3,639,857
Accumulated Goodwill Amortization	662,384	662,384
Total Intangible Assets	10,759,755	10,722,068
Total Intangible Assets	$ 2,045,246	$ 1,864,707

Note 8 - Goodwill and Intangi46

Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)	Aug. 31, 2015USD ($)
2,016	$ 190,494
2,017	403,756
2,018	419,856
2,019	426,286
2,020	413,129
Thereafter	3,883,515
Total	$ 5,737,036

Note 9 - Other Accrued Expenses

Note 9 - Other Accrued Expenses (Details) - USD ($)	Aug. 31, 2015	Feb. 28, 2015
Gift card liabilities	$ 2,595,305	$ 2,571,525
Other accrued expenses	385,775	339,252
Total other accrued expenses	$ 2,981,080	$ 2,910,777

Note 10 - Related Party Trans48

Note 10 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2015	May. 31, 2015	Aug. 31, 2015
Immediate Family Member of Management or Principal Owner [Member] | Accounts Payable and Accrued Liabilities [Member]
Related Party Transaction, Expenses from Transactions with Related Party			$ 0
Immediate Family Member of Management or Principal Owner [Member]
Related Party Transaction, Expenses from Transactions with Related Party			$ 18,354
Messrs. Crail, Merryman and Dudley [Member]
Treasury Stock, Shares, Acquired	54,500
Treasury Stock Acquired, Average Cost Per Share	$ 12.60
Stock Purchase Agreements, Discount from Market Price	3.00%
Treasury Stock Acquired, Average Cost Per Share	$ 12.75	$ 13.62

Note 11 - Restructuring and A49

Note 11 - Restructuring and Acquisition Related Charges (Details Textual) - USD ($)	6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
CherryBerry, Yogli Mogli LLC, and Fuzzy Peach Franchising, LLC[Member]
Restructuring Charges		$ 124,551
USwirl Inc [Member]
Restructuring Charges		584,661
Restructuring Charges	$ 0	$ 709,212

Note 11 - Restructuring and A50

Note 11 - Restructuring and Acquisition Related Charges - Restructuring Charges Incurred (Details)	6 Months Ended
	Aug. 31, 2014USD ($)
Professional Fees [Member]
Restructuring Charges	$ 186,011
Employee Severance [Member]
Restructuring Charges	212,027
Leasehold Improvements Property and Equipment Impairment of Long-Lived Assets [Member]
Restructuring Charges	243,000
Acceleration of Restricted Stock Unit Vesting [Member]
Restructuring Charges	65,049
Other Restructuring [Member]
Restructuring Charges	3,125
Restructuring Charges	$ 709,212

Note 12 - Sale or Distributio51

Note 12 - Sale or Distribution of Assets (Details Textual)	3 Months Ended
	Aug. 31, 2015	Aug. 31, 2014
USwirl Inc [Member]
Number of Restaurants Sold		4
Number of Restaurants Sold	1	1

Note 12 - Sale or Distributio52

Note 12 - Sale or Distribution of Assets - Asset Disposal Activity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2015	Aug. 31, 2014	Aug. 31, 2015	Aug. 31, 2014
Cash received on asset sales		$ 525,000	$ 21,532	$ 525,000
Notes receivable	$ 264,433	$ 431,244

Note 13 - Note Payable (Details

Note 13 - Note Payable (Details Textual) - USD ($)	Aug. 31, 2015	Feb. 28, 2014
USwirl Inc [Member] | U-Swirl Loan Agreement [Member]
Debt Agreement, Maximum Borrowing Capacity	$ 7,750,000	$ 7,750,000
Notes Payable	$ 5,700,000

Note 13 - Note Payable - Long-t

Note 13 - Note Payable - Long-term Note Payable (Details) - USD ($)	Aug. 31, 2015	Feb. 28, 2015
Promissory note	$ 5,693,549	$ 6,292,367
Less: current maturities	(1,230,240)	(1,208,888)
Long-term obligations	$ 4,463,309	$ 5,083,479

Note 13 - Note Payable - Annual

Note 13 - Note Payable - Annual Maturities of Notes Payable (Details)	Aug. 31, 2015USD ($)
2,016	$ 608,426
2,017	1,254,007
2,018	1,302,526
2,019	1,352,921
Thereafter	1,175,669
Total minimum payments	5,693,549
Less: current maturities	(1,230,240)
Long-term obligations	$ 4,463,309

Note 14 - Contingencies (Detail

Note 14 - Contingencies (Details Textual) - USwirl Inc [Member] - CherryBerry [Member] - USD ($)	1 Months Ended	2 Months Ended
	Feb. 28, 2015	Aug. 31, 2015
Business Combination, Contingent Consideration, Liability		$ 0
Stock Issued During Period, Shares, Acquisitions	4,000,000
Lock-up Agreement	1 year
Business Combination, Contingent Consideration, Sale of Stock, Price Per Share	$ 0.50
Business Combination Shortfall Payment		1,640,000
Requested Shortfall Payment		$ 205,000