Rocky Mountain Chocolate Factory (RMCF) 10-K 23 May 17 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Feb. 28, 2017	May 12, 2017	Aug. 31, 2016
Document Information [Line Items]
Entity Registrant Name	Rocky Mountain Chocolate Factory, Inc.
Entity Central Index Key	1,616,262
Trading Symbol	rmcf
Current Fiscal Year End Date	--02-28
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)		5,854,372
Entity Public Float			$ 44,591,674
Document Type	10-K
Document Period End Date	Feb. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Revenues
Sales	$ 29,876,507	$ 31,360,745	$ 32,100,824
Franchise and royalty fees	8,419,870	9,096,150	9,407,552
Total revenues	38,296,377	40,456,895	41,508,376
Costs and Expenses
Cost of sales	20,735,739	20,866,482	20,609,609
Franchise costs	2,067,530	2,452,609	2,264,138
Sales & marketing	2,658,421	2,466,469	2,474,027
General and administrative	4,005,142	4,663,914	4,831,903
Retail operating	2,404,003	2,951,783	3,509,584
Depreciation and amortization, exclusive of depreciation and amortization expense of $447,651, $404,391 and $393,776, respectively, included in cost of sales	841,058	1,015,910	1,046,672
Impairment of long-lived assets and goodwill		2,326,742
Restructuring and acquisition related charges	60,000		807,476
Total costs and expenses	32,771,893	36,743,909	35,543,409
Operating Income	5,524,484	3,712,986	5,964,967
Other Income (Expense)
Interest expense	(170,351)	(216,600)	(243,188)
Interest income	41,572	48,745	58,662
Other, net	(128,779)	(167,855)	(184,526)
Income Before Income Taxes	5,395,705	3,545,131	5,780,441
Income Tax Expense (Benefit)	1,945,589	(261,400)	2,037,695
Net Income	3,450,116	3,806,531	3,742,746
Less: Net loss attributable to non-controlling interest		(619,376)	(195,094)
Net Income attributable to RMCF stockholders	$ 3,450,116	$ 4,425,907	$ 3,937,840
Basic Earnings per Common Share (in dollars per share)	$ 0.59	$ 0.75	$ 0.64
Diluted Earnings per Common Share (in dollars per share)	$ 0.58	$ 0.73	$ 0.61
Weighted Average Common Shares Outstanding (in shares)	5,843,245	5,893,618	6,144,426
Dilutive Effect of Employee Stock Awards (in shares)	150,447	201,856	268,913
Weighted Average Common Shares Outstanding, Assuming Dilution (in shares)	5,993,692	6,095,474	6,413,339

Consolidated Statements of Inc3

Consolidated Statements of Income (Parentheticals) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Depreciation and amortization expense	$ 447,651	$ 404,391	$ 393,776

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Current Assets
Cash and cash equivalents	$ 5,779,195	$ 6,194,948
Accounts receivable, less allowance for doubtful accounts of $487,446 and $595,471, respectively	3,855,823	3,799,691
Notes receivable, current portion, less current portion of the valuation allowance of $22,147 and $0, respectively	235,612	317,248
Refundable income taxes	47,863
Inventories, less reserve for slow moving inventory of $249,051 and $261,346, respectively	4,975,779	4,840,108
Other	256,548	286,859
Total current assets	15,150,820	15,438,854
Property and Equipment, Net	6,457,931	6,010,303
Other Assets
Notes receivable, less current portion and allowance for doubtful accounts of $26,500 and $75,000, respectively	370,769	530,446
Goodwill, net	1,046,944	1,046,944
Franchise rights	4,826,172	5,153,363
Intangible assets, net	632,207	419,042
Deferred income taxes	858,874	1,421,655
Other	74,639	295,118
Total other assets	7,809,605	8,866,568
Total Assets	29,418,356	30,315,725
Current Liabilities
Current maturities of long term debt	1,302,501	1,254,007
Accounts payable	1,820,470	1,663,245
Accrued salaries and wages	608,510	683,863
Gift card liabilities	2,921,585	2,835,943
Other accrued expenses	253,497	364,955
Dividend payable	702,525	700,728
Deferred income	451,171	502,950
Total current liabilities	8,060,259	8,005,691
Long-Term Debt, Less Current Maturities	2,529,240	3,831,126
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $.10 par value per share; 250,000 authorized; -0- shares issued and outstanding; Series A Junior Participating Preferred Stock, authorized 50,000 shares; undesignated series, authorized 200,000 shares
Common stock, $.001 par value per share, 46,000,000 shares authorized, 5,854,372 and 5,839,396 issued, and 5,854,372 and 5,839,396 outstanding, respectively	5,854	5,839
Additional paid-in capital	5,539,357	5,340,190
Retained earnings	13,283,646	13,132,879
Total stockholders’ equity	18,828,857	18,478,908
Total Liabilities and Stockholders’ Equity	$ 29,418,356	$ 30,315,725

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Accounts receivable, allowance for doubtful accounts	$ 487,446	$ 595,471
Notes receivable, current portion of valuation allowance	22,147	0
Inventories, reserve	249,051	261,346
Notes receivable, valuation allowance	$ 26,500	$ 75,000
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
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)	5,854,372	5,839,396
Common stock, shares outstanding (in shares)	5,854,372	5,839,396
Series A Preferred Stock [Member]
Preferred stock, shares authorized (in shares)	50,000	50,000
Undesignated Series [Member]
Preferred stock, shares authorized (in shares)	200,000	200,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Balance at beginning of year at Feb. 28, 2014			$ 184,206	$ 8,921,723	$ 10,344,794	$ 401,655
Repurchase and retirement of common stock			(7,383)	(3,120,241)
Issuance of common stock			120
Exercise of stock options, vesting of restricted stock units and other			3,441
Balance at end of year at Feb. 28, 2015		$ 19,737,855	$ 180,384	7,163,092	11,524,708	869,671
Issuance of common stock				47,360
Exercise of stock options, vesting of restricted stock units and other				731,400
Transfers from non-controlling interest				382,306
Tax (expense) benefit from employee stock transactions				200,544
Net income attributable to RMCF stockholders		3,937,840			3,937,840	(195,094)
Cash dividends declared					(2,757,926)
Correction of immaterial error1	[1]
Net income		3,937,840			3,937,840	(195,094)
Contributions						663,110
Balance at beginning of year (in shares) at Feb. 28, 2014			6,140,200
Repurchase and retirement of common stock (in shares)			(246,106)
Issuance of common stock (in shares)			4,000
Exercise of stock options, vesting of restricted stock units and other (in shares)			114,705
Balance at end of year (in shares) at Feb. 28, 2015			6,012,799
Exchange of $.03 par value per share for $.001 par value per share common stock			$ (174,371)
Repurchase and retirement of common stock			(233)	(3,030,475)
Issuance of common stock			4
Exercise of stock options, vesting of restricted stock units and other			55
Balance at end of year at Feb. 29, 2016		18,478,908	$ 5,839	5,340,190	13,132,879
Issuance of common stock				61,036
Exercise of stock options, vesting of restricted stock units and other				602,498
Transfers from non-controlling interest				349,800
Tax (expense) benefit from employee stock transactions				19,868
Net income attributable to RMCF stockholders		4,425,907			4,425,907	(619,376)
Cash dividends declared					(2,817,736)
Correction of immaterial error1	[1]
Net income		$ 4,425,907			4,425,907	(619,376)
Deductions						(310,995)
Contributions						60,700
Repurchase and retirement of common stock (in shares)			(233,302)
Issuance of common stock (in shares)			4,000
Exercise of stock options, vesting of restricted stock units and other (in shares)			55,899
Balance at end of year (in shares) at Feb. 29, 2016		5,839,396	5,839,396
Exchange of $.03 par value per share for $.001 par value per share common stock				174,371
Exchange of $.03 par value per share for $.001 par value per share common stock
Repurchase and retirement of common stock			(35)	(351,548)
Issuance of common stock			2
Exercise of stock options, vesting of restricted stock units and other			48
Balance at end of year at Feb. 28, 2017		$ 18,828,857	$ 5,854	5,539,357	13,283,646
Issuance of common stock				20,418
Exercise of stock options, vesting of restricted stock units and other				564,425
Transfers from non-controlling interest
Tax (expense) benefit from employee stock transactions				(34,128)
Net income attributable to RMCF stockholders		3,450,116			3,450,116
Cash dividends declared					(2,806,583)
Correction of immaterial error1	[1]				(492,766)
Net income		$ 3,450,116			$ 3,450,116
Deductions
Contributions
Repurchase and retirement of common stock (in shares)			(35,108)
Issuance of common stock (in shares)			2,000
Exercise of stock options, vesting of restricted stock units and other (in shares)			48,084
Balance at end of year (in shares) at Feb. 28, 2017		5,854,372	5,854,372
Exchange of $.03 par value per share for $.001 par value per share common stock
[1]	As revised. Refer to Note 17 for information on immaterial correction of errors in prior period.

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.03
Common Stock [Member]
Common stock, par value (in dollars per share)	0.001	0.001	0.03
Additional Paid-in Capital [Member]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.03

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Cash Flows From Operating Activities:
Net income	$ 3,450,116	$ 3,806,531	$ 3,742,746
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,288,709	1,420,301	1,440,448
Provision for loss on accounts and notes receivable	138,125	171,000	214,600
Provision for inventory loss	100,049	76,695	58,836
Asset impairment and store closure losses		2,319,003	225,640
(Gain) loss on sale of assets	37,112	90,149	(46,857)
Expense recorded for stock compensation	584,893	763,094	865,240
Deferred income taxes	262,248	(1,878,205)	(55,068)
Changes in operating assets and liabilities:
Accounts receivable	(128,404)	364,767	662,625
Refundable income taxes	(47,863)	172,945	(12,055)
Inventories	(2,735)	144,454	(202,333)
Other assets	29,442	24,415	(16,087)
Accounts payable	(87,657)	(310,533)	(451,080)
Accrued liabilities	(293,402)	154,800	325,544
Deferred income	(9,619)	(531,331)	(880,684)
Net cash provided by operating activities	5,321,014	6,788,085	5,871,515
Cash Flows From Investing Activities:
Additions to notes receivable	(133,202)	(46,489)	(179,569)
Proceeds received on notes receivable	318,219	368,122	488,691
Proceeds from sale or distribution of assets	39,045	23,692	530,175
Intangible assets	(312,947)	(83,103)
Decrease (increase) in other assets	34,479	(212,860)	(2,395)
Purchase of property and equipment	(1,238,472)	(743,251)	(626,744)
Net cash (used in) provided by investing activities	(1,292,878)	(693,889)	210,158
Cash Flows From Financing Activities:
Payments on long-term debt	(1,253,392)	(1,207,234)	(107,633)
Repurchase of common stock	(351,583)	(3,030,708)	(3,127,624)
Issuance of common stock			69,599
Proceeds from issuance of common stock in subsidiary			892,895
Tax (expense) benefit of stock option exercise	(34,128)	19,868	200,544
Dividends paid	(2,804,786)	(2,838,545)	(2,711,812)
Net cash used in financing activities	(4,443,889)	(7,056,619)	(4,784,031)
Net (Decrease) Increase In Cash And Cash Equivalents	(415,753)	(962,423)	1,297,642
Cash And Cash Equivalents At Beginning Of Year	6,194,948	7,157,371	5,859,729
Cash And Cash Equivalents At End Of Year	$ 5,779,195	$ 6,194,948	$ 7,157,371

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 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) and Aspen Leaf Yogurt, LLC (“ALY”), its 39% February 29, 2016 The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, Effective March 1, 2015, reorganized to create a holding company structure. The operating subsidiary with the same name, Rocky Mountain Chocolate Factory, Inc., a Colorado corporation (“RMCF”), 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 one one $0.001, March 2, 2015 In January 2013, entered into two January 2013, 60% 39% February 29, 2016 February 28, 2017, 39% In fiscal year (“FY”) 2014, elf-serve frozen yogurt concepts under the names “CherryBerry,” “Yogli Mogli Frozen Yogurt” and “Fuzzy Peach Frozen Yogurt.” In connection with these acquisitions, the Company entered into a credit facility with Wells Fargo, N.A. used to finance the acquisitions of SWRL, and in turn, the Company entered into a loan and security agreement with SWRL to cover the purchase price and other costs associated with the acquisitions (the “SWRL Loan Agreement”). Borrowings under the SWRL Loan Agreement were secured by all of the assets of SWRL, including all of the outstanding stock of its wholly-owned subsidiary, U-Swirl International, Inc. Under the SWRL Loan Agreement, SWRL was subject to various financial covenants. SWRL was not compliant with the financial covenants during the year ended February 29, 2016 January 16, 2016 February 29, 2016 February 29, 2016. February 29, 2016 no U-Swirl operates self-serve frozen yogurt cafés under the names “U-Swirl,” “Yogurtini,” “CherryBerry,” “Yogli Mogli Frozen Yogurt,” “Fuzzy Peach Frozen Yogurt,” “Let’s Yo!” and “Aspen Leaf Yogurt”. The Company ’s revenues are currently derived from three February 28, 2017: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 4 4 Franchise stores – Domestic stores and kiosks 6 189 195 International License Stores - 94 94 Cold Stone Creamery – co-branded 5 83 88 U-Swirl cafés (Including all associated brands) Company-owned cafés - 2 2 Company-owned cafés – co-branded - 3 3 Franchise stores – North American cafés * 129 129 Franchise stores – North American – co-branded * 16 16 International License cafés - 2 2 Total 11 522 533 *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. Consolidation M anagement accounts for the activities of the Company and its subsidiaries, and the accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. As described above, on January 14, 2013, January 14, 2013, January 14, 2013, The Company foreclosed on all of the outstanding stock of U-Swirl International, Inc. as of February 29, 2016 February 29, 2016 February 29, 2016. February 29, 2016, Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of six approximately $5.3 February 28, 2017. Accounts and Notes Receivable In the normal course of business, we extend credit to customers, primarily franchisees that satisfy pre-defined credit criteria. The Company believes that it has limited concentration of credit risk primarily because its receivables are secured by the assets of the franchisees to which the Company ordinarily extends credit, including, but not limited to, their franchise rights and inventories. An allowance for doubtful accounts is determined through analysis of the aging of accounts receivable, assessments of collectability based on historical trends, and an evaluation of the impact of current and projected economic conditions. The process by which the Company performs its analysis is conducted on a customer by customer, or franchisee by franchisee, basis and takes into account, among other relevant factors, sales history, outstanding receivables, customer financial strength, as well as customer specific and geographic market factors relevant to projected performance. The Company monitors the collectability of its accounts receivable on an ongoing basis by assessing the credit worthiness of its customers and evaluating the impact of reasonably likely changes in economic conditions that may February 28, 2017, $655,028 $48,647 4.5% 6%. September, 2022 $579,000 Inventories Inventories are stated at the lower of cost or net realizable value. An inventory reserve is established to reduce the cost of obsolete, damaged and excess inventories to the lower of cost or net realizable value based on actual differences. This inventory reserve is determined through analysis of items held in inventory, and, if the recorded value is higher than the market value, the Company records an expense to reduce inventory to its actual market value. The process by which the Company performs its analysis is conducted on an item by item basis and takes into account, among other relevant factors, market value, sales history and future sales potential. Cost is determined using the first first Property and Equipment and Other Assets Property and equipment are recorded at cost. Depreciation and amortization are computed using the straight-line method based upon the estimated useful life of the asset, which range from five thirty nine The Company reviews its long-lived assets through analysis of estimated fair value, including identifiable intangible assets, whenever events or changes indicate the carrying amount of such assets may ’s policy is to review the recoverability of all assets, at a minimum, on an annual basis. Income Taxes We provide 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 bases 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 U-Swirl losses, prior to FY 2016 2016 100%, 2017. 2016. fourth 2017 382 17. 6. Gift C ard B reakage The Company and our franchisees sell gift cards that are redeemable for product in our stores. The Company manages the gift card program, and therefore collects all funds from the activation of gift cards and reimburses franchisees for the redemption of gift cards in their stores. A liability for unredeemed gift cards is included in accounts payable and accrued liabilities in the balance sheets. There are no expiration dates on our gift cards, and we do not charge any service fees. While our franchisees continue to honor all gift cards presented for payment, we may When the Company has sufficient historical redemption patterns to calculate breakage estimates, the gift card breakage will be recognized over the same performance period, and in the same proportion, that the Company’s data has demonstrated that gift cards are redeemed. As the Company is in the process of accumulating sufficient historical redemption patterns to calculate breakage estimates, the Company did not recognize gift card breakage during the year ended February 28 29, 2017 2016. $2,921,585 $2,835,943 February 28 29, 2017 2016, Goodwill Goodwill arose from three first second The Company performs a goodwill impairment test on an annual basis or more frequently when events or circumstances indicate that the carrying value of a reporting unit more likely than not exceeds its fair value. Recoverability of goodwill is evaluated through comparison of the fair value of each of our reporting units with its carrying value. To the extent that a reporting unit’s carrying value exceeds the implied fair value of its goodwill, an impairment loss is recognized. On February 29, 2016 February 29, 2016 $1,930,529 fourth 2016, 13 Franchise Rights Franchise rights arose from the entry into agreements to acquire substantially all of the franchise rights of Yogurtini, CherryBerry, Fuzzy Peach, Let’s Yo! and Yogli Mogli. Franchise rights are amortized over a period of 20 Insurance and Self-Insurance Reserves The Company uses a combination of insurance and self-insurance plans to provide for the potential liabilities for workers ’ compensation, general liability, property insurance, director and officers’ liability insurance, vehicle liability and employee health care benefits. Liabilities associated with the risks that are retained by the Company are estimated, in part, by considering historical claims experience, demographic factors, severity factors and other assumptions. While the Company believes that its assumptions are appropriate, the estimated accruals for these liabilities could be significantly affected if future occurrences and claims differ from these assumptions and historical trends. Business Combinations The Company accounts for business combinations using the acquisition method. Under the acquisition method, the purchase price of the acquisition is allocated to the underlying tangible and intangible assets acquired based on their respective fair values. Fair values are derived from various observable and unobservable inputs and assumptions. The Company utilizes third one may Accounting for business combinations requires our management to make significant estimates and assumptions, especially at the acquisition date, including our estimates for intangible assets, contractual obligations assumed, restructuring liabilities, pre-acquisition contingencies and contingent consideration, where applicable. Although we believe the assumptions and estimates we have made have been reasonable and appropriate, they are based in part on historical experience and information obtained from the management of the acquired companies and are inherently uncertain. Moreover, unanticipated events and circumstances may may Sales Sales of products to franchisees and other customers are recognized at the time of delivery. Sales of products to franchisees and other customers are made at standard prices, without any bargain sales of equipment or supplies. Sales of products at retail stores are recognized at the time of sale. Rebates Rebates received from purveyors that supply products to our franchisees are included in franchise royalties and fees. Product rebates are recognized in the period in which they are earned. Rebates related to company-owned locations are offset against operating costs. Shipping Fees Shipping fees charged to customers by the Company ’s trucking department are reported as sales. Shipping costs incurred by the Company for inventory are reported as cost of sales or inventory. Franchise and Royalty Fees Franchise fee revenue is recognized upon opening of the franchise store. In addition to the initial franchise fee, the Company also recognizes a marketing and promotion fee of one (1%) third 2004, ten (10%) third 2004 five (5%) 2.5% 6% In certain instances we are required to pay a portion of franchise fee revenue, or royalty fees to parties we’ve contracted with to assist in developing and growing a brand. The agreements generally include Development Agents, or commissioned brokers who are paid a portion of the initial franchise fee, a portion of the ongoing royalty fees, or both. When such agreements exist, we report franchise fee and royalty fee revenues net of the amount paid, or due, to the agent/broker. Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, the disclosure of contingent assets and liabilities, at the date of the consolidated financial statements, and revenues and expenses during the reporting period. Actual results could differ from those estimates. Vulnerability Due to Certain Concentrations Revenue from one ’s Manufacturing segment represented approximately $4.1 11% February 28, 2017. may Stock-Based Compensation At February 2 8, 2017, 2007 The Company recognized $ 584,893, $763,094, $865,240 February 28 29, 2017, 2016 2015, Tax benefits or expense resulting from the difference in the compensation cost recognized for stock options are reported as financing cash flows in the accompanying Statements of Cash Flows. The excess tax benefit or (expense) included in net cash provided by financing activities for the years ended February 28 29, 2017, 2016 2015 $(34,128), $19,868 $200,544, During FY 201 7 2016, 2017 2016. 17 20% five six $564,473 2017 $602,554 2016. February 28, 2017 $1,179,492, 2.2 During FY 2017, 2,000 4,000 2016. $20,420 $61,040 2017 2016, Earnings P er Share Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding during each year. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through stock options and restricted stock units. During FY 2017, 2016 2015, 0, 12,936, 12,936, Advertising and Promotional Expenses The Company expenses advertising costs as incurred. Total advertising expense for RMCF amounted to $279,698, $215,314, $244,946 February 28 29, 2017, 2016 2015, $335,771, $460,034, $399,414 February 28 29, 2017, 2016 2015, Fair Value of Financial Instruments The Company ’s financial instruments consist of cash and cash equivalents, trade receivables, payables, and notes receivable. The fair value of all instruments approximates the carrying value, because of the relatively short maturity of these instruments. Recent Accounting Pronouncements In January 2017, ’s carrying amount over its fair value. The option to perform a qualitative assessment first 2020 2017. In August 2016, 2016 15, 230): 2016 15 eight 2016 15 December 15, 2017, March 1, 2018. In June 2016, 2016 13, 326): 2016 13 2016 13 2016 13 March 1, 2020 2016 13 In March 2016, 2016 09, — Stock Compensation, (Topic 718): 2016 09 December 15, 2016, March 1, 2017. may 2016 09 February 28, 2017 February 29, 2016 $34,000 $20,000, In February 2016, the FASB issued ASU 2016 02, 842), 840 December 15, 2018, 5) In January 2016, the FASB issued ASU 2016 01, 825 10), 2016 01 first 2019, In May 2014, 2014 09, 606). 605, December 15, 2017, December 31, 2016. March 1, 2018. The Company expects the adoption of the new guidance to change the timing of recognition of initial franchise fees, including master license and territory fees for our international business, and renewal fees. Currently, these fees are generally recognized upfront upon either opening of the respective franchise store or entry into a license agreement. The new guidance will generally require these fees to be recognized over the term of the related agreement, which we expect will result in a material impact to revenue recognized for franchise fees, license fees and renewal fees. The Company does not expect this new guidance to materially impact the recognition of royalty income or sales of products. The Company is continuing to evaluate the impact the adoption of this new guidance will have on these and other revenue transactions, as well as the presentation of marketing and advertising fee revenues and expenses, in addition to the impact on accounting policies and related disclosures. Reclassifications 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.

Note 2 - Inventories

Note 2 - Inventories	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 2 Inventories consist of the following at February 28 29: 2017 2016 Ingredients and supplies $ 3,021,220 $ 2,868,157 Finished candy 2,137,609 2,138,952 U-Swirl food and packaging 66,001 94,345 Reserve for slow moving inventory (249,051 ) (261,346 ) Total inventories $ 4,975,779 $ 4,840,108

Note 3 - Property and Equipment

Note 3 - Property and Equipment, Net	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 3 Property and equipment consists of the following at February 28 29: 201 7 201 6 Land $ 513,618 $ 513,618 Building 4,787,855 4,784,272 Machinery and equipment 10,598,355 9,987,906 Furniture and fixtures 1,047,319 1,169,475 Leasehold improvements 1,531,112 1,862,603 Transportation equipment 418,402 438,601 Asset i mpairment (47,891 ) (568,803 ) 18,848,770 18,187,672 Less accumulated depreciation 12,390,839 12,177,369 Property and equipment, net $ 6,457,931 $ 6,010,303

Note 4 - Line of Credit and Lon

Note 4 - Line of Credit and Long-term Debt	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 4 Line of Credit At February 2 8, 2017, $5 may 50% 50% 2.25% (3.0% February 28, 2017). February 28, 2017, $5 February 28, 2017, September 2017 Effective January 16, 2014, $7.0 long-term line of credit to be used to loan money to SWRL to fund the purchase price of business acquisitions by SWRL (the “Wells Fargo Loan”). The Company made its first $6.4 January 16, 2014 first February 28, 2014. 3.75% January 15, 2020. may Long-term debt consists of the following at February 28 or 29: 20 17 20 16 Note payable in monthly installments of principal and interest at 3.75% per annum through December 2019 collateralized by substantially all business assets. $ 3,831,741 $ 5,085,133 Less current maturities 1,302,501 1,254,007 Long-term obligations $ 2,529,240 $ 3,831,126 The following is a schedule by year of maturities of long-term debt for the years ending February 28 29: 2018 $ 1,302,501 2019 1,352,900 2020 1,176,340 Total $ 3,831,741

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	NOTE 5 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company conducts its retail operations in facilities leased under five ten -cancelable operating leases. Certain leases contain renewal options for between five ten The following is a schedule by year of future minimum rental payments required under such leases for the years ending February 28 29: 2018 $ 603,000 2019 561,000 2020 272,000 2021 49,000 2022 49,000 Thereafter 194,000 Total $ 1,728,000 We act as primary lessee of some franchised store premises, which we then sublease to franchisees, but the majority of existing locations are leased by the franchisee directly. Our current policy is not to act as primary lessee on any further franchised locations, except in rare instances. At March 31, 2017, five 332 1 I n 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's liability as primary lessee on sublet franchise outlets, all of which is fully offset by sublease rentals, is as follows for the years ending February 28 29: 2018 $ 189,000 2019 90,000 2020 81,000 2021 83,000 2022 29,000 Total $ 472,000 The following is a schedule of lease expense for all retail operating leases for the three February 28 29: 2017 2016 2015 Minimum rentals $ 944,938 $ 1,187,003 $ 1,282,363 Less sublease rentals (318,000 ) (479,000 ) (468,000 ) Contingent rentals 25,200 22,200 22,200 $ 652,138 $ 730,203 $ 836,563 In FY 2013, February 28: 201 8 $ 28,000 Total $ 28,000 The Company also leases trucking equipment under operating leases. The following is a schedule by year of future minimum rental payments required under such leases for the years ending February 28 29: 2018 $ 185,700 2019 84,300 2020 62,100 2021 62,100 2022 15,500 Total $ 409,700 The following is a schedule of lease expense for trucking equipment operating leases for the three February 28 29: 201 7 2016 2015 220,791 182,006 185,703 Purchase contracts The Company frequently enters into purchase contracts of between six eighteen may may may As of February 28, 2017 $2,595,000 Contingencies The Company is party to various legal proceedings arising in the ordinary course of business from time to time. Management believes that the resolution of these matters will not have a significant adverse effect on the Company ’s financial position, results of operations or cash flows. In January 2014, 4,000,000 one February 2015. first $0.50 $0.50 February 28, 2017, $1,800,000. not February 28, 2017. July August 2015, $205,000 In August 2015, ’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. SWRL sought unspecified damages, attorney’s fees, other costs, and a determination that the shortfall payment arrangement is void. In September 2015, third On January 13, 2016, third January 13, 2016, January 13, 2016, April 2016, ’ motion and administratively closed the case. In addition, in April 2016, April 8, 2016, May 9, 2016, June 6, 2016. September 18, 2017.

Note 6 - Income Taxes

Note 6 - Income Taxes	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 6 Income tax expense (benefit) is comprised of the following for the years ended February 28 29: 2017 2016 2015 Current Federal $ 1,411,126 $ 1,420,811 $ 1,846,365 State 272,214 195,993 246,398 Total Current 1,683,340 1,616,804 2,092,763 Deferred Federal 240,234 (1,725,918 ) (50,603 ) State 22,015 (152,286 ) (4,465 ) Total Deferred 262,249 (1,878,204 ) (55,068 ) Total $ 1,945,589 $ (261,400 ) $ 2,037,695 A reconciliation of the statutory federal income tax rate and the effective rate as a percentage of pretax income is as follows for the years end ed February 28 29: 2017 2016 2015 Statutory rate 34.0 % 34.0 % 34.0 % State income taxes, net of federal benefit 3.6 % 0.8 % 2.8 % Domestic production deduction (1.1 %) (3.0 %) (1.6 %) Work opportunity tax credits (0.4 %) - - Statutory rate change - (1.6 %) - % Other 0.0 % 0.5 % 0.1 % U-Swirl loss carryforward recognized - (1.8 %) (3.0 %) Valuation allowance, U-Swirl Consolidated loss - (36.3 %) 3.0 % Effective rate – provision (benefit) 36.1 % (7.4 %) 35.3 % The components of deferred income taxes at February 28 or 29 Deferred Tax Assets 201 7 201 6 Allowance for doubtful accounts and notes $ 198,354 $ 248,537 Inventories 90,027 96,698 Accrued compensation 188,002 183,898 Loss provisions and deferred income 1,175,351 1,299,191 Self-insurance accrual 37,000 28,923 Amortization 782,683 861,594 Restructuring charges 148,494 148,494 U-Swirl accumulated net loss 164,035 346,605 Valuation allowance (148,494 ) (148,494 ) Net deferred tax assets 2,635,452 3,065,446 Deferred Tax Liabilities Depreciation and amortization (1,683,778 ) (1,537,653 ) Prepaid expenses (92,800 ) (106,138 ) D eferred tax liabilities $ (1,776,578 ) $ (1,643,791 ) Net deferred tax assets $ 858,874 $ 1,421,655 The following table summarizes deferred income tax valuation allowances as of February 28 29: 201 7 201 6 Valuation allowance at beginning of period $ 148,494 $ 349,010 Tax expense (benefits) realized by valuation allowance - 81,340 Tax benefits released from valuation allowance - (281,856 ) Valuation allowance at end of period $ 148,494 $ 148,494 The tax benefit realized for the year ended February 29, 2016, 2014 2015 2016 $2,149,000 80% 2017. For the year ended February 29, 2016 two 39% March 1, 2016 ’s consolidated income tax return, and on the same date, will be removed from U-Swirl, Inc.’s consolidated tax return. This is a result of the foreclosure of RMCF on the outstanding stock of U-Swirl in satisfaction of debt between RMCF and SWRL. The consolidated tax return for RMCF for future periods will include all operating results of U-Swirl. SWRL will file separate income tax returns in future periods. However, there are no remaining operating assets held by SWRL. The Company files income tax returns in the U.S. federal and various state taxing jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal and state tax examinations in its major tax jurisdictions for periods before FY 2012. February 28, 2015 2014 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. Management believes that it is more likely than not that RMCF will realize the benefits of its deferred tax assets as of February 28, 2017. The Company accounts for uncertainty in income taxes by recognizing the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company measures the tax benefits recognized in the consolidated financial statements from such a position based on the largest benefit that has a greater than 50% may February 28 29, 2016 2015. twelve February 28 29, 2017 2016. As of February 2 9, 2016 February 28, 2015, February 29, 2016, In accordance with Section 382 may January 2013. 2017 We estimate that the potential future tax deductions of U-Swirl International, Inc.’s Federal net operating losses, limited by section 382, $443,000 $164,000. 2026.

Note 7 - Stockholders' Equity

Note 7 - Stockholders' Equity	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 7 – STOCKHOLDERS’ EQUITY Cash Dividend The Company paid quarterly cash dividends of $0.12 March 11, 2016 , June 17, 2016, September 16, 2016 December 9, 2016 February 26, 2016, June 7, 2016, September 6, 2016 November 25, 2016, $0.12 February 9, 2017 March 10, 2017 February 24, 2017. Future declaration s of dividends will depend on, among other things, the Company's results of operations, financial condition, capital requirements, and on such other factors as the Company's Board of Directors may Stock Repurchases On July 15, 2014, $3.0 January 13, 2015, $2,058,000 May 21, 2015, $2,090,000 nine November 30, 2016, 35,108 $10.01 not three February 28, 2017. February 28, 2017, $638,000

Note 8 - Stock Compensation Pla

Note 8 - Stock Compensation Plans	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 8 COMPENSATION PLANS In FY 2014, 2007 “2007 2007 2007 February 28, 2017: Original share authorization: 300,000 Prior plan shares authorized and incorporated in the 2007 P lan: 85,340 Additional shares authorized through 2007 Plan amendment: 300,000 Available for award : 685,340 Cancelled/forfeited : 194,325 Shares awarded as unrestricted shares, stock options or restricted stock units : (547,076 ) Shares available for award: 332,589 Information with respect to stock option awards outstanding under the 2007 February 28, 2017, three Twelve Months Ended February 28 or 29: 2017 201 6 201 5 Outstanding stock options at beginning of year: 12,936 12,936 155,880 Granted - - - Exercised - - (142,944 ) Cancelled/forfeited (12,936 ) - - Outstanding stock options as of February 28 or 29: - 12,936 12,936 Weighted average exercise price n/a $ 12.94 $ 12.94 Weighted average remaining contractual term (in years) n/a 0.04 1.04 Information with respect to restricted stock unit awards outstanding under the 2007 February 28, 2017, three Twelve Months Ended February 28 or 29: 201 7 201 6 201 5 Outstanding non-vested restricted stock units at beginning of year: 181,742 237,641 295,040 Granted - - - Vested (48,084 ) (55,899 ) (56,199 ) Cancelled/forfeited (10,000 ) - (1,200 ) Outstanding non-vested restricted stock units as of February 28 or 29: 123,658 181,742 237,641 Weighted average grant date fair value $ 12.21 $ 12.22 $ 12.13 Weighted average remaining vesting period (in years) 2.23 3.22 4.08

Note 9 - Operating Segments

Note 9 - Operating Segments	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 9 The Company classifies its business interests into five 1 FY 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,951,055 $ 26,678,514 $ 1,710,734 $ 5,216,076 $ - $ 39,556,379 Intersegment revenues (5,332 ) (1,254,670 ) - - - (1,260,002 ) Revenue from external customers 5,945,723 25,423,844 1,710,734 5,216,076 - 38,296,377 Segment profit (loss) 2,495,709 5,609,957 128,024 1,017,395 (3,855,380 ) 5,395,705 Total assets 1,216,241 12,900,070 1,101,461 9,124,822 5,075,762 29,418,356 Capital expenditures 15,480 966,619 17,047 40,924 198,402 1,238,472 Total depreciation & amortization $ 54,053 $ 463,996 $ 14,755 $ 622,654 $ 133,251 $ 1,288,709 FY 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,947,769 $ 27,726,443 $ 1,622,906 $ 6,535,646 $ - $ 41,832,764 Intersegment revenues (5,185 ) (1,370,684 ) - - - (1,375,869 ) Revenue from external customers 5,942,584 26,355,759 1,622,906 6,535,646 - 40,456,895 Segment profit (loss) 2,608,351 6,731,221 (2,591 ) (2,128,649 ) (3,663,201 ) 3,545,131 Total assets 1,205,616 11,980,933 1,008,783 10,126,209 5,994,184 30,315,725 Capital expenditures 76,762 432,473 3,306 66,476 164,234 743,251 Total depreciation & amortization $ 36,908 $ 406,082 $ 18,236 $ 802,953 $ 156,122 $ 1,420,301 FY 2015 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,976,964 $ 27,459,828 $ 2,134,976 $ 7,501,943 $ - $ 43,073,711 Intersegment revenues (342 ) (1,564,993 ) - - - (1,565,335 ) Revenue from external customers 5,976,622 25,894,835 2,134,976 7,501,943 - 41,508,376 Segment profit (loss) 2,783,734 6,993,693 (51,803 ) (245,546 ) (3,699,637 ) 5,780,441 Total assets 1,193,407 12,155,004 1,157,674 12,424,801 7,207,327 34,138,213 Capital expenditures 28,806 378,060 41,361 61,053 117,464 626,744 Total depreciation & amortization $ 41,228 $ 395,864 $ 35,531 $ 813,172 $ 154,653 $ 1,440,448 Revenue from one ’s Manufacturing segment represented approximately $4.1 10.6 February 28, 2017, $5.2 12.8 February 29, 2016.

Note 10 - Supplemental Cash Flo

Note 10 - Supplemental Cash Flow Information	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 10 For th e three February 28 29: Cash paid (received) for: 201 7 201 6 201 5 Income taxes paid $ 1,997,751 $ 1,383,805 $ 1,896,274 Interest 129,927 170,709 193,022 Accrued Inventory 531,017 298,032 245,183 Non-Cash Financing Activities: Dividend payable 702,525 700,728 721,536 Non-Cash Investing Activities: Sale or distribution of assets in exchange for notes receivable Long-lived assets 20,989 127,500 414,353 Other assets $ - $ 75,000 $ -

Note 11 - Employee Benefit Plan

Note 11 - Employee Benefit Plan	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 11 The Company has a 401(k) 401(k) 3 25% ’s contribution up to a maximum of 1.5% February 28 29, 2017, 2016 2015, $66,000, $62,000, $60,000,

Note 12 - Summarized Quarterly

Note 12 - Summarized Quarterly Data (Unaudited)	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 1 2 Following is a summary of the quarterly results of operations for the f iscal years ended February 28 29, 2017 2016: Fiscal Quarter First Second Third Fourth Total 201 7 Total revenue $ 9,376,199 $ 8,601,962 $ 9,955,239 $ 10,362,977 $ 38,296,377 Gross margin 2,222,405 2,289,011 2,706,456 1,922,896 9,140,768 Net income 731,834 974,813 1,011,799 731,670 3,450,116 Basic earnings per share 0.13 0.17 0.17 0.13 0.59 Dilute earnings per share $ 0.12 $ 0.16 $ 0.17 $ 0.12 $ 0.58 Fiscal Quarter First Second Third Fourth Total 201 6 Total revenue $ 10,364,022 $ 9,274,554 $ 9,807,313 $ 11,011,006 $ 40,456,895 Gross margin 2,470,383 2,536,811 2,723,841 2,763,228 10,494,263 Net income 762,959 779,796 440,801 2,442,351 4,425,907 Basic earnings per share 0.13 0.13 0.08 0.42 0.75 Diluted earnings per share $ 0.12 $ 0.13 $ 0.07 $ 0.41 $ 0.73

Note 13 - Goodwill and Intangib

Note 13 - Goodwill and Intangible Assets	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 1 3 Intangible assets consist of the following at February 28 or 29: 201 7 2016 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 211,152 $ 220,778 $ 209,653 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 - 20 715,339 92,758 459,340 51,423 Franchise Rights 20 5,971,129 1,144,957 5,914,181 760,818 Total 7,459,049 2,000,670 7,146,102 1,573,697 Intangible assets not subject to amortization Franchising segment Company stores goodwill 1,099,328 267,020 1,099,328 267,020 Franchising goodwill 295,000 197,682 295,000 197,682 Manufacturing segment-Goodwill 295,000 197,682 295,000 197,682 Trademark -indefinite life 20,000 - 20,000 - Total 1,709,328 662,384 1,709,328 662,384 Total intangible assets $ 9,168,377 $ 2,663,054 $ 8,855,430 $ 2,236,081 Effective March 1, 2002, 350, March 1, 2002. On February 29, 2016 , RMCF foreclosed on all stock in U-Swirl pledged as collateral on the SWRL Loan Agreement. As described in Note 1, February 29, 2016, $1,930,529 $1,930,529 The following are events that have indicated that it is more likely than not that the fair value of goodwill is less than the carrying amount : ● SWRL was unable to repay the obligations under the SWRL Loan Agreement, and as a result, the Company foreclosed on all of the outstanding stock of U-Swirl International, Inc. as of February 29, 2016 ● The loan covenant for SWRL required that SWRL maintain adjusted EBITDA of $1,804,000 twelve $1,532,000 $1,284,000. ● SWRL franchise stores in operation has declined from a peak of 28 7 August 31, 2014 210 February 28, 2016. ● During the three six August 31, 2015, in its separate financial statements that there was substantial doubt about its ability to continue as a going concern. Amortization expense related to intangible assets totaled $427,840, $378,373, $361,723 February 28 29, 2017, 2016 2015, At February 2 8, 2017, 2018 $ 445,214 2019 451,644 2020 438,487 2021 426,778 2022 403,596 Thereafter 3,292,660 Total $ 5,458,379

Note 14 - Impairment of Long-li

Note 14 - Impairment of Long-lived Retail Assets, Restructuring and Acquisition Related Charges	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 14 In 2014, one four February 20, 2014, 17 $124,551 February 28, 2015. No February 29, 2016. On September 4, 2014, SWRL. In addition, Messrs. Conte, H. Cartwright and T. Cartwright resigned as officers of U-Swirl. Also on September 4, 2014, In connection with these management changes, SWRL announced an operational restructuring designed to enhance SWRL’s operating efficiencies, improve its franchise support capabilities, and rationalize its cost structure. This restructuring resulted in expense associated with termination of the employment agreements with the named officers, 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 $503,526 February 28, 2015 As described in Note 1 ffective March 1, 2015, November 10, 2014, $179,399 February 28, 2015. During the year ended February 29, 2016 , we closed an underperforming Company-owned café resulting in an impairment charge of $39,933. 1, February 29, 2016 100% $356,280 Impairment of long-lived assets and goodwill, r estructuring and acquisition charges incurred at February 28 29, 2017, 2016 2015 201 7 201 6 2015 Professional fees $ - $ - $ 284,275 Severance/transitional compensation - - 212,027 Leasehold improvements, property and equipment impairment of long-lived assets and goodwill - 2,326,742 243,000 Provision for termination of contractual obligations 60,000 - - Acceleration of restricted stock unit vesting - - 65,049 Other - - 3,125 Total $ 60,000 $ 2,326,742 $ 807,476

Note 15 - Related Party Transac

Note 15 - Related Party Transactions	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 15 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 For the year ended February 28, 2017, $47,822 no

Note 16 - Subsequent Events

Note 16 - Subsequent Events	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 1 6 On May 22, 2017, first FY2018 $0.12 June 16, 2017 June 6, 2017.

Note 17 - Immaterial Revision o

Note 17 - Immaterial Revision of Previously Reported Income Taxes and Deferred Tax Liabilities	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Accounting Changes and Error Corrections [Text Block]	NOTE 17 In the fourth 2017, immaterial error related to the overstatement of the income tax benefit and related deferred income tax asset accounts that impacted the Company’s previously issued annual consolidated financial statements. The adjustment relates to the foreclosure upon the interest in U-Swirl and the realization of U-Swirl deferred tax assets and refundable income taxes. The Company determined that this error was not material to any of the Company ’s prior annual consolidated financial statements and therefore, amendments of previously filed reports were not required. As such, a revision for the correction is reflected in the February 28, 2017 10 $(492,766), $192,233 $(300,533), February 28, 2017.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Feb. 28, 2017
Notes to Financial Statements
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	SCHEDULE II - Valuation and Qualifying Accounts Balance at Beginning of Period Additions Charged to Costs & Exp. Deductions Balance at End of Period Year Ended February 2 8, 2017 Valuation Allowance for Accounts and Notes Receivable 670,471 137,316 271,694 536,093 Year Ended February 2 9, 2016 Valuation Allowance for Accounts and Notes Receivable 729,060 171,000 229,589 670,471 Year Ended February 2 8, 2015 Valuation Allowance for Accounts and Notes Receivable 600,930 214,600 86,470 729,060

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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) and Aspen Leaf Yogurt, LLC (“ALY”), its 39% February 29, 2016 The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, Effective March 1, 2015, reorganized to create a holding company structure. The operating subsidiary with the same name, Rocky Mountain Chocolate Factory, Inc., a Colorado corporation (“RMCF”), 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 one one $0.001, March 2, 2015 In January 2013, entered into two January 2013, 60% 39% February 29, 2016 February 28, 2017, 39% In fiscal year (“FY”) 2014, elf-serve frozen yogurt concepts under the names “CherryBerry,” “Yogli Mogli Frozen Yogurt” and “Fuzzy Peach Frozen Yogurt.” In connection with these acquisitions, the Company entered into a credit facility with Wells Fargo, N.A. used to finance the acquisitions of SWRL, and in turn, the Company entered into a loan and security agreement with SWRL to cover the purchase price and other costs associated with the acquisitions (the “SWRL Loan Agreement”). Borrowings under the SWRL Loan Agreement were secured by all of the assets of SWRL, including all of the outstanding stock of its wholly-owned subsidiary, U-Swirl International, Inc. Under the SWRL Loan Agreement, SWRL was subject to various financial covenants. SWRL was not compliant with the financial covenants during the year ended February 29, 2016 January 16, 2016 February 29, 2016 February 29, 2016. February 29, 2016 U-Swirl operates self-serve frozen yogurt cafés under the names “U-Swirl,” “Yogurtini,” “CherryBerry,” “Yogli Mogli Frozen Yogurt,” “Fuzzy Peach Frozen Yogurt,” “Let’s Yo!” and “Aspen Leaf Yogurt”. The Company ’s revenues are currently derived from three February 28, 2017: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 4 4 Franchise stores – Domestic stores and kiosks 6 189 195 International License Stores - 94 94 Cold Stone Creamery – co-branded 5 83 88 U-Swirl cafés (Including all associated brands) Company-owned cafés - 2 2 Company-owned cafés – co-branded - 3 3 Franchise stores – North American cafés * 129 129 Franchise stores – North American – co-branded * 16 16 International License cafés - 2 2 Total 11 522 533 *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.
Consolidation, Policy [Policy Text Block]	Consolidation M anagement accounts for the activities of the Company and its subsidiaries, and the accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. As described above, on January 14, 2013, January 14, 2013, January 14, 2013, The Company foreclosed on all of the outstanding stock of U-Swirl International, Inc. as of February 29, 2016 February 29, 2016 February 29, 2016. February 29, 2016,
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of six approximately $5.3 February 28, 2017.
Receivables, Policy [Policy Text Block]	Accounts and Notes Receivable In the normal course of business, we extend credit to customers, primarily franchisees that satisfy pre-defined credit criteria. The Company believes that it has limited concentration of credit risk primarily because its receivables are secured by the assets of the franchisees to which the Company ordinarily extends credit, including, but not limited to, their franchise rights and inventories. An allowance for doubtful accounts is determined through analysis of the aging of accounts receivable, assessments of collectability based on historical trends, and an evaluation of the impact of current and projected economic conditions. The process by which the Company performs its analysis is conducted on a customer by customer, or franchisee by franchisee, basis and takes into account, among other relevant factors, sales history, outstanding receivables, customer financial strength, as well as customer specific and geographic market factors relevant to projected performance. The Company monitors the collectability of its accounts receivable on an ongoing basis by assessing the credit worthiness of its customers and evaluating the impact of reasonably likely changes in economic conditions that may February 28, 2017, $655,028 $48,647 4.5% 6%. September, 2022 $579,000
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or net realizable value. An inventory reserve is established to reduce the cost of obsolete, damaged and excess inventories to the lower of cost or net realizable value based on actual differences. This inventory reserve is determined through analysis of items held in inventory, and, if the recorded value is higher than the market value, the Company records an expense to reduce inventory to its actual market value. The process by which the Company performs its analysis is conducted on an item by item basis and takes into account, among other relevant factors, market value, sales history and future sales potential. Cost is determined using the first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment and Other Assets Property and equipment are recorded at cost. Depreciation and amortization are computed using the straight-line method based upon the estimated useful life of the asset, which range from five thirty nine The Company reviews its long-lived assets through analysis of estimated fair value, including identifiable intangible assets, whenever events or changes indicate the carrying amount of such assets may ’s policy is to review the recoverability of all assets, at a minimum, on an annual basis.
Income Tax, Policy [Policy Text Block]	Income Taxes We provide 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 bases 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 U-Swirl losses, prior to FY 2016 2016 100%, 2017. 2016. fourth 2017 382 17. 6.
Gift Card Breakage, Policy [Policy Text Block]	Gift C ard B reakage The Company and our franchisees sell gift cards that are redeemable for product in our stores. The Company manages the gift card program, and therefore collects all funds from the activation of gift cards and reimburses franchisees for the redemption of gift cards in their stores. A liability for unredeemed gift cards is included in accounts payable and accrued liabilities in the balance sheets. There are no expiration dates on our gift cards, and we do not charge any service fees. While our franchisees continue to honor all gift cards presented for payment, we may When the Company has sufficient historical redemption patterns to calculate breakage estimates, the gift card breakage will be recognized over the same performance period, and in the same proportion, that the Company’s data has demonstrated that gift cards are redeemed. As the Company is in the process of accumulating sufficient historical redemption patterns to calculate breakage estimates, the Company did not recognize gift card breakage during the year ended February 28 29, 2017 2016. $2,921,585 $2,835,943 February 28 29, 2017 2016,
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill arose from three first second The Company performs a goodwill impairment test on an annual basis or more frequently when events or circumstances indicate that the carrying value of a reporting unit more likely than not exceeds its fair value. Recoverability of goodwill is evaluated through comparison of the fair value of each of our reporting units with its carrying value. To the extent that a reporting unit’s carrying value exceeds the implied fair value of its goodwill, an impairment loss is recognized. On February 29, 2016 February 29, 2016 $1,930,529 fourth 2016, 13
Goodwill and Intangible Assets, Policy [Policy Text Block]	Franchise Rights Franchise rights arose from the entry into agreements to acquire substantially all of the franchise rights of Yogurtini, CherryBerry, Fuzzy Peach, Let’s Yo! and Yogli Mogli. Franchise rights are amortized over a period of 20
Insurance and Self-Insurance Reserves [Policy Text Block]	Insurance and Self-Insurance Reserves The Company uses a combination of insurance and self-insurance plans to provide for the potential liabilities for workers ’ compensation, general liability, property insurance, director and officers’ liability insurance, vehicle liability and employee health care benefits. Liabilities associated with the risks that are retained by the Company are estimated, in part, by considering historical claims experience, demographic factors, severity factors and other assumptions. While the Company believes that its assumptions are appropriate, the estimated accruals for these liabilities could be significantly affected if future occurrences and claims differ from these assumptions and historical trends.
Business Combinations Policy [Policy Text Block]	Business Combinations The Company accounts for business combinations using the acquisition method. Under the acquisition method, the purchase price of the acquisition is allocated to the underlying tangible and intangible assets acquired based on their respective fair values. Fair values are derived from various observable and unobservable inputs and assumptions. The Company utilizes third one may Accounting for business combinations requires our management to make significant estimates and assumptions, especially at the acquisition date, including our estimates for intangible assets, contractual obligations assumed, restructuring liabilities, pre-acquisition contingencies and contingent consideration, where applicable. Although we believe the assumptions and estimates we have made have been reasonable and appropriate, they are based in part on historical experience and information obtained from the management of the acquired companies and are inherently uncertain. Moreover, unanticipated events and circumstances may may
Revenue Recognition, Policy [Policy Text Block]	Sales Sales of products to franchisees and other customers are recognized at the time of delivery. Sales of products to franchisees and other customers are made at standard prices, without any bargain sales of equipment or supplies. Sales of products at retail stores are recognized at the time of sale. Rebates Rebates received from purveyors that supply products to our franchisees are included in franchise royalties and fees. Product rebates are recognized in the period in which they are earned. Rebates related to company-owned locations are offset against operating costs. Shipping Fees Shipping fees charged to customers by the Company ’s trucking department are reported as sales. Shipping costs incurred by the Company for inventory are reported as cost of sales or inventory. Franchise and Royalty Fees Franchise fee revenue is recognized upon opening of the franchise store. In addition to the initial franchise fee, the Company also recognizes a marketing and promotion fee of one (1%) third 2004, ten (10%) third 2004 five (5%) 2.5% 6% In certain instances we are required to pay a portion of franchise fee revenue, or royalty fees to parties we’ve contracted with to assist in developing and growing a brand. The agreements generally include Development Agents, or commissioned brokers who are paid a portion of the initial franchise fee, a portion of the ongoing royalty fees, or both. When such agreements exist, we report franchise fee and royalty fee revenues net of the amount paid, or due, to the agent/broker.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets, liabilities, the disclosure of contingent assets and liabilities, at the date of the consolidated financial statements, and revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Vulnerability Due to Certain Concentrations Revenue from one ’s Manufacturing segment represented approximately $4.1 11% February 28, 2017. may
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation At February 2 8, 2017, 2007 The Company recognized $ 584,893, $763,094, $865,240 February 28 29, 2017, 2016 2015, Tax benefits or expense resulting from the difference in the compensation cost recognized for stock options are reported as financing cash flows in the accompanying Statements of Cash Flows. The excess tax benefit or (expense) included in net cash provided by financing activities for the years ended February 28 29, 2017, 2016 2015 $(34,128), $19,868 $200,544, During FY 201 7 2016, 2017 2016. 17 20% five six $564,473 2017 $602,554 2016. February 28, 2017 $1,179,492, 2.2 During FY 2017, 2,000 4,000 2016. $20,420 $61,040 2017 2016,
Earnings Per Share, Policy [Policy Text Block]	Earnings P er Share Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding during each year. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through stock options and restricted stock units. During FY 2017, 2016 2015, 0, 12,936, 12,936,
Advertising Costs, Policy [Policy Text Block]	Advertising and Promotional Expenses The Company expenses advertising costs as incurred. Total advertising expense for RMCF amounted to $279,698, $215,314, $244,946 February 28 29, 2017, 2016 2015, $335,771, $460,034, $399,414 February 28 29, 2017, 2016 2015,
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The Company ’s financial instruments consist of cash and cash equivalents, trade receivables, payables, and notes receivable. The fair value of all instruments approximates the carrying value, because of the relatively short maturity of these instruments.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In January 2017, ’s carrying amount over its fair value. The option to perform a qualitative assessment first 2020 2017. In August 2016, 2016 15, 230): 2016 15 eight 2016 15 December 15, 2017, March 1, 2018. In June 2016, 2016 13, 326): 2016 13 2016 13 2016 13 March 1, 2020 2016 13 In March 2016, 2016 09, — Stock Compensation, (Topic 718): 2016 09 December 15, 2016, March 1, 2017. may 2016 09 February 28, 2017 February 29, 2016 $34,000 $20,000, In February 2016, the FASB issued ASU 2016 02, 842), 840 December 15, 2018, 5) In January 2016, the FASB issued ASU 2016 01, 825 10), 2016 01 first 2019, In May 2014, 2014 09, 606). 605, December 15, 2017, December 31, 2016. March 1, 2018. The Company expects the adoption of the new guidance to change the timing of recognition of initial franchise fees, including master license and territory fees for our international business, and renewal fees. Currently, these fees are generally recognized upfront upon either opening of the respective franchise store or entry into a license agreement. The new guidance will generally require these fees to be recognized over the term of the related agreement, which we expect will result in a material impact to revenue recognized for franchise fees, license fees and renewal fees. The Company does not expect this new guidance to materially impact the recognition of royalty income or sales of products. The Company is continuing to evaluate the impact the adoption of this new guidance will have on these and other revenue transactions, as well as the presentation of marketing and advertising fee revenues and expenses, in addition to the impact on accounting policies and related disclosures.
Reclassification, Policy [Policy Text Block]	Reclassifications 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.

Note 1 - Nature of Operations28

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Number of Stores [Table Text Block]	Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 4 4 Franchise stores – Domestic stores and kiosks 6 189 195 International License Stores - 94 94 Cold Stone Creamery – co-branded 5 83 88 U-Swirl cafés (Including all associated brands) Company-owned cafés - 2 2 Company-owned cafés – co-branded - 3 3 Franchise stores – North American cafés * 129 129 Franchise stores – North American – co-branded * 16 16 International License cafés - 2 2 Total 11 522 533

Note 2 - Inventories (Tables)

Note 2 - Inventories (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	2017 2016 Ingredients and supplies $ 3,021,220 $ 2,868,157 Finished candy 2,137,609 2,138,952 U-Swirl food and packaging 66,001 94,345 Reserve for slow moving inventory (249,051 ) (261,346 ) Total inventories $ 4,975,779 $ 4,840,108

Note 3 - Property and Equipme30

Note 3 - Property and Equipment, Net (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	201 7 201 6 Land $ 513,618 $ 513,618 Building 4,787,855 4,784,272 Machinery and equipment 10,598,355 9,987,906 Furniture and fixtures 1,047,319 1,169,475 Leasehold improvements 1,531,112 1,862,603 Transportation equipment 418,402 438,601 Asset i mpairment (47,891 ) (568,803 ) 18,848,770 18,187,672 Less accumulated depreciation 12,390,839 12,177,369 Property and equipment, net $ 6,457,931 $ 6,010,303

Note 4 - Line of Credit and L31

Note 4 - Line of Credit and Long-term Debt (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	20 17 20 16 Note payable in monthly installments of principal and interest at 3.75% per annum through December 2019 collateralized by substantially all business assets. $ 3,831,741 $ 5,085,133 Less current maturities 1,302,501 1,254,007 Long-term obligations $ 2,529,240 $ 3,831,126
Schedule of Maturities of Long-term Debt [Table Text Block]	2018 $ 1,302,501 2019 1,352,900 2020 1,176,340 Total $ 3,831,741

Note 5 - Commitments and Cont32

Note 5 - Commitments and Contingencies (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	2018 $ 603,000 2019 561,000 2020 272,000 2021 49,000 2022 49,000 Thereafter 194,000 Total $ 1,728,000 201 8 $ 28,000 Total $ 28,000 2018 $ 185,700 2019 84,300 2020 62,100 2021 62,100 2022 15,500 Total $ 409,700
Schedule of Future Sublease Rental Payments [Table Text Block]	2018 $ 189,000 2019 90,000 2020 81,000 2021 83,000 2022 29,000 Total $ 472,000
Schedule of Rent Expense [Table Text Block]	2017 2016 2015 Minimum rentals $ 944,938 $ 1,187,003 $ 1,282,363 Less sublease rentals (318,000 ) (479,000 ) (468,000 ) Contingent rentals 25,200 22,200 22,200 $ 652,138 $ 730,203 $ 836,563 201 7 2016 2015 220,791 182,006 185,703

Note 6 - Income Taxes (Tables)

Note 6 - Income Taxes (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2017 2016 2015 Current Federal $ 1,411,126 $ 1,420,811 $ 1,846,365 State 272,214 195,993 246,398 Total Current 1,683,340 1,616,804 2,092,763 Deferred Federal 240,234 (1,725,918 ) (50,603 ) State 22,015 (152,286 ) (4,465 ) Total Deferred 262,249 (1,878,204 ) (55,068 ) Total $ 1,945,589 $ (261,400 ) $ 2,037,695
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2017 2016 2015 Statutory rate 34.0 % 34.0 % 34.0 % State income taxes, net of federal benefit 3.6 % 0.8 % 2.8 % Domestic production deduction (1.1 %) (3.0 %) (1.6 %) Work opportunity tax credits (0.4 %) - - Statutory rate change - (1.6 %) - % Other 0.0 % 0.5 % 0.1 % U-Swirl loss carryforward recognized - (1.8 %) (3.0 %) Valuation allowance, U-Swirl Consolidated loss - (36.3 %) 3.0 % Effective rate – provision (benefit) 36.1 % (7.4 %) 35.3 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred Tax Assets 201 7 201 6 Allowance for doubtful accounts and notes $ 198,354 $ 248,537 Inventories 90,027 96,698 Accrued compensation 188,002 183,898 Loss provisions and deferred income 1,175,351 1,299,191 Self-insurance accrual 37,000 28,923 Amortization 782,683 861,594 Restructuring charges 148,494 148,494 U-Swirl accumulated net loss 164,035 346,605 Valuation allowance (148,494 ) (148,494 ) Net deferred tax assets 2,635,452 3,065,446 Deferred Tax Liabilities Depreciation and amortization (1,683,778 ) (1,537,653 ) Prepaid expenses (92,800 ) (106,138 ) D eferred tax liabilities $ (1,776,578 ) $ (1,643,791 ) Net deferred tax assets $ 858,874 $ 1,421,655
Summary of Valuation Allowance [Table Text Block]	201 7 201 6 Valuation allowance at beginning of period $ 148,494 $ 349,010 Tax expense (benefits) realized by valuation allowance - 81,340 Tax benefits released from valuation allowance - (281,856 ) Valuation allowance at end of period $ 148,494 $ 148,494

Note 8 - Stock Compensation P34

Note 8 - Stock Compensation Plans (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	Original share authorization: 300,000 Prior plan shares authorized and incorporated in the 2007 P lan: 85,340 Additional shares authorized through 2007 Plan amendment: 300,000 Available for award : 685,340 Cancelled/forfeited : 194,325 Shares awarded as unrestricted shares, stock options or restricted stock units : (547,076 ) Shares available for award: 332,589
Share-based Compensation, Stock Options, Activity [Table Text Block]	Twelve Months Ended February 28 or 29: 2017 201 6 201 5 Outstanding stock options at beginning of year: 12,936 12,936 155,880 Granted - - - Exercised - - (142,944 ) Cancelled/forfeited (12,936 ) - - Outstanding stock options as of February 28 or 29: - 12,936 12,936 Weighted average exercise price n/a $ 12.94 $ 12.94 Weighted average remaining contractual term (in years) n/a 0.04 1.04
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Twelve Months Ended February 28 or 29: 201 7 201 6 201 5 Outstanding non-vested restricted stock units at beginning of year: 181,742 237,641 295,040 Granted - - - Vested (48,084 ) (55,899 ) (56,199 ) Cancelled/forfeited (10,000 ) - (1,200 ) Outstanding non-vested restricted stock units as of February 28 or 29: 123,658 181,742 237,641 Weighted average grant date fair value $ 12.21 $ 12.22 $ 12.13 Weighted average remaining vesting period (in years) 2.23 3.22 4.08

Note 9 - Operating Segments (Ta

Note 9 - Operating Segments (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	FY 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,951,055 $ 26,678,514 $ 1,710,734 $ 5,216,076 $ - $ 39,556,379 Intersegment revenues (5,332 ) (1,254,670 ) - - - (1,260,002 ) Revenue from external customers 5,945,723 25,423,844 1,710,734 5,216,076 - 38,296,377 Segment profit (loss) 2,495,709 5,609,957 128,024 1,017,395 (3,855,380 ) 5,395,705 Total assets 1,216,241 12,900,070 1,101,461 9,124,822 5,075,762 29,418,356 Capital expenditures 15,480 966,619 17,047 40,924 198,402 1,238,472 Total depreciation & amortization $ 54,053 $ 463,996 $ 14,755 $ 622,654 $ 133,251 $ 1,288,709 FY 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,947,769 $ 27,726,443 $ 1,622,906 $ 6,535,646 $ - $ 41,832,764 Intersegment revenues (5,185 ) (1,370,684 ) - - - (1,375,869 ) Revenue from external customers 5,942,584 26,355,759 1,622,906 6,535,646 - 40,456,895 Segment profit (loss) 2,608,351 6,731,221 (2,591 ) (2,128,649 ) (3,663,201 ) 3,545,131 Total assets 1,205,616 11,980,933 1,008,783 10,126,209 5,994,184 30,315,725 Capital expenditures 76,762 432,473 3,306 66,476 164,234 743,251 Total depreciation & amortization $ 36,908 $ 406,082 $ 18,236 $ 802,953 $ 156,122 $ 1,420,301 FY 2015 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 5,976,964 $ 27,459,828 $ 2,134,976 $ 7,501,943 $ - $ 43,073,711 Intersegment revenues (342 ) (1,564,993 ) - - - (1,565,335 ) Revenue from external customers 5,976,622 25,894,835 2,134,976 7,501,943 - 41,508,376 Segment profit (loss) 2,783,734 6,993,693 (51,803 ) (245,546 ) (3,699,637 ) 5,780,441 Total assets 1,193,407 12,155,004 1,157,674 12,424,801 7,207,327 34,138,213 Capital expenditures 28,806 378,060 41,361 61,053 117,464 626,744 Total depreciation & amortization $ 41,228 $ 395,864 $ 35,531 $ 813,172 $ 154,653 $ 1,440,448

Note 10 - Supplemental Cash F36

Note 10 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Cash paid (received) for: 201 7 201 6 201 5 Income taxes paid $ 1,997,751 $ 1,383,805 $ 1,896,274 Interest 129,927 170,709 193,022 Accrued Inventory 531,017 298,032 245,183 Non-Cash Financing Activities: Dividend payable 702,525 700,728 721,536 Non-Cash Investing Activities: Sale or distribution of assets in exchange for notes receivable Long-lived assets 20,989 127,500 414,353 Other assets $ - $ 75,000 $ -

Note 12 - Summarized Quarterl37

Note 12 - Summarized Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	First Second Third Fourth Total 201 7 Total revenue $ 9,376,199 $ 8,601,962 $ 9,955,239 $ 10,362,977 $ 38,296,377 Gross margin 2,222,405 2,289,011 2,706,456 1,922,896 9,140,768 Net income 731,834 974,813 1,011,799 731,670 3,450,116 Basic earnings per share 0.13 0.17 0.17 0.13 0.59 Dilute earnings per share $ 0.12 $ 0.16 $ 0.17 $ 0.12 $ 0.58 First Second Third Fourth Total 201 6 Total revenue $ 10,364,022 $ 9,274,554 $ 9,807,313 $ 11,011,006 $ 40,456,895 Gross margin 2,470,383 2,536,811 2,723,841 2,763,228 10,494,263 Net income 762,959 779,796 440,801 2,442,351 4,425,907 Basic earnings per share 0.13 0.13 0.08 0.42 0.75 Diluted earnings per share $ 0.12 $ 0.13 $ 0.07 $ 0.41 $ 0.73

Note 13 - Goodwill and Intang38

Note 13 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	201 7 2016 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 211,152 $ 220,778 $ 209,653 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 - 20 715,339 92,758 459,340 51,423 Franchise Rights 20 5,971,129 1,144,957 5,914,181 760,818 Total 7,459,049 2,000,670 7,146,102 1,573,697 Intangible assets not subject to amortization Franchising segment Company stores goodwill 1,099,328 267,020 1,099,328 267,020 Franchising goodwill 295,000 197,682 295,000 197,682 Manufacturing segment-Goodwill 295,000 197,682 295,000 197,682 Trademark -indefinite life 20,000 - 20,000 - Total 1,709,328 662,384 1,709,328 662,384 Total intangible assets $ 9,168,377 $ 2,663,054 $ 8,855,430 $ 2,236,081
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2018 $ 445,214 2019 451,644 2020 438,487 2021 426,778 2022 403,596 Thereafter 3,292,660 Total $ 5,458,379

Note 14 - Impairment of Long-39

Note 14 - Impairment of Long-lived Retail Assets, Restructuring and Acquisition Related Charges (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Restructuring and Related Costs [Table Text Block]	201 7 201 6 2015 Professional fees $ - $ - $ 284,275 Severance/transitional compensation - - 212,027 Leasehold improvements, property and equipment impairment of long-lived assets and goodwill - 2,326,742 243,000 Provision for termination of contractual obligations 60,000 - - Acceleration of restricted stock unit vesting - - 65,049 Other - - 3,125 Total $ 60,000 $ 2,326,742 $ 807,476

Schedule II - Valuation and Q40

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Feb. 28, 2017
Notes Tables
Valuation and Qualifying Accounts Disclosure [Table Text Block]	Balance at Beginning of Period Additions Charged to Costs & Exp. Deductions Balance at End of Period Year Ended February 2 8, 2017 Valuation Allowance for Accounts and Notes Receivable 670,471 137,316 271,694 536,093 Year Ended February 2 9, 2016 Valuation Allowance for Accounts and Notes Receivable 729,060 171,000 229,589 670,471 Year Ended February 2 8, 2015 Valuation Allowance for Accounts and Notes Receivable 600,930 214,600 86,470 729,060

Note 1 - Nature of Operations41

Note 1 - Nature of Operations and Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended								12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015	Jan. 31, 2013
Common Stock, Par or Stated Value Per Share	$ 0.001				$ 0.001				$ 0.001	$ 0.001	$ 0.03
Assets	$ 29,418,356				$ 30,315,725				$ 29,418,356	$ 30,315,725	$ 34,138,213
Cash, Uninsured Amount	5,300,000								5,300,000
Financing Receivable, Gross	655,028								655,028
Financing Receivable, Allowance for Credit Losses	48,647								48,647
Gift Card Liability, Current	2,921,585				2,835,943				2,921,585	2,835,943
Revenues	10,362,977	$ 9,955,239	$ 8,601,962	$ 9,376,199	11,011,006	$ 9,807,313	$ 9,274,554	$ 10,364,022	38,296,377	40,456,895	41,508,376
Allocated Share-based Compensation Expense									584,893	763,094	865,240
Excess Tax Benefit from Share-based Compensation, Financing Activities									$ (34,128)	$ 19,868	200,544
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest									$ 3,450,116	$ 3,806,531	$ 3,742,746
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount									0	12,936	12,936
Restricted Stock Units (RSUs) [Member]
Allocated Share-based Compensation Expense									$ 564,473	$ 602,554
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	1,179,492								$ 1,179,492
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition									2 years 73 days
Unrestricted Shares of Stock [Member]
Allocated Share-based Compensation Expense									$ 20,420	$ 61,040
Stock Issued During Period, Shares, Share-based Compensation, Gross									2,000	4,000
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of Major Customers									1
Revenues									$ 4,100,000
Concentration Risk, Percentage									11.00%
Marketing and Promotion Fee [Member]
Franchise Fee Rate									1.00%
Products Sold [Member]
Franchise Fee Rate									10.00%
Gross Retail Sales In Stores Opened Prior To July 2004 [Member]
Franchise Fee Rate									5.00%
Pro Forma [Member] | Accounting Standards Update 2016-09 [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest									$ (34,000)	$ 20,000
Franchise Rights [Member]
Finite-Lived Intangible Asset, Useful Life									20 years
U-Swirl International, Inc. [Member]
Goodwill, Impairment Loss										1,930,529
Secured by Assets Financed [Member]
Financing Receivable, Gross	$ 579,000								$ 579,000
Minimum [Member]
Financing Receivable Interest Rate	4.50%								4.50%
Property, Plant and Equipment, Useful Life									5 years
Percent of Retail Sales	2.50%								2.50%
Minimum [Member] | Restricted Stock Units (RSUs) [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
Maximum [Member]
Financing Receivable Interest Rate	6.00%								6.00%
Property, Plant and Equipment, Useful Life									39 years
Percent of Retail Sales	6.00%								6.00%
Maximum [Member] | Restricted Stock Units (RSUs) [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
USwirl Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	39.00%								39.00%
Equity Method Investment, Ownership Percentage												60.00%
Advertising Expense									$ 335,771	460,034	$ 399,414
USwirl Inc [Member] | Operating Assets [Member]
Assets					$ 0					0
Rocky Mountain Chocolate Factory [Member]
Advertising Expense									$ 279,698	$ 215,314	$ 244,946

Note 1 - Nature of Operations42

Note 1 - Nature of Operations and Summary of Significant Accounting Policies - Number of Stores (Details)		Feb. 28, 2017	Feb. 28, 2016	Aug. 31, 2014
Number of stores		533
USwirl Inc [Member]
Number of stores			210	287
Sold Not Yet Open [Member]
Number of stores		11
Open [Member]
Number of stores		522
Company Owned Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		4
Company Owned Stores [Member] | USwirl Inc [Member]
Number of stores		2
Company Owned Stores [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		0
Company Owned Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores
Company Owned Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		4
Company Owned Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores		2
Franchise Stores - Domestic Stores and Kiosks [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		195
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		6
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		189
International License Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		94
International License Stores [Member] | USwirl Inc [Member]
Number of stores		2
International License Stores [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores
International License Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores
International License Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		94
International License Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores		2
Cold Stone Creamery - Co-Branded [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		88
Cold Stone Creamery - Co-Branded [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		5
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores		83
Company Owned Stores Co-branded [Member] | USwirl Inc [Member]
Number of stores		3
Company Owned Stores Co-branded [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores
Company Owned Stores Co-branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores		3
Franchise Stores - North American Stores [Member] | USwirl Inc [Member]
Number of stores		129
Franchise Stores - North American Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	[1]
Franchise Stores - North American Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores		129
Franchise Stores - North American - Co-branded [Member] | USwirl Inc [Member]
Number of stores		16
Franchise Stores - North American - Co-branded [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	[1]
Franchise Stores - North American - Co-branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores		16
[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 - Inventories - Inventor

Note 2 - Inventories - Inventories (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Ingredients and supplies	$ 3,021,220	$ 2,868,157
Finished candy	2,137,609	2,138,952
U-Swirl food and packaging	66,001	94,345
Reserve for slow moving inventory	(249,051)	(261,346)
Total inventories	$ 4,975,779	$ 4,840,108

Note 3 - Property and Equipme44

Note 3 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Property, plant and equipment, gross	$ 18,848,770	$ 18,187,672
Asset impairment	(47,891)	(568,803)
Less accumulated depreciation	12,390,839	12,177,369
Property and equipment, net	6,457,931	6,010,303
Land [Member]
Property, plant and equipment, gross	513,618	513,618
Building [Member]
Property, plant and equipment, gross	4,787,855	4,784,272
Machinery and Equipment [Member]
Property, plant and equipment, gross	10,598,355	9,987,906
Furniture and Fixtures [Member]
Property, plant and equipment, gross	1,047,319	1,169,475
Leasehold Improvements [Member]
Property, plant and equipment, gross	1,531,112	1,862,603
Transportation Equipment [Member]
Property, plant and equipment, gross	$ 418,402	$ 438,601

Note 4 - Line of Credit and L45

Note 4 - Line of Credit and Long-term Debt (Details Textual) - USD ($) $ in Millions	Jan. 16, 2014	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2014
Line of Credit Facility, Maximum Borrowing Capacity		$ 5
Debt Instrument, Interest Rate, Stated Percentage		3.75%	3.75%	3.75%
Line of Credit Facility, Remaining Borrowing Capacity		$ 5
Wells Fargo Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 7
Proceeds from Lines of Credit	$ 6.4
Line of Credit [Member] | Wells Fargo Bank [Member]
Debt Instrument, Interest Rate, Stated Percentage		3.00%
Line of Credit [Member] | Wells Fargo Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.25%
Eligible Inventories [Member]
Maximum Draws Allowed		50.00%

Note 4 - Line of Credit and L46

Note 4 - Line of Credit and Long-term Debt - Long-term Note Payable (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016
Note payable in monthly installments of principal and interest at 3.75% per annum through December 2019 collateralized by substantially all business assets.	$ 3,831,741	$ 5,085,133
Less current maturities	1,302,501	1,254,007
Long-term obligations	$ 2,529,240	$ 3,831,126

Note 4 - Line of Credit and L47

Note 4 - Line of Credit and Long-term Debt - Long-term Note Payable (Details) (Parentheticals)	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2014
Debt Instrument, Interest Rate, Stated Percentage	3.75%	3.75%	3.75%

Note 4 - Line of Credit and L48

Note 4 - Line of Credit and Long-term Debt - Annual Maturities of Notes Payable (Details)	Feb. 28, 2017USD ($)
2,018	$ 1,302,501
2,019	1,352,900
2,020	1,176,340
Total	$ 3,831,741

Note 5 - Commitments and Cont49

Note 5 - Commitments and Contingencies (Details Textual)	1 Months Ended	2 Months Ended	12 Months Ended
	Feb. 28, 2015$ / sharesshares	Aug. 31, 2015USD ($)	Feb. 28, 2017USD ($)	Feb. 28, 2016	Aug. 31, 2014
Number of Stores			533
Contractual Obligation			$ 2,595,000
Business Combination Shortfall Payment			1,800,000
USwirl Inc [Member]
Number of Stores				210	287
CherryBerry [Member] | USwirl Inc [Member]
Stock Issued During Period, Shares, Acquisitions | shares	4,000,000
Lock-up Agreement	1 year
Business Combination, Contingent Consideration, Sale of Stock, Price Per Share | $ / shares	$ 0.50
Requested Shortfall Payment		$ 205,000
Business Combination, Contingent Consideration, Liability			$ 0
Franchised Stores [Member]
Number of Stores			332
Franchised Stores [Member] | Primary Lessee [Member]
Number of Stores			5
Former Office Space [Member] | Primary Lessee [Member]
Number of Stores			1
Minimum [Member]
Lessee, Operating Lease, Renewal Term			5 years
Maximum [Member]
Lessee, Operating Lease, Renewal Term			10 years
Retail Operations Facilities [Member] | Minimum [Member]
Lessee, Operating Lease, Term of Contract			5 years
Retail Operations Facilities [Member] | Maximum [Member]
Lessee, Operating Lease, Term of Contract			10 years

Note 5 - Commitments and Cont50

Note 5 - Commitments and Contingencies - Future Minimum Rental Payments Under Operating Leases (Details)	Feb. 28, 2017USD ($)
Retail Operations Facilities [Member]
2,018	$ 603,000
2,019	561,000
2,020	272,000
2,021	49,000
2,022	49,000
Thereafter	194,000
Total	1,728,000
Warehouse Space [Member]
2,018	28,000
Total	28,000
Trucking Equipment [Member]
2,018	185,700
2,019	84,300
2,020	62,100
2,021	62,100
2,022	15,500
Total	$ 409,700

Note 5 - Commitments and Cont51

Note 5 - Commitments and Contingencies - Sublease Rental Income (Details)	Feb. 28, 2017USD ($)
2,018	$ 189,000
2,019	90,000
2,020	81,000
2,021	83,000
2,022	29,000
Total	$ 472,000

Note 5 - Commitments and Cont52

Note 5 - Commitments and Contingencies - Net Lease Expense for Operating Leases (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Minimum rentals	$ 944,938	$ 1,187,003	$ 1,282,363
Less sublease rentals	(318,000)	(479,000)	(468,000)
Contingent rentals	25,200	22,200	22,200
Retail operating lease expense	652,138	730,203	836,563
Trucking Equipment [Member]
Lease and rental expense	$ 220,791	$ 182,006	$ 185,703

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Income Tax Expense (Benefit)	$ 1,945,589	$ (261,400)	$ 2,037,695
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 164,035	346,605
USwirl Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	39.00%
U-Swirl Segment [Member]
Income Tax Expense (Benefit)		$ (2,149,000)
Operating Loss Carryforwards	$ 443,000
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 164,000

Note 6 - Income Taxes - Income

Note 6 - Income Taxes - Income Tax Expense (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Federal	$ 1,411,126	$ 1,420,811	$ 1,846,365
State	272,214	195,993	246,398
Total Current	1,683,340	1,616,804	2,092,763
Federal	240,234	(1,725,918)	(50,603)
State	22,015	(152,286)	(4,465)
Total Deferred	262,248	(1,878,205)	(55,068)
Total	$ 1,945,589	$ (261,400)	$ 2,037,695

Note 6 - Income Taxes - Reconci

Note 6 - Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate and the Effective Rate (Details)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Statutory rate	34.00%	34.00%	34.00%
State income taxes, net of federal benefit	3.60%	0.80%	2.80%
Domestic production deduction	(1.10%)	(3.00%)	(1.60%)
Work opportunity tax credits	(0.40%)
Statutory rate change		(1.60%)
Other	0.00%	0.50%	0.10%
U-Swirl loss carryforward recognized		(1.80%)	(3.00%)
Valuation allowance, U-Swirl Consolidated loss		(36.30%)	3.00%
Effective rate – provision (benefit)	36.10%	(7.40%)	35.30%

Note 6 - Income Taxes - Compone

Note 6 - Income Taxes - Components of Deferred Income Taxes (Details) - USD ($)	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Allowance for doubtful accounts and notes	$ 198,354	$ 248,537
Inventories	90,027	96,698
Accrued compensation	188,002	183,898
Loss provisions and deferred income	1,175,351	1,299,191
Self-insurance accrual	37,000	28,923
Amortization	782,683	861,594
Restructuring charges	148,494	148,494
U-Swirl accumulated net loss	164,035	346,605
Valuation allowance	(148,494)	(148,494)	$ (349,010)
Net deferred tax assets	2,635,452	3,065,446
Depreciation and amortization	(1,683,778)	(1,537,653)
Prepaid expenses	(92,800)	(106,138)
Deferred tax liabilities	(1,776,578)	(1,643,791)
Net deferred tax assets	$ 858,874	$ 1,421,655

Note 6 - Income Taxes - Summary

Note 6 - Income Taxes - Summary of Deferred Income Tax Valuation Allowances (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Valuation allowance at beginning of period	$ 148,494	$ 349,010
Tax expense (benefits) realized by valuation allowance		81,340
Tax benefits released from valuation allowance		(281,856)
Valuation allowance at end of period	$ 148,494	$ 148,494

Note 7 - Stockholders' Equity (

Note 7 - Stockholders' Equity (Details Textual) - USD ($)	Feb. 24, 2017	Dec. 09, 2016	Sep. 16, 2016	Jun. 17, 2016	Mar. 11, 2016	Feb. 28, 2017	Nov. 30, 2016	May 21, 2015	Jan. 13, 2015	Jul. 15, 2014
Common Stock, Dividends, Per Share, Cash Paid	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12
Stock Repurchase Program, Authorized Amount									$ 2,058,000	$ 3,000,000
Stock Repurchase Program, Additional Authorized Amount								$ 2,090,000
Treasury Stock, Shares, Acquired						0	35,108
Treasury Stock Acquired, Average Cost Per Share							$ 10.01
Stock Repurchase Program, Remaining Authorized Repurchase Amount						$ 638,000

Note 8 - Stock Compensation P59

Note 8 - Stock Compensation Plans - Summarizes Stock Awards (Details) - 2007 Equity Incentive Plan [Member	12 Months Ended
	Feb. 28, 2017shares
Original share authorization: (in shares)	300,000
Prior plan shares authorized and incorporated in the 2007 Plan: (in shares)	85,340
Additional shares authorized through 2007 Plan amendment: (in shares)	300,000
Available for award: (in shares)	685,340
Cancelled/forfeited: (in shares)	194,325
Shares awarded as unrestricted shares, stock options or restricted stock units: (in shares)	(547,076)
Shares available for award: (in shares)	332,589

Note 8 - Stock Compensation P60

Note 8 - Stock Compensation Plans - Stock Option Awards Outstanding Under the Plans (Details) - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Outstanding stock options at beginning of year: (in shares)	12,936	12,936	155,880
Exercised (in shares)			(142,944)
Cancelled/forfeited (in shares)	(12,936)
Outstanding stock options as of February 28 or 29: (in shares)		12,936	12,936
Weighted average exercise price (in dollars per share)		$ 12.94	$ 12.94
Weighted average remaining contractual term (in years) (Year)		14 days	1 year 14 days

Note 8 - Stock Compensation P61

Note 8 - Stock Compensation Plans - Restricted Stock Unit Awards Outstanding Under the Plans (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Outstanding non-vested restricted stock units at beginning of year: (in shares)	181,742	237,641	295,040
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	0	0
Vested (in shares)	(48,084)	(55,899)	(56,199)
Cancelled/forfeited (in shares)	(10,000)		(1,200)
Outstanding non-vested restricted stock units as of February 28 or 29: (in shares)	123,658	181,742	237,641
Weighted average grant date fair value (in dollars per share)	$ 12.21	$ 12.22	$ 12.13
Weighted average remaining vesting period (in years) (Year)	2 years 83 days	3 years 80 days	4 years 29 days

Note 9 - Operating Segments (De

Note 9 - Operating Segments (Details Textual)	3 Months Ended								12 Months Ended
	Feb. 28, 2017USD ($)	Nov. 30, 2016USD ($)	Aug. 31, 2016USD ($)	May 31, 2016USD ($)	Feb. 29, 2016USD ($)	Nov. 30, 2015USD ($)	Aug. 31, 2015USD ($)	May 31, 2015USD ($)	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2015USD ($)
Number of Reportable Segments									5
Revenues	$ 10,362,977	$ 9,955,239	$ 8,601,962	$ 9,376,199	$ 11,011,006	$ 9,807,313	$ 9,274,554	$ 10,364,022	$ 38,296,377	$ 40,456,895	$ 41,508,376
Manufacturing [Member]
Revenues									$ 25,423,844	26,355,759	$ 25,894,835
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of Major Customers									1
Revenues									$ 4,100,000
Concentration Risk, Percentage									11.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Manufacturing [Member]
Number of Major Customers									1
Revenues									$ 4,100,000	$ 5,200,000
Concentration Risk, Percentage									10.60%	12.80%

Note 9 - Operating Segments - S

Note 9 - Operating Segments - Segment Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Revenues	$ 10,362,977	$ 9,955,239	$ 8,601,962	$ 9,376,199	$ 11,011,006	$ 9,807,313	$ 9,274,554	$ 10,364,022	$ 38,296,377	$ 40,456,895	$ 41,508,376
Segment profit (loss)									5,395,705	3,545,131	5,780,441
Assets	29,418,356				30,315,725				29,418,356	30,315,725	34,138,213
Capital expenditures									1,238,472	743,251	626,744
Total depreciation and amortization									1,288,709	1,420,301	1,440,448
Franchising [Member]
Revenues									5,945,723	5,942,584	5,976,622
Segment profit (loss)									2,495,709	2,608,351	2,783,734
Assets	1,216,241				1,205,616				1,216,241	1,205,616	1,193,407
Capital expenditures									15,480	76,762	28,806
Total depreciation and amortization									54,053	36,908	41,228
Manufacturing [Member]
Revenues									25,423,844	26,355,759	25,894,835
Segment profit (loss)									5,609,957	6,731,221	6,993,693
Assets	12,900,070				11,980,933				12,900,070	11,980,933	12,155,004
Capital expenditures									966,619	432,473	378,060
Total depreciation and amortization									463,996	406,082	395,864
Retail [Member]
Revenues									1,710,734	1,622,906	2,134,976
Segment profit (loss)									128,024	(2,591)	(51,803)
Assets	1,101,461				1,008,783				1,101,461	1,008,783	1,157,674
Capital expenditures									17,047	3,306	41,361
Total depreciation and amortization									14,755	18,236	35,531
U-Swirl Segment [Member]
Revenues									5,216,076	6,535,646	7,501,943
Segment profit (loss)									1,017,395	(2,128,649)	(245,546)
Assets	9,124,822				10,126,209				9,124,822	10,126,209	12,424,801
Capital expenditures									40,924	66,476	61,053
Total depreciation and amortization									622,654	802,953	813,172
Other Segments [Member]
Revenues									0	0
Segment profit (loss)									(3,855,380)	(3,663,201)	(3,699,637)
Assets	$ 5,075,762				$ 5,994,184				5,075,762	5,994,184	7,207,327
Capital expenditures									198,402	164,234	117,464
Total depreciation and amortization									133,251	156,122	154,653
Operating Segments [Member]
Revenues									39,556,379	41,832,764	43,073,711
Operating Segments [Member] | Franchising [Member]
Revenues									5,951,055	5,947,769	5,976,964
Operating Segments [Member] | Manufacturing [Member]
Revenues									26,678,514	27,726,443	27,459,828
Operating Segments [Member] | Retail [Member]
Revenues									1,710,734	1,622,906	2,134,976
Operating Segments [Member] | U-Swirl Segment [Member]
Revenues									5,216,076	6,535,646	7,501,943
Operating Segments [Member] | Other Segments [Member]
Revenues									0	0
Intersegment Eliminations [Member]
Revenues									(1,260,002)	(1,375,869)	(1,565,335)
Intersegment Eliminations [Member] | Franchising [Member]
Revenues									(5,332)	(5,185)	(342)
Intersegment Eliminations [Member] | Manufacturing [Member]
Revenues									(1,254,670)	(1,370,684)	(1,564,993)
Intersegment Eliminations [Member] | Retail [Member]
Revenues									0	0
Intersegment Eliminations [Member] | U-Swirl Segment [Member]
Revenues									0	0
Intersegment Eliminations [Member] | Other Segments [Member]
Revenues									$ 0	$ 0

Note 10 - Supplemental Cash F64

Note 10 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Income taxes paid	$ 1,997,751	$ 1,383,805	$ 1,896,274
Interest	129,927	170,709	193,022
Accrued Inventory	531,017	298,032	245,183
Dividend payable	702,525	700,728	721,536
Sale of Long Lived Assets [Member]
Notes receiavable	20,989	127,500	414,353
Sale of Other Assets [Member]
Notes receiavable		$ 75,000

Note 11 - Employee Benefit Pl65

Note 11 - Employee Benefit Plan (Details Textual) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Defined Contribution Plan Employers Matching Contribution Vesting Period	3 years
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	25.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.50%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 66,000	$ 62,000	$ 60,000

Note 12 - Summarized Quarterl66

Note 12 - Summarized Quarterly Data (Unaudited) - Quarterly Results of Operations (Details) - USD ($)	3 Months Ended								12 Months Ended
	Feb. 28, 2017	Nov. 30, 2016	Aug. 31, 2016	May 31, 2016	Feb. 29, 2016	Nov. 30, 2015	Aug. 31, 2015	May 31, 2015	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Revenues	$ 10,362,977	$ 9,955,239	$ 8,601,962	$ 9,376,199	$ 11,011,006	$ 9,807,313	$ 9,274,554	$ 10,364,022	$ 38,296,377	$ 40,456,895	$ 41,508,376
Gross margin	1,922,896	2,706,456	2,289,011	2,222,405	2,763,228	2,723,841	2,536,811	2,470,383	9,140,768	10,494,263
Net income	$ 731,670	$ 1,011,799	$ 974,813	$ 731,834	$ 2,442,351	$ 440,801	$ 779,796	$ 762,959	$ 3,450,116	$ 4,425,907	$ 3,937,840
Basic earnings per share (in dollars per share)	$ 0.13	$ 0.17	$ 0.17	$ 0.13	$ 0.42	$ 0.08	$ 0.13	$ 0.13	$ 0.59	$ 0.75	$ 0.64
Dilute earnings per share (in dollars per share)	$ 0.12	$ 0.17	$ 0.16	$ 0.12	$ 0.41	$ 0.07	$ 0.13	$ 0.12	$ 0.58	$ 0.73	$ 0.61

Note 13 - Goodwill and Intang67

Note 13 - Goodwill and Intangible Assets (Details Textual)	12 Months Ended			36 Months Ended
	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2015USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2016	Aug. 31, 2014
Number of Stores	533
Amortization of Intangible Assets	$ 427,840	$ 378,373	$ 361,723
USwirl Inc [Member]
EBITDA Requirement		1,804,000
Number of Stores					210	287
USwirl Inc [Member] | Minimum [Member]
Ajusted EBITDA				$ 1,532,000
USwirl Inc [Member] | Maximum [Member]
Ajusted EBITDA				$ 1,284,000
U-Swirl International, Inc. [Member]
Goodwill, Impairment Loss		$ 1,930,529

Note 13 - Goodwill and Intang68

Note 13 - Goodwill and Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Intangible assets subject to amortization, gross carrying value	$ 7,459,049	$ 7,146,102
Intangible assets subject to amortization, accumulated amortization	2,000,670	1,573,697
Intangible assets not subject to amortization, gross carrying value	1,709,328	1,709,328
Intangible assets not subject to amortization, accumulated goodwill impairment	662,384	662,384
Intangible assets not subject to amortization, accumulated goodwill impairment	662,384	662,384
Total intangible assets	9,168,377	8,855,430
Total intangible assets	2,663,054	2,236,081
Company Stores Goodwill [Member]
Intangible assets not subject to amortization, gross carrying value	1,099,328	1,099,328
Intangible assets not subject to amortization, accumulated goodwill impairment	267,020	267,020
Intangible assets not subject to amortization, accumulated goodwill impairment	267,020	267,020
Franchising Goodwill [Member]
Intangible assets not subject to amortization, gross carrying value	295,000	295,000
Intangible assets not subject to amortization, accumulated goodwill impairment	197,682	197,682
Intangible assets not subject to amortization, accumulated goodwill impairment	197,682	197,682
Manufacturing Segment Goodwill [Member]
Intangible assets not subject to amortization, gross carrying value	295,000	295,000
Intangible assets not subject to amortization, accumulated goodwill impairment	197,682	197,682
Intangible assets not subject to amortization, accumulated goodwill impairment	197,682	197,682
Trademarks [Member]
Intangible assets not subject to amortization, gross carrying value	20,000	20,000
Intangible assets not subject to amortization, accumulated goodwill impairment
Intangible assets not subject to amortization, accumulated goodwill impairment
Store Design [Member]
Amortization Period (Year)	10 years
Intangible assets subject to amortization, gross carrying value	$ 220,778	220,778
Intangible assets subject to amortization, accumulated amortization	211,152	209,653
Packaging Licenses [Member]
Intangible assets subject to amortization, gross carrying value	120,830	120,830
Intangible assets subject to amortization, accumulated amortization	$ 120,830	120,830
Packaging Licenses [Member] | Minimum [Member]
Amortization Period (Year)	3 years
Packaging Licenses [Member] | Maximum [Member]
Amortization Period (Year)	5 years
Packaging Design [Member]
Amortization Period (Year)	10 years
Intangible assets subject to amortization, gross carrying value	$ 430,973	430,973
Intangible assets subject to amortization, accumulated amortization	430,973	430,973
Trademarks and Non Competition Agreement [Member]
Intangible assets subject to amortization, gross carrying value	715,339	459,340
Intangible assets subject to amortization, accumulated amortization	$ 92,758	51,423
Trademarks and Non Competition Agreement [Member] | Minimum [Member]
Amortization Period (Year)	5 years
Trademarks and Non Competition Agreement [Member] | Maximum [Member]
Amortization Period (Year)	20 years
Franchise Rights [Member]
Amortization Period (Year)	20 years
Intangible assets subject to amortization, gross carrying value	$ 5,971,129	5,914,181
Intangible assets subject to amortization, accumulated amortization	$ 1,144,957	$ 760,818

Note 13 - Goodwill and Intang69

Note 13 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)	Feb. 28, 2017USD ($)
2,018	$ 445,214
2,019	451,644
2,020	438,487
2,021	426,778
2,022	403,596
Thereafter	3,292,660
Total	$ 5,458,379

Note 14 - Impairment of Long-70

Note 14 - Impairment of Long-lived Retail Assets, Restructuring and Acquisition Related Charges (Details Textual)	12 Months Ended
	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2015USD ($)	Feb. 28, 2016	Aug. 31, 2014	Feb. 28, 2014	Feb. 20, 2014
Number of Stores	533
Restructuring Charges			$ 179,399
Asset Impairment Charges		$ 2,319,003	225,640
Facility Closing [Member]
Asset Impairment Charges		39,933
Satisfaction of Obligations Loan Agreement [Member]
Asset Impairment Charges		356,280
CherryBerry, Yogli Mogli LLC, and Fuzzy Peach Franchising, LLC[Member]
Restructuring Charges		$ 0	124,551
USwirl Inc [Member]
Number of Stores				210	287
Restructuring Charges			$ 503,526
Fuzzy Peach Franchising, LLC [Member]
Number of Stores							17
USwirl Inc [Member]
Number of Stores						1
Yogli Mogli LLC [Member]
Number of Stores						4

Note 14 - Impairment of Long-71

Note 14 - Impairment of Long-lived Retail Assets, Restructuring and Acquisition Related Charges - Restructuring Charges Incurred (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Restructuring, Settlement and Impairment Provisions	$ 60,000	$ 2,326,742	$ 807,476
Professional Fees [Member]
Restructuring, Settlement and Impairment Provisions			284,275
Employee Severance [Member]
Restructuring, Settlement and Impairment Provisions			212,027
Leasehold Improvements Property and Equipment Impairment of Long-Lived Assets [Member]
Restructuring, Settlement and Impairment Provisions		2,326,742	243,000
Termination of Contractual Obligations [Member]
Restructuring, Settlement and Impairment Provisions	60,000
Acceleration of Restricted Stock Unit Vesting [Member]
Restructuring, Settlement and Impairment Provisions			65,049
Other Restructuring [Member]
Restructuring, Settlement and Impairment Provisions			$ 3,125

Note 15 - Related Party Trans72

Note 15 - Related Party Transactions (Details Textual) - Immediate Family Member of Management or Principal Owner [Member]	12 Months Ended
	Feb. 28, 2017USD ($)
Related Party Transaction, Expenses from Transactions with Related Party	$ 47,822
Increase (Decrease) in Accounts Payable, Related Parties	$ 0

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual)	May 22, 2017$ / shares
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.12

Note 17 - Immaterial Revision74

Note 17 - Immaterial Revision of Previously Reported Income Taxes and Deferred Tax Liabilities (Details Textual)	12 Months Ended
	Feb. 28, 2017USD ($)
Correction to Retained Earnings [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	$ (492,766)
Correction to Accrued Liabilities [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	192,233
Correction to Deferred Tax Assets [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount	$ (300,533)

Schedule II - Valuation and Q75

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($)	12 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2015
Valuation Allowance for Accounts and Notes Receivable Beginning Balance	$ 670,471	$ 729,060	$ 600,930
Valuation Allowance and Reserves Charged to Cost and Expense	137,316	171,000	214,600
Valuation Allowances and Reserves Deductions	271,694	229,589	86,470
Valuation Allowance for Accounts and Notes Receivable Ending Balance	$ 536,093	$ 670,471	$ 729,060