Rocky Mountain Chocolate Factory (RMCF) 10-Q 10 Oct 17 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Aug. 31, 2017	Sep. 30, 2017
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)		5,903,436
Document Type	10-Q
Document Period End Date	Aug. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Revenues
Sales	$ 6,063,381	$ 6,316,475	$ 13,270,320	$ 13,340,809
Franchise and royalty fees	2,203,310	2,285,487	4,342,818	4,637,352
Total revenues	8,266,691	8,601,962	17,613,138	17,978,161
Costs and Expenses
Cost of sales	3,852,471	4,027,464	8,867,436	8,829,393
Franchise costs	558,407	503,287	1,073,199	1,051,000
Sales and marketing	566,031	663,010	1,192,383	1,317,139
General and administrative	976,647	981,149	2,105,353	2,221,207
Retail operating	616,927	658,666	1,189,751	1,325,615
Depreciation and amortization, exclusive of depreciation and amortization expense of $127,882, $103,726, $253,497 and $206,199, respectively, included in cost of sales	194,990	213,957	389,924	436,708
Restructuring and acquisition related charges				60,000
Total costs and expenses	6,765,473	7,047,533	14,818,046	15,241,062
Income from Operations	1,501,218	1,554,429	2,795,092	2,737,099
Other Income (Expense)
Interest expense	(32,088)	(44,263)	(67,277)	(92,042)
Interest income	6,213	11,300	13,431	22,997
Other income (expense), net	(25,875)	(32,963)	(53,846)	(69,045)
Income Before Income Taxes	1,475,343	1,521,466	2,741,246	2,668,054
Income Tax Provision	547,059	546,653	999,290	961,407
Consolidated Net Income	$ 928,284	$ 974,813	$ 1,741,956	$ 1,706,647
Basic Earnings per Common Share (in dollars per share)	$ 0.16	$ 0.17	$ 0.30	$ 0.29
Diluted Earnings per Common Share (in dollars per share)	$ 0.16	$ 0.16	$ 0.29	$ 0.28
Weighted Average Common Shares Outstanding - Basic (in shares)	5,876,727	5,829,083	5,865,549	5,832,299
Dilutive Effect of Stock Options and Restricted Stock Units (in shares)	104,776	161,965	114,071	171,854
Weighted Average Common Shares Outstanding - Diluted (in shares)	5,981,503	5,991,048	5,979,620	6,004,153

Consolidated Statements of Inc3

Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Depreciation and amortization expense	$ 137,882	$ 103,726	$ 253,497	$ 206,199

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Current Assets
Cash and cash equivalents	$ 5,744,297	$ 5,779,195
Accounts receivable, less allowance for doubtful accounts of $536,040 and $487,446, respectively	2,959,011	3,855,823
Notes receivable, current portion, less current portion of the valuation allowance of $6,100 and $22,147, respectively	169,787	235,612
Refundable income taxes	173,310	47,863
Inventories, less reserve for slow moving inventory of $252,542 and $249,051, respectively	6,148,649	4,975,779
Other	387,772	256,548
Total current assets	15,582,826	15,150,820
Property and Equipment, Net	6,384,937	6,457,931
Other Assets
Notes receivable, less current portion and valuation allowance of $42,647 and $26,500, respectively	331,366	370,769
Goodwill, net	1,046,944	1,046,944
Franchise Rights, net	4,635,825	4,826,172
Intangible assets, net	609,914	632,207
Deferred income taxes	796,887	858,874
Other	66,116	74,639
Total other assets	7,487,052	7,809,605
Total Assets	29,454,815	29,418,356
Current Liabilities
Current maturities of long term debt	1,327,251	1,302,501
Accounts payable	1,685,326	1,820,470
Accrued salaries and wages	642,821	608,510
Gift card liabilities	2,913,716	2,921,585
Other accrued expenses	303,831	253,497
Dividend payable	708,412	702,525
Deferred income	530,176	451,171
Total current liabilities	8,111,533	8,060,259
Long-Term Debt, Less Current Maturities	1,858,926	2,529,240
Commitments and Contingencies
Stockholders’ Equity
Preferred stock, $.001 par value; 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, 46,000,000 shares authorized, 5,903,436 shares and 5,854,372 shares issued and outstanding, respectively	5,903	5,854
Additional paid-in capital	5,863,788	5,539,357
Retained earnings	13,614,665	13,283,646
Total stockholders’ equity	19,484,356	18,828,857
Total Liabilities and Stockholders’ Equity	$ 29,454,815	$ 29,418,356

Consolidated Balance Sheets (C5

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Accounts receivable, allowance for doubtful accounts	$ 536,040	$ 487,446
Notes receivable, current portion of valuation allowance	6,100	22,147
Inventories, reserve	252,542	249,051
Notes receivable, valuation allowance	$ 42,647	$ 26,500
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, shares authorized (in shares)	250,000	250,000
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)	5,903,436	5,854,372
Common stock, shares outstanding (in shares)	5,903,436	5,854,372
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 Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash Flows From Operating Activities
Net income	$ 1,741,956	$ 1,706,647
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	643,421	642,907
Provision for obsolete inventory	43,660	42,456
Provision for loss on accounts and notes receivable	58,800	68,800
Loss on sale or disposal of property and equipment	17,912	4,022
Expense recorded for stock compensation	324,480	315,128
Deferred income taxes	61,987	204,221
Changes in operating assets and liabilities:
Accounts receivable	756,766	239,579
Refundable income taxes	(125,447)	(264,623)
Inventories	(1,421,625)	(874,281)
Other current assets	(131,457)	(55,008)
Accounts payable	56,151	331,063
Accrued liabilities	76,776	(237,546)
Deferred income	85,270	30,188
Net cash provided by operating activities	2,188,650	2,153,553
Cash Flows From Investing Activities
Addition to notes receivable	(14,292)	(90,846)
Proceeds received on notes receivable	135,733	161,657
Purchase of intangible assets	(8,508)	(294,892)
(Cost of) proceeds from sale or distribution of assets	(9,576)	55,868
Purchases of property and equipment	(283,988)	(931,989)
Decrease in other assets	7,697	35,168
Net cash used in investing activities	(172,934)	(1,065,034)
Cash Flows From Financing Activities
Payments on long-term debt	(645,564)	(621,232)
Repurchase of common stock		(351,584)
Tax expense of stock awards		(34,128)
Dividends paid	(1,405,050)	(1,399,736)
Net cash used in financing activities	(2,050,614)	(2,406,680)
Net Decrease in Cash and Cash Equivalents	(34,898)	(1,318,161)
Cash and Cash Equivalents, Beginning of Period	5,779,195	6,194,948
Cash and Cash Equivalents, End of Period	$ 5,744,297	$ 4,876,787

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Business Description and Accounting Policies [Text Block]	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION Nature of Operations The accompanying consolidated financial statements include the accounts of Rocky Mountain Chocolate Factory, Inc ., a Delaware corporation, its wholly-owned subsidiaries, Rocky Mountain Chocolate Factory, Inc., a Colorado corporation (“RMCF”), Aspen Leaf Yogurt, LLC, a Colorado limited liability company (“ALY”), U-Swirl International, Inc. (“U-Swirl”) (a Nevada corporation), and its 39% February 29, 2016 The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, In January 2013, entered into two January 2013, 60% 39% August 31, 2017 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 U-Swirl. Under the SWRL Loan Agreement, SWRL was subject to various financial covenants. SWRL was not February 29, 2016 January 16, 2016 15% February 29, 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 August 31, 2017: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores 1 4 5 Franchise stores – Domestic stores and kiosks 9 186 195 International license stores 2 86 88 Cold Stone Creamery – co-branded 7 84 91 U-Swirl (Including all associated brands) Company-owned stores - 2 2 Company-owned stores – co-branded - 3 3 Franchise stores – Domestic stores * 119 119 Franchise stores – Domestic – co-branded * 13 13 International license stores 1 1 2 Total 20 498 518 *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 Basis of Presentation The accompanying consolidated financial statements have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ( “GAAP”) for interim financial reporting and Securities and Exchange Commission regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the six August 31, 2017 not These consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10 February 28, 2017. Subsequent Events Management evaluated all activity of the Company through the issue date of the financial statements and concluded that no Recent Accounting Pronouncements In January 2017, ’s carrying amount over its fair value. The option to perform a qualitative assessment first not 2020 2017. no In August 2016, 2016 15, 230 No. 2016 15 eight not No. 2016 15 December 15, 2017, March 1, 2018. not In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2020 the adoption of ASU 2016 13 In March 2016, No. 2016 09, — Stock Compensation, (Topic 718 No. 2016 09 December 15, 2016, March 1, 2017. may first 2018 three six August 31, 2017 $17,151 In February 2016, 2016 02, 842 840 December 15, 2018, The Company anticipates ASU 2016 02 2016 02 not 2016 02 In January 2016, 2016 01, 825 10 2016 01 first 2019, not In May 2014, No. 2014 09, 606 605, will be effective for annual reporting periods beginning after December 15, 2017, December 31, 2016. March 1, 2018. not 606 606 no

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 2 – EARNINGS PER SHARE Basic earnings per share is calculated using the weighted-average number of common shares outstanding. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through stock options and restricted stock units. For the three and six August 31, 2017 2016, no

Note 3 - Inventories

Note 3 - Inventories	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 – INVENTORIES Inventories consist of the following: August 31, 2017 February 28, 2017 Ingredients and supplies $ 3,067,031 $ 3,021,220 Finished candy 3,267,488 2,137,609 U-Swirl, Inc. food and packaging 66,672 66,001 Reserve for slow moving inventory (252,542 ) (249,051 ) Total inventories $ 6,148,649 $ 4,975,779

Note 4 - Property and Equipment

Note 4 - Property and Equipment, Net	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 – PROPERTY AND EQUIPMENT, NET Property and equipment consists of the following: August 31, 2017 February 28, 2017 Land $ 513,618 $ 513,618 Building 4,905,103 4,787,855 Machinery and equipment 10,450,540 10,598,355 Furniture and fixtures 1,062,878 1,047,319 Leasehold improvements 1,561,792 1,531,112 Transportation equipment 434,091 418,402 Asset Impairment (47,891 ) (47,891 ) 18,880,131 18,848,770 Less accumulated depreciation (12,495,194 ) (12,390,839 ) Property and equipment, net $ 6,384,937 $ 6,457,931

Note 5 - Stockholders' Equity

Note 5 - Stockholders' Equity	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5 – STOCKHOLDERS’ EQUITY Cash Dividend The Company paid a quarterly cash dividend of $0.12 per share of per common share on March 10, 2017 February 24, 2017. $0.12 May 22, 2017 June 16, 2017 June 6, 2017. $0.12 August 17, 2017 September 15, 2017 September 5, 2017. Future declaration of dividends will depend on, among other things, the Company's results of operations, capital requirements, financial condition and on such other factors as the Company's Board of Directors may Company’s stockholders. Stock Repurchases On July 15, 2014, $3.0 On January 13, 2015, $2,058,000 May 21, 2015, $2,090,000 not three six August 31, 2017. August 31, 2017, $638,000 Stock-Based Compensation At August 31, 2017, The Company recognized $ 190,065 $324,480 three six August 31, 2017, $147,354 $315,128 three six August 31, 2016, As of August 31, 2017, not The following table summarizes stock option activity during the six August 31, 2017 2016: Six Months Ended August 31, 2017 2016 Outstanding stock options as of February 28 or 29: - 12,936 Granted - - Exercised - - Cancelled/forfeited - (12,936 ) Outstanding stock options as of August 31: - - Weighted average exercise price n/a n/a Weighted average remaining contractual term (in years) n/a n/a The following table summarizes restricted stock unit activity during the six August 31, 2017 2016: Six Months Ended August 31, 2017 2016 Outstanding non-vested restricted stock units as of February 28 or 29: 123,658 181,742 Granted - - Vested (44,064 ) (48,084 ) Cancelled/forfeited (1,360 ) - Outstanding non-vested restricted stock units as of August 31: 78,234 133,658 Weighted average grant date fair value $ 12.17 $ 12.20 Weighted average remaining vesting period (in years) 1.76 2.73 The Company did not six August 31, 2017 2,000 six August 31, 2016. $0 $20,420 six August 31, 2017 2016, During the three August 31, 2017, 5,000 common stock under the Company’s equity incentive plan to an independent contractor providing information technology consulting services to the Company. These shares were issued as a part of the compensation for services rendered to the Company by the contractor. Associated with this unrestricted stock award, the Company recognized $59,100 three August 31, 2017. During the three - and six August 31, 2017, $130,965 $265,380, 17% 20% five six six August 31, 2017 2016, 44,064 48,084 August 31, 2017 $896,432, 2.0

Note 6 - Supplemental Cash Flow

Note 6 - Supplemental Cash Flow Information	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 6 – SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended August 31, Cash paid for: 2017 2016 Interest , net $ 53,345 $ 68,699 Income taxes 1,062,750 1,096,123 Non-Cash Operating Activities Accrued Inventory 325,922 139,305 Non-Cash Financing Activities Dividend Payable 708,412 702,525 Sale of assets to buyers for notes receivable: Long-lived assets $ - $ 80,989

Note 7 - Operating Segments

Note 7 - Operating Segments	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 7 – OPERATING SEGMENTS The Company classifies its business interests into five operations and Other. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 1 10 February 28, 2017. Three Months Ended August 31, 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,492,673 $ 5,211,974 $ 484,963 $ 1,408,678 $ - $ 8,598,288 Intersegment revenues (1,109 ) (330,488 ) - - - (331,597 ) Revenue from external customers 1,491,564 4,881,486 484,963 1,408,678 - 8,266,691 Segment profit (loss) 667,702 1,309,468 32,498 413,642 (947,967 ) 1,475,343 Total assets 1,236,795 13,014,273 1,166,435 9,055,699 4,981,613 29,454,815 Capital expenditures 5,636 169,538 12,736 3,208 16,144 207,262 Total depreciation & amortization $ 11,554 $ 132,144 $ 3,832 $ 143,188 $ 32,154 $ 322,872 Three Months Ended August 31, 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,507,151 $ 5,233,439 $ 455,516 $ 1,666,435 $ - $ 8,862,541 Intersegment revenues (1,391 ) (259,188 ) - - - (260,579 ) Revenue from external customers 1,505,760 4,974,251 455,516 1,666,435 - 8,601,962 Segment profit (loss) 680,811 1,229,289 77,661 482,844 (949,139 ) 1,521,466 Total assets 1,450,725 12,650,885 970,002 10,141,313 4,687,240 29,900,165 Capital expenditures - 230,042 3,299 6,132 58,090 297,563 Total depreciation & amortization $ 14,168 $ 107,883 $ 3,356 $ 160,481 $ 31,795 $ 317,683 Six Months Ended August 31, 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 3,099,159 $ 11,710,184 $ 846,990 $ 2,603,987 $ - $ 18,260,320 Intersegment revenues (2,415 ) (644,767 ) - - - (647,182 ) Revenue from external customers 3,096,744 11,065,417 846,990 2,603,987 - 17,613,138 Segment profit (loss) 1,430,391 2,696,507 (3,933 ) 653,838 (2,035,557 ) 2,741,246 Total assets 1,236,795 13,014,273 1,166,435 9,055,699 4,981,613 29,454,815 Capital expenditures 5,636 218,598 16,336 5,824 37,594 283,988 Total depreciation & amortization $ 22,946 $ 262,006 $ 7,658 $ 286,278 $ 64,533 $ 643,421 Six Months Ended August 31, 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 3,055,186 $ 11,286,182 $ 761,092 $ 3,429,270 $ - $ 18,531,730 Intersegment revenues (2,752 ) (550,817 ) - - - (553,569 ) Revenue from external customers 3,052,434 10,735,365 761,092 3,429,270 - 17,978,161 Segment profit (loss) 1,351,438 2,462,295 62,996 950,623 (2,159,298 ) 2,668,054 Total assets 1,450,725 12,650,885 970,002 10,141,313 4,687,240 29,900,165 Capital expenditures 9,126 707,163 3,321 30,476 181,903 931,989 Total depreciation & amortization $ 27,825 $ 214,160 $ 6,704 $ 326,446 $ 67,772 $ 642,907 Revenue from one ’s M anufacturing segment represented approximately $2.2 12.3 six August 31, 2017, $1.5 8.6 six August 31, 2016.

Note 8 - Goodwill and Intangibl

Note 8 - Goodwill and Intangible Assets	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 8 – GOODWILL AND INTANGIBLE ASSETS Intangible assets consist of the following: August 31, 2017 February 28, 2017 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 211,903 $ 220,778 $ 211,152 Packaging licenses 3 - 5 120,830 120,830 120,830 120,830 Packaging design 10 430,973 430,973 430,973 430,973 Trademark /Non-competition agreements 5 - 20 715,340 114,301 715,339 92,758 Franchise rights 20 5,979,637 1,343,812 5,971,129 1,144,957 Total 7,467,558 2,221,819 7,459,049 2,000,670 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 20,000 - 20,000 - Total goodwill 1,709,328 662,384 1,709,328 662,384 Total Intangible Assets $ 9,176,886 $ 2,884,203 $ 9,168,377 $ 2,663,054 Effective March 1, 2002, 350, no not March 1, 2002. Amortization expense related to intangible assets totaled $221,381 $211,125 six August 31, 2017 2016, At August 31, 2017, 2018 224,435 2019 452,069 2020 438,912 202 1 427,203 2022 404,022 Thereafter 3,299,098 Total $ 5,245,739

Note 9 - Restructuring and Acqu

Note 9 - Restructuring and Acquisition Related Charges	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 9 The Company did no three six August 31, 2017. Restructuring and acquisition charges incurred were comprised of lease settlement costs of $60,000 six August 31, 2016,

Note 10 - Sale or Distribution

Note 10 - Sale or Distribution of Assets	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Sale or Distribution of Assets [Text Block]	NOTE 10 During the three August 31, 201 7, two one three August 31, 2016, two six August 31, 2017 2016: 2017 2016 Notes receivable $ 62,609 $ 145,585

Note 11 - Note Payable

Note 11 - Note Payable	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 11 The Company ’s long-term debt is comprised of a promissory note, the proceeds of which were loaned to SWRL and used to finance SWRL’s business acquisitions. As of August 31, 2017 February 28, 2017, August 31, 2017 February 28, 2017 Promissory note $ 3,186,177 $ 3,831,741 Less: current maturities (1,327,251 ) (1,302,501 ) Long-term obligations $ 1,858,926 $ 2,529,240 The following table summarizes annual maturities of our notes payable as of August 31, 2017: Amount 2018 $ 656,891 2019 1,352,894 2020 1,176,392 Total minimum payments $ 3,186,177 Less: current maturities (1,327,251 ) Long-term obligations $ 1,858,926

Note 12 - Contingencies

Note 12 - Contingencies	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	NOTE 12 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 ’s financial position, results of operations or cash flows. In January 2014, (collectively, the “CherryBerry Entities”), and their respective owners (collectively, the “CherryBerry Selling Parties”), pursuant to which SWRL acquired the franchise rights of frozen yogurt stores branded as “CherryBerry” (the “CherryBerry Acquisition”). As a part of the consideration for the CherryBerry Acquisition, SWRL agreed to issue an aggregate of 4,000,000 one February 2015. first $0.50 $0.50 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 not On January 13, 2016, third in the Colorado District Court, and thereafter on January 13, 2016, January 13, 2016, not not April 2016, April 2016, April 8, 2016, May 9, 2016, June 6, 2016. On July 11, 2017, September 26, 2017, not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared by the Company, without audit, and reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ( “GAAP”) for interim financial reporting and Securities and Exchange Commission regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the six August 31, 2017 not These consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10 February 28, 2017.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events Management evaluated all activity of the Company through the issue date of the financial statements and concluded that no
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 not 2020 2017. no In August 2016, 2016 15, 230 No. 2016 15 eight not No. 2016 15 December 15, 2017, March 1, 2018. not In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2020 the adoption of ASU 2016 13 In March 2016, No. 2016 09, — Stock Compensation, (Topic 718 No. 2016 09 December 15, 2016, March 1, 2017. may first 2018 three six August 31, 2017 $17,151 In February 2016, 2016 02, 842 840 December 15, 2018, The Company anticipates ASU 2016 02 2016 02 not 2016 02 In January 2016, 2016 01, 825 10 2016 01 first 2019, not In May 2014, No. 2014 09, 606 605, will be effective for annual reporting periods beginning after December 15, 2017, December 31, 2016. March 1, 2018. not 606 606 no

Note 1 - Nature of Operations20

Note 1 - Nature of Operations and Basis of Presentation (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Number of Stores [Table Text Block]	Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores 1 4 5 Franchise stores – Domestic stores and kiosks 9 186 195 International license stores 2 86 88 Cold Stone Creamery – co-branded 7 84 91 U-Swirl (Including all associated brands) Company-owned stores - 2 2 Company-owned stores – co-branded - 3 3 Franchise stores – Domestic stores * 119 119 Franchise stores – Domestic – co-branded * 13 13 International license stores 1 1 2 Total 20 498 518

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	August 31, 2017 February 28, 2017 Ingredients and supplies $ 3,067,031 $ 3,021,220 Finished candy 3,267,488 2,137,609 U-Swirl, Inc. food and packaging 66,672 66,001 Reserve for slow moving inventory (252,542 ) (249,051 ) Total inventories $ 6,148,649 $ 4,975,779

Note 4 - Property and Equipme22

Note 4 - Property and Equipment, Net (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Property, Plant and Equipment [Table Text Block]	August 31, 2017 February 28, 2017 Land $ 513,618 $ 513,618 Building 4,905,103 4,787,855 Machinery and equipment 10,450,540 10,598,355 Furniture and fixtures 1,062,878 1,047,319 Leasehold improvements 1,561,792 1,531,112 Transportation equipment 434,091 418,402 Asset Impairment (47,891 ) (47,891 ) 18,880,131 18,848,770 Less accumulated depreciation (12,495,194 ) (12,390,839 ) Property and equipment, net $ 6,384,937 $ 6,457,931

Note 5 - Stockholders' Equity (

Note 5 - Stockholders' Equity (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Six Months Ended August 31, 2017 2016 Outstanding stock options as of February 28 or 29: - 12,936 Granted - - Exercised - - Cancelled/forfeited - (12,936 ) Outstanding stock options as of August 31: - - Weighted average exercise price n/a n/a Weighted average remaining contractual term (in years) n/a n/a
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Six Months Ended August 31, 2017 2016 Outstanding non-vested restricted stock units as of February 28 or 29: 123,658 181,742 Granted - - Vested (44,064 ) (48,084 ) Cancelled/forfeited (1,360 ) - Outstanding non-vested restricted stock units as of August 31: 78,234 133,658 Weighted average grant date fair value $ 12.17 $ 12.20 Weighted average remaining vesting period (in years) 1.76 2.73

Note 6 - Supplemental Cash Fl24

Note 6 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended August 31, Cash paid for: 2017 2016 Interest , net $ 53,345 $ 68,699 Income taxes 1,062,750 1,096,123 Non-Cash Operating Activities Accrued Inventory 325,922 139,305 Non-Cash Financing Activities Dividend Payable 708,412 702,525 Sale of assets to buyers for notes receivable: Long-lived assets $ - $ 80,989

Note 7 - Operating Segments (Ta

Note 7 - Operating Segments (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended August 31, 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,492,673 $ 5,211,974 $ 484,963 $ 1,408,678 $ - $ 8,598,288 Intersegment revenues (1,109 ) (330,488 ) - - - (331,597 ) Revenue from external customers 1,491,564 4,881,486 484,963 1,408,678 - 8,266,691 Segment profit (loss) 667,702 1,309,468 32,498 413,642 (947,967 ) 1,475,343 Total assets 1,236,795 13,014,273 1,166,435 9,055,699 4,981,613 29,454,815 Capital expenditures 5,636 169,538 12,736 3,208 16,144 207,262 Total depreciation & amortization $ 11,554 $ 132,144 $ 3,832 $ 143,188 $ 32,154 $ 322,872 Three Months Ended August 31, 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,507,151 $ 5,233,439 $ 455,516 $ 1,666,435 $ - $ 8,862,541 Intersegment revenues (1,391 ) (259,188 ) - - - (260,579 ) Revenue from external customers 1,505,760 4,974,251 455,516 1,666,435 - 8,601,962 Segment profit (loss) 680,811 1,229,289 77,661 482,844 (949,139 ) 1,521,466 Total assets 1,450,725 12,650,885 970,002 10,141,313 4,687,240 29,900,165 Capital expenditures - 230,042 3,299 6,132 58,090 297,563 Total depreciation & amortization $ 14,168 $ 107,883 $ 3,356 $ 160,481 $ 31,795 $ 317,683 Six Months Ended August 31, 2017 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 3,099,159 $ 11,710,184 $ 846,990 $ 2,603,987 $ - $ 18,260,320 Intersegment revenues (2,415 ) (644,767 ) - - - (647,182 ) Revenue from external customers 3,096,744 11,065,417 846,990 2,603,987 - 17,613,138 Segment profit (loss) 1,430,391 2,696,507 (3,933 ) 653,838 (2,035,557 ) 2,741,246 Total assets 1,236,795 13,014,273 1,166,435 9,055,699 4,981,613 29,454,815 Capital expenditures 5,636 218,598 16,336 5,824 37,594 283,988 Total depreciation & amortization $ 22,946 $ 262,006 $ 7,658 $ 286,278 $ 64,533 $ 643,421 Six Months Ended August 31, 2016 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 3,055,186 $ 11,286,182 $ 761,092 $ 3,429,270 $ - $ 18,531,730 Intersegment revenues (2,752 ) (550,817 ) - - - (553,569 ) Revenue from external customers 3,052,434 10,735,365 761,092 3,429,270 - 17,978,161 Segment profit (loss) 1,351,438 2,462,295 62,996 950,623 (2,159,298 ) 2,668,054 Total assets 1,450,725 12,650,885 970,002 10,141,313 4,687,240 29,900,165 Capital expenditures 9,126 707,163 3,321 30,476 181,903 931,989 Total depreciation & amortization $ 27,825 $ 214,160 $ 6,704 $ 326,446 $ 67,772 $ 642,907

Note 8 - Goodwill and Intangi26

Note 8 - Goodwill and Intangible Assets (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	August 31, 2017 February 28, 2017 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 211,903 $ 220,778 $ 211,152 Packaging licenses 3 - 5 120,830 120,830 120,830 120,830 Packaging design 10 430,973 430,973 430,973 430,973 Trademark /Non-competition agreements 5 - 20 715,340 114,301 715,339 92,758 Franchise rights 20 5,979,637 1,343,812 5,971,129 1,144,957 Total 7,467,558 2,221,819 7,459,049 2,000,670 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 20,000 - 20,000 - Total goodwill 1,709,328 662,384 1,709,328 662,384 Total Intangible Assets $ 9,176,886 $ 2,884,203 $ 9,168,377 $ 2,663,054
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2018 224,435 2019 452,069 2020 438,912 202 1 427,203 2022 404,022 Thereafter 3,299,098 Total $ 5,245,739

Note 10 - Sale or Distributio27

Note 10 - Sale or Distribution of Assets (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Sale or Distribution of Assets [Table Text Block]	2017 2016 Notes receivable $ 62,609 $ 145,585

Note 11 - Note Payable (Tables)

Note 11 - Note Payable (Tables)	6 Months Ended
	Aug. 31, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	August 31, 2017 February 28, 2017 Promissory note $ 3,186,177 $ 3,831,741 Less: current maturities (1,327,251 ) (1,302,501 ) Long-term obligations $ 1,858,926 $ 2,529,240
Schedule of Maturities of Long-term Debt [Table Text Block]	Amount 2018 $ 656,891 2019 1,352,894 2020 1,176,392 Total minimum payments $ 3,186,177 Less: current maturities (1,327,251 ) Long-term obligations $ 1,858,926

Note 1 - Nature of Operations29

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2014	Jan. 31, 2013
Income Tax Expense (Benefit)	$ 547,059	$ 546,653	$ 999,290	$ 961,407
Assets	29,454,815	$ 29,900,165	29,454,815	$ 29,900,165	$ 29,418,356
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ 17,151		$ 17,151
U-Swirl Loan Agreement [Member] | USwirl Inc [Member]
Loan Agreement, Default Rate							15.00%
USwirl Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	39.00%		39.00%
Equity Method Investment, Ownership Percentage								60.00%
USwirl Inc [Member] | Operating Assets [Member]
Assets						$ 0

Note 1 - Nature of Operations30

Note 1 - Nature of Operations and Basis of Presentation - Number of Stores (Details)	Aug. 31, 2017
Number of stores	518
Sold Not Yet Open [Member]
Number of stores	20
Open [Member]
Number of stores	498
Company Owned Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	5
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	1
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	9
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	186
International License Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	88
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	2
International License Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	1
International License Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	86
International License Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	1
Cold Stone Creamery - Co-Branded [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	91
Cold Stone Creamery - Co-Branded [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	7
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	84
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	119
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	119
Franchise Stores - North American - Co-branded [Member] | USwirl Inc [Member]
Number of stores	13
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	13
[1]	U-Swirl cafes 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 cafes within the development areas have been established, but there is no assurance that any individual development area will result in a determinable number of cafe openings.

Note 2 - Earnings Per Share (De

Note 2 - Earnings Per Share (Details Textual) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Note 3 - Inventories - Inventor

Note 3 - Inventories - Inventories (Details) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Ingredients and supplies	$ 3,067,031	$ 3,021,220
Finished candy	3,267,488	2,137,609
U-Swirl, Inc. food and packaging	66,672	66,001
Reserve for slow moving inventory	(252,542)	(249,051)
Total inventories	$ 6,148,649	$ 4,975,779

Note 4 - Property and Equipme33

Note 4 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Aug. 31, 2017	Feb. 28, 2017
Asset Impairment	$ (47,891)	$ (47,891)
Property, plant and equipment, gross	18,880,131	18,848,770
Less accumulated depreciation	(12,495,194)	(12,390,839)
Property and equipment, net	6,384,937	6,457,931
Land [Member]
Property, plant and equipment, gross	513,618	513,618
Building [Member]
Property, plant and equipment, gross	4,905,103	4,787,855
Machinery and Equipment [Member]
Property, plant and equipment, gross	10,450,540	10,598,355
Furniture and Fixtures [Member]
Property, plant and equipment, gross	1,062,878	1,047,319
Leasehold Improvements [Member]
Property, plant and equipment, gross	1,561,792	1,531,112
Transportation Equipment [Member]
Property, plant and equipment, gross	$ 434,091	$ 418,402

Note 5 - Stockholders' Equity34

Note 5 - Stockholders' Equity (Details Textual) - USD ($)	Aug. 17, 2017	May 22, 2017	Mar. 10, 2017	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016	Feb. 28, 2017	Feb. 29, 2016	May 21, 2015	Jan. 13, 2015	Jul. 15, 2014
Common Stock, Dividends, Per Share, Cash Paid	$ 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		0
Stock Repurchase Program, Remaining Authorized Repurchase Amount				$ 638,000		$ 638,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number				0		0			12,936
Allocated Share-based Compensation Expense				$ 190,065	$ 147,354	$ 324,480	$ 315,128
Independent Contractor [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross				5,000
Allocated Share-based Compensation Expense				$ 59,100
Unrestricted Shares of Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Gross						0	2,000
Allocated Share-based Compensation Expense						$ 0	$ 20,420
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				896,432		$ 896,432
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						2 years
Allocated Share-based Compensation Expense				$ 130,965		$ 265,380
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period						44,064	48,084
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage						17.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						5 years
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage						20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period						6 years

Note 5 - Stockholders' Equity -

Note 5 - Stockholders' Equity - Stock Option Transactions for Common Stock (Details) - shares	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Outstanding stock options (in shares)		12,936
Granted (in shares)
Exercised (in shares)
Cancelled/forfeited (in shares)		(12,936)
Outstanding stock options (in shares)	0

Note 5 - Stockholders' Equity36

Note 5 - Stockholders' Equity - Restricted Stock Unit Awards Outstanding Under the Plans (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Outstanding non-vested restricted stock units (in shares)	123,658	181,742
Granted (in shares)
Vested (in shares)	(44,064)	(48,084)
Cancelled/forfeited (in shares)	(1,360)
Outstanding non-vested restricted stock units (in shares)	78,234	133,658
Weighted average grant date fair value (in dollars per share)	$ 12.17	$ 12.20
Weighted average remaining vesting period (in years) (Year)	1 year 277 days	2 years 266 days

Note 6 - Supplemental Cash Fl37

Note 6 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Interest, net	$ 53,345	$ 68,699
Income taxes	1,062,750	1,096,123
Accrued Inventory	325,922	139,305
Dividend Payable	708,412	702,525
Notes receivable	62,609	145,585
Sale of Long Lived Assets [Member]
Notes receivable		$ 80,989

Note 7 - Operating Segments (De

Note 7 - Operating Segments (Details Textual)	3 Months Ended		6 Months Ended
	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)	Aug. 31, 2017USD ($)	Aug. 31, 2016USD ($)
Number of Reportable Segments			5
Revenues	$ 8,266,691	$ 8,601,962	$ 17,613,138	$ 17,978,161
Manufacturing [Member]
Revenues	$ 4,881,486	$ 4,974,251	$ 11,065,417	$ 10,735,365
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Manufacturing [Member]
Concentration Risk, Percentage			12.30%	8.60%
Number of Major Customers			1
Revenues			$ 2,200,000	$ 1,500,000

Note 7 - Operating Segments - S

Note 7 - Operating Segments - Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016	Feb. 28, 2017
Segment profit (loss)	$ 1,475,343	$ 1,521,466	$ 2,741,246	$ 2,668,054
Assets	29,454,815	29,900,165	29,454,815	29,900,165	$ 29,418,356
Capital expenditures	207,262	297,563	283,988	931,989
Total depreciation and amortization	322,872	317,683	643,421	642,907
Revenues	8,266,691	8,601,962	17,613,138	17,978,161
Franchising [Member]
Segment profit (loss)	667,702	680,811	1,430,391	1,351,438
Assets	1,236,795	1,450,725	1,236,795	1,450,725
Capital expenditures	5,636		5,636	9,126
Total depreciation and amortization	11,554	14,168	22,946	27,825
Revenues	1,491,564	1,505,760	3,096,744	3,052,434
Manufacturing [Member]
Segment profit (loss)	1,309,468	1,229,289	2,696,507	2,462,295
Assets	13,014,273	12,650,885	13,014,273	12,650,885
Capital expenditures	169,538	230,042	218,598	707,163
Total depreciation and amortization	132,144	107,883	262,006	214,160
Revenues	4,881,486	4,974,251	11,065,417	10,735,365
Retail [Member]
Segment profit (loss)	32,498	77,661	(3,933)	62,996
Assets	1,166,435	970,002	1,166,435	970,002
Capital expenditures	12,736	3,299	16,336	3,321
Total depreciation and amortization	3,832	3,356	7,658	6,704
Revenues	484,963	455,516	846,990	761,092
U-Swirl Segment [Member]
Segment profit (loss)	413,642	482,844	653,838	950,623
Assets	9,055,699	10,141,313	9,055,699	10,141,313
Capital expenditures	3,208	6,132	5,824	30,476
Total depreciation and amortization	143,188	160,481	286,278	326,446
Revenues	1,408,678	1,666,435	2,603,987	3,429,270
Other Segments [Member]
Segment profit (loss)	(947,967)	(949,139)	(2,035,557)	(2,159,298)
Assets	4,981,613	4,687,240	4,981,613	4,687,240
Capital expenditures	16,144	58,090	37,594	181,903
Total depreciation and amortization	32,154	31,795	64,533	67,772
Revenues	0	0	0	0
Operating Segments [Member]
Revenues	8,598,288	8,862,541	18,260,320	18,531,730
Operating Segments [Member] | Franchising [Member]
Revenues	1,492,673	1,507,151	3,099,159	3,055,186
Operating Segments [Member] | Manufacturing [Member]
Revenues	5,211,974	5,233,439	11,710,184	11,286,182
Operating Segments [Member] | Retail [Member]
Revenues	484,963	455,516	846,990	761,092
Operating Segments [Member] | U-Swirl Segment [Member]
Revenues	1,408,678	1,666,435	2,603,987	3,429,270
Operating Segments [Member] | Other Segments [Member]
Revenues	0	0	0	0
Intersegment Eliminations [Member]
Revenues	(331,597)	(260,579)	(647,182)	(553,569)
Intersegment Eliminations [Member] | Franchising [Member]
Revenues	(1,109)	(1,391)	(2,415)	(2,752)
Intersegment Eliminations [Member] | Manufacturing [Member]
Revenues	(330,488)	(259,188)	(644,767)	(550,817)
Intersegment Eliminations [Member] | Retail [Member]
Revenues	0	0	0	0
Intersegment Eliminations [Member] | U-Swirl Segment [Member]
Revenues	0	0	0	0
Intersegment Eliminations [Member] | Other Segments [Member]
Revenues	$ 0	$ 0	$ 0	$ 0

Note 8 - Goodwill and Intangi40

Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Amortization of Intangible Assets	$ 221,381	$ 211,125

Note 8 - Goodwill and Intangi41

Note 8 - Goodwill and Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($)	6 Months Ended
	Aug. 31, 2017	Feb. 28, 2017
Intangible assets subject to amortization, gross carrying value	$ 7,467,558	$ 7,459,049
Intangible assets subject to amortization, accumulated amortization	2,221,819	2,000,670
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
Total Intangible Assets	2,884,203	2,663,054
Total Intangible Assets	9,176,886	9,168,377
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
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
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
Trademarks [Member]
Intangible assets not subject to amortization, gross carrying value	20,000	20,000
Intangible assets not subject to amortization, accumulated goodwill impairment
Store Design [Member]
Intangible assets subject to amortization, gross carrying value	220,778	220,778
Intangible assets subject to amortization, accumulated amortization	$ 211,903	211,152
Amortization Period (Year)	10 years
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]
Intangible assets subject to amortization, gross carrying value	$ 430,973	430,973
Intangible assets subject to amortization, accumulated amortization	$ 430,973	430,973
Amortization Period (Year)	10 years
Trademarks and Non Competition Agreement [Member]
Intangible assets subject to amortization, gross carrying value	$ 715,340	715,339
Intangible assets subject to amortization, accumulated amortization	$ 114,301	92,758
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]
Intangible assets subject to amortization, gross carrying value	$ 5,979,637	5,971,129
Intangible assets subject to amortization, accumulated amortization	$ 1,343,812	$ 1,144,957
Amortization Period (Year)	20 years

Note 8 - Goodwill and Intangi42

Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)	Aug. 31, 2017USD ($)
2,018	$ 224,435
2,019	452,069
2,020	438,912
2,021	427,203
2,022	404,022
Thereafter	3,299,098
Total	$ 5,245,739

Note 9 - Restructuring and Ac43

Note 9 - Restructuring and Acquisition Related Charges (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2017	Aug. 31, 2016
Restructuring Charges	$ 0	$ 0
Lease Settlement Costs [Member]
Restructuring Charges			$ 60,000

Note 10 - Sale or Distributio44

Note 10 - Sale or Distribution of Assets (Details Textual)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Number of Restaurants Acquired	2
Number of Restaurants Sold	1	2

Note 10 - Sale or Distributio45

Note 10 - Sale or Distribution of Assets - Asset Disposal Activity (Details) - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Notes receivable	$ 62,609	$ 145,585

Note 11 - Note Payable - Long-t

Note 11 - Note Payable - Long-term Note Payable (Details) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Promissory note	$ 3,186,177	$ 3,831,741
Less: current maturities	(1,327,251)	(1,302,501)
Long-term obligations	$ 1,858,926	$ 2,529,240

Note 11 - Note Payable - Annual

Note 11 - Note Payable - Annual Maturities of Notes Payable (Details) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
2,018	$ 656,891
2,019	1,352,894
2,020	1,176,392
Total minimum payments	3,186,177
Less: current maturities	(1,327,251)	$ (1,302,501)
Long-term obligations	$ 1,858,926	$ 2,529,240

Note 12 - Contingencies (Detail

Note 12 - Contingencies (Details Textual) - CherryBerry [Member] - USwirl Inc [Member] - USD ($)	1 Months Ended	2 Months Ended
	Feb. 28, 2015	Aug. 31, 2015
Stock Issued During Period, Shares, Acquisitions	4,000,000
Lock-up Agreement	1 year
Business Combination, Contingent Consideration, Sale of Stock, Price Per Share	$ 0.50
Requested Shortfall Payment		$ 205,000