Rocky Mountain Chocolate Factory (RMCF) 10-Q 15 Jul 19 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	May 31, 2019	Jun. 25, 2019
Document Information [Line Items]
Entity Registrant Name	Rocky Mountain Chocolate Factory, Inc.
Entity Central Index Key	0001616262
Trading Symbol	rmcf
Current Fiscal Year End Date	--02-29
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		5,965,827
Document Type	10-Q
Document Period End Date	May 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Shell Company	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Revenues
Total revenues	$ 8,425,999	$ 8,366,085
Costs and Expenses
Cost of sales	4,614,744	4,665,242
Sales and marketing	556,651	588,250
General and administrative	1,144,731	914,447
Depreciation and amortization, exclusive of depreciation and amortization expense of $145,699, $136,505, respectively, included in cost of sales	231,955	301,000
Costs associated with Company-owned store closures		58,188
Total costs and expenses	7,479,996	7,582,849
Income from Operations	946,003	783,236
Other Income (Expense)
Interest Expense	(12,398)	(22,639)
Interest Income	10,179	4,577
Other income (expense), net	(2,219)	(18,062)
Income Before Income Taxes	943,784	765,174
Income Tax Provision	232,175	188,230
Consolidated Net Income	$ 711,609	$ 576,944
Basic Earnings per Common Share (in dollars per share)	$ 0.12	$ 0.10
Diluted Earnings per Common Share (in dollars per share)	$ 0.11	$ 0.10
Weighted Average Common Shares Outstanding - Basic (in shares)	5,962,278	5,905,414
Dilutive Effect of Employee Stock Awards (in shares)	272,286	77,594
Weighted Average Common Shares Outstanding - Diluted (in shares)	6,234,564	5,983,008
Product [Member]
Revenues
Total revenues	$ 6,460,611	$ 6,582,049
Franchise and Royalty Fees [Member]
Revenues
Total revenues	1,965,388	1,784,036
Franchise [Member]
Costs and Expenses
Costs	483,013	493,250
Retail [Member]
Costs and Expenses
Costs	$ 448,902	$ 562,472

Consolidated Statements of In_2

Consolidated Statements of Income (Parentheticals) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Depreciation and amortization expense, cost of sales	$ 145,699	$ 136,505

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	May 31, 2019	Feb. 28, 2019
Current Assets
Cash and cash equivalents	$ 5,895,574	$ 5,384,027
Accounts receivable, less allowance for doubtful accounts of $557,916 and $489,502, respectively	3,877,170	3,993,262
Notes receivable, current portion	140,452	110,162
Refundable income taxes	4,534	190,201
Inventories, less reserve for slow moving inventory of $171,651 and $371,147, respectively	4,016,264	4,270,357
Other	440,173	318,126
Total current assets	14,374,167	14,266,135
Property and Equipment, Net	5,855,457	5,786,139
Other Assets
Notes receivable, less current portion	357,877	281,669
Goodwill, net	1,046,944	1,046,944
Franchise rights, net	3,521,112	3,678,920
Intangible assets, net	479,601	498,337
Deferred income taxes	569,393	607,421
Lease right of use asset	3,280,508
Other	63,384	56,576
Total other assets	9,318,819	6,169,867
Total Assets	29,548,443	26,222,141
Current Liabilities
Current maturities of long term debt	829,941	1,176,488
Accounts payable	1,126,472	897,074
Accrued salaries and wages	732,313	655,853
Gift card liabilities	715,700	742,289
Other accrued expenses	271,863	293,094
Dividend payable	715,899	714,939
Contract liabilities	238,194	256,094
Lease liability	851,249
Total current liabilities	5,481,631	4,735,831
Lease Liability, Less Current Portion	2,429,259
Contract Liabilities, Less Current Portion	1,020,997	1,096,478
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $.001 par value per share; 250,000 authorized; -0- shares issued and outstanding; Series A Junior Participating Preferred Stock, 50,000 authorized; -0- shares issued and outstanding; Undesignated series, 200,000 shares authorized; -0- shares issued and outstanding
Common stock, $.001 par value, 46,000,000 shares authorized, 5,962,327 shares and 5,957,827 shares issued and outstanding, respectively	5,962	5,958
Additional paid-in capital	6,882,114	6,650,864
Retained earnings	13,728,480	13,733,010
Total stockholders' equity	20,616,556	20,389,832
Total Liabilities and Stockholders' Equity	$ 29,548,443	$ 26,222,141

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	May 31, 2019	Feb. 28, 2019
Accounts receivable, allowance for doubtful accounts	$ 557,916	$ 489,502
Inventories, reserve	$ 171,651	$ 371,147
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	250,000	250,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	46,000,000	46,000,000
Common stock, shares issued (in shares)	5,962,327	5,957,827
Common stock, shares outstanding (in shares)	5,962,327	5,957,827
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 - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Cash Flows From Operating Activities
Net Income	$ 711,609	$ 576,944
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	377,654	437,505
Provision for obsolete inventory	23,766	24,185
Provision for loss on accounts and notes receivable	81,283	23,400
Asset impairment and store closure losses		44,000
Loss on sale or disposal of property and equipment	2,867	17,056
Expense recorded for stock compensation	231,254	155,807
Deferred income taxes	38,028	(54,493)
Changes in operating assets and liabilities:
Accounts receivable	(100,089)	672,005
Refundable income taxes	185,667
Inventories	344,058	(916,261)
Contract Liabilities	(90,248)	(78,883)
Other current assets	(122,047)	(168,990)
Accounts payable	115,667	291,989
Accrued liabilities	28,640	349,987
Net cash provided by operating activities	1,828,109	1,374,251
Cash Flows from Investing Activities
Proceeds received on notes receivable	28,400	33,698
Proceeds from (cost of) sale or distribution of assets		500
Purchases of property and equipment	(283,548)	(130,572)
(Increase) decrease in other assets	312	(5,366)
Net cash used in investing activities	(254,836)	(101,740)
Cash Flows from Financing Activities
Payments on long-term debt	(346,547)	(333,955)
Dividends paid	(715,179)	(708,653)
Net cash used in financing activities	(1,061,726)	(1,042,608)
Net Increase in Cash and Cash Equivalents	511,547	229,903
Cash and Cash Equivalents, Beginning of Period	5,384,027	6,072,984
Cash and Cash Equivalents, End of Period	$ 5,895,574	$ 6,302,887

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Feb. 28, 2018		$ 5,903	$ 6,131,147	$ 13,419,553
Repurchase and retirement of common stock
Issuance of common stock
Exercise of stock options, vesting of restricted stock units and other		2
Issuance of common stock
Exercise of stock options, vesting of restricted stock units and other			155,805
Net Income	$ 576,944			576,944
Cash dividends declared				(708,653)
Balance at May. 31, 2018	20,506,630	$ 5,905	6,286,952	14,213,773
Balance (in shares) at Feb. 28, 2018		5,903,436
Repurchase and retirement of common stock (in shares)
Exercise of stock options, vesting of restricted stock units and other (in shares)		2,000
Balance (in shares) at May. 31, 2018		5,905,436
Adoption of ASC 606				925,929
Balance at Feb. 28, 2019		$ 5,958	6,650,864	13,733,010
Repurchase and retirement of common stock
Issuance of common stock
Exercise of stock options, vesting of restricted stock units and other		4
Issuance of common stock
Exercise of stock options, vesting of restricted stock units and other			231,250
Net Income	711,609			711,609
Cash dividends declared				(716,139)
Balance at May. 31, 2019	$ 20,616,556	$ 5,962	$ 6,882,114	13,728,480
Balance (in shares) at Feb. 28, 2019	5,957,827	5,957,827
Repurchase and retirement of common stock (in shares)
Exercise of stock options, vesting of restricted stock units and other (in shares)		4,500
Balance (in shares) at May. 31, 2019	5,962,327	5,962,327
Adoption of ASC 606

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	May 31, 2019
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 (“RMCF”), Aspen Leaf Yogurt, LLC, a Colorado limited liability company (“ALY”), and U-Swirl International, Inc., a Nevada corporation (“U-Swirl”), and its 46% February 29, 2016 The Company is an international franchisor, confectionery manufacturer and retail operator. Founded in 1981, In January 2013, two January 2013, 60% 46% May 31, 2019). In fiscal year (“FY”) 2014, February 29, 2016 February 29, 2016, February 29, 2016. May 31, 2019, 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 third The following table summarizes the number of stores operating under the Rocky Mountain Chocolate Factory brand and frozen yogurt cafés at May 31, 2019: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 2 2 Franchise stores - Domestic stores and kiosks 3 181 184 International license stores 1 63 64 Cold Stone Creamery - co-branded 9 93 102 U-Swirl (Including all associated brands) - Company-owned stores - 1 1 Company-owned stores - co-branded - 3 3 Franchise stores - Domestic stores - 86 86 Franchise stores - Domestic - co-branded 1 8 8 International license stores - 2 2 Total 14 439 453 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 (the “SEC”) regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the three months ended May 31, 2019 are not necessarily indicative of the results to be expected for the entire fiscal year. These consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Annual Report on Form 10 -K for the fiscal year ended February 28, 2019. Subsequent Events Management evaluated all activity of the Company through the issue date of the financial statements and concluded that no subsequent events have occurred that would require recognition or disclosure in the financial statements. Recent Accounting Pronouncements In August 2018, the SEC adopted amendments to certain disclosure requirements in Securities Act Release No. 33 - 10532, Disclosure Update and Simplification. These amendments eliminate, modify, or integrate into other SEC requirements certain disclosure rules. Among the amendments is the requirement to present an analysis of changes in stockholders’ equity in the interim financial statements included in Quarterly Reports on Form 10 -Q. The analysis, which can be presented as a footnote or separate statement, is required for the current and comparative quarter and year-to-date interim periods. The amendments are effective for all filings made on or after November 5, 2018. In light of the anticipated timing of effectiveness of the amendments and expected proximity of effectiveness to the filing date for most filers’ quarterly reports, the SEC’s Division of Corporate Finance issued a Compliance and Disclosure Interpretation related to Exchange Act Forms, (“CDI – Question 105.09” ), that provides transition guidance related to this disclosure requirement. CDI – Question 105.09 states that the SEC would not object if the filer’s first presentation of the changes in shareholders’ equity is included in its Quarterly Report on Form 10 -Q for the quarter that begins after the effective date of the amendments. As such, the Company adopted these SEC amendments on November 30, 2018 and is first presenting the analysis of changes in stockholders’ equity in its interim financial statements in this Quarterly Report on this Form 10 -Q. The adoption of these SEC amendments did not have a material effect on the Company’s financial position, results of operations, cash flows or stockholders’ equity. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016 - 13, Financial Instruments - Credit Losses (Topic 326 ): Measurement of Credit Losses on Financial Instruments. ASU 2016 - 13 significantly changes the impairment model for most financial assets and certain other instruments. ASU 2016 - 13 will require immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, which will generally result in earlier recognition of allowances for credit losses on loans and other financial instruments. ASU 2016 - 13 is effective for the Company's fiscal year beginning March 1, 2020 and subsequent interim periods. The Company is currently evaluating the impact the adoption of ASU 2016 - 13 will have on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016 - 02, Leases (Topic 842 ), which requires the recognition of lease assets and lease liabilities on the balance sheet by lessees for those leases currently classified as operating leases under ASC 840 “Leases.” These amendments also require qualitative disclosures along with specific quantitative disclosures. The Company adopted ASU 2016 - 02 as of March 1, 2019, using the modified retrospective method. This method allows the new standard to be applied retrospectively through a cumulative catch-up adjustment recognized upon adoption. As a result, comparative information in the Company’s financial statements has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company recorded a Right of Use Asset and Lease Liability on the Consolidated Balance Sheet of $3.3 million upon adoption. The impact of the new standard did not affect the Company’s cash flows or results of operations. The lease liability reflects the present value of the Company’s estimated future minimum lease payments over the lease term, which includes options that are likely to be exercised, discounted using an incremental borrowing rate or implicit rate.

Note 2 - Earnings Per Share

Note 2 - Earnings Per Share	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 2 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 FY 2019 2018, no no

Note 3 - Inventories

Note 3 - Inventories	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 The Company held the following inventory at May 31, 2019 February 28, 2019: May 31, 2019 February 28, 2019 Ingredients and supplies $ 2,380,863 $ 2,612,954 Finished candy 1,754,915 1,983,854 U-Swirl food and packaging 52,137 44,696 Reserve for slow moving inventory (171,651 ) (371,147 ) Total inventories $ 4,016,264 $ 4,270,357

Note 4 - Property and Equipment

Note 4 - Property and Equipment, Net	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 Property and equipment at May 31, 2019 February 28, 2019 May 31, 2019 February 28, 2019 Land $ 513,618 $ 513,618 Building 5,031,395 5,031,395 Machinery and equipment 10,509,121 10,263,119 Furniture and fixtures 864,944 864,944 Leasehold improvements 1,128,659 1,131,659 Transportation equipment 440,050 422,458 Asset impairment (30,000 ) (30,000 ) 18,457,787 18,197,193 Less accumulated depreciation (12,602,330 ) (12,411,054 ) Property and equipment, net $ 5,855,457 $ 5,786,139

Note 5 - Stockholders' Equity

Note 5 - Stockholders' Equity	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 5 Cash Dividend The Company paid a quarterly cash dividend of $0.12 March 16, 2018 March 6, 2018. $0.12 June 15, 2018 June 5, 2018. $0.12 September 14, 2018 September 4, 2018. $0.12 December 7, 2018 November 23, 2018. $0.12 February 14, 2019, March 15, 2019 March 5, 2019. $0.12 May 28, 2019, June 14, 2019 June 4, 2019. Future declarations 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 not three May 31, 2019 2018. May 31, 2019, $638,000 Stock-Based Compensation Under the Company’s 2007 “2007 may The Company recognized $231,254 three May 31, 2019 $155,807 three May 31, 2018. The following table summarizes non-vested restricted stock unit transactions for common stock during the three May 31, 2019 2018: Three Months Ended May 31, 2019 2018 Outstanding non-vested restricted stock units as of February 28: 25,002 77,594 Granted 270,000 - Vested - - Cancelled/forfeited - - Outstanding non-vested restricted stock units as of May 31: 295,002 77,594 Weighted average grant date fair value $ 9.62 $ 12.16 Weighted average remaining vesting period (in years) 4.94 1.02 The Company issued 4,500 three May 31, 2019 2,000 three May 31, 2018. $42,525 $24,480 three May 31, 2019 2018, During the three May 31, 2019, $188,729 17% 20% five six May 31, 2019, $2,461,553, 4.94 During the three May 31, 2019, 270,000 $2,536,100 $9.39 no three May 31, 2018. 17% 20% five six The Company has no May 31, 2019.

Note 6 - Supplemental Cash Flow

Note 6 - Supplemental Cash Flow Information	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 6 Three Months Ended May 31, 2019 2018 Cash paid for: Interest, net $ 2,851 $ 17,774 Income taxes 8,481 7,277 Non-cash Operating Activities Accrued Inventory 166,649 256,856 Non-cash Financing Activities Dividend payable $ 715,899 $ 708,652

Note 7 - Operating Segments

Note 7 - Operating Segments	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 7 The Company classifies its business interests into five 1 10 February 28, 2019. Three Months Ended May 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,429,041 $ 5,866,472 $ 232,419 $ 1,159,805 $ - $ 8,687,737 Intersegment revenues (1,286 ) (260,452 ) - - - (261,738 ) Revenue from external customers 1,427,755 5,606,020 232,419 1,159,805 - 8,425,999 Segment profit (loss) 617,910 1,168,687 (15,012 ) 279,163 (1,106,964 ) 943,784 Total assets 1,275,471 11,660,148 992,148 6,330,540 9,290,136 29,548,443 Capital expenditures 10,540 223,552 9,518 - 39,938 283,548 Total depreciation & amortization $ 10,830 $ 150,132 $ 2,611 $ 190,769 $ 23,312 $ 377,654 Three Months Ended May 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,313,206 $ 5,870,514 $ 361,435 $ 1,133,254 $ - $ 8,678,409 Intersegment revenues (1,035 ) (311,289 ) - - - (312,324 ) Revenue from external customers 1,312,171 5,559,225 361,435 1,133,254 - 8,366,085 Segment profit (loss) 489,271 1,169,335 (78,494 ) 135,155 (950,093 ) 765,174 Total assets 1,058,006 12,533,723 1,054,367 7,594,185 5,897,814 28,138,095 Capital expenditures 3,529 111,765 2,071 3,338 9,869 130,572 Total depreciation & amortization $ 11,924 $ 141,028 $ 12,675 $ 244,051 $ 27,827 $ 437,505 Revenue from one $1.4 16.3 three May 31, 2019 $1.3 15.2 three May 31, 2018.

Note 8 - Goodwill and Intangibl

Note 8 - Goodwill and Intangible Assets	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 8 Intangible assets at May 31, 2019 February 28, 2019 May 31, 2019 February 28, 2019 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 214,527 $ 220,778 $ 214,152 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 - 20 715,339 241,989 715,339 223,628 Franchise rights 20 5,979,637 2,458,525 5,979,637 2,300,717 Total 7,467,557 3,466,844 7,467,557 3,290,300 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 $ 9,176,885 $ 4,129,228 $ 9,176,885 $ 3,952,684 Effective March 1, 2002, 350, no not March 1, 2002. Amortization expense related to intangible assets totaled $176,544 $211,287 three May 31, 2019 2018, During the year ended February 28, 2019, At May 31, 2019, FYE 20 $ 529,632 FYE 21 594,229 FYE 22 490,060 FYE 23 411,607 FYE 24 345,642 Thereafter 1,629,543 Total $ 4,000,713

Note 9 - Costs Associated With

Note 9 - Costs Associated With Company-owned Store Closures	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	NOTE 9 Costs associated with Company-owned store closures were comprised of asset disposal and impairment costs of $58,188 three May 31, 2018, There were no three May 31, 2019.

Note 10 - Note Payable

Note 10 - Note Payable	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 10 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 May 31, 2019, $830,000 January 2020. Additionally, the promissory note is subject to various financial ratio and leverage covenants. As of May 31, 2019, As of May 31, 2019 February 28, 2019, May 31, 2019 February 28, 2019 Promissory note $ 829,941 $ 1,176,488 Less: current maturities (829,941 ) (1,176,488 ) Long-term obligations $ - $ -

Note 11 - Leasing Arrangements

Note 11 - Leasing Arrangements	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 11 The Company conducts its retail operations in facilities leased under non-cancelable operating leases of up to ten five ten The Company acts as primary lessee of some franchised store premises, which the Company then subleases to franchisees, but the majority of existing locations are leased by the franchisee directly. In some instances, the Company has leased space for its Company-owned locations that are now occupied by franchisees. When the Company-owned location was sold or transferred, the store was subleased to the franchisee who is responsible for the monthly rent and other obligations under the lease. The Company also leases trucking equipment and warehouse space in support of its manufacturing operations. Expense associated with trucking and warehouse leases is included in cost of sales on the consolidated statements of income. ASU 2016 02 not The Company accounts for payments related to lease liabilities on a straight-line basis over the lease term. As of May 31, 2019 2018 $238,666 $265,426, The amount of the Right of Use Asset and Lease Liability recorded upon the adoption of ASU 2016 02 $3.3 not not not not 3.4% May 31, 2019. $3.6 As of May 31, 2019, FYE 20 $ 663,738 FYE 21 819,005 FYE 22 694,755 FYE 23 437,445 FYE 24 315,962 Thereafter 717,040 Total $ 3,647,945 Less: imputed interest (367,437 ) Present value of lease liabilities: $ 3,280,508 Weighted average lease term (in years) 6.8

Note 12 - Revenue from Contract

Note 12 - Revenue from Contracts with Customers	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 12 Effective March 1, 2018, 606. 606 not not Initial Franchise Fees, License Fees, Transfer Fees and Renewal Fees The Company's policy for recognizing initial franchise and renewal fees through February 28, 2018, not March 1, 2018, 10 15 Gift Cards The Company’s franchisees sell gift cards which do not not 606 not 606 On May 31, 2019, not FYE 20 $ 186,880 FYE 21 199,216 FYE 22 186,117 FYE 23 171,982 FYE 24 133,064 Thereafter 381,932 Total $ 1,259,191

Note 13 - Disaggregation of Rev

Note 13 - Disaggregation of Revenue	3 Months Ended
	May 31, 2019
Notes to Financial Statements
Disaggregation of Revenue [Text Block]	NOTE 13 The following table presents disaggregated revenue by method of recognition and segment: Three Months Ended May 31, 2019 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 80,019 $ - $ - $ 26,261 $ 106,280 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 5,606,020 - - 5,606,020 Retail sales - - 232,419 622,172 854,591 Royalty and marketing fees 1,347,736 - - 511,372 1,859,108 Total $ 1,427,755 $ 5,606,020 $ 232,419 $ 1,159,805 $ 8,425,999 Three Months Ended May 31, 2018 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Revenues recognized over time under ASC 606: Franchise fees $ 74,516 $ - $ - $ 18,619 $ 93,135 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 5,559,225 - - 5,559,225 Retail sales - - 361,435 661,389 1,022,824 Royalty and marketing fees 1,237,655 - - 453,246 1,690,901 Total $ 1,312,171 $ 5,559,225 $ 361,435 $ 1,133,254 $ 8,366,085

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	May 31, 2019
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 (the “SEC”) regulations. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements reflect all adjustments (of a normal and recurring nature) which are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the three May 31, 2019 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, 2019.
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 August 2018, No. 33 10532, 10 November 5, 2018. 105.09” 105.09 not first 10 November 30, 2018 first 10 not In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2020 2016 13 In February 2016, 2016 02, 842 840 The Company adopted ASU 2016 02 March 1, 2019, not $3.3 not

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Number of Stores [Table Text Block]	Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 2 2 Franchise stores - Domestic stores and kiosks 3 181 184 International license stores 1 63 64 Cold Stone Creamery - co-branded 9 93 102 U-Swirl (Including all associated brands) - Company-owned stores - 1 1 Company-owned stores - co-branded - 3 3 Franchise stores - Domestic stores - 86 86 Franchise stores - Domestic - co-branded 1 8 8 International license stores - 2 2 Total 14 439 453

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Schedule of Inventory, Current [Table Text Block]	May 31, 2019 February 28, 2019 Ingredients and supplies $ 2,380,863 $ 2,612,954 Finished candy 1,754,915 1,983,854 U-Swirl food and packaging 52,137 44,696 Reserve for slow moving inventory (171,651 ) (371,147 ) Total inventories $ 4,016,264 $ 4,270,357

Note 4 - Property and Equipme_2

Note 4 - Property and Equipment, Net (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	May 31, 2019 February 28, 2019 Land $ 513,618 $ 513,618 Building 5,031,395 5,031,395 Machinery and equipment 10,509,121 10,263,119 Furniture and fixtures 864,944 864,944 Leasehold improvements 1,128,659 1,131,659 Transportation equipment 440,050 422,458 Asset impairment (30,000 ) (30,000 ) 18,457,787 18,197,193 Less accumulated depreciation (12,602,330 ) (12,411,054 ) Property and equipment, net $ 5,855,457 $ 5,786,139

Note 5 - Stockholders' Equity (

Note 5 - Stockholders' Equity (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Three Months Ended May 31, 2019 2018 Outstanding non-vested restricted stock units as of February 28: 25,002 77,594 Granted 270,000 - Vested - - Cancelled/forfeited - - Outstanding non-vested restricted stock units as of May 31: 295,002 77,594 Weighted average grant date fair value $ 9.62 $ 12.16 Weighted average remaining vesting period (in years) 4.94 1.02

Note 6 - Supplemental Cash Fl_2

Note 6 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended May 31, 2019 2018 Cash paid for: Interest, net $ 2,851 $ 17,774 Income taxes 8,481 7,277 Non-cash Operating Activities Accrued Inventory 166,649 256,856 Non-cash Financing Activities Dividend payable $ 715,899 $ 708,652

Note 7 - Operating Segments (Ta

Note 7 - Operating Segments (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended May 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,429,041 $ 5,866,472 $ 232,419 $ 1,159,805 $ - $ 8,687,737 Intersegment revenues (1,286 ) (260,452 ) - - - (261,738 ) Revenue from external customers 1,427,755 5,606,020 232,419 1,159,805 - 8,425,999 Segment profit (loss) 617,910 1,168,687 (15,012 ) 279,163 (1,106,964 ) 943,784 Total assets 1,275,471 11,660,148 992,148 6,330,540 9,290,136 29,548,443 Capital expenditures 10,540 223,552 9,518 - 39,938 283,548 Total depreciation & amortization $ 10,830 $ 150,132 $ 2,611 $ 190,769 $ 23,312 $ 377,654 Three Months Ended May 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,313,206 $ 5,870,514 $ 361,435 $ 1,133,254 $ - $ 8,678,409 Intersegment revenues (1,035 ) (311,289 ) - - - (312,324 ) Revenue from external customers 1,312,171 5,559,225 361,435 1,133,254 - 8,366,085 Segment profit (loss) 489,271 1,169,335 (78,494 ) 135,155 (950,093 ) 765,174 Total assets 1,058,006 12,533,723 1,054,367 7,594,185 5,897,814 28,138,095 Capital expenditures 3,529 111,765 2,071 3,338 9,869 130,572 Total depreciation & amortization $ 11,924 $ 141,028 $ 12,675 $ 244,051 $ 27,827 $ 437,505

Note 8 - Goodwill and Intangi_2

Note 8 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	May 31, 2019 February 28, 2019 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 214,527 $ 220,778 $ 214,152 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 - 20 715,339 241,989 715,339 223,628 Franchise rights 20 5,979,637 2,458,525 5,979,637 2,300,717 Total 7,467,557 3,466,844 7,467,557 3,290,300 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 $ 9,176,885 $ 4,129,228 $ 9,176,885 $ 3,952,684
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	FYE 20 $ 529,632 FYE 21 594,229 FYE 22 490,060 FYE 23 411,607 FYE 24 345,642 Thereafter 1,629,543 Total $ 4,000,713

Note 10 - Note Payable (Tables)

Note 10 - Note Payable (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	May 31, 2019 February 28, 2019 Promissory note $ 829,941 $ 1,176,488 Less: current maturities (829,941 ) (1,176,488 ) Long-term obligations $ - $ -

Note 11 - Leasing Arrangements

Note 11 - Leasing Arrangements (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	FYE 20 $ 663,738 FYE 21 819,005 FYE 22 694,755 FYE 23 437,445 FYE 24 315,962 Thereafter 717,040 Total $ 3,647,945 Less: imputed interest (367,437 ) Present value of lease liabilities: $ 3,280,508 Weighted average lease term (in years) 6.8

Note 12 - Revenue from Contra_2

Note 12 - Revenue from Contracts with Customers (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	FYE 20 $ 186,880 FYE 21 199,216 FYE 22 186,117 FYE 23 171,982 FYE 24 133,064 Thereafter 381,932 Total $ 1,259,191

Note 13 - Disaggregation of R_2

Note 13 - Disaggregation of Revenue (Tables)	3 Months Ended
	May 31, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended May 31, 2019 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 80,019 $ - $ - $ 26,261 $ 106,280 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 5,606,020 - - 5,606,020 Retail sales - - 232,419 622,172 854,591 Royalty and marketing fees 1,347,736 - - 511,372 1,859,108 Total $ 1,427,755 $ 5,606,020 $ 232,419 $ 1,159,805 $ 8,425,999 Three Months Ended May 31, 2018 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Revenues recognized over time under ASC 606: Franchise fees $ 74,516 $ - $ - $ 18,619 $ 93,135 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 5,559,225 - - 5,559,225 Retail sales - - 361,435 661,389 1,022,824 Royalty and marketing fees 1,237,655 - - 453,246 1,690,901 Total $ 1,312,171 $ 5,559,225 $ 361,435 $ 1,133,254 $ 8,366,085

Note 1 - Nature of Operations_3

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($)	May 31, 2019	Mar. 01, 2019	Feb. 28, 2019	May 31, 2018	Jan. 31, 2013
Assets, Total	$ 29,548,443		$ 26,222,141	$ 28,138,095
Operating Lease, Right-of-Use Asset	3,280,508
Operating Lease, Liability, Total	3,280,508
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 3,300,000
Operating Lease, Liability, Total		$ 3,300,000
USwirl Inc [Member]
Assets, Total	$ 0
USwirl Inc [Member]
Equity Method Investment, Ownership Percentage	46.00%				60.00%
USwirl Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	46.00%

Note 1 - Nature of Operations_4

Note 1 - Nature of Operations and Basis of Presentation - Number of Stores (Details)	May 31, 2019
Number of stores	453
Sold Not Yet Open [Member]
Number of stores	14
Open [Member]
Number of stores	439
Company Owned Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	2
Company Owned Stores [Member] | USwirl Inc [Member]
Number of stores	1
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	0
Company Owned Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	2
Company Owned Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	1
Franchise Stores - Domestic Stores and Kiosks [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	184
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	3
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	181
International License Stores [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	64
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	1
International License Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	0
International License Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	63
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	102
Cold Stone Creamery - Co-Branded [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	9
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	93
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	0
Company Owned Stores Co-branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	3
Franchise Stores - Domestic Stores [Member] | USwirl Inc [Member]
Number of stores	86
Franchise Stores - Domestic Stores [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores
Franchise Stores - Domestic Stores [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	86
Franchise Stores - Domestic Stores - Co-Branded [Member] | USwirl Inc [Member]
Number of stores	8
Franchise Stores - Domestic Stores - Co-Branded [Member] | Sold Not Yet Open [Member] | USwirl Inc [Member]
Number of stores	1
Franchise Stores - Domestic Stores - Co-Branded [Member] | Open [Member] | USwirl Inc [Member]
Number of stores	8

Note 2 - Earnings Per Share (De

Note 2 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	May 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	0	0	0
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0

Note 3 - Inventories - Inventor

Note 3 - Inventories - Inventories (Details) - USD ($)	May 31, 2019	Feb. 28, 2019
Ingredients and supplies	$ 2,380,863	$ 2,612,954
Finished candy	1,754,915	1,983,854
U-Swirl food and packaging	52,137	44,696
Reserve for slow moving inventory	(171,651)	(371,147)
Total inventories	$ 4,016,264	$ 4,270,357

Note 4 - Property and Equipme_3

Note 4 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	3 Months Ended	12 Months Ended
	May 31, 2019	Feb. 28, 2019
Property, plant and equipment, gross	$ 18,457,787	$ 18,197,193
Asset impairment	(30,000)	(30,000)
Less accumulated depreciation	(12,602,330)	(12,411,054)
Property and equipment, net	5,855,457	5,786,139
Land [Member]
Property, plant and equipment, gross	513,618	513,618
Building [Member]
Property, plant and equipment, gross	5,031,395	5,031,395
Machinery and Equipment [Member]
Property, plant and equipment, gross	10,509,121	10,263,119
Furniture and Fixtures [Member]
Property, plant and equipment, gross	864,944	864,944
Leasehold Improvements [Member]
Property, plant and equipment, gross	1,128,659	1,131,659
Transportation Equipment [Member]
Property, plant and equipment, gross	$ 440,050	$ 422,458

Note 5 - Stockholders' Equity_2

Note 5 - Stockholders' Equity (Details Textual) - USD ($)	Jun. 14, 2019	May 28, 2019	Mar. 15, 2019	Feb. 14, 2019	Dec. 07, 2018	Sep. 14, 2018	Jun. 15, 2018	Mar. 16, 2018	May 31, 2019	May 31, 2018	Feb. 28, 2019	Feb. 28, 2018	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	0
Stock Repurchase Program, Remaining Authorized Repurchase Amount									$ 638,000
Share-based Payment Arrangement, Expense									$ 231,254	$ 155,807
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance									0		0	0
Common Stock, Dividends, Per Share, Declared		$ 0.12		$ 0.12
Unrestricted Shares of Stock [Member]
Share-based Payment Arrangement, Expense									$ 42,525	$ 24,480
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture									4,500	2,000
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expense									$ 188,729
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total									$ 2,461,553
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition									4 years 343 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									270,000	0
Share Based Compensation Arrangement By Share Based Payment Award, Equity Instruments Other Than Options, GrantsInPeriod, Grant Date Fair Value									$ 2,536,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value									$ 9.39	$ 12.16
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
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 Period									6 years
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche One [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									17.00%
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche One [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									20.00%
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.12

Note 5 - Stockholders' Equity -

Note 5 - Stockholders' Equity - Restricted Stock Unit Awards Outstanding Under the Plans (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended
	May 31, 2019	May 31, 2018
Outstanding non-vested restricted stock units as of February 28: (in shares)	25,002	77,594
Granted (in shares)	270,000	0
Vested (in shares)
Cancelled/forfeited (in shares)
Outstanding non-vested restricted stock units as of May 31: (in shares)	295,002	77,594
Weighted average grant date fair value (in dollars per share)	$ 9.39	$ 12.16
Weighted average remaining vesting period (Year)	4 years 343 days	1 year 7 days

Note 6 - Supplemental Cash Fl_3

Note 6 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Interest, net	$ 2,851	$ 17,774
Income taxes	8,481	7,277
Accrued Inventory	166,649	256,856
Dividend payable	$ 715,899	$ 708,652

Note 7 - Operating Segments (De

Note 7 - Operating Segments (Details Textual) $ in Millions	3 Months Ended
	May 31, 2019USD ($)	May 31, 2018USD ($)
Number of Reportable Segments	5
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Manufacturing [Member]
Number of Major Customers	1	1
Revenues, Total	$ 1.4	$ 1.3
Concentration Risk, Percentage	16.30%	15.20%

Note 7 - Operating Segments - S

Note 7 - Operating Segments - Segment Information (Details) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018	Feb. 28, 2019
Revenues	$ 8,425,999	$ 8,366,085
Segment profit (loss)	943,784	765,174
Assets, Total	29,548,443	28,138,095	$ 26,222,141
Capital expenditures	283,548	130,572
Total depreciation and amortization	377,654	437,505
Franchising [Member]
Revenues	1,427,755	1,312,171
Segment profit (loss)	617,910	489,271
Assets, Total	1,275,471	1,058,006
Capital expenditures	10,540	3,529
Total depreciation and amortization	10,830	11,924
Manufacturing [Member]
Revenues	5,606,020	5,559,225
Segment profit (loss)	1,168,687	1,169,335
Assets, Total	11,660,148	12,533,723
Capital expenditures	223,552	111,765
Total depreciation and amortization	150,132	141,028
Retail Segment [Member]
Revenues	232,419	361,435
Segment profit (loss)	(15,012)	(78,494)
Assets, Total	992,148	1,054,367
Capital expenditures	9,518	2,071
Total depreciation and amortization	2,611	12,675
U-Swirl Segment [Member]
Revenues	1,159,805	1,133,254
Segment profit (loss)	279,163	135,155
Assets, Total	6,330,540	7,594,185
Capital expenditures		3,338
Total depreciation and amortization	190,769	244,051
Other Segments [Member]
Revenues		0
Segment profit (loss)	(1,106,964)	(950,093)
Assets, Total	9,290,136	5,897,814
Capital expenditures	39,938	9,869
Total depreciation and amortization	23,312	27,827
Operating Segments [Member]
Revenues	8,687,737	8,678,409
Operating Segments [Member] | Franchising [Member]
Revenues	1,429,041	1,313,206
Operating Segments [Member] | Manufacturing [Member]
Revenues	5,866,472	5,870,514
Operating Segments [Member] | Retail Segment [Member]
Revenues	232,419	361,435
Operating Segments [Member] | U-Swirl Segment [Member]
Revenues	1,159,805	1,133,254
Operating Segments [Member] | Other Segments [Member]
Revenues		0
Intersegment Eliminations [Member]
Revenues	(261,738)	(312,324)
Intersegment Eliminations [Member] | Franchising [Member]
Revenues	(1,286)	(1,035)
Intersegment Eliminations [Member] | Manufacturing [Member]
Revenues	(260,452)	(311,289)
Intersegment Eliminations [Member] | Retail Segment [Member]
Revenues	0	0
Intersegment Eliminations [Member] | U-Swirl Segment [Member]
Revenues	0	0
Intersegment Eliminations [Member] | Other Segments [Member]
Revenues	$ 0	$ 0

Note 8 - Goodwill and Intangi_3

Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Amortization of Intangible Assets, Total	$ 176,544	$ 211,287

Note 8 - Goodwill and Intangi_4

Note 8 - Goodwill and Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($)	3 Months Ended
	May 31, 2019	Feb. 28, 2019
Intangible assets subject to amortization, gross carrying value	$ 7,467,557	$ 7,467,557
Intangible assets subject to amortization, accumulated amortization	3,466,844	3,290,300
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	9,176,885	9,176,885
Intangible assets not subject to amortization, accumulated goodwill impairment	4,129,228	3,952,684
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]
Amortization Period (Year)	10 years
Intangible assets subject to amortization, gross carrying value	$ 220,778	220,778
Intangible assets subject to amortization, accumulated amortization	214,527	214,152
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	715,339
Intangible assets subject to amortization, accumulated amortization	$ 241,989	223,628
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	$ 5,979,637	5,979,637
Intangible assets subject to amortization, accumulated amortization	$ 2,458,525	$ 2,300,717

Note 8 - Goodwill and Intangi_5

Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)	May 31, 2019USD ($)
FYE 20	$ 529,632
FYE 21	594,229
FYE 22	490,060
FYE 23	411,607
FYE 24	345,642
Thereafter	1,629,543
Total	$ 4,000,713

Note 9 - Costs Associated Wit_2

Note 9 - Costs Associated With Company-owned Store Closures (Details Textual) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Restructuring Costs and Asset Impairment Charges, Total	$ 0	$ 58,188

Note 10 - Note Payable (Details

Note 10 - Note Payable (Details Textual) - USD ($)	May 31, 2019	Feb. 28, 2019
Notes Payable, Total	$ 829,941	$ 1,176,488

Note 10 - Note Payable - Long-t

Note 10 - Note Payable - Long-term Note Payable (Details) - USD ($)	May 31, 2019	Feb. 28, 2019
Promissory note	$ 829,941	$ 1,176,488
Less: current maturities	(829,941)	(1,176,488)
Long-term obligations

Note 11 - Leasing Arrangement_2

Note 11 - Leasing Arrangements (Details Textual) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018	Mar. 01, 2019	Feb. 28, 2019
Operating Lease, Expense	$ 238,666	$ 265,426
Operating Lease, Liability, Total	$ 3,280,508
Operating Lease, Weighted Average Discount Rate, Percent	3.40%
Lessee, Operating Lease, Liability, Payments, Due, Total	$ 3,647,945
Operating Lease, Right-of-Use Asset	$ 3,280,508
Accounting Standards Update 2016-02 [Member]
Operating Lease, Liability, Total			$ 3,300,000
Operating Lease, Right-of-Use Asset			$ 3,300,000
Maximum [Member]
Lessee, Operating Lease, Term of Contract	10 years
Lessee, Operating Lease, Renewal Term	10 years
Minimum [Member]
Lessee, Operating Lease, Renewal Term	5 years

Note 11 - Leasing Arrangement_3

Note 11 - Leasing Arrangements - Maturities of Lease Liabilities for Operating Leases (Details)	May 31, 2019USD ($)
FYE 20	$ 663,738
FYE 21	819,005
FYE 22	694,755
FYE 23	437,445
FYE 24	315,962
Thereafter	717,040
Total	3,647,945
Less: imputed interest	(367,437)
Operating Lease, Liability, Total	$ 3,280,508
Weighted average lease term (in years) (Year)	6 years 292 days

Note 12 - Revenue from Contra_3

Note 12 - Revenue from Contracts with Customers (Details Textual)	May 31, 2019	Mar. 01, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	273 days
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Minimum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		10 years
Maximum [Member] | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-03-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		15 years

Note 12 - Revenue from Contra_4

Note 12 - Revenue from Contracts with Customers - Remaining Performance Obligation (Details)	May 31, 2019USD ($)
Revenue, remaining performance obligation, amount	$ 1,259,191

Note 12 - Revenue from Contra_5

Note 12 - Revenue from Contracts with Customers - Remaining Performance Obligation 2 (Details)	May 31, 2019USD ($)
Revenue, remaining performance obligation, amount	$ 1,259,191
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, remaining performance obligation, period (Year)	273 days
Revenue, remaining performance obligation, amount	$ 186,880
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 199,216
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 186,117
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 171,982
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 133,064
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-03-01
Revenue, remaining performance obligation, period (Year)
Revenue, remaining performance obligation, amount	$ 381,932

Note 13 - Disaggregation of R_3

Note 13 - Disaggregation of Revenue - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended
	May 31, 2019	May 31, 2018
Revenues	$ 8,425,999	$ 8,366,085
Franchising [Member]
Revenues	1,427,755	1,312,171
Manufacturing [Member]
Revenues	5,606,020	5,559,225
Retail Segment [Member]
Revenues	232,419	361,435
USwirl Inc [Member]
Revenues	1,159,805	1,133,254
Factory Sales [Member] | Transferred at Point in Time [Member]
Revenues	5,606,020	5,559,225
Factory Sales [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues
Factory Sales [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues	5,606,020	5,559,225
Factory Sales [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues
Factory Sales [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues
Retail [Member] | Transferred at Point in Time [Member]
Revenues	854,591	1,022,824
Retail [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues
Retail [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues
Retail [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues	232,419	361,435
Retail [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	622,172	661,389
Franchise Fees [Member] | Transferred over Time [Member]
Revenues	106,280	93,135
Franchise Fees [Member] | Transferred over Time [Member] | Franchising [Member]
Revenues	80,019	74,516
Franchise Fees [Member] | Transferred over Time [Member] | Manufacturing [Member]
Revenues
Franchise Fees [Member] | Transferred over Time [Member] | Retail Segment [Member]
Revenues
Franchise Fees [Member] | Transferred over Time [Member] | USwirl Inc [Member]
Revenues	26,261	18,619
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member]
Revenues	1,859,108	1,690,901
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues	1,347,736	1,237,655
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	$ 511,372	$ 453,246