Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Aug. 31, 2019 | Oct. 01, 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) | 5,994,997 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Aug. 31, 2019 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
Revenues | ||||
Total revenues | $ 7,385,270 | $ 7,800,088 | $ 15,811,269 | $ 16,166,173 |
Costs and Expenses | ||||
Cost of sales | 3,738,435 | 3,883,884 | 8,353,179 | 8,549,126 |
Sales and marketing | 434,782 | 565,212 | 991,433 | 1,153,462 |
General and administrative | 830,451 | 813,388 | 1,975,182 | 1,727,835 |
Depreciation and amortization, exclusive of depreciation and amortization expense of $147,415, $138,212, $293,114 and $274,717, respectively, included in cost of sales | 225,417 | 296,737 | 457,372 | 597,737 |
Costs associated with Company-owned store closures | 118,793 | 176,981 | ||
Total costs and expenses | 6,140,027 | 6,759,668 | 13,620,023 | 14,342,517 |
Income from Operations | 1,245,243 | 1,040,420 | 2,191,246 | 1,823,656 |
Other Income (Expense) | ||||
Interest Expense | (3,487) | (19,418) | (15,885) | (42,057) |
Interest Income | 6,007 | 4,627 | 16,186 | 9,204 |
Other income (expense), net | 2,520 | (14,791) | 301 | (32,853) |
Income Before Income Taxes | 1,247,763 | 1,025,629 | 2,191,547 | 1,790,803 |
Income Tax Provision | 329,675 | 274,814 | 561,850 | 463,044 |
Consolidated Net Income | $ 918,088 | $ 750,815 | $ 1,629,697 | $ 1,327,759 |
Basic Earnings per Common Share (in dollars per share) | $ 0.15 | $ 0.13 | $ 0.27 | $ 0.22 |
Diluted Earnings per Common Share (in dollars per share) | $ 0.15 | $ 0.13 | $ 0.26 | $ 0.22 |
Weighted Average Common Shares Outstanding - Basic (in shares) | 5,977,746 | 5,923,351 | 5,970,012 | 5,914,383 |
Dilutive Effect of Employee Stock Awards (in shares) | 279,584 | 59,479 | 275,935 | 68,536 |
Weighted Average Common Shares Outstanding - Diluted (in shares) | 6,257,330 | 5,982,830 | 6,245,947 | 5,982,919 |
Product [Member] | ||||
Revenues | ||||
Total revenues | $ 5,384,040 | $ 5,736,319 | $ 11,844,651 | $ 12,318,368 |
Franchise and Royalty Fees [Member] | ||||
Revenues | ||||
Total revenues | 2,001,230 | 2,063,769 | 3,966,618 | 3,847,805 |
Franchise [Member] | ||||
Costs and Expenses | ||||
Costs | 441,638 | 582,798 | 924,651 | 1,076,048 |
Retail [Member] | ||||
Costs and Expenses | ||||
Costs | $ 469,304 | $ 498,856 | $ 918,206 | $ 1,061,328 |
Consolidated Statements of In_2
Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
Depreciation and amortization expense, cost of sales | $ 147,415 | $ 138,212 | $ 293,114 | $ 274,717 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Aug. 31, 2019 | Feb. 28, 2019 |
Current Assets | ||
Cash and cash equivalents | $ 5,753,209 | $ 5,384,027 |
Accounts receivable, less allowance for doubtful accounts of $585,306 and $489,502, respectively | 4,017,572 | 3,993,262 |
Notes receivable, current portion | 134,926 | 110,162 |
Refundable income taxes | 44,726 | 190,201 |
Inventories, less reserve for slow moving inventory of $178,658 and $371,147, respectively | 4,195,198 | 4,270,357 |
Other | 465,876 | 318,126 |
Total current assets | 14,611,507 | 14,266,135 |
Property and Equipment, Net | 5,857,664 | 5,786,139 |
Other Assets | ||
Notes receivable, less current portion | 317,507 | 281,669 |
Goodwill, net | 1,046,944 | 1,046,944 |
Franchise rights, net | 3,363,304 | 3,678,920 |
Intangible assets, net | 460,865 | 498,337 |
Deferred income taxes | 505,462 | 607,421 |
Lease right of use asset | 3,066,826 | |
Other | 56,264 | 56,576 |
Total other assets | 8,817,172 | 6,169,867 |
Total Assets | 29,286,343 | 26,222,141 |
Current Liabilities | ||
Current maturities of long term debt | 480,445 | 1,176,488 |
Accounts payable | 1,295,732 | 897,074 |
Accrued salaries and wages | 597,856 | 655,853 |
Gift card liabilities | 648,142 | 742,289 |
Other accrued expenses | 291,353 | 293,094 |
Dividend payable | 719,359 | 714,939 |
Contract liabilities | 239,278 | 256,094 |
Lease liability | 808,989 | |
Total current liabilities | 5,081,154 | 4,735,831 |
Lease Liability, Less Current Portion | 2,257,837 | |
Contract Liabilities, Less Current Portion | 976,651 | 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, 5,991,162 shares and 5,957,827 shares issued and outstanding, respectively | 5,991 | 5,958 |
Additional paid-in capital | 7,037,501 | 6,650,864 |
Retained earnings | 13,927,209 | 13,733,010 |
Total stockholders' equity | 20,970,701 | 20,389,832 |
Total Liabilities and Stockholders' Equity | $ 29,286,343 | $ 26,222,141 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Aug. 31, 2019 | Feb. 28, 2019 |
Accounts receivable, allowance for doubtful accounts | $ 585,306 | $ 489,502 |
Inventories, reserve | $ 178,658 | $ 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) | 5,991,162 | 5,957,827 |
Common stock, shares outstanding (in shares) | 5,991,162 | 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 (Unaudited) - USD ($) | 6 Months Ended | |
Aug. 31, 2019 | Aug. 31, 2018 | |
Cash Flows From Operating Activities | ||
Net Income | $ 1,629,697 | $ 1,327,759 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 750,486 | 872,454 |
Provision for obsolete inventory | 47,945 | 57,614 |
Provision for loss on accounts and notes receivable | 108,283 | 40,800 |
Asset impairment and store closure losses | 67,822 | |
Loss on sale or disposal of property and equipment | 5,796 | 26,020 |
Expense recorded for stock compensation | 386,670 | 280,728 |
Deferred income taxes | 101,959 | 38,814 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (267,491) | 421,162 |
Refundable income taxes | 145,475 | 257,685 |
Inventories | 212,138 | (1,579,686) |
Other current assets | (147,750) | (154,537) |
Accounts payable | 213,734 | 58,005 |
Accrued liabilities | (153,885) | (254,540) |
Contract liabilities | (130,378) | (71,671) |
Net cash provided by operating activities | 2,902,679 | 1,388,429 |
Cash Flows from Investing Activities | ||
Proceeds received on notes receivable | 74,296 | 55,612 |
Purchases of property and equipment | (480,984) | (242,432) |
(Increase) decrease in other assets | 312 | (13,717) |
Net cash used in investing activities | (406,376) | (200,537) |
Cash Flows from Financing Activities | ||
Payments on long-term debt | (696,043) | (670,336) |
Dividends paid | (1,431,078) | (1,417,305) |
Net cash used in financing activities | (2,127,121) | (2,087,641) |
Net Increase (Decrease) in Cash and Cash Equivalents | 369,182 | (899,749) |
Cash and Cash Equivalents, Beginning of Period | 5,384,027 | 6,072,984 |
Cash and Cash Equivalents, End of Period | $ 5,753,209 | $ 5,173,235 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Feb. 28, 2018 | 5,903,436 | |||
Balance at Feb. 28, 2018 | $ 5,903 | $ 6,131,147 | $ 13,419,553 | $ 19,556,603 |
Net Income | 1,327,759 | 1,327,759 | ||
Issuance of common stock, vesting of restricted stock units and other (in shares) | 45,224 | |||
Issuance of common stock, vesting of restricted stock units and other | $ 45 | (45) | ||
Share-based compensation | 280,728 | 280,728 | ||
Common stock dividends | (1,422,492) | (1,422,492) | ||
Balance (in shares) at Aug. 31, 2018 | 5,948,660 | |||
Adoption of ASC 606 | 925,929 | 925,929 | ||
Balance at Aug. 31, 2018 | $ 5,948 | 6,411,830 | 14,250,749 | 20,668,527 |
Balance (in shares) at May. 31, 2018 | 5,905,436 | |||
Balance at May. 31, 2018 | $ 5,905 | 6,286,952 | 14,213,773 | 20,506,630 |
Net Income | 750,815 | 750,815 | ||
Issuance of common stock, vesting of restricted stock units and other (in shares) | 43,224 | |||
Issuance of common stock, vesting of restricted stock units and other | $ 43 | (43) | ||
Share-based compensation | 124,921 | 124,921 | ||
Common stock dividends | (713,839) | (713,839) | ||
Balance (in shares) at Aug. 31, 2018 | 5,948,660 | |||
Balance at Aug. 31, 2018 | $ 5,948 | 6,411,830 | 14,250,749 | $ 20,668,527 |
Balance (in shares) at Feb. 28, 2019 | 5,957,827 | 5,957,827 | ||
Balance at Feb. 28, 2019 | $ 5,958 | 6,650,864 | 13,733,010 | $ 20,389,832 |
Net Income | 1,629,697 | 1,629,697 | ||
Issuance of common stock, vesting of restricted stock units and other (in shares) | 33,335 | |||
Issuance of common stock, vesting of restricted stock units and other | $ 33 | (33) | ||
Share-based compensation | 386,670 | 386,670 | ||
Common stock dividends | (1,435,498) | $ (1,435,498) | ||
Balance (in shares) at Aug. 31, 2019 | 5,991,162 | 5,991,162 | ||
Balance at Aug. 31, 2019 | $ 5,991 | 7,037,501 | 13,927,209 | $ 20,970,701 |
Balance (in shares) at May. 31, 2019 | 5,962,327 | |||
Balance at May. 31, 2019 | $ 5,962 | 6,882,114 | 13,728,480 | 20,616,556 |
Net Income | 918,088 | 918,088 | ||
Issuance of common stock, vesting of restricted stock units and other (in shares) | 28,835 | |||
Issuance of common stock, vesting of restricted stock units and other | $ 29 | (29) | ||
Share-based compensation | 155,416 | 155,416 | ||
Common stock dividends | (719,359) | $ (719,359) | ||
Balance (in shares) at Aug. 31, 2019 | 5,991,162 | 5,991,162 | ||
Balance at Aug. 31, 2019 | $ 5,991 | $ 7,037,501 | $ 13,927,209 | $ 20,970,701 |
Note 1 - Nature of Operations a
Note 1 - Nature of Operations and Basis of Presentation | 6 Months Ended |
Aug. 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”), 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, The Company’s revenues are currently derived from three The following table summarizes the number of stores operating under the Rocky Mountain Chocolate Factory brand and frozen yogurt cafés as of August 31, 2019: Sold, Not Yet Open Open Total Rocky Mountain Chocolate Factory Company-owned stores - 2 2 Franchise stores - Domestic stores and kiosks 1 179 180 International license stores 1 63 64 Cold Stone Creamery - co-branded 7 95 102 U-Swirl (Including all associated brands) Company-owned stores - 1 1 Company-owned stores - co-branded - 3 3 Franchise stores - Domestic stores - 82 82 Franchise stores - Domestic - co-branded 1 8 9 International license stores - 2 2 Total 10 435 445 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. Certain amounts previously presented for prior periods have been reclassified to conform to the current presentation. 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 six August 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 On September 30, 2019 $5 September 30, 2019 September 30, 2021 Recent Accounting Pronouncements In August 2018, No. 33 10532, 10 November 5, 2018. 10 May 31, 2019. In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2020 2016 13 In February 2016, 2016 02, 842 840 2016 02 March 1, 2019, not $3.3 not 11 |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 6 Months Ended |
Aug. 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 the settlement of restricted stock units. Restricted stock units become dilutive within the period granted and remain dilutive until the units vest and are issued as common stock. |
Note 3 - Inventories
Note 3 - Inventories | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 3 Inventories consist of the following: August 31, 2019 February 28, 2019 Ingredients and supplies $ 2,347,557 $ 2,612,954 Finished candy 1,971,270 1,983,854 U-Swirl food and packaging 55,029 44,696 Reserve for slow moving inventory (178,658 ) (371,147 ) Total inventories $ 4,195,198 $ 4,270,357 |
Note 4 - Property and Equipment
Note 4 - Property and Equipment, Net | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4 Property and equipment consists of the following: August 31, 2019 February 28, 2019 Land $ 513,618 $ 513,618 Building 5,031,395 5,031,395 Machinery and equipment 10,205,508 10,233,119 Furniture and fixtures 850,934 864,944 Leasehold improvements 1,151,346 1,131,659 Transportation equipment 435,306 422,458 18,188,107 18,197,193 Less accumulated depreciation (12,330,443 ) (12,411,054 ) Property and equipment, net $ 5,857,664 $ 5,786,139 |
Note 5 - Stockholders' Equity
Note 5 - Stockholders' Equity | 6 Months Ended |
Aug. 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 15, 2019 March 5, 2019. $0.12 June 14, 2019 June 4, 2019. $0.12 August 16, 2019, September 13, 2019 September 4, 2019. 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 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 six August 31, 2019. August 31, 2019, $638,000 Stock-Based Compensation The Company’s 2007 August 8, 2013) The Company recognized $155,416 $386,670 three six August 31, 2019, $124,921 $280,728 three six August 31, 2018, The following table summarizes restricted stock unit activity during the six August 31, 2019 2018: Six Months Ended August 31, 2019 2018 Outstanding non-vested restricted stock units as of February 28: 25,002 77,594 Granted 270,000 - Vested (28,502 ) (43,224 ) Cancelled/forfeited - (200 ) Outstanding non-vested restricted stock units as of August 31: 266,500 34,170 Weighted average grant date fair value $ 9.40 $ 12.05 Weighted average remaining vesting period (in years) 5.14 0.88 The Company issued an aggregate of 4,833 six August 31, 2019 2,000 six August 31, 2018. $45,652 $24,480 six August 31, 2019 2018, During the three six August 31, 2019, $152,289 $341,018, five six six August 31, 2019 2018, 28,502 43,224 August 31, 2019 $2,309,265, 5.14 The Company has no August 31, 2019. |
Note 6 - Supplemental Cash Flow
Note 6 - Supplemental Cash Flow Information | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 6 Six Months Ended August 31, 2019 2018 Cash paid for: Interest, net $ 808 $ 33,006 Income taxes 314,417 166,545 Non-cash Operating Activities Accrued Inventory 237,842 96,454 Non-cash Financing Activities Dividend payable $ 719,359 $ 713,839 |
Note 7 - Operating Segments
Note 7 - Operating Segments | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 7 The Company classifies its business interests into five 1 1 10 February 28, 2019. Three Months Ended August 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,515,805 $ 4,714,682 $ 265,662 $ 1,122,751 $ - $ 7,618,900 Intersegment revenues (1,321 ) (232,309 ) - - - (233,630 ) Revenue from external customers 1,514,484 4,482,373 265,662 1,122,751 - 7,385,270 Segment profit (loss) 828,978 955,360 7,979 296,880 (841,434 ) 1,247,763 Total assets 1,445,041 11,838,237 1,005,356 5,620,012 9,377,697 29,286,343 Capital expenditures (2,040 ) 162,127 23,106 1,673 12,570 197,436 Total depreciation & amortization $ 10,353 $ 151,848 $ 2,533 $ 185,208 $ 22,891 $ 372,833 Three Months Ended August 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,470,486 $ 5,032,787 $ 298,359 $ 1,250,905 $ - $ 8,052,537 Intersegment revenues (1,732 ) (250,717 ) - - - (252,449 ) Revenue from external customers 1,468,754 4,782,070 298,359 1,250,905 - 7,800,088 Segment profit (loss) 693,383 1,070,613 (120,262 ) 229,818 (847,923 ) 1,025,629 Total assets 1,199,536 13,332,652 1,011,649 5,920,971 6,065,406 27,530,214 Capital expenditures 6 61,152 1,734 9,966 39,502 112,360 Total depreciation & amortization $ 11,631 $ 142,697 $ 11,179 $ 241,033 $ 28,409 $ 434,949 Six Months Ended August 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 2,944,846 $ 10,581,154 $ 498,081 $ 2,282,556 $ - $ 16,306,637 Intersegment revenues (2,607 ) (492,761 ) - - - (495,368 ) Revenue from external customers 2,942,239 10,088,393 498,081 2,282,556 - 15,811,269 Segment profit (loss) 1,446,888 2,124,047 (7,033 ) 576,043 (1,948,398 ) 2,191,547 Total assets 1,445,041 11,838,237 1,005,356 5,620,012 9,377,697 29,286,343 Capital expenditures 8,500 385,679 32,624 1,673 52,508 480,984 Total depreciation & amortization $ 21,183 $ 301,980 $ 5,143 $ 375,977 $ 46,203 $ 750,486 Six Months Ended August 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 2,783,691 $ 10,903,302 $ 659,794 $ 2,384,159 $ - $ 16,730,946 Intersegment revenues (2,767 ) (562,006 ) - - - (564,773 ) Revenue from external customers 2,780,924 10,341,296 659,794 2,384,159 - 16,166,173 Segment profit (loss) 1,182,654 2,239,948 (198,756 ) 364,973 (1,798,016 ) 1,790,803 Total assets 1,199,536 13,332,652 1,011,649 5,920,971 6,065,406 27,530,214 Capital expenditures 3,535 172,917 3,805 13,304 48,871 242,432 Total depreciation & amortization $ 23,556 $ 283,724 $ 23,854 $ 485,084 $ 56,236 $ 872,454 Revenue from one $1.5 9.3 six August 31, 2019, $1.4 8.8 six August 31, 2018. |
Note 8 - Goodwill and Intangibl
Note 8 - Goodwill and Intangible Assets | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 8 Intangible assets consist of the following: August 31, 2019 February 28, 2019 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 214,903 $ 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 - 20 715,339 260,349 715,339 223,628 Franchise rights 20 5,979,637 2,616,333 5,979,637 2,300,717 Total $ 7,467,557 $ 3,643,388 $ 7,467,557 $ 3,290,300 Intangible assets not subject to amortization Franchising segment- Company stores goodwill $ 832,308 $ 832,308 Franchising goodwill 97,318 97,318 Manufacturing segment-goodwill 97,318 97,318 Trademark 20,000 20,000 Total goodwill 1,046,944 1,046,944 Total Intangible Assets $ 8,514,501 $ 3,643,388 $ 8,514,501 $ 3,290,300 Amortization expense related to intangible assets totaled $353,088 $422,573 six August 31, 2019 2018, At August 31, 2019, 2020 353,088 2021 594,229 2022 490,060 2023 411,607 2024 345,642 Thereafter 1,629,543 Total $ 3,824,169 |
Note 9 - Costs Associated With
Note 9 - Costs Associated With Company-owned Store Closures | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Restructuring, Impairment, and Other Activities Disclosure [Text Block] | NOTE 9 Costs associated with Company-owned store closures were the result of closing certain underperforming Company-owned locations during the three six August 31, 2018. $118,793 $176,981 three six August 31, 2018, There were no three six August 31, 2019. |
Note 10 - Note Payable
Note 10 - Note Payable | 6 Months Ended |
Aug. 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. The promissory note matures on January 15, 2020. As of August 31, 2019 February 28, 2019, August 31, 2019 February 28, 2019 Promissory note $ 480,445 $ 1,176,488 Less: current maturities (480,445 ) (1,176,488 ) Long-term obligations $ - $ - |
Note 11 - Leasing Arrangements
Note 11 - Leasing Arrangements | 6 Months Ended |
Aug. 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. Lease expense recognized for the six August 31, 2019 2018 $478,707 $522,181, The amount of the ‘Right of Use Asset’ and ‘Lease Liability’ recorded in the Consolidated Balance Sheets upon the adoption of ASU 2016 02 $ 3.3 not not not not 3.4% August 31, 2019. $3.4 As of August 31, 2019, FY 20 $ 416,147 FY 21 819,004 FY 22 694,755 FY 23 437,446 FY 24 315,963 Thereafter 717,039 Total $ 3,400,354 Less: imputed interest (333,528 ) Present value of lease liabilities: $ 3,066,826 Weighted average lease term (years) 7.0 During the three August 31, 2019 $476,611 $532,811. |
Note 12 - Revenue from Contract
Note 12 - Revenue from Contracts with Customers | 6 Months Ended |
Aug. 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 At August 31, 2019, not FY 20 $ 117,608 FY 21 188,664 FY 22 175,465 FY 23 162,496 FY 24 131,911 Thereafter 439,785 Total $ 1,215,929 Gift Cards The Company’s franchisees sell gift cards, which do not not 606 not 606 |
Note 13 - Disaggregation of Rev
Note 13 - Disaggregation of Revenue | 6 Months Ended |
Aug. 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 August 31, 2019 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 65,327 $ - $ - $ 16,602 $ 81,929 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 4,482,373 - - 4,482,373 Retail sales - - 265,662 636,005 901,667 Royalty and marketing fees 1,449,157 - - 470,144 1,919,301 Total $ 1,514,484 $ 4,482,373 $ 265,662 $ 1,122,751 $ 7,385,270 Three Months Ended August 31, 2018 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 36,005 $ - $ - $ 71,533 $ 107,538 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 4,782,070 - - 4,782,070 Retail sales - - 298,359 655,890 954,249 Royalty and marketing fees 1,432,749 - - 523,482 1,956,231 Total $ 1,468,754 $ 4,782,070 $ 298,359 $ 1,250,905 $ 7,800,088 Six Months Ended August 31, 2019 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 145,346 $ - $ - $ 42,863 $ 188,209 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 10,088,393 - - 10,088,393 Retail sales - - 498,081 1,258,177 1,756,258 Royalty and marketing fees 2,796,893 - - 981,516 3,778,409 Total $ 2,942,239 $ 10,088,393 $ 498,081 $ 2,282,556 $ 15,811,269 Six Months Ended August 31, 2018 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 110,521 $ - $ - $ 90,152 $ 200,673 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 10,341,296 - - 10,341,296 Retail sales - - 659,794 1,317,278 1,977,072 Royalty and marketing fees 2,670,403 - - 976,729 3,647,132 Total $ 2,780,924 $ 10,341,296 $ 659,794 $ 2,384,159 $ 16,166,173 |
Note 14 - Loss Contingency
Note 14 - Loss Contingency | 6 Months Ended |
Aug. 31, 2019 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | NOTE 14 In June 2019, 11 The Company has historically conducted business with FTD under a Gourmet Foods Supplier Agreement (the “Supplier Agreement”), that among other provisions, provided assurance that custom inventory purchased by the Company and developed specifically for FTD would be purchased by FTD upon termination of the Supplier Agreement. On September 23, 2019, not As a result of FTD’s bankruptcy, the sale of certain assets, and the court’s approval to reject and not August 31, 2019 not not As of August 31, 2019, August 31, 2019 Ingredients and supplies $ 382,656 Finished candy 76,688 Accounts receivable 73,232 Total potential loss, contingent upon the bankruptcy proceedings $ 532,576 FTD represented approximately $1.5 9.3%, six August 31, 2019, $1.4 8.8%, six August 31, 2018. $3.1 9% February 28, 2019 $5.1 13% February 28, 2018. may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Aug. 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. Certain amounts previously presented for prior periods have been reclassified to conform to the current presentation. 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 six August 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 On September 30, 2019 $5 September 30, 2019 September 30, 2021 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In August 2018, No. 33 10532, 10 November 5, 2018. 10 May 31, 2019. In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2020 2016 13 In February 2016, 2016 02, 842 840 2016 02 March 1, 2019, not $3.3 not 11 |
Note 1 - Nature of Operations_2
Note 1 - Nature of Operations and Basis of Presentation (Tables) | 6 Months Ended |
Aug. 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 1 179 180 International license stores 1 63 64 Cold Stone Creamery - co-branded 7 95 102 U-Swirl (Including all associated brands) Company-owned stores - 1 1 Company-owned stores - co-branded - 3 3 Franchise stores - Domestic stores - 82 82 Franchise stores - Domestic - co-branded 1 8 9 International license stores - 2 2 Total 10 435 445 |
Note 3 - Inventories (Tables)
Note 3 - Inventories (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | August 31, 2019 February 28, 2019 Ingredients and supplies $ 2,347,557 $ 2,612,954 Finished candy 1,971,270 1,983,854 U-Swirl food and packaging 55,029 44,696 Reserve for slow moving inventory (178,658 ) (371,147 ) Total inventories $ 4,195,198 $ 4,270,357 |
Note 4 - Property and Equipme_2
Note 4 - Property and Equipment, Net (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | August 31, 2019 February 28, 2019 Land $ 513,618 $ 513,618 Building 5,031,395 5,031,395 Machinery and equipment 10,205,508 10,233,119 Furniture and fixtures 850,934 864,944 Leasehold improvements 1,151,346 1,131,659 Transportation equipment 435,306 422,458 18,188,107 18,197,193 Less accumulated depreciation (12,330,443 ) (12,411,054 ) Property and equipment, net $ 5,857,664 $ 5,786,139 |
Note 5 - Stockholders' Equity (
Note 5 - Stockholders' Equity (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Six Months Ended August 31, 2019 2018 Outstanding non-vested restricted stock units as of February 28: 25,002 77,594 Granted 270,000 - Vested (28,502 ) (43,224 ) Cancelled/forfeited - (200 ) Outstanding non-vested restricted stock units as of August 31: 266,500 34,170 Weighted average grant date fair value $ 9.40 $ 12.05 Weighted average remaining vesting period (in years) 5.14 0.88 |
Note 6 - Supplemental Cash Fl_2
Note 6 - Supplemental Cash Flow Information (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended August 31, 2019 2018 Cash paid for: Interest, net $ 808 $ 33,006 Income taxes 314,417 166,545 Non-cash Operating Activities Accrued Inventory 237,842 96,454 Non-cash Financing Activities Dividend payable $ 719,359 $ 713,839 |
Note 7 - Operating Segments (Ta
Note 7 - Operating Segments (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended August 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,515,805 $ 4,714,682 $ 265,662 $ 1,122,751 $ - $ 7,618,900 Intersegment revenues (1,321 ) (232,309 ) - - - (233,630 ) Revenue from external customers 1,514,484 4,482,373 265,662 1,122,751 - 7,385,270 Segment profit (loss) 828,978 955,360 7,979 296,880 (841,434 ) 1,247,763 Total assets 1,445,041 11,838,237 1,005,356 5,620,012 9,377,697 29,286,343 Capital expenditures (2,040 ) 162,127 23,106 1,673 12,570 197,436 Total depreciation & amortization $ 10,353 $ 151,848 $ 2,533 $ 185,208 $ 22,891 $ 372,833 Three Months Ended August 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 1,470,486 $ 5,032,787 $ 298,359 $ 1,250,905 $ - $ 8,052,537 Intersegment revenues (1,732 ) (250,717 ) - - - (252,449 ) Revenue from external customers 1,468,754 4,782,070 298,359 1,250,905 - 7,800,088 Segment profit (loss) 693,383 1,070,613 (120,262 ) 229,818 (847,923 ) 1,025,629 Total assets 1,199,536 13,332,652 1,011,649 5,920,971 6,065,406 27,530,214 Capital expenditures 6 61,152 1,734 9,966 39,502 112,360 Total depreciation & amortization $ 11,631 $ 142,697 $ 11,179 $ 241,033 $ 28,409 $ 434,949 Six Months Ended August 31, 2019 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 2,944,846 $ 10,581,154 $ 498,081 $ 2,282,556 $ - $ 16,306,637 Intersegment revenues (2,607 ) (492,761 ) - - - (495,368 ) Revenue from external customers 2,942,239 10,088,393 498,081 2,282,556 - 15,811,269 Segment profit (loss) 1,446,888 2,124,047 (7,033 ) 576,043 (1,948,398 ) 2,191,547 Total assets 1,445,041 11,838,237 1,005,356 5,620,012 9,377,697 29,286,343 Capital expenditures 8,500 385,679 32,624 1,673 52,508 480,984 Total depreciation & amortization $ 21,183 $ 301,980 $ 5,143 $ 375,977 $ 46,203 $ 750,486 Six Months Ended August 31, 2018 Franchising Manufacturing Retail U-Swirl Other Total Total revenues $ 2,783,691 $ 10,903,302 $ 659,794 $ 2,384,159 $ - $ 16,730,946 Intersegment revenues (2,767 ) (562,006 ) - - - (564,773 ) Revenue from external customers 2,780,924 10,341,296 659,794 2,384,159 - 16,166,173 Segment profit (loss) 1,182,654 2,239,948 (198,756 ) 364,973 (1,798,016 ) 1,790,803 Total assets 1,199,536 13,332,652 1,011,649 5,920,971 6,065,406 27,530,214 Capital expenditures 3,535 172,917 3,805 13,304 48,871 242,432 Total depreciation & amortization $ 23,556 $ 283,724 $ 23,854 $ 485,084 $ 56,236 $ 872,454 |
Note 8 - Goodwill and Intangi_2
Note 8 - Goodwill and Intangible Assets (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | August 31, 2019 February 28, 2019 Amortization Period (Years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 220,778 $ 214,903 $ 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 - 20 715,339 260,349 715,339 223,628 Franchise rights 20 5,979,637 2,616,333 5,979,637 2,300,717 Total $ 7,467,557 $ 3,643,388 $ 7,467,557 $ 3,290,300 Intangible assets not subject to amortization Franchising segment- Company stores goodwill $ 832,308 $ 832,308 Franchising goodwill 97,318 97,318 Manufacturing segment-goodwill 97,318 97,318 Trademark 20,000 20,000 Total goodwill 1,046,944 1,046,944 Total Intangible Assets $ 8,514,501 $ 3,643,388 $ 8,514,501 $ 3,290,300 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | 2020 353,088 2021 594,229 2022 490,060 2023 411,607 2024 345,642 Thereafter 1,629,543 Total $ 3,824,169 |
Note 10 - Note Payable (Tables)
Note 10 - Note Payable (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | August 31, 2019 February 28, 2019 Promissory note $ 480,445 $ 1,176,488 Less: current maturities (480,445 ) (1,176,488 ) Long-term obligations $ - $ - |
Note 11 - Leasing Arrangements
Note 11 - Leasing Arrangements (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | FY 20 $ 416,147 FY 21 819,004 FY 22 694,755 FY 23 437,446 FY 24 315,963 Thereafter 717,039 Total $ 3,400,354 Less: imputed interest (333,528 ) Present value of lease liabilities: $ 3,066,826 Weighted average lease term (years) 7.0 |
Note 12 - Revenue from Contra_2
Note 12 - Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | FY 20 $ 117,608 FY 21 188,664 FY 22 175,465 FY 23 162,496 FY 24 131,911 Thereafter 439,785 Total $ 1,215,929 |
Note 13 - Disaggregation of R_2
Note 13 - Disaggregation of Revenue (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 65,327 $ - $ - $ 16,602 $ 81,929 Franchising Manufacturing Retail U-Swirl Total Factory sales - 4,482,373 - - 4,482,373 Retail sales - - 265,662 636,005 901,667 Royalty and marketing fees 1,449,157 - - 470,144 1,919,301 Total $ 1,514,484 $ 4,482,373 $ 265,662 $ 1,122,751 $ 7,385,270 Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 36,005 $ - $ - $ 71,533 $ 107,538 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 4,782,070 - - 4,782,070 Retail sales - - 298,359 655,890 954,249 Royalty and marketing fees 1,432,749 - - 523,482 1,956,231 Total $ 1,468,754 $ 4,782,070 $ 298,359 $ 1,250,905 $ 7,800,088 Revenues recognized over time under ASC 606: Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 145,346 $ - $ - $ 42,863 $ 188,209 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 10,088,393 - - 10,088,393 Retail sales - - 498,081 1,258,177 1,756,258 Royalty and marketing fees 2,796,893 - - 981,516 3,778,409 Total $ 2,942,239 $ 10,088,393 $ 498,081 $ 2,282,556 $ 15,811,269 Franchising Manufacturing Retail U-Swirl Total Franchise fees $ 110,521 $ - $ - $ 90,152 $ 200,673 Revenues recognized at a point in time: Franchising Manufacturing Retail U-Swirl Total Factory sales - 10,341,296 - - 10,341,296 Retail sales - - 659,794 1,317,278 1,977,072 Royalty and marketing fees 2,670,403 - - 976,729 3,647,132 Total $ 2,780,924 $ 10,341,296 $ 659,794 $ 2,384,159 $ 16,166,173 |
Note 14 - Loss Contingency (Tab
Note 14 - Loss Contingency (Tables) | 6 Months Ended |
Aug. 31, 2019 | |
Notes Tables | |
Schedule of Loss Contingencies by Contingency [Table Text Block] | August 31, 2019 Ingredients and supplies $ 382,656 Finished candy 76,688 Accounts receivable 73,232 Total potential loss, contingent upon the bankruptcy proceedings $ 532,576 |
Note 1 - Nature of Operations_3
Note 1 - Nature of Operations and Basis of Presentation (Details Textual) - USD ($) | Sep. 30, 2019 | Sep. 29, 2019 | Aug. 31, 2019 | Mar. 01, 2019 | Feb. 28, 2019 |
Operating Lease, Right-of-Use Asset | $ 3,066,826 | ||||
Operating Lease, Liability, Total | $ 3,066,826 | ||||
Accounting Standards Update 2016-02 [Member] | |||||
Operating Lease, Right-of-Use Asset | $ 3,300,000 | ||||
Operating Lease, Liability, Total | $ 3,300,000 | ||||
Subsequent Event [Member] | Line of Credit [Member] | Wells Fargo Bank [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 5,000,000 | ||||
Line of Credit Facility, Expiration Date | Sep. 30, 2021 | Sep. 30, 2019 | |||
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) | Aug. 31, 2019 |
Number of stores | 445 |
Sold Not Yet Open [Member] | |
Number of stores | 10 |
Open [Member] | |
Number of stores | 435 |
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 | 180 |
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member] | |
Number of stores | 1 |
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member] | |
Number of stores | 179 |
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 | 7 |
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member] | |
Number of stores | 95 |
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 | 82 |
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 | 82 |
Franchise Stores - Domestic Stores - Co-Branded [Member] | USwirl Inc [Member] | |
Number of stores | 9 |
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 3 - Inventories - Inventor
Note 3 - Inventories - Inventories (Details) - USD ($) | Aug. 31, 2019 | Feb. 28, 2019 |
Ingredients and supplies | $ 2,347,557 | $ 2,612,954 |
Finished candy | 1,971,270 | 1,983,854 |
U-Swirl food and packaging | 55,029 | 44,696 |
Reserve for slow moving inventory | (178,658) | (371,147) |
Total inventories | $ 4,195,198 | $ 4,270,357 |
Note 4 - Property and Equipme_3
Note 4 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) | Aug. 31, 2019 | Feb. 28, 2019 |
Property, plant and equipment, gross | $ 18,188,107 | $ 18,197,193 |
Less accumulated depreciation | (12,330,443) | (12,411,054) |
Property and equipment, net | 5,857,664 | 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 | 10,205,508 | 10,233,119 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | 850,934 | 864,944 |
Leasehold Improvements [Member] | ||
Property, plant and equipment, gross | 1,151,346 | 1,131,659 |
Transportation Equipment [Member] | ||
Property, plant and equipment, gross | $ 435,306 | $ 422,458 |
Note 5 - Stockholders' Equity_2
Note 5 - Stockholders' Equity (Details Textual) - USD ($) | Sep. 14, 2018 | Jun. 15, 2018 | Mar. 16, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | 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 Payment Arrangement, Expense | $ 155,416 | $ 124,921 | $ 386,670 | $ 280,728 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | 0 | 0 | ||||||||
Unrestricted Shares of Stock [Member] | ||||||||||
Share-based Payment Arrangement, Expense | $ 45,652 | $ 24,480 | ||||||||
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture | 4,833 | 2,000 | ||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||
Share-based Payment Arrangement, Expense | $ 152,289 | $ 341,018 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 28,502 | 43,224 | ||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 2,309,265 | $ 2,309,265 | ||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 5 years 51 days | |||||||||
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 |
Note 5 - Stockholders' Equity -
Note 5 - Stockholders' Equity - Restricted Stock Unit Awards Outstanding Under the Plans (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 6 Months Ended | |
Aug. 31, 2019 | Aug. 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) | (28,502) | (43,224) |
Cancelled/forfeited (in shares) | (200) | |
Outstanding non-vested restricted stock units as of August 31: (in shares) | 266,500 | 34,170 |
Weighted average grant date fair value (in dollars per share) | $ 9.40 | $ 12.05 |
Weighted average remaining vesting period (Year) | 5 years 51 days | 321 days |
Note 6 - Supplemental Cash Fl_3
Note 6 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) | 6 Months Ended | |
Aug. 31, 2019 | Aug. 31, 2018 | |
Interest, net | $ 808 | $ 33,006 |
Income taxes | 314,417 | 166,545 |
Accrued Inventory | 237,842 | 96,454 |
Dividend payable | $ 719,359 | $ 713,839 |
Note 7 - Operating Segments (De
Note 7 - Operating Segments (Details Textual) $ in Millions | 6 Months Ended | |
Aug. 31, 2019USD ($) | Aug. 31, 2018USD ($) | |
Number of Reportable Segments | 5 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Manufacturing [Member] | ||
Number of Major Customers | 1 | 1 |
Revenues, Total | $ 1.5 | $ 1.4 |
Concentration Risk, Percentage | 9.30% | 8.80% |
Note 7 - Operating Segments - S
Note 7 - Operating Segments - Segment Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | Feb. 28, 2019 | |
Revenues | $ 7,385,270 | $ 7,800,088 | $ 15,811,269 | $ 16,166,173 | |
Segment profit (loss) | 1,247,763 | 1,025,629 | 2,191,547 | 1,790,803 | |
Total assets | 29,286,343 | 27,530,214 | 29,286,343 | 27,530,214 | $ 26,222,141 |
Capital expenditures | 197,436 | 112,360 | 480,984 | 242,432 | |
Total depreciation and amortization | 372,833 | 434,949 | 750,486 | 872,454 | |
Franchising [Member] | |||||
Revenues | 1,514,484 | 1,468,754 | 2,942,239 | 2,780,924 | |
Segment profit (loss) | 828,978 | 693,383 | 1,446,888 | 1,182,654 | |
Total assets | 1,445,041 | 1,199,536 | 1,445,041 | 1,199,536 | |
Capital expenditures | (2,040) | 6 | 8,500 | 3,535 | |
Total depreciation and amortization | 10,353 | 11,631 | 21,183 | 23,556 | |
Manufacturing [Member] | |||||
Revenues | 4,482,373 | 4,782,070 | 10,088,393 | 10,341,296 | |
Segment profit (loss) | 955,360 | 1,070,613 | 2,124,047 | 2,239,948 | |
Total assets | 11,838,237 | 13,332,652 | 11,838,237 | 13,332,652 | |
Capital expenditures | 162,127 | 61,152 | 385,679 | 172,917 | |
Total depreciation and amortization | 151,848 | 142,697 | 301,980 | 283,724 | |
Retail Segment [Member] | |||||
Revenues | 265,662 | 298,359 | 498,081 | 659,794 | |
Segment profit (loss) | 7,979 | (120,262) | (7,033) | (198,756) | |
Total assets | 1,005,356 | 1,011,649 | 1,005,356 | 1,011,649 | |
Capital expenditures | 23,106 | 1,734 | 32,624 | 3,805 | |
Total depreciation and amortization | 2,533 | 11,179 | 5,143 | 23,854 | |
U-Swirl Segment [Member] | |||||
Revenues | 1,122,751 | 1,250,905 | 2,282,556 | 2,384,159 | |
Segment profit (loss) | 296,880 | 229,818 | 576,043 | 364,973 | |
Total assets | 5,620,012 | 5,920,971 | 5,620,012 | 5,920,971 | |
Capital expenditures | 1,673 | 9,966 | 1,673 | 13,304 | |
Total depreciation and amortization | 185,208 | 241,033 | 375,977 | 485,084 | |
Other Segments [Member] | |||||
Revenues | 0 | 0 | |||
Segment profit (loss) | (841,434) | (847,923) | (1,948,398) | (1,798,016) | |
Total assets | 9,377,697 | 6,065,406 | 9,377,697 | 6,065,406 | |
Capital expenditures | 12,570 | 39,502 | 52,508 | 48,871 | |
Total depreciation and amortization | 22,891 | 28,409 | 46,203 | 56,236 | |
Operating Segments [Member] | |||||
Revenues | 7,618,900 | 8,052,537 | 16,306,637 | 16,730,946 | |
Operating Segments [Member] | Franchising [Member] | |||||
Revenues | 1,515,805 | 1,470,486 | 2,944,846 | 2,783,691 | |
Operating Segments [Member] | Manufacturing [Member] | |||||
Revenues | 4,714,682 | 5,032,787 | 10,581,154 | 10,903,302 | |
Operating Segments [Member] | Retail Segment [Member] | |||||
Revenues | 265,662 | 298,359 | 498,081 | 659,794 | |
Operating Segments [Member] | U-Swirl Segment [Member] | |||||
Revenues | 1,122,751 | 1,250,905 | 2,282,556 | 2,384,159 | |
Operating Segments [Member] | Other Segments [Member] | |||||
Revenues | 0 | 0 | |||
Intersegment Eliminations [Member] | |||||
Revenues | (233,630) | (252,449) | (495,368) | (564,773) | |
Intersegment Eliminations [Member] | Franchising [Member] | |||||
Revenues | (1,321) | (1,732) | (2,607) | (2,767) | |
Intersegment Eliminations [Member] | Manufacturing [Member] | |||||
Revenues | (232,309) | (250,717) | (492,761) | (562,006) | |
Intersegment Eliminations [Member] | Retail Segment [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 Intangi_3
Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($) | 6 Months Ended | |
Aug. 31, 2019 | Aug. 31, 2018 | |
Amortization of Intangible Assets, Total | $ 353,088 | $ 422,573 |
Note 8 - Goodwill and Intangi_4
Note 8 - Goodwill and Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($) | 6 Months Ended | |
Aug. 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 | 3,643,388 | 3,290,300 |
Intangible assets not subject to amortization, gross carrying value | 1,046,944 | 1,046,944 |
Total Intangible Assets | 8,514,501 | 8,514,501 |
Intangible assets not subject to amortization, accumulated goodwill impairment | 3,643,388 | 3,290,300 |
Company Stores Goodwill [Member] | ||
Intangible assets not subject to amortization, gross carrying value | 832,308 | 832,308 |
Franchising Goodwill [Member] | ||
Intangible assets not subject to amortization, gross carrying value | 97,318 | 97,318 |
Manufacturing Segment Goodwill [Member] | ||
Intangible assets not subject to amortization, gross carrying value | 97,318 | 97,318 |
Trademarks [Member] | ||
Intangible assets not subject to amortization, gross carrying value | $ 20,000 | 20,000 |
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 | 214,903 | 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 | $ 260,349 | 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 | $ 2,616,333 | $ 2,300,717 |
Note 8 - Goodwill and Intangi_5
Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) | Aug. 31, 2019USD ($) |
2020 | $ 353,088 |
2021 | 594,229 |
2022 | 490,060 |
2023 | 411,607 |
2024 | 345,642 |
Thereafter | 1,629,543 |
Total | $ 3,824,169 |
Note 9 - Costs Associated Wit_2
Note 9 - Costs Associated With Company-owned Store Closures (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
Restructuring Costs and Asset Impairment Charges, Total | $ 0 | $ 118,793 | $ 0 | $ 176,981 |
Note 10 - Note Payable - Long-t
Note 10 - Note Payable - Long-term Note Payable (Details) - USD ($) | Aug. 31, 2019 | Feb. 28, 2019 |
Promissory note | $ 480,445 | $ 1,176,488 |
Less: current maturities | (480,445) | (1,176,488) |
Long-term obligations |
Note 11 - Leasing Arrangement_2
Note 11 - Leasing Arrangements (Details Textual) - USD ($) | 6 Months Ended | |||
Aug. 31, 2019 | Aug. 31, 2018 | Mar. 01, 2019 | Feb. 28, 2019 | |
Operating Lease, Expense | $ 478,707 | $ 522,181 | ||
Operating Lease, Liability, Total | $ 3,066,826 | |||
Operating Lease, Weighted Average Discount Rate, Percent | 3.40% | |||
Lessee, Operating Lease, Liability, Payments, Due, Total | $ 3,400,354 | |||
Operating Lease, Right-of-Use Asset | 3,066,826 | |||
Company-owned Location [Member] | ||||
Operating Lease, Liability, Total | 476,611 | |||
Lessee, Operating Lease, Liability, Payments, Due, Total | $ 532,811 | |||
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) | Aug. 31, 2019USD ($) |
FY 20 | $ 416,147 |
FY 21 | 819,004 |
FY 22 | 694,755 |
FY 23 | 437,446 |
FY 24 | 315,963 |
Thereafter | 717,039 |
Total | 3,400,354 |
Less: imputed interest | (333,528) |
Operating Lease, Liability, Total | $ 3,066,826 |
Weighted average lease term (years) (Year) | 7 years |
Note 12 - Revenue from Contra_3
Note 12 - Revenue from Contracts with Customers (Details Textual) | Aug. 31, 2019 | Mar. 01, 2018 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-06-01 | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 182 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) | Aug. 31, 2019USD ($) |
Revenue, remaining performance obligation, amount | $ 1,215,929 |
Note 12 - Revenue from Contra_5
Note 12 - Revenue from Contracts with Customers - Remaining Performance Obligation 2 (Details) | Aug. 31, 2019USD ($) |
Revenue, remaining performance obligation, amount | $ 1,215,929 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-06-01 | |
Revenue, remaining performance obligation, period (Year) | 182 days |
Revenue, remaining performance obligation, amount | $ 117,608 |
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 | $ 188,664 |
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 | $ 175,465 |
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 | $ 162,496 |
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 | $ 131,911 |
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 | $ 439,785 |
Note 13 - Disaggregation of R_3
Note 13 - Disaggregation of Revenue - Disaggregation of Revenue (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | Aug. 31, 2019 | Aug. 31, 2018 | |
Revenues | $ 7,385,270 | $ 7,800,088 | $ 15,811,269 | $ 16,166,173 |
Franchising [Member] | ||||
Revenues | 1,514,484 | 1,468,754 | 2,942,239 | 2,780,924 |
Manufacturing [Member] | ||||
Revenues | 4,482,373 | 4,782,070 | 10,088,393 | 10,341,296 |
Retail Segment [Member] | ||||
Revenues | 265,662 | 298,359 | 498,081 | 659,794 |
USwirl Inc [Member] | ||||
Revenues | 1,122,751 | 1,250,905 | 2,282,556 | 2,384,159 |
Franchise Fees [Member] | Transferred over Time [Member] | ||||
Revenues | 81,929 | 107,538 | 188,209 | 200,673 |
Franchise Fees [Member] | Transferred over Time [Member] | Franchising [Member] | ||||
Revenues | 65,327 | 36,005 | 145,346 | 110,521 |
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 | 16,602 | 71,533 | 42,863 | 90,152 |
Factory Sales [Member] | Transferred at Point in Time [Member] | ||||
Revenues | 4,482,373 | 4,782,070 | 10,088,393 | 10,341,296 |
Factory Sales [Member] | Transferred at Point in Time [Member] | Franchising [Member] | ||||
Revenues | ||||
Factory Sales [Member] | Transferred at Point in Time [Member] | Manufacturing [Member] | ||||
Revenues | 4,482,373 | 4,782,070 | 10,088,393 | 10,341,296 |
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 | 901,667 | 954,249 | 1,756,258 | 1,977,072 |
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 | 265,662 | 298,359 | 498,081 | 659,794 |
Retail [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member] | ||||
Revenues | 636,005 | 655,890 | 1,258,177 | 1,317,278 |
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | ||||
Revenues | 1,919,301 | 1,956,231 | 3,778,409 | 3,647,132 |
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Franchising [Member] | ||||
Revenues | 1,449,157 | 1,432,749 | 2,796,893 | 2,670,403 |
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 | $ 470,144 | $ 523,482 | $ 981,516 | $ 976,729 |
Note 14 - Loss Contingency (Det
Note 14 - Loss Contingency (Details Textual) - Revenue Benchmark [Member] - Customer Concentration Risk [Member] - FTD [Member] - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||
Aug. 31, 2019 | Aug. 31, 2018 | Feb. 28, 2019 | Feb. 28, 2018 | |
Revenues, Total | $ 1.5 | $ 1.4 | $ 3.1 | $ 5.1 |
Concentration Risk, Percentage | 9.30% | 8.80% | 9.00% | 13.00% |
Note 14 - Loss Contingency - Ba
Note 14 - Loss Contingency - Balances (Details) - FTD's Bankruptcy [Member] | Aug. 31, 2019USD ($) |
Possible loss, contingent upon the bankruptcy proceedings | $ 532,576 |
Accounts Receivable [Member] | |
Possible loss, contingent upon the bankruptcy proceedings | 73,232 |
Ingredients and Supplies [Member] | Inventories [Member] | |
Possible loss, contingent upon the bankruptcy proceedings | 382,656 |
Finished Candy [Member] | Inventories [Member] | |
Possible loss, contingent upon the bankruptcy proceedings | $ 76,688 |