Rocky Mountain Chocolate Factory (RMCF) 10-Q 14 Jul 23 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	May 31, 2023	Jul. 10, 2023
Document Information [Line Items]
Entity Central Index Key	0001616262
Entity Registrant Name	Rocky Mountain Chocolate Factory, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 31, 2023
Document Transition Report	false
Entity File Number	001-36865
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1535633
Entity Address, Address Line One	265 Turner Drive
Entity Address, City or Town	Durango
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	81303
City Area Code	970
Local Phone Number	259-0554
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	MCF
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,293,110

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Revenues
Total revenue	$ 6,435,985	$ 6,902,198
Costs and Expenses
Cost of sales	4,758,494	4,526,321
Sales and marketing	472,891	481,059
General and administrative	1,931,903	1,605,867
Depreciation and amortization, exclusive of depreciation and amortization expense of $170,856, $159,706, respectively, included in cost of sales	31,229	29,187
Total costs and expenses	7,977,071	7,219,792
Loss from Operations	(1,541,086)	(317,594)
Other Income
Interest Expense	(6,259)	0
Interest Income	20,078	2,641
Other income, net	13,819	2,641
Income (Loss) Before Income Taxes	(1,527,267)	(314,953)
Income Tax Provision (Benefit)	0	(29,186)
Net Income (Loss) from Continuing Operations	(1,527,267)	(285,767)
Discontinued Operations
Earnings from discontinued operations, net of tax	69,044	170,826
Gain on disposal of discontinued operations, net of tax	634,790	0
Earnings from discontinued operations, net of tax	703,834	170,826
Consolidated Net Loss	$ (823,433)	$ (114,941)
Basic Earnings (Loss) per Common Share
Loss from continuing operations (in dollars per share)	$ (0.24)	$ (0.05)
Earnings from discontinued operations (in dollars per share)	0.11	0.03
Net earnings (loss) (in dollars per share)	(0.13)	(0.02)
Diluted Earnings (Loss) per Common Share
Loss from continuing operations (in dollars per share)	(0.24)	(0.05)
Earnings from discontinued operations (in dollars per share)	0.11	0.03
Net earnings (loss) (in dollars per share)	$ (0.13)	$ (0.02)
Weighted Average Common Shares Outstanding - Basic (in shares)	6,276,613	6,206,939
Dilutive Effect of Employee Stock Awards (in shares)	0	0
Weighted Average Common Shares Outstanding - Diluted (in shares)	6,276,613	6,206,939
Product [Member]
Revenues
Total revenue	$ 5,016,047	$ 5,408,020
Franchise and Royalty Fees [Member]
Revenues
Total revenue	1,419,938	1,494,178
Franchise [Member]
Costs and Expenses
Costs	679,573	419,084
Retail [Member]
Costs and Expenses
Costs	$ 102,981	$ 158,274

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Amortization expense included in cost of goods sold	$ 170,856	$ 159,706

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	May 31, 2023	Feb. 28, 2023
Current Assets
Cash and cash equivalents	$ 5,148,832	$ 4,717,068
Accounts receivable, less allowance for doubtful accounts of $577,234 and $666,315, respectively	1,828,644	2,055,694
Notes receivable, current portion, less current portion of the valuation allowance of $41,861 and $35,173, respectively	47,654	23,698
Refundable income taxes	309,322	344,885
Inventories	2,720,561	3,639,780
Other	461,483	340,847
Current assets held for sale	0	83,004
Total current assets	10,516,496	11,204,976
Property and Equipment, Net	6,059,374	5,710,739
Other Assets
Notes receivable, less current portion and valuation allowance of $32,090 and $38,778, respectively	1,155,072	94,076
Goodwill, net	575,608	575,608
Intangible assets, net	258,701	265,927
Lease right of use asset	2,210,242	2,355,601
Other	23,469	14,054
Long-term assets held for sale	0	1,765,846
Total other assets	4,223,092	5,071,112
Total Assets	20,798,962	21,986,827
Current Liabilities
Accounts payable	2,006,517	2,189,760
Accrued salaries and wages	1,069,628	978,606
Gift card liabilities	586,269	592,932
Other accrued expenses	217,369	162,346
Contract liabilities	161,781	161,137
Lease liability	753,026	746,506
Current liabilities held for sale	0	178,939
Total current liabilities	4,794,590	5,010,226
Lease Liability, Less Current Portion	1,483,830	1,640,017
Contract Liabilities, Less Current Portion	772,177	782,278
Long-term liabilities - held for sale	0	184,142
Commitments and Contingencies
Stockholders' Equity
Preferred stock, $.001 par value per share; 250,000 authorized; -0- shares issued and outstanding	0	0
Common stock, $.001 par value, 46,000,000 shares authorized, 6,290,164 shares and 6,257,137 shares issued and outstanding, respectively	6,290	6,257
Additional paid-in capital	9,659,476	9,457,875
Retained earnings	4,082,599	4,906,032
Total stockholders' equity	13,748,365	14,370,164
Total Liabilities and Stockholders' Equity	$ 20,798,962	$ 21,986,827

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	May 31, 2023	Feb. 28, 2023
Accounts receivable, allowance for doubtful accounts	$ 577,234	$ 666,315
Notes receivable, current portion of the valuation allowance	41,861	35,173
Financing Receivable, Allowance for Credit Loss, Noncurrent	$ 32,090	$ 38,778
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)	6,290,164	6,257,137
Common stock, shares outstanding (in shares)	6,290,164	6,257,137

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Cash Flows From Operating Activities
Consolidated Net Loss	$ (823,433)	$ (114,941)
Less: Net Income from discontinued operations, net of tax	703,834	170,826
Net Loss from continuing operations	(1,527,267)	(285,767)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	202,085	188,893
Provision for obsolete inventory	27,957	59,796
Provision for loss on accounts and notes receivable	0	(100,000)
Loss (gain) on sale or disposal of property and equipment	(22,392)	1,950
Expense recorded for stock compensation	201,634	131,597
Deferred income taxes	0	100,925
Changes in operating assets and liabilities:
Accounts receivable	197,117	190,420
Refundable income taxes	35,563	170,875
Inventories	676,174	(762,523)
Contract Liabilities	(9,457)	(26,352)
Other current assets	(119,613)	(197,389)
Accounts payable	(184,882)	475,858
Accrued liabilities	140,769	(193,960)
Net cash used in operating activities of continuing operations	(382,312)	(245,677)
Net cash (used in) provided by operating activities of discontinued operations	(39,242)	256,975
Net cash (used in) provided by operating activities	(421,554)	11,298
Addition to notes receivable	(49,476)	0
Proceeds received on notes receivable	15,396	15,411
Proceeds from sale or distribution of assets	28,432	600
Purchases of property and equipment	(549,534)	(260,885)
Decrease in other assets	0	10,000
Net cash used in by investing activities of continuing operations	(555,182)	(234,874)
Net cash provided by (used in) investing activities of discontinued operations	1,408,500	(29,475)
Net cash provided by (used in) investing activities	853,318	(264,349)
Net Increase (Decrease) in Cash and Cash Equivalents	431,764	(253,051)
Cash and Cash Equivalents, Beginning of Period	4,717,068	7,587,374
Cash and Cash Equivalents, End of Period	$ 5,148,832	$ 7,334,323

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Feb. 28, 2022		$ 6,186	$ 8,806,930	$ 10,586,810
Equity compensation, restricted stock units and stock options		28	131,569
Balance at May. 31, 2022	$ 19,416,582	$ 6,214	8,938,499	10,471,869
Consolidated net income (loss)	(114,941)			(114,941)
Balance (in shares) at Feb. 28, 2022		6,186,356
Equity compensation, restricted stock units and stock options (in shares)		27,325
Balance (in shares) at May. 31, 2022		6,213,681
Balance at Feb. 28, 2023	14,370,164	$ 6,257	9,457,875	4,906,032
Equity compensation, restricted stock units and stock options		33	201,601
Balance at May. 31, 2023	13,748,365	$ 6,290	$ 9,659,476	4,082,599
Consolidated net income (loss)	$ (823,433)			$ (823,433)
Balance (in shares) at Feb. 28, 2023		6,257,137
Equity compensation, restricted stock units and stock options (in shares)		33,027
Balance (in shares) at May. 31, 2023		6,290,164

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	May 31, 2023
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), Aspen Leaf Yogurt, LLC (“ALY”), U-Swirl International, Inc. (“U-Swirl”), and U-Swirl, Inc. (“SWRL”) (collectively, the “Company,” “we,” “us” or “our”). The Company is an international franchisor, confectionery producer and retail operator. Founded in 1981, On February 24, 2023 three May 1, 2023, 2023 16 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 at May 31, 2023: Stores Open at 2/28/2023 Opened Closed Stores Open at 5/31/2023 Sold, Not Yet Open Total Rocky Mountain Chocolate Factory Company-owned stores 1 - - 1 - 1 Franchise stores - Domestic stores and kiosks 153 2 (3 ) 152 5 157 International license stores 4 - - 4 - 4 Cold Stone Creamery - co-branded 101 1 - 102 - 102 U-Swirl - co-branded 10 1 - 11 - 11 Total 269 270 5 275 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 (“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, 2023 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, 2023, May 30, 2023. not Subsequent Events Management evaluated all activity of the Company through the issue date of these consolidated financial statements and concluded that no Recent Accounting Pronouncements Except for the recent accounting pronouncements described below, other recent accounting pronouncements are not In June 2016, 2016 13, 326 2016 13 2016 13 2016 13 March 1, 2023. 2016 13 not Accounts and Notes Receivable, Net Accounts receivable represent amounts due from customers in the ordinary course of business and are recorded at the invoiced amount and do not may

Note 2 - Supplemental Cash Flow

Note 2 - Supplemental Cash Flow Information	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 2 Three Months Ended May 31, 2023 2022 Cash paid (received) for: Interest $ - $ - Income taxes (35,563 ) (316,937 ) Supplemental disclosure of non‑cash investing activities Sale of assets in exchange for note receivable $ 1,000,000 $ -

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 3 The Company recognizes revenue from contracts with its customers in accordance with Accounting Standards Codification® (“ASC”) 606, not Initial Franchise Fees, License Fees, Transfer Fees and Renewal Fees Initial franchise services are not The following table summarizes contract liabilities as of May 31, 2023 May 31, 2022: Three Months Ended May 31: 2023 2022 Contract liabilities at the beginning of the year: $ 943,415 $ 962,572 Revenue recognized (44,956 ) (53,853 ) Contract fees received 35,499 27,500 Contract liabilities at the end of the period: $ 933,958 $ 936,219 At May 31, 2023, not FYE 24 $ 139,045 FYE 25 148,744 FYE 26 136,026 FYE 27 122,907 FYE 28 95,390 Thereafter 291,846 Total $ 933,958 Gift Cards The Company’s franchisees sell gift cards, which do not 606 Durango Product Sales of Confectionary Items, Retail Sales and Royalty and Marketing Fees Confectionary items sold to the Company’s franchisees, others and its Company-owned stores sales are recognized at the time of the underlying sale, based on the terms of the sale and when ownership of the inventory is transferred, and are presented net of sales taxes and discounts. Royalties and marketing fees from franchised or licensed locations, which are based on a percentage of sales, are recognized at the time such sales occur.

Note 4 - Disaggregation of Reve

Note 4 - Disaggregation of Revenue	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Disaggregation of Revenue [Text Block]	NOTE 4 The following table presents disaggregated revenue by method of recognition and segment: Three Months Ended May 31, 2023 Revenues recognized over time under ASC 606: Franchising Production Retail Total Franchise fees $ 44,956 $ - $ - $ 44,956 Revenues recognized at a point in time: Franchising Production Retail Total Durango Product Sales - 4,824,075 - 4,824,075 Retail sales - - 191,972 191,972 Royalty and marketing fees 1,374,982 - - 1,374,982 Total $ 1,419,938 $ 4,824,075 $ 191,972 $ 6,435,985 Three Months Ended May 31, 2022 Revenues recognized over time under ASC 606: Franchising Production Retail Total Franchise fees $ 53,853 $ - $ - $ 53,853 Revenues recognized at a point in time: Franchising Production Retail Total Durango Product Sales - 5,157,610 - 5,157,610 Retail sales - - 250,410 250,410 Royalty and marketing fees 1,440,325 - - 1,440,325 Total $ 1,494,178 $ 5,157,610 $ 250,410 $ 6,902,198

Note 5 - Inventories

Note 5 - Inventories	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 Inventories consist of the following inventory at May 31, 2023 February 28, 2023: May 31, 2023 February 28, 2023 Ingredients and supplies $ 1,939,525 $ 2,481,510 Finished candy 1,080,050 1,567,887 Reserve for slow moving inventory (299,014 ) (409,617 ) Total inventories $ 2,720,561 $ 3,639,780

Note 6 - Property and Equipment

Note 6 - Property and Equipment, Net	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 6 Property and equipment at May 31, 2023 February 28, 2023 May 31, 2023 February 28, 2023 Land $ 513,618 $ 513,618 Building 5,105,086 5,151,886 Machinery and equipment 10,640,450 10,152,211 Furniture and fixtures 514,764 512,172 Leasehold improvements 134,010 134,010 Transportation equipment 392,066 476,376 17,299,994 16,940,273 Less accumulated depreciation (11,240,620 ) (11,229,534 ) Property and equipment, net $ 6,059,374 $ 5,710,739 Depreciation expense related to property and equipment totaled $194,859 and $181,667 during the three May 31, 2023 2022,

Note 7 - Goodwill and Intangibl

Note 7 - Goodwill and Intangible Assets	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 Intangible assets at May 31, 2023 February 28, 2023 May 31, 2023 February 28, 2023 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 394,826 $ 264,040 $ 394,826 $ 259,314 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 - 20 259,339 131,424 259,339 128,924 Total 1,205,968 947,267 1,205,968 940,041 Goodwill and intangible assets not subject to amortization Franchising segment- Company stores goodwill $ 360,972 $ 360,972 Franchising goodwill 97,318 97,318 Production segment-goodwill 97,318 97,318 Trademark 20,000 20,000 Total 575,608 575,608 Total Goodwill and Intangible Assets $ 1,781,576 $ 947,267 $ 1,781,576 $ 940,041 Amortization expense related to intangible assets totaled $7,226 and $7,226 during the three May 31, 2023 2022, At May 31, 2023, FYE 24 $ 20,804 FYE 25 27,405 FYE 26 27,405 FYE 27 27,405 FYE 28 27,405 Thereafter 128,277 Total $ 258,701

Note 8 - Line of Credit

Note 8 - Line of Credit	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 8 Revolving Credit Line The Company has a $5.0 million credit line for general corporate and working capital purposes, of which $5.0 million was available for borrowing (subject to certain borrowing-based limitations) as of May 31, 2023 ( May 31, 2023 February 28, 2023). May 31, 2023, September 2023

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 9 Warrants In connection with a terminated supplier agreement with a former customer of the Company, the Company issued a warrant (the “Warrant”) to purchase up to 960,677 shares of the Company’s common stock (the “Warrant Shares”) at an exercise price of $8.76 per share. The Warrant Shares vest in annual tranches in varying amounts following each contract year under the terminated supplier agreement, and was subject to, and only upon, achievement of certain revenue thresholds on an annual or cumulative five six fifth On November 1, 2022, May 31, 2023, no no The Company determined that the grant date fair value of the Warrant was de minimis and did not Stock-Based Compensation Under the Company’s 2007 “2007 may The Company recognized $201,634 of stock-based compensation expense during the three May 31, 2023 three May 31, 2022. The following table summarizes non-vested restricted stock unit transactions for common stock during the three May 31, 2023 2022: Three Months Ended May 31, 2023 2022 Outstanding non-vested restricted stock units as of February 28 or 29: 154,131 105,978 Granted 6,338 55,336 Vested (33,027 ) (27,326 ) Cancelled/forfeited (1,000 ) - Outstanding non-vested restricted stock units as of May 31: 126,442 133,988 Weighted average grant date fair value $ 4.35 $ 6.65 Weighted average remaining vesting period (in years) 1.53 2.36 The following table summarizes stock option activity during the three May 31, 2023 2022: Three Months Ended May 31, 2023 2022 Outstanding stock options as of February 28: 36,144 - Granted - 27,668 Exercised - - Cancelled/forfeited - - Outstanding stock options as of May 31: 36,144 27,668 Weighted average exercise price 6.49 6.38 Weighted average remaining contractual term (in years) 9.01 9.95 During the three May 31, 2023, November 30, 2023. During the three May 31, 2022, one third February 28, 2023, February 28, 2025 12.5% 200% During the three May 31, 2023, three May 31, 2022. five six May 31, 2023,

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 10 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. The weighted-average number of shares outstanding used in the computation of diluted earnings per share does not three May 31, 2023, three May 31, 2022,

Note 11 - Leasing Arrangements

Note 11 - Leasing Arrangements	3 Months Ended
	May 31, 2023
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 franchised 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 in support of its production operations. Expense associated with trucking and warehouse leases is included in cost of sales on the consolidated statements of operations. The Company accounts for payments related to lease liabilities on a straight-line basis over the lease term. As of May 31, 2023 2022, The lease liability reflects the present value of the Company’s estimated future minimum lease payments over the life of its leases. This includes known escalations and renewal option periods reasonably assured of being exercised. Typically, renewal options are considered reasonably assured of being exercised if the sales performance of the location remains strong. Therefore, the Right of Use Asset and Lease Liability include an assumption on renewal options that have not not not not May 31, 2023. As of May 31, 2023, FYE 24 $ 592,956 FYE 25 611,988 FYE 26 514,346 FYE 27 242,558 FYE 28 71,671 Thereafter 390,451 Total $ 2,423,970 Less: imputed interest (187,114 ) Present value of lease liabilities: $ 2,236,856 Weighted average lease term 5.4 During the three May 31, 2023 2022

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 Employment Agreement Payments upon a Change in Control The Company has entered into employment agreements with certain of our current executives which contain, among other things, "change in control" severance provisions. Robert J. Sarlls The employment agreement of Robert J. Sarlls, the Company’s Chief Executive Officer, provides for the following upon “change in control:” if Mr. Sarlls’ employment is involuntarily terminated without cause or if he resigns for good reason on or within 2 15 15 1.409A 3 5 A. Allen Arroyo The employment agreement of A. Allen Arroyo, the Company’s Chief Financial Officer, provides for the following upon “change in control:” If Mr. Arroyo’s employment is involuntarily terminated without cause or if he resigns for good reason on or within 2 9 9 1.409A 3 5 Retirement agreement Gregory L. Pope, Sr. On May 8, 2023, May 3, 2023 ( December 31, 2023, November 2023, ( not May 31, 2023, Purchase contracts The Company frequently enters into purchase contracts of between six eighteen may may may May 31, 2023, not Litigation From time to time, the Company is involved in litigation relating to claims arising out of its operations. The Company records accruals for outstanding legal matters when it believes it is probable that a loss will be incurred and the amount can be reasonably estimated. At May 31, 2023, not

Note 13 - Operating Segments

Note 13 - Operating Segments	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 13 The Company classifies its business interests into four reportable segments: Franchising, Production, Retail Stores, and Other, which is the basis upon which the Company’s chief operating decision maker evaluates the Company’s performance. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 Three Months Ended May 31, 2023 Franchising Production Retail Other Total Total revenues $ 1,420,432 $ 5,017,053 $ 191,972 $ - $ 6,629,457 Intersegment revenues (494 ) (192,978 ) - - (193,472 ) Revenue from external customers 1,419,938 4,824,075 191,972 - 6,435,985 Segment profit (loss) 380,851 47,346 5,606 (1,961,070 ) (1,527,267 ) Total assets 992,672 9,153,027 434,067 10,219,196 20,798,962 Capital expenditures - 510,752 2,350 36,432 549,534 Total depreciation & amortization $ 7,942 $ 172,060 $ 1,490 $ 20,593 $ 202,085 Three Months Ended May 31, 2022 Franchising Production Retail Other Total Total revenues $ 1,495,454 $ 5,404,278 $ 250,410 $ - $ 7,150,142 Intersegment revenues (1,276 ) (246,668 ) - - (247,944 ) Revenue from external customers 1,494,178 5,157,610 250,410 - 6,902,198 Segment profit (loss) 707,096 608,232 (12,232 ) (1,618,049 ) (314,953 ) Total assets 1,201,855 10,751,227 637,637 14,900,872 27,491,591 Capital expenditures 1,182 249,315 317 10,071 260,885 Total depreciation & amortization $ 8,919 $ 161,188 $ 1,412 $ 17,374 $ 188,893

Note 14 - Contested Solicitatio

Note 14 - Contested Solicitation Of Proxies	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Contested Solicitation Of Proxies and Change In Control Payments [Text Block]	NOTE 14 Contested Solicitation of Proxies During the three May 31, 2022, 2022 three May 31, 2022, three May 31, 2023.

Note 15 - Income Taxes

Note 15 - Income Taxes	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 15 The Company provides for income taxes pursuant to the liability method. The liability method requires recognition of deferred income taxes based on temporary differences between financial reporting and income tax basis of assets and liabilities, using current enacted income tax rates and regulations. These differences will result in taxable income or deductions in future years when the reported amount of the asset or liability is recovered or settled, respectively. Considerable judgment is required in determining when these events may not. Realization of the Company's deferred tax assets is dependent upon the Company generating sufficient taxable income, in the appropriate tax jurisdictions, in future years, to obtain benefit from the reversal of net deductible temporary differences. The amount of deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income are changed. A valuation allowance to reduce the carrying amount of deferred income tax assets is established when it is more likely than not not not . During the fiscal year ended February 28, 2023, 2022 no not May 31, 2023,

Note 16 - Discontinued Operatio

Note 16 - Discontinued Operations	3 Months Ended
	May 31, 2023
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 16 On February 24, 2023 May 1, 2023, 1 three 2 May 1, 2023 May 1, 2023, three The following table discloses the results of operations of the businesses reported as discontinued operations for the three May 31, 2023 2022: FOR THE THREE MONTHS ENDED MAY 31, 2023 2022 Total Revenue $ 212,242 $ 924,374 Cost of sales - 197,134 Operating Expenses 143,198 558,983 Gain on disposal of assets (634,790 ) - Other income (expense), net - - Earnings (loss) from discontinued operations before income taxes 703,834 168,257 Income tax provision (benefit) - (2,569 ) Earnings (loss) from discontinued operations, net of tax $ 703,834 $ 170,826 The following table reflects the summary of assets and liabilities held for sale for U-Swirl as of May 31, 2023 February 28, 2023, May 31, February 28, 2023 2023 Accounts and notes receivable, net $ - $ 75,914 Inventory, net - 6,067 Other - 1,023 Current assets held for sale - 83,004 Franchise rights, net - 1,708,336 Intangible assets, net - 48,095 Other - 9,415 Long-term assets held for sale - 1,765,846 Total Assets Held for Sale - 1,848,850 Accounts payable - 125,802 Accrued compensation - 11,205 Accrued liabilities - 11,981 Contract liabilities - 29,951 Current liabilities held for sale - 178,939 Contract liabilities, less current portion - 184,142 Long term liabilities held for sale - 184,142 Total Liabilities Held for Sale $ - $ 363,081 The following table summarizes the gain recognized during the three May 31, 2023 May 1, 2023, Cash proceeds from the sale of assets $ 1,748,500 Accounts receivable 9,238 Notes receivable 1,000,000 Total consideration received 2,757,738 Assets and liabilities transferred Franchise rights 1,703,325 Inventory 6,067 Liabilities (229,431 ) Net assets transferred 1,479,961 Costs associated with the sale of assets 642,987 Gain on disposal of assets $ 634,790

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Number of Stores [Table Text Block]	Stores Open at 2/28/2023 Opened Closed Stores Open at 5/31/2023 Sold, Not Yet Open Total Rocky Mountain Chocolate Factory Company-owned stores 1 - - 1 - 1 Franchise stores - Domestic stores and kiosks 153 2 (3 ) 152 5 157 International license stores 4 - - 4 - 4 Cold Stone Creamery - co-branded 101 1 - 102 - 102 U-Swirl - co-branded 10 1 - 11 - 11 Total 269 270 5 275

Note 2 - Supplemental Cash Fl_2

Note 2 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended May 31, 2023 2022 Cash paid (received) for: Interest $ - $ - Income taxes (35,563 ) (316,937 ) Supplemental disclosure of non‑cash investing activities Sale of assets in exchange for note receivable $ 1,000,000 $ -

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Three Months Ended May 31: 2023 2022 Contract liabilities at the beginning of the year: $ 943,415 $ 962,572 Revenue recognized (44,956 ) (53,853 ) Contract fees received 35,499 27,500 Contract liabilities at the end of the period: $ 933,958 $ 936,219
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	FYE 24 $ 139,045 FYE 25 148,744 FYE 26 136,026 FYE 27 122,907 FYE 28 95,390 Thereafter 291,846 Total $ 933,958

Note 4 - Disaggregation of Re_2

Note 4 - Disaggregation of Revenue (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Franchising Production Retail Total Franchise fees $ 44,956 $ - $ - $ 44,956 Franchising Production Retail Total Durango Product Sales - 4,824,075 - 4,824,075 Retail sales - - 191,972 191,972 Royalty and marketing fees 1,374,982 - - 1,374,982 Total $ 1,419,938 $ 4,824,075 $ 191,972 $ 6,435,985 Franchising Production Retail Total Franchise fees $ 53,853 $ - $ - $ 53,853 Franchising Production Retail Total Durango Product Sales - 5,157,610 - 5,157,610 Retail sales - - 250,410 250,410 Royalty and marketing fees 1,440,325 - - 1,440,325 Total $ 1,494,178 $ 5,157,610 $ 250,410 $ 6,902,198

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	May 31, 2023 February 28, 2023 Ingredients and supplies $ 1,939,525 $ 2,481,510 Finished candy 1,080,050 1,567,887 Reserve for slow moving inventory (299,014 ) (409,617 ) Total inventories $ 2,720,561 $ 3,639,780

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment, Net (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	May 31, 2023 February 28, 2023 Land $ 513,618 $ 513,618 Building 5,105,086 5,151,886 Machinery and equipment 10,640,450 10,152,211 Furniture and fixtures 514,764 512,172 Leasehold improvements 134,010 134,010 Transportation equipment 392,066 476,376 17,299,994 16,940,273 Less accumulated depreciation (11,240,620 ) (11,229,534 ) Property and equipment, net $ 6,059,374 $ 5,710,739

Note 7 - Goodwill and Intangi_2

Note 7 - Goodwill and Intangible Assets (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	May 31, 2023 February 28, 2023 Amortization Period (in years) Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Intangible assets subject to amortization Store design 10 $ 394,826 $ 264,040 $ 394,826 $ 259,314 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 - 20 259,339 131,424 259,339 128,924 Total 1,205,968 947,267 1,205,968 940,041 Goodwill and intangible assets not subject to amortization Franchising segment- Company stores goodwill $ 360,972 $ 360,972 Franchising goodwill 97,318 97,318 Production segment-goodwill 97,318 97,318 Trademark 20,000 20,000 Total 575,608 575,608 Total Goodwill and Intangible Assets $ 1,781,576 $ 947,267 $ 1,781,576 $ 940,041
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	FYE 24 $ 20,804 FYE 25 27,405 FYE 26 27,405 FYE 27 27,405 FYE 28 27,405 Thereafter 128,277 Total $ 258,701

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Three Months Ended May 31, 2023 2022 Outstanding non-vested restricted stock units as of February 28 or 29: 154,131 105,978 Granted 6,338 55,336 Vested (33,027 ) (27,326 ) Cancelled/forfeited (1,000 ) - Outstanding non-vested restricted stock units as of May 31: 126,442 133,988 Weighted average grant date fair value $ 4.35 $ 6.65 Weighted average remaining vesting period (in years) 1.53 2.36
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Three Months Ended May 31, 2023 2022 Outstanding stock options as of February 28: 36,144 - Granted - 27,668 Exercised - - Cancelled/forfeited - - Outstanding stock options as of May 31: 36,144 27,668 Weighted average exercise price 6.49 6.38 Weighted average remaining contractual term (in years) 9.01 9.95

Note 11 - Leasing Arrangements

Note 11 - Leasing Arrangements (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	FYE 24 $ 592,956 FYE 25 611,988 FYE 26 514,346 FYE 27 242,558 FYE 28 71,671 Thereafter 390,451 Total $ 2,423,970 Less: imputed interest (187,114 ) Present value of lease liabilities: $ 2,236,856 Weighted average lease term 5.4

Note 13 - Operating Segments (T

Note 13 - Operating Segments (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended May 31, 2023 Franchising Production Retail Other Total Total revenues $ 1,420,432 $ 5,017,053 $ 191,972 $ - $ 6,629,457 Intersegment revenues (494 ) (192,978 ) - - (193,472 ) Revenue from external customers 1,419,938 4,824,075 191,972 - 6,435,985 Segment profit (loss) 380,851 47,346 5,606 (1,961,070 ) (1,527,267 ) Total assets 992,672 9,153,027 434,067 10,219,196 20,798,962 Capital expenditures - 510,752 2,350 36,432 549,534 Total depreciation & amortization $ 7,942 $ 172,060 $ 1,490 $ 20,593 $ 202,085 Three Months Ended May 31, 2022 Franchising Production Retail Other Total Total revenues $ 1,495,454 $ 5,404,278 $ 250,410 $ - $ 7,150,142 Intersegment revenues (1,276 ) (246,668 ) - - (247,944 ) Revenue from external customers 1,494,178 5,157,610 250,410 - 6,902,198 Segment profit (loss) 707,096 608,232 (12,232 ) (1,618,049 ) (314,953 ) Total assets 1,201,855 10,751,227 637,637 14,900,872 27,491,591 Capital expenditures 1,182 249,315 317 10,071 260,885 Total depreciation & amortization $ 8,919 $ 161,188 $ 1,412 $ 17,374 $ 188,893

Note 16 - Discontinued Operat_2

Note 16 - Discontinued Operations (Tables)	3 Months Ended
	May 31, 2023
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	FOR THE THREE MONTHS ENDED MAY 31, 2023 2022 Total Revenue $ 212,242 $ 924,374 Cost of sales - 197,134 Operating Expenses 143,198 558,983 Gain on disposal of assets (634,790 ) - Other income (expense), net - - Earnings (loss) from discontinued operations before income taxes 703,834 168,257 Income tax provision (benefit) - (2,569 ) Earnings (loss) from discontinued operations, net of tax $ 703,834 $ 170,826 May 31, February 28, 2023 2023 Accounts and notes receivable, net $ - $ 75,914 Inventory, net - 6,067 Other - 1,023 Current assets held for sale - 83,004 Franchise rights, net - 1,708,336 Intangible assets, net - 48,095 Other - 9,415 Long-term assets held for sale - 1,765,846 Total Assets Held for Sale - 1,848,850 Accounts payable - 125,802 Accrued compensation - 11,205 Accrued liabilities - 11,981 Contract liabilities - 29,951 Current liabilities held for sale - 178,939 Contract liabilities, less current portion - 184,142 Long term liabilities held for sale - 184,142 Total Liabilities Held for Sale $ - $ 363,081 Cash proceeds from the sale of assets $ 1,748,500 Accounts receivable 9,238 Notes receivable 1,000,000 Total consideration received 2,757,738 Assets and liabilities transferred Franchise rights 1,703,325 Inventory 6,067 Liabilities (229,431 ) Net assets transferred 1,479,961 Costs associated with the sale of assets 642,987 Gain on disposal of assets $ 634,790

Note 1 - Nature of Operations_3

Note 1 - Nature of Operations and Basis of Presentation - Number of Stores (Details)	May 31, 2023
Stores Opened at 2/28/2022 [Member]
Number of stores	269
Number of stores	(269)
Sold [Member]
Number of stores	270
Number of stores	(270)
Stores Opened at 2/28/23 [Member]
Number of stores	5
Number of stores	(5)
Sold Not Yet Open [Member]
Number of stores	275
Number of stores	(275)
Company Owned Stores [Member] | Stores Opened at 2/28/2022 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	1
Number of stores	(1)
Company Owned Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
Company Owned Stores [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
Company Owned Stores [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	1
Number of stores	(1)
Company Owned Stores [Member] | Stores Opened at 2/28/23 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
Company Owned Stores [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	1
Number of stores	(1)
Franchise Stores - Domestic Stores and Kiosks [Member] | Stores Opened at 2/28/2022 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	153
Number of stores	(153)
Franchise Stores - Domestic Stores and Kiosks [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	2
Number of stores	(2)
Franchise Stores - Domestic Stores and Kiosks [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	3
Number of stores	(3)
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	152
Number of stores	(152)
Franchise Stores - Domestic Stores and Kiosks [Member] | Stores Opened at 2/28/23 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	5
Number of stores	(5)
Franchise Stores - Domestic Stores and Kiosks [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	157
Number of stores	(157)
International License Stores [Member] | Stores Opened at 2/28/2022 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	4
Number of stores	(4)
International License Stores [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
International License Stores [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
International License Stores [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	4
Number of stores	(4)
International License Stores [Member] | Stores Opened at 2/28/23 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
International License Stores [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	4
Number of stores	(4)
Cold Stone Creamery - Co-Branded [Member] | Stores Opened at 2/28/2022 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	101
Number of stores	(101)
Cold Stone Creamery - Co-Branded [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	1
Number of stores	(1)
Cold Stone Creamery - Co-Branded [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
Cold Stone Creamery - Co-Branded [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	102
Number of stores	(102)
Cold Stone Creamery - Co-Branded [Member] | Stores Opened at 2/28/23 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
Cold Stone Creamery - Co-Branded [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	102
Number of stores	(102)
USwirl Inc [Member] | Stores Opened at 2/28/2022 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	10
Number of stores	(10)
USwirl Inc [Member] | Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	1
Number of stores	(1)
USwirl Inc [Member] | Closed [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
USwirl Inc [Member] | Sold [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	11
Number of stores	(11)
USwirl Inc [Member] | Stores Opened at 2/28/23 [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	0
Number of stores	0
USwirl Inc [Member] | Sold Not Yet Open [Member] | Rocky Mountain Chocolate Factory [Member]
Number of stores	11
Number of stores	(11)

Note 2 - Supplemental Cash Fl_3

Note 2 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Cash paid (received) for:
Interest	$ 0	$ 0
Income taxes	(35,563)	(316,937)
Supplemental disclosure of non-cash investing activities
Sale of assets in exchange for note receivable	$ 1,000,000	$ 0

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts With Customers (Details Textual)	3 Months Ended
	May 31, 2023
Customers Contracts, Term (Year)	10 years
Maximum [Member]
Customers Contracts, Term (Year)	20 years
Minimum [Member]
Franchise Agreement, Term (Year)	10 years

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers - Contract Liabilities (Details) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Contract liabilities at the beginning of the year:	$ 943,415	$ 962,572
Revenue recognized	(44,956)	(53,853)
Contract fees received	35,499	27,500
Contract liabilities at the end of the period:	$ 933,958	$ 936,219

Note 3 - Revenue From Contrac_5

Note 3 - Revenue From Contracts With Customers - Remaining Performance Obligation (Details)	May 31, 2023 USD ($)
Revenue, remaining performance obligation, amount	$ 933,958

Note 3 - Revenue From Contrac_6

Note 3 - Revenue From Contracts With Customers - Remaining Performance Obligation 2 (Details)	May 31, 2023 USD ($)
Revenue, remaining performance obligation, amount	$ 933,958
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-06-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 139,045
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 148,744
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 136,026
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 122,907
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 95,390
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-03-01
Revenue, remaining performance obligation, period (Year)	1 year
Revenue, remaining performance obligation, amount	$ 291,846

Note 4 - Disaggregation of Re_3

Note 4 - Disaggregation of Revenue - Disaggregation of Revenue (Details) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Revenues	$ 6,435,985	$ 6,902,198
Franchising [Member]
Revenues	1,419,938	1,494,178
Retail Segment [Member]
Revenues	191,972	250,410
Transferred at Point in Time [Member] | Franchising [Member]
Revenues	1,419,938	1,494,178
Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues	4,824,075	5,157,610
Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues	191,972	250,410
Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	6,435,985	6,902,198
Franchise Fees [Member] | Transferred over Time [Member] | Franchising [Member]
Revenues	44,956	53,853
Franchise Fees [Member] | Transferred over Time [Member] | Manufacturing [Member]
Revenues	0	0
Franchise Fees [Member] | Transferred over Time [Member] | Retail Segment [Member]
Revenues	0	0
Franchise Fees [Member] | Transferred over Time [Member] | USwirl Inc [Member]
Revenues	44,956	53,853
Factory Sales [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues	0	0
Factory Sales [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues	4,824,075	5,157,610
Factory Sales [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues	0	0
Factory Sales [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	4,824,075	5,157,610
Retail [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues	0	0
Retail [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues	0	0
Retail [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues	191,972	250,410
Retail [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	191,972	250,410
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Franchising [Member]
Revenues	1,374,982	1,440,325
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Manufacturing [Member]
Revenues	0	0
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | Retail Segment [Member]
Revenues	0	0
Royalty and Marketing Fees [Member] | Transferred at Point in Time [Member] | USwirl Inc [Member]
Revenues	$ 1,374,982	$ 1,440,325

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($)	May 31, 2023	Feb. 28, 2023
Ingredients and supplies	$ 1,939,525	$ 2,481,510
Finished candy	1,080,050	1,567,887
Reserve for slow moving inventory	(299,014)	(409,617)
Total inventories	$ 2,720,561	$ 3,639,780

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Depreciation	$ 194,859	$ 181,667

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	May 31, 2023	Feb. 28, 2023
Property, plant and equipment, gross	$ 17,299,994	$ 16,940,273
Less accumulated depreciation	(11,240,620)	(11,229,534)
Property and equipment, net	6,059,374	5,710,739
Land [Member]
Property, plant and equipment, gross	513,618	513,618
Building [Member]
Property, plant and equipment, gross	5,105,086	5,151,886
Machinery and Equipment [Member]
Property, plant and equipment, gross	10,640,450	10,152,211
Furniture and Fixtures [Member]
Property, plant and equipment, gross	514,764	512,172
Leasehold Improvements [Member]
Property, plant and equipment, gross	134,010	134,010
Transportation Equipment [Member]
Property, plant and equipment, gross	$ 392,066	$ 476,376

Note 7 - Goodwill and Intangi_3

Note 7 - Goodwill and Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Amortization of Intangible Assets	$ 7,226	$ 7,226

Note 7 - Goodwill and Intangi_4

Note 7 - Goodwill and Intangible Assets - Indefinite-lived Intangible Assets (Details) - USD ($)	May 31, 2023	Feb. 28, 2023
Intangible assets subject to amortization, gross carrying value	$ 1,205,968	$ 1,205,968
Intangible assets subject to amortization, accumulated amortization	947,267	940,041
Intangible assets not subject to amortization, gross carrying value	575,608	575,608
Total Goodwill and Intangible Assets	1,781,576	1,781,576
Total Goodwill and Intangible Assets	947,267	940,041
Company Stores Goodwill [Member]
Intangible assets not subject to amortization, gross carrying value	360,972	360,972
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	$ 394,826	394,826
Intangible assets subject to amortization, accumulated amortization	264,040	259,314
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	259,339	259,339
Intangible assets subject to amortization, accumulated amortization	$ 131,424	$ 128,924
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

Note 7 - Goodwill and Intangi_5

Note 7 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)	May 31, 2023 USD ($)
FYE 24	$ 20,804
FYE 25	27,405
FYE 26	27,405
FYE 27	27,405
FYE 28	27,405
Thereafter	128,277
Total	$ 258,701

Note 8 - Line of Credit (Detail

Note 8 - Line of Credit (Details Textual) - Wells Fargo Bank [Member] - Line of Credit [Member] - USD ($) $ in Millions	3 Months Ended
	May 31, 2023	Feb. 28, 2023
Long-term Line of Credit, Total	$ 5
Line of Credit Facility, Remaining Borrowing Capacity	$ 5
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	2.37%
Debt Instrument, Interest Rate, Stated Percentage	7.45%	6.92%

Note 9 - Stockholders' Equity_2

Note 9 - Stockholders' Equity (Details Textual) - USD ($)		3 Months Ended
	Dec. 20, 2019	May 31, 2023	May 31, 2022
Share-Based Payment Arrangement, Expense		$ 201,634	$ 131,597
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		0	27,668
Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			27,668
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Aggregate Grant Date Fair Value			$ 58,213
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 2.10
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		6,338	55,336
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 4.35	$ 6.65
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 450,173
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		1 year 6 months 10 days
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		6,338
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Aggregate Grant Date Fair Value		$ 32,070
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | Vesting on the Grant Date [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		25%
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Nonemployee [Member] | Vesting on Last Day of Each Quarter Thereafter [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		25%
Performance Shares [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			55,336
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Aggregate Grant Date Fair Value			$ 168,304
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 6.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Shares, Targert Number, Percentage			12.50%
Performance Shares [Member] | Vesting on Last Day of Each Quarter Thereafter [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			33.33%
Performance Shares [Member] | Vesting on Last Day of Current Fiscal Year Ending [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			33.33%
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		6 years
Maximum [Member] | Performance Shares [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Shares, Targert Number, Percentage			200%
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		5 years
Minimum [Member] | Performance Shares [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Shares, Targert Number, Percentage			0%
Warrant to Purchase Common Stock [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 8.76
Certain Revenue Thresholds, Cumulative Basis Connection with Performance Basis (Year)	5 years
Warrants and Rights Outstanding, Term (Month)	6 months
Warrant to Purchase Common Stock [Member] | Maximum [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	960,677

Note 9 - Stockholders' Equity -

Note 9 - Stockholders' Equity - Restricted Stock Unit Awards Outstanding Under the Plans (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended
	May 31, 2023	May 31, 2022
Outstanding non-vested restricted stock units as of February 28 or 29: (in shares)	154,131	105,978
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	6,338	55,336
Vested (in shares)	(33,027)	(27,326)
Cancelled/forfeited (in shares)	(1,000)	0
Outstanding non-vested restricted stock units as of May 31: (in shares)	126,442	133,988
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.35	$ 6.65
Weighted average remaining vesting period (Year)	1 year 6 months 10 days	2 years 4 months 9 days

Note 9 - Stockholders' Equity_3

Note 9 - Stockholders' Equity - Stock Option Activity (Details) - $ / shares	3 Months Ended
	May 31, 2023	May 31, 2022
Outstanding stock options as of February 28: (in shares)	36,144	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	27,668
Exercised (in shares)	0	0
Cancelled/forfeited (in shares)	0	0
Outstanding stock options as of May 31: (in shares)	36,144	27,668
Weighted average exercise price (in dollars per share)	$ 6.49	$ 6.38
Weighted average remaining contractual term (in years) (Year)	9 years 3 days	9 years 11 months 12 days

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	May 31, 2023	May 31, 2022
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	960,677	960,677
Share-Based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	137,232	137,082

Note 11 - Leasing Arrangement_2

Note 11 - Leasing Arrangements (Details Textual) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Operating Lease, Expense	$ 155,422	$ 190,108
Operating Lease, Weighted Average Discount Rate, Percent	3.40%
Lessee, Operating Lease, Liability, to be Paid	$ 2,423,970
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 46,250	$ 502,894
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Lessee, Operating Lease, Renewal Term (Year)	10 years
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	5 years

Note 11 - Leasing Arrangement_3

Note 11 - Leasing Arrangements - Maturities of Lease Liabilities for Operating Leases (Details)	May 31, 2023 USD ($)
FYE 24	$ 592,956
FYE 25	611,988
FYE 26	514,346
FYE 27	242,558
FYE 28	71,671
Thereafter	390,451
Total	2,423,970
Less: imputed interest	(187,114)
Present value of lease liabilities:	$ 2,236,856
Weighted average lease term (Year)	5 years 4 months 24 days

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Details Textual)		3 Months Ended
	May 08, 2023 USD ($) shares	May 31, 2023 USD ($)
Contractual Obligation		$ 548,000
Maximum [Member]
Purchase Contracts, Term (Month)		18 months
Minimum [Member]
Purchase Contracts, Term (Month)		6 months
Former Senior Vice President of Franchise Development [Member]
Monthly Consulting Fee	$ 22,000
Deferred Compensation Arrangement with Individual, Recorded Liability		$ 345,124
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares) | shares	8,332
Former Senior Vice President of Franchise Development [Member] | Retirement Bonus [Member]
Retirement Bonus, Number of Bi-weekly Payments	26
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 12,500
Former Senior Vice President of Franchise Development [Member] | COBRA Payments [Member]
COBRA Payments, Period After Retirement (Month)	18 months
Former Senior Vice President of Franchise Development [Member] | COBRA Payments [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Accelerated Vesting, Number (in shares) | shares	7,500

Note 13 - Operating Segments (D

Note 13 - Operating Segments (Details Textual)	3 Months Ended
	May 31, 2023
Number of Reportable Segments	4

Note 13 - Operating Segments -

Note 13 - Operating Segments - Segment Information (Details) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022	Feb. 28, 2023
Revenues	$ 6,435,985	$ 6,902,198
Segment profit (loss)	(1,527,267)	(314,953)
Total assets	20,798,962		$ 21,986,827
Capital expenditures	549,534	260,885
Total depreciation and amortization	202,085	188,893
Franchising [Member]
Revenues	1,419,938	1,494,178
Segment profit (loss)	380,851	707,096
Total assets	992,672	1,201,855
Capital expenditures	0	1,182
Total depreciation and amortization	7,942	8,919
Production [Member]
Revenues	4,824,075	5,157,610
Segment profit (loss)	47,346	608,232
Total assets	9,153,027	10,751,227
Capital expenditures	510,752	249,315
Total depreciation and amortization	172,060	161,188
Retail Segment [Member]
Revenues	191,972	250,410
Segment profit (loss)	5,606	(12,232)
Total assets	434,067	637,637
Capital expenditures	2,350	317
Total depreciation and amortization	1,490	1,412
U-Swirl Segment [Member]
Revenues	0	0
Segment profit (loss)	(1,961,070)	(1,618,049)
Total assets	10,219,196	14,900,872
Capital expenditures	36,432	10,071
Total depreciation and amortization	20,593	17,374
Other Segments [Member]
Revenues	6,435,985	6,902,198
Segment profit (loss)	(1,527,267)	(314,953)
Total assets	20,798,962	27,491,591
Capital expenditures	549,534	260,885
Total depreciation and amortization	202,085	188,893
Operating Segments [Member] | Franchising [Member]
Revenues	1,420,432	1,495,454
Operating Segments [Member] | Production [Member]
Revenues	5,017,053	5,404,278
Operating Segments [Member] | Retail Segment [Member]
Revenues	191,972	250,410
Operating Segments [Member] | U-Swirl Segment [Member]
Revenues	0	0
Operating Segments [Member] | Other Segments [Member]
Revenues	6,629,457	7,150,142
Intersegment Eliminations [Member] | Franchising [Member]
Revenues	(494)	(1,276)
Intersegment Eliminations [Member] | Production [Member]
Revenues	(192,978)	(246,668)
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	$ (193,472)	$ (247,944)

Note 14 - Contested Solicitat_2

Note 14 - Contested Solicitation Of Proxies (Details Textual) - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Contested Solicitation of Proxies [Member]
Litigation Settlement, Expense	$ 0	$ 305,000

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) $ in Millions	May 31, 2023 USD ($)
Deferred Tax Assets, Gross	$ 2

Note 16 - Discontinued Operat_3

Note 16 - Discontinued Operations (Details Textual) - USwirl Inc [Member] - Discontinued Operations, Disposed of by Sale [Member]	May 01, 2023 USD ($)
Disposal Group, Including Discontinued Operation, Consideration	$ 2,757,738
Proceeds from Sale of Productive Assets	1,748,500
Financing Receivable, before Allowance for Credit Loss	$ 1,000,000
Notes Receivable, Term (Year)	3 years

Note 16 - Discontinued Operat_4

Note 16 - Discontinued Operations - Discontinued Operations (Details) - USD ($)		3 Months Ended
	May 01, 2023	May 31, 2023	May 31, 2022	Feb. 28, 2023
Current assets held for sale		$ 0		$ 83,004
Long-term assets held for sale		0		1,765,846
Current liabilities held for sale		0		178,939
Long term liabilities held for sale		0		184,142
Gain on disposal of assets		634,790	$ 0
USwirl Inc [Member]
Total Revenue		212,242	924,374
Cost of sales		0	197,134
Operating Expenses		143,198	558,983
Gain on disposal of assets		(634,790)	0
Other income (expense), net		0	0
Earnings (loss) from discontinued operations before income taxes		703,834	168,257
Income tax provision (benefit)		0	(2,569)
Earnings (loss) from discontinued operations, net of tax		703,834	$ 170,826
Accounts and notes receivable, net		0		75,914
Inventory, net		0		6,067
Other		0		1,023
Current assets held for sale		0		83,004
Franchise rights, net		0		1,708,336
Intangible assets, net		0		48,095
Other		0		9,415
Long-term assets held for sale		0		1,765,846
Total Assets Held for Sale		0		1,848,850
Accounts payable		0		125,802
Accrued compensation		0		11,205
Accrued liabilities		0		11,981
Contract liabilities		0		29,951
Current liabilities held for sale		0		178,939
Contract liabilities, less current portion		0		184,142
Long term liabilities held for sale		0		184,142
Total Liabilities Held for Sale		0		363,081
Liabilities		$ 0		$ (363,081)
USwirl Inc [Member] | Discontinued Operations, Disposed of by Sale [Member]
Total Liabilities Held for Sale	$ 229,431
Proceeds from Sale of Productive Assets	1,748,500
Accounts receivable	9,238
Financing Receivable, before Allowance for Credit Loss	1,000,000
Disposal Group, Including Discontinued Operation, Consideration	2,757,738
Franchise rights	1,703,325
Inventory	6,067
Liabilities	(229,431)
Net assets transferred	1,479,961
Costs associated with the sale of assets	642,987
Gain on disposal of assets	$ 634,790