Segment Reporting Disclosure [Text Block] |
NOTE 7 - OPERATING SEGMENTS The Company classifies its business interests into five reportable segments: Franchising, Manufacturing, Retail Stores, U-Swirl operations and Other. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10 -K for the year ended February 28, 2018. The Company evaluates performance and allocates resources based on operating contribution, which excludes unallocated corporate general and administrative costs and income tax expense or benefit. The Company’s reportable segments are strategic businesses that utilize common merchandising, distribution, and marketing functions, as well as common information systems and corporate administration. All inter-segment sales prices are market based. Each segment is managed separately because of the differences in required infrastructure and the differences in products and services: Three Months Ended May 31, 2018 | | Franchising | | | Manufacturing | | | Retail | | | U-Swirl | | | Other | | | Total | | Total revenues | | $ | 1,313,206 | | | $ | 5,870,514 | | | $ | 361,435 | | | $ | 1,133,254 | | | $ | - | | | $ | 8,678,409 | | Intersegment revenues | | | (1,035 | ) | | | (311,289 | ) | | | - | | | | - | | | | - | | | | (312,324 | ) | Revenue from external customers | | | 1,312,171 | | | | 5,559,225 | | | | 361,435 | | | | 1,133,254 | | | | - | | | | 8,366,085 | | Segment profit (loss) | | | 489,271 | | | | 1,169,335 | | | | (78,494 | ) | | | 135,155 | | | | (950,093 | ) | | | 765,174 | | Total assets | | | 1,058,006 | | | | 12,533,723 | | | | 1,054,367 | | | | 7,594,185 | | | | 5,897,814 | | | | 28,138,095 | | Capital expenditures | | | 3,529 | | | | 111,765 | | | | 2,071 | | | | 3,338 | | | | 9,869 | | | | 130,572 | | Total depreciation & amortization | | $ | 11,924 | | | $ | 141,028 | | | $ | 12,675 | | | $ | 244,051 | | | $ | 27,827 | | | $ | 437,505 | | Three Months Ended May 31, 2017 | | Franchising | | | Manufacturing | | | Retail | | | U-Swirl | | | Other | | | Total | | Total revenues | | $ | 1,606,485 | | | $ | 6,498,210 | | | $ | 362,027 | | | $ | 1,195,310 | | | $ | - | | | $ | 9,662,032 | | Intersegment revenues | | | (1,306 | ) | | | (314,279 | ) | | | - | | | | - | | | | - | | | | (315,585 | ) | Revenue from external customers | | | 1,605,179 | | | | 6,183,931 | | | | 362,027 | | | | 1,195,310 | | | | - | | | | 9,346,447 | | Segment profit (loss) | | | 762,689 | | | | 1,387,039 | | | | (36,431 | ) | | | 240,196 | | | | (1,087,590 | ) | | | 1,265,903 | | Total assets | | | 1,192,859 | | | | 11,490,941 | | | | 1,087,541 | | | | 9,508,948 | | | | 6,550,307 | | | | 29,830,596 | | Capital expenditures | | | - | | | | 49,060 | | | | 3,600 | | | | 2,616 | | | | 21,450 | | | | 76,726 | | Total depreciation & amortization | | $ | 11,392 | | | $ | 129,863 | | | $ | 3,827 | | | $ | 143,090 | | | $ | 32,378 | | | $ | 320,550 | | Revenue from one customer of the Company’s Manufacturing segment represented approximately $1.3 million, or 15.2 percent of the Company’s revenues from external customers during the three months ended May 31, 2018 compared to $1.9 million, or 20.3 percent of the Company’s revenues from external customers during the three months ended May 31, 2017.
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