• Filing Date: 2018-07-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Note 8 - Goodwill and Intangible Assets (Tables)
3 Months Ended
May 31, 2018
Notes Tables  
Schedule of Intangible Assets and Goodwill [Table Text Block]
               
May 31, 2018
   
February 28, 2018
 
   
Amortization
Period (in years)
   
Gross Carrying
Value
   
Accumulated
Amortization
   
Gross Carrying
Value
   
Accumulated
Amortization
 
Intangible assets subject to amortization
                                           
Store design
   
 
10
 
    $
220,778
    $
213,028
    $
220,778
    $
212,653
 
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
     
158,248
     
715,339
     
136,087
 
Franchise Rights
   
 
20
 
     
5,979,637
     
1,734,461
     
5,979,637
     
1,545,710
 
Total
   
 
 
 
    $
7,467,557
    $
2,657,540
    $
7,467,557
    $
2,446,253
 
Intangible assets not subject to amortization
                                           
Franchising segment-
                                           
Company stores goodwill
   
 
 
 
    $
1,099,328
    $
267,020
    $
1,099,328
    $
267,020
 
Franchising goodwill
   
 
 
 
     
295,000
     
197,682
     
295,000
     
197,682
 
Manufacturing segment-Goodwill
   
 
 
 
     
295,000
     
197,682
     
295,000
     
197,682
 
Trademark
   
 
 
 
     
20,000
     
-
     
20,000
     
-
 
Total
   
 
 
 
    $
1,709,328
    $
662,384
    $
1,709,328
    $
662,384
 
                                             
Total intangible assets
   
 
 
 
    $
9,176,885
    $
3,319,924
    $
9,176,885
    $
3,108,637
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
2019
  $
632,761
 
2020
   
706,177
 
2021
   
594,229
 
2022
   
490,060
 
2023
   
411,607
 
Thereafter
   
1,975,183
 
Total
  $
4,810,017