• Filing Date: 2019-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.19.2
Note 8 - Goodwill and Intangible Assets (Tables)
3 Months Ended
May 31, 2019
Notes Tables  
Schedule of Intangible Assets and Goodwill [Table Text Block]
             
May 31, 2019
   
February 28, 2019
 
   
Amortization
Period (in years)
   
Gross Carrying
Value
   
Accumulated
Amortization
   
Gross Carrying
Value
   
Accumulated
Amortization
 
Intangible assets subject to amortization
                                         
Store design
 
 
10
 
    $
220,778
    $
214,527
    $
220,778
    $
214,152
 
Packaging licenses
 
 3
-
5
     
120,830
     
120,830
     
120,830
     
120,830
 
Packaging design
 
 
10
 
     
430,973
     
430,973
     
430,973
     
430,973
 
Trademark/Non-competition agreements
 
 5
-
20
     
715,339
     
241,989
     
715,339
     
223,628
 
Franchise rights
 
 
20
 
     
5,979,637
     
2,458,525
     
5,979,637
     
2,300,717
 
Total
 
 
 
 
     
7,467,557
     
3,466,844
     
7,467,557
     
3,290,300
 
Intangible assets not subject to amortization
                                         
Franchising segment-
                                         
Company stores goodwill
 
 
 
 
    $
1,099,328
    $
267,020
    $
1,099,328
    $
267,020
 
Franchising goodwill
 
 
 
 
     
295,000
     
197,682
     
295,000
     
197,682
 
Manufacturing segment-goodwill
 
 
 
 
     
295,000
     
197,682
     
295,000
     
197,682
 
Trademark
 
 
 
 
     
20,000
     
-
     
20,000
     
-
 
Total goodwill
 
 
 
 
     
1,709,328
     
662,384
     
1,709,328
     
662,384
 
                                           
Total Intangible Assets
 
 
 
 
    $
9,176,885
    $
4,129,228
    $
9,176,885
    $
3,952,684
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
FYE 20
  $
529,632
 
FYE 21
   
594,229
 
FYE 22
   
490,060
 
FYE 23
   
411,607
 
FYE 24
   
345,642
 
Thereafter
   
1,629,543
 
Total
  $
4,000,713