v3.25.2
Goodwill and Intangible Assets
3 Months Ended
May 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following at May 31, 2025 and February 28, 2025:

 

 

 

 

 

 

 

 

 

 

 

May 31, 2025

 

 

February 28, 2025

 

($'s in thousands)

 

Amortization Period (in Years)

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

Intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Store design

 

 

 

 

 

10

 

 

 

 

 

$

395

 

 

$

(300

)

 

$

395

 

 

$

(295

)

Trademark/Non-competition agreements

 

 

5

 

 

 

-

 

 

 

20

 

 

 

259

 

 

 

(151

)

 

 

259

 

 

 

(149

)

Total

 

 

 

 

 

 

 

 

 

 

 

654

 

 

 

(451

)

 

 

654

 

 

 

(444

)

Goodwill and intangible assets not subject to
   amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

 

 

 

 

 

 

 

 

 

$

362

 

 

 

 

 

$

362

 

 

 

 

Franchising

 

 

 

 

 

 

 

 

 

 

 

97

 

 

 

 

 

 

97

 

 

 

 

Manufacturing

 

 

 

 

 

 

 

 

 

 

 

97

 

 

 

 

 

 

97

 

 

 

 

Trademark

 

 

 

 

 

 

 

 

 

 

 

20

 

 

 

 

 

 

20

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

576

 

 

 

 

 

 

576

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Goodwill and Intangible Assets

 

 

 

 

 

 

 

 

 

 

$

1,230

 

 

$

(451

)

 

$

1,230

 

 

$

(444

)

 

Amortization expense related to intangible assets totaled approximately $7 thousand during the three months ended May 31, 2025 and 2024.

At May 31, 2025, annual amortization of intangible assets, based upon the Company’s existing intangible assets and current useful lives, is estimated to be the following (amounts in thousands):

 

FYE 2026

 

$

20

 

FYE 2027

 

 

27

 

FYE 2028

 

 

27

 

FYE 2029

 

 

27

 

FYE 2030

 

 

27

 

Thereafter

 

 

75

 

Total

 

$

203