Year Ended February 28,

2026

2025

Product revenues, net of discounts of Usborne products by division:

PaperPie division

$

9,069,700

$

12,282,100

% of total PaperPie Product revenues, net of discounts

49.7

%

43.5

%

Publishing division

-

% of total Publishing Product revenues, net of discounts

0.0

%

0.0

%

Total Product revenues, net of discounts of Usborne products

$

9,069,700

$

12,282,100

Purchases received by product type:

Usborne

$

567,900

$

230,100

% of total purchases received

28.3

%

9.3

%

All other product types

1,436,800

2,243,200

% of total purchases received

71.7

%

90.7

%

Total purchases received

$

2,004,700

$

2,473,300