Goodwill and Intangible Assets

12 Months Ended

Feb. 28, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following at February 28:


					2026					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		$	954	$	(321	)	$	395	$	(295	)
Trademark/Non-competition agreements		5	-	20		250		(150	)		259		(149	)
Total						1,204		(471	)		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					$	1,780	$	(471	)	$	1,230	$	(444	)

There was no change to goodwill during the fiscal years ended February 28, 2026 and February 28, 2025.

Amortization expense related to intangible assets totaled $37 thousand, $27 thousand and $28 thousand during the fiscal years ended February 28, 2026, February 28, 2025 and February 29, 2024, respectively.

At February 28, 2026, 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):


2027	$	83
2028		83
2029		83
2030		83
2031		79
Thereafter		322
Total	$	733