Goodwill and Intangible Assets

3 Months Ended

May 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following at May 31, 2026 and February 28, 2026:


					May 31, 2026					February 28, 2026
($'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	$	(340	)	$	954	$	(321	)
Trademark/Non-competition agreements		5	-	20		250		(152	)		250		(150	)
Total						1,204		(492	)		1,204		(471	)
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	$	(492	)	$	1,780	$	(471	)

Amortization expense related to intangible assets totaled approximately $21 thousand and $7 thousand during the three months ended May 31, 2026 and 2025, respectively.

At May 31, 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	$	62
2028		83
2029		83
2030		83
2031		79
Thereafter		322
Total	$	712