Goodwill and Intangible Assets

6 Months Ended

Aug. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets at August 31, 2026 and February 28, 2026 consisted of the following:


					August 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	$	(358	)	$	954	$	(321	)
Trademark/non-competition agreements		5	-	20		250		(155	)		250		(150	)
Total					$	1,204	$	(513	)	$	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	$	(513	)	$	1,780	$	(471	)

Amortization expense related to intangible assets totaled $21 thousand and $42 thousand during the three and six months ended August 31, 2026 compared to approximately $7 thousand and $14 thousand during the three and six months ended August 31, 2025, respectively.

At August 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):


FYE 2027	$	42
FYE 2028		83
FYE 2029		83
FYE 2030		83
FYE 2031		79
Thereafter		321
Total	$	691