XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

BUSINESS CONCENTRATION | 6 Months Ended
--- | ---
Aug. 31, 2025
Risks and Uncertainties [Abstract] |
Concentration Risk Disclosure [Text Block] | Note 7 – BUSINESS CONCENTRATION Significant portions of our inventory purchases are concentrated with an England-based publishing company, Usborne Publishing Limited (“Usborne”). During fiscal 2023, we entered into a new distribution agreement (“Agreement”) with Usborne. The Agreement includes annual minimum purchase volumes along with specific payment terms and letter of credit requirements, which if not met offer Usborne the right to terminate the Agreement on less than 30 days’ written notice. Should termination of the Agreement occur, the Company will be allowed to sell its remaining Usborne inventory for an agreed upon period, but not less than twelve months following the termination date. As of August 31, 2025, the Company did not meet the minimum purchase requirements and did not supply the letter of credit required under the Agreement, which offers Usborne the right to exercise their option to terminate the Agreement. Usborne has not notified the Company of termination of the Agreement. In addition, Usborne has refused to pay the $1.0 million volume rebate owed to the Company from purchases made during fiscal 2022. The Company is disputing the cancellation of the rebate but has not recognized any rebate due to its uncertainty. Additionally, under the terms in the Agreement, the Company no longer has the rights to distribute Usborne’s products to retail customers through our Publishing division. As a result, the Company discontinued selling Usborne products to retail customers in the first quarter of fiscal 2024. The following table summarizes Usborne product revenues, net of discounts, by division and inventory purchases by product type:
|  | Three Months Ended August 31, |  |  | Six Months Ended August 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Product revenues, net of discounts of Usborne products by division: |  |  |  |  |  |  |  |  |  |  |  |
PaperPie division |  | $ | 1,692,200 |  |  | $ | 1,848,000 |  |  | $ | 4,231,300 |  |  | $ | 5,561,600 |
% of total PaperPie Product revenues, net of discounts |  |  | 48.2 | % |  |  | 36.6 | % |  |  | 45.8 | % |  |  | 40.4 | %
Publishing division |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
% of total Publishing Product revenues, net of discounts |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | % |  |  | 0.0 | %
Total Product revenues, net of discounts of Usborne products |  | $ | 1,692,200 |  |  | $ | 1,848,000 |  |  | $ | 4,231,300 |  |  | $ | 5,561,600 |
Purchases received by product type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Usborne |  | $ | 27,000 |  |  | $ | 48,800 |  |  | $ | 70,100 |  |  | $ | 100,600 |
% of total purchases received |  |  | 5.8 | % |  |  | 6.8 | % |  |  | 11.2 | % |  |  | 6.8 | %
All other product types |  |  | 436,000 |  |  |  | 665,000 |  |  |  | 558,100 |  |  |  | 1,380,200 |
% of total purchases received |  |  | 94.2 | % |  |  | 93.2 | % |  |  | 88.8 | % |  |  | 93.2 | %
Total purchases received |  | $ | 463,000 |  |  | $ | 713,800 |  |  | $ | 628,200 |  |  | $ | 1,480,800 |
Total Usborne inventory owned by the Company and included in our balance sheets was $21,838,800 and $23,696,800 as of August 31, 2025, and February 28, 2025, respectively.

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (d)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (d)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482836/275-10-55-3A Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-2A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration