Question: a- In your own words provide a basic description of the revenue trend for RMCF over the five-year period 2017 to 2021. b-Continuing with your

a-

In your own words provide a basic description of the revenue trend for RMCF over the five-year period 2017 to 2021.

b-Continuing with your inspection of Item 6 for the 10-K report, answer this question: Has Rocky Mountain Chocolate Factory been generally profitable (HINT: focus on net (loss) income ) over this five-year period? First answer Yes or No. Next, in your own words support why you chose yes or chose no.

a- In your own words provide a basic description of the revenue

ITEM 6. SELECTED FINANCIAL DATA The selected financial data presented below for the fiscal years ended February 28 or 29, 2017 through 2021, are derived from the consolidated financial statements of the Company, which have been audited by Plante & Moran, PLLC, our independent registered public accounting firm during the fiscal year ended February 28, 2019 through 2021, or EKS&H LLLP, our independent registered public accounting firm for the fiscal years ended February 28, 2017 through 2018. The selected financial data should be read in conjunction with the consolidated financial statements and related notes thereto included elsewhere in this Annual Report and in Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" below. All material inter-Company balances have been eliminated upon consolidation. (Amounts in thousands, except per share data) Fiscal Years Ended February 28 or 29, 2019 Selected Statement of Operations Data 2021 2020 2018 2017 Total revenues $ $ 23,481 $ (3,474) (900) Operating income 31,850 1,392 1,034 34,545 $ 3,006 38,075 $ 5,221 38,296 5,524 Net (loss) income $ $ $ 2,239 $ 2,964 $ 3,450 Basic Earnings per Common Share (0.16) $ 0.17 $ $ 0.50 $ 0.59 Diluted Earnings per Common Share 0.38 0.37 (0.16) $ $ $ 0.50 $ 0.58 Weighted average common shares outstanding 6,067 0.17 5,986 5,931 5,884 5,843 Weighted average common shares outstanding, assuming dilution 6,067 6,255 5,983 5,980 5,994 Selected Balance Sheet Data Working capital $ $ $ 7,091 Total Assets 8,997 24,951 8,005 27,817 9,530 26,222 7,364 28,941 29,418 Long-term debt 1,176 2,529 Stockholders' equity 18,968 19,356 20,390 19,557 18,829 Cash Dividend Declared per Common Share 0.48 0.48 0.48 0.48 $ $ $ $ $ $ $ $ ITEM 6. SELECTED FINANCIAL DATA The selected financial data presented below for the fiscal years ended February 28 or 29, 2017 through 2021, are derived from the consolidated financial statements of the Company, which have been audited by Plante & Moran, PLLC, our independent registered public accounting firm during the fiscal year ended February 28, 2019 through 2021, or EKS&H LLLP, our independent registered public accounting firm for the fiscal years ended February 28, 2017 through 2018. The selected financial data should be read in conjunction with the consolidated financial statements and related notes thereto included elsewhere in this Annual Report and in Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" below. All material inter-Company balances have been eliminated upon consolidation. (Amounts in thousands, except per share data) Fiscal Years Ended February 28 or 29, 2019 Selected Statement of Operations Data 2021 2020 2018 2017 Total revenues $ $ 23,481 $ (3,474) (900) Operating income 31,850 1,392 1,034 34,545 $ 3,006 38,075 $ 5,221 38,296 5,524 Net (loss) income $ $ $ 2,239 $ 2,964 $ 3,450 Basic Earnings per Common Share (0.16) $ 0.17 $ $ 0.50 $ 0.59 Diluted Earnings per Common Share 0.38 0.37 (0.16) $ $ $ 0.50 $ 0.58 Weighted average common shares outstanding 6,067 0.17 5,986 5,931 5,884 5,843 Weighted average common shares outstanding, assuming dilution 6,067 6,255 5,983 5,980 5,994 Selected Balance Sheet Data Working capital $ $ $ 7,091 Total Assets 8,997 24,951 8,005 27,817 9,530 26,222 7,364 28,941 29,418 Long-term debt 1,176 2,529 Stockholders' equity 18,968 19,356 20,390 19,557 18,829 Cash Dividend Declared per Common Share 0.48 0.48 0.48 0.48 $ $ $ $ $ $ $ $

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