v3.25.1
INCOME TAXES (Tables)
 12 Months Ended
Feb. 28, 2025
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX EXPENSES (BENEFIT)

The income tax expense (benefit) consisted of the following for the fiscal years ended February 28, 2025 and ended February 29, 2024:

 

    February 28, 2025    February 29, 2024 
Total current  $—   $— 
Total deferred   —    — 
Total  $—   $— 
SCHEDULE OF EXPECTED STATUTORY FEDERAL INCOME TAX PROVISION

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal years ended February 28, 2025 and February 29, 2024:

 

   February 28, 2025 
Federal statutory rate  $(4,000,000)
State income tax benefit, net of federal benefit   (900,000)
Non deductible interest   500,000 
Non deductible stock based compensation   322,000 
Change in valuation allowance   4,078,000 
Total  $— 

 

   February 29, 2024 
Federal statutory rate  $(4,349,000)
State income tax benefit, net of federal benefit   (994,000)
Non deductible interest   501,000 
Non deductible stock based compensation   377,000 
Change in valuation allowance   4,465,000 
Total  $— 
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal years February 28, 2025 and February 29, 2024:

 

   February 28, 2025   February 29, 2024 
Deferred tax assets:          
Net operating loss carryforwards  $20,000,000   $17,116,115 
           
Deferred tax liabilities:          
Depreciation   —    — 
Deferred revenue   —    — 
Total deferred tax liabilities   —    — 
           
Net deferred tax assets:          
Less valuation allowance   (20,000,000)   (17,116,115)
Net deferred tax assets (liabilities)  $—   $—