v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Feb. 28, 2025
Feb. 29, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (18,935,592) $ (20,708,716)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,480,636 854,047
Impairment on revenue earning devices 584,177
Inventory provision (recovery) (494,000) 437,820
Gain on disposal of fixed assets (16,426)
Bad debts expense 83,682 42,892
Reduction of right of use asset 119,151 120,131
Accretion of lease liability 118,502 130,020
Stock based compensation 1,831,685 1,793,599
Amortization of debt discounts 271,234 2,384,163
Gain on settlement of debt (468,262) (38,740)
Increase in related party accrued payroll and interest 71,927 105,101
Changes in operating assets and liabilities:    
Accounts receivable (694,929) (533,952)
Prepaid expenses (160,393) (29,591)
Device parts inventory (2,464,468) (3,549,121)
Accounts payable and accrued expenses 505,068 1,294,286
Deferred compensation for CFO 1,663,833
Customer deposits 17,876 63,802
Operating lease liability payments (225,413) (233,147)
Current portion of deferred variable payment obligations for Payments 996,881 362,200
Accrued interest payable 4,086,194 3,985,712
Net cash used in operating activities (12,196,388) (12,951,743)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (23,724) (22,165)
Purchase of trademarks (6,241)
Purchase of investment (convertible note receivable) (50,000)
Reimbursement of security deposit 5,359
Proceeds on disposal of fixed assets 21,000
Net cash used in investing activities (79,965) 4,194
CASH FLOWS FROM FINANCING ACTIVITIES:    
Share proceeds net of issuance costs 12,702,010 10,825,895
Proceeds on issuance of Series B Preferred Shares 278,000
Redemption of Series B Preferred Shares (389,188)
Proceeds on issuance of Series C Preferred Shares 278,580
Net borrowings loan payable-related party (54,179)
Proceeds from loans payable 350,000 1,750,000
Repayment of loans payable (183,000) (408,000)
Net cash provided by financing activities 13,036,402 12,113,716
Net change in cash 760,049 (833,833)
Cash, beginning of period 105,926 939,759
Cash, end of period 865,975 105,926
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 94,517 17,726
Cash paid for income taxes
Noncash investing and financing activities:    
Cumulative Effect Adjustment RFV discount per adoption of ASU 2020-06 at March 1, 2024 4,175,535
Right of use asset for lease liability 47,934
Transfer from device parts inventory to fixed assets 3,506,341 2,291,421
Proceeds of fixed asset disposition to loan payable, related party 21,000
Shares issued for services 44,460
Deferred compensation 538,767
Discount applied to face value of loans 200,000
Series F warrants issued along with debt 1,209,206
Exchange of Series F Preferred Shares for loans payable 400,000
Exchange of loans payable for common shares 562,000
Convertible note receivable exchanged for investment at cost 50,000
Dividend on Series B Preferred Shares paid in Series B Preferred Shares $ 5,188