v3.25.1
Segment Information
 12 Months Ended
Feb. 28, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 17. SEGMENT INFORMATION

 

The Company operates and manages its business as one reportable and operating segment. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company derives revenue primarily in the United States of America and manages its business activities on a consolidated basis.

 

The Company’s chief operating decision maker (CODM), its Chief Executive Officer, reviews financial information presented on a consolidated basis and decides how to allocate resources based on net loss. Consolidated net loss is used for evaluating financial performance. The monitoring of budgeted versus actual results is used in assessing performance of the Company and in establishing management’s compensation.

 

Significant segment expenses include employee compensation, stock-based compensation, merchant fees, and consulting and outside provider costs. Other operating expenses include all remaining costs necessary to operate our business and primarily include advertising, corporate compliance, and overhead expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

 

   Year Ended February 28, 2025   Year Ended February 29, 2024 
         
Net sales  $50   $56 
Cost of sales   29    193 
Gross profit   21    (137)
           
Less:          
Employee compensation and benefits   987    723 
Stock-based compensation expense   1,601    
-
 
Consulting and outside provider costs   288    314 
Property lease and utility costs   509    443 
Depreciation expense   154    104 
Program software and licensing expense   233    168 
Other operating expenses   1,063    871 
Total operating expenses   4,835    2,623 
Loss from operations  $(4,814)  $(2,760)