v3.25.1
Shareholders’ Deficit (Tables)
12 Months Ended
Feb. 28, 2025
Shareholders’ Deficit [Abstract]  
Schedule of Stock Option Activity A summary of the Company’s stock option activity is as follows:
   Number of
Shares
   Exercise
Price
   Weighted
Average
Intrinsic
Value
 
(amounts in thousands, except share and per share data)            
Total options, February 28, 2023   4,792,857   $0.48   $394 
Granted   
-
    
-
    
-
 
Exercised   
-
    
-
    
-
 
Expired   (542,857)   1.40    
-
 
Total options, February 29, 2024   4,250,000   $0.37   $
-
 
Granted   4,000,000    0.50    
-
 
Exercised   
-
    
-
    
-
 
Expired   
-
    
-
    
-
 
Total options, February 28, 2025   8,250,000   $0.43   $
-
 
Exercisable, February 28, 2025   8,250,000   $0.43   $
-
 
Schedule of Exercise Prices and Information Related to Options The exercise prices and information related to options under the 2011 Plan outstanding on February 28, 2025, are as follows:
Range of
Exercise Price
   Stock Options
Outstanding
   Stock Options
Exercisable
   Weighted
Average
Remaining
Contractual
Life
   Weighted
Average
Exercise Price
of Options
Outstanding
   Weighted
Average
Exercise Price
of Options
Exercisable
 
$0.25 to $.50    8,250,000    8,250,000    4.81   $0.43   $0.43 
The exercise prices and information related to the warrants as February 28, 2025, are as follows:
Range of
Exercise Price
   Stock Warrants
Outstanding
   Stock Warrants
Exercisable
   Weighted
Average
Remaining
Contractual
Life
   Weighted
Average
Exercise Price
of Warrants
Outstanding
   Weighted
Average
Exercise Price
of Warrants Exercisable
 
$0.50    3,511,664    3,511,664    6.13   $0.50    0.50 
$1.00    3,000,000    3,000,000    2.43   $1.00   $1.00 
Schedule of Warrant Activity
   Number of
Warrants
   Exercise
Price
 
Outstanding, February 28, 2023   3,564,764   $0.86 
Granted   60,000    0.50 
Exercised   
-
    
-
 
Expired   (103,100)   1.40 
Outstanding, February 29, 2024   3,521,664   $0.83 
Granted   3,000,000    1.00 
Exercised   
-
    
-
 
Expired   (10,000)   1.40 
Outstanding, February 28, 2025   6,511,664   $0.73