v3.25.1
Income Taxes (Tables)
12 Months Ended
Feb. 28, 2025
Income Taxes [Abstract]  
Schedule of Effective Income Tax Rate

For the years ended February 28, 2025 and February 29, 2024, a reconciliation of the effective income tax rate to the U.S. statutory rate is as follows:

 

   Year ended
February 28,
2025
   Year ended
February 29,
2024
 
Federal tax benefit at statutory rate   21%   21%
State tax benefit, net of federal benefit   7%   7%
Change in valuation allowance   (28)%   (28)%
Total   0%   0%
Schedule of Deferred Tax Asset

As of February 28, 2025, and February 29, 2024, the following table summarizes our deferred tax asset:

 

   February 28,
2025
   February 29,
2024
 
(amounts in thousands)        
Deferred tax asset        
Net operating loss carryforwards  $41,780   $39,374 
Gross deferred tax assets   41,780    39,374 
Valuation allowance   (41,780)   (39,374)
Net deferred tax asset (liability)  $
-
   $
-