v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
May 31, 2025
May 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,594,018) $ (4,194,359)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 482,076 297,549
Bad debts expense 48,982 13,000
Inventory provision 210,000
Reduction of right of use asset 33,865 31,425
Accretion of lease liability 27,428 31,065
Stock based compensation 80,355 83,323
Amortization of debt discounts 47,089 27,625
Increase in related party accrued payroll and interest 5,700 17,575
Changes in operating assets and liabilities:    
Accounts receivable 424,655 126,620
Prepaid expenses and deposits on inventory 104,498 167,562
Deposit on right of use asset (13,187)
Device parts inventory (480,951) (1,070,087)
Accounts payable and accrued expenses 524,109 (21,083)
Customer deposits (487) (11,469)
Operating lease liability payments (58,962) (58,715)
Deferred compensation for CFO (1,246,687)
Current portion of deferred variable payment obligations for payments 301,287 192,323
Accrued interest payable 993,063 1,111,815
Net cash used in operating activities (3,321,185) (3,045,831)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (8,422) (19,132)
Acquisition of trademarks (1,298) (2,596)
Net cash (used in) investing activities (9,720) (21,728)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Share proceeds net of issuance costs 2,839,777 2,682,592
Proceeds on issuance of Series B shares 278,000
Redemption of Series B shares (128,856)
Proceeds from loans payable 350,000
Repayment of loans payable (50,000) (27,000)
Net cash provided by financing activities 2,789,777 3,154,736
Net change in cash (541,128) 87,177
Cash, beginning of period 865,975 105,926
Cash, end of period 324,847 193,103
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 8,910 25,015
Cash paid for income taxes
Noncash investing and financing activities:    
Transfer from device parts inventory to fixed assets and revenue earning devices 917,294 1,161,219
Exchange of notes payable and accrued interest for common shares 1,250,500
Cumulative Effect Adjustment RFV discount per adoption of ASU 2020-06 at March 1, 2024 4,175,535
Series B or C preferred shares issued as dividend 12,073 2,568
Right of use asset for lease liability $ 53,739