v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
May 31, 2025
May 31, 2024
Feb. 28, 2025
Feb. 29, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (4,594,018) $ (4,194,359) $ (18,935,592) $ (20,708,716)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 482,076 297,549 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 48,982 13,000 83,682 42,892
Inventory provision 210,000    
Reduction of right of use asset 33,865 31,425 119,151 120,131
Accretion of lease liability 27,428 31,065 118,502 130,020
Stock based compensation 80,355 83,323 1,831,685 1,793,599
Amortization of debt discounts 47,089 27,625 271,234 2,384,163
Gain on settlement of debt     (468,262) (38,740)
Increase in related party accrued payroll and interest 5,700 17,575 71,927 105,101
Changes in operating assets and liabilities:        
Accounts receivable 424,655 126,620 (694,929) (533,952)
Prepaid expenses 104,498 167,562 (160,393) (29,591)
Deposit on right of use asset (13,187)    
Device parts inventory (480,951) (1,070,087) (2,464,468) (3,549,121)
Accounts payable and accrued expenses 524,109 (21,083) 505,068 1,294,286
Customer deposits (487) (11,469) 17,876 63,802
Operating lease liability payments (58,962) (58,715) (225,413) (233,147)
Deferred compensation for CFO (1,246,687) 1,663,833
Current portion of deferred variable payment obligations for Payments 301,287 192,323 996,881 362,200
Accrued interest payable 993,063 1,111,815 4,086,194 3,985,712
Net cash used in operating activities (3,321,185) (3,045,831) (12,196,388) (12,951,743)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of fixed assets (8,422) (19,132) (23,724) (22,165)
Purchase of trademarks (1,298) (2,596) (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 (9,720) (21,728) (79,965) 4,194
CASH FLOWS FROM FINANCING ACTIVITIES:        
Share proceeds net of issuance costs 2,839,777 2,682,592 12,702,010 10,825,895
Proceeds on issuance of Series B Preferred Shares 278,000 278,000
Redemption of Series B Preferred Shares (128,856) (389,188)
Proceeds on issuance of Series C Preferred Shares     278,580
Net borrowings loan payable-related party     (54,179)
Proceeds from loans payable 350,000 350,000 1,750,000
Repayment of loans payable (50,000) (27,000) (183,000) (408,000)
Net cash provided by financing activities 2,789,777 3,154,736 13,036,402 12,113,716
Net change in cash (541,128) 87,177 760,049 (833,833)
Cash, beginning of period 865,975 105,926 105,926 939,759
Cash, end of period 324,847 193,103 865,975 105,926
Supplemental disclosure of cash and non-cash transactions:        
Cash paid for interest 8,910 25,015 94,517 17,726
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 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 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