v3.26.1
Income Taxes (Tables)
12 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Loss Before Income Taxes

Loss before income taxes consisted of the following:

 

Schedule of Components of Loss Before Income Taxes

   FY2026   FY2025 
Domestic (United States)  $(15,900,627)  $(10,121,038)
Foreign   -    - 
Loss before income taxes  $(15,900,627)  $(10,121,038)
Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes were as follows:

 

Schedule of Components of Income Tax Expense (Benefit)

   FY2026   FY2025 
Current:          
Federal  $    -   $      - 
State   -    - 
Foreign   -    - 
Total current   -    - 
           
Deferred:          
Federal   -    - 
State   -    - 
Foreign   -    - 
Total deferred   -    - 
           
Provision for income taxes  $   -   $- 
Schedule of Reconciliation of Statutory to Effective Tax Rate

Schedule of Reconciliation of Statutory to Effective Tax Rate

                     
   FY2026   FY2025 
   Amount   %   Amount   % 
Federal income tax benefit at statutory rate  $(3,339,132)   21.0%  $(2,125,418)   21.0%
                     
Nondeductible / nontaxable items:                    
Stock-based compensation   523,970    (3.3)%  14,254    (0.1)%
Loss on related-party receivable   66,254    (0.4)%  210,000    (2.1)%
Other (M&E, penalties, asset disposal perm.)   29,408    (0.2)%  229    (0.0)%
                     
Change in valuation allowance    2,719,500    (17.1)%  2,289,045    (22.6)%
                     
Provision for income taxes / Effective tax rate  $

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-

   $

-

    

-

 
Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and deferred tax liabilities as of February 28, 2026 and February 28, 2025 are as follows:

 

Schedule of Deferred Tax Assets and Liabilities

   2026   2025 
Deferred tax assets:          
NOL carryforward  $13,830,400   $11,500,300 
Related-party accruals   630,000   12,900 
Accrued payroll  72,600   47,800 
Depreciation  2,900   255,400 
Total deferred tax assets  14,535,900   $11,816,400 
           
Deferred tax liabilities:          
None   

-

    

-

 
Total deferred tax liabilities   -    - 
           
Net deferred tax asset before valuation allowance  14,535,900   11,816,400 
Less: Valuation allowance  14,535,900   11,816,400 
Net deferred tax asset (liability)  $-   $-