v3.26.1
Consolidated Balance Sheets - USD ($)
Feb. 28, 2026
Feb. 28, 2025
Current assets:    
Cash $ 109,043 $ 865,975
Accounts receivable, net 1,004,201 1,367,331
Share proceeds receivable 418,669
Device parts inventory, net 1,318,742 1,583,726
Prepaid expenses and deposits 503,017 792,842
Total current assets 2,935,003 5,028,543
Operating lease asset 931,814 1,010,545
Revenue earning devices, net of accumulated depreciation of $3,257,668 and $2,292,172, respectively 5,097,627 4,539,180
Fixed assets, net of accumulated depreciation of $540,426 and $491,186, respectively 183,185 258,328
Trademarks 35,319 33,321
Investment at cost 100,000 100,000
Security deposit 19,280 15,880
Total assets 9,302,228 10,985,797
Current liabilities:    
Accounts payable and accrued expenses 3,007,270 2,121,871
Customer deposits 147,326 91,578
Current operating lease liability 243,690 197,349
Current portion of deferred variable payment obligation 3,161,727 1,901,258
Loan payable - related party 461,633 329,365
Deferred compensation for CEO 1,811,856 2,202,600
Current portion of loans payable, net of discount of $635,774 and $0 8,848,140 519,105
Current portion of accrued interest payable 2,271,106 213,555
Total current liabilities 19,952,748 7,576,681
Non-current operating lease liability 676,694 810,513
Loans payable, net of discount of $0 and $360,163, respectively 24,188,380 31,922,078
Deferred variable payment obligation 2,525,000 2,525,000
Incentive compensation plan payable 5,500,000 4,000,000
Accrued interest payable 9,122,552 13,680,453
Total liabilities 61,965,374 60,514,725
Commitments and Contingencies
Stockholders’ deficit:    
Preferred Stock, value
Common Stock, $0.00001 par value; 12,000,000,000 shares authorized 267,872,804 and 144,124,538 shares issued, issuable and outstanding, respectively 2,679 1,441
Additional paid-in capital 117,803,027 106,459,528
Preferred stock to be issued 99,086 99,086
Accumulated deficit (171,121,742) (156,496,930)
Total stockholders’ deficit (53,211,087) (49,931,012)
Total liabilities and stockholders’ deficit 9,302,228 10,985,797
Series B Redeemable Preferred Stock [Member]    
Current liabilities:    
Convertible, Redeemable Preferred Stock, value
Series C Redeemable Preferred Stock [Member]    
Current liabilities:    
Convertible, Redeemable Preferred Stock, value 547,941 402,084
Series G Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value
Series E Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value 3,350 3,350
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value $ 2,513 $ 2,513