v3.26.1
INCOME TAXES (Tables)
 12 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME TAX EXPENSES (BENEFIT)

The income tax expense (benefit) consisted of the following for the fiscal years ended February 28, 2026 and ended February 28, 2025:

 

    February 28,
2026		    February 28,
2025		 
Total current  $—   $— 
Total deferred   —    — 
Total  $—   $— 
SCHEDULE OF EXPECTED STATUTORY FEDERAL INCOME TAX PROVISION

The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the fiscal years ended February 28, 2026 and February 28, 2025:

 

   February 28,
2026		 
Federal statutory rate  $(2,900,000)
State income tax benefit, net of federal benefit   (660,000)
Non deductible interest   500,000 
Non deductible stock based compensation   334,000 
Change in valuation allowance   2,726,000 
Total  $— 

 

   February 28,
2025		 
Federal statutory rate  $(4,000,000)
State income tax benefit, net of federal benefit   (900,000)
Non deductible interest   500,000 
Non deductible stock based compensation   322,000 
Change in valuation allowance   4,078,000 
Total  $— 
SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS AND LIABILITIES

Significant components of the Company’s deferred tax assets and liabilities were as follows for the fiscal years February 28, 2026 and February 28, 2025:

 

   February 28,
2026		   February 28,
2025		 
Deferred tax assets:          
Net operating loss carryforwards  $22,726,000   $20,000,000 
           
Deferred tax liabilities:          
Depreciation   —    — 
Deferred revenue   —    — 
Total deferred tax liabilities   —    — 
           
Net deferred tax assets:          
Less valuation allowance   (22,726,000)   (20,000,000)
Net deferred tax assets (liabilities)  $—   $—