v3.26.1
Note 10 - Series B Convertible Preferred Stock
3 Months Ended
May 31, 2026
Notes to Financial Statements  
Preferred Stock [Text Block]

10. Series B Convertible Preferred Stock

 

The balance of Series B Convertible Preferred Stock as at  May 31, 2026 and  February 28, 2026 was as follows:

 

  

May 31, 2026

  

February 28, 2026

 

Stated value

 $11,439  $11,439 

Accrued PIK dividends

  990   615 

Series B Convertible Preferred Stock

 $12,429  $12,054 

 

During the three months ended May 31, 2026, the Company recorded PIK dividends of $375, (2025 – $340), which were recorded in “Interest and other financial expenses” in our Consolidated Statements of Operations and Comprehensive Loss.