v3.26.1
Going Concern
3 Months Ended
May 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern

Note 3 - Going Concern

 

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of $43,185,481 and $41,185,154 as at May 31, 2026 and February 28, 2026 respectively, and had a net loss of $2,009,784 and $2,022,761 for the three months ended May 31, 2026 and 2025, respectively.

 

The Company’s continuation as a going concern is dependent on its ability to obtain additional financing to fund operations, implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through various means, including equity and debt financing or any similar financing. There can be no assurance that the Company will be able to obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional equity or debt financing may involve substantial dilution to the Company’s stockholders, restrictive covenants, or high interest costs. The Company’s long-term liquidity also depends upon its ability to generate revenues and achieve profitability.