v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
May 31, 2026
Feb. 28, 2026
ASSETS    
Cash and cash equivalents $ 803,490 $ 1,696,090
Accounts receivable, net 252,375 119,168
Prepaid expenses and other current assets 1,436,115 1,336,026
Total Current Assets 2,491,980 3,151,284
Non-Current Assets    
Property and equipment, net 974 1,603
Intangible assets, net 4,159,741 4,258,220
Security deposit 40,167 40,167
Goodwill 3,123,684 3,123,684
Equity investments 2,502,000 2,502,000
Total Non-Current Assets 9,826,566 9,925,674
Total Assets 12,318,546 13,076,958
Current Liabilities    
Accounts payable 959,794 725,541
Accrued expenses 953,574 748,103
Deferred revenue 848,526 1,655,990
Derivative liability 30,000 80,000
Contingent consideration 190,000 180,000
Licensing & royalty payment obligations, current portion 198,698 136,582
Total Current Liabilities 4,091,409 3,912,288
Non-Current Liabilities    
SBA EIDL loan 97,994 98,179
Licensing & royalty payment obligations, net of current portion 232,116 305,090
Line of Credit – related parties 3,000,000 3,000,000
Total Non-Current Liabilities 3,330,110 3,403,269
Total Liabilities 7,421,519 7,315,557
Commitments and Contingencies (Note 13)
Mezzanine Equity    
Preferred Stock, par value $0.001; 10,000,000 shares authorized; 408,421 and 0 shares issued and outstanding, respectively 807,997
Common Stock, par value $0.001; 250,000,000 shares authorized; 96,774 and 96,774 shares issued and outstanding, respectively 387,000 387,000
Total Mezzanine Equity 1,194,997 387,000
Stockholder’s Equity    
Preferred Stock, par value $0.001; 10,000,000 shares authorized; 150,316 and 100,316 shares issued and outstanding, respectively 151 101
Common Stock, par value $0.001; 250,000,000 shares authorized; 14,396,694 and 13,978,171 shares issued and outstanding, respectively 14,398 13,979
Additional Paid in Capital 57,430,060 55,957,740
Accumulated deficit (53,742,579) (50,597,419)
Total Stockholders’ Equity 3,702,030 5,374,401
Total Liabilities, Mezzanine and Stockholders’ Equity 12,318,546 13,076,958
Nonrelated Party [Member]    
Current Liabilities    
Notes payable 310,817 386,072
Related Party [Member]    
Current Liabilities    
Notes payable $ 600,000