v3.26.1
Stockholders’ Equity (Tables)
3 Months Ended
May 31, 2026
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Stock Option Activity

Option activity for the three months ended May 31, 2026 and the year ended February 28, 2026 was as follows:

 

   Options  

Weighted

Average

Exercise

Price ($)

  

Weighted

Average

Remaining

Contractual

Life (Yrs.)

  

Aggregate

Intrinsic

Value ($)

 
                 
Options outstanding at February 28, 2025   76,342    52.69    1.60    - 
Granted   914,825    4.39    2.28    - 
Exercised   -    -    -    - 
Forfeited or cancelled   (76,342)   52.69    -    - 
Options outstanding at February 28, 2026   914,825    4.39    2.28    - 
Granted   200,000    2.64    2.94    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
Options outstanding May 31, 2026   1,114,825    4.08    2.19    - 
Options expected to vest in the future as of May 31, 2026   175,000    2.64    2.93    - 
Options exercisable at May 31, 2026   939,825    4.35    2.05    - 
Options vested, exercisable, and options expected to vest at May 31, 2026   1,114,825    4.08    2.19    - 
Schedule of Warranty Activity

Warrant activity for the three months ended May 31, 2026 and the year ended February 28, 2026 was as follows:

 

   Warrants  

Weighted

Average

Exercise

Price ($)

  

Weighted Average

Remaining

Contractual

Life (Yrs.)

 
Warrants outstanding at February 28, 2025   3,015,885    5.36    3.84 
Granted   1,998,104    3.34    3.96 
Exercised   (237,429)   3.02    - 
Forfeited or cancelled   (17,979)   128.32    - 
Warrants outstanding at February 28, 2026   4,758,581    4.15    3.48 
Granted   198,430    2.84    4.31 
Exercised   -    -    - 
Forfeited or cancelled   -    -    - 
Warrants outstanding at May 31, 2026   4,957,011    4.10    3.27 
Warrant [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Share Based Payments Award Stock Options Valuation Assumptions

The fair value of warrants issued during the three months ended May 31, 2026 was estimated using the Black-Scholes model with the following assumptions.

 

Assumptions:

 

   2026   2025 
Dividend yield   0%   0%
Risk-free interest rate   3.54%-3.83%   3.9%-4.1%
Expected volatility   117.3%-119.4%   156.4%-160.5%
Expected life (in years)   1.5-2.5   3.32-5.0
Share-Based Payment Arrangement, Option [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Share Based Payments Award Stock Options Valuation Assumptions

The fair value of stock-based awards was estimated using the Black-Scholes model with the following weighted average assumptions for the three months ended May 31, 2026 and May 31, 2025.

   2026   2025 
Dividend yield   0%   0%
Risk-free interest rate   3.89%   3.83%-4.06%
Expected volatility   136.86%   122.5%-139.7%
Expected life (in years)   3.0    3.0-5.0 
Stock Appreciation Rights [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Stock Option Activity

SARs activity for the three months ended May 31, 2026 and the year ended February 28, 2026 was as follows:

 

   SARs  

Weighted

Average

Exercise

Price ($)

  

Weighted

Average

Remaining

Contractual

Life (Yrs.)

  

Aggregate

Intrinsic

Value ($)

 
                 
SARs outstanding at February 28, 2025   40,223    44.80    1.99    - 
Exercised   -    -    -    - 
Forfeited or cancelled   (3,907)   52.60    -    - 
SARs outstanding at February 28, 2026   36,316    43.96    1.17    - 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
SARs outstanding May 31, 2026   36,316    43.96    0.91    - 
SARs expected to vest in the future as of May 31, 2026   -    -    -    - 
SARs exercisable at May 31, 2026   36,316    43.96    0.91    - 
SARs vested, exercisable, and SARs expected to vest at May 31, 2026   36,316    43.96    0.91    -