v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
May 31, 2026
Feb. 28, 2026
 [1]
Current assets:    
Cash $ 94,643 $ 109,043
Accounts receivable, net 974,897 1,004,201
Device parts inventory, net 1,378,950 1,318,742
Prepaid expenses and deposits 556,737 503,017
Total current assets 3,005,227 2,935,003
Operating lease asset 891,922 931,814
Revenue earning devices, net of accumulated depreciation of $3,781,667 and $3,257,668, respectively 4,850,345 5,097,627
Fixed assets, net of accumulated depreciation of $562,268 and $540,426, respectively 176,943 183,185
Trademarks 36,157 35,319
Investment at cost 100,000 100,000
Security deposit 19,280 19,280
Total assets 9,079,874 9,302,228
Current liabilities:    
Accounts payable and accrued expenses 2,675,960 3,007,270
Customer deposits 127,520 147,326
Current operating lease liability 239,242 243,690
Current portion of deferred variable payment obligation 3,459,840 3,161,727
Loan payable - related party 331,946 461,633
Deferred compensation for CEO 1,990,751 1,811,856
Current portion of loans payable, net of discount of $871,697 and $635,774 26,897,629 8,848,140
Current portion of accrued interest payable 9,167,495 2,271,106
Total current liabilities 44,890,383 19,952,748
Non-current operating lease liability 643,129 676,694
Loans payable, net 7,953,001 24,188,380
Deferred variable payment obligation 2,525,000 2,525,000
Incentive compensation plan payable 5,500,000 5,500,000
Accrued interest payable 3,207,606 9,122,552
Total liabilities 64,719,119 61,965,374
Stockholders’ deficit:    
Preferred Stock, value
Common Stock, $0.00001 par value; 27,500,000,000 shares authorized as of May 31, 2026 and February 28, 2026 (subsequently decreased to 12,000,000,000 shares authorized effective July 15, 2026 — see Summary of Common Stock Activity below); 388,482,589 and 267,872,804 shares issued, issuable and outstanding, respectively 3,885 2,679
Additional paid-in capital 120,717,508 117,803,027
Preferred stock to be issued 99,086 99,086
Accumulated deficit (176,931,052) (171,121,742)
Total stockholders’ deficit (56,104,710) (53,211,087)
Total liabilities and stockholders’ deficit 9,079,874 9,302,228
Series B Redeemable Preferred Stock [Member]    
Current liabilities:    
Convertible, Redeemable Preferred Stock, value
Series C Redeemable Preferred Stock [Member]    
Current liabilities:    
Convertible, Redeemable Preferred Stock, value 465,465 547,941
Series G Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value
Series E Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value 3,350 3,350
Series F Preferred Stock [Member]    
Stockholders’ deficit:    
Preferred Stock, value $ 2,513 $ 2,513
[1] Derived from audited information