v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
May 31, 2026
Feb. 28, 2026
Feb. 28, 2025
Current assets:      
Cash $ 94,643 $ 109,043 [1] $ 865,975
Accounts receivable, net 974,897 1,004,201 [1] 1,367,331
Share proceeds receivable   418,669
Device parts inventory, net 1,378,950 1,318,742 [1] 1,583,726
Prepaid expenses and deposits 556,737 503,017 [1] 792,842
Total current assets 3,005,227 2,935,003 [1] 5,028,543
Operating lease asset 891,922 931,814 [1] 1,010,545
Revenue earning devices, net of accumulated depreciation of $3,781,667 and $3,257,668, respectively 4,850,345 5,097,627 [1] 4,539,180
Fixed assets, net of accumulated depreciation of $562,268 and $540,426, respectively 176,943 183,185 [1] 258,328
Trademarks 36,157 35,319 [1] 33,321
Investment at cost 100,000 100,000 [1] 100,000
Security deposit 19,280 19,280 [1] 15,880
Total assets 9,079,874 9,302,228 [1] 10,985,797
Current liabilities:      
Accounts payable and accrued expenses 2,675,960 3,007,270 [1] 2,121,871
Customer deposits 127,520 147,326 [1] 91,578
Current operating lease liability 239,242 243,690 [1] 197,349
Current portion of deferred variable payment obligation 3,459,840 3,161,727 [1] 1,901,258
Loan payable - related party 331,946 461,633 [1] 329,365
Deferred compensation for CEO 1,990,751 1,811,856 [1] 2,202,600
Current portion of loans payable, net of discount of $871,697 and $635,774 26,897,629 8,848,140 [1] 519,105
Current portion of accrued interest payable 9,167,495 2,271,106 [1] 213,555
Total current liabilities 44,890,383 19,952,748 [1] 7,576,681
Non-current operating lease liability 643,129 676,694 [1] 810,513
Loans payable, net 7,953,001 24,188,380 [1] 31,922,078
Deferred variable payment obligation 2,525,000 2,525,000 [1] 2,525,000
Incentive compensation plan payable 5,500,000 5,500,000 [1] 4,000,000
Accrued interest payable 3,207,606 9,122,552 [1] 13,680,453
Total liabilities 64,719,119 61,965,374 [1] 60,514,725
Commitments and Contingencies  
Stockholders’ deficit:      
Preferred Stock, value [1]
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 [1] 1,441
Additional paid-in capital 120,717,508 117,803,027 [1] 106,459,528
Preferred stock to be issued 99,086 99,086 [1] 99,086
Accumulated deficit (176,931,052) (171,121,742) [1] (156,496,930)
Total stockholders’ deficit (56,104,710) (53,211,087) [1] (49,931,012)
Total liabilities and stockholders’ deficit 9,079,874 9,302,228 [1] 10,985,797
Series B Redeemable Preferred Stock [Member]      
Current liabilities:      
Convertible, Redeemable Preferred Stock, value [1]
Series C Redeemable Preferred Stock [Member]      
Current liabilities:      
Convertible, Redeemable Preferred Stock, value 465,465 547,941 [1] 402,084
Series G Preferred Stock [Member]      
Stockholders’ deficit:      
Preferred Stock, value [1]
Series E Preferred Stock [Member]      
Stockholders’ deficit:      
Preferred Stock, value 3,350 3,350 [1] 3,350
Series F Preferred Stock [Member]      
Stockholders’ deficit:      
Preferred Stock, value $ 2,513 $ 2,513 [1] $ 2,513
[1] Derived from audited information