v3.26.1
Segment Information
 12 Months Ended
Feb. 28, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 17. SEGMENT INFORMATION

 

The Company operates and manages its business as one reportable and operating segment. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company derives revenue primarily in the United States of America and manages its business activities on a consolidated basis.

 

The Company’s chief operating decision maker (CODM), its Chief Executive Officer, reviews financial information presented on a consolidated basis and decides how to allocate resources based on net loss. Consolidated net loss is used for evaluating financial performance. The monitoring of budgeted versus actual results is used in assessing performance of the Company and in establishing management’s compensation.

 

Significant segment expenses include employee compensation, stock-based compensation, merchant fees, and consulting and outside provider costs. Other operating expenses include all remaining costs necessary to operate our business and primarily include advertising, corporate compliance, and overhead expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

 

    Year Ended
February 28,
2026		     Year Ended
February 28,
2025		  
             
Net sales   $ 278     $ 50  
Cost of sales     25       29  
Gross profit     253       21  
                 
Less:                
Employee compensation and benefits     1,895       987  
Stock-based compensation expense     72       1,601  
Consulting and outside provider costs     425       288  
Property lease and utility costs     482       509  
Depreciation expense     221       154  
Program software and licensing expense     309       233  
Other operating expenses     324       1,063  
Total operating expenses     3,728       4,835  
Loss from operations   $ (3,475 )   $ (4,814 )