v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 28, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Assets and Liabilities at Fair Value

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities at fair value as of February 28, 2026 and 2025:

 

    February 28, 2026  
(amounts in thousands)   Level 1     Level 2     Level 3     Total  
Liabilities                        
Derivative liability – convertible note conversion option   $            -     $            -     $ 22,844     $ 22,844  
Total   $ -     $ -     $ 22,844     $ 22,844  

 

    February 28, 2025  
    Level 1     Level 2     Level 3     Total  
Liabilities                        
Derivative liability – convertible note conversion option   $            -     $            -     $ 17,565     $ 17,565  
Total   $ -     $ -     $ 17,565     $ 17,565  
Schedule of Derivative Liability Measured at Fair Value

The following table provides a roll-forward of the derivative liability measured at fair value on a recurring basis using unobservable level 3 inputs for the period ended February 28, 2026, as follows:

 

(amounts in thousands)   Fair Value of
Derivative
Warrant
Liability		  
February 28, 2025   $ 17,565  
Change in fair value of derivative liability     5,279  
February 28, 2026   $ 22,844  
Schedule of Dilutive Securities Would Have Had an Anti-Dilutive Effect

For the years ended February 28, 2026 and 2025, the calculations of basic and diluted loss per share are the same because potential dilutive securities would have had an anti-dilutive effect. The potentially dilutive securities consisted of the following:

 

    February 28,
2026		    

February 28,

2025

  
Warrants     6,451,664       6,511,664  
Options     4,000,000       8,250,000  
Convertible notes     176,479,241       59,092,024  
Total     186,930,905       73,853,688