NOTE 7 – LEASES

During the three months ended May 31, 2026 and 2025, lease costs totaled $72 and $63, respectively.

As of February 28, 2026, operating lease liabilities totaled $181. During the three months ended May 31, 2026, the Company made aggregate payments of $76 towards its operating lease liability. As of May 31, 2026, operating lease liabilities totaled $105, of which $86 was current.

As of May 31, 2026, the weighted average remaining lease terms for an operating lease are 0.95 years. As of May 31, 2026, the weighted average discount rate on the operating lease is 10.0%.

In June 2026, the Company amended its facility lease agreement to extend the lease term to August 2028 and revise the monthly lease payments. The amendment will be accounted for as a lease modification in June 2026, including remeasurement of the lease liability and corresponding right-of-use asset using the discount rate in effect on the modification date.