NOTE 2 – CONVERTIBLE NOTES PAYABLE Convertible notes payable consisted of the following: | | | May 31,
2026 | | | February 28,
2026 | | | (a) Convertible notes payable 1 – past due | | $ | 1,403 | | | $ | 1,403 | | | (b) Convertible notes payable 2 – past due | | | 90 | | | | 90 | | | Total | | $ | 1,493 | | | $ | 1,493 | | | (a) | In Fiscal 2013 and 2014, the Company issued nine convertible notes payable in the aggregate of $4,000. The notes are unsecured, bear interest at 5% per annum, and are convertible into shares of common stock at a conversion price of $1.40 per share, as adjusted. The notes were originally due in 2014 to 2017 and were amended in 2017 to extend maturity to April 8, 2022. As of May 31, 2026 and February 28, 2026, the outstanding balance of the convertible notes payable amounted to $1,403 and is past due. | | (b) | In Fiscal 2024, the Company issued convertible notes payable to unrelated individuals and entities totaling $110 in exchange for cash. The notes are unsecured, bear interest at a rate of 10% per annum, and matured in March 2024. The notes payable are convertible into shares of common stock at a conversion price of $0.20 per share. As of May 31, 2026, and February 28, 2026, the outstanding balance of the convertible notes payable amounted to $90 and is past due. | At May 31, 2026, the total outstanding convertible notes payable of $1,493 and accrued interest of $602 are convertible into 1,982,321 shares of common stock at conversion rates ranging from $0.20 to $1.40 per share.
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