LEASES

6 Months Ended

Aug. 31, 2026

Note 5 – LEASES

Our lessee arrangements include six rental agreements where we have the exclusive use of dedicated office space in San Diego, California, Ogden, Utah, a warehouse space in Joplin, Missouri and three leases for office and warehouse space locally in Tulsa, Oklahoma, all of which qualify as operating leases under ASC 842.

The following summarizes right-of-use assets and lease liabilities reported in our condensed balance sheets:

	August 31, 2026			February 28, 2026
Operating lease assets:
Right-of-use assets	$	6,499,700		$	6,716,100

Operating lease liabilities:
Current lease liabilities	$	1,183,100		$	1,371,700
Long-term lease liabilities	$	5,316,600		$	5,344,400

Weighted-average remaining lease term (months)		96.3			108.9
Weighted-average discount rate		5.93	%		6.36	%

The following summarizes the lease expense activity for periods reported in our condensed statements of operations:

	Three Months Ended August 31,				Six Months Ended August 31,
	2026		2025		2026		2025
Fixed lease costs	$	388,300	$	170,700	$	776,600	$	341,300

Future minimum rental payments under operating leases with initial terms greater than one year as of August 31, 2026, are as follows:

Years ending February 28,
2027	$	610,000
2028		1,037,700
2029		958,200
2030		929,200
2031		952,500
Thereafter		4,766,500
Total future minimum rental payments		9,254,100
Less: imputed interest		(2,754,400	)
Total operating lease liabilities	$	6,499,700

The following table provides further cash flow information about our operating leases reported in our condensed statements of cash flows:

	Three Months Ended August 31,				Six Months Ended August 31,
	2026		2025		2026		2025
Operating cash outflows – operating leases	$	388,300	$	170,700	$	776,600	$	341,300