Note 5 - Investment in Equity Securities |
6 Months Ended |
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Aug. 31, 2026 | |
| Notes to Financial Statements | |
| Investment in Debt and Equity Securities and Other Trading Assets [Text Block] |
NOTE 5 - Investment in Equity Securities
Investment in BlueFysh Holdings Inc.
On February 24, 2025, the Company entered into a Share Exchange Agreement with BlueFysh Holdings Inc. (“BlueFysh”), under which the Company acquired a 10% ownership interest in BlueFysh. As part of the transaction, the Company issued 483,000 shares of Series N Preferred at an issuance price of $5.00 per share, totaling $2,415,000, in exchange for 82 restricted shares of BlueFysh common stock. The transaction closed on February 28, 2025.
The Company’s investment in BlueFysh is accounted for under the measurement alternative in ASC 321-10-35-2, as the Company does not have significant influence over BlueFysh. No board appointments are contemplated as part of this transaction; however, the Company has the right to appoint a representative to the BlueFysh Advisory Committee, which will allow the Company to receive financial updates as needed and to be informed of financial events that could significantly impact the Company’s ownership position.
Since the Company’s ownership interest does not meet the criteria for significant influence pursuant to ASC 323, this investment is classified as an equity security without a readily determinable fair value and is initially recorded at cost. The Company will assess the investment for impairment in future periods and recognize any impairment losses as necessary.
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