v3.26.3
Note 14 - Convertible Note Payable and Warrant Liability (Tables)
6 Months Ended
Aug. 31, 2026
Notes Tables  
Convertible Debt [Table Text Block]

​

​

August 31, 2026

​

Principal Amount

​

$

4,600,000

​

Unamortized OID, warrant allocation and issuance costs

​

$

(1,457,985

)

Carrying amount

​

$

3,142,015

​

Less: current portion

​

$

(2,244,293

)

Non-current portion

​

$

897,722

​

Schedule of Maturities of Long-Term Debt [Table Text Block]

Fiscal year ending

 

Amount

 

February 28, 2027

 

$

1,314,290

 

February 29, 2028

 

$

3,285,710

 

Total Principal

 

$

4,600,000

 

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

 

 

2026

 

 

2025

 

Dividend yield

 

 

-

%

 

 

-

%

Risk-free interest rate

 

 

3.54% - 4.24%

 

 

 

3.9% - 4.1%

 

Expected volatility

 

 

104.5% - 119.4%

 

 

 

156.4% - 160.5%

 

Expected life (in years)

 

 

1.5 - 2.5

 

 

 

3.32 - 5.0

 

Schedule of Changes in Warrant Liability [Table Text Block]

 

 

Amount

 

Balance at February 28, 2026

 

$

-

 

Issuance of Warrant July 21, 2026

 

$

925,980

 

Change in Fair Value

 

$

(296,242

)

Balance at August 31, 2026

 

$

629,738

 

Warrant Liability [Member]  
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

​

​

August 31, 2026

​

​

July 21, 2026

​

Stock price

​

$

1.43

​

​

$

1.84

​

Exercise price

​

$

3.88

​

​

$

3.88

​

Dividend yield

​

​

-

​

​

​

-

​

Risk-free interest rate

​

​

4.46

%

​

​

4.12

%

Expected volatility

​

​

110.48

%

​

​

110.26

%

Expected life (in years)

​

​

2.5

​

​

​

2.5

​