v3.26.3
Note 10 - Series B Convertible Preferred Stock
6 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Preferred Stock [Text Block]

10. Series B Convertible Preferred Stock

 

The balance of Series B Convertible Preferred Stock as at  August 31, 2026 and  February 28, 2026 was as follows:

 

  

August 31, 2026

  

February 28, 2026

 

Stated value

 $11,439  $11,439 

Accrued PIK dividends

  1,365   615 

Series B Convertible Preferred Stock

 $12,804  $12,054 

 

During the three- and six-month periods ended August 31, 2026, the Company recorded PIK dividends of $375 and $750 respectively, (2025 – $341 and $681 respectively), which were recorded in “Interest and other financial expenses” in our Consolidated Statements of Operations and Comprehensive Loss.