EARNINGS (LOSS) PER SHARE

12 Months Ended

Feb. 28, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

16. EARNINGS (LOSS) PER SHARE

The net income (loss) per common share amounts were determined as follows:

	For the Year Ended
	February 28,			February 28,
	2023			2022
Numerator:
Net income (loss) available to common shareholders	$	(18,109,457	)	$	(62,197,484	)
Effect of common stock equivalents
Add: interest expense on convertible debt		47,075			24,954
Add (less) loss (gain) on change of derivative liabilities		(3,595	)		(372,214	)
Net income (loss) adjusted for common stock equivalents		(18,065,977	)		(62,544,744	)
Denominator:
Weighted average shares - basic		5,091,857,082			4,029,658,082
Net income (loss) per share – basic	$	(0.00	)	$	(0.02	)
Denominator:
Weighted average shares – diluted		5,091,857,082			4,029,658,082
Net income (loss) per share – diluted	$	(0.00	)	$	(0.02	)

The anti-dilutive shares of common stock equivalents for the years ended February 28, 2023 and February 28, 2022 were as follows:

	For the Year Ended
	February 28,		February 28,
	2023		2022
Convertible notes and accrued interest		—		4,927,561
Convertible Class F Preferred Shares*		—		—
Stock options and warrants		496,942,251		1,256,845,661
Total		496,942,251		1,261,773,222

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* On August 23, 2021, the Company filed amended Series F preferred shares such that Series F preferred shares are not convertible into common stock by a holder until (A) August 23, 2023 or (B) the date on which such a conversion may be required for the purpose of (i) uplisting the Company to a new stock exchange, or (ii) selling more than 50% of the Company’s assets. Had these Series F preferred shares been convertible at February 28, 2023 and 2022 the dilutive effects would be as follows:

	For the Year Ended
	February 28
	2023	2022
Convertible Series F Preferred Shares	20,178,158,517	16,336,475,742