CASH

6 Months Ended

Aug. 31, 2023

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

Note 2 – CASH

The below table reconciles cash, cash equivalents and restricted cash as reported in the condensed balance sheets to the total of the same amounts shown in the condensed statements of cash flows:

	August 31, 2023		August 31, 2022
Cash and cash equivalents	$	1,480,900	$	832,500
Restricted cash		1,077,800		-
Total cash, cash equivalents and restricted cash shown in the condensed statements of cash flows	$	2,558,700	$	832,500

The Company contracts with Braintree Payment Services and PayPal, Inc. (together “PayPal”), third-party merchant service processors, to capture PayPal, Visa, Discover and Mastercard payments from customers. Approximately 90% of all payments received by the Company are channeled through these processors. During the second quarter of fiscal 2024, PayPal, under the terms of our agreements, began to hold cash payments received from customers in reserve to offset any potential chargebacks. The Company has classified the cash held in reserves as restricted cash.