XML 15 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 2,117,314 $ (886,659)
Adjustments to reconcile net income (loss) to cash used in operating activities    
Fair Market Value of warrants issued for services
Stock-based compensation expense 174,076
Gain on write-off of expired liabilities (3,540,826)
Changes in working capital assets and liabilities:    
Inventory (14,189)
Other current assets (3,097) 8,357
Accrued interest on notes payable 579,971 569,590
Accts payable, customer deposits and accrued expenses (145,630) (105,065)
Cash used in operating activities (832,381) (413,777)
Cash flows from financing activities    
Issuance of common stock 815,000 150,353
Payment on notes payable (35,000)
Proceeds from Federal PPP & SBA notes 224,305
Cash provided by financing activities 1,004,305 150,353
Net decrease in cash and cash equivalents 171,924 (263,424)
Beginning cash 19,807 358,209
Ending cash 191,731 94,785
Cash paid in the period for:    
Interest 2,500
Income taxes
Supplemental schedule of non-cash transactions:    
Note payable converted into shares of common stock $ 267,000