XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Notes Payable (Tables)
12 Months Ended
Feb. 28, 2021
Debt Disclosure [Abstract]  
Schedule of non-related party and related party notes payable transaction
Non-Related Party Promissory Notes  February 28,
2021
   February 29,
2020
 
Demand promissory notes payable with 1 individual, carrying an interest rate of 10% (see Demand Promissory Notes below)  $10,000   $768,537 
Messrs. Abdou notes payable   120,181    215,181 
U.S. Payroll Protection Plan loan program   74,405    - 
U.S. Small Business Administration-Economic Injury Disaster Loan   153,668    - 
Total Demand and Notes Payable   358,254    983,718 
Convertible Promissory Note originally dated August 10, 2012, due January 11, 2023, convertible into shares of our common stock at a price of $0.76 per share, carrying interest rate of 5%. See Convertible Promissory Notes – Dalrymple August 2012 for further details.   264,462    264,462 
Convertible Promissory Note originally dated October 2, 2012, due January 11, 2023, convertible into shares of our common stock at a price of $0.76 per share, carrying interest rate of 5%. See Convertible Promissory Notes – Dalrymple October 2012 for further details.   133,178    133,178 
Senior secured convertible notes originally dated May 7, 2013, due January 11, 2023, convertible into shares of our common stock at a price of $0.75 per share, carrying interest rate of 5%. See Convertible Debt – Kenmont Capital Partners, LPD Investments and Guenther for further details.   945,825    945,825 
Senior secured convertible notes originally dated June 20, 2013, due January 11, 2023, convertible into shares of our common stock at a price of $0.50 per share, carrying interest rate of 5%. See Convertible Debt – Dresner and Lempert for further details.   59,506    59,506 
Total Convertible Promissory Notes   1,402,971    1,402,971 
Accrued Interest - notes payable   239,038    498,698 
Total Non-Related Party   2,000,263    2,885,387 
           
Notes Payable-Related Party          
Convertible Note payable – related party, carrying an interest rate of 5% - see Note 6, Breslow Note, for further details   3,000,000    3,000,000 
Kopple Notes Payable-related party, see Kopple Notes, Note 6 below:   11,317,788    10,494,933 
Mel Gagerman Notes Payable, see Gagerman, Note 6 below:   147,226    138,526 
On November 20, 2019, the Company entered into a preliminary agreement with Jiangsu Shengfeng, the Company’s Chinese joint venture. Payment terms consist of a non-interest bearing promissory note and a payment plan pursuant to which the $700,000 is paid over a 12-month period beginning March 15, 2020 through February 15, 2021.   700,000    700,000 
Accrued Interest - notes payable- related party.   412,911    262,911 
Total Related Party   15,577,925    14,596,371 
Total notes payable and accrued interest   17,578,188    17,481,758 
Less: Current portion  $(13,015,295)  $(13,078,787)
Long-term portion  $4,562,893   $4,402,971