Accrued Expenses

3 Months Ended

May 31, 2021

Payables and Accruals [Abstract]

ACCRUED EXPENSES

NOTE 4 – ACCRUED EXPENSES

Accrued expenses consisted of the following as of the periods referenced below:

	May 31, 2021		February 28, 2021
Accrued payroll and related expenses		640,729		547,412
Accrued interest		259,180		239,038
Accrued interest-related party		450,719		412,911
Other accrued expenses		178,647		88,747
	$	1,529,275	$	1,288,107

Accrued payroll and related expenses consist primarily of salaries and vacation time accrued in prior years but not paid to employees due to our lack of financial resources (see Note 7). Accrued interest consists of amounts due (see Note 3) to holders of convertible promissory notes of $1.4 million and for demand and other promissory notes of approximately $0.3 million at May 31, 2021. The accrued interest-related party is related to principal amount due to Mr. Breslow of $3.0 million as of May 31 and February 28, 2021 (see Note 6).