Accrued Expenses

6 Months Ended

Aug. 31, 2021

Payables and Accruals [Abstract]

ACCRUED EXPENSES

NOTE 4 – ACCRUED EXPENSES

Accrued expenses and other current liabilities consisted of the following as of the periods referenced below:

	August 31, 2021		February 28, 2021
Accrued payroll and related expenses		608,309		547,412
Accrued interest		279,491		239,038
Accrued interest-related party		488,527		412,911
Other accrued expenses		187,973		88,747
	$	1,564,301	$	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 August 31, 2021. The accrued interest-related party is related to principal amount due to Mr. Breslow of $3.0 million as of August 31 and February 28, 2021 (see Note 6). Other accrued expenses consists primarily of unbilled professional fees of $98,000.