Accrued Expenses

9 Months Ended

Nov. 30, 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:

	November 30,		February 28,
	2021		2021
Accrued payroll and related expenses	$	710,550	$	547,412
Accrued interest		298,328		239,038
Accrued interest-related party		525,925		412,911
Accrued professional fees		80,000		19,000
Other accrued expenses		113,973		69,747
	$	1,728,775	$	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 Notes 6 and 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 $0.5 million at November 30, 2021. The accrued interest-related party is related to principal amount due to Mr. Breslow of $3.0 million as of November 30 and February 28, 2021 (see Note 6).