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Condensed Balance Sheets (Unaudited) - USD ($)
May 31, 2022
Feb. 28, 2022
Current assets    
Cash and cash equivalents $ 20,830 $ 150,217
Inventories 163,677 144,257
Prepaid and other current assets 202,571 255,453
Total current assets 387,078 549,927
Property and equipment, net 488,875 484,526
Operating lease right-of-use asset 956,292 1,000,467
Security deposit 132,996 159,595
Total assets 1,965,241 2,194,515
Current liabilities    
Accounts payable (including $208,507 and $208,507 due to related party, respectively) 1,980,475 1,581,724
Accrued expenses (including $793,053 and $750,322 due to related party, respectively) 1,594,997 1,692,173
Customer advances 440,331 440,331
Notes payable, current portion 89,326 97,958
Convertible notes payable, current portion 1,402,971 1,402,971
Convertible note payable-related party, current portion 3,000,000 3,000,000
Notes payable-related parties, current portion 3,857,494 12,996,069
Operating lease liability, current portion 186,117 179,450
Derivative warrant liability 274,843 828,232
Total current liabilities 12,826,554 22,218,908
Notes payable 317,208 327,658
Note payable-related party 8,089,169
Operating lease liability 817,813 867,484
Total liabilities 22,050,744 23,414,050
Commitments and contingencies
Shareholders’ deficit    
Common stock: $0.0001 par value; 150,000,000 shares authorized; 85,235,769 and 83,119,104 issued and outstanding at May 31, 2022 and February 28, 2022, respectively. 8,524 8,312
Additional paid-in capital 451,822,543 450,136,522
Accumulated deficit (471,916,570) (471,364,369)
Total shareholders’ deficit (20,085,503) (21,219,535)
Total liabilities and shareholders’ deficit $ 1,965,241 $ 2,194,515