XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
May 31, 2022
May 31, 2021
Statement of Cash Flows [Abstract]    
Net loss $ (552,201) $ (905,717)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation and amortization 18,222 772
Gain on extinguishment of PPP loan (75,104)
Gain on extinguishment of derivative warrant liability, net (44,620)
Change in fair value of derivative warrant liability (553,389) (82,800)
Gain on debt settlement (4,292)
Share-based compensation 163,218
Changes in operating assets and liabilities:    
Inventory (19,420) (30,363)
Prepaid and other current assets 52,882 23,452
Deposit 26,599
Operating lease right-of-use asset 44,176 40,383
Accounts payable and accrued expenses 244,321 108,392
Accrued interest on notes payable 59,321 268,817
Operating lease liability (43,005) 7,149
Cash used in operating activities (722,494) (530,713)
Cash used in investing activities:    
Purchase of property and equipment (22,571) (16,522)
Cash flows from financing activities:    
Proceeds from issuance of common stock 634,760 283,000
Principal payments of notes payable (19,082) (30,000)
Proceeds from government assistance loans – PPP loan 91,235
Cash provided by financing activities 615,678 344,235
Net decrease in cash and cash equivalents (129,387) (203,000)
Cash and cash equivalents-beginning of period 150,217 390,702
Cash and cash equivalents-end of period 20,830 187,702
Cash paid for:    
Interest 38,692
Income taxes
Supplemental schedule of non-cash transactions:    
Fair value of warrants issued for note settlement $ 1,051,473