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Subsequent Events
9 Months Ended
Nov. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

In December 2022, the Company executed a fourth amendment to the March 2022 settlement to extend the balance due on the initial $3,000,000 payment to January 2023 (see Note 9). The Company paid an additional $30,000 to the Kopple Parties for the extension, bringing the aggregate total to $105,000 for cash payments related to the extensions. Additionally, the Company agreed to pay an additional $100,000 forbearance fee to be paid with the final interest payment under the settlement, bringing the aggregate total to $230,000 in these deferred forbearance fees.

Subsequent to November 30, 2022, the Company issued 442,424 shares of common stock in exchange for cash proceeds of approximately $146,000.