Shareholders’ Deficit (Tables)

12 Months Ended

Feb. 29, 2024

Shareholders’ Deficit [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s stock option activity is as follows:

	Number of Shares			Exercise Price		Weighted Average Intrinsic Value
(amounts in thousands, except share and per share data)
Total options, February 28, 2022		5,059,769		$	0.55	$	360
Granted		-			-		-
Exercised		-			-		-
Expired		(266,912	)		1.40		-
Total options, February 28, 2023		4,792,857		$	0.48	$	394
Granted		-			-		-
Exercised		-			-		-
Expired		(542,857	)		1.40		-
Total options, February 29, 2024		4,250,000		$	0.37	$	-
Exercisable, February 29, 2024		4,250,000		$	0.37	$	-

Schedule of Exercise Prices and Information Related to Options

The exercise prices and information related to options under the 2011 Plan outstanding on February 29, 2024, are as follows:

Range of Exercise Price	Stock Options Outstanding		Stock Options Exercisable		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price of Options Outstanding		Weighted Average Exercise Price of Options Exercisable
$0.25 to $1.40		4,250,000		4,250,000		1.67	$	0.37	$	0.37

The exercise prices and information related to the warrants under the 2011 Plan outstanding on February 29, 2024, are as follows:

Range of Exercise Price	Stock Warrants Outstanding		Stock Warrants Exercisable		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price of Warrants Outstanding		Weighted Average Exercise Price of Warrants Exercisable
$0.50 to $1.40		3,521,664		3,521,664		4.9	$	0.83	$	0.83

Schedule of Warrant Activity

	Number of Warrants			Exercise Price
Outstanding, February 28, 2022		4,800,834		$	1.40
Granted		3,451,664			0.82
Exercised		-			-
Expired		(4,687,734	)		1.40
Outstanding, February 28, 2023		3,564,764		$	0.86
Granted		60,000			0.50
Exercised		-			-
Expired		(103,100	)		1.40
Outstanding, February 29, 2024		3,521,664		$	0.83

Schedule of Determined the Fair Value of the Kopple Warrants

The fair values of warrants issued during the year ended February 29, 2024, and February 28, 2023, were computed using various option pricing models including Black-Scholes model (notes payable warrants) and binomial model (services warrants) using the weighted average assumptions as set forth in the table below:

	Weighted Average Assumptions for Warrants Issued During the Fiscal 2024			Weighted Average Assumptions for Warrants Issued During the Fiscal 2023
Exercise Price	$	0.50		$	0.84
Share Price	$	0.164		$	0.341
Volatility %		160	%		224.6	%
Risk-Free Rate		4.9	%		2.04	%
Expected Term (yrs.)		1.5			6.9
Dividend Rate		0	%		0	%