v3.24.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
May 31, 2024
Feb. 29, 2024
Accounting Policies [Abstract]    
Schedule of Underlying Common Shares Excluded from Computation of Loss Per Share

 

   2024   2023 
   May 31, 
   2024   2023 
Warrants   484,063    - 
Stock Options   79,560    - 
Preferred Stock   66,385    - 
Total Underlying Common Shares   630,008    - 

 

         
   Year Ended February 29 and 28, 
   2024   2023 
Warrants   486,165    - 
Stock Options   85,300    - 
Preferred Stock   475,835    - 
Total Underlying Common Shares   1,047,300    - 
Schedule of Estimated Useful Lives for Property and Equipment  

 Schedule of Estimated Useful Lives for Property and Equipment

Category   Method   Estimated useful life
Furniture & Fixtures   Straight line   5 years
Computer & Equipment   Straight line   3 years
Schedule of Estimated Useful Lives for Finite Life Intangible Assets  

The estimated useful lives for the Company’s finite life intangible assets are as follows:

 

Category   Method   Estimated useful life
Software   Straight line   1 - 3 years
Software licenses   Straight line   0.5 - 4 years
Schedule of Amounts Used In Computing Loss Per Share and Effect On Net Loss and Weighted Average Number Of Shares

The following table shows the amounts used in computing loss per share and the effect on net loss and the weighted average number of shares of dilutive potential common stock for the periods ended May 31, 2024 and 2023:

  

   2024   2023 
   Three Months Ended May 31, 
   2024   2023 
Loss from continuing operations  $(1,987,626)  $(1,095,371)
Preferred dividends   (10,688)   - 
Loss from continuing operations applicable to common stockholders   (1,998,314)   (1,095,371)
Gain from discontinued operations applicable to common stockholders   8,909    - 
Net loss applicable to common stockholders  $(1,989,405)  $(1,095,371)
           
Weighted average number of common shares outstanding used in loss per share during the period (denominator)   1,279,165    83,371 

The following data show the amounts used in computing loss per share and the effect on income and the weighted average number of shares of dilutive potential common stock for the periods ended February 29, 2024 and 2023:

 

       
   Year Ended February 
   2024   2023 
Loss from continuing operations  $(6,656,837)  $(5,033,496)
Preferred dividends   (7,125)   - 
Loss from continuing operations applicable to common stockholders   (6,663,962)   (5,033,496)
Loss from discontinued operations applicable to common stockholders   (675,314)   - 
Net loss applicable to common stockholders  $(7,339,276)  $(5,033,496)
           
Weighted average number of common shares Outstanding used in loss per share during the Period (denominator)   228,274    71,581