v3.24.3
Stockholders’ Equity (Tables)
 3 Months Ended 12 Months Ended
May 31, 2024
Feb. 29, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Schedule of Share Based Payments Award Stock Options Valuation Assumptions  

 

Assumptions:

 

   2024 
Dividend yield   0.00%
Risk-free interest rate   0.19-4.05%
Expected volatility   100.2 – 122.8%
Expected life (in years)   5 
Schedule of Stock Option Activity

Option activity for the three months ended May 31, 2024 and the year ended February 29, 2024 was as follows:

  

   Options  

Weighted

Average

Exercise

Price ($)

  

Weighted

Average

Remaining

Contractual

Life (Yrs.)

  

Aggregate

Intrinsic

Value ($)

 
                 
Options outstanding at February 28, 2023   -    -    -    - 
Options assumed pursuant to reverse acquisition   86,642    61.43    2.68    - 
Granted   -    -    -            - 
Exercised   -    -    -    - 
Forfeited or cancelled   (1,342)   120.87    -    - 
Options outstanding at February 29, 2024   85,300    60.50    2.52    - 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited or cancelled   (5,740)   67.69    -    - 
Options outstanding May 31, 2024   79,560    59.84    2.27    - 
Options expected to vest in the future as of May 31, 2024   2,572    33.82    3.3    - 
Options exercisable at May 31, 2024   76,988    60.71    2.23    - 
Options vested, exercisable, and options expected to vest at May 31, 2024   79,560    59.84    2.27    - 

Option activity for the year ended February 29, 2024 was as follows:

 

       Weighted Average   Weighted Average     
       Exercise   Remaining   Aggregate 
       Price   Contractual   Intrinsic 
   Options   ($)   Life (Yrs.)   Value ($) 
Options outstanding at February 28, 2023   -    -    -      
Options assumed pursuant to reverse acquisition   86,642    61.43    2.68            - 
Exercised   -    -    -    - 
Forfeited or cancelled   (1,342)   120.87    -    - 
Options outstanding at February 29, 2024   85,300    60.50    2.52    - 
Options expected to vest in the future as of February 29, 2024   3,451    33.25    3.54    - 
Options exercisable at February 29, 2024   81,849    61.64    2.48    - 
Options vested, exercisable, and options expected to vest at February 29, 2024   85,300    60.50    2.52    - 
Schedule of Warranty Activity

Warrant activity for the three months ended May 31, 2024 and the year ended February 29, 2024 was as follows:

  

   Warrants  

Weighted

Average

Exercise

Price ($)

  

Weighted

Average

Remaining

Contractual

Life (Yrs.)

 
Warrants outstanding at February 28, 2023   -    -    - 
Warrants assumed pursuant to reverse acquisition   217,593    21.01    1.86 
Granted   268,572    3.02    2.17 
Exercised   -    -    - 
Forfeited or cancelled   -    -    - 
Warrants outstanding at February 29, 2024   486,165    9.94    1.96 
Granted   -    -    - 
Exercised   -    -    - 
Forfeited or cancelled   (2,102)   322.00    - 
Warrants outstanding at May 31, 2024   484,063    8.58    1.71 

Warrant activity for the year ended February 29, 2024 was as follows:

 

       Weighted Average  

Weighted

Average

 
       Exercise   Remaining 
       Price   Contractual 
   Warrants   ($)   Life (Yrs.) 
Warrants outstanding at February 28, 2023   -    -    - 
Warrants assumed pursuant to reverse acquisition   217,593    21.01    1.86 
Granted   268,572    3.02    2.17 
Exercised   -    -    - 
Forfeited or cancelled   -    -    - 
Warrants outstanding at February 29, 2024   486,165    9.94    1.96 

 

 
Stock Appreciation Rights [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Schedule of Share Based Payments Award Stock Options Valuation Assumptions  

The fair value of outstanding SAR awards was estimated using the Black-Scholes model with the following weighted-average assumptions for the twelve months ended February 29, 2024:

 

Assumptions:

 

   2024 
Dividend yield   0.00%
Risk-free interest rate   0.22-2.79%
Expected volatility   108.7-122.8.0%
Expected life (in years)   5 
Schedule of Stock Option Activity

SARs activity for the three months ended May 31, 2024 and the year ended February 29, 2024 was as follows:

  

   Options  

Weighted

Average

Exercise

Price ($)

  

Weighted

Average

Remaining

Contractual Life (Yrs.)

  

Aggregate

Intrinsic

Value ($)

 
                 
SARs outstanding at February 28, 2023   -    -    -    - 
SARs assumed pursuant to reverse acquisition   40,390    44.77    2.99    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
SARs outstanding at February 29, 2024   40,390    44.77    2.99    - 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited or cancelled   (167)   37.40    -    - 
SARs outstanding May 31, 2024   40,223    44.80    2.73    - 
SARs expected to vest in the future as of May 31, 2024   6,670    34.77    2.98    - 
SARs exercisable at May 31, 2024   33,553    46.79    2.69    - 
SARs vested, exercisable, and SARs expected to vest at May 31, 2024   40,223    44.80    2.73    - 

SARs activity for the year ended February 29, 2024 was as follows:

 

       Weighted Average   Weighted Average     
       Exercise   Remaining   Aggregate 
       Price   Contractual   Intrinsic 
   SARs   ($)   Life (Yrs.)   Value ($) 
SARs outstanding at February 28, 2023   -    -    -           - 
SARs assumed pursuant to reverse acquisition   40,390    44.77    2.99    - 
Exercised   -    -    -    - 
Forfeited or cancelled   -    -    -    - 
SARs outstanding February 29, 2024   40,390    44.77    2.99    - 
SARs expected to vest in the future as of February 29, 2024   6,886    35.25    3.23    - 
SARs exercisable at February 29, 2024   

33,504

    46.72    2.93    - 
SARs vested, exercisable, and options expected to vest at February 29, 2024   40,390    44.77    2.99    -