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Income Taxes (Tables)

12 Months Ended

Feb. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

Deferred tax assets are comprised of the following:

Schedule of Deferred Tax Assets 

		2024				2023
Deferred tax assets:
NOL carryover		$	9,226,100			$	8,636,900
Related party accruals			173,900				-
Payroll accruals			77,800				-
Deferred tax liabilities:
Depreciation			1,772,500				(61,000	)
Valuation allowance			(11,250,300	)			(8,575,900	)
Net deferred tax asset (liability)		$	-			$	-

Schedule of Reconciliation of Provision for Income Taxes

Schedule of Reconciliation of Provision for Income Taxes 

		2024				2023
Book Loss		$	(1,541,200	)		$	(1,837,400	)
Depreciation			270,100				(20,700	)
Meals & Entertainment			300				-
Preferred dividends			422,842				-
Stock compensation			24,468				(48,548	)
Loss on asset disposal			67,274				-
Accrued payroll			51,857				-
Related party accruals			114,928				-
Change in valuation allowance			589,431				1,906,648
Provision for Income Taxes		$	-			$	-

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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