XML 56 R37.htm IDEA: XBRL DOCUMENT v3.24.3
Stockholders’ Equity (Tables)
6 Months Ended 12 Months Ended
Aug. 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   100.2122.8%
Expected life (in years)   5 
Schedule of Stock Option Activity

Option activity for the six months ended August 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   (6,423)   87.06    -    - 
Options outstanding August 31, 2024   78,877    58.19    2.03    - 
Options expected to vest in the future as of August 31, 2024   1,432    32.25    3.10    - 
Options exercisable at August 31, 2024   77,445    58.67    2.01    - 
Options vested, exercisable, and options expected to vest at August 31, 2024   78,877    58.19    2.03    - 

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 six months ended August 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 August 31, 2024   484,063    8.58    1.46 

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 

 

 

Schedule of Stock Appreciation Rights Activity

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

 

 

   SARs  

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 August 31, 2024   40,223    44.80    2.49    - 
SARs expected to vest in the future as of August 31, 2024   5,645    29.37    2.84    - 
SARs exercisable at August 31, 2024   34,578    47.31    2.43    - 
SARs vested, exercisable, and SARs expected to vest at August 31, 2024   40,223    44.80    2.49    - 
 
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 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    -