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Income Taxes (Tables)

12 Months Ended

Feb. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets

Deferred tax assets are comprised of the following:

Schedule of Deferred Tax Assets 

		2025				2024
Deferred tax assets:
NOL carryover		$	11,500,300			$	9,226,100
Related party accruals			12,900				173,900
Payroll accruals			47,800				77,800
Deferred tax liabilities:
Depreciation			255,400				1,772,500
Valuation allowance			(11,816,400	)			(11,250,300	)
Net deferred tax asset (liability)		$	-			$	-

Schedule of Reconciliation of Provision for Income Taxes

Schedule of Reconciliation of Provision for Income Taxes 

		2025				2024
Book loss		$	(2,141,700	)		$	(1,541,200	)
Depreciation			(197,100	)			270,100
Meals & entertainment			-				300
Preferred dividends			16,506				422,842
Loss on NextPlay note receivable			210,000				-
Stock compensation			14,254				24,468
Loss on asset disposal			229				67,274
Accrued payroll			(29,991	)			51,857
Related party accruals			(161,018	)			114,928
Change in valuation allowance			2,288,820				589,431
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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