v3.25.4
FINANCIAL INSTRUMENTS
9 Months Ended
Nov. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]

Note 13 – FINANCIAL INSTRUMENTS

 

The following methods and assumptions are used in estimating the fair-value disclosures for financial instruments:

 

  - The carrying amounts reported on the balance sheets for cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments.
     
  - The estimated fair value of our assets held for sale was $563,600 as of November 30, 2025, and $37,000,000 February 28, 2025, respectively.
     
  - The estimated fair value of our term notes payable is estimated by management to approximate $0 and $26,507,100 as of November 30, 2025 and February 28, 2025, respectively. Management’s estimates are based on the obligations’ characteristics, including floating interest rate, maturity, and collateral.