Notes Payable

12 Months Ended

Feb. 28, 2021

Debt Disclosure [Abstract]

Notes Payable

6. Notes Payable

In connection with the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act, on April 27, 2020 the Company borrowed $118,750 at an annual interest rate of 1 percent. The loan matures on April 27, 2022. The Company applied for the forgiveness of this indebtedness to the maximum extent permitted by applicable law. Accrued interest for the twelve months ended February 28, 2021 was $1,002 at a rate of 1% per annum.