Variable Interest Entity (Tables) - Variable Interest Entity, Primary Beneficiary [Member]

3 Months Ended

May 31, 2024

Variable Interest Entity [Line Items]

Summary of Carrying Values of Assets and Liabilities Included in Consolidated Balance Sheets

The following table sets forth the carrying values of assets and liabilities of EyeLock LLC that were included on our Consolidated Balance Sheets as of May 31, 2024 and February 29, 2024:

	May 31, 2024			February 29, 2024
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	384		$	-
Accounts receivable, net		(130	)		64
Inventory, net		-			1,839
Due from GalvanEyes LLC, current		-			1,238
Prepaid expenses and other current assets		539			58
Total current assets		793			3,199
Equity investment		2,225			-
Property, plant and equipment, net		-			4
Intangible assets, net		-			1,514
Due from GalvanEyes LLC, less current portion		-			1,340
Other assets		5			5
Total assets	$	3,023		$	6,062
Liabilities and Partners' Deficit
Current liabilities:
Accounts payable	$	676		$	759
Interest payable to VOXX		16,971			16,525
Accrued expenses and other current liabilities		132			287
Due to VOXX		70,003			69,377
Total current liabilities		87,782			86,948
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC		-			9,817
Other long-term liabilities		1,200			1,200
Total liabilities		88,982			97,965
Commitments and contingencies
Partners' deficit:
Capital		48,955			41,416
Retained losses		(134,914	)		(133,319	)
Total partners' deficit		(85,959	)		(91,903	)
Total liabilities and partners' deficit	$	3,023		$	6,062

Summary of Revenues and Expenses Included in Consolidated Statements of Operations and Comprehensive Income (Loss)

The following table sets forth the revenues and expenses of EyeLock LLC that were included in our Unaudited Consolidated Statements of Operations and Comprehensive Loss for the three months ended May 31, 2024 and 2023:

	For the three months ended May 31,
	2024			2023
Net sales	$	8		$	100
Cost of sales		-			52
Gross profit		8			48
Operating expenses:
Selling		1			189
General and administrative		37			439
Engineering and technical support		(13	)		658
Total operating expenses		25			1,286
Operating loss		(17	)		(1,238	)
Other expense:
Interest and bank charges		(451	)		(428	)
Equity in loss of equity investee		(764	)		-
Other, net		(363	)		-
Total other expense, net		(1,578	)		(428	)
Loss before income taxes		(1,595	)		(1,666	)
Income tax expense		-			-
Net loss	$	(1,595	)	$	(1,666	)