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

9 Months Ended

Nov. 30, 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 November 30, 2024 and February 29, 2024:

	November 30, 2024			February 29, 2024
Assets	(unaudited)
Current assets:
Cash and cash equivalents	$	83		$	-
Accounts receivable, net		-			64
Inventory, net		-			1,839
Due from GalvanEyes LLC, current		-			1,238
Prepaid expenses and other current assets		-			58
Total current assets		83			3,199
Equity investment		1,147			-
Property, plant and equipment, net		-			4
Intangible assets, net		-			1,514
Due from GalvanEyes LLC, less current portion		-			1,340
Other assets		-			5
Total assets	$	1,230		$	6,062
Liabilities and Partners' Deficit
Current liabilities:
Accounts payable	$	630		$	759
Interest payable to VOXX		17,853			16,525
Accrued expenses and other current liabilities		127			287
Due to VOXX		69,174			69,377
Total current liabilities		87,784			86,948
Prepaid ownership interest in EyeLock LLC due to GalvanEyes LLC		-			9,817
Other long-term liabilities		1,200			1,200
Total liabilities		88,984			97,965
Commitments and contingencies
Partners' deficit:
Capital		48,808			41,416
Retained losses		(136,562	)		(133,319	)
Total partners' deficit		(87,754	)		(91,903	)
Total liabilities and partners' deficit	$	1,230		$	6,062

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

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) Income for the three and nine months ended November 30, 2024 and 2023:

	For the three months ended November 30,						For the nine months ended November 30,
	2024			2023			2024			2023
Net sales		-		$	91		$	8		$	401
Cost of sales		1			90			140			295
Gross profit		(1	)		1			(132	)		106
Operating expenses:
Selling		-			88			(9	)		305
General and administrative		-			399			33			1,260
Engineering and technical support		-			385			(19	)		1,606
Restructuring expenses		-			-			-			27
Total operating expenses		-			872			5			3,198
Operating loss		(1	)		(871	)		(137	)		(3,092	)
Other expense:
Interest and bank charges		(439	)		(435	)		(1,338	)		(1,296	)
Equity in loss of equity investee		(478	)		47			(1,843	)		-
Other, net		41			-			75			47
Total other expense, net		(876	)		(388	)		(3,106	)		(1,249	)
Loss before income taxes		(877	)		(1,259	)		(3,243	)		(4,341	)
Income tax expense		-			-			-			-
Net loss	$	(877	)	$	(1,259	)	$	(3,243	)	$	(4,341	)