Notes Payable-Related Parties

6 Months Ended

Aug. 31, 2025

Notes Payable-Related Parties [Abstract]

NOTES PAYABLE-RELATED PARTIES

NOTE 5 – NOTES PAYABLE-RELATED PARTIES

Notes payable-related parties consisted of the following:

(amounts in thousands)	August 31, 2025		February 28, 2025
(a) Note payable-Jiangsu Shengfeng – past due	$	733	$	733
Total		733		733
Non-current		-		-
Current	$	733	$	733

(a) Jiangsu Shengfeng Note

On November 20, 2019, the Company owned 49% of a Chinese joint venture named Jiangsu Shengfeng. The Joint venture advanced Aura $700 in prior years for products that the Company failed to deliver to the joint venture. The Company reached an agreement with the joint venture regarding the return of $700 that had been advanced to the Company in prior years provided the joint venture remains as an operating company. As a result, in November 2019, the Company issued a non-interest-bearing promissory note for $700 to the joint venture to be paid over an 11-month period beginning March 15, 2020, through February 15, 2021. The joint venture stopped operations in 2020 as a result of COVID-19 and never resumed or restarted operations. In early fiscal 2024 the joint venture was dissolved and liquidated without filing any demands or claims for payments. As of August 31, 2025 and February 28, 2025, the outstanding balance of this note payable amounted to $733.