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Convertible Note Payable-Related Party - Schedule of Convertible Note Payable – Related Party (Details) - Related Party [Member] - USD ($)
$ in Thousands
Aug. 31, 2025
Feb. 28, 2025
Schedule of Convertible Notes Payable [Line Items]    
Convertible note payable – related party $ 12,279 $ 12,279
Convertible note payable to former director – past due [Member]    
Schedule of Convertible Notes Payable [Line Items]    
Convertible note payable – related party [1] 3,000 3,000
Convertible note payable to director – past due [Member]    
Schedule of Convertible Notes Payable [Line Items]    
Convertible note payable – related party [2] 20 20
Convertible note payable – Kopple [Member]    
Schedule of Convertible Notes Payable [Line Items]    
Convertible note payable – related party [3] $ 9,259 $ 9,259
[1] On January 24, 2017, the Company entered into a debt refinancing agreement with a former director and current shareholder of the Company. As part of the agreement, the Company issued a $3,000 convertible note. The convertible note is unsecured, bears interest at 5% per annum, and was due February 2, 2023. The convertible note is convertible into shares of common stock at a conversion price of $1.40 per share, as adjusted.  As of August 31, 2025 and February 28, 2025, the outstanding balance of the convertible note amounted to $3,000 and is past due.
[2] On October 4, 2023, the Company issued a convertible note payable of $20 in exchange for cash to a member of the Company’s Board of Directors. The convertible note is unsecured, bears interest at rate of 10% per annum and matured in March 2024. The convertible note payable is convertible to common stock at a conversion price of $0.20 per share. As of August 31, 2025 and February 28, 2025, the outstanding balance of the convertible note amounted to $20 and is past due.
[3]

The convertible note payable to Robert Kopple and associated entities (collectively “Kopple”) as amended in March 2024, is secured by tangible and intangible assets of the Company, bears interest at a rate of 10% per annum (15% on default) and matures in June 2029. As of August 31, 2025 and February 28, 2025, the outstanding balance of the convertible note payable was $9,259. Robert Kopple is the former Vice-Chairman of the Company’s Board of Directors and is a current shareholder in the Company.

 

The convertible note (i) requires $2,000, originally due December 2024, to be paid by December 2025; (ii) added a fee of $15 monthly until the Company makes a principal payment of $2,000; (iii) effective August 30, 2024, the Company granted Kopple a 36 month right (but not any obligation) to convert the note payable into equity of the Company at a conversion price equal to the lower of $1 per share or 50% of the 10 day volume weighted average price per share of the Company’s common stock; (iv) requires the Company to pay 20% of all collected revenues within 10 days of the end of each fiscal quarter; (v) requires the Company to pay Kopple 20% of any amount raised in new capital in the form of equity, debt or convertible debt above $3,500; (vi) reduces the exercise price of the warrants granted to Kopple in March 2022 from $0.85 per share to $0.50 per share; and (vii) extends the warrant expiration date of the warrants granted to Kopple from March 8, 2029, to March 31, 2031.