NOTE 5 - ACCOUNTS PAYABLE AND ACCRUALS	9 Months Ended
Nov. 30, 2019
Payables and Accruals [Abstract]
NOTE 5 - ACCOUNTS PAYABLE AND ACCRUALS	Accrued expenses and other current liabilities include approximately $18,000 payable to a third party, guaranteed by our principal stockholder, for amounts paid to an account payable in October 2007 on our behalf. This amount is repayable if the proposed merger transaction with this party was not completed. This party subsequently merged with a third party and abandoned its possible transaction with the Company, however there has not been a demand for repayment of this amount. The Company believes it would be entitled to an offset for recovery of certain costs from this third party associated with that proposed transaction pursuant to understandings between the parties. Some of the amounts recorded as accounts payable may have passed the statute of limitations for purposes of the vendor seeking recovery of such monies. The Company has not undertaken a formal study to evaluate recorded payables past the statute of limitations for purposes of possible write-off of such payables. See also Notes 3 and 8 to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2019 for other information on outstanding liabilities and related matters. There was no activity in the restructuring accrual for the pre-1997 activities during the three months ended November 30, 2019 or 2018. The Company periodically adjusts the remaining accrual based on the status of the matters and activity given the passage of time.

NOTE 5 - ACCOUNTS PAYABLE AND ACCRUALS

9 Months Ended

Nov. 30, 2019

Accrued expenses and other current liabilities include approximately $18,000 payable to a third party, guaranteed by our principal stockholder, for amounts paid to an account payable in October 2007 on our behalf. This amount is repayable if the proposed merger transaction with this party was not completed. This party subsequently merged with a third party and abandoned its possible transaction with the Company, however there has not been a demand for repayment of this amount. The Company believes it would be entitled to an offset for recovery of certain costs from this third party associated with that proposed transaction pursuant to understandings between the parties.

Some of the amounts recorded as accounts payable may have passed the statute of limitations for purposes of the vendor seeking recovery of such monies. The Company has not undertaken a formal study to evaluate recorded payables past the statute of limitations for purposes of possible write-off of such payables. See also Notes 3 and 8 to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended February 28, 2019 for other information on outstanding liabilities and related matters.

There was no activity in the restructuring accrual for the pre-1997 activities during the three months ended November 30, 2019 or 2018. The Company periodically adjusts the remaining accrual based on the status of the matters and activity given the passage of time.