24 unchanged sentences
Holders of Common Shares
−Removed: 23, 2024, there were approximately 81 holders of record of our common stock as reported by our transfer agent, VStock Transfer, LLC, which
−Removed: does not include shareholders whose shares are held in street or nominee names.
+Added: 23, 2025, there were approximately 335 holders of record of our common stock as reported by our transfer agent, VStock Transfer, LLC,
+Added: which does not include shareholders whose shares are held in street or nominee names.
We have never declared or paid any cash dividends
on our capital stock.
−Removed: We currently intend to grant a dividend in kind of warrants to purchase shares of our common stock to holders of
−Removed: our common stock as previously disclosed, however, we intend to use the net proceeds from any offerings of our securities and our future
−Removed: earnings, if any, to finance the further development and expansion of our business and do not intend or expect to pay cash dividends in
−Removed: the foreseeable future.
−Removed: Payment of future cash dividends, if any, will be at the discretion of our board of directors after taking into
−Removed: account various factors, including our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness,
−Removed: and plans for expansion and restrictions imposed by lenders, if any.
+Added: We intend to use the net proceeds from any offerings of our securities and our future earnings, if any, to finance
+Added: the further development and expansion of our business and do not intend or expect to pay cash dividends in the foreseeable future.
+Added: of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including
+Added: our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness, and plans for expansion and
+Added: restrictions imposed by lenders, if any.
Recent Sales of Unregistered Securities
3 unchanged sentences
Subsequent to the Year Ended February 28,
−Removed: On March 29, 2024, we issued 17,500 shares of
−Removed: our common stock at a deemed price of $2.80 per share to one entity pursuant to consulting agreements, dated February 27, 2023 and February
−Removed: We relied upon the exemption from registration under the Securities Act provided by Rule 506(b) or Section 4(a)(2) of the Securities
−Removed: Act for the issuance of the shares to the entity that is a U.S.
+Added: On March 3, 2025, we issued 27,500 shares of our
+Added: common stock at a deemed price of $1.86 per share to one entity pursuant to a consulting agreement.
+Added: We relied upon the exemption from
+Added: registration under the Securities Act provided by Rule 506(b) of Regulation D and/or Section 4(a)(2) of the Securities Act for the issuance
+Added: of the shares to the entity that is a U.S.
+Added: On May 28, 2025, we issued an aggregate of 940,000
+Added: shares of our common stock at a price of $2.50 per share to eight individuals due to the closing of a private placement for aggregate
+Added: gross proceeds of $2,350,000.
+Added: We relied upon the exemption from registration under the Securities Act, provided by Rule 903 of Regulation
+Added: S promulgated under the Securities Act for the issuance of the shares to the non-U.S.
+Added: persons as the shares were issued to the non-U.S.
+Added: persons through offshore transactions which were negotiated and consummated outside the United States.
+Added: The proceeds from the private placement
+Added: offering will be used for general corporate and working capital purposes.
+Added: In connection with the closing of the private
+Added: placement on May 28, 2025, we paid cash finder’s fees of $235,000 to one non-U.S.
Issuer Repurchases of Equity Securities
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.