RISK FACTORS.
−Removed: should consider the “Risk Factors” included under Item 1A of our Annual Report on Form 10-K for the year ended February 28,
−Removed: 2026 filed with the SEC on May 29, 2026, as well as the following updated Risk Factor:
−Removed: of May 31, 2026, we had $803,490 in cash and a working capital deficit of $1,599,429.
−Removed: Our existing cash on hand and anticipated revenues
−Removed: are not sufficient to fund our anticipated operating costs.
−Removed: We will need to raise additional financing to fund our operations, maintain
−Removed: compliance with the Nasdaq continued listing requirements and implement our business plan.
−Removed: There is no assurance as to the amount and
−Removed: availability of any required future financing or the terms thereof.
−Removed: Such financing, if in the form of equity, may be highly dilutive
−Removed: to our existing stockholders and may otherwise include onerous terms.
−Removed: If in the form of debt, such financing may include covenants and
−Removed: repayment obligations which may be difficult to meet and that could adversely affect our business operations.
−Removed: We have no current understanding
−Removed: or arrangement to obtain any additional financing.
−Removed: To the extent that funds are not available to us, we may be required to delay, limit,
−Removed: or terminate our business operations and may lose our Nasdaq listing.
−Removed: light of the foregoing, there is substantial doubt about our ability to continue as a going concern for 12 months from the date of the
−Removed: filing of this Quarterly Report.
+Added: You should consider the “Risk Factors” included under Item 1A of our Annual Report on Form 10-K for the year ended February 28, 2026 filed with the SEC on May 29, 2026, as well as the following updated Risk Factor:
+Added: As of August 31, 2026, we had $ 1,145,136 in cash and a working capital deficit of $3,195,601, and our operating activities used $4.8 million of cash during the six months then ended.
+Added: Our existing cash and anticipated revenues are not sufficient to fund our operations, and we estimate that we will require a minimum of $5.5 million over the next twelve months, which excludes the scheduled installments on the Lind Note described below.
+Added: Our current sources of additional capital are limited to (i) advances under our $3.5 million line of credit with Monaco Investment Partners II, LP ("MIP"), an entity controlled by the Chairman of our Board, of which $485,000 was drawn after August 31, 2026 and (ii) sales of common stock under our at-the-market offering agreement with Titan Partners Securities LLC.
+Added: Neither is assured, and we have no other committed sources of financing.
+Added: If we are unable to obtain financing on acceptable terms, we may be required to delay, limit or terminate our operations and may lose our Nasdaq listing.
+Added: In light of the foregoing, there is substantial doubt about our ability to continue as a going concern within one year after the date that these financial statements are issued.
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.