Item 1A. Risk Factors
ITEM 1A. RISK FACTORS.
You should consider the “Risk Factors”
included under Item 1A of our Annual Report on Form 10-K for the year ended February 29, 2025 filed with the SEC on May 29, 2025, as well
as the following updated Risk Factor:
As of May 31, 2025, we had $130,906 in cash and
a working capital deficit of $1,142,891. Our existing cash on hand and anticipated revenues are not sufficient to fund our anticipated
operating costs. We will need to raise additional financing to fund our operations, maintain compliance with the Nasdaq continued listing
requirements and implement our business plan. There is no assurance as to the amount and availability of any required future financing
or the terms thereof. Such financing, if in the form of equity, may be highly dilutive to our existing stockholders and may otherwise
include onerous terms. If in the form of debt, such financing may include covenants and repayment obligations which may be difficult to
meet and that could adversely affect our business operations. We have no current understanding or arrangement to obtain any additional
financing. To the extent that funds are not available to us, we may be required to delay, limit, or terminate our business operations
and may lose our Nasdaq listing.
In 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 filing of this Quarterly Report,
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.