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QEGY Quantum Energy

Document And Entity Information

Document And Entity Information3 Months Ended
May 31, 2021shares
Document Information [Line Items]
Entity Registrant NameQUANTUM ENERGY INC.
Entity Central Index Key0001295961
Trading Symbolqegy
Current Fiscal Year End Date--02-28
Entity Filer CategoryNon-accelerated Filer
Entity Current Reporting StatusYes
Entity Emerging Growth Companytrue
Entity Ex Transition Periodfalse
Entity Small Businesstrue
Entity Interactive Data CurrentYes
Entity Common Stock, Shares Outstanding (in shares)48,491,485
Entity Shell Companyfalse
Document Type10-Q
Document Period End DateMay 31,
2021
Document Fiscal Year Focus2022
Document Fiscal Period FocusQ1
Amendment Flagfalse
Title of 12(b) SecurityCommon stock, $0.001 Par Value

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)May 31, 2021Feb. 28, 2021
Current Assets
Cash $ 1,353,848 $ 47
Total Current Assets1,353,848 47
Investment - IEC3,630,000
Total Assets4,983,848 47
Current Liabilities
Accounts Payable and Accrued Expenses210,740 220,140
Accounts Payable and Accrued Expenses - Related Parties677,311 343,770
Common Stock Payable6,180,170 200,000
Convertible Note Payable 67,500
Derivative Liability 116,399
Promissory Notes Payable76,305 76,305
Promissory notes payable, related party106,015 106,015
Total Current Liabilities7,250,541 1,130,129
Total Liabilities7,250,541 1,130,129
Stockholders' Deficit
Common Stock - $0.001 Par; 495,000,000 Shares Authorized, 48,491,485 Issued and Outstanding, Respectively48,491 48,491
Additional Paid-In-Capital11,449,681 11,449,681
Accumulated Deficit(13,764,865)(12,628,254)
Total Stockholders' Deficit(2,266,693)(1,130,082)
Total Liabilities and Stockholders' Deficit $ 4,983,848 $ 47

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / sharesMay 31, 2021Feb. 28, 2021
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares)495,000,000 495,000,000
Common stock, shares issued (in shares)48,491,485 48,491,485
Common stock, shares outstanding (in shares)48,491,485 48,491,485

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)3 Months Ended
May 31, 2021May 31, 2020
Sales - Related Party $ 541,211
Operating Expenses
Advertising and Marketing
Management Fees and Consulting56,250
General and Administrative335,667
Professional Fees881,721
Total Operating Expenses1,273,638
Loss Before Other Income and (Expense)(732,427)
Other Income and (Expense)
Gain on Debt Conversion140,395
Gain on Derivative 20,441
Interest Expense(3,368)(7,379)
Total Other Income and (Expense)137,027 13,062
Income (Loss) Before Income Tax Expense(595,400)13,062
Income Tax Expense
Net Income (Loss) for the Period $ (595,400) $ 13,062
Weighted Average Number of Common Shares -
Basic and Diluted (in shares)48,491,485 48,491,485
Net Income (Loss) for the Period Per Common Shares -
Basic and Diluted (in dollars per share) $ (0.01) $ 0

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)3 Months Ended
May 31, 2021May 31, 2020
Cash Flows from Operating Activities
Net Income (Loss) for the Period $ (595,400) $ 13,062
Non-Cash Adjustments:
Gain on Derivative (20,441)
Gain on Debt Conversion(140,395)
Changes in Assets and Liabilities:
Accounts Receivable(541,211)
Accounts Payable and Accrued Expenses14,596 7,379
Accounts Payable and Accrued Expenses - Related Parties333,541
Net Cash Flows Used In Operating Activities(928,869)
Cash Flows from Investing Activities
Cash Paid for Investment(3,630,000)
Net Cash Flows Used In Investing Activities(3,630,000)
Cash Flows from Financing Activities
Cash Received for Stock Payable5,980,170
Repayment of Convertible Note Payable(67,500)
Net Cash Flows Provided By Financing Activities5,912,670
Net Change in Cash1,353,801
Cash - Beginning of Period47 47
Cash - End of Period1,353,848 47
Cash Paid During the Period for:
Interest2,500
Income Taxes

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)Common Stock [Member]Additional Paid-in Capital [Member]Retained Earnings [Member]Total
Balance (in shares) at Feb. 29, 202048,491,485
Balance at Feb. 29, 2020 $ 48,491 $ 11,449,681 $ (12,410,855) $ (912,683)
Net income (loss) for the period 13,062 13,062
Net Income (Loss) for the Period 13,062 13,062
Balance (in shares) at May. 31, 202048,491,485
Balance at May. 31, 2020 $ 48,491 11,449,681 (12,397,793)(899,621)
Balance (in shares) at Feb. 28, 202148,491,485
Balance at Feb. 28, 2021 $ 48,491 11,449,681 (12,628,254)(1,130,082)
Net income (loss) for the period (595,400)(595,400)
Net Income (Loss) for the Period (595,400)(595,400)
Balance (in shares) at May. 31, 202148,491,485
Balance at May. 31, 2021 $ 48,491 $ 11,449,681 $ (13,223,654) $ (2,266,693)

Note 1 - Nature of Operations

Note 1 - Nature of Operations3 Months Ended
May 31, 2021
Notes to Financial Statements
Nature of Operations [Text Block]NOTE 1 QUANTUM ENERGY INC. (“the Company”) was incorporated under the name “Boomers Cultural Development Inc.” under the laws of the State of Nevada on February 5, 2004. May 18, 2006, The Company is a development stage diversified holding company; with operations centered on the refining of rare earth materials and the production of magnets and magnetic assemblies including an emphasis in real estate holdings, refinery assets, and related waste water treatment assets and operations. The Company is domiciled in the Unites States of America and trades on the OTC market under the symbol QEGY.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies3 Months Ended
May 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]NOTE 2 Basis of Presentation The accompanying condensed consolidated balance sheet has been derived from the February 28, 2021 May 31, 2021 2020, 10 8 X. not 10 February 28, 2021 ( “2021 three May 31, 2021, not February 28, 2021. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company after elimination of the intercompany accounts and transactions. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Risks and uncertainties The Company's operations are subject to significant risks and uncertainties, including financial, operational, technological and other risks associated with operating an emerging business, including the potential risk of business failure. Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three Fair value of financial instruments The Company's financial instruments include cash and cash equivalents, promissory notes payable, and promissory notes payable - related parties. All instruments are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at May 31, 2021 February 28, 2021, When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 2 3 At May 31, 2021 February 28, 2021, no Long-Lived Assets The Company reviews long-lived assets which include a deposit on land purchase for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not may Stock-based Compensation The Company estimates the fair value of options to purchase common stock using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time stock options will be held before they are exercised (“expected life”), the estimated volatility of the Company's common stock price over the expected term (“volatility”), forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. Options granted have a ten Related Parties In accordance with ASC 850 one may one one New Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may not not

Note 3 - Going Concern

Note 3 - Going Concern3 Months Ended
May 31, 2021
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]NOTE 3 GOING CONCERN These condensed consolidated financial statements have been prepared in accordance with U.S. GAAP to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for the next twelve As shown in the accompanying financial statements, the Company has incurred operating losses since inception. As of May 31, 2021 February 28, 2021, May 31, 2021 February 28, 2021. no

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share3 Months Ended
May 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]NOTE 4 EARNINGS PER SHARE Basic Earnings Per Share (“EPS”) is computed as net income (loss) available to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options and warrants. The dilutive effect of outstanding securities as of May 31, 2021 February 28, 2021, May 31, 2021 February 28, 2021 Warrants 2,425,000 2,925,000 TOTAL POSSIBLE DILUTION 2,425,000 2,925,000 At May 31, 2021 February 28, 2021,

Note 5 - Other Assets

Note 5 - Other Assets3 Months Ended
May 31, 2021
Notes to Financial Statements
Other Assets Disclosure [Text Block]NOTE 5 OTHER ASSETS Peconic Note Receivable On April 17, 2019, $30,000 18 12% 40% 100% 40% May 31, 2019, $30,000 May 31, 2019. Deposit on land purchase On December 5, 2016, $500,000 $7,822 The purchase contract originally expired on December 15, 2017; July 10, 2018 On June 8, 2018, $525,000 December 31, 2018 no December 31, 2018. On June 3, 2019, October 31, 2019 no May 31, 2019, 13 $7,822

Note 6 - Promissory and Convert

Note 6 - Promissory and Convertible Notes Payable3 Months Ended
May 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]NOTE 6 PROMISSORY and CONVERTIBLE NOTES PAYABLE The Company's outstanding notes payable are summarized as follows: May 31, 2021 February 28 2021 0% unsecured note payable - December 2013, due on demand $ 2,000 $ 2,000 0% unsecured note payable - November 2015, due on demand 980 980 8% unsecured note payable - October 2018, due on demand 5,000 5,000 6% unsecured note payable – April 2019, due on demand 3,325 3,325 8% unsecured notes payable - October 2019, due on demand 65,000 65,000 Total Notes Payable $ 76,305 $ 76,305 Interest expense for the three May 31, 2021 2020 $1,913 $1,953, three May 31, 2021 2019 $4,357 $1,121, Convertible note payable consists of one 0 $67,500 May 31, 2021 February 28, 2021, April 2019 $45,000 12% April 2020. 150% 22%. The conversion option expires on October 7, 2020. On June 18, 2019, 1934 $67,500 April 2021 $70,200.

Note 7 - Promissory Notes Payab

Note 7 - Promissory Notes Payable, Related Party and Other Related Party Transactions3 Months Ended
May 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]NOTE 7 PROMISSORY NOTES PAYABLE, RELATED PARTY AND OTHER RELATED PARTY TRANSACTIONS The Company's outstanding notes payable, related party are summarized as follows: May 31, 2021 February 28, 2021 0% unsecured note payable - October 2015, due on demand $ 2,300 $ 2,300 0% unsecured note payable – November 2015, due on demand 2,000 2,000 8% unsecured note payable - October 2018, due on demand 60,000 60,000 6% unsecured note payable – April 2019, due on demand 15,825 15,825 6% unsecured note payable – April 2019, due on demand 15,890 15,890 8% unsecured note payable - October 2019, due on demand 10,000 10,000 TOTAL $ 106,015 $ 106,015 Interest expense for the three May 31, 2021 2019 $1.894 $1,714, three May 31, 2021 2019 $5,721 $6,834, Certain officers and directors of the Company had paid various expenses on behalf of the Company. Balances due to the officers, directors and a related company for reimbursement of these expenses were $173,969 $158,969 May 31, 2021 February 28, 2021,

Note 8 - Common Stock

Note 8 - Common Stock3 Months Ended
May 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]NOTE 8 COMMON STOCK Common stock The Company is authorized to issue 495,000,000 $0.001 one Preferred stock The Company is authorized to issue 5,000,000 no no Common shares issued for cash On February 28, 2018, “2018 2018 $0.15. one one 2018 $0.15 twenty-four $125,000 833,333 February 28, 2018 not February 28, 2018. April 4, 2018. On March 01, 2021, “2021 2021 $0.25. one one 2021 $0.25 twenty-four $2,570,925 no May 31, 2021. second third Common stock retirement On January 27, 2018, 5,000,000 10,000,000 $Nil. May 31, 2021.

Note 9 - Warrants

Note 9 - Warrants3 Months Ended
May 31, 2021
Notes to Financial Statements
Warrants and Rights [Text Block]NOTE 9 On July 10, 2017, 500,000 $0.21 one March 2018, 500,000 $0.21 $1.00 June 9, 2020. On March 20, 2019 April 17, 2019, 1,250,000 675,000 1,925,000 eight thirty-six $0.25. March 20 April 17, 2019 $200,439 $76,243 $276,682 three May 31, 2019. $0.25, 228% 2.34% 2.37%. The following is a summary of the Company's warrants issued and outstanding: May 31, 2021 February 28, 2021 Warrants Price (a) Warrants Price (a) Beginning balance 2,925,000 $ .25 3,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (500,000 ) –– (1,000,000 ) –– Ending balance 2,425,000 $ 0.25 2,925,000 $ .25 (a) Weighted average exercise price per shares The following table summarizes additional information about the warrants granted by the Company as of May 31, 2021 February 28, 2021: Date of Grant Warrants Warrants Price Remaining term July 10, 2017 500,000 500,000 .25 0.58 March 20, 2019 1,250,000 1,250,000 .25 0.80 April 17, 2019 675,000 675,000 .25 0.88 Total warrants 2,425,000 2,425,000 $ .25 .77

Note 10 - Other Matters - Joint

Note 10 - Other Matters - Joint Venture3 Months Ended
May 31, 2021
Notes to Financial Statements
Other Matters [Text Block]NOTE 10 OTHER MATTERS- Joint Venture Easy Energy Systems Inc. Memorandums of Understanding On April 2, 2019, 1” On April 16, 2016 2” As of May 9, 2021, no Private Placement Raul Factor At February 28, 2021, not

Significant Accounting Policies

Significant Accounting Policies (Policies)3 Months Ended
May 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]Basis of Presentation The accompanying condensed consolidated balance sheet has been derived from the February 28, 2021 May 31, 2021 2020, 10 8 X. not 10 February 28, 2021 ( “2021 three May 31, 2021, not February 28, 2021.
Consolidation, Policy [Policy Text Block]Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company after elimination of the intercompany accounts and transactions.
Use of Estimates, Policy [Policy Text Block]Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Risks and Uncertainties [Policy Text Block]Risks and uncertainties The Company's operations are subject to significant risks and uncertainties, including financial, operational, technological and other risks associated with operating an emerging business, including the potential risk of business failure.
Cash and Cash Equivalents, Policy [Policy Text Block]Cash and cash equivalents The Company considers all highly liquid investments with original maturities of three
Fair Value of Financial Instruments, Policy [Policy Text Block]Fair value of financial instruments The Company's financial instruments include cash and cash equivalents, promissory notes payable, and promissory notes payable - related parties. All instruments are accounted for on a cost basis, which, due to the short maturity of these financial instruments, approximates fair value at May 31, 2021 February 28, 2021, When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 2 3 At May 31, 2021 February 28, 2021, no
Property, Plant and Equipment, Policy [Policy Text Block]Long-Lived Assets The Company reviews long-lived assets which include a deposit on land purchase for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not may
Share-based Payment Arrangement [Policy Text Block]Stock-based Compensation The Company estimates the fair value of options to purchase common stock using the Black-Scholes model, which requires the input of some subjective assumptions. These assumptions include estimating the length of time stock options will be held before they are exercised (“expected life”), the estimated volatility of the Company's common stock price over the expected term (“volatility”), forfeiture rate, the risk-free interest rate and the dividend yield. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation. Options granted have a ten
Related Parties [Policy Text Block]Related Parties In accordance with ASC 850 one may one one
New Accounting Pronouncements, Policy [Policy Text Block]New Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may not not

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)3 Months Ended
May 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] May 31, 2021 February 28, 2021 Warrants 2,425,000 2,925,000 TOTAL POSSIBLE DILUTION 2,425,000 2,925,000

Note 6 - Promissory and Conve_2

Note 6 - Promissory and Convertible Notes Payable (Tables)3 Months Ended
May 31, 2021
Notes Tables
Schedule of Debt [Table Text Block] May 31, 2021 February 28 2021 0% unsecured note payable - December 2013, due on demand $ 2,000 $ 2,000 0% unsecured note payable - November 2015, due on demand 980 980 8% unsecured note payable - October 2018, due on demand 5,000 5,000 6% unsecured note payable – April 2019, due on demand 3,325 3,325 8% unsecured notes payable - October 2019, due on demand 65,000 65,000 Total Notes Payable $ 76,305 $ 76,305

Note 7 - Promissory Notes Pay_2

Note 7 - Promissory Notes Payable, Related Party and Other Related Party Transactions (Tables)3 Months Ended
May 31, 2021
Notes Tables
Schedule of Related Party Transactions [Table Text Block] May 31, 2021 February 28, 2021 0% unsecured note payable - October 2015, due on demand $ 2,300 $ 2,300 0% unsecured note payable – November 2015, due on demand 2,000 2,000 8% unsecured note payable - October 2018, due on demand 60,000 60,000 6% unsecured note payable – April 2019, due on demand 15,825 15,825 6% unsecured note payable – April 2019, due on demand 15,890 15,890 8% unsecured note payable - October 2019, due on demand 10,000 10,000 TOTAL $ 106,015 $ 106,015

Note 9 - Warrants (Tables)

Note 9 - Warrants (Tables)3 Months Ended
May 31, 2021
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] May 31, 2021 February 28, 2021 Warrants Price (a) Warrants Price (a) Beginning balance 2,925,000 $ .25 3,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (500,000 ) –– (1,000,000 ) –– Ending balance 2,425,000 $ 0.25 2,925,000 $ .25
Schedule of Warrants Granted [Table Text Block] Date of Grant Warrants Warrants Price Remaining term July 10, 2017 500,000 500,000 .25 0.58 March 20, 2019 1,250,000 1,250,000 .25 0.80 April 17, 2019 675,000 675,000 .25 0.88 Total warrants 2,425,000 2,425,000 $ .25 .77

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands12 Months Ended
Feb. 28, 2021May 31, 2021
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)10 years
Fair Value, Recurring [Member]
Assets, Fair Value Disclosure $ 0 $ 0
Financial and Nonfinancial Liabilities, Fair Value Disclosure $ 0 $ 0

Note 4 - Earnings Per Share - D

Note 4 - Earnings Per Share - Dilutive Effect of Outstanding Securities (Details) - shares3 Months Ended12 Months Ended
May 31, 2021Feb. 28, 2021
Warrants (in shares)2,425,000 2,925,000
TOTAL POSSIBLE DILUTION (in shares)2,425,000 2,925,000

Note 5 - Other Assets (Details

Note 5 - Other Assets (Details Textual)Apr. 17, 2019USD ($)Dec. 05, 2016USD ($)May 31, 2019USD ($)Jun. 08, 2018CAD ($)Dec. 05, 2016CAD ($)
Land [Member]
Purchase Price of Property $ 525,000 $ 500,000
Payments for Deposits on Real Estate Acquisitions $ 7,822
Deposits Written Off $ 7,822
Peconic Energy, Inc. [Member]
Payments to Acquire Notes Receivable $ 30,000
Notes Receivable, Term (Month)1 year 180 days
Notes Receivable, Interest Rate, Stated Percentage12.00%
Notes Receivable, Interest Rate, Percentage of Gross Revenues40.00%
Notes Receivable, Collateral, Percentage of Assets100.00%
Notes Receivable, Convertible, Percentage of Assets40.00%
Financing Receivable, Allowance for Credit Loss, Ending Balance $ 30,000

Note 6 - Promissory and Conve_3

Note 6 - Promissory and Convertible Notes Payable (Details Textual) - USD ($)3 Months Ended9 Months Ended
May 31, 2021May 31, 2020May 31, 2021May 31, 2020Apr. 30, 2021Feb. 28, 2021Jun. 18, 2019Apr. 30, 2019
Interest Expense, Total $ 3,368 $ 7,379
Convertible Notes Payable, Current $ 67,500
The Power Up Note [Member]
Debt Instrument, Debt Default, Amount $ 67,500
Long-term Debt, Total $ 70,200
Unsecured Debt [Member]
Interest Expense, Total1,913 $ 1,953 4,357 $ 1,121
Convertible Notes Payable [Member]
Convertible Notes Payable, Current $ 0 $ 0 $ 67,500 $ 45,000
Debt Instrument, Interest Rate, Stated Percentage12.00%
Debt Instrument, Default Interest Rate22.00%

Note 6 - Promissory and Conve_4

Note 6 - Promissory and Convertible Notes Payable - Summary of Outstanding Notes Payable (Details) - USD ($)May 31, 2021Feb. 28, 2021
Promissory notes payable $ 76,305 $ 76,305
The 0 Percent Unsecured Note Payable Issued December 2013 [Member]
Promissory notes payable2,000 2,000
The 0 Percent Unsecured Note Payable Issued November 2015 [Member]
Promissory notes payable980 980
The 8 Percent Unsecured Note Payable Issued October 2018 [Member]
Promissory notes payable5,000 5,000
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory notes payable3,325 3,325
The 8 Percent Promissory Notes Issued October 2019 [Member]
Promissory notes payable $ 65,000 $ 65,000

Note 7 - Promissory Notes Pay_3

Note 7 - Promissory Notes Payable, Related Party and Other Related Party Transactions (Details Textual) - USD ($)3 Months Ended9 Months Ended
May 31, 2021May 31, 2020May 31, 2021May 31, 2020Feb. 28, 2021
Interest Expense, Total $ 3,368 $ 7,379
Accounts Payable, Related Parties, Current677,311 $ 677,311 $ 343,770
Advisory Company Owned by Former CEO [Member]
Interest Expense, Total1.894 $ 1,714 5,721 $ 6,834
Advisory Company Owned by Former CEO [Member] | Reimbursement of Expenses [Member]
Accounts Payable, Related Parties, Current $ 173,969 $ 173,969 $ 158,969

Note 7 - Promissory Notes Pay_4

Note 7 - Promissory Notes Payable, Related Party and Other Related Party Transactions - Outstanding Notes Payable, Related Party (Details) - USD ($)May 31, 2021Feb. 28, 2021
Promissory notes payable, related party $ 106,015 $ 106,015
The 0 Percent Unsecured Note Payable Issued October 2015 [Member]
Promissory notes payable, related party2,300 2,300
The 0 Percent Unsecured Note Payable Issued November 2015 [Member]
Promissory notes payable, related party2,000 2,000
The 8 Percent Unsecured Note Payable Issued October 2018 [Member]
Promissory notes payable, related party60,000 60,000
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory notes payable, related party15,825 15,825
The Second 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory notes payable, related party15,890 15,890
The 8 Percent Promissory Notes Issued October 2019 [Member]
Promissory notes payable, related party $ 10,000 $ 10,000

Note 8 - Common Stock (Details

Note 8 - Common Stock (Details Textual)Mar. 01, 2021USD ($)$ / sharessharesJan. 27, 2018USD ($)sharesFeb. 28, 2018USD ($)$ / sharessharesMay 31, 2021$ / sharessharesFeb. 28, 2021$ / sharessharesFeb. 29, 2020$ / sharesJul. 10, 2017
Common Stock, Shares Authorized (in shares)495,000,000 495,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares $ 0.001 $ 0.001
Common Stock, Voting Rights, Number of Votes Per Share1
Preferred Stock, Shares Authorized (in shares)5,000,000
Preferred Stock, No Par Value (in dollars per share) | $ / shares $ 0
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares[1] $ 0.25 $ 0.25 $ 0.25
Proceeds from Issuance of Private Placement | $ $ 125,000
Stock Issued During Period, Shares, New Issues (in shares)833,333
Stock Repurchased and Retired During Period, Shares (in shares)10,000,000
Stock Repurchased and Retired During Period, Value | $ $ 0
Former Chairman of the Board [Member]
Stock Repurchased and Retired During Period, Shares (in shares)5,000,000
Warrants Issued in the 2018 Offering [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares $ 0.15
Warrants and Rights Outstanding, Term (Month)2 years1 year
Private Placement [Member]
Equity Offering, Units Issued, Price Per Share (in dollars per share) | $ / shares $ 0.15
Number of Shares Per Unit (in shares)1
Number of Warrants Per Unit (in shares)1
The 2021 Offering [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares $ 0.25
Warrants and Rights Outstanding, Term (Month)2 years
Proceeds from Issuance of Private Placement | $ $ 2,570,925
Units Issued, Price Per Share (in dollars per share) | $ / shares $ 0.25
Number of Shares Called by Each Unit (in shares)1
Number of Warrants Called by Each Unit (in shares)1
[1]Weighted average exercise price per shares

Note 9 - Warrants (Details Text

Note 9 - Warrants (Details Textual)Apr. 17, 2019USD ($)$ / sharessharesMar. 20, 2019USD ($)sharesMar. 31, 2018$ / sharessharesJul. 10, 2017$ / sharessharesMay 31, 2021$ / sharessharesFeb. 28, 2021$ / sharessharesFeb. 29, 2020$ / sharesFeb. 28, 2018$ / shares
Class of Warrant or Right, Issued During Period (in shares) | shares
Class of Warrant or Right, Issued During Period, Exercise Price (in dollars per share)[1]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)[1]0.25 $ 0.25 $ 0.25
Warrants Issued in the 2018 Offering [Member]
Class of Warrant or Right, Issued During Period (in shares) | shares500,000
Class of Warrant or Right, Issued During Period, Exercise Price (in dollars per share) $ 0.21
Warrants and Rights Outstanding, Term (Month)1 year2 years
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) $ 0.15
Amended Warrants With An Expiration Date of June 9, 2020 [Member]
Class of Warrant or Right, Issued During Period (in shares) | shares500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) $ 1
Warrants Granted March 20, 2019 [Member]
Class of Warrant or Right, Issued During Period (in shares) | shares1,250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) $ 0.25
Warrants and Rights Outstanding | $ $ 76,243 $ 200,439
Warrants Granted April 17, 2019 [Member]
Class of Warrant or Right, Issued During Period (in shares) | shares675,000
Warrants Issued to Eight Investors [Member]
Warrants and Rights Outstanding, Term (Month)3 years
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) $ 0.25
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares1,925,000
Warrants and Rights Outstanding | $ $ 276,682
Warrants Issued to Eight Investors [Member] | Measurement Input, Exercise Price [Member]
Warrants and Rights Outstanding, Measurement Input (in dollars per share)0.25
Warrants Issued to Eight Investors [Member] | Measurement Input, Price Volatility [Member]
Warrants and Rights Outstanding, Measurement Input (in dollars per share)2.28
Warrants Issued to Eight Investors [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member]
Warrants and Rights Outstanding, Measurement Input (in dollars per share)0.0234
Warrants Issued to Eight Investors [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member]
Warrants and Rights Outstanding, Measurement Input (in dollars per share)0.0237
[1]Weighted average exercise price per shares

Note 9 - Warrants - Summary of

Note 9 - Warrants - Summary of Warrants Issued and Outstanding (Details) - $ / shares3 Months Ended12 Months Ended
May 31, 2021Feb. 28, 2021
Beginning balance (in shares)2,925,000 3,925,000
Beginning balance (in dollars per share)[1] $ 0.25 $ 0.25
Issued (in shares)
Issued (in dollars per share)[1]
Exercised (in shares)
Exercised (in dollars per share)[1]
Expired (in shares)(500,000)(1,000,000)
Expired (in dollars per share)[1]
Ending balance (in shares)2,425,000 2,925,000
Ending balance (in dollars per share)[1] $ 0.25 $ 0.25
[1]Weighted average exercise price per shares

Note 9 - Warrants - Additional

Note 9 - Warrants - Additional Information About Warrants Granted (Details) - $ / shares3 Months Ended
May 31, 2021Feb. 28, 2021Feb. 29, 2020
Warrants outstanding (in shares)2,425,000 2,925,000 3,925,000
Warrants exercisable (in shares)2,425,000
Warrants, price (in dollars per share)[1] $ 0.25 $ 0.25 $ 0.25
Warrants, remaining term (Year)281 days
Warrants Granted November 19, 2016 [Member]
Warrants outstanding (in shares)500,000
Warrants exercisable (in shares)500,000
Warrants, price (in dollars per share) $ 0.25
Warrants, remaining term (Year)211 days
Warrants Granted July 10, 2017 [Member]
Warrants outstanding (in shares)1,250,000
Warrants exercisable (in shares)1,250,000
Warrants, price (in dollars per share) $ 0.25
Warrants, remaining term (Year)292 days
Warrants Granted March 20, 2019 [Member]
Warrants outstanding (in shares)675,000
Warrants exercisable (in shares)675,000
Warrants, price (in dollars per share) $ 0.25
Warrants, remaining term (Year)321 days
[1]Weighted average exercise price per shares