Quantum Energy (QREE) 10-K 25 Aug 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Feb. 28, 2022	Nov. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0001295961
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Type	10-K
Document Annual Report	true
Document Period End Date	Feb. 28, 2022
Document Transition Report	false
Entity File Number	333-225892
Entity Registrant Name	Quantum Energy Inc.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	98-0428608
Entity Address, Address Line One	3825 Rockbottom
Entity Address, City or Town	North Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89030
City Area Code	702
Local Phone Number	323-6455
Title of 12(b) Security	Common stock, $0.001 Par Value
Trading Symbol	QEGY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 1,260,969
Entity Common Stock, Shares Outstanding	48,491,485
Auditor Name	BF Borgers CPA PC
Auditor Location	Lakewood, CO
Auditor Firm ID	5041

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Current Assets
Cash	$ 6,366,730	$ 1,969,508
Work in Progress	118,358
Total Current Assets	6,485,088	1,969,508
Deposits - Related Party	12,005,000	1,200,000
Total Assets	18,490,088	3,169,508
Current Liabilities
Accounts Payable and Accrued Expenses	166,080	220,140
Accounts Payable and Accrued Expenses - Related Parties	217,584	305,170
Common Stock Payable - for Contracts/Agreements	1,990,107	1,500,000
Common Stock Payable - Deposits Received on Subscription Agreements	18,515,734	9,128,104
Convertible Note Payable	0	67,500
Derivative Liability		116,399
Promissory Notes Payable	76,305	76,305
Promissory Notes Payable - Related Parties	41,715	106,015
Total Current Liabilities	21,007,525	11,519,633
Total Liabilities	21,007,525	11,519,633
Stockholders' Deficit
Preferred Stock Class D - $0.001 Par; 1,500,000 Shares Authorized, 915,000 and -0- Issued and Outstanding, Respectively	915	0
Common Stock - $0.001 Par; 495,000,000 Shares Authorized, 332,324 and 323,277 Issued; 146,228 and 323,277 Outstanding, Respectively	332	323
Additional Paid-In-Capital	64,933,850	11,497,849
Accumulated Deficit	(67,452,348)	(19,848,297)
Treasury Stock - 186,096 Shares at Par $0.001	(186)	0
Total Stockholders' Deficit	(2,517,437)	(8,350,125)
Total Liabilities and Stockholders' Deficit	$ 18,490,088	$ 3,169,508

Consolidated Balance Sheets-par

Consolidated Balance Sheets-parentheticals (Parentheticals) - $ / shares	Feb. 28, 2022	Feb. 28, 2021
Preferred stock, shares authorized (in shares)	5,000,000
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)	332,324	323,277
Common stock, shares outstanding (in shares)	332,324	323,277
Treasury stock, shares (in shares)	186,096	186,096
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,500,000	1,500,000
Preferred stock, shares issued (in shares)	915,000	0
Preferred stock, shares outstanding (in shares)	915,000	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Sales	$ 324,240	$ 0
Cost of Goods Sold	109,253	0
Gross Profit	214,987
General and Administrative	1,816,320	240,467
Management Fees and Consulting	55,636,607	98,334
Professional Fees	1,550,424	283,895
Total Operating Expenses	59,003,351	622,696
Loss Before Other Income and (Expense)	(58,788,364)	(622,696)
Other Income and (Expense)
Gain on Debt Settlement	221,268	0
Gain (Loss) on Derivative	0	21,787
Unrealized Gain (Loss) on Common Stock Payable	10,616,456	(6,808,276)
Gain on Issued Common Stock Payable	360,000	0
Interest Expense	13,411	28,257
Total Other Income and (Expense)	11,184,313	(6,814,746)
Income (Loss) Before Income Tax Expense	(47,604,051)	(7,437,442)
Income Tax Expense	0	0
Net Income (Loss)	$ (47,604,051)	$ (7,437,442)
Weighted Average Number of Common Shares - Basic and Diluted (in shares)	45,798,221	48,491,485
Net Income (Loss) Per Common Shares - Basic and Diluted (in dollars per share)	$ (1.04)	$ (0.15)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Cash Flows from Operating Activities
Net Income (Loss) for the Period	$ (47,604,051)	$ (7,437,442)
Non-Cash Adjustments:
Common Stock Subscribed for Rent	0	240,000
Preferred Stock Issued for Consulting Services	53,985,000
Common Stock Payable for Consulting Services	1,610,107	0
Gain on Derivative	0	(21,787)
Unrealized (Gain) Loss on Common Stock Payable	(10,616,456)	6,808,276
Gain on Debt Settlement	(221,268)	0
Gain on Issued Common Stock Payable	(360,000)	0
Changes in Assets and Liabilities:
Work In Progress	(118,358)	0
Accounts Payable and Accrued Expenses	(30,065)	72,253
Accounts Payable and Accrued Expenses - Related Parties	(71,013)	128,333
Net Cash Flows Used In Operating Activities	(3,426,104)	(210,367)
Cash Flows from Investing Activities
Cash Purchase of Treasury Stock	(813,261)
Deposits - Related Party	(10,805,000)	(1,200,000)
Net Cash Flows Used In Investing Activities	(11,618,261)	(1,200,000)
Reimbursement for Cash of Common Stock	25,000	0
Proceeds from Stock Subscription	19,484,087	3,379,828
Repayment of Convertible Note Payable	(67,500)	0
Net Cash Flows Provided By Financing Activities	19,441,587	3,379,828
Net Change in Cash	4,397,222	1,969,461
Cash - Beginning of Year	1,969,508	47
Cash - End of Year	6,366,730	1,969,508
Cash Paid During the Year for:
Interest	2,500	0
Income Taxes	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Preferred Stock [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Feb. 29, 2020	323,277			0	0
Balance at Feb. 29, 2020	$ 323	$ 11,497,849	$ (12,410,855)	$ 0	$ 0	$ (912,683)
Net Income (Loss) for the Period	$ 0	0	$ (7,437,442)	$ 0	$ 0	(7,437,442)
Balance (in shares) at Feb. 28, 2021	323,277		(19,848,297)	0	0
Balance at Feb. 28, 2021	$ 323	11,497,849	$ (19,848,297)	$ 0	$ 0	(8,350,125)
Issuance of Preferred Stock (in shares)	0			915,000	0
Issuance of Preferred Stock	$ 0	53,984,085	0	$ 915	$ 0	53,985,000
Net Income (Loss) for the Period	$ 0	0	(47,604,051)		$ 0	(47,604,051)
Cash Purchase of Common Stock (in shares)	2,381			0	0
Cash Purchase of Common Stock	$ 2	24,998	0	$ 0	$ 0	25,000
Common Stock Issued from Subscriptions (in shares)	6,667			0	0
Common Stock Issued from Subscriptions	$ 7	239,993	0	$ 0	$ 0	240,000
Purchase of Treasury Stock	$ 0	(813,075)	0	$ 0	$ (186)	$ (813,261)
Purchase of Treasury Stock (in shares)	0			0	186,096	27,914,411
Balance (in shares) at Feb. 28, 2022	332,324			915,000	186,096
Balance at Feb. 28, 2022	$ 332	$ 64,933,850	$ (67,452,348)	$ 915	$ (186)	$ (2,517,437)

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1 - NATURE OF OPERATIONS 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. On May 18, 2006, the Company changed its name to Quantum Energy, Inc. The Company is a development stage diversified holding company with an emphasis in land holdings, refinery and fuel distribution. 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 Policies	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries FTPM Resources Ltd. and Dominion Energy Processing Group, Inc. 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 months or less when acquired to be cash equivalents. 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 February 28, 2022 and 2021, respectively. 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 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period are included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. At February 28, 2022 and 2021, the Company had 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 be recoverable. Events relating to recoverability may include significant unfavorable changes in business conditions or a forecasted inability to achieve break-even operating results over an extended period. The Company evaluates the recoverability of long-lived assets based upon forecasted undiscounted cash flows and reports any impairment at the lower of the carrying amount or the fair value less costs to sell. 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-year Related Parties In accordance with ASC 850 “Related Party Disclosure”, a party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company; its directors, officers, and management; members of the immediate families of principal owners of the Company and its management; and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. New Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including the new lease standard. The Company does not have any leases and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note 3 - Going Concern

Note 3 - Going Concern	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	NOTE 3 - GOING CONCERN These 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 months. As shown in the accompanying financial statements, the Company has incurred operating losses since inception. As of February 28, 2022 and 2021, the Company has limited financial resources with which to achieve the objectives and obtain profitability and positive cash flows. As shown in the accompanying consolidated balance sheets and consolidated statements of operations, the Company has an accumulated deficit and a working capital deficit at February 28, 2022 and 2021. Achievement of the Company's objectives will be dependent upon the ability to obtain additional financing, generate revenue from current and planned business operations, and control costs. The Company plans to fund its future operations by joint venturing, obtaining additional financing from investors, and/or lenders, and attaining additional commercial revenue. However, there is no assurance that the Company will be able to achieve these objectives, therefore substantial doubt about its ability to continue as a going concern exists.

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	12 Months Ended
	Feb. 28, 2022
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 February 28, 2022 and 2021, respectively, would be as follows: February 28, 2022 February 28, 2021 Warrants 1,925,000 2,925,000 TOTAL POSSIBLE DILUTION 1,925,000 3,925,000 At February 28, 2022 and 2021, respectively, the effect of the Company's outstanding options and warrants would have been anti-dilutive.

Note 5 - Other Assets

Note 5 - Other Assets	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 5 - OTHER ASSETS Work in Progress Work in progress consists of partially manufactured and raw rare earth metal products used in production in the amount of $118,358 at February 28, 2022. Deposits – Related Party Deposits – Related Party consist of deposits made to a related party that share board members of the Company. A with a letter of intent signed on October 12,2021 calls for the purchase of shares of common stock of the related party to obtain a majority stake at $2.10 for up to eighteen (18) months with closing on December 15, 2022. The letter of intent is non-binding and if the majority shares are not obtained the deal is terminated and the money is refunded. Hence, the classification of deposits of $12,005,000 at February 28, 2022. The Company is expecting to acquire majority ownership by the closing date.

Note 6 - Promissory and Convert

Note 6 - Promissory and Convertible Notes Payable	12 Months Ended
	Feb. 28, 2022
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: February 28 2022 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 years ended February 28, 2022 and 2021 was $5,814 and $5,807, respectively. Convertible note payable consists of one note payable in the amount of $ -0- 22% On June 18, 2019, the Company received a default notice from Power Up stating that the Company was in default under the Power Up Note because, among other reasons, the Company failed to comply with the reporting requirements of the Securities Exchange Act of 1934 as required by the Note, and therefore accelerating the terms of the Power Up Note and demanding that the Company pay the default sum of $67,500 together with accrued interest and accrued default interest with respect to the Power Up Note. The Company reached a settlement of this matter with Power Up as of April 2021 in the amount of $70,200. Included in gain on debt conversion of $140,395 for the year ended February 28, 2022, is $23,996 of accrued interest that was not paid and $116,399 of derivative liability.

Note 7 - Promissory Notes Payab

Note 7 - Promissory Notes Payable, Related Party and Other Related Party Transactions	12 Months Ended
	Feb. 28, 2022
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: February 28, 2022 February 28, 2021 0% unsecured note payable - October 2015, due on demand -written off in settlement –– $ 2,300 0% unsecured note payable – November 2015, due on demand – written off in settlement –– 2,000 8% unsecured note payable - October 2018, due on demand – written off in settlement –– 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 $ 41,715 $ 106,015 Interest expense for the years ended February 28, 2022 and 2021 was $7,597 and $7,598, respectively. Starting January 1, 2019, the Company began accruing a monthly management fee of $15,000 due to an advisory company owned by Andrew J. Kacic, the Company’s former chief executive officer (“CEO”). During the year ended February 28, 2019, the Company recognized management fees of $30,000 under this agreement which amount is included in “Accounts payable and accrued liabilities, related parties” on the consolidated balance sheet at February 28, 2019. Since February 28, 2019, no Certain officers, directors and other related parties of the Company have paid various expenses on behalf of the Company. Balances due to the officers, directors and a related company for reimbursement of these expenses were $198,803 and $197,302 at February 2022 and February 28, 2021, respectively, which amounts are included in “Accounts payable and accrued liabilities - related parties” on the consolidated balance sheets.

Note 8 - Common Stock Payable

Note 8 - Common Stock Payable	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Common Stock Payable - Contracts/Agreements and Deposits Received on Subscription Agreements [Text Block]	NOTE 8 - COMMON STOCK PAYABLE Common Stock Payable – for Contracts/Agreements Common stock payable for contracts/agreements consist of 1 million shares owed to Raul Factor per the joint venture agreement (Note 11) and 1 million shares owed to landlord for rent at February 28, 2021. On June 7, 2021, 6,667 shares were issued to the landlord. These shares were adjusted to its fair value of $600,000 on June 7, 2021, and $150,000 was recognized as unrealized gain on that date. The Company also recognized a gain on the issuance of these shares in the amount of $360,000. At February 28, 2022, the fair value of the remaining shares owed to Raul Factor were adjusted to its fair value of $380,000 based on the closing price of the stock on that date. The Company recognized unrealized gain (loss) on common stock payable of $370,000 and $ (1,060,000) 1,610,107. Common Stock Payable – Deposits Received on Subscriptions Agreements Common stock payable for deposits received on stock subscription agreements consist of 48,898,440 shares owed to various investors who have paid for these shares. At February 28, 2022, the fair value of the these shares were adjusted to its fair value of $18,515,734 based on the closing price of the stock on that date. The Company recognized unrealized gain (loss) on common stock payable of $10,246,456 and $ (5,748,276)

Note 9 - Common Stock

Note 9 - Common Stock	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 - COMMON STOCK Common stock The Company is authorized to issue 495,000,000 shares of its common stock with a par value of $0.001 per share. All shares of common stock are equal to each other with respect to voting, liquidation, dividend, and other rights. Owners of shares are entitled to one On February 23, 2022, the board of directors approved a 150 to 1 reverse stock split. The reverse has been retrospectively accounted for at March 1, 2020 in the statements of changes in stockholders’ deficit. Preferred stock The Company is authorized to issue 5,000,000 shares of its preferred stock with a no-par value per share with no designation of rights and preferences. The Company issued 915,000 shares of its preferred stock class D to pay consulting services in the amount of $53,985,000 during the year ended February 28, 2022. These shares have voting rights of 100 to 1. The shares value was based on the market price of the Company’s common stock of $0.59 on the measurement date multiplied by the voting rights of 100. The reverse stock split did not affect preferred stock. Treasury Stock During year ended February 28, 2022, the Company bought back 27,914,411 shares of its common stock in the amount of $813,261 and placed it in treasury. On February 23, 2022, the board of directors approved a 150 to 1 reverse stock split. The reverse has been retrospectively accounted for at March 1, 2020 in the statements of changes in stockholders’ deficit.

Note 10 - Warrants

Note 10 - Warrants	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Warrants and Rights [Text Block]	NOTE 10 - WARRANTS The following is a summary of the Company’s warrants issued and outstanding: February 28, 2022 February 28, 2021 Warrants Price (a) Warrants Price (a) Beginning balance 2,925,000 $ .25 3,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (1,000,000 ) –– (1,000,000 ) –– Ending balance 1,925,000 $ 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 November 30, 2021 and February 28, 2021: Date of Grant Warrants Warrants Price Remaining term March 20, 2019 1,250,000 1,250,000 .25 .05 April 17, 2019 675,000 675,000 .25 .13 Total warrants 1,925,000 1,925,000 $ .25 .08

Note 11 - Other Matters - Joint

Note 11 - Other Matters - Joint Venture	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Other Matters [Text Block]	NOTE 11 - OTHER MATTERS- Joint Venture Private Placement – Raul Factor Pursuant to (2) two prior License and Operating Agreements, the principals of Raul Factor BV agreed to provide an aggregate of $200,000 (USD) to purchase an aggregate of 1,000,000 units of Quantum at a price of $0.20 per Unit, (for an aggregate of 1,000,000 shares of the Company’s common stock plus 18 month warrants to purchase an aggregate of 1,000,000 shares of the Company’s common stock at a price of $0.25 per share. Pursuant to these transactions, the Company agreed to use $150,000 of the proceeds from the sale of the Units to purchase the distribution rights of EES-E and EETC and in turn the Company would assign such distribution rights to EES-E and EETC respectively. Also, Raul Factor agreed to invest the required reasonable funding as determined by the board of directors of EETC for the startup, working capital, specific module development and required 6 months of economic demonstration of carpet and artificial turf into energy or value-added products for EETC. Also, EES agreed to contribute its module technologies developed by or available via license agreements from others to EES further on to EES-E via license agreements conforming to the terms set forth in these License and Operating Agreements. Raul Factor also agreed to fund additional capital requirements. At the date of this report, while the $200,000 was received from Raul Factor, the stock has yet to be issued. As of February 28, 2022, the stock was valued at $380,000 utilizing the closing price on November 30, 2021. Also, as part of the transactions contemplated by these agreements: (i) the stock purchase warrant issued on November 20, 2016, to Kevin Holinaty to purchase 500,000 shares of the Company’s common stock (“Warrant No. 002”) was amended to extend the exercise period of the warrant through May 19, 2021 and to change the exercise price to $0.25 per share; (ii) the stock purchase warrant issued to Kevin Holinaty issued on June 9, 2017, and amended on March 15, 2018, to purchase 250,000 shares of the Company’s common stock (“Warrant No. 003”) was amended to extend the exercise period to December 9, 2021, and to change the exercise price to $0.25 per share; (iii) the stock purchase warrant issued to Haaye de Jong to purchase 250,000 shares of the Company’s common stock was amended to extend the exercise period to December 9, 2021, and to change the exercise price to $0.25 per share; (iv) the Company issued a warrant to Kevin Holinaty to purchase 500,000 shares of the common stock at a price of $0.25 per share, which warrant has an exercise period until December 20, 2020; (v) the Company issued a warrant to Haaye de Jong to purchase 500,000 shares of the common stock at a price of $0.25 per share, which warrant has an exercise period until December 20, 2020. (See Note 10). The sale of the Units and the warrants to Kevin Holinaty and Haaye de Jong, the principals of Raul Factor, who have represented that they are “accredited investors” and non-U.S. citizens and in offshore transactions, was made in reliance on Rule 506 of Regulation D and on Regulation S.

Note 12 - Risks and Uncertainti

Note 12 - Risks and Uncertainties	12 Months Ended
	Feb. 28, 2022
Notes to Financial Statements
Risks and Uncertainties [Text Block]	NOTE 12 - Risks and Uncertainties Coronavirus Impact (COVID-19) Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets. We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations. Suprock Litigation On December 10, 2021, the Company filed an action against the Suprock Parties in the United States District Court of the State of Nevada. (See: 2:21-cv-02184-JAD-BNW Quantum Energy Inc. v. PCS Advisors LLC et al). The complaint alleges breach of implied covenant of good faith & fair dealing, unjust enrichment, and breach of contract. The Company is seeking the return of the shares of its common stock and monetary damages.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Risks and Uncertainties [Policy Text Block]	Risks and uncertainties
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair value of financial instruments no
Property, Plant and Equipment, Policy [Policy Text Block]	Long-Lived Assets
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation ten-year
Related Parties [Policy Text Block]	Related Parties
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	12 Months Ended
	Feb. 28, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	February 28, 2022 February 28, 2021 Warrants 1,925,000 2,925,000 TOTAL POSSIBLE DILUTION 1,925,000 3,925,000

Note 6 - Promissory and Conve_2

Note 6 - Promissory and Convertible Notes Payable (Tables)	12 Months Ended
	Feb. 28, 2022
Notes Tables
Schedule of Debt [Table Text Block]	February 28 2022 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)	12 Months Ended
	Feb. 28, 2022
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	February 28, 2022 February 28, 2021 0% unsecured note payable - October 2015, due on demand -written off in settlement –– $ 2,300 0% unsecured note payable – November 2015, due on demand – written off in settlement –– 2,000 8% unsecured note payable - October 2018, due on demand – written off in settlement –– 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 $ 41,715 $ 106,015

Note 10 - Warrants (Tables)

Note 10 - Warrants (Tables)	12 Months Ended
	Feb. 28, 2022
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	February 28, 2022 February 28, 2021 Warrants Price (a) Warrants Price (a) Beginning balance 2,925,000 $ .25 3,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (1,000,000 ) –– (1,000,000 ) –– Ending balance 1,925,000 $ 0.25 2,925,000 $ .25
Schedule of Warrants Granted [Table Text Block]	Date of Grant Warrants Warrants Price Remaining term March 20, 2019 1,250,000 1,250,000 .25 .05 April 17, 2019 675,000 675,000 .25 .13 Total warrants 1,925,000 1,925,000 $ .25 .08

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Feb. 28, 2022	Feb. 28, 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, Total	$ 0	$ 0
Liabilities, Fair Value Disclosure, Total	$ 0	$ 0

Note 4 - Earnings Per Share - D

Note 4 - Earnings Per Share - Dilutive Effect of Outstanding Securities (Details) - shares	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Warrants (in shares)	1,925,000	2,925,000
TOTAL POSSIBLE DILUTION (in shares)	1,925,000	3,925,000

Note 5 - Other Assets (Details

Note 5 - Other Assets (Details Textual) - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Inventory, Work in Process, Gross	$ 118,358
Related Party Purchase of Shares Agreement, Price Per Share (in dollars per share)	$ 2.10
Deposits Assets, Noncurrent	$ 12,005,000	$ 1,200,000

Note 6 - Promissory and Conve_3

Note 6 - Promissory and Convertible Notes Payable (Details Textual) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Apr. 30, 2021	Jun. 18, 2019	Apr. 30, 2019
Interest Expense, Total	$ 13,411	$ 28,257
Convertible Notes Payable, Current	0	67,500
Gain (Loss) on Debt Conversion	221,268	0
Derivative Liability, Current		116,399
The Power Up Note [Member]
Debt Instrument, Debt Default, Amount				$ 67,500
Long-Term Debt, Total			$ 70,200
Gain (Loss) on Debt Conversion	140,395
Interest Payable, Current	23,996
Derivative Liability, Current	116,399
Unsecured Debt [Member]
Interest Expense, Total	5,814	5,807
Convertible Notes Payable [Member]
Convertible Notes Payable, Current	$ 0	$ 67,500			$ 45,000
Debt Instrument, Default Interest Rate					2,200%

Note 6 - Promissory and Conve_4

Note 6 - Promissory and Convertible Notes Payable - Summary of Outstanding Notes Payable (Details) - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Promissory notes payable	$ 76,305	$ 76,305
The 0 Percent Unsecured Note Payable Issued December 2013 [Member]
Promissory notes payable	2,000	2,000
The 0 Percent Unsecured Note Payable Issued November 2015 [Member]
Promissory notes payable	980	980
The 8 Percent Unsecured Note Payable Issued October 2018 [Member]
Promissory notes payable	5,000	5,000
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory notes payable	3,325	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 ($)		1 Months Ended	12 Months Ended		36 Months Ended
	Jan. 01, 2019	Jan. 31, 2022	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Nov. 30, 2021	Feb. 28, 2019
Interest Expense, Total			$ 13,411	$ 28,257
Accounts Payable, Related Parties, Current			217,584	305,170	$ 217,584
Advisory Company Owned by Former CEO [Member]
Interest Expense, Total			7,597	7,598
Related Party Transaction, Monthly Management Fee	$ 15,000
Related Party Transaction, Amounts of Transaction		$ 88,000
Related Party Transaction, Disputed Amount			150,000		150,000
Accounts Payable, Related Parties, Current		107,868		17,868		$ 107,868
Notes Receivable, Related Parties, Current		64,300
Interest Payable, Current		$ 16,573
Increase (Decrease) in Notes Payable, Related Parties, Current			(80,873)
Increase (Decrease) in Accounts Payable, Related Parties			(19,868)
Advisory Company Owned by Former CEO [Member] | Management Fee [Member]
Due to Related Parties, Current, Total			30,000		30,000		$ 30,000
Related Party Transaction, Amounts of Transaction					0
Advisory Company Owned by Former CEO [Member] | Reimbursement of Expenses [Member]
Accounts Payable, Related Parties, Current			$ 198,803		$ 198,803
Reimbursement of Expenses [Member] | Reimbursement of Expenses [Member]
Accounts Payable, Related Parties, Current				$ 197,302

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 ($)	Feb. 28, 2022	Feb. 28, 2021
Promissory Notes Payable - Related Parties	$ 41,715	$ 106,015
The 0 Percent Unsecured Note Payable Issued October 2015 [Member]
Promissory Notes Payable - Related Parties	0	2,300
The 0 Percent Unsecured Note Payable Issued November 2015 [Member]
Promissory Notes Payable - Related Parties		2,000
The 8 Percent Unsecured Note Payable Issued October 2018 [Member]
Promissory Notes Payable - Related Parties		60,000
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory Notes Payable - Related Parties	15,825	15,825
The Second 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory Notes Payable - Related Parties	15,890	15,890
The 8 Percent Promissory Notes Issued October 2019 [Member]
Promissory Notes Payable - Related Parties	$ 10,000	$ 10,000

Note 8 - Common Stock Payable (

Note 8 - Common Stock Payable (Details Textual) - USD ($)		12 Months Ended
	Jun. 07, 2021	Feb. 28, 2022	Feb. 28, 2021
Common Stock Payable, Shares, Contract Agreements (in shares)		3,354,037
Common Stock Payable, Contract Agreements, Fair Value of Shares	$ 600,000	$ 1,610,107
Common Stock Payable, Contract Agreements, Unrealized Gain	150,000	370,000	$ (1,060,000)
Common Stock Payable, Gain on Issuance of Shares	$ 360,000
Common Stock Payable Current for Contracts Agreements Current		1,990,107	1,500,000
Common Stock Payable, Deposits Received on Subscriptions Agreements, Unrealized Gain		$ 10,246,456
Common Stock Payable, Deposits Received on Subscriptions Agreements, Unrealized Loss			$ (5,748,276)
Raul Factor [Member]
Common Stock Payable, Shares, Contract Agreements (in shares)		1,000,000
Common Stock Payable Current for Contracts Agreements Current		$ 380,000
Landlord [Member]
Common Stock Payable, Shares, Contract Agreements (in shares)		1,000,000
Stock Issued During Period, Shares, New Issues (in shares)	6,667
Various Investors [Member]
Common Stock, Shares Subscribed but Unissued (in shares)		48,898,440
Common Stock Payable, Deposit Received on Subscription Agreements, Fair Value of Shares		$ 18,515,734

Note 9 - Common Stock (Details

Note 9 - Common Stock (Details Textual)		12 Months Ended
	Feb. 23, 2022	Feb. 28, 2022 USD ($) $ / shares shares	Feb. 28, 2021 $ / shares shares
Common stock, shares authorized (in shares) | shares		495,000,000	495,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.001	$ 0.001
Common Stock, Voting Rights, Number of Votes Per Share		1
Stockholders' Equity Note, Stock Split, Conversion Ratio	150
Preferred Stock, Voting Rights, Number of Votes Per Share		100
Share Price (in dollars per share) | $ / shares		$ 0.59
Treasury Stock, Value, Acquired, Par Value Method		$ 813,261
Preferred Stock [Member]
Treasury Stock, Value, Acquired, Par Value Method		$ 0
Preferred Stock [Member] | Series D Preferred Stock [Member]
Stock Issued During Period, Shares, Issued for Services (in shares) | shares		915,000
Stock Issued During Period, Value, Issued for Services		$ 53,985,000
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	150

Note 10 - Warrants - Summary of

Note 10 - Warrants - Summary of Warrants Issued and Outstanding (Details) - $ / shares		12 Months Ended
		Feb. 28, 2022	Feb. 28, 2021
Beginning balance (in shares)		2,925,000
Beginning balance (in dollars per share)	[1]	$ 0.25	$ 0.25
Expired (in shares)		(1,000,000)	(1,000,000)
Ending balance (in shares)		1,925,000	2,925,000
Ending balance (in dollars per share)	[1]	$ 0.25	$ 0.25
Warrants Granted March 20, 2019 [Member]
Beginning balance (in shares)		2,925,000	3,925,000
Beginning balance (in dollars per share)	[1]	$ 0.25
Ending balance (in shares)		1,250,000	2,925,000
Ending balance (in dollars per share)		$ 0.25	$ 0.25	[1]
[1]Weighted average exercise price per shares

Note 10 - Warrants - Additional

Note 10 - Warrants - Additional Information About Warrants Granted (Details) - $ / shares		12 Months Ended
		Feb. 28, 2022	Feb. 28, 2021		Feb. 29, 2020
Warrants outstanding (in shares)		1,925,000	2,925,000
Warrants exercisable (in shares)		1,925,000
Warrants, price (in dollars per share)	[1]	$ 0.25	$ 0.25		$ 0.25
Warrants, remaining term (Year)		29 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)		1 month 17 days
Warrants Granted March 20, 2019 [Member]
Warrants outstanding (in shares)		1,250,000	2,925,000		3,925,000
Warrants exercisable (in shares)		1,250,000
Warrants, price (in dollars per share)		$ 0.25	$ 0.25	[1]
Warrants, remaining term (Year)		18 days
[1]Weighted average exercise price per shares

Note 11 - Other Matters - Joi_2

Note 11 - Other Matters - Joint Venture (Details Textual) - USD ($)			12 Months Ended
		Jul. 11, 2019	Feb. 28, 2022	May 19, 2021	Feb. 28, 2021	Feb. 29, 2020	Jul. 08, 2019	Mar. 15, 2018	Nov. 20, 2016
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	[1]		$ 0.25		$ 0.25	$ 0.25
Common Stock Payable Current for Contracts Agreements Current			$ 1,990,107		$ 1,500,000
EES - E and EETC [Member]
License and Operating Agreement, Aggregate Purchase Price, Licensing and Distribution							$ 150,000
Warrants to Purchase Restricted Shares Issued to RF [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)			1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 0.25
Warrant Issued to Mr. Haaye de Jong [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		250,000
Warrants Issued to Mr. Haaye de Jong in June 2019 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 0.25
Warrants Issued to Mr. Kevin Holinaty in June 2019 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 0.25
Raul Factor BV [Member]
Proceeds from Issuance or Sale of Equity, Total		$ 200,000
Equity Offering, Units Issued or Issuable (in shares)		1,000,000
Equity Offering, Units Issued, Price Per Share (in dollars per share)		$ 0.20
Stock Issued During Period, Shares, New Issues (in shares)		1,000,000
Raul Factor [Member]
Proceeds from Issuance or Sale of Equity, Total			$ 200,000
Common Stock Payable Current for Contracts Agreements Current			$ 380,000
Mr. Kevin Holinaty [Member] | Warrant No. 002 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)									500,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)				$ 0.25
Mr. Kevin Holinaty [Member] | Warrant No. 003 [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)								250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 0.25
[1]Weighted average exercise price per shares