Quantum Energy (QREE) 10-Q 21 Mar 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	9 Months Ended
	Nov. 30, 2022 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 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	3805 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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
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 Common Stock, Shares Outstanding (in shares)	49,491,498
Entity Central Index Key	0001295961
Current Fiscal Year End Date	--02-28
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Current Assets
Cash	$ 10,031,784	$ 6,366,730
Work in Progress	118,358	118,358
Note Receivable - Related Party	600,000	0
Total Current Assets	10,750,142	6,485,088
Property and Equipment, Net	101,315	0
Deposits - Related Party	17,805,000	12,005,000
Total Assets	28,656,457	18,490,088
Current Liabilities
Accounts Payable and Accrued Expenses	143,297	166,080
Accounts Payable and Accrued Expenses - Related Parties	210,168	217,584
Bonds Payable	4,920,977	0
Common Stock Payable - for Contracts/Agreements	8,000,000	1,990,107
Common Stock Payable - Deposits Received on Subscription Agreements	0	18,515,734
Promissory Notes Payable	30,000	76,305
Promissory Notes Payable - Related Parties	0	41,715
Total Current Liabilities	13,304,442	21,007,525
Stockholders' Deficit
Total Liabilities	13,304,442	21,007,525
Preferred Stock Class D - $0.001 Par; 1,500,000 Shares Authorized, 918,250 and 915,000 Issued and Outstanding, Respectively	918	915
Common Stock - $0.001 Par; 495,000,000 Shares Authorized, 149,633,884 and 332,324 Issued and Outstanding, Respectively	149,633	332
Additional Paid-In-Capital	1,458,667,742	64,933,850
Accumulated Deficit	(1,443,466,278)	(67,452,348)
Treasury Stock; -0- and 186,096 Shares, Respectively at Par $0.001	0	(186)
Total Stockholders' Equity (Deficit)	15,352,015	(2,517,437)
Total Liabilities and Stockholders' Equity (Deficit)	$ 28,656,457	$ 18,490,088

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Nov. 30, 2022	Feb. 28, 2022
Preferred Stock, Shares Authorized (in shares)	5,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	495,000,000	495,000,000
Common Stock, Shares, Outstanding, Ending Balance (in shares)	149,633,884	332,324
Treasury Stock, Shares, Total (in shares)	0	186,096
Series D Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (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)	918,250	918,250
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	915,000	915,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Sales	$ 0	$ 324,240	$ 0	$ 324,240
Cost of Goods Sold	0	109,253	0	109,253
Gross Profit	0	214,987	0	214,987
Operating Expenses
General and Administrative	870,950	672,761	1,817,026	1,451,994
Management Fees and Consulting	16,265	0	3,386,180	0
Professional Fees	902,379	310,383	2,448,219	946,070
Total Operating Expenses	1,789,594	983,144	7,651,425	2,398,064
Loss Before Other Income and (Expense)	(1,789,594)	(768,157)	(7,651,425)	(2,183,077)
Other Income and (Expense)
Gain on Debt Settlement	2,980	0	2,980	140,395
Unrealized Gain (Loss) on Common Stock Payable	(499,748,593)	9,589,356	(1,284,600,085)	7,435,441
Gain (Loss) on Issued Common Stock Payable	4,948,406	0	(83,686,942)	360,000
Interest Expense	(80,010)	(3,347)	(78,458)	(10,083)
Total Other Income and (Expense)	(494,877,217)	9,586,009	(1,368,362,505)	7,925,753
Income Before Income Tax Expense	(496,666,811)	8,817,852	(1,376,013,930)	5,742,676
Income Tax Expense	0	0	0	0
Net Income (Loss) for the Period	$ (496,666,811)	$ 8,817,852	$ (1,376,013,930)	$ 5,742,676
Basic and Diluted (in shares)	56,560,335	329,943	18,813,048	50,425,551
Basic and Diluted (in dollars per share)	$ (8.78)	$ 26.73	$ (73.14)	$ 0.11

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Cash Flows from Operating Activities
Net Loss for the Period	$ (1,376,013,930)	$ 5,742,676
Non-Cash Adjustments:
Depreciation	17,023	0
Preferred Stock Issued for Consulting Services	105,723	0
Common Stock Payable for Consulting Services	3,265,957	0
Unrealized (Gain) Loss on Common Stock Payable	1,284,600,085	(7,435,441)
Gain on Debt Settlement	(2,980)	(140,395)
(Gain) Loss on Issued Common Stock Payable	83,686,942	(360,000)
Changes in Assets and Liabilities:
Work In Progress	0	(118,358)
Accounts Payable and Accrued Expenses	(17,787)	(60,574)
Accounts Payable and Accrued Expenses - Related Parties	0	34,978
Net Cash Flows Used In Operating Activities	(4,358,967)	(2,337,114)
Cash Flows from Investing Activities
Cash Purchase of Treasury Stock	0	(813,261)
Cash Disbursement - Note Receivable	(600,000)	0
Purchase of Property & Equipment	(118,338)	0
Deposits - Related Party	(5,800,000)	(8,080,000)
Net Cash Flows Used In Investing Activities	(6,518,338)	(8,893,261)
Cash Flows from Financing Activities
Proceeds from Stock Subscription	9,629,707	17,489,421
Bond Payable	4,920,977	0
Repayment of Note Payable	(8,325)	0
Repayment of Convertible Note Payable	0	(67,500)
Net Cash Flows Provided By Financing Activities	14,542,359	17,421,921
Net Change in Cash	3,665,054	6,191,546
Cash - Beginning of Period	6,366,730	1,969,508
Cash - End of Period	10,031,784	8,161,054
Cash Paid During the Period for:
Interest	78,458	2,500
Income Taxes	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Feb. 28, 2021	0	323,277			0
Balance at Feb. 28, 2021	$ 0	$ 323	$ 11,497,849	$ (19,848,297)	$ 0	$ (8,350,125)
Cash Purchase of Treasury Stock (in shares)	0	0	(804,447)		8,814,411
Cash Purchase of Treasury Stock	$ 0	$ 0		0	$ (8,814)	(813,261)
Net Income for the Period	$ 0	$ 0	$ 0	5,742,676	$ 0	5,742,676
Common Stock Issued from Subscriptions - Restated (in shares)	0	6,667			0
Common Stock Issued from Subscriptions - Restated	$ 0	$ 7	239,993	0	$ 0	240,000
Balance (in shares) at Nov. 30, 2021	0	329,943			8,814,411
Balance at Nov. 30, 2021	$ 0	$ 330	10,933,395	(14,105,621)	$ (8,814)	(3,180,710)
Balance (in shares) at Aug. 31, 2021	0	329,943			967,567
Balance at Aug. 31, 2021	$ 0	$ 330	11,179,105	(22,923,473)	$ (967)	(11,745,005)
Cash Purchase of Treasury Stock (in shares)	0	0			7,846,844
Cash Purchase of Treasury Stock	$ 0	$ 0	(245,710)		$ (7,847)	(253,557)
Net Income for the Period	$ 0	$ 0	0	8,817,852	$ 0	8,817,852
Balance (in shares) at Nov. 30, 2021	0	329,943			8,814,411
Balance at Nov. 30, 2021	$ 0	$ 330	10,933,395	(14,105,621)	$ (8,814)	(3,180,710)
Balance (in shares) at Feb. 28, 2022	915,000	332,324			(186,096)
Balance at Feb. 28, 2022	$ 915	$ 332	64,933,850	(67,452,348)	$ (186)	(2,517,437)
Cash Purchase of Treasury Stock (in shares)	0	(8,556)			0
Cash Purchase of Treasury Stock	$ 0	$ (9)	9	0	$ 0	0
Net Income for the Period	$ 0	$ 0	0	(1,376,013,930)	$ 0	(1,376,013,930)
Issuance of Preferred Stock (in shares)	3,250	0			0
Issuance of Preferred Stock	$ 3	$ 0	105,720	0	$ 0	105,723
Issuance of Common Stock Payable (in shares)		149,496,212			0
Issuance of Common Stock Payable		$ 149,496	1,393,628,163	0	$ 0	1,393,777,659
Reclass of Treasury Stock (in shares)	0	(186,096)			186,096
Reclass of Treasury Stock	$ 0	$ (186)			$ 186	0
Balance (in shares) at Nov. 30, 2022	918,250	149,633,884			0
Balance at Nov. 30, 2022	$ 918	$ 149,633	1,458,667,742	(1,443,466,278)	$ 0	15,352,015
Balance (in shares) at Aug. 31, 2022	917,750	56,560,335			0
Balance at Aug. 31, 2022	$ 918	$ 56,560	742,052,143	(946,799,467)	$ 0	(204,689,846)
Net Income for the Period	$ 0	$ 0	0	(496,666,811)	$ 0	(496,666,811)
Issuance of Preferred Stock (in shares)	500	0			0
Issuance of Preferred Stock	$ 0	$ 0	16,265	0	$ 0	16,265
Issuance of Common Stock Payable (in shares)		93,073,549
Issuance of Common Stock Payable		$ 93,073	716,599,334	0		716,692,407
Balance (in shares) at Nov. 30, 2022	918,250	149,633,884			0
Balance at Nov. 30, 2022	$ 918	$ 149,633	$ 1,458,667,742	$ (1,443,466,278)	$ 0	$ 15,352,015

Note 1 - Nature of Operations

Note 1 - Nature of Operations	9 Months Ended
	Nov. 30, 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	9 Months Ended
	Nov. 30, 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 November 30, 2022 and February 28, 2022, 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 November 30, 2022 and February 28, 2022, 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	9 Months Ended
	Nov. 30, 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 November 30, 2022 and February 28, 2022, 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 at November 30, 2022 and February 28, 2022 and a working capital deficit at November 30, 2022 and February 28, 2022. 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	9 Months Ended
	Nov. 30, 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 November 30, 2022 and February 28, 2022, respectively, would be as follows: November February 30, 2022 28, 2022 Warrants –– 1,925,000 TOTAL POSSIBLE DILUTION –– 1,925,000 At February 28, 2022 the effect of the Company's outstanding options and warrants would have been anti-dilutive.

Note 5 - Property and Equipment

Note 5 - Property and Equipment	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 PROPERTY and EQUIPMENT Property and equipment consisted of the following at November 30, 2022 and February 28, 2022: November February 30, 2022 28, 2022 Trailer $ 53,400 $ –– Vehicle 64,938 Less: Accumulated Depreciation (17,023 ) –– Net Property and Equipment $ 101,315 $ –– Depreciation expense for the three and nine months ended November 30, 2022 and 2021 was $10,246 (2021: $-0-) and $17,023 (2021: $-0-), respectively.

Note 6 - Other Assets

Note 6 - Other Assets	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	NOTE 6 - 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 November 30, 2022 and 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 $17,805,000 and $12,005,000 at November 30, 2022 and February 28, 2022, respectively. The Company is expecting to acquire majority ownership by the closing date.

Note 7 - Promissory and Convert

Note 7 - Promissory and Convertible Notes Payable	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 PROMISSORY and CONVERTIBLE NOTES PAYABLE The Company’s outstanding notes payable are summarized as follows: November February 30, 2022 28, 2022 0% unsecured note payable - December 2013, due on demand $ –– $ 2,000 0% unsecured note payable - November 2015, due on demand –– 980 8% unsecured note payable - October 2018, due on demand –– 5,000 6% unsecured note payable – April 2019, due on demand –– 3,325 8% unsecured notes payable - October 2019, due on demand 30,000 65,000 Total Notes Payable $ 30,000 $ 76,305 Interest expense for the three and nine months ended November 30, 2022 and 2021 was $600 (2021: $ 1,453) 4,363)

Note 8 - Promissory Notes Payab

Note 8 - Promissory Notes Payable, Related Party and Other Related Party Transactions	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 8 PROMISSORY NOTES PAYABLE, RELATED PARTY AND OTHER RELATED PARTY TRANSACTIONS The Company’s outstanding notes payable, related party are summarized as follows: November 30, February 28, 2022 2022 6% unsecured note payable – April 2019, due on demand –– 15,825 6% unsecured note payable – April 2019, due on demand –– 15,890 8% unsecured note payable - October 2019, due on demand –– 10,000 TOTAL $ –– $ 41,715 Interest expense for the three and nine months ended November 30, 2022 and 2021 was $-0- (2021: $1,894) and $-0- and (2021: $5,720), 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 at November 30, 2022 and February 2022, respectively, which amounts are included in “Accounts payable and accrued liabilities - related parties” on the consolidated balance sheets.

Note 9 - Common Stock Payable

Note 9 - Common Stock Payable	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Common Stock Payable - Contracts/Agreements and Deposits Received on Subscription Agreements [Text Block]	NOTE 9 COMMON STOCK PAYABLE Common Stock Payable – for Contracts/Agreements Common stock payable for contracts/agreements consists 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 November 30, 2022 and February 28, 2022, the fair value of the remaining shares owed to Raul Factor were adjusted to its fair value of $8,000,000 and $380,000 based on the closing price of the stock on those dates. The Company recognized unrealized gain (loss) on common stock payable of $4,000,000 (2021: $250,000) and ($7,620,000) (2021: $6,955,441) during the three and nine months ended November 30, 2022 and 2021, respectively. At November 30, 2022 and February 28, 2022, the Company also owed -0- and 3,354,037 shares, respectively to various people which was valued at the market rates at November 30, 2022 and February 28, 2022 totaling $-0- and $1,610,107, respectively.

Note 10 - Bond Payable

Note 10 - Bond Payable	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Long-Term Debt [Text Block]	NOTE 10 BOND PAYABLE The Company is authorized to sell $15,000,000 in bonds. $5,000,000 are tax exempt with an interest rate of 8.9%. Both bond offerings are expected to mature on December 15, 2027. At November 30, 2022 and February 28, 2022 bonds payable were $4,920,977 and $-0-, respectively.

Note 11 - Common Stock

Note 11 - Common Stock	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 11 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, 2021 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 .3253 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, 2021 in the statements of changes in stockholders’ deficit.

Note 12 - Warrants

Note 12 - Warrants	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Warrants and Rights [Text Block]	NOTE 12 - WARRANTS The following is a summary of the Company’s warrants issued and outstanding: November 30, February 28, 2022 2022 Warrants Price (a) Warrants Price (a) Beginning balance 1,925,000 $ .25 2,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (1,925,000 ) –– (1,000,000 ) –– Ending balance –– $ 0.00 1,925,000 $ .25 (a) Weighted average exercise price per shares

Note 13 - Other Matters - Joint

Note 13 - Other Matters - Joint Venture	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Other Matters [Text Block]	NOTE 13 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 November 30, 2022 and February 28, 2022, the stock was valued at $8,000,000 and $380,000 utilizing the closing prices on November 30, 2022 and February 28, 2022.

Note 14 - Risks and Uncertainti

Note 14 - Risks and Uncertainties	9 Months Ended
	Nov. 30, 2022
Notes to Financial Statements
Risks and Uncertainties [Text Block]	NOTE 14 RISKS and UNCERTAINTIES 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)	9 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Consolidation, 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)	9 Months Ended
	Nov. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	November February 30, 2022 28, 2022 Warrants –– 1,925,000 TOTAL POSSIBLE DILUTION –– 1,925,000

Note 5 - Property and Equipme_2

Note 5 - Property and Equipment (Tables)	9 Months Ended
	Nov. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	November February 30, 2022 28, 2022 Trailer $ 53,400 $ –– Vehicle 64,938 Less: Accumulated Depreciation (17,023 ) –– Net Property and Equipment $ 101,315 $ ––

Note 7 - Promissory and Conve_2

Note 7 - Promissory and Convertible Notes Payable (Tables)	9 Months Ended
	Nov. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	November February 30, 2022 28, 2022 0% unsecured note payable - December 2013, due on demand $ –– $ 2,000 0% unsecured note payable - November 2015, due on demand –– 980 8% unsecured note payable - October 2018, due on demand –– 5,000 6% unsecured note payable – April 2019, due on demand –– 3,325 8% unsecured notes payable - October 2019, due on demand 30,000 65,000 Total Notes Payable $ 30,000 $ 76,305

Note 8 - Promissory Notes Pay_2

Note 8 - Promissory Notes Payable, Related Party and Other Related Party Transactions (Tables)	9 Months Ended
	Nov. 30, 2022
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	November 30, February 28, 2022 2022 6% unsecured note payable – April 2019, due on demand –– 15,825 6% unsecured note payable – April 2019, due on demand –– 15,890 8% unsecured note payable - October 2019, due on demand –– 10,000 TOTAL $ –– $ 41,715

Note 12 - Warrants (Tables)

Note 12 - Warrants (Tables)	9 Months Ended
	Nov. 30, 2022
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	November 30, February 28, 2022 2022 Warrants Price (a) Warrants Price (a) Beginning balance 1,925,000 $ .25 2,925,000 $ .25 Issued –– –– –– –– Exercised –– –– –– –– Expired (1,925,000 ) –– (1,000,000 ) –– Ending balance –– $ 0.00 1,925,000 $ .25

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Fair Value, Recurring [Member]
Liabilities, Fair Value Disclosure, Total	$ 0	$ 0
Assets, Fair Value Disclosure, Total	$ 0	$ 0

Note 4 - Earnings Per Share - D

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

Note 5 - Property and Equipme_3

Note 5 - Property and Equipment (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Depreciation, Total	$ 10,246	$ 0	$ 17,023	$ 0

Note 5 - Property, Plant and Eq

Note 5 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Less: Accumulated Depreciation	$ 17,023
Property and Equipment, Net	101,315	$ 0
Trailer [Member]
Trailer	53,400
Vehicles [Member]
Trailer	$ 64,938

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual) - USD ($)	Nov. 30, 2022	Feb. 28, 2022	Oct. 12, 2021
Inventory, Work in Process, Gross	$ 118,358	$ 118,358
Related Party Purchase of Shares Agreement, Price Per Share (in dollars per share)			$ 2.10
Deposits Assets, Noncurrent	$ 17,805,000	$ 12,005,000

Note 7 - Promissory and Conve_3

Note 7 - Promissory and Convertible Notes Payable (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Interest Expense, Total	$ 80,010	$ 3,347	$ 78,458	$ 10,083
Unsecured Debt [Member]
Interest Expense, Total	$ 600	$ 1,453	$ 1,800	$ 4,363

Note 7 - Promissory and Conve_4

Note 7 - Promissory and Convertible Notes Payable - Summary of Outstanding Notes Payable (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Promissory notes payable	$ 30,000	$ 76,305
The 0 Percent Unsecured Note Payable Issued December 2013 [Member]
Promissory notes payable		2,000
The 0 Percent Unsecured Note Payable Issued November 2015 [Member]
Promissory notes payable		980
The 8 Percent Unsecured Note Payable Issued October 2018 [Member]
Promissory notes payable		5,000
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory notes payable		3,325
The 8 Percent Promissory Notes Issued October 2019 [Member]
Promissory notes payable	$ 30,000	$ 65,000

Note 8 - Promissory Notes Pay_3

Note 8 - Promissory Notes Payable, Related Party and Other Related Party Transactions (Details Textual) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	45 Months Ended
	Jan. 01, 2019	Jan. 31, 2022	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021	Feb. 28, 2022	Nov. 30, 2022	Feb. 28, 2021	Feb. 28, 2019
Interest Expense, Total			$ 80,010	$ 3,347	$ 78,458	$ 10,083
Accounts Payable, Related Parties, Current			210,168		210,168		$ 217,584	$ 210,168
Notes Receivable, Related Parties, Current			600,000		600,000		0	600,000
Advisory Company Owned by Former CEO [Member]
Interest Expense, Total			0	1,894	0	5,720
Related Party Transaction, Monthly Management Fee	$ 15,000
Due to Related Parties, Current, Total							30,000			$ 30,000
Related Party Transaction, Amounts of Transaction		$ 88,000
Related Party Transaction, Disputed Amount			150,000		150,000			150,000
Accounts Payable, Related Parties, Current			$ 198,803	$ 107,868	$ 198,803	$ 107,868	198,803	198,803	$ 17,868
Notes Receivable, Related Parties, Current		64,300
Interest Payable, Current		$ 16,573
Increase (Decrease) in Accounts Payable, Related Parties							80,873
Advisory Company Owned by Former CEO [Member] | Professional Fees [Member]
Increase (Decrease) in Accounts Payable, Related Parties							$ (19,868)
Advisory Company Owned by Former CEO [Member] | Management Fee [Member]
Related Party Transaction, Amounts of Transaction								$ 0

Note 8 - Promissory Notes Pay_4

Note 8 - Promissory Notes Payable, Related Party and Other Related Party Transactions - Outstanding Notes Payable, Related Party (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Promissory Notes Payable - Related Parties	$ 0	$ 41,715
The 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory Notes Payable - Related Parties		15,825
The Second 6 Percent Promissory Notes Issued April 2019 [Member]
Promissory Notes Payable - Related Parties		15,890
The 8 Percent Promissory Notes Issued October 2019 [Member]
Promissory Notes Payable - Related Parties		$ 10,000

Note 9 - Common Stock Payable (

Note 9 - Common Stock Payable (Details Textual) - USD ($)		3 Months Ended		9 Months Ended
	Jun. 07, 2021	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021	Feb. 28, 2022	Feb. 28, 2021
Common Stock Payable, Contract Agreements, Fair Value of Shares	$ 600,000
Common Stock Payable, Contract Agreements, Unrealized Gain	150,000	$ 4,000,000	$ 250,000	$ (7,620,000)	$ 6,955,441
Common Stock Payable, Gain on Issuance of Shares	$ 360,000
Common Stock Payable, Deposit Received on Subscription Agreements, Fair Value of Shares		8,000,000		8,000,000		$ 1,990,107
Raul Factor [Member]
Common Stock Payable, Shares, Contract Agreements							1,000,000
Common Stock Payable, Deposit Received on Subscription Agreements, Fair Value of Shares		$ 8,000,000		$ 8,000,000		$ 380,000
Landlord [Member]
Common Stock Payable, Shares, Contract Agreements							1,000,000
Stock Issued During Period, Shares, New Issues	6,667
Various Investors [Member]
Common Stock Payable, Shares, Contract Agreements		0		0		3,354,037
Common Stock Payable, Contract Agreements, Fair Value of Shares		$ 0		$ 0		$ 1,610,107

Note 10 - Bond Payable (Details

Note 10 - Bond Payable (Details Textual) - USD ($)	9 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Bonds, Authorized Amount	$ 15,000,000
Bonds Payable, Current	4,920,977	$ 0
Tax Exempt Bonds Payable [Member]
Bonds, Authorized Amount	$ 5,000,000
Bonds, Tax Exempt, Interest rate	8.90%

Note 11 - Common Stock (Details

Note 11 - Common Stock (Details Textual)		9 Months Ended	12 Months Ended
	Feb. 23, 2022 Rate	Nov. 30, 2022 USD ($) $ / shares shares	Feb. 28, 2022 USD ($) $ / shares shares
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 Share			1
Stockholders' Equity Note, Stock Split, Conversion Ratio (Rate)	150
Preferred Stock, Shares Authorized (in shares)		5,000,000
Preferred Stock, No Par Value (in dollars per share) | $ / shares		$ 0
Preferred Stock, Voting Rights, Number of Votes Per Share		100
Share Price (in dollars per share) | $ / shares		$ 0.3253	$ 0.59
Treasury Stock, Shares, Acquired (in shares)			27,914,411
Treasury Stock, Value, Acquired, Par Value Method | $			$ 813,261
Series D Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)		1,500,000	1,500,000
Preferred Stock [Member] | Series D Preferred Stock [Member]
Stock Issued During Period, Shares, Issued for Services (in shares)		3,250	915,000
Stock Issued During Period, Value, Issued for Services | $		$ 105,723	$ 539,850
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio (Rate) | Rate	15,000%

Note 11 - Warrants - Summary of

Note 11 - Warrants - Summary of Warrants Issued and Outstanding (Details) - $ / shares	9 Months Ended	12 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Beginning balance (in shares)	1,925,000	2,925,000
Beginning balance (in dollars per share)	$ 0.25	$ 0.25
Expired (in shares)	1,925,000	1,000,000
Ending balance (in dollars per share)	$ 0	$ 0.25
Ending balance (in shares)		1,925,000

Note 13 - Other Matters - Joi_2

Note 13 - Other Matters - Joint Venture (Details Textual) - USD ($)	Jul. 11, 2019	Nov. 30, 2022	Feb. 28, 2022	Feb. 28, 2021	Jul. 08, 2019
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0	$ 0.25	$ 0.25
Common Stock Payable, Deposit Received on Subscription Agreements, Fair Value of Shares		$ 8,000,000	$ 1,990,107
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]
Warrants and Rights Outstanding, Term	18 months
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.25
Raul Factor BV [Member]
Proceeds from Issuance or Sale of Equity, Total	$ 200,000
Equity Offering, Units Issued or Issuable	1,000,000
Equity Offering, Units Issued, Price Per Share	$ 0.20
Stock Issued During Period, Shares, New Issues	1,000,000
Raul Factor [Member]
Common Stock Payable, Deposit Received on Subscription Agreements, Fair Value of Shares		$ 8,000,000	$ 380,000