Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Operations and Management Plans

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Note 2 - Operations and Management Plans
3 Months Ended
Feb. 29, 2024
Notes to Financial Statements  
Operations and Management Plans Disclosure [Text Block]

2.

OPERATIONS AND MANAGEMENT PLANS

 

From inception to February 29, 2024, the Company has incurred an accumulated deficit of approximately $69.6 million.  The Company has funded operations through the issuance of common stock.  The Company generated a nominal amount of net income for the three months ended February 29, 2024.  The Company’s future success is dependent upon its ability to continue to raise sufficient capital or generate adequate revenues, to cover its ongoing operating expenses, and also to continue to develop and be able to profitably market its products. 

 

Management projects that all cash needs will be met beyond one year from the time these financial statements are issued.