Artificial Intelligence Technology Solutions Inc 10-Q for FY2027 Q2

Artificial Intelligence Technology Solutions Inc. (AITX)

10-Q 2026-10-20 For: 2026-08-31

Added on October 21, 2026

About this 10-Q

Artificial Intelligence Technology Solutions Inc filed this 10-Q on October 20, 2026, covering the quarter ended August 31, 2026 (FY2027 Q2).

Artificial Intelligence Technology Solutions Inc. reported revenue of $3,816,806 and a net loss of $12,554,310 for the six months ended August 31, 2026. Cash of $220,275 against $58,906,967 of current liabilities raised substantial doubt about its ability to continue as a going concern. AI summary

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Nevada		27-2343603
(State or other jurisdiction of Incorporation or organization)		(I.R.S. Employer Identification Number)

10800 Galaxie Avenue Ferndale, MI		48220
(Address of principal executive offices)		(Zip code)

Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☒

		Emerging growth company	☐

		PAGE
PART I	FINANCIAL INFORMATION

ITEM 1.	Financial Statements	3

	Condensed Consolidated Balance Sheets as of August 31, 2026 and February 28, 2026 (Unaudited)	3

	Condensed Consolidated Statements of Operations for the Three Months and Six Months Ended August 31, 2026 and 2025 (Unaudited)	4

	Condensed Consolidated Statements of Stockholders’ Deficit for the Six Months Ended August 31, 2026 and 2025 (Unaudited)	5-6

	Condensed Consolidated Statements of Cash Flows for the Six Months Ended August 31, 2026 and 2025 (Unaudited)	7

	Notes to the Consolidated Financial Statements (Unaudited)	8-35

ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	36

ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	42

ITEM 4.	Controls and Procedures	42

PART II	OTHER INFORMATION

ITEM 1.	Legal Proceedings	43

ITEM 1A.	Risk Factors	43

ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	43

ITEM 3.	Defaults Upon Senior Securities	46

ITEM 4.	Mine Safety Disclosures	46

ITEM 5.	Other Information	46

ITEM 6.	Exhibits	46

SIGNATURES		47

	August 31, 2026			February 28, 2026*
ASSETS
Current assets:
Cash	$	220,275		$	109,043
Accounts receivable, net		947,146			1,004,201
Device parts inventory, net		1,261,080			1,318,742
Prepaid expenses and deposits		583,596			503,017
Total current assets		3,012,097			2,935,003
Operating lease asset		850,096			931,814
Revenue earning devices, net of accumulated depreciation of $4,329,418 and $3,257,668, respectively		4,677,987			5,097,627
Fixed assets, net of accumulated depreciation of $583,597and $540,426, respectively		160,506			183,185
Trademarks		36,157			35,319
Investment at cost		100,000			100,000
Security deposit		19,280			19,280
Total assets	$	8,856,123		$	9,302,228
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued expenses	$	2,920,634		$	3,007,270
Customer deposits		191,638			147,326
Current operating lease liability		234,795			243,690
Current portion of deferred variable payment obligation		3,781,263			3,161,727
Loan payable - related party		344,394			461,633
Deferred compensation for CEO		1,951,968			1,811,856
Current portion of loans payable, net of discount of $2,782,491 and $635,774		32,779,837			8,848,140
Current portion of accrued interest payable		12,811,856			2,271,106
Derivative liability		3,890,582			—
Total current liabilities		58,906,967			19,952,748
Non-current operating lease liability		607,629			676,694
Loans payable, net of discount of $11,337 and $0		1,638,664			24,188,380
Deferred variable payment obligation		2,525,000			2,525,000
Incentive compensation plan payable		5,500,000			5,500,000
Accrued interest payable		1,036,372			9,122,552
Total liabilities		70,214,632			61,965,374

Series B Convertible, Redeemable Preferred Stock. $0.001 par value; 8% cumulative dividend payable quarterly,$1,200 stated value, 5,000 shares authorized, no shares issued and outstanding at August 31, 2026 and February 28, 2026, respectively		—			—
Series C Convertible, Redeemable Preferred Stock. $0.001 par value; $1,200 stated value, redeemable at 109.5%, 12% dividend, 1,000 shares authorized, 253 and 417 shares issued and outstanding at August 31, 2026 and February 28, 2026, respectively		332,264			547,941
Convertible, Redeemable Preferred Stock value		332,264			547,941

Commitments and Contingencies		-
Stockholders’ deficit:
Preferred Stock, undesignated; 15,534,000 shares authorized; no shares issued and outstanding at August 31, 2026 and February 28, 2026, respectively		—			—
Series G Redeemable Preferred Stock. $0.001 par value; 100,000 shares authorized, no shares issued and outstanding at August 31, 2026 and February 28, 2026, respectively		—			—
Series E Preferred Stock, $0.001 par value; 4,350,000 shares authorized; 3,350,000 and 3,350,000 shares issued and outstanding, respectively		3,350			3,350
Series F Convertible Preferred Stock, $1.00 par value; 10,000 shares authorized; 2,513 and 2,513 shares issued and outstanding, respectively		2,513			2,513
Preferred Stock,value		2,513			2,513
Common Stock, $0.00001 par value; 12,000,000,000 shares authorized 596,259,245 and 267,872,804 shares issued, issuable and outstanding, respectively		5,963			2,679
Additional paid-in capital		122,283,195			117,803,027
Preferred stock to be issued		99,086			99,086
Accumulated deficit		(184,084,880	)		(171,121,742	)
Total stockholders’ deficit		(61,690,773	)		(53,211,087	)
Total liabilities and stockholders’ deficit	$	8,856,123		$	9,302,228

	Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
	August 31, 2026			August 31, 2025			August 31, 2026			August 31, 2025

Revenues	$	1,985,604		$	1,888,749		$	3,816,806		$	3,743,586

Purchases and overhead		387,649			50,664			521,833			224,044
Depreciation and amortization		534,654			493,220			1,047,848			941,176
Cost of Goods Sold		922,303			543,884			1,569,681			1,165,220

Gross Profit		1,063,301			1,344,865			2,247,125			2,578,366

Operating expenses:
Research and development (Note 10)		1,062,671			919,714			1,948,264			2,007,333
General and administrative		2,579,273			2,634,832			5,486,849			5,867,042
Depreciation and amortization		34,426			36,900			67,072			71,021
Operating lease cost and rent		67,327			62,578			134,699			120,797
Total operating expenses		3,743,697			3,654,024			7,636,884			8,066,193

Loss from operations		(2,680,396	)		(2,309,159	)		(5,389,759	)		(5,487,827	)

Other income (expense), net:
Interest expense		(2,477,037	)		(1,297,962	)		(4,775,911	)		(2,713,311	)
Derivative liability loss		(1,495,130	)		—			(1,495,130	)		—
Gain (loss) on settlement of debt		(185,910	)		4,370,185			(893,510	)		4,370,185
Total other income (expense) net		(4,158,077	)		3,072,223			(7,164,551	)		1,656,874

Net income (loss)	$	(6,838,473	)	$	763,064		$	(12,554,310	)	$	(3,830,953	)

Net income (loss) per share - basic	$	(0.02	)	$	(0.00	)	$	(0.03	)	$	(0.02	)

Net income (loss) per share - diluted	$	(0.02	)	$	(0.00	)	$	(0.03	)	$	(0.02	)

Weighted average common share outstanding - basic		451,014,825			184,694,421			388,485,442			169,935,566

Weighted average common share outstanding - diluted		451,014,825			876,681,766			388,485,442			169,935,566

	Shares			Amount				Shares		Amount		Shares		Amount		Shares		Amount		Capital			Deficit			Deficit
	Temporary Equity							Shareholder’s Deficit
	Series B & C							Series E				Series F								Additional						Total
	Preferred Stock							Preferred Stock				Preferred Stock				Common Stock				Paid-In			Accumulated			Shareholders’
	Shares			Amount				Shares		Amount		Shares		Amount		Shares		Amount		Capital			Deficit			Deficit

Balance at February 28, 2025		306		$	402,084		-		3,350,000	$	3,350		2,513	$	101,599		144,124,538	$	1,441	$	106,459,528		$	(156,496,930	)	$	(49,931,012	)

Issuance of shares, net of $121,746 issuance costs		—			—		-		—		—		—		—		19,000,000		190		2,691,104			—			2,691,294
Debt exchanged for common shares		—			—				—		—		—		—		6,850,000		69		1,250,431			—			1,250,500
Series C Preferred shares issued as dividend		9			12,073				—		—		—		—		—		—		(12,073	)		—			(12,073	)
Stock based compensation		—			—				—		—		—		—		—		—		80,355			—			80,355
Net loss		—			—		-		—		—		—		—		—		—		—			(4,594,018	)		(4,594,018	)
Balance at May 31, 2025		315		$	414,157		-		3,350,000	$	3,350		2,513	$	101,599		169,974,538	$	1,700	$	110,469,345		$	(161,090,948	)	$	(50,514,954	)

Issuance of shares, net of $75,919 issuance costs		—			—		-		—		—		—		—		15,403,802		154		1,252,232			—			1,252,386
Debt exchanged for common shares		—			—				—		—		—		—		12,500,000		125		1,249,875			—			1,250,000
Series C Preferred shares issued as dividend		9			12,435				—		—		—		—		—		—		(12,435	)		—			(12,435	)
Series C penalty shares		114			149,307				—		—		—		—		—		—		(149,307	)		—			(149,307	)
Redemption of Series C shares		(95	)		(125,000	)			—		—		—		—		—		—		29,871			(29,871	)		—
Stock based compensation		—			—				—		—		—		—		—		—		80,355			—			80,355
Net income		—			—		-		—		—		—		—		—		—		—			763,064			763,064
Balance at August 31, 2025		343		$	450,899		-		3,350,000	$	3,350		2,513	$	101,599		197,878,340	$	1,979	$	112,919,936		$	(160,357,755	)	$	(47,330,891	)

*	$41,916 issuance costs including 2,500,000 commitment fees shares at a value of $16,500
**	Redemption from conversion of Series C shares to common shares

	Six Months Ended August 31, 2026			Six Months Ended August 31, 2025
CASH FLOWS USED IN OPERATING ACTIVITIES:
Net loss	$	(12,554,310	)	$	(3,830,953	)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization		1,114,920			1,012,196
Bad debts expense		40,000			71,482
Inventory provision		270,987			—
Reduction of right of use asset		77,960			68,809
Accretion of lease liability		44,627			53,778
Stock based compensation		94,483			160,710
Amortization of debt discounts		1,036,482			143,217
Derivative liability loss		1,495,130			—
(Gain) loss on settlement of debt		893,510			(4,370,185	)
Increase (decrease) in related party accrued payroll and interest		(117,239	)		67,575
Changes in operating assets and liabilities:
Accounts receivable		17,055			364,630
Prepaid expenses		(76,821	)		340,696
Deposit on right of use asset		—			(13,187	)
Device parts inventory		(870,327	)		(1,283,861	)
Accounts payable and accrued expenses		(87,311	)		473,931
Customer deposits		44,312			(7,649	)
Deferred compensation for CEO		140,112			(1,004,917	)
Operating lease liabilities		(121,908	)		(118,906	)
Current portion of deferred variable payment obligation for payments		619,535			609,067
Accrued interest payable		3,117,961			1,863,013
Net cash used in operating activities		(4,820,842	)		(5,400,554	)

CASH FLOWS USED IN INVESTING ACTIVITIES:
Purchase of fixed assets		(15,600	)		(8,422	)
Acquisition of trademarks		(838	)		(1,998	)
Net cash used in investing activities		(16,438	)		(10,420	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Share proceeds net of issuance costs		1,332,722			4,362,349
Proceeds from loans payable		4,594,328			1,050,671
Repayment of loans payable		(1,178,538	)		(420,000	)
Proceeds on issuance of Series C shares		200,000			—
Redemption of Series C shares		—			(125,000	)
Net cash provided by financing activities		4,948,512			4,868,020

Net change in cash		111,232			(542,954	)

Cash, beginning of period		109,043			865,975

Cash, end of period	$	220,275		$	323,021

Supplemental disclosure of cash and non-cash transactions:
Cash paid for interest	$	21,575		$	74,338
Cash paid for income taxes	$	—		$	—

Noncash investing and financing activities:
Transfer from device parts inventory to revenue earning devices	$	657,002		$	1,792,348
Debt discount from derivative liabilities	$	2,395,452		$	—
Conversion of debt and accrued interest for common shares	$	149,992		$	—
Conversion of Series C shares for common shares	$	534,798		$	—
Exchange of note payable for common stock	$	985,990		$	2,500,500
Commitment fee shares as debt discount	$	202,250		$	—
Right of use asset for lease liability	$	—		$	53,739
Series C preferred shares issued as dividend	$	27,413		$	24,508
Discount applied to face value of the loan	$	596,834		$	251,629
Series C penalty shares issued	$	—		$	149,307

Computer equipment and software		2 or 3 years
Office equipment		4 years
Manufacturing equipment		7 years
Warehouse equipment		5 years
Tooling		2 years
Demo Devices		4 years
Vehicles		3 years
Leasehold improvements		5 years, the life of the lease

	●	Does the agreement purport, in substance, to be a sale
	●	Does the Company have continuing involvement in the generation of cash flows due the investor
	●	Is the transaction cancellable by either party through payment of a lump sum or other transfer of assets
	●	Is the investors rate of return is implicitly limited by the terms of the agreement
	●	Does the Company’s revenue for a reporting period underlying the agreement have only a minimal impact on the investor’s rate of return
	●	Does the investor have recourse relating to payments due

	●	Freestanding instruments, including warrants. The Company first applies ASC 480, Distinguishing Liabilities from Equity. Instruments outside ASC 480 are assessed under ASC 815-40-15 (indexation to the Company’s own stock) and ASC 815-40-25 (equity classification conditions). Warrants that fail either test are classified as derivative liabilities.

	●	Embedded features in hybrid instruments. Conversion, redemption, put and default features embedded in notes, preferred stock and loan agreements are bifurcated when (a) their economic characteristics and risks are not clearly and closely related to the host contract, (b) the hybrid instrument is not remeasured at fair value through earnings, and (c) a separate instrument with the same terms would be a derivative (ASC 815-15-25-1).

	●	Variable-price conversion features. Conversion features priced at a discount to the Company’s market price, or that can otherwise require a variable number of shares, generally are not indexed to the Company’s own stock and are bifurcated as derivative liabilities.

	●	Preferred stock. For Series C or Series F preferred stock, the Company determines whether the host contract is more akin to debt or equity based on all stated and implied terms (ASC 815-15-25-17A through 25-17D). It then assesses whether conversion and redemption features are clearly and closely related to that host.

	●	Debt default and put features. Contingent puts, default penalties, redemption premiums and default-interest provisions are evaluated under ASC 815-15-25-40 through 25-43. Features that can accelerate repayment at a substantial premium are generally bifurcated.

	●	Allocation of proceeds. When a derivative is bifurcated from a debt host, proceeds are allocated first to the derivative liability and any liability-classified warrants at fair value. The residual is allocated to the host debt.

	●	Debt discount. The resulting discount, together with debt issuance costs, is amortized to interest expense over the term of the debt using the effective interest method.

	●	Day-one excess. When the fair value of derivative liabilities at issuance exceeds the net proceeds received, the excess is recognized immediately in earnings as derivative liability loss.

	●	Preferred stock. When a bifurcated feature is embedded in preferred stock, the carrying amount of the preferred stock is reduced by the fair value of the derivative at issuance.

	●	Conversion. On conversion under the original terms, the bifurcated derivative is remeasured to fair value at the conversion date, with the change recognized in earnings. The carrying amount of the host instrument, net of unamortized discount, and the derivative’s fair value are then reclassified to stockholders’ equity. No gain or loss is recognized.

	●	Repayment or extinguishment. When debt is settled other than by conversion, the derivative is remeasured to fair value and derecognized. The difference between the reacquisition price and the combined carrying amount of the debt and derivative is recognized as a gain or loss on extinguishment (ASC 470-50-40-2).

	●	Modifications and inducements. Modifications, exchanges and induced conversions are evaluated under ASC 470-50 and ASC 470-20-40.

	●	Warrant exercise. Liability-classified warrants are remeasured to fair value on the exercise date and reclassified to additional paid-in capital.

	●	Equity to liability. A contract that no longer qualifies for equity classification, for example because of insufficient authorized shares, is reclassified to a liability at its fair value on that date. The difference from its carrying amount is recorded in equity (ASC 815-40-35-10).

	●	Liability to equity. A contract that later qualifies for equity classification is remeasured to fair value through earnings and reclassified to equity at that amount.

Input		Basis
Stock price		Closing price of the Company’s common stock on OTC Markets at the measurement date

Exercise or conversion price		Contractual exercise price; for variable-price features, the price under the conversion formula at the measurement date

Term		Remaining contractual term of the instrument

Expected volatility		Historical volatility of the Company’s common stock over a period matching the term

Risk-free rate		U.S. Treasury yield for a matching term

Dividend yield		0%; the Company has not paid and does not expect to pay dividends

	●	Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date.

	●	Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

	●	Level 3 – Inputs that are unobservable for the asset or liability.

	Amount at		Fair Value Measurement Using
	Fair Value		Level 1		Level 2		Level 3
August 31, 2026
Assets
Investment at cost	$	100,000	$	50,000	$	—	$	50,000
Liabilities
Derivative liabilities	$	3,890,582	$	—	$	—	$	3,890,582
Incentive compensation plan payable – revaluation of equity awards payable in Series G shares	$	5,500,000	$	—	$	—	$	5,500,000

February 28, 2026
Assets
Investment at cost	$	100,000	$	50,000	$	—	$	50,000
Liabilities
Incentive compensation plan payable – revaluation of equity awards payable in Series G shares	$	5,500,000	$	—	$	—	$	5,500,000

Leases	Classification	August 31, 2026		February 28, 2026
Assets
Operating	Operating Lease Assets	$	850,096	$	931,814
Liabilities
Current
Operating	Current Operating Lease Liability	$	234,795	$	243,690
Noncurrent
Operating	Noncurrent Operating Lease Liabilities		607,629		676,694
Total lease liabilities		$	842,424	$	920,384

	August 31, 2026			February 28, 2026
Revenue earning devices	$	9,007,405		$	8,355,295
Less: Accumulated depreciation		(4,329,418	)		(3,257,668	)
Total	$	4,677,987		$	5,097,627

Depreciation and Amortization	Three Months Ended August 31, 2026		Three Months Ended August 31, 2025		Six Months Ended August 31, 2026		Six Months Ended August 31, 2025

Cost of Goods Sold	$	534,654	$	493,220	$	1,047,848	$	941,176
Operating expenses		13,097		5,736		23,901		9,840
Total Depreciation and Amortization of Revenue Earning Devices	$	547,751	$	498,956	$	1,071,749	$	951,016

	August 31, 2026			February 28, 2026
Automobile	$	74,237		$	74,237
Demo devices		270,313			265,421
Tooling		122,620			107,020
Machinery and equipment		17,246			17,246
Computer equipment		157,448			157,448
Office equipment		15,312			15,312
Furniture and fixtures		21,225			21,225
Warehouse equipment		38,746			38,746
Leasehold improvements		26,956			26,956
Fixed assets gross		744,103			723,611
Less: Accumulated depreciation		(583,597	)		(540,426	)
Fixed assets, net of accumulated depreciation	$	160,506		$	183,185

Depreciation and Amortization	Three Months Ended August 31, 2026		Three Months Ended August 31, 2025		Six Months Ended August 31, 2026		Six Months Ended August 31, 2025

Fixed Assets	$	21,329	$	31,164	$	43,171	$	61,181
Revenue earning devices		13,097		5,736		23,901		9,840
Total Depreciation and Amortization Included in operating expenses	$	34,426	$	36,900	$	67,072	$	71,021

	(1)	The investor would pay up to $400,000 in exchange for a perpetual 4% rate Payment on the Company’s reported quarterly Revenues. At February 29, 2020, $400,000 has been paid to the Company.

	(2)	The investor would pay up to $50,000 in exchange for a perpetual 1.11% rate Payment on the Company’s reported quarterly Revenues. At February 29, 2020, $50,000 has been paid to the Company.

	1)	The rate payment was reduced from 14.25 % to 9.65 %
	2)	The asset disposition % (see below) was reduced from 31 % to 21%

Date	Maturity	Description	Principal			Interest Rate
July 18, 2016	July 18, 2017	Promissory note (1)*	$	3,500			22	%
December 10, 2020	March 1, 2027	Promissory note (2)		3,921,168			^A12	%
December 10, 2020	March 1, 2027	Promissory note (3)		2,754,338			^A12	%
December 14, 2020	March 1, 2027	Promissory note (5)		310,375			12	%
December 30, 2020	March 1, 2027	Promissory note (6)		350,000			^A 12	%
January 1, 2021	March 1, 2027	Promissory note (7)		25,000			12	%
January 1, 2021	March 1, 2027	Promissory note (8)		145,000			12	%
January 14, 2021	March 1, 2027	Promissory note (9)		237,500			^A 12	%
February 22, 2021	March 1, 2027	Promissory note (10)		1,650,000			12	%
March 1, 2021	March 1, 2027	Promissory note (11)		6,000,000			12	%
June 8, 2021	June 8, 2027	Promissory note (12)		2,750,000			12	%
September 14, 2021	September 14, 2027	Promissory note (14)		1,650,000			^A 12	%
July 28, 2022	March 1, 2027	Promissory note (15)		170,000			15	%
August 30, 2022	August 30, 2027	Promissory note (16)		3,000,000			^A 15	%
September 7, 2022	March 1, 2027	Promissory note (17)		400,000			15	%
September 8, 2022	March 1, 2027	Promissory note (18)		475,000			15	%
October 13, 2022	March 1, 2027	Promissory note (19)		350,000			15	%
October 28, 2022	October 31, 2026	Promissory note (20)		67,410			^A 15	%
November 9, 2022	October 31, 2026	Promissory note (20)		400,000			^A 15	%
November 10, 2022	October 31, 2026	Promissory note (20)		400,000			^A 15	%
November 15, 2022	October 31, 2026	Promissory note (20)		400,000			^A 15	%
January 11, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
February 6, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
April 5, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
April 20, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
May 11, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
October 27, 2023	October 31, 2026	Promissory note (20)		400,000			^A 15	%
November 30, 2023	August 30, 2027	Purchase Agreement (21)		203,000			15	%
March 8, 2024	August 30, 2027	Purchase Agreement (22)		350,000			15	%
July 26, 2025	November 15, 2026^E	Promissory note (23)		165,000			^C 15	%
August 7, 2025	November 15, 2026^E	Promissory note (24)		245,000			^C 15	%
August 25, 2025	November 15, 2026^E	Promissory note (25)		137,500			^C 15	%
August 25, 2025	May 6, 2026	Future Receivables Purchase and Sale Agreement (26)		—			108	%
September 25, 2025	November 15, 2026^E	Promissory note (27)		550,000			^C 15	%
October 30, 2025	October 30, 2026	Promissory note (28)		200,000			^C 15	%
November 6, 2025	November 6, 2026	Promissory note (29)		275,000			^C 15	%
	November 24, 2026	Promissory note (30)		450,000			^C 15	%
December 9, 2025	December 9, 2026	Promissory note (31)		450,000			^C 15	%
December 17, 2025	September 23, 2026	Business loan (32)		—			65	%
December 22, 2025	December 22, 2026	Convertible note (33)		355,000			12	%
December 27, 2025	December 27, 2026	Promissory note (34)		275,000			^C 15	%
January 12, 2026	January 12, 2027	Promissory note (35)		330,000			^C 15	%
January 27, 2026	January 27, 2027	Promissory note (36)		170,000			^C 15	%
February 2, 2026	February 2, 2027	Promissory note (37)		330,000			^C 15	%
February 19, 2026	February 19, 2027	Convertible note (38)		165,000			12	%
February 24, 2026	February 24, 2027	Promissory note (39)		170,000			^C15	%
March 16, 2026	March 16, 2027	Promissory note (13)		170,000			^C 15	%
March 25, 2026	March 25, 2027	Convertible note (40)		110,000			12	%
March 25, 2026	March 25, 2026	Convertible note (41)		—			12	%
April 9, 2026	January 15, 2027	Convertible note (42)		257,000			10	%
April 13, 2026	April 13, 2027	Future Receivables Purchase and Sale Agreement (43)		463,904			NA
April 20, 2026	April 20, 2027	Convertible note (44)		277,778			12	%
May 1, 2026	January 15, 2027	Convertible note (45)		157,000			10	%
May 4, 2026	May 4, 2027	Convertible Note (46)		700,000			12	%
May 28 2026	May 28 2027	Convertible Note (47)		138,889			12	%
May 29, 2026	May 29, 2027	Promissory note (4)		225,000			^C 15	%
June 3, 2026	June 3, 2027	Convertible Note(48)		230,000			6	%
June 9, 2026	June 9, 2027	Convertible Note(49)		55,000			10	%
June 9, 2026	June 9, 2027	Convertible Note(50)		110,000			10	%
June 15, 2026	June 15, 2027	Convertible Note(51)		165,000			10	%
June 24, 2026	June 24, 2027	Convertible Note(52)		166,667			10	%
June 26, 2026	March 30, 2027	Convertible Note(53)		157,000			10	%
July 9, 2026	July 9, 2027	Promissory note(54)		165,000			^C15	%
July 30, 2026	April 15, 2027	Promissory note(55)		200,000			NA
August 11, 2026	August 11, 2027	Convertible Note(56)		209,300			12	%
August 11, 2026	July 6, 2027	Promissory note(57)		200,000			NA
August 19, 2026	August 19, 2027	Convertible Note(58)		150,000			12	%
August 27, 2026	May 13, 2027	Promissory note(59)		225,000			NA
			$	37,212,329

Less: current portion of loans payable				(35,562,328	)
Less: discount on non-current loans payable				(11,337	)
Non-current loans payable, net of discount			$	1,638,664

Current portion of loans payable			$	35,562,328
Less: discount on current portion of loans payable				(2,782,491	)
Current portion of loans payable, net of discount			$	32,779,837

Convertible notes			$	3,403,634
Loans payable				33,808,695
Total Loans Payable			$	37,212,329

(1)	This note was transferred from convertible notes payable because in August 2022 it was no longer convertible due to restrictions placed on the lender.

(2)	This promissory note was issued as part of a debt settlement whereby $2,683,357 in convertible notes and associated accrued interest of $1,237,811 totaling $3,921,168 was exchanged for this promissory note of $3,921,168, and a warrant to purchase 450,000,000 shares at an exercise price of $.002 per share and a three-year maturity having a relative fair value of $990,000. This note is secured by a general security charging all of the Company’s present and after-acquired property. On November 28, 2023, the parties extended the maturity date from December 10, 2023, to March 1, 2025, with all other terms and conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same. On December 10, 2025 an exchange agreement was made whereby principal and interest of this note may be exchanged for common shares at 90% of the 5 days’ lowest bid of shares. For the three months ending May 31, 2026 the company exchanged $336,000 accrued interest for 14,000,000 common shares at a fair value of $910,700 with a loss on settlement of $574,700.

(3)	This promissory note was issued as part of a debt settlement whereby $1,460,794 in convertible notes and associated accrued interest of $1,593,544 totaling $3,054,338 was exchanged for this promissory note of $3,054,338, and a warrant to purchase 250,000,000 shares at an exercise price of $0.002 per share and a three-year maturity having a relative fair value of $550,000. This note is secured by a general security charging all of the Company’s present and after-acquired property. $300,000 has been repaid during the year ended February 29, 2024. On November 28, 2023, the parties extended the maturity date from December 10, 2023, to March 1, 2025, with all other terms and conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same. On November 24, 2025, the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest bid price. On February 8, 2026, the holder exchanged $192,000 in accrued interest for 8,000,000 common shares at fair value of $320,000 with a loss on settlement of $128,000.

(4)	Original $225,000 note may be pre-payable at any time. The note balance includes an original issue discount of $25,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $5,679, with an unamortized discount of $19,321 at August 31, 2026.

(5)	This promissory note was issued as part of a debt settlement whereby $235,000 in convertible notes and associated accrued interest of $75,375 totaling $310,375 was exchanged for this promissory note of $310,375, and a warrant to purchase 25,000,000 shares at an exercise price of $0.002 per share and a three-year maturity having a fair value of $182,500. On December 14, 2023, the parties extended the maturity date from December 14, 2023 date to March 1, 2027.

(6)	The note, with an original principal amount of $350,000, may be pre-payable at any time. The note balance includes an original issue discount of $35,000 and was issued with a warrant to purchase 50,000,000 shares at an exercise price of $0.025 per share with a 3-year term and having a relative fair value of $271,250. The discounts are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $271,250 with a corresponding adjustment to paid in capital for the relative fair value of the warrant. On March 1, 2024, the unamortized relative fair value discount of $65,092 was removed with a corresponding adjustment to accumulated deficit. A $8,399 unamortized discount remained. On November 28, 2023, the parties extended the maturity date from December 10, 2023, to March 1, 2025, with all other terms and conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same..

(7)	This promissory note was issued as part of a debt settlement whereby $9,200 in convertible notes and associated accrued interest of $6,944 totaling $16,144 was exchanged for this promissory note of $25,000. This note is secured by a general security charging all of the Company’s present and after-acquired property. On November 28, 2023, the parties extended the maturity date from January 1, 2024, to March 1, 2025, with all other terms and conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(8)	This promissory note was issued as part of a debt settlement whereby $79,500 in convertible notes and associated accrued interest of $28,925 totaling $108,425 was exchanged for this promissory note of $145,000. This note is secured by a general security charging all of the Company’s present and after-acquired property. On November 28, 2023, the parties extended the maturity date from January 1, 2024, to March 1, 2025, with all other terms and conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(9)	The note, with an original principal amount of $550,000, may be pre-payable at any time. The note balance includes an original issue discount of $250,000 and was issued with a warrant to purchase 50,000,000 shares at an exercise price of $0.025 per share with a 3-year term and having a relative fair value of $380,174. The discounts are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $380,174 with a corresponding adjustment to paid in capital. On March 1, 2024, the unamortized relative fair value discount of $80,284 was removed with a corresponding adjustment to accumulated deficit. A $10,559 unamortized discount remained. On November 28, 2023, the parties extended the maturity date from January 14, 2024, to March 1, 2025, with all other terms and Conditions remaining the same. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same. The loan is fully amortized. Through an exchange agreement on February 11, 2025, the Company repaid $162,000 in interest through the issuance of 600,000 common shares. On March 28, 2025 the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest VWAP price. On March 5, 2025 the Company repaid $150,500 in loan principal as well as $275,000 in accrued interest (all totaling $425,500) was repaid on March 5, 2025 through the issuance of 1,850,000 common shares at a fair value of $444,000 with a loss on settlement of $18,500.

(10)	The note, with an original principal balance of $1,650,000, may be pre-payable at any time. The note balance includes an original issue discount of $150,000 and was issued with a warrant to purchase 100,000,000 shares at an exercise price of $0.135 per share with a 3-year term and having a relative fair value of $1,342,857. The discount and warrant are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $1,342,857 with a corresponding adjustment to paid in capital for the relative fair value of the warrant. The maturity date was extended from February 22, 2022, to February 22, 2024, on February 28, 2022, in exchange for warrants to purchase 50,000,000 at an exercise price of $.0164 and a 3-year term. These warrants have a fair value of $950,000 recorded as interest expense with a corresponding adjustment to paid in capital recorded in the year ended February 28, 2022. On November 28, 2023, the parties extended the maturity date from February 22, 2024, to March 1, 2025, with all other terms and conditions remaining the same. On March 1, 2024, the unamortized relative fair value discount of $497,614 was removed with a corresponding adjustment to accumulated deficit. A $55,585 unamortized discount remained. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same. The loan is fully amortized. On November 24, 2025, the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest bid price. For the three months ending May 31, 2026, the Company exchanged $80,000 of accrued interest for 5,000,000 common at a fair value of $100,000 with a loss on settlement of $20,000.

(11)	The unsecured note may be pre-payable at any time. Cash proceeds of $5,400,000 were received. The note balance of $6,000,000 includes an original issue discount of $600,000 and was issued with a warrant to purchase 300,000,000 shares at an exercise price of $0.135 per share with a 3-year term and having a relative fair value of $4,749,005 using Black-Scholes with assumptions described in note 13. The discounts are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $4,749,005 with a corresponding adjustment to paid in capital for the relative value of the warrant. The maturity was extended from March 1, 2022 to March 1, 2024 on February 28, 2022 in exchange for warrants to purchase 150,000,000 shares of common stock at an exercise price of $.0164 and a 3 year term. These warrants have a fair value of $2,850,000 recorded as interest expense with a corresponding adjustment to paid in capital recorded in the year ended February 28, 2022. This note has been fully amortized. This note was again extended to March 1, 2025. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same. On March 28, 2025 the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest VWAP price. For the year ended February 28, 2026, the Company has issued 36,500,000 common shares at fair market value of $4,365,500 to repay $3,840,500 in accrued interest with a loss on settlement of debt of $525,000.

(12)	The note, with an original principal balance of $2,750,000, may be pre-payable at any time. The note balance includes an original issue discount of $50,000 and was issued with a warrant to purchase 170,000,000 shares at an exercise price of $0.064 per share with a 3-year term and having a relative fair value of $2,035,033. The discounts are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $2,035,033 with a corresponding adjustment to paid in capital. The maturity date was extended from June 8, 2022 to June 8, 2024 on February 28, 2022 in exchange for warrants to purchase 85,000,000 at an exercise price of $.0164 and a 3 year term. These warrants have a fair value of $1,615,000 recorded as interest expense with a corresponding adjustment to paid in capital recorded in the year ended February 28, 2022. This note was extended to June 8, 2025. On March 1, 2024, the unamortized relative fair value discount of $33,547 was removed with a corresponding adjustment to accumulated deficit. A $4,121 unamortized discount remained. The loan is fully amortized. On April 16, 2025, the parties again extended the maturity date from June 8, 2025, to June 8, 2027, with all other terms and conditions remaining the same. On November 24, 2025, the Company entered into an exchange agreement where the holder can exchange all or part of price the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest bid price. For the year ended February 28, 2026 the holder exchanged $1,416,000 in accrued interest for 25,000,000 common shares at a fair value of $1,680,000 with a loss on settlement of $264,000.

(13)	Original $170,000 note may be pre-payable at any time. The note balance includes an original issue discount of $20,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $8,440, with an unamortized discount of $11,560 at August 31, 2026.

(14)	The note, with an original principal balance of $1,650,000, may be pre-payable at any time. The note balance includes an original issue discount of $150,000 and was issued with a warrant to purchase 250,000,000 shares at an exercise price of $0.037 per share with a 3-year term and having a relative fair value of $1,284,783, The discounts are being amortized over the term of the loan. After allocating these charges to debt and equity according to their respective values, a debt discount of $1,284,783 with a corresponding adjustment to paid in capital. On March 1, 2024, the unamortized relative fair value discount of $572,549 was removed with a corresponding adjustment to accumulated deficit. A $66,846 unamortized discount remained. On April 16, 2025, the parties again extended the maturity date from September 14, 2025, to September 14, 2027, with all other terms and conditions remaining the same. On November 24, 2025, the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest bid price. For the six months ended August 31, 2026, the Company recorded amortization expense of $4,989, with an unamortized discount of $11,337 at August 31, 2026.

(15)	Original $170,000 note may be pre-payable at any time. The note balance includes an original issue discount of $20,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. On November 29, 2023, the parties extended the maturity date from July 28, 2023, to March 1, 2025, with all other terms and conditions remaining the same. This note has been fully amortized. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(16)	A warrant holder exchanged 955,000,000 warrants for a promissory note of $3,000,000, bearing interest at 15% with a two year maturity. The fair value of the warrants was determined to be $2,960,500 with a corresponding adjustment to paid-in capital and a debt discount of $39,500 which will be amortized over the term of the loan. Principal and interest due at maturity. On March 1, 2024, the unamortized relative fair value discount of $11,535 was removed with a corresponding adjustment to accumulated deficit. This note has been fully amortized. This note was extended to August 30, 2025. On April 16, 2025, the parties again extended the maturity date from August 30, 2025, to August 30, 2027, with all other terms and conditions remaining the same. On November 24, 2025, the Company entered into an exchange agreement where the holder can exchange all or part of the principal and interest of the note into common shares at an exchange amount of 90% of the previous 5 day’s lowest bid price.

(17)	Original $400,000 note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. On November 29, 2023, the parties extended the maturity date from September 7, 2023, to March 1, 2025, with all other terms and conditions remaining the same. This note has been fully amortized. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(18)	Original $475,000 note may be pre-payable at any time. The note balance includes an original issue discount of $75,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. On November 29, 2023, the parties extended the maturity date from September 8, 2023, to March 1, 2025, with all other terms and conditions remaining the same. This note has been fully amortized. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(19)	Original $350,000 note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest due at maturity. Secured by a general security charging all of the Company’s present and after-acquired property. On November 29, 2023, the parties extended the maturity date from October 13, 2023, to March 1, 2025, with all other terms and conditions remaining the same. This note has been fully amortized. On April 16, 2025, the parties again extended the maturity date from March 1, 2025, to March 1, 2027, with all other terms and conditions remaining the same.

(20)	On October 28, 2022, the Company entered into an loan facility with a lender for up to $4,000,000 including an original issue discount of $500,000. In exchange the Company will issue one series F Preferred Share, extended 329 series F warrants with a March 1, 2026 maturity to a new October 31, 2033 maturity, and issue up to 10 tranches with each tranche of $400,000, with cash proceeds of $350,000 an original issue discount of $50,000, October 31, 2026 maturity, and 61 Series F warrants with a October 31, 2033 maturity. Secured by a general security charging all of the Company’s present and after-acquired property. At February 29, 2024 the Company has issued all 10 tranches totaling $ 4,000,000 as follows:

	October 28, 2022, $400,000 loan, original issue discount of $50,000, 61 Series F Preferred Share warrants and 1 Series F Preferred Share having a relative fair value of $299,399. On March 1, 2024, the unamortized relative fair value discount of $286,775 was removed with a corresponding adjustment to accumulated deficit. A $47,892 unamortized discount remained. For the six months ended August 31, 2026, the Company recorded amortization expense of $10,761, with an unamortized discount of $3,667 at August 31, 2026. For the six months ending August 31, 2026, the Company exchanged $332,590 of principal and $237,400 of accrued interest totaling $589,990 for 77,000,000 common at a fair value of $860,800 with a loss on settlement of $298,810.

(21)	On November 30, 2023, the Company entered into an agreement where the lender will pay the Company $350,000 in exchange for thirteen future monthly payments of $36,750 commencing on April 30,2024 through to April 30, 2025 totaling $477,750. The effective interest rate is 35% per annum. Secured by a general security charging all of RAD’s present and after-acquired property. Default rate of 15% per annum calculated daily on any missed monthly payment and after original maturity. The Company has repaid $147,000 and $53,000 in accrued interest in July to account for the missed April through to August 2024 payments in agreement with the lender. The Company have missed the subsequent monthly payments. On April 16, 2025, the parties extended the maturity date from April 30, 2025, to April 30, 2026, with all other terms and conditions remaining the same. On April 30,2026, the parties extended the maturity to April 30, 2027, with the default rate still applicable after April 30, 2025.

(22)	On March 8, 2024, the Company entered into another agreement where the lender will pay the Company $350,000 in exchange for thirteen future monthly payments of $36,750 commencing on August 8, 2024 through to August 8, 2025 totaling $477,750. The effective interest rate is 35% per annum. Secured by a general security charging all of RAD’s present and after- acquired property. Default rate of 15% per annum calculated daily on any missed monthly payment and after original maturity. The August 2024 through to August 2025 payments have not been made and the note was not repaid at original maturity. On August 8, 2025 the parties extended the maturity to August 8, 2027 , with the default rate still applicable after August 8, 2025.

(23)	Original $165,000 note may be pre-payable at any time. The note balance includes an original issue discount of $15,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. The discount was expensed. On August 24, 2026, the Company extended the maturity to November 15, 2026, see footnote E above.

(24)	Original $245,000 note may be pre-payable at any time. The note balance includes an original issue discount of $25,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. The discount was expensed. On August 24, 2026, the Company extended the maturity to November 15, 2026, see footnote E above.

(25)	Original $137,500 note may be pre-payable at any time. The note balance includes an original issue discount of $12,500. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. The discount was expensed. On August 24, 2026, the Company extended the maturity to November 15, 2026, see footnote E above.

(26)	On August 25, 2025, the Company entered into Future Receivables Purchase and Sale Agreement secured by a general security charging all of RAD’s present and after- acquired property. The Company received net proceeds of $555,671 after fees of $29,329 and a financing fee of $222,300 for total fees of $251,629. The Company must repay $807,300, in weekly payments of 7% of estimated receipts from accounts receivables. The estimated monthly payments will be approximately $99,725. For the year ended May 31, 2026, the Company recorded amortization expense of $59,207, with an unamortized discount of $0 at May 31, 2026. For the year ended February 28, 2026, the Company has repaid $617,348. During the six months ending August 31, 2026 the remaining balance of $ 189,952 was fully repaid.

(27)	Original $550,000 note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $26,263, with an unamortized discount of $3,749 at August 31, 2026. On August 24, 2026, the Company extended the maturity to November 15, 2026, see footnote E above.

(28)	Original $200,000 note may be pre-payable at any time. The note balance includes an original issue discount of $25,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $12,777, with an unamortized discount of $4,558 at August 31, 2026.

(29)	Original $275,000 note may be pre-payable at any time. The note balance includes an original issue discount of $25,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of 12,775, with an unamortized discount of $4,997 at August 31, 2026.

(30)	Original $450,000 note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $22,244, with an unamortized discount of $17,052 at August 31, 2026.

(31)	Original $450,000 note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $24,610, with an unamortized discount of $14,980 at August 31, 2026.

(32)	On December 17, 2025, the Company entered into a business loan secured by a general security charging all of RAD’s present and after- acquired property. The Company received net proceeds of $300,000 after fees of $14,000 and a financing fee of $91,060 for total fees of $105,060. The Company must repay $405,060, in 4 weekly payments of $2,276.50 and 36 weekly payments of $10,998.72. The loan is personally guaranteed by the CEO. For the year ended February 28, 2026, the Company recorded amortization expense of $19,478 with an unamortized discount of $85,582 at February 28, 2026. For the three months ended May 31, 2026, the Company has repaid $87,990 with the balance of $241,972 transferred to the April 13, 2026 loan described in footnote (43),thereby fully extinguishing this loan.

(33)	$495,000 convertible note that may be redeemed at a premium at any time. The Company received proceeds of $440,000, with fees of $10,000 and an original issue discount of $45,000. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $26,935, with an unamortized discount of $18,360 at August 31, 2026. . After 180 days , the note and interest is convertible at a conversion price of 80% of the lowest traded price in the 15 prior trading days. For the six months ended 31, 2026 the lender converted $140,000 principal and $9.992 for a total of $149,992 of debt into 42,130,411 common shares.

(35)	Original $330,000 note may be pre-payable at any time. The note balance includes an original issue discount of $30,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $14,486, with an unamortized discount of $11,650 at August 31, 2026.
(36)	Original $170,000 note may be pre-payable at any time. The note balance includes an original issue discount of $20,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $9,520, with an unamortized discount of $8,711 at August 31, 2026.

(37)	Original $330,000 note may be pre-payable at any time. The note balance includes an original issue discount of $30,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $14,572, with an unamortized discount of $13,564 at August 31, 2026.

(38)	$165,000 convertible note that may be redeemed at a premium at any time. The Company received proceeds of $142,500, with fees of $7,500 and an original issue discount of $15,000. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $10,699, with an unamortized discount of $11,317 at August 31, 2026. After 180 days , the note and interest is convertible at a conversion price of 80% of the lowest traded price in the 15 prior trading days.

(39)	Original $170,000 note may be pre-payable at any time. The note balance includes an original issue discount of $20,000. Principal and interest due at maturity. Secured by a general security charging all of RAD’s present and after-acquired property. For the six months ended August 31, 2026, the Company recorded amortization expense of $9,442, with an unamortized discount of $10,370 at August 31, 2026.

(40)	$110,000 convertible note that may be redeemed subject to a premium ranging from 110% to 140% if redeemed within the first 180 days of the note. The Company received proceeds of $95,000, with fees of $5,000 and an original issue discount of $10,000. The Company also recorded a debt discount from derivative liabilities of $67,202. Principal and interest due at maturity. In addition the For the six months ended August 31, 2026, the Company recorded amortization expense of $27,775, with an unamortized discount of $54,427 at August 31, 2026. After 180 days, the note and interest is convertible at a conversion price of 80% of the lowest traded price in the 15 prior trading days.

(42)	$257,000 convertible note that may be redeemed subject to a premium ranging from 120% to 125% if redeemed within the first 180 days of the note. The Company received proceeds of $250,000, with fees of $7,000. The Company also recorded a debt discount from derivative liabilities of $181,916. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $73,182, with an unamortized discount of $115,374 at August 31, 2026. After 180 days, the note and interest is convertible at a conversion price of 65% of the lowest closing traded price in the 10 prior trading days.

(43)	On April 13, 2026, the Company entered into a business loan secured by a general security charging all of RAD’s present and after- acquired property. The Company received net proceeds of $295,028 after fees of $16,500 and a financing fee of $91,060 for total fees of $105,060 and a payback of the $241,972 balance on the December 17, loan described in footnote (32) . The Company must repay $709,500, in 52 weekly payments of $13,644. The loan is personally guaranteed by the CEO. For the six months ended August 31, 2026, the Company recorded amortization expense of $59,712 with an unamortized discount of $112,788 at August 31, 2026. For the six months ended August 31, 2026, the Company has repaid $245,596.

(44)	$277,778 convertible note that may be redeemed anytime with payment of the first year’s accrued interest of $33,333. The Company received proceeds of $245,000, with fees of $5,000 and an original issue discount of $27,778. In addition a commitment fee of 5,000,000 common shares having a fair value of $173,500 was issued and added as a discount. The Company also recorded a debt discount from derivative liabilities of $71,500 with derivative liability loss of $187,621 for a total derivative liability of $259,121 . Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $64,733, with an unamortized discount of $213,045 at August 31, 2026. The note and interest is convertible at any time a conversion price of 75% of the lowest closing traded price in the 10 prior trading days.

(45)	$157,000 convertible note that may be redeemed subject to a premium ranging from 120% to 125% if redeemed within the first 180 days of the note. The Company received proceeds of $150,000, with fees of $7,000. The Company also recorded a debt discount from derivative liabilities of $109,385. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $42,901, with an unamortized discount of $73,484 at August 31, 2026. After 180 days, the note and interest is convertible at a conversion price of 65% of the lowest closing traded price in the 10 prior trading days.

(46)	$700,000 convertible note redeemable 90 days after issuance in monthly installments of 10% of the outstanding principal and interest. The Company received proceeds of $615,000, with fees of $15,000 and an original issue discount of $70,000. In addition a commitment fee of 1,250,000 common shares having a fair value of $28,751 was issued and recorded as a discount. The Company also recorded a debt discount from derivative liabilities of $169,653. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $83,268, with an unamortized discount of $200,135 at August 31, 2026. After 180 days, the note and interest is convertible at a conversion price of 65% of the lowest traded price in the 10 prior trading days.

(55)	$225,000 note repayable in 36 weekly payments of $6,250 starting August 6, 2026. Non-interest bearing. Secured by a general security charging all of RAD’s present and after-acquired property. Along with the debt the Company issued warrants to purchase 225 Series F shares. A derivative value of $435,024 was determined for the warrants including a derivative discount of $225,000 and derivative liability loss of $210,024. For the six months ended August 31, 2026, the Company recorded amortization expense of $46,622, with an unamortized discount of $178,978 at August 31, 2026. The Company has repaid $25,000.

(56)	$209,300 convertible note that may be redeemed subject to a discount ranging from 97% to 98% if redeemed within the first 180 days of the note. First year’s interest of $25,116 is guaranteed and earned at issue date. Note is repayable in 10 monthly instalments of $24,442 starting September 15, 2026. The Company received proceeds of $175,000, with an original issue discount of $27,300 and fees of $7,000. The Company also recorded a debt discount from derivative liabilities of $172,065. Principal and interest due at maturity. For the six months ended August 31, 2026, the Company recorded amortization expense of $7,982, with an unamortized discount of $198,383 at August 31, 2026. After an event of default , the note and interest is convertible at a conversion price of 65% of the lowest traded price in the 10 prior trading days.

(57)	$200,000 note repayable in 32 weekly payments of $6,250 starting November 24, 2026. Non-interest bearing. Secured by a general security charging all of RAD’s present and after-acquired property. Along with the debt the Company issued warrants to purchase 350 Series F shares. A derivative value of $655,270 was determined for the warrants including a derivative discount of $200,000 and derivative liability loss of $455,270. For the six months ended August 31, 2026, the Company recorded amortization expense of $0, with an unamortized discount of $200,000 at August 31, 2026.

(58)	$150,000 convertible note that may be redeemed subject to a premium ranging from 105% to 140% if redeemed within the first 180 days of the note. First year’s interest of $18,000 is guaranteed and earned at issue date. Principal and interest due at maturity. The Company received proceeds of $126,000, with an original issue discount of $15,000 and fees of $9,000. The Company included 25,000,000 August 19, 2026 warrants to purchase common shares at an exercise price of $0.006 with a 5 year term. The Company also recorded a debt discount from derivative liabilities of $123,258 with derivative liability loss of $77,366 for a total derivative liability (including warrant liability of $11,742) of $200,624. For the six months ended August 31, 2026, the Company recorded amortization expense of $2,298, with an unamortized discount of $144,960 at August 31, 2026. After 180 days, the note and interest is convertible at a conversion price of 65% of the lowest closing traded price in the 20 prior trading days.

(59)	$225,000 note repayable in 36 weekly payments of $6,250 starting September 3, 2026. Non-interest bearing. Secured by a general security charging all of RAD’s present and after-acquired property. Along with the debt the Company issued warrants to purchase 350 Series F shares. A derivative value of $368,762 was determined for the warrants including a derivative discount of $225,000 and derivative liability loss of $143,762. For the six months ended August 31, 2026, the Company recorded amortization expense of $0, with an unamortized discount of $225,000 at August 31, 2026.

Strike price	$0.004 - $0.036
Fair value of Company common stock		$0.004 - $0.117
Dividend yield		0.00	%
Expected volatility		117.88% - 139.11%
Risk free interest rate		3.69% - 4.15%
Expected term (years)		0.31 -1.0

Strike price	$0.0004 - $0.036
Fair value of Company common stock	$0.004 - $0.0078
Dividend yield	0.00	%
Expected volatility	167.99% - 168.1%
Risk free interest rate	4.69% -4.77%
Expected term (years)	10.34 - 10.42