$MDNC
Medinotec Inc.

2024 Q4 Form 10-Q Financial Statement

#000166357724000263 Filed on October 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.804M
YoY Change 414.27%
Cost Of Revenue $970.6K
YoY Change 1491.47%
Gross Profit $833.4K
YoY Change 187.58%
Gross Profit Margin 46.2%
Selling, General & Admin $376.3K
YoY Change 79.33%
% of Gross Profit 45.15%
Research & Development $1.892K
YoY Change -84.04%
% of Gross Profit 0.23%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $397.7K
YoY Change 69.89%
Operating Profit $435.7K
YoY Change 681.82%
Interest Expense -$47.09K
YoY Change -33.53%
% of Operating Profit -10.81%
Other Income/Expense, Net -$30.72K
YoY Change -64.88%
Pretax Income $405.0K
YoY Change -1376.33%
Income Tax $110.7K
% Of Pretax Income 27.33%
Net Earnings $284.7K
YoY Change -958.61%
Net Earnings / Revenue 15.78%
Basic Earnings Per Share $0.02
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 11.73M shares 11.73M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.758M
Short-Term Investments
Other Short-Term Assets $100.5K
YoY Change -44.0%
Inventory
Prepaid Expenses
Receivables $771.4K
Other Receivables
Total Short-Term Assets $4.902M
YoY Change 27.85%
LONG-TERM ASSETS
Property, Plant & Equipment $327.1K
YoY Change -9.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $393.8K
YoY Change -64.08%
TOTAL ASSETS
Total Short-Term Assets $4.902M
Total Long-Term Assets $393.8K
Total Assets $5.296M
YoY Change 7.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.566M
YoY Change 1164.1%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.566M
Total Long-Term Liabilities
Total Liabilities $2.766M
YoY Change 17.05%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $11.73K
YoY Change -99.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.530M
YoY Change
Total Liabilities & Shareholders Equity $5.296M
YoY Change 7.41%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $284.7K
YoY Change -958.61%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Accounts Payable Trade
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572147 usd
us-gaap Increase Decrease In Accounts Payable Trade
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11097 usd
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2758325 usd
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2838554 usd
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
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<p id="xdx_84A_eus-gaap--RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure_z9eQtHqlQZGg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 38.15pt; text-align: justify"><b>n.  Revenue recognition</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify">The Company generates revenues through two distinct revenue sources</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 1.5pt"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">From the sale of high-quality medical devices which are self-manufactured through in-depth research and development; and </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 55.5pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Through the distribution of finished products on behalf of other principals around the world into pre-agreed territories, which are usually exclusive territories granted by such principal.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its arrangements:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">i.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">identify the contract with a customer, </span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">identify the performance obligations in the contract,</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">determine the transaction price,</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iv.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">allocate the transaction price to performance obligations in the contract, and</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="width: 64px"> </td> <td style="width: 20px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">v.</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">recognize revenue as the performance obligation is satisfied.</span></td></tr> </table> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 15pt 0 0"> </p> <p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 15pt 0 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b>Revenue from the sale of self-manufactured products</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">These products are developed in-house.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The Company’s clients are billed based on a pricelist that is agreed on in each customer’s contract. Orders are shipped on a per order basis from the Company’s warehouse with Free-On-Board terms.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">Revenues relating to the self-manufactured products are recognized when control of the promised goods or services is transferred to a customer in an amount that reflects the consideration that the Company expects to receive in exchange for those products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b>Revenue from the distribution of products</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The distribution products are sold via a network, which consists of a mixture of sub-distributors and, in some instances, a direct sales force. The Company’s clients are billed based on a pricelist that are agreed upon in each customer contract, orders are shipped on a per order basis from the Company’s warehouse with Free-on-Board terms. The Company’s sub-distributors order from the Company on the same basis as its customers and have no preferential return rights on their inventory orders, therefore the client assumes the risk of the sale at point of invoice.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">Revenues are recognized primarily when we transfer control to the customer, which can be on the date of shipment, the date of receipt by the customer or, for implants, when we have received a purchase order and appropriate notification the product has been used or implanted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">Goods delivered to a consignee pursuant to a consignment arrangement are not considered sales, and do not qualify for revenue recognition. Once it is determined that substantial risk of loss, rewards of ownership, as well as control of the asset have transferred to the consignee, revenue recognition would then be appropriate, assuming all other criteria for revenue recognition have been satisfied.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b>For both revenue streams</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The Company has two operating segments, inside the United States and outside the United States. These sales are split by these territories and further segregated into the specific revenue streams sold into these territories. Sales represent the amount of consideration we expect to receive from customers in exchange for transferring products and services. Net sales exclude sales and value added taxes we collect from customers. Other costs to obtain and fulfill contracts are generally expensed as incurred due to the short-term nature of most of our sales. We extend terms of payment to our customers based on commercially reasonable terms for the markets of our customers, while also considering their credit quality.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">A provision for estimated sales returns, discounts and rebates is recognized as a reduction of sales in the same period that the sales are recognized. Our estimate of the provision for sales returns has been established based on contract terms with our customers and historical business practices and current trends. Shipping and handling costs charged to customers are included in net sales.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The Company has no contract assets or liabilities representing accrued revenues that have not yet been billed to the customers due to certain contractual terms, because orders are placed, invoiced, and shipped on a per order basis as and when the clients require additional inventory. All revenue is recognized at a specific point and time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">Under ASC Topic 606, the Company estimates the transaction price, including variable consideration, at the commencement of the contract and recognizes revenue at point of sale when risks and rewards are transferred to the customer. There are no contract revenue agreements that would need to be recognized over time and the point of risks and rewards being transferred is very clear.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><i>Payment Terms</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">Our payment terms vary per segments; export sales made from within South Africa are subject to prepayment, where accounts are granted. They generally have payment terms of 30 days from statement and sales made inside the United States are 45 to 60 days. Terms can be extended by the Company when it deems the business case and creditworthiness of the customer is strong enough. The time between a customer’s payment and the receipt of funds is not significant. The Company’s contracts with customers do not result in significant obligations associated with returns, refunds, or warranties. Payment terms are generally fixed and do not include variable revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The Company sells a significant amount to DISA Life Sciences, a non-related medical device distributor in South Africa. For the quarter ending August 31, 2024, <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_c20240601__20240831__srt--MajorCustomersAxis__custom--OneCustomerRevenuesMember_zVo0QgImBYR9">89%</span> of the Company's total revenue was derived from this single customer in the distribution environment in South Africa compared to <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_c20230601__20230831__srt--MajorCustomersAxis__custom--OneCustomerRevenuesMember_ztjdEp0xBAB5">56%</span> for the quarter ending August 31, 2023, and <span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_c20240301__20240831__srt--MajorCustomersAxis__custom--OneCustomerRevenuesMember_ztHU5zKS8m6l">89%</span> for the six months ending August 31, 2024 compared to <span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_c20230301__20230831__srt--MajorCustomersAxis__custom--OneCustomerRevenuesMember_zmZncLQPNfTi">44%</span> for the six months ending August 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">This table indicates the sales per revenue stream as a breakdown of the total revenue balance:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock_zxHiBMRsqtpf" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - 2. Significant Accounting Policies - Sales per Revenue Stream (Details)"> <tr style="vertical-align: bottom"> <td style="font-size: 11pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Medinotec Group of Companies Consolidated</p> <p style="margin-top: 0; margin-bottom: 0">3 Months Ended</p></td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><p style="margin-top: 0; margin-bottom: 0">Medinotec Group of Companies Consolidated</p> <p style="margin-top: 0; margin-bottom: 0">6 Months Ended</p></td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">August 31, 2024</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">August 31, 2023</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">August 31, 2024</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">August 31, 2023</td></tr> <tr style="vertical-align: bottom"> <td style="font-size: 11pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td><td style="font-weight: bold"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">$</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: left; padding-left: 5.4pt">Outside of United States of America</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left; padding-left: 5.4pt">Internally Designed/Manufactured Sales</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_c20240601__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSAInternallyDesignedManufacturedSalesMember_zzEeybZDQGX9" style="width: 10%; text-align: right" title="Revenues">280,310</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_c20230601__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSAInternallyDesignedManufacturedSalesMember_zANRUnNHzE1j" style="width: 10%; text-align: right" title="Revenues">241,418</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20240301__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSAInternallyDesignedManufacturedSalesMember_zW6JVY5G0jV6" style="width: 10%; text-align: right" title="Revenues">423,570</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--Revenues_c20230301__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSAInternallyDesignedManufacturedSalesMember_z61GJtgOjRA4" style="width: 10%; text-align: right" title="Revenues">482,705</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 5.4pt">Distribution Agreement Sales</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20240601__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSADistributionAgreementSalesMember_zUvcIo0o9Iqg" style="text-align: right" title="Revenues">1,360,728</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_c20230601__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSADistributionAgreementSalesMember_zwvAgTC65Mlg" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0539">—</span>  </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--Revenues_c20240301__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSADistributionAgreementSalesMember_ztgya7zRRKO6" style="text-align: right" title="Revenues">2,333,572</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_c20230301__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideUSADistributionAgreementSalesMember_zlJ9SqnW55Y1" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl0543">—</span>  </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-left: 5.4pt">Sales Generated inside the United States of America</td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt"> </td> <td style="font-size: 11pt; text-align: left"> </td><td style="font-size: 11pt; text-align: right"> </td><td style="font-size: 11pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 5.4pt">Internally Designed/Manufactured Sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--Revenues_c20240601__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideUSAInternallyDesignedManufacturedSalesMember_zHgkdKH5gE5a" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">162,982</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--Revenues_c20230601__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideUSAInternallyDesignedManufacturedSalesMember_zqAthgjpRQ8c" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">109,374</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--Revenues_c20240301__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideUSAInternallyDesignedManufacturedSalesMember_z3T8ZVxJUAwj" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">298,755</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--Revenues_c20230301__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideUSAInternallyDesignedManufacturedSalesMember_zrqge0dHN6I8" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">284,294</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 11pt; padding-bottom: 2.5pt; padding-left: 5.4pt"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eus-gaap--Revenues_c20240601__20240831_zagku9PcmrYb" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">1,804,020</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--Revenues_c20230601__20230831_ztcPuq1uzFwd" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">350,792</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_982_eus-gaap--Revenues_c20240301__20240831_zNqVYRPOfGEe" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">3,055,897</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_987_eus-gaap--Revenues_c20230301__20230831_zPmUP3W1ZQS5" style="border-bottom: Black 2.5pt double; text-align: right" title="Revenues">766,999</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 15pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The following table sets forth financial information by reportable segment for the periods ending August 31, 2024 and August 31, 2023:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b>Income/(loss) from operations</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b></b></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_zIL2jBYQR6Ki" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; width: 90%; border-collapse: collapse; margin-right: auto" summary="xdx: Disclosure - 2. Significant Accounting Policies - Income/Loss From Operations Segments (Details)"> <tr> <td> </td> <td id="xdx_49D_20240601__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zSr85nTOUF4e"> </td> <td id="xdx_49F_20230601__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zEm9of03jZIe"> </td> <td id="xdx_493_20240601__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_zaPH7Yj1A8I8"> </td> <td id="xdx_495_20230601__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_zNTyK8sdj1J"> </td> <td id="xdx_495_20240601__20240831_z80eWo115SWe"> </td> <td id="xdx_498_20230601__20230831_zqRm2UZm3M3a"> </td></tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Medinotec Group of Companies Consolidated 3 Months Ended August 31,</b></span></td></tr> <tr> <td style="border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td colspan="2" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Inside the United States ($)</b></span></td> <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Outside the United States ($)</b></span></td> <td colspan="2" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total ($)</b></span></td></tr> <tr> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td></tr> <tr id="xdx_407_eus-gaap--Revenues_zB3jN2aHT5gf" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">162,982</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">109,374</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,641,038</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">241,418 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,804,020</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">350,792 </span></td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_msGPzhVX_zNuZhnv01xAi" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of goods sold</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,059</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10,156 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">954,549</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,832</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">970,608</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">60,988 </span></td></tr> <tr id="xdx_403_eus-gaap--GrossProfit_iT_mtGPzhVX_maOILzQTh_z5TgURSKKGG" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Gross profit</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>146,923 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99,218 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>686,488</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>190,586</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>833,412 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>289,804</b></span></td></tr> <tr id="xdx_401_eus-gaap--SellingAndMarketingExpense_maOEzP3p_z56vJLKWBXue" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selling expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,347 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,167</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,096</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,314</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">22,443 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,481 </span></td></tr> <tr id="xdx_40E_eus-gaap--DepreciationAndAmortization_maOEzP3p_zN5dWqPHafLg" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation expense</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0591">—</span> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0592">—</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,522</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,402</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,522 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,402 </span></td></tr> <tr id="xdx_405_eus-gaap--GeneralAndAdministrativeExpense_maOEzP3p_zIvP0oHb83I3" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">140,727</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">99,708</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">213,081</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">83,621 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">353,808</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">183,329</span></td></tr> <tr id="xdx_403_eus-gaap--ResearchAndDevelopmentExpense_maOEzP3p_zwX9kX90i3Cf" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Research and development expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0605">—</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0606">—</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,892</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,857 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,892 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,857</span></td></tr> <tr id="xdx_407_eus-gaap--OperatingIncomeLoss_iT_mtOILzQTh_maILFCOz4HV_zBW3CB5D4WUf" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Income/(loss) from operations</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(5,151) </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2,657)</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>440,898 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>58,392 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>435,747</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>55,735 </b></span></td></tr> <tr id="xdx_40A_eus-gaap--AllowanceForLoanAndLeaseLossRecoveryOfBadDebts_iN_di_maNIEzMRJ_zK62YuTAU2o4" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provision for impairment of note receivable</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,207 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0620">—</span></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0621">—</span></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0622">—</span> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,207</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0624">—</span> </span></td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="margin-top: 0; margin-bottom: 0"></p> <p style="margin: 0"></p> <p style="margin: 0"></p> <p style="margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; width: 90%; border-collapse: collapse; margin-right: auto" summary="xdx: Disclosure - 2. Significant Accounting Policies - Income/Loss From Operations Segments (Details)"> <tr> <td> </td> <td id="xdx_490_20240301__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zYRPu3Yjcsd8"> </td> <td id="xdx_496_20230301__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zLtGdiwV4tub"> </td> <td id="xdx_491_20240301__20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_zSJdJM2t288c"> </td> <td id="xdx_49B_20230301__20230831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_z6LgGGjOgpqh"> </td> <td id="xdx_497_20240301__20240831_zyHk4d2eVsI4"> </td> <td id="xdx_49A_20230301__20230831_zUBw1AnrqUA5"> </td></tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td colspan="6" style="border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <b>Medinotec Group of Companies Consolidated 6 Months Ended August 31,</b></span></p></td></tr> <tr> <td style="border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"> </td> <td colspan="2" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Inside the United States ($)</b></span></td> <td colspan="2" style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Outside the United States ($)</b></span></td> <td colspan="2" style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total ($)</b></span></td></tr> <tr> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; width: 22%"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; width: 13%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td></tr> <tr id="xdx_407_eus-gaap--Revenues_zN1ELaBJICB7" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">298,755 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">284,294</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,757,142</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">482,705 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,055,897</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">766,999</span></td></tr> <tr id="xdx_407_eus-gaap--CostOfRevenue_msGPzhVX_zOUtSYDyyoL5" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of goods sold</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,537</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,105</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,592,670</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">135,381 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,622,207</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">159,486 </span></td></tr> <tr id="xdx_403_eus-gaap--GrossProfit_iT_mtGPzhVX_maOILzQTh_z8pcoMN2Hke9" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Gross profit</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>269,218</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">260,189 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1,164,472</b></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>347,324 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1,433,690 </b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>607,513 </b></span></td></tr> <tr id="xdx_401_eus-gaap--SellingAndMarketingExpense_maOEzP3p_zHhrcblAnI1j" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selling expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">23,286</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,332 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,165 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,187</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">43,451 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">72,519 </span></td></tr> <tr id="xdx_40E_eus-gaap--DepreciationAndAmortization_maOEzP3p_zoZXlmvU41d6" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation expense</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="-sec-ix-hidden: xdx2ixbrl0654">—</span></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0655">—</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">37,438 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,845</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">37,438 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,845</span></td></tr> <tr id="xdx_405_eus-gaap--GeneralAndAdministrativeExpense_maOEzP3p_zIqRmm1gZCLl" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">273,123</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">214,602 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">357,891</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">184,842</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">631,014</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">399,444</span></td></tr> <tr id="xdx_403_eus-gaap--ResearchAndDevelopmentExpense_maOEzP3p_z9J4zlkT6xEc" style="background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Research and development expenses</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0668">—</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0669">—</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,872</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,119</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,872 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,119 </span></td></tr> <tr id="xdx_407_eus-gaap--OperatingIncomeLoss_iT_mtOILzQTh_maILFCOz4HV_zErVHVaezlN" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Income/(loss) from operations</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(27,191)</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">34,255</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>732,106</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>62,331</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>704,915</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>96,586 </b></span></td></tr> <tr id="xdx_404_eus-gaap--AllowanceForLoanAndLeaseLossRecoveryOfBadDebts_iN_di_maNIEzMRJ_zqQ7Evp0T4zl" style="background-color: white"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provision for impairment of note receivable</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,155 </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0683">—</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0684">—</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0685">—</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">26,155</span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="-sec-ix-hidden: xdx2ixbrl0687">—</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8A0_zMShp6e2z6ya" style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify">The following table sets forth financial information by reportable segment for the periods ending August 31, 2024 and February 29, 2024:<b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 48.15pt; text-align: justify"><b>Total Assets </b></p> <table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--LongLivedAssetsByGeographicAreasTableTextBlock_z8qd6mbuG2D2" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; width: 90%; border-collapse: collapse; margin-right: auto" summary="xdx: Disclosure - 2. Significant Accounting Policies - Total Assets by Segment (Details)"> <tr> <td> </td> <td id="xdx_49F_20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zkSglVbEhx6e"> </td> <td id="xdx_49F_20240229__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zjaObkFClPF8"> </td> <td id="xdx_497_20240831__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_zBpWDfLHAkCg"> </td> <td id="xdx_499_20240229__us-gaap--StatementBusinessSegmentsAxis__custom--OutsideTheUnitedStatesMember_zIkRMuHrDPIj"> </td> <td id="xdx_496_20240831_z5qJOpiP388g"> </td> <td id="xdx_496_20240229_zyNcDBizsyGb"> </td></tr> <tr style="vertical-align: top"> <td style="border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td colspan="2" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Inside the United States</b></span></td> <td colspan="2" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Outside the United States</b></span></td> <td colspan="2" style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total</b></span></td></tr> <tr style="vertical-align: top"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>August 31, 2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>February 29, 2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>August 31, 2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>February 29, 2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>August 31, 2024</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>February 29, 2024</b></span></td></tr> <tr id="xdx_405_eus-gaap--Assets_iTI_mtCza5J_zNxy78SYgSG5" style="vertical-align: top; background-color: #CCEEFF"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Total assets</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2,386,054</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2,697,502</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2,909,780</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2,106,777</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5,295,834</b></span></td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4,804,279</b></span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 15pt 0 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify">The major component of total assets is "Cash" of <span id="xdx_909_eus-gaap--Cash_iI_c20240831_zRq7M2czvu8f">$2,758,325</span> as of August 31, 2024 and <span id="xdx_90D_eus-gaap--Cash_iI_c20240229_zYsEToMEiQG4">$2,808,910</span> as of February 29, 2024. A significant portion of this is maintained Inside the United States in USD of <span id="xdx_90B_eus-gaap--Cash_iI_c20240831__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zyNzGwaiP5y2">$2,205,404 </span>as of August 31, 2024 and <span id="xdx_90F_eus-gaap--Cash_iI_c20240229__us-gaap--StatementBusinessSegmentsAxis__custom--InsideTheUnitedStatesMember_zANChHih0AU3">$2,478,434 </span>as of February 29, 2024.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify"> </p>
CY2024Q3 us-gaap Revenues
Revenues
1804020 usd
CY2023Q3 us-gaap Revenues
Revenues
350792 usd
us-gaap Revenues
Revenues
3055897 usd
us-gaap Revenues
Revenues
766999 usd
CY2024Q3 us-gaap Revenues
Revenues
1804020 usd
CY2023Q3 us-gaap Revenues
Revenues
350792 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
970608 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
60988 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
833412 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
289804 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
22443 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
26481 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
19522 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12402 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
353808 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
183329 usd
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1892 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11857 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
435747 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
55735 usd
CY2024Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
-13207 usd
us-gaap Revenues
Revenues
3055897 usd
us-gaap Revenues
Revenues
766999 usd
us-gaap Cost Of Revenue
CostOfRevenue
1622207 usd
us-gaap Cost Of Revenue
CostOfRevenue
159486 usd
us-gaap Gross Profit
GrossProfit
1433690 usd
us-gaap Gross Profit
GrossProfit
607513 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
43451 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
72519 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37438 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
24845 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
631014 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
399444 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16872 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14119 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
704915 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
96586 usd
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
-26155 usd
CY2024Q3 us-gaap Assets
Assets
5295834 usd
CY2024Q1 us-gaap Assets
Assets
4804279 usd
CY2024Q3 us-gaap Cash
Cash
2758325 usd
CY2024Q1 us-gaap Cash
Cash
2808910 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zUYKHkdHu5bi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 38.15pt; text-align: justify"><b>u. Use of estimates</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 38.15pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt"><b>i.     Actual results could differ</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt"><b></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify">The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that impact the reported amounts of assets and liabilities, as well as the disclosure of contingent assets and liabilities as of the date of the financial statements. Additionally, these estimates influence the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates, which could have an impact on future periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify">Key estimates that management typically needs to make in a smaller medical device public company include:</p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Revenue Recognition</b>: Estimating the timing and amount of revenue to be recognized, particularly in relation to sales agreements, warranties, and return policies.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Inventory Valuation</b>: Assessing the net realizable value of inventory, including potential obsolescence and excess stock, to ensure that inventory is stated at the lower of cost or market.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Impairment of Assets</b>: Determining whether there are indicators of impairment for long-lived assets, including intangible assets and goodwill, which involves assessing the recoverability of the asset's carrying value.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Clinical Trial Costs</b>: Estimating the costs associated with clinical trials and research and development activities, which can be significant for product development.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Contingent Liabilities</b>: Evaluating potential legal and regulatory claims, including product liabilities, and estimating the likelihood and potential financial impact of such claims.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 14.45pt; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">•</span></td><td style="text-align: justify; padding-right: 15pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Useful Lives of Assets</b>: Estimating the useful lives of property, plant, and equipment, as well as intangible assets, to determine appropriate depreciation and amortization expense.</span></td></tr></table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify">Management continually evaluates these estimates and assumptions based on historical experience and various other factors, including current market conditions. Changes in these estimates may have a material effect on the Company’s financial position and results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 15pt 0pt 48.15pt; text-align: justify"></p>
MDNC Cost Of Sales Before Reclassification
CostOfSalesBeforeReclassification
-747421 usd
MDNC Cost Of Sales Reclassified To Sales
CostOfSalesReclassifiedToSales
747421 usd
MDNC General And Administrative Expense Before Reclassification
GeneralAndAdministrativeExpenseBeforeReclassification
-327950 usd
MDNC General And Administrative Expense Reclassified To Sales
GeneralAndAdministrativeExpenseReclassifiedToSales
327950 usd
CY2024Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1194 usd
CY2024Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1152640 usd
CY2024Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1056830 usd
CY2024Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
106682 usd
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
99098 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1689058 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1552507 usd
CY2024Q3 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTax
94719 usd
CY2024Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTax
35626 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1267275 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1268011 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
327064 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
320122 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
25309 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
18665 usd
us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
48537 usd
us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Period Increase Decrease
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease
37268 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5787 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
6221 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
11099 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
12422 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1282846 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
861451 usd
CY2024Q3 MDNC Provision For Obsolescence
ProvisionForObsolescence
-11003 usd
CY2024Q1 MDNC Provision For Obsolescence
ProvisionForObsolescence
-10221 usd
CY2024Q1 us-gaap Other Inventory In Transit
OtherInventoryInTransit
12223 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
1271843 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
863452 usd
CY2024Q3 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
664196 usd
CY2024Q1 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
638041 usd
CY2024Q3 us-gaap Certain Loans And Debt Securities Acquired In Transfer Allowance For Credit Losses Due To Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferAllowanceForCreditLossesDueToSubsequentImpairment
-664196 usd
CY2024Q1 us-gaap Certain Loans And Debt Securities Acquired In Transfer Allowance For Credit Losses Due To Subsequent Impairment
CertainLoansAndDebtSecuritiesAcquiredInTransferAllowanceForCreditLossesDueToSubsequentImpairment
-638401 usd
CY2024Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
1171533 usd
CY2024Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
1769957 usd
CY2024Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
1342555 usd
CY2024Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
588640 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26639 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
11684 usd
CY2024Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
92000 usd
CY2024Q3 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
12171 usd
CY2024Q1 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
35139 usd
CY2024Q3 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
155416 usd
CY2024Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
53646 usd
CY2024Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
20441 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1536781 usd
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
801550 usd
CY2024Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8130 usd
CY2023Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7970 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15923 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15853 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
15606 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
31211 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13005 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due In Two And Three Years
OperatingLeasesFutureMinimumPaymentsDueInTwoAndThreeYears
59822 usd
CY2024Q3 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
-3615 usd
CY2024Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
56207 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27753 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
28454 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
188266250 shares
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
MDNC Schedule Of Common Stock Issued And Outstanding
ScheduleOfCommonStockIssuedAndOutstanding
<table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfCommonStockIssuedAndOutstanding_zPEjvprYYKXe" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; border-collapse: collapse; width: 40%; margin-right: auto" summary="xdx: Disclosure - 11. Stockholders' equity - Common Stock Issued and Outstanding (Details)"> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Common shares</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>August 31, 2024</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>$</b></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>February 29, 2024</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>$</b></p></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 68%; text-align: left; text-indent: -7.05pt; padding-left: 7.05pt">Stock issued</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right"><span id="xdx_90F_eus-gaap--CommonStockSharesIssued_iI_c20240831_z3TetR2D33a">11,733,750</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right"><span id="xdx_903_eus-gaap--CommonStockSharesIssued_iI_c20240229_z4FdxvBFcm07">11,733,750</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 15pt 0 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; margin-left: auto; border-collapse: collapse; width: 40%; margin-right: auto"> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid"><p style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><b>Amount of shares</b> </p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>August 31, 2024</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">units</p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>February 29, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>2024</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>units</b></p></td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: -7.05pt; padding-left: 7.05pt; width: 68%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common shares</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right"><span id="xdx_906_eus-gaap--CommonStockValue_iI_c20240831_zEHRdVrAwfxa">11,734</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right"><span id="xdx_900_eus-gaap--CommonStockValue_iI_c20240229_zx1N0Bp5YW24">11,734</span></td> <td style="width: 1%"> </td></tr> </table>
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11733750 shares
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11733750 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
11734 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
11734 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110681 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12300 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
210837 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12300 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.07 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8130 usd
CY2023Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7970 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15923 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15853 usd
CY2024Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8130 usd
CY2023Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7970 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15923 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
15853 usd

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