Note 9 - Common Stock Payable	9 Months Ended
Nov. 30, 2022
Notes to Financial Statements
Common Stock Payable - Contracts/Agreements and Deposits Received on Subscription Agreements [Text Block]	NOTE 9 – COMMON STOCK PAYABLE Common Stock Payable – for Contracts/Agreements Common stock payable for contracts/agreements consists of 1 million shares owed to Raul Factor per the joint venture agreement (Note 11) and 1 million shares owed to landlord for rent at February 28, 2021. On June 7, 2021, 6,667 shares were issued to the landlord. These shares were adjusted to its fair value of $600,000 on June 7, 2021, and $150,000 was recognized as unrealized gain on that date. The Company also recognized a gain on the issuance of these shares in the amount of $360,000. At November 30, 2022 and February 28, 2022, the fair value of the remaining shares owed to Raul Factor were adjusted to its fair value of $8,000,000 and $380,000 based on the closing price of the stock on those dates. The Company recognized unrealized gain (loss) on common stock payable of $4,000,000 (2021: $250,000) and ($7,620,000) (2021: $6,955,441) during the three and nine months ended November 30, 2022 and 2021, respectively. At November 30, 2022 and February 28, 2022, the Company also owed -0- and 3,354,037 shares, respectively to various people which was valued at the market rates at November 30, 2022 and February 28, 2022 totaling $-0- and $1,610,107, respectively.

Note 9 - Common Stock Payable

9 Months Ended

Nov. 30, 2022

Common Stock Payable - Contracts/Agreements and Deposits Received on Subscription Agreements [Text Block]

NOTE 9 – COMMON STOCK PAYABLE

Common Stock Payable – for Contracts/Agreements

Common stock payable for contracts/agreements consists of 1 million shares owed to Raul Factor per the joint venture agreement (Note 11) and 1 million shares owed to landlord for rent at February 28, 2021. On June 7, 2021, 6,667 shares were issued to the landlord. These shares were adjusted to its fair value of $600,000 on June 7, 2021, and $150,000 was recognized as unrealized gain on that date. The Company also recognized a gain on the issuance of these shares in the amount of $360,000. At November 30, 2022 and February 28, 2022, the fair value of the remaining shares owed to Raul Factor were adjusted to its fair value of $8,000,000 and $380,000 based on the closing price of the stock on those dates. The Company recognized unrealized gain (loss) on common stock payable of $4,000,000 (2021: $250,000) and ($7,620,000) (2021: $6,955,441) during the three and nine months ended November 30, 2022 and 2021, respectively. At November 30, 2022 and February 28, 2022, the Company also owed -0- and 3,354,037 shares, respectively to various people which was valued at the market rates at November 30, 2022 and February 28, 2022 totaling $-0- and $1,610,107, respectively.

QUANTUM ENERGY INC. 10-Q