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INTANGIBLE ASSETS, NET | 12 Months Ended
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Feb. 29, 2012
INTANGIBLE ASSETS, NET |
INTANGIBLE ASSETS, NET |
9. INTANGIBLE ASSETS, NET Intangible assets, net, consisted of the following:
|  | As of |  | As of |
|  | February 28, |  | February 2 9, |
|  | 20 11 |  | 201 2 |
Domain names |  | $ | 1,846,858 |  | $ | 1,846,858 |
Partnership agreement |  | 405,475 |  | 349,783 |
Student base |  | 315,545 |  | 221,082 |
Trade name |  | 262,360 |  | 262,360 |
Non-compete agreement |  | 19,200 |  | 17,012 |
Education license |  | 9,902 |  | 4,509 |
Less: accumulated amortization |  | (2,252,379 | ) | (2,584,109 | )
Add: foreign exchange difference |  | 49,824 |  | 66,028 |
|  | $ | 656,785 |  | $ | 183,523 |
Domain names were acquired from third parties and the rest of intangible assets were recorded as a result of acquisitions in the year ended February 28, 2009. The Group recorded amortization expense of $841,193, $715,038, and $490,883 for the years ended February 28, 20 10, February 28,20 11 and February 29, 201 2, respectively. Estimated amortization expenses of the existing intangible assets for the next five years are $28,601, $28,601, $28,601,$28,601, and $28,601, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275 + Details
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