INTANGIBLE ASSETS, NET

12 Months Ended

Feb. 28, 2022

7. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:


	As of		As of
	February 28,		February 28,
	2021		2022

Trade name and domain names	$	41,707	$	41,711
User base and customer relationships		32,378		32,378
Licenses		28,796		28,970
Technology		14,308		14,308
Copyrights and teaching materials		6,026		6,026
Partnership agreements and school cooperation agreements		4,858		4,858
Others		5,655		5,655

Total cost of intangible assets		133,728		133,906
Less: accumulated amortization		(70,012)		(83,917)
Less: accumulated impairment loss		(358)		(51,810)
Add: foreign exchange difference		2,683		3,517

	$	66,041	$	1,696

The Group recorded amortization expense of $15,677, $24,030 and $13,905 for the years ended February 29, 2020, February 28, 2021 and 2022, respectively.

Estimated amortization expense of the existing intangible assets for the next five years is $1,265, $244, $46, $38 and $38, respectively.

The impairment loss on acquired intangible assets was nil and $136 for the years ended February 29, 2020 and February 28, 2021. For the year ended February 28, 2022, $51,452 impairment loss was recorded on acquired intangible assets as a result of the changes in business operations in responding to the regulatory development.