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Intangible Assets
 3 Months Ended
May 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

 

At May 31, 2022 and February 28, 2022, the company has the following amounts related to intangible assets: 

 

          
   May 31,
2022		   February 28,
2022		 
   (unaudited)     
Licenses  $200,000   $200,000 
Mobile applications   220,513    233,167 
    420,513    433,167 
Less: accumulated amortization   (271,156)   (266,190)
Impairment of intangible assets   (41,045)   (41,045)
Net intangible assets  $108,312   $125,932 

 

No significant residual value is estimated for these intangible assets. Amortization expense for the three months ended May 31, 2022 and 2021 totaled $11,093 and $10,921, respectively.