XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
May 31, 2022
Feb. 28, 2022
Current Assets    
Cash and cash equivalents $ 805,548 $ 461,933
Accounts receivable 3,723,477 4,875,149
Inventories 1,331 1,407
Prepayment and deposit 2,843,751 3,331,342
Other receivables 1,454,752 1,539,265
Current Assets 8,828,859 10,209,096
Non-current Assets    
Equipment 22,706 26,808
Intangible assets 108,312 125,932
Right-of-use asset 245,589 5,069
Non-current Assets 376,607 157,809
TOTAL ASSETS 9,205,466 10,366,905
Current Liabilities    
Accounts payable 1,975,280 3,588,289
Accrual and other payables 2,481,135 1,685,297
Convertible notes payable 730,000
Lease liability, current portion 126,676 5,069
Current Liabilities 5,313,091 5,278,655
Non-current Liabilities    
Lease liability, non-current portion 118,913
Non-current Liabilities 118,913
TOTAL LIABILITIES 5,432,004 5,278,655
SHAREHOLDERS’ EQUITY    
Preferred stock, par value $.0001 per share; Authorized 1,000,000 shares; issued and outstanding -0- shares.
Common Stock, par value $.0001 per share; Authorized 200,000,000 shares; issued and outstanding 42,777,260 shares and 42,627,260 issued and outstanding at May 31, 2022 and February 28, 2022 respectively 4,278 4,263
Additional paid-in capital 22,166,176 21,730,941
Additional paid-in capital - stock options 356,328 356,328
Accumulated deficit (18,596,295) (17,152,172)
Accumulated other comprehensive income (167,459) 137,911
Stockholders’ equity before non-controlling interests 3,763,028 5,077,271
Non-controlling interests 10,434 10,979
TOTAL SHAREHOLDERS’ EQUITY 3,773,462 5,088,250
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 9,205,466 $ 10,366,905