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Inventories | 12 Months Ended
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Feb. 28, 2025
Inventories |
Inventories | 4. Inventories Inventories as at February 28, 2025 and February 29, 2024 were as follows:
|  | February 28, 2025 |  |  | February 29, 2024 |
Finished goods |  | $ | 488 |  |  | $ | 552 |
Work in process |  |  | 318 |  |  |  | 333 |
Raw materials |  |  | 14 |  |  |  | 34 |
Allowance for inventory write-down |  |  | (738 | ) |  |  | (817 | )
|  | $ | 82 |  |  | $ | 102 |
As at February 28, 2025 and February 29, 2024, inventories included finished goods, work in process and raw materials. Finished goods inventories consist of bottle grade and fiber grade Loop™ PET resin which is intended to be sold to customers. Work in process inventories consist of recycled monomers (dimethyl terephthalate (“rDMT”) and monoethylene glycol (“rMEG”)), either purified or yet to be purified, resulting from the depolymerization of PET feedstock. These monomers are intended be polymerized into Loop™ PET resin in the future. Raw materials inventories consist of chemicals which are used as inputs in the PET depolymerization process. As at February 28, 2025 and February 29, 2024, finished goods and work in process inventories were presented at their net realizable value, while raw materials were presented at average cost. As at February 28, 2025, the Company recorded an allowance for inventory write-down of $738 (2024 – $817) on finished goods and work in process inventories related to inventory volumes not expected to be sold in the next twelve months.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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