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Leases | 12 Months Ended
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Feb. 29, 2024
Leases [Abstract] |
Leases | 15. LEASES The Group’s operating leases mainly related to offices and learning centers in the PRC. As of February 28, 2023 and February 29, 2024, the Group had no leases that were classified as a financing lease. Total operating lease expenses for the years ended February 28, 2022, 2023 and February 29, 2024 were RMB 43,959, RMB 4,769 and RMB 3,965 (US$551), respectively, and was recorded in cost of revenues or operating expenses on the consolidated statements of operations. The short term lease expenses for the years ended February 28, 2022, 2023 and February 29, 2024 were RMB 108, RMB 91 and RMB 4,547 (US$632), respectively and was recorded in the consolidated statements of operations. As of February 29, 2024, the Group did not have additional operating leases that have not yet commenced. The Group recorded nil impairment loss for operating lease right-of-use assets for the years ended February 28, 2022, 2023 and February 29, 2024, respectively. Weighted-average remaining lease terms and discount rates are as follows:
|  | As of |
|  | February 28, |  |  | February 29, |
|  | 2023 |  |  | 2024 |
Weighted average remaining lease term (years) |  |  | 1.71 |  |  |  | 2.73 |
Weighted average discount rate |  |  | 5.4 | % |  |  | 5.6 | %
The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended February 28 or 29:
Year ending of February 28 or 29: |  | RMB |  |  | USD |
2025 |  |  | 1,412 |  |  |  | 196 |
2026 |  |  | 460 |  |  |  | 64 |
2027 |  |  | 360 |  |  |  | 50 |
2028 |  |  | 180 |  |  |  | 25 |
2029 |  |  | — |  |  |  | — |
Thereafter |  |  | — |  |  |  | — |
Total minimum lease payments |  |  | 2,412 |  |  |  | 335 |
Less: amount representing interest |  |  | (32 | ) |  |  | (5 | )
Present value of minimum lease payments |  |  | 2,380 |  |  |  | 330 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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