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Accrued Expenses and Other Current Liabilities
12 Months Ended
Feb. 29, 2024
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities

8. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:

 

 

 

As of

 

 

 

February 28,
2023

 

 

February 29,
2024

 

 

 

RMB

 

 

RMB

 

 

USD

 

Payable for funding commitments (1)

 

 

45,000

 

 

 

45,000

 

 

 

6,252

 

Accrued employee payroll and welfare benefits

 

 

3,443

 

 

 

3,712

 

 

 

516

 

Default payable (2)

 

 

1,520

 

 

 

871

 

 

 

121

 

Other taxes payable (3)

 

 

887

 

 

 

3,540

 

 

 

492

 

Refund liabilities

 

 

408

 

 

 

454

 

 

 

63

 

Professional service fee payable

 

 

1,076

 

 

 

 

 

 

 

Others

 

 

7,208

 

 

 

12,463

 

 

 

1,731

 

Total

 

 

59,542

 

 

 

66,040

 

 

 

9,175

 

 

(1) As of February 28, 2023 and February 29, 2024, RMB45,000 (US$6,252) has been accrued as marketing expenses, according to the funding commitment with Shanghai East Normal University Education Development Fund for public welfare purpose.

(2) Default payable represents payable for the early terminated lease contracts.

(3) Other taxes payable consists of value added tax payable, withholding individual tax payable and other tax payable.