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Intangible Assets

3 Months Ended

May 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 3 – Intangible Assets

Intangible assets as of May 31, 2024, and February 29, 2024 consisted of the following:

  Schedule of Intangible Assets

		May 31, 2024				February 29, 2024
Software Development		$	6,771,433			$	6,602,028
Software Licenses			789,576				789,576
Trademark			6,283				6,283
Total			7,567,292				7,397,887
Accumulated amortization			(5,510,704	)			(5,224,467	)
Intangible assets, net of amortization		$	2,056,588			$	2,173,420

Amortization expense for the three months ended May 31, 2024, and May 31, 2023 was $286,237 and $329,033, respectively.

During the three months ended May 31, 2024 and 2023, the Company recorded no impairment losses associated with the carrying value exceeding its recoverable amount.

The estimated aggregate amortization expense for years ending February 28 is as follows:

  Schedule of Estimated Aggregate Amortization Expense

2025 (Remaining)		$	295,823
2026			313,329
2027			270,728
2028			2,958
Thereafter			-
Total		$	882,838

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- References

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/985-20/tableOfContent

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