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Intangible Assets
 9 Months Ended 12 Months Ended
Nov. 30, 2023
Feb. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible Assets

6. Intangible Assets

 

Intangible assets as of November 30, 2023 and year ended February 28, 2023 consisted of the following:

 

   November 30,
2023		   February 28,
2023		 
Software Development  $6,335,448   $6,268,044 
Software Licenses   737,576    427,576 
Trademark   6,283    6,283 
Total   7,079,307    6,701,903 
Accumulated amortization   (4,796,815)   (3,933,543)
Intangible assets, net of amortization  $2,282,492   $2,768,360 

 

Amortization expense for the three months ended November 30, 2023 and 2022 was $318,957 and $226,142, respectively. Amortization expense for the nine months ended November 30, 2023 and 2022 was $863,272 and $563,666, respectively, and for the year ended February 28, 2023, was $776,497, and recorded in operating expenses. Amortization for the next two years on the ending balance as of November 30, 2024, and 2025 will be $1,023,901 and $700,984 respectively.

 

6. Intangible Assets

 

Intangible assets as of February 28, 2023, and 2022 consisted of the following:

  

   February 28,
2023		   February 28,
2022		 
Software Development  $6,268,044   $3,959,133 
Software Licenses   427,576    397,477 
Trademark   6,283    6,283 
Total   6,701,903    4,362,893 
Accumulated amortization   (3,933,543)   (3,172,130)
Intangible assets, net of amortization  $2,768,360   $1,190,763 

 

Amortization expense for the years ended February 28, 2023, and 2022, was $776,497 and $1,020,848, respectively, and recorded in operating expenses.

 

During the years ended February 28, 2023, and 2022, the Company recorded impairment loss of $0 and $1,215,746, respectively, associated with the carrying value exceeded its recoverable amount.