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Intangible Assets
 6 Months Ended 12 Months Ended
Aug. 31, 2024
Feb. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible Assets

NOTE 3 – Intangible Assets

 

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

 

  

  

August 31,

2024

  

February 29,

2024

 
Software Development  $7,122,596   $6,602,028 
Software Licenses   789,576    789,576 
Trademark   6,283    6,283 
Total   7,918,455    7,397,887 
Accumulated amortization   (5,607,528)   (5,224,467)
Intangible assets, net of amortization  $2,310,927   $2,173,420 

 

Amortization expense for the six months ended August 31, 2024, and 2023 was $383,061 and $657,389, respectively.

 

During the three and six months ended August 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:

 

  

      
2025 (Remaining)  $200,232 
2026   313,329 
2027   270,728 
2028   2,957 
Thereafter   - 
Total  $787,246 

 

 

NOTE 7 - Intangible Assets

 

Intangible assets as of February 29, 2024, and February 28, 2023 consisted of the following:

 

   February 29,
2024		   February 28,
2023		 
Software Development  $6,602,028   $5,908,353 
Software Licenses   789,576    467,576 
Trademark   6,283    6,283 
Total   7,397,887    6,382,212 
Accumulated amortization   (5,224,467)   (3,774,542)
Intangible assets, net of amortization  $2,173,420   $2,607,670 

 

Amortization expense for the years ended February 29, 2024, and February 28, 2023 was $1,449,925 and $676,853, respectively, and recorded in operating expenses.

 

During the years ended February 29, 2024, and February 28, 2023, the Company recorded no impairment losses associated with the carrying value exceeding its recoverable amount.

 

The estimated aggregate amortization expense for each of the succeeding years ending February 28 is as follows:

 

      
2025  $660,578 
2026   172,152 
2027   12,498 
Thereafter   - 
      
Total  $845,228