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Intangible Assets
 12 Months Ended
Feb. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 8 - Intangible Assets

 

Intangible assets as of February 28, 2025, and February 29, 2024 consisted of the following:

 

  

February 28,

2025

  

February 29,

2024

 
Software Development  $7,267,778   $6,602,028 
Software Licenses   789,576    789,576 
Trademark   6,283    6,283 
Total   8,063,637    7,397,887 
Accumulated amortization   (5,936,269)   (5,224,467)
Intangible assets, net of amortization  $2,127,368   $2,173,420 

 

Amortization expense for the years ended February 28, 2025 and February 29, 2024 was $711,802 and $1,449,925, respectively, and is recorded in operating expenses.

 

During the years ended February 28, 2025 and February 29, 2024, 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  $597,914 
2026   623,882 
2027   312,358 
2028   528 
Thereafter   - 
Total  $1,534,682