XML 23 R13.htm IDEA: XBRL DOCUMENT v3.24.4
Intangible Assets
 9 Months Ended
Nov. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 3 – Intangible Assets

 

Intangible assets as of November 30, 2024, and February 29, 2024 consisted of the following:

 

   November 30,
2024		   February 29,
2024		 
Software Development  $7,201,779   $6,602,028 
Software Licenses   789,576    789,576 
Trademark   6,283    6,283 
Total   7,997,638    7,397,887 
Accumulated amortization   (5,755,560)   (5,224,467)
Intangible assets, net of amortization  $2,242,078   $2,173,420 

 

Amortization expense for the Nine months ended November 30, 2024, and 2023 was $531,093 and $926,295, respectively.

 

During the three and Nine months ended November 30, 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)  $191,724 
2026   650,055 
2027   607,454 
2028   200,159 
Thereafter   - 
 Total  $1,649,392