| Schedule of 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 | |
|
Intangible
assets as of February 29, 2024, and February 28, 2023 consisted of the following:
Schedule
of Intangible Assets
| | |
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 | |
|
| Schedule of Estimated Aggregate Amortization Expense |
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 | |
|
The estimated aggregate amortization
expense for each of the succeeding years ending February 28 is as follows:
Schedule
of estimated aggregate amortization expense
| | |
| | |
| 2025 | |
$ | 660,578 | |
| 2026 | |
| 172,152 | |
| 2027 | |
| 12,498 | |
| Thereafter | |
| - | |
| | |
| | |
| Total | |
$ | 845,228 | |
|