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INTANGIBLE ASSETS
3 Months Ended
May 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

The Company follows the provisions of ASC 985, Software, which requires that all costs relating to the purchase or internal development and production of software products to be sold, leased or otherwise marketed, be expensed in the period incurred unless the requirements for technological feasibility have been established. The Company amortizes these costs using the straight-line method over the remaining estimated economic life of the product.

 

During the year ended February 28, 2023, the Company acquired application code for $17,820 and song database for $17,000. In February 2024, the Company sold its database for $15,000. In August 2024, the Company acquired sound fingerprints database for $16,000. In February 2025, the Company acquired song database for $14,000. In May 2025, the Company acquired AI Mood Matching API Module for $24,000.

 

During the year ended February 29, 2024, the Company capitalized website development costs for $7,000. During the year ended February 28, 2025, the Company capitalized website development costs for $25,400.

 

Amortization expense of capitalized software and website development costs was $1,337 and $414 for the three months ended May 31, 2025 and 2024, respectively.

 

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The Company had the following intangible assets as of May 31, 2025 and February 28, 2025:

 

  As of May 31, 2025 As of February 28, 2025
Application Code $ 17,820 $ 17,820
AI Mood Matching API Module   24,000   -
Song Database   14,000   14,000
Sound Fingerprints Database   16,000   16,000
Website Development Costs   32,400   32,400
Accumulated Amortization   (6,454)   (5,117)
Intangible Assets, Net $ 97,766 $ 75,103