v3.25.2
Fair Value of Financial Instruments
3 Months Ended
May 31, 2025
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

7. Fair Value of Financial Instruments

 

The following tables presents the fair value of the Company’s financial liabilities as at May 31, 2025 and February 28, 2025:

 

 

 

Fair Value at May 31, 2025

 

 

 

Carrying Amount

 

 

Fair Value

 

 

Level in the hierarchy

 

Financial liabilities measured at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt (Note 11)

 

$3,195

 

 

$3,195

 

 

Level 2

 

Due to customer

 

$848

 

 

$848

 

 

Level 2

 

 

 

 

Fair Value at February 28, 2025

 

 

 

Carrying Amount

 

 

Fair Value

 

 

Level in the hierarchy

 

Financial liabilities measured at amortized cost:

 

 

 

 

 

 

 

 

 

Long-term debt (Note 11)

 

$3,085

 

 

$3,085

 

 

Level 2

 

Due to customer

 

$832

 

 

$832

 

 

Level 2

 

 

The fair value of cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities approximate their carrying values due to their short-term maturity.