| Prepaid Expenses and Other Current Assets |
5.
Prepaid Expenses and Other Current Assets
Schedule
of Prepaid Expenses and Other Current Assets
| | |
May 31, 2025 | | |
February 28, 2025 | |
| Prepayment to vendors | |
| 1,677,704 | | |
| 1,885,404 | |
| Prepayment for rental | |
| 110 | | |
| 107 | |
| Deposit | |
| 2,920,608 | | |
| 1,018,681 | |
| Rent receivable (a) | |
| - | | |
| 1,592,794 | |
| Loan receivable (b) | |
| 1,549,188 | | |
| 1,531,383 | |
| Advances to employees | |
| 514,637 | | |
| 474,517 | |
| Other | |
| 305,884 | | |
| 293,719 | |
| VAT | |
| 4,179 | | |
| 12,379 | |
| Total | |
| 6,972,310 | | |
| 6,808,984 | |
| Allowance for doubtful debt | |
| (151,649 | ) | |
| (149,906 | ) |
| Total | |
| 6,820,661 | | |
| 6,659,078 | |
| (a) |
As of the year end February 28, 2025 the Xiaoshan airport
project has been suspended. Rental fee in relation with the project will be refunded. For three months ended May 31, 2025, the refund
has been received by the Company. |
| (b) |
Loan receivables are loans
borrow to third parties. All loans are interest free and will be repaid on demand. |
|