v3.26.1
Note 7 - Intangible Assets, Net
12 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

7. Intangible Assets, net

 

  

As at February 28,

  

As at February 28,

 
  

2026

  

2025

 
         

Patents, at cost – beginning of year

 $2,446  $1,996 

Additions in the year – patents

  211   450 

Patents, at cost – end of year

  2,657   2,446 
         

Patents, accumulated depreciation – beginning of year

  (581)  (379)

Amortization of patents

  (247)  (202)

Patents, accumulated depreciation – end of year

  (828)  (581)
         

Foreign exchange effect

  (53)  (157)

Patents, net – end of year

 $1,776  $1,708 

 

On April 9, 2019, the first U.S. patent was issued for the Infinite Loop™ technology. During the year ending February 28, 2026, the Company continued to develop the Infinite Loop™ technology and filed various patents in jurisdictions around the world.

 

The Infinite Loop™ technology portfolio currently includes six patent families for which the Company has 15 issued U.S. patents and one pending U.S. application. Internationally, the Company also has issued or allowed patents in various foreign jurisdictions. All patents and patent applications, if granted are expected to expire between 2038 and 2044, not including any patent term extension.

 

Amortization expense amounted to $247 for the year ended February 28, 2026 (2025 - $202).