v3.26.1
Note 4 - Intangible Assets
 12 Months Ended
Feb. 28, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

4. INTANGIBLE ASSETS

 

Intangible assets are amortized on a straight-line basis over their estimated useful lives.  The following table sets forth the components of the identifiable intangible assets acquired and their estimated useful lives as of February 28, 2026 and 2025. Intangible assets recorded represent customer relationship assets which we estimate to have a sixteen-year life and trademark assets which we estimate to have a ten-year life

 

      

Accumulated

     

As of February 28, 2026

 

Gross amount

  

amortization

  

Net book value

 

Customer relationships

 $2,996,000  $(468,125) $2,527,875 

Trademarks

  223,000   (55,750)  167,250 

Total identifiable assets

 $3,219,000  $(523,875) $2,695,125 
             

As of February 28, 2025

            

Customer relationships

 $2,996,000  $(280,875) $2,715,125 

Trademarks

  223,000   (33,450)  189,550 

Total identifiable assets

 $3,219,000  $(314,325) $2,904,675 

 

Intangible amortization expense was $210,000 for both the years ended  February 28, 2026 and February 28, 2025, respectively. 

 

Amortization schedule (fiscal year ending)

    

2027

 $210,000 

2028

  210,000 

2029

  210,000 

2030

  210,000 

2031

  210,000 

Thereafter

  1,645,125 

Total

 $2,695,125