| Intangible Assets |
NOTE
11 - Intangible Assets
Intangible
assets as of February 28, 2026, and February 28, 2025 consisted of the following:
Schedule of Intangible Assets
| | |
February 28, 2026 | | |
February 28, 2025 | |
| Software Development | |
$ | 3,736,917 | | |
$ | 7,267,778 | |
| Software Licenses | |
| 362,000 | | |
| 789,576 | |
| Trademark | |
| 6,283 | | |
| 6,283 | |
| FSA Travel, LLC Tradename | |
| 280,000 | | |
| - | |
| FSA Software Agreements | |
| 680,000 | | |
| - | |
| TA Pipeline, LLC Tradename | |
| 160,000 | | |
| - | |
| TA Pipeline, LLC Supplier and Agency Agreements | |
| 750,000 | | |
| - | |
| JOURNY.tv – Trade Name | |
| 235,000 | | |
| - | |
| JOURNY.tv Distribution Agreements | |
| 480,000 | | |
| - | |
| GoUSA Content Episodes | |
| 106,500 | | |
| - | |
| GoUSA Content IMAX | |
| 74,500 | | |
| - | |
| GoUSA Distribution Agreements | |
| 760,000 | | |
| - | |
| GoUSA Assembled Workforce | |
| 54,000 | | |
| - | |
| Total | |
| 7,685,200 | | |
| 8,063,637 | |
| Intangible assets, gross | |
| 7,685,200 | | |
| 8,063,637 | |
| Accumulated amortization | |
| (3,426,980 | ) | |
| (5,936,269 | ) |
| Intangible assets, net of amortization | |
$ | 4,258,220 | | |
$ | 2,127,368 | |
Amortization
expense for the years ended February 28, 2026 and February 28, 2025 was $1,095,288 and $711,802, respectively, and is recorded in operating
expenses.
During
the years ended February 28, 2026 and February 28, 2025, the Company recorded $463,860 and no impairment losses, respectively, associated
with the carrying value exceeding its recoverable amount.
The
estimated aggregate amortization expense for each of the succeeding years ending February 28 is as follows:
Schedule of Estimated Aggregate Amortization Expense
| | |
| | |
| 2026 | |
$ | 1,217,764 | |
| 2027 | |
| 542,644 | |
| 2028 | |
| 422,752 | |
| 2029 | |
| 401,669 | |
| 2030 | |
| 399,894 | |
| Thereafter | |
| 1,267,214 | |
| Total | |
$ | 4,251,937 | |
|