v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
May 31, 2026
Feb. 28, 2026
Current Assets    
Cash and cash equivalents $ 987,391 $ 68,596
Accounts receivable, net 44,927,081 44,832,946
Inventories 309,492 258,159
Prepayment and deposit 4,932,114 4,800,636
Other receivables 1,777,834 1,811,226
Total Current Assets 52,933,912 51,771,563
Non-current Assets    
Equipment 27,530 28,366
Intangible assets 1,833,914 2,030,291
Right-of-use asset 20,428 19,201
Deferred tax asset 7,083,991 6,996,568
Total Non-current Assets 8,965,863 9,074,426
TOTAL ASSETS 61,899,775 60,845,989
Current Liabilities    
Accounts payable 35,105,714 34,412,906
Accrual and other payables 9,540,101 10,678,667
Loan payable, current portion 576,233 576,233
Convertible note payable, current portion 3,319,767
Lease liability, current portion 10,245 10,604
Total Current Liabilities 48,552,060 45,678,410
Non-current Liabilities    
Deferred tax liabilities 18,248 18,002
Total Non-current Liabilities 18,248 18,002
TOTAL LIABILITIES 48,570,308 45,696,412
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $.0001 per share; Authorized 1,000,000 shares; issued and outstanding -0- shares.
Common Stock, par value $.0001 per share; Authorized 200,000,000 shares; issued and outstanding 61,281,308 shares and 61,281,308 issued and outstanding at May 31, 2026 and February 28, 2026 respectively 6,129 6,129
Additional paid-in capital 54,652,121 54,652,121
Additional paid-in capital - stock options 1,798,658 1,798,658
Accumulated deficit (43,185,481) (41,185,154)
Accumulated other comprehensive income 105,570 (84,104)
Stockholders’ equity before non-controlling interests 13,376,997 15,187,650
Non-controlling interests (47,530) (38,073)
TOTAL STOCKHOLDERS’ EQUITY 13,329,467 15,149,577
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 61,899,775 $ 60,845,989