v3.26.1
Related Party Transactions
3 Months Ended
May 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

Note 17 – Related Party Transactions

 

In the ordinary course of business, the Company engages in transactions with its principal stockholders, affiliates, and executive officers. These transactions are carried out on terms comparable to those that would be obtained in arm-length dealings with unrelated third parties.

 

At May 31, 2026 and February 28, 2026,, the Company engaged in the following transactions with ZhongXin Marine (Zhoushan) Satellite Communications Equipment Co., Ltd., which holds a 30% non-controlling interest in the Company’s subsidiary:

 

          
   May 31, 2026   February 28, 2026 
Related party transaction          
Purchases of two satellite portable stations      $15,270 
Jinhua project - traffic fees  $8,473     
Yantai Wanhua project - satellite equipment  $20,949     

 

The following balances were outstanding at the end of the reporting periods:

 

          
   May 31, 2026   February 28, 2026 
Related party payable          
ZhongXin Marine (Zhoushan) Satellite Communications Equipment Co., Ltd.  $   $7,938 

 

   May 31, 2026   February 28, 2026 
Related party prepayment          
ZhongXin Marine (Zhoushan) Satellite Communications Equipment Co., Ltd.  $30,081   $