| Intangible Assets |
NOTE
8 – Intangible Assets
Intangible
assets as of May 31, 2026, and February 28, 2026 consisted of the following:
Schedule of Intangible Assets
| | |
May 31, 2026 | | |
February 28, 2026 | |
| Software Development | |
$ | 3,836,059 | | |
$ | 3,736,917 | |
| Software Licenses | |
| 362,000 | | |
| 362,000 | |
| Trademark | |
| 6,283 | | |
| 6,283 | |
| FSA Travel, LLC Tradename | |
| 280,000 | | |
| 280,000 | |
| FSA Software Agreements | |
| 680,000 | | |
| 680,000 | |
| TA Pipeline, LLC Tradename | |
| 160,000 | | |
| 160,000 | |
| TA Pipeline, LLC Supplier and Agency Agreements | |
| 750,000 | | |
| 750,000 | |
| JOURNY.tv – Trade Name | |
| 235,000 | | |
| 235,000 | |
| JOURNY.tv Distribution Agreements | |
| 480,000 | | |
| 480,000 | |
| Journy.tv Production Costs | |
| 138,418 | | |
| - | |
| GoUSA Content Episodes | |
| 106,500 | | |
| 106,500 | |
| GoUSA Content IMAX | |
| 74,500 | | |
| 74,500 | |
| GoUSA Distribution Agreements | |
| 760,000 | | |
| 760,000 | |
| GoUSA Assembled Workforce | |
| 54,000 | | |
| 54,000 | |
| Total | |
| 7,922,760 | | |
| 7,685,200 | |
| Intangible
assets, gross | |
| 7,922,760 | | |
| 7,685,200 | |
| Accumulated amortization | |
| (3,763,019 | ) | |
| (3,426,980 | ) |
| Intangible assets, net of amortization | |
$ | 4,159,741 | | |
$ | 4,258,220 | |
Amortization
expense for the three months ended May 31, 2026, and 2025 was $336,040 and $206,021, respectively.
During
the three months ended May 31, 2026, and 2025, the Company did not record any impairment losses 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
| | |
| | |
| 2027 (Remaining) | |
$ | 881,725 | |
| 2028 | |
| 542,644 | |
| 2029 | |
| 422,752 | |
| 2030 | |
| 401,669 | |
| 2031 | |
| 399,894 | |
| Thereafter | |
| 1,267,213 | |
| Total | |
$ | 3,915,897 | |
|