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REVENUE EARNING DEVICES
 3 Months Ended 12 Months Ended
May 31, 2026
Feb. 28, 2026
Revenue Earning Devices    
REVENUE EARNING DEVICES

7. REVENUE EARNING DEVICES

 

Revenue earning devices consisted of the following:

 

   May 31, 2026   February 28, 2026 
Revenue earning devices  $8,632,012   $8,355,295 
Less: Accumulated depreciation   (3,781,667)   (3,257,668)
Total  $4,850,345   $5,097,627 

 

During the three months ended May 31, 2026, the Company made total additions to revenue earning devices of $276,717 which were transfers from inventory. During the three months ended May 31, 2025, the Company made total additions to revenue earning devices of $895,547 which were transfers from inventory

 

Depreciation and amortization for the years ended May 31, 2026, and May 31, 2025, are as follows:

 

Depreciation and Amortization RED 

Three Months

Ended

May 31 2026

  

Three Months

Ended

May 31, 2025

 
         
Cost of Goods Sold  $513,195   $447,955 
Operating expenses   10,804    4,104 
Total Depreciation and Amortization RED  $523,999   $452,059 

 

 

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

 

6. REVENUE EARNING DEVICES

 

Revenue earning devices (RED) consisted of the following:

  

   February 28,
2026		   February 28,
2025		 
Revenue earning devices  $8,355,295   $6,831,352 
Less: Accumulated depreciation   (3,257,668)   (2,292,172)
Total  $5,097,627   $4,539,180 

 

During the year ended February 28, 2026, the Company made total additions to revenue earning devices of $2,632,720 which were transferred from inventory. For the year ended February 28, 2026, the Company disposed of assets with a value $1,108,776 and related accumulated depreciation $1,037,839 with a net book value of $70,937 for zero net proceeds..

 

During the year ended February 28, 2025, the Company made total additions to revenue earning devices of $3,398,505 which were transferred from inventory. There was no permanent impairment on revenue earning services for the year ended February 28, 2025.

 

Depreciation and amortization for the years ended February 28, 2026, and February 28, 2025, are as follows:

 

Depreciation and Amortization RED  Year Ended
February 28,
2026		   Year Ended
February 28,
2025		 
         
Cost of Goods Sold  $1,981,679   $1,051,498 
Operating expenses   91,811    287,830 
Total Depreciation and Amortization RED  $2,073,490   $1,339,328 

 

 

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS