v3.26.1
Account Receivables
12 Months Ended
Feb. 28, 2026
Receivables [Abstract]  
Account Receivables

5. Account Receivables

 

The Company does not provide any credit terms to its customers for smart parking. Cash will be collected by the exit of parking lots. The Company provides one to three months credits term for customers purchasing parking equipment.

 

Accounts receivable consisted of the following:

   February 28,
2026
   February 28,
2025
 
Accounts receivable  $538,617   $817,811 
Allowance for bad debts   (513,012)   (695,197)
Accounts receivable, net  $25,605   $122,614 

 

Movements of allowance for doubtful accounts are as follows:

    February 28,
2026
    February 28,
2025
 
Beginning balance   $ 695,197     $ 177,102  
Addition     9,698       534,777  
Reversal   $ (226,271 )   $ -
Exchange rate effect     34,388       (16,682 )
Ending balance   $ 513,012     $ 695,197