v3.26.1
Property, Plant and Equipment
 12 Months Ended
Feb. 28, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment

7. Property, Plant and Equipment

 

   Furniture, fixtures and office equipment   Building (a)   Vehicles   Project Facilities   Construction in progress   Total 
Cost                              
At February 29, 2024   929,598    4,383,002    136,454    2,558,909    988,118    8,996,081 
Additions during the year   2,384    -    26,568    507,966    517,577    1,054,495 
Disposals during the year   (283,912)   (28,077)   (115,682)   (755,499)   (570,857)   (1,754,027)
Effects of currency translation   (8,137)   (50,944)   (732)   (27,506)   (11,031)   (98,350)
At February 28, 2025   639,933    4,303,981    46,608    2,283,870    923,807    8,198,199 
Additions during the year   32,313    -    -    162,651    140,327    335,291 
Disposals during the year   (91,790)   (155,254)   (6,833)   (1,376,527)   (198,986)   (1,829,390)
Effects of currency translation   37,264    260,440    2,613    92,832    54,885    448,034 
At February 28, 2026   617,720    4,409,167    42,388    1,162,826    920,033    7,152,134 
                               
Accumulated depreciation                              
At February 29, 2024   834,821    716,643    115,119    1,328,672    -    2,995,255 
Depreciation during the year   30,655    207,104    10,865    533,675    -    782,299 
Disposals during the year   (269,144)   (6,779)   (108,459)   (615,688)   -    (1,000,070)
Effects of currency translation   (7,446)   (10,315)   (400)   (14,731)   -    (32,892)
At February 28, 2025   588,886    906,653    17,125    1,231,928    -    2,744,592 
 Depreciation during the year   17,796    201,362    8,532    241,382    -    469,072 
Disposals during the year   (87,095)   (19,051)   (6,343)   (920,605)   -    (1,033,094)
Effects of currency translation   33,708    63,483    1,149    49,094    -    147,434 
At February 28, 2026   553,295    1,152,447    20,463    601,799    -    2,328,004 
                               
Impairment provision                              
At February 29, 2024     -       -       -       -       -       -  
Additions during the year     -       134,703       -       302,774       -       437,477  
Disposals during the year     -       -       -       -       -       -  
Effects of currency translation     -       (1,304 )     -       (2,931 )     -       (4,235 )
At February 28, 2025   -    133,399    -    299,843    -    433,242 
Additions during the year(b)   -    -    -    -    816,802    816,802 
Disposal during the year   -    (136,203)   -    (306,145)   -    (442,348)
Effects of currency translation   -    2,804    -    6,302    32,751    41,857 
At February 28, 2026   -    -    -    -    849,553    849,553 
                               
Net book value                              
At February 28, 2025   51,047    3,263,929    29,483    752,099    923,807    5,020,365 
At February 28, 2026   64,425    3,256,720    21,925    561,027    70,480    3,974,577 

 

(a) Address of the building is Floor 1 to 6, No. 1 to 10, Chuangyi Road, Yinhu Village, Shoujiang Town, Fuyang District, China. The Company is involved in a legal proceeding between Hangzhou Zhuyi and a third party. Pursuant to a Notice of Preservation Matters issued on May 22, 2025 by the Intermediate People’s Court of Hangzhou, Zhejiang Province, floor 1 to 4 are restricted for three years.
   
(b) Impairment provision was recognized for two projects with a local government. The Company incurred costs for equipment and personnel in connection with the construction of parking facilities for these projects. Both projects were suspended due to government-related factors. As of February 28, 2026, the Company remained in discussions with the local government regarding reimbursement of these costs and had not received any refunds. Accordingly, the Company recognized a full impairment loss of $816,802 during the year ended February 28, 2026.