v3.26.1
Segment Reporting
 12 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Segment Reporting

20. Segment Reporting

 

ASC 280, Disclosures about Segments, of an Enterprise and Related Information, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise engaging in business activities from which they may earn revenues and incur expenses, and about which separate financial information is available that is evaluated regularly by the chief operating decision-marker, or decision-making group (the “CODM”), in deciding how to allocate resources and in assessing performance. Reportable segments are defined as an operating segment that either (a) exceeds 10% of revenues, or (b) reported profit or loss in absolute amount exceeds 10% of profit of all operating segments that did not report a loss or (c) exceeds 10% of the combined assets of all operating segments.

 

Chief executive officer is determined as the CODM of the Company. The Company has organized operations into three different areas: (1) parking fee, (2) winery sales, and (3) others. CODM has access them as separate operating segments.

 

The following table set forth the operating segment reporting

             
   For the Year Ended February 28, 2026 
   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $1,443,502   $694,373   $75,008   $2,212,883 
Non-current assets   5,563,459    -    -    5,563,459 
Revenues   1,369,618    70,500    102,749    1,542,867 
Segment gross profit   (94,087)   8,188    (13,100)   (98,999)
Segment gross margin   (6.87)%   11.61%   (12.75)%   (6.42)%
Selling expenses   171,455    1,349    1,967    174,771 
General and administrative expenses   2,459,827    14,292    20,829    2,494,948 
R&D expenses   269,776    -    -    269,776 
Impairment for credit losses   2,714,286    -    -    2,714,286 
Impairment of property, plant and equipment   816,802    -    -    816,802 
Interest expense, net   63,734    -    -    63,734 
Other income/expenses, net   60,845    -    -    60,845 
Income tax expense   11,961    -    -    11,961 
Net loss   (6,662,773)   (7,453)   (35,896)   (6,706,122)

 

             
   For the Year Ended February 28, 2025 
   Parking fee   Winery sales   Others   Consolidated 
                 
Current assets  $5,226,864   $1,354,383   $504,312   $7,085,559 
Non-current assets   5,137,257    -    -    5,137,257 
Revenues   1,657,057    420,180    64,417    2,141,654 
Segment gross profit   (495,328)   34,713    64,417    (396,198)
Segment gross margin   (29.89)%   8.26%   100.00%   (18.50)%
Selling expenses   342,993    326    236,491    579,810 
General and administrative expenses   2,924,270    215,724    33,072    3,173,066 
R&D expenses   359,447    -    -    359,447 
Impairment for credit losses   539,954    -    -    539,954 
Impairment of property, plant and equipment   437,477    -    -    437,477 
Interest expense, net   86,400    3,995    612    91,007 
Other income/expenses, net   432,052    -    -    432,052 
Income tax expense   7,397    -    -    7,397 
Net loss   (5,625,318)   (185,332)   (205,758)   (6,016,408)