v3.26.1
Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($)
Feb. 28, 2026
Feb. 28, 2025
Prepaid Expenses And Other Current Assets    
Prepayment $ 935,381 $ 1,885,404
Prepayment for rental 115 107
Deposit [1] 3,188,237 1,018,681
Rent receivable [2] 1,592,794
Loan receivable [3] 389,262 1,531,383
Advances to employees 180,875 474,517
Other 380,771 293,719
VAT 18,251 12,379
Total 5,092,892 6,808,984
Allowance for doubtful debt [1] (3,207,570) (149,906)
Total $ 1,885,322 $ 6,659,078
[1] Deposit and allowance for doubtful debt primarily consisted of deposits of RMB20,000,000 (US$2,916,345) paid to a third party under an agreement to establish a subsidiary in Zhejiang Province engaged in data security testing, certification, and technical consulting for intelligent connected vehicles. Under the agreement, the third party was required to complete the Company's due diligence assessment by February 15, 2025 and obtain approval to establish the subsidiary by September 5, 2025, failing which the deposits were refundable. As the third party did not complete the due diligence assessment by the required date, the agreement was suspended. To date, no refund had been received, and the Company recorded a full allowance for doubtful debt of US$2,916,345.
[2] As of the reporting date, the Xiaoshan airport project has been suspended. Rental fee in relation with the project was refunded. As of the year ended February 28, 2026, the balance in rental fees amounted as nil.
[3] Loan receivables are loans lent to third parties. All loans are interest free and will be repaid on demand.