v3.26.1
Account Receivables
3 Months Ended
May 31, 2026
Receivables [Abstract]  
Account Receivables

4. 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:

 

   May 31, 2026   February 28, 2026 
Accounts receivable  $537,719   $538,617 
Allowance for bad debts   (518,909)   (513,012)
Accounts receivable, net  $18,810   $25,605 

 

Movements of allowance for doubtful accounts are as follows:

 

   May 31, 2026   February 28, 2026 
Beginning balance  $513,012   $695,197 
Addition   797    9,698 
Reversal  $(1,841)  $(226,271)
Exchange rate effect   6,941    34,388 
Ending balance  $518,909   $513,012