v3.26.3
Note 10 - Intangible Assets
 6 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

NOTE 10 – Intangible Assets

 

Intangible assets as of  August 31, 2026, and  February 28, 2026 consisted of the following:

 

 

 

August 31, 2026

 

 

February 28, 2026

 

Software Development

 

$

3,935,202

 

 

$

3,736,917

 

Software Licenses

 

 

362,000

 

 

 

362,000

 

Trademark

 

 

6,283

 

 

 

6,283

 

FSA Travel, LLC Tradename

 

 

280,000

 

 

 

280,000

 

FSA Software Agreements

 

 

680,000

 

 

 

680,000

 

TA Pipeline, LLC Tradename

 

 

160,000

 

 

 

160,000

 

TA Pipeline, LLC Supplier and Agency Agreements

 

 

750,000

 

 

 

750,000

 

JOURNY TV – Trade Name

 

 

235,000

 

 

 

235,000

 

JOURNY TV Distribution Agreements

 

 

480,000

 

 

 

480,000

 

JOURNY TV Production Costs

 

 

271,320

 

 

 

-

 

GoUSA Content Episodes

 

 

106,500

 

 

 

106,500

 

GoUSA Content IMAX

 

 

74,500

 

 

 

74,500

 

GoUSA Distribution Agreements

 

 

760,000

 

 

 

760,000

 

GoUSA Assembled Workforce

 

 

54,000

 

 

 

54,000

 

Total

 

 

8,154,805

 

 

 

7,685,200

 

Accumulated amortization

 

 

(4,099,059

)

 

 

(3,426,980

)

Intangible assets, net of amortization

 

$

4,055,746

 

 

$

4,258,220

 

 

Amortization expense for the six months ended August 31, 2026 and 2025 was $672,079 and $422,016, respectively.

 

During the six months ended August 31, 2026 and 2025, the Company did not record any impairment losses associated with the carrying value exceeding its recoverable amount.

 

The estimated aggregate amortization expense for each of the succeeding fiscal years ending in February is as follows:

 

 

2027 (Remaining)

 

$

545,685

 

2028

 

 

542,644

 

2029

 

 

422,752

 

2030

 

 

401,669

 

2031

 

 

399,894

 

Thereafter

 

 

1,267,214

 

 

 

$

3,579,858

 

 

The schedule excludes capitalized software development costs of $198,285 and JOURNY TV production costs of $271,320 not yet placed in service (together $469,605) and trademarks of $6,283, or $475,888 in total.