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Summary of Principal Accounting Policies (Tables)
9 Months Ended
Nov. 30, 2021
Accounting Policies [Abstract]  
Schedule of Variable Interest Entities

The following assets and liabilities of the VIE and VIE’s subsidiaries are included in the accompanying condensed consolidated financial statements of the Company as of November 30, 2021 and February 28, 2021:

 

 

Assets and liabilities of the VIE

 

   November 30, 2021   February 28, 2021 
   (unaudited)     
Current assets  $5,181,655   $2,251,100 
Non-current assets   30,118    45,503 
Total assets  $5,211,773   $2,296,603 
           
Current liabilities  $8,647,515   $4,906,955 
Non-current liabilities        
Total liabilities  $8,647,515   $4,906,955 

 

Assets and liabilities of the VIE’s Subsidiaries

 

   November 30, 2021   February 28, 2021 
   (unaudited)     
Current assets  $3,941,377   $4,177,156 
Non-current assets   9,314     
Total assets  $3,950,691   $4,177,156 
           
Current liabilities  $2,774,236   $3,318,450 
Non-current liabilities        
Total liabilities  $2,774,236   $3,318,450 

 

Operating Result of VIE

 

   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $2,412,523   $1,583,461 
Cost of revenue   (727,879)   (928,451)
Gross profit (loss)  $1,684,644   $655,010 
           
Amortization and depreciation   (5,961)   (5,216)
General and administrative expenses   (2,024,130)   (1,393,511)
Research & Development   (438,033)   (100,083)
Total operating expenses  $(2,468,124)  $(1,498,810)
           
Profit (loss) from operations  $(783,480)  $(843,800)
           
Interest income   2,569    1,344 
Other income   13,996    14,263 
Total other income (expense)  $16,565   $15,607 
           
Tax expense        
           
Net profit (loss)  $(766,915)  $(828,193)

 

Operating Result of VIE’s Subsidiaries

 

   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $14,741,361   $9,662,128 
Cost of revenue   (14,003,795)   (9,143,765)
Gross profit (loss)  $737,566   $518,363 
           
Amortization and depreciation   (719)   (491)
General and administrative expenses   (503,737)   (244,731)
Research & Development       (44,984)
Total operating expenses  $(504,456)  $(290,206)
           
Profit (loss) from operations  $233,110   $228,157 
           
Interest income   41    38 
Other income   64,690    56,370 
Total other income (expense)  $64,731   $56,408 
           
Tax expense       (579)
           
Net profit (loss)  $297,841   $283,986 
[custom:DisclosureSummaryOfPrincipalAccountingPoliciesAbstract]
   November 30, 2021   February 28, 2021 
   (unaudited)     
Current assets  $5,181,655   $2,251,100 
Non-current assets   30,118    45,503 
Total assets  $5,211,773   $2,296,603 
           
Current liabilities  $8,647,515   $4,906,955 
Non-current liabilities        
Total liabilities  $8,647,515   $4,906,955 

 

Assets and liabilities of the VIE’s Subsidiaries

 

   November 30, 2021   February 28, 2021 
   (unaudited)     
Current assets  $3,941,377   $4,177,156 
Non-current assets   9,314     
Total assets  $3,950,691   $4,177,156 
           
Current liabilities  $2,774,236   $3,318,450 
Non-current liabilities        
Total liabilities  $2,774,236   $3,318,450 

 

Operating Result of VIE

 

   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $2,412,523   $1,583,461 
Cost of revenue   (727,879)   (928,451)
Gross profit (loss)  $1,684,644   $655,010 
           
Amortization and depreciation   (5,961)   (5,216)
General and administrative expenses   (2,024,130)   (1,393,511)
Research & Development   (438,033)   (100,083)
Total operating expenses  $(2,468,124)  $(1,498,810)
           
Profit (loss) from operations  $(783,480)  $(843,800)
           
Interest income   2,569    1,344 
Other income   13,996    14,263 
Total other income (expense)  $16,565   $15,607 
           
Tax expense        
           
Net profit (loss)  $(766,915)  $(828,193)

 

Operating Result of VIE’s Subsidiaries

 

   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $14,741,361   $9,662,128 
Cost of revenue   (14,003,795)   (9,143,765)
Gross profit (loss)  $737,566   $518,363 
           
Amortization and depreciation   (719)   (491)
General and administrative expenses   (503,737)   (244,731)
Research & Development       (44,984)
Total operating expenses  $(504,456)  $(290,206)
           
Profit (loss) from operations  $233,110   $228,157 
           
Interest income   41    38 
Other income   64,690    56,370 
Total other income (expense)  $64,731   $56,408 
           
Tax expense       (579)
           
Net profit (loss)  $297,841   $283,986 
[custom:DisclosureSummaryOfPrincipalAccountingPolicies2Abstract]
   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $2,412,523   $1,583,461 
Cost of revenue   (727,879)   (928,451)
Gross profit (loss)  $1,684,644   $655,010 
           
Amortization and depreciation   (5,961)   (5,216)
General and administrative expenses   (2,024,130)   (1,393,511)
Research & Development   (438,033)   (100,083)
Total operating expenses  $(2,468,124)  $(1,498,810)
           
Profit (loss) from operations  $(783,480)  $(843,800)
           
Interest income   2,569    1,344 
Other income   13,996    14,263 
Total other income (expense)  $16,565   $15,607 
           
Tax expense        
           
Net profit (loss)  $(766,915)  $(828,193)

 

Operating Result of VIE’s Subsidiaries

 

   For the nine months ended
November 30, 2021
   For the nine months ended
November 30, 2020
 
   (unaudited)   (unaudited) 
Revenue  $14,741,361   $9,662,128 
Cost of revenue   (14,003,795)   (9,143,765)
Gross profit (loss)  $737,566   $518,363 
           
Amortization and depreciation   (719)   (491)
General and administrative expenses   (503,737)   (244,731)
Research & Development       (44,984)
Total operating expenses  $(504,456)  $(290,206)
           
Profit (loss) from operations  $233,110   $228,157 
           
Interest income   41    38 
Other income   64,690    56,370 
Total other income (expense)  $64,731   $56,408 
           
Tax expense       (579)
           
Net profit (loss)  $297,841   $283,986