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Prepayment and Deposit
6 Months Ended
Aug. 31, 2022
Prepayment And Deposit  
Prepayment and Deposit

Note 7 – Prepayment and Deposit

 

Prepaid expenses consist of the deposit pledge to the vendor for stock credits for resale. Our current vendors are China Unicom and China Mobile for our Telecommunication Products & Services business and our SMS & MMS business. Deposits includes payments placed into the e-commerce platforms where we offer our products and services. The platforms are PinDuoDuo, Tmall, and JD.com.

 

           
   August 31,
2022
   February 28,
2022
 
   (unaudited)     
Telecommunication Products & Services          
Deposit Paid / Prepayment  $2,336,880   $2,396,550 
Deposit received        
Net Prepaid expenses for Telecommunication Products & Services  $2,336,880   $2,396,550 
Others prepayment   1,575,699    369,256 
Prepayment and deposit  $3,912,579   $2,765,806 

 

   August 31,
2022
   February 28,
2022
 
   (unaudited)     
SMS & MMS Business          
Deposit Paid / Prepayment  $61,335   $565,536 
Deposit received          
Net Prepaid expenses for SMS  $61,335   $565,536 
Others prepayment        
Prepayment and deposit  $61,335   $565,536