Schedule of Prepaid Expenses and Other Current Assets |
Schedule of Prepaid Expenses and Other Current Assets
| |
May 31, 2024 | | |
February 29, 2024 | |
Prepayment to vendors | |
| 625,915 | | |
| 421,055 | |
Prepayment for rental (a) | |
| 426,845 | | |
| 429,923 | |
Deposit | |
| 342,905 | | |
| 344,997 | |
Loan receivable (b) | |
| 986,396 | | |
| 1,299,420 | |
Advances to employees | |
| 144,502 | | |
| 541,590 | |
Other | |
| 447,710 | | |
| 397,190 | |
VAT | |
| 6,740 | | |
| 5,310 | |
Total | |
| 2,981,013 | | |
| 3,439,485 | |
Allowance for doubtful debt | |
| (145,615 | ) | |
| (146,491 | ) |
Total | |
| 2,835,398 | | |
| 3,292,994 | |
|
(a) |
Prepayment
for rental included a rental agreement of parking lot with a third party. The contract became effective on January 1, 2021 and will
end on December 31, 2030. The Company has paid full rent as of May 31, 2024. |
|
(b) |
Loan
receivables are loans borrow to third parties. All loans are interest free and will be repaid on demand. |
|