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Prepaid Expenses and Other Current Assets (Tables)
3 Months Ended
May 31, 2024
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.