Summary of Principal Accounting Policies (Tables)

9 Months Ended

Nov. 30, 2019

Disclosure Summary Of Principal Accounting Policies Tables Abstract

Schedule of Variable Interest Entities

The following assets and liabilities of the VIE & VIE Subsidiary are included in the accompanying consolidated financial statements of the Company as of November 30, 2019 and February 28, 2019:

Assets and liabilities of the VIE

	November 30, 2019		February 28, 2019
	(Unaudited)
Current assets	$	2,145,543	$	2,674,890
Non-current assets				—
Total assets	$	2,145,543	$	2,674,890
Current liabilities	$	2,779,130	$	3,023,805
Non-current liabilities		—		—
Total liabilities	$	2,779,130	$	3,023,805

Assets and liabilities of the VIE Subsidiary

	November 30, 2019		February 28, 2019
	(Unaudited)
Current assets	$	2,267,562	$	—
Non-current assets		—		—
Total assets	$	2,267,562	$	—
Current liabilities	$	1,917,651	$	—
Non-current liabilities		—		—
Total liabilities	$	1,917,651	$	—

Operating Result of VIE

	For the Nine Months Ended November 30, 2019
		(Unaudited)
Revenue	$	1,754,793
Cost of Revenue		(1,513,799	)
Gross Profit	$	240,994
Amortization and Depreciation		(33,384	)
General and Administrative Expenses		(955,240	)
Total Operating Expenses	$	(988,624	)
Net Loss from Operations	$	(747,630	)
Interest Income		894
Other Income		441,840
Interest Expense		(616	)
Total Other Income	$	442,118
Net Loss	$	(305,512	)

Operating Result of VIE Subsidiary

Results from March 7, 2019 through November 30, 2019

	For the Nine Months Ended November 30, 2019
	(Unaudited)
Revenue	$	3,910,686
Cost of Revenue		(3,425,864	)
Gross Profit	$	484,822
Amortization and Depreciation		—
General and Administrative Expenses		(130,852	)
Total Operating Expenses	$	(130,852	)
Net Profit from Operations	$	353,970
Interest Income		182
Other Income		9,842
Interest Expense		—
Total Other Income	$	10,024
Net Profit	$	363,994