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Revenue From Contracts With Customers (Tables)
12 Months Ended
Feb. 29, 2024
us-gaap_TableTextBlock  
Summary of Contract Liabilities

The following table summarizes contract liabilities as of February 29, 2024 and February 28, 2023:

 

 

Twelve Months Ended

 

 

February 29 or 28:

 

 

2024

 

 

2023

 

Contract liabilities at the beginning of the year:

 

$

943,415

 

 

$

962,572

 

Revenue recognized

 

 

(167,767

)

 

 

(204,657

)

Contract fees received

 

 

53,000

 

 

 

185,500

 

Contract liabilities at the end of the year:

 

$

828,648

 

 

$

943,415

 

Schedule of Revenue Expected to Be Recognized in the Future, Related to Performance Obligations

At February 29, 2024, annual revenue expected to be recognized in the future, related to performance obligations that are not yet fully satisfied, are estimated to be the following:

 

2025

 

$

150,494

 

2026

 

 

135,223

 

2027

 

 

112,137

 

2028

 

 

103,775

 

2029

 

 

66,653

 

Thereafter

 

 

260,366

 

Total

 

$

828,648