Equity Method Investment

12 Months Ended

Feb. 28, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investment

3. Equity Method Investment

On June 10, 2020, the Company purchased 20,000,000 shares of Miway Finance Inc. (“Miway”) at $0.001 per share for a purchase price of $20,000, which comprises approximately 48.66% of Miway’s issued and outstanding shares of common stock.

	Ownership Interest	$
Carrying cost at date of acquisition, June 10, 2020	48.66%		20,000
Equity losses in Miway	—		(3,362	)
Net carrying value, February 28, 2021	48.66%		16,638
Equity income in Miway	—		8,047
Net carrying value, February 28, 2022	48.66%		24,685