LEASES

6 Months Ended

Aug. 31, 2025

Leases

LEASES

NOTE 9 – LEASES

The Company has entered into operating leases for office and office equipment as lessee with lease terms not exceeding 5 years. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term of one year.

Information pertaining to lease amounts recognized in the Company’s consolidated financial statements is summarized as follows:

	As of
	August 31, 2025		February 28, 2025
	$		$
Right-of-use assets		2,660		17,232
Lease liabilities
Current		2,660		15,165
Non-current		-		2,067
Total		2,660		17,232

During the six months ended August 31, 2025 and 2024, the Company incurred total operating lease expenses of $15,763 and $14,994, respectively.

	As of
	August 31, 2025			February 28, 2025
	$			$
Weighted-average remaining lease term – operating leases		2.58 years			3.58 years
Weighted-average discount rate – operating leases		5.25	%		5.25	%

Maturities of operating lease liabilities as of August 31, 2024 were as follows:

	$
During the period ended August 31,
2026		552
2027		1,103
2028		1,103
2029		92
Total undiscounted lease obligations		2,850
Less: imputed interest		(190	)
Lease liabilities recognized in the unaudited condensed consolidated balance sheet		2,660