Significant Accounting Policies (Policies) | 12 Months Ended |
Feb. 28, 2019 |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Principles of Consolidation and Presentation The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the financial statements of the Company, and its wholly-owned subsidiaries. All intercompany accounts, transactions, and profits have been eliminated upon consolidation. |
Consolidation, Variable Interest Entity, Policy [Policy Text Block] | Variable interest entity Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810, 810” 810 Under ASC 810, not not 1, no not The following assets and liabilities of the VIE are included in the accompanying consolidated financial statements of the Company as of February 28, 2019: Febru a ry 28, 2019 Current assets $ 2,674,890 Non-current assets - Total assets $ 2,674,890 Current liabilities $ 3,023,805 Non-current liabilities - Total liabilities $ 3,023,805 Operating Result of VIE February 28, 2019 Revenue 1,141,804 Cost of revenue (873,184 ) 268,620 Amortization & Depreciation (1,394 ) General & administrative expenses (294,472 ) Total operating expenses (295,866 ) Net loss from operations (27,246 ) Other income (expense): Interest income 396 Other Income 848 Total other income (expense) 1,244 Net Loss (26,002 ) |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements (continued) On October 2, 2017, No. 2017 13, 605 606 840 842 July 20, 2017 20 July 2017 not 606, 842, 3 05 X, 3 09 X 4 08 X. 606 842. not On November 22, 2017, No. 2017 14, 220 605 606 No. 116 33 10403.” 220, 605, 606, 605 10 S25 1 13 No. 116 606 10 S25 1 No. 33 10403. not In February 2018, No. 2018 02, 220, December 15, 2018, not In March 2018, 2018 05 740 No. 118 2018 05” December 22, 2017 No. 118 118” may not In July 2018, 2018 10, 842, 16 842, 842. not 842, 842. not In July 2018, 2018 11 842 1 842 2 not not 842 2016 02. 842 1 may first 842 2 may not The Company does not not |
Use of Estimates, Policy [Policy Text Block] | Use Of Estimates The preparation of the Company’s financial statements in conformity with generally accepted accounting principles of the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Actual results could differ from those estimates. |
Certain Risks And Uncertainties [Policy Text Block] | Certain Risks And Uncertainties The Company relies on cloud based hosting through a global accredited hosting provider. Management believes that alternate sources are available; however, disruption or termination of this relationship could adversely affect our operating results in the near-term. |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Identifiable Intangible Assets Identifiable intangible assets are recorded at cost and are amortized over 3 10 may not |
Property, Plant and Equipment, Impairment [Policy Text Block] | Impairment Of Long-Lived Assets The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite – lived intangible assets. Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not first not third The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company’s business strategy and its forecasts for specific market expansion. |
Receivable [Policy Text Block] | Accounts Receivable And Concentration Of Risk Accounts receivable, net is stated at the amount the Company expects to collect, or the net realizable value. The Company provides a provision for allowances that includes returns, allowances and doubtful accounts equal to the estimated uncollectible amounts. The Company estimates its provision for allowances based on historical collection experience and a review of the current status of trade accounts receivable. It is reasonably possible that the Company’s estimate of the provision for allowances will change. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash And Cash Equivalents Cash and cash equivalents represent cash on hand, demand deposits, and other short-term highly liquid investments placed with banks, which have original maturities of three |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at cost. Depreciation of property and equipment is provided using the straight-line method for financial reporting purposes at rates based on the estimated useful lives of the assets. Estimated useful lives range from three seven 360 45. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Basic (loss) earnings per share is based on the weighted average number of common shares outstanding during the period while the effects of potential common shares outstanding during the period are included in diluted earnings per share. FASB Accounting Standard Codification Topic 260 260” not 260 |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition The Company adopted ASC 606, 606” January 1, 2018 606 The Company has assessed the impact of the guidance by reviewing its existing customer contracts and current accounting policies and practices to identify differences that will result from applying the new requirements, including the evaluation of its performance obligations, transaction price, customer payments, transfer of control and principal versus agent considerations. Based on the assessment, the Company concluded that there was no 606 no 606. The Company recognizes revenue from providing hosting and integration services and licensing the use of its technology platform to its customers. The Company recognizes revenue when all of the following conditions are satisfied: ( 1 2 3 4 |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification (“ASC”) 740, 740” not not |