FingerMotion (FNGR) 10-Q 17 Jan 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Nov. 30, 2022	Jan. 13, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--02-28
Entity File Number	001-41187
Entity Registrant Name	FINGERMOTION, INC.
Entity Central Index Key	0001602409
Entity Tax Identification Number	20-0077155
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1460 Broadway
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	(347)
Local Phone Number	349-5339
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	FNGR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,316,635
Entity Information, Former Legal or Registered Name	None

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Current Assets
Cash and cash equivalents	$ 11,870,526	$ 461,933
Accounts receivable	3,784,178	4,875,149
Inventories		1,407
Prepayment and deposit	4,701,668	3,331,342
Other receivables	1,229,096	1,539,265
Total Current Assets	21,585,468	10,209,096
Non-current Assets
Equipment	78,753	26,808
Intangible assets	81,647	125,932
Right-of-use asset	155,657	5,069
Total Non-current Assets	316,057	157,809
TOTAL ASSETS	21,901,525	10,366,905
Current Liabilities
Accounts payable	1,322,620	3,588,289
Accrual and other payables	2,700,584	1,685,297
Convertible notes payable, current portion	730,000
Lease liability, current portion	118,864	5,069
Total Current Liabilities	4,872,068	5,278,655
Non-current Liabilities
Convertible notes payable, non-current portion	4,800,000
Lease liability, non-current portion	35,471
Total Non-current Liabilities	4,835,471
TOTAL LIABILITIES	9,707,539	5,278,655
SHAREHOLDERS’ EQUITY
Preferred stock, par value $.0001 per share; Authorized 1,000,000 shares; issued and outstanding -0- shares.
Common Stock, par value $.0001 per share; Authorized 200,000,000 shares; issued and outstanding 46,316,635 shares and 42,627,260 issued and outstanding at November 30, 2022 and February 28, 2022 respectively	4,632	4,263
Additional paid-in capital	35,052,222	21,730,941
Additional paid-in capital - stock options	356,328	356,328
Accumulated deficit	(22,655,652)	(17,152,172)
Accumulated other comprehensive income	(573,522)	137,911
Stockholders’ equity before non-controlling interests	12,184,008	5,077,271
Non-controlling interests	9,978	10,979
TOTAL SHAREHOLDERS’ EQUITY	12,193,986	5,088,250
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 21,901,525	$ 10,366,905

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Nov. 30, 2022	Feb. 28, 2022
Statement of Financial Position [Abstract]
Preferred stock, Par value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	46,316,635	42,627,260
Common Stock, Shares Outstanding	46,316,635	42,627,260

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations Unaudited - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Income Statement [Abstract]
Revenue	$ 11,402,935	$ 5,901,899	$ 21,241,015	$ 17,285,302
Cost of revenue	(10,544,321)	(4,934,824)	(19,587,546)	(15,001,674)
Gross profit	858,614	967,075	1,653,469	2,283,628
Amortization & Depreciation	(17,016)	(14,721)	(44,654)	(43,544)
General & administrative expenses	(1,635,800)	(1,521,114)	(4,151,219)	(4,145,775)
Marketing Cost	(64,012)	(240,299)	(290,592)	(384,381)
Research & Development	(180,158)	(158,055)	(589,909)	(438,033)
Stock compensation expenses	(823,431)	(96,891)	(1,367,909)	(579,437)
Total operating expenses	(2,720,417)	(2,031,080)	(6,444,283)	(5,591,170)
Net loss from operations	(1,861,803)	(1,064,005)	(4,790,814)	(3,307,542)
Other income (expense):
Interest income	1,791	955	3,248	2,672
Interest expense	(195,730)		(300,207)	(172,813)
Exchange gain (loss)	(174)	(619)	(792)	(2,298)
Other income	(465,802)	26,497	(415,916)	78,686
Total other income (expense)	(659,915)	26,833	(713,667)	(93,753)
Net loss before income tax	(2,521,718)	(1,037,172)	(5,504,481)	(3,401,295)
Income tax expenses
Net Loss	(2,521,718)	(1,037,172)	(5,504,481)	(3,401,295)
Less: Net profit attributable to the non-controlling interest	274	(553)	(1,001)	2,978
Net loss attributable to the Company’s shareholders	(2,521,992)	(1,036,619)	(5,503,480)	(3,404,273)
Other comprehensive income:
Foreign currency translation adjustments	(182,270)	85,965	(711,433)	58,611
Comprehensive loss	(2,704,262)	(950,654)	(6,214,913)	(3,345,662)
Less: comprehensive income (loss) attributable to non-controlling interest	(307)	171	(714)	168
Comprehensive loss attributable to the Company	$ (2,703,955)	$ (950,825)	$ (6,214,199)	$ (3,345,830)
NET LOSS PER SHARE
Loss Per Share - Basic	$ (0.06)	$ (0.02)	$ (0.13)	$ (0.08)
Loss Per Share - Diluted	$ (0.06)	$ (0.02)	$ (0.13)	$ (0.08)
NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY
Weighted Average Common Shares Outstanding - Basic	43,692,686	42,281,985	43,063,637	40,280,409
Weighted Average Common Shares Outstanding - Diluted	43,692,686	42,281,985	43,063,637	40,280,409

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statement of Shareholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Additional Paidin Capital Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Stockholders Equity [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Feb. 28, 2021	$ 3,890	$ 14,170,815		$ (12,208,728)	$ 140,906	$ 2,106,883	$ 8,083	$ 2,114,966
Beginning balance, shares at Feb. 28, 2021	38,903,494
Common stock issued for cash	$ 9	179,990				179,999		179,999
Common stock issued for cash, shares	86,666
Common stock issued for professional service	$ 1	9,999				10,000		10,000
Common stock issued for professional service, shares	5,000
Accumulated other comprehensive income					60,184	60,184		60,184
Net (Loss)				(911,890)		(911,890)	2,384	(909,506)
Ending balance, value at May. 31, 2021	$ 3,900	14,360,804		(13,120,618)	201,090	1,445,176	10,467	1,455,643
Beginning balance, shares at May. 31, 2021	38,995,160
Common stock issued for cash	$ 67	3,114,432				3,114,499		3,114,499
Common stock issued for cash, shares	673,900
Common stock issued for professional service	$ 5	259,995				260,000		260,000
Common stock issued for professional service, shares	55,000
Execution of convertible notes	$ 248	1,940,752				1,941,000		1,941,000
Execution of convertible notes, shares	2,477,200
Accumulated other comprehensive income					(87,538)	(87,538)		(87,538)
Net (Loss)				(1,455,764)		(1,455,764)	1,147	(1,454,617)
Ending balance, value at Aug. 31, 2021	$ 4,220	19,675,983		(14,576,382)	113,552	5,217,373	11,614	5,228,987
Beginning balance, shares at Aug. 31, 2021	42,201,260
Common stock issued for cash	$ 28	1,379,972				1,380,000		1,380,000
Common stock issued for cash, shares	276,000
Common stock issued for professional service		10,000				10,000		10,000
Common stock issued for professional service, shares	5,000
Accumulated other comprehensive income					85,965	85,965		85,965
Net (Loss)				(1,036,619)		(1,036,619)	(553)	(1,037,172)
Ending balance, value at Nov. 30, 2021	$ 4,248	21,065,955		(15,613,001)	199,517	5,656,719	11,061	5,667,780
Beginning balance, shares at Nov. 30, 2021	42,482,260
Beginning balance, value at Feb. 28, 2022	$ 4,263	21,730,941	356,328	(17,152,172)	137,911	5,077,271	10,979	5,088,250
Beginning balance, shares at Feb. 28, 2022	42,627,260
Common stock issued for cash
Common stock issued for professional service	$ 15	435,235				435,250		435,250
Common stock issued for professional service, shares	150,000
Accumulated other comprehensive income					(305,370)	(305,370)		(305,370)
Net (Loss)				(1,444,123)		(1,444,123)	(545)	(1,444,668)
Ending balance, value at May. 31, 2022	$ 4,278	22,166,176	356,328	(18,596,295)	(167,459)	3,763,028	10,434	3,773,462
Beginning balance, shares at May. 31, 2022	42,777,260
Common stock issued for cash
Common stock issued for professional service	$ 8	157,242				157,250		157,250
Common stock issued for professional service, shares	80,000
Accumulated other comprehensive income					(223,793)	(223,793)		(223,793)
Net (Loss)				(1,537,365)		(1,537,365)	(730)	(1,538,095)
Ending balance, value at Aug. 31, 2022	$ 4,286	22,323,418	356,328	(20,133,660)	(391,252)	2,159,120	9,704	2,168,824
Beginning balance, shares at Aug. 31, 2022	42,857,260
Common stock issued for cash	$ 308	12,019,692				12,020,000		12,020,000
Common stock issued for cash, shares	3,077,500
Common stock issued for professional service	$ 38	709,112				709,150		709,150
Common stock issued for professional service, shares	381,875
Accumulated other comprehensive income					(182,270)	(182,270)		(182,270)
Net (Loss)				(2,521,992)		(2,521,992)	274	(2,521,718)
Ending balance, value at Nov. 30, 2022	$ 4,632	$ 35,052,222	$ 356,328	$ (22,655,652)	$ (573,522)	$ 12,184,008	$ 9,978	$ 12,193,986
Beginning balance, shares at Nov. 30, 2022	46,316,635

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Statement of Cash Flows [Abstract]
Net (loss)	$ (5,504,481)	$ (3,401,295)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Share based compensation expenses	1,635,155	579,437
Amortization and depreciation	44,654	43,544
Impairment of fixed assets	1,261
Change in operating assets and liabilities:
(Increase) decrease in accounts receivable	555,729	760,120
(Increase) decrease in prepayment and deposit	(1,695,534)	(2,798,735)
(Increase) decrease in others receivable	141,173	(646,529)
(Increase) decrease in inventories	1,253	(14,508)
Increase (decrease) in accounts payable	(1,871,709)	(798,171)
Increase (decrease) in accrual and other payables	1,093,377	1,156,637
Increase (decrease) in due to lease liability	(1,322)	(3,191)
Net Cash provided by (used in) operating activities	(5,600,444)	(5,122,691)
Cash flows from investing activities
Purchase of equipment	(67,761)	(13,776)
Net cash provided by (used in) investing activities	(67,761)	(13,776)
Cash flows from financing activities
Proceed from convertible note	5,530,000
Proceed from loan payable		299,695
Advances from stock subscription payables		390,000
Common stock issued for cash	12,020,000	4,674,498
Net cash provided by (used in) financing activities	17,550,000	5,364,193
Effect of exchange rates on cash and cash equivalents	(473,202)	38,005
Net change in cash	11,408,593	265,731
Cash at beginning of period	461,933	850,717
Cash at end of period	11,870,526	1,116,448
Major non-cash transactions:
Conversion of loan payables to shares		1,941,000
Supplemental disclosures of cash flow information:
Interest paid
Taxes paid

Nature of Business and Basis of

Nature of Business and Basis of Presentation	9 Months Ended
	Nov. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Basis of Presentation	Note 1 – Nature of Business and Basis of Presentation FingerMotion, Inc. fka Property Management Corporation of America (the “Company”) was incorporated on January 23, 2014, under the laws of the State of Delaware. The Company then offered management and consulting services to residential and commercial real estate property owners who rent or lease their property to third-party tenants. The Company changed its name to FingerMotion, Inc. on July 13, 2017, after a change in control. In July 2017 the Company acquired all of the outstanding shares of Finger Motion Company Limited (“FMCL”), a Hong Kong corporation that is an information technology company which specialize in operating and publishing mobile games. Pursuant to the Share Exchange Agreement with FMCL, effective July 13, 2017 (the “Share Exchange Agreement”, the Company agreed to exchange the outstanding equity stock of FMCL held by the FMCL Shareholders for shares of common stock of the Company. At the Closing Date, the Company issued 12,000,000 600,000 The transaction was accounted for as a “reverse acquisition” since, immediately following completion of the transaction, the shareholders of FMCL effectuated control of the post-combination Company. For accounting purposes, FMCL was deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of FMCL (i.e., a capital transaction involving the issuance of shares by the Company for the shares of FMCL). Accordingly, the consolidated assets, liabilities, and results of operations of FMCL became the historical financial statements of FingerMotion, Inc. and its subsidiaries, and the Company’s assets, liabilities and results of operations were consolidated with FMCL beginning on the acquisition date. No step-up in basis or intangible assets or goodwill were recorded in this transaction. As a result of the Share Exchange Agreement and the other transactions contemplated thereunder, FMCL became a wholly owned subsidiary of the Company. FMCL, a Hong Kong corporation, was formed in April 6, 2016. On October 16, 2018, the Company through its indirect wholly-owned subsidiary, Shanghai JiuGe Business Management Co., Ltd. (“JiuGe Management”), entered into a series of agreements known as variable interest agreements (the “VIE Agreements”) pursuant to which Shanghai JiuGe Information Technology Co., Ltd. (“JiuGe Technology”) became JiuGe Management’s contractually controlled affiliate. The use of VIE agreements is a common structure used to acquire PRC corporations, particularly in certain industries in which foreign investment is restricted or forbidden by the PRC government. The VIE Agreements include a Consulting Services Agreement, a Loan Agreement, a Power of Attorney Agreement, a Call Option Agreement, and a Share Pledge Agreement in order to secure the connection and commitments of JiuGe Technology. On March 7, 2019, JiuGe Technology also acquired 99% of the equity interest of Beijing XunLian (“BX”), a subsidiary that provides bulk distribution of SMS messages for JiuGe customers at discounted rates. Finger Motion Financial Company Limited was incorporated on January 24, 2020, and is 100% owned by FingerMotion, Inc. The company has been activated for the insurtech business during the last quarter of the fiscal year where the Big Data division secured its first contract and recorded revenue. Shanghai TengLian JiuJiu Information Communication Technology Co., Ltd. was incorporated on December 23, 2020, for the purpose of venturing into mobile phone sales in China. It is 99% owned by JiuGe Technology. On February 5, 2021, JiuGe Technology disposed of its 99% owned subsidiary, Suzhou BuGuNiao Digital Technology Co., Ltd which was established to venture into R&D projects.

Summary of Principal Accounting

Summary of Principal Accounting Policies	9 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Summary of Principal Accounting Policies	Note 2 - Summary of Principal Accounting Policies Principles of Consolidation and Presentation The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The condensed 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. Variable interest entity Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements, the financial statements of its variable interest entities (“VIEs”). ASC 810 requires a VIE to be consolidated if that company is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. VIEs are those entities in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity. Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE. The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de - facto agents, have the unilateral ability to exercise those rights. JiuGe Technology’s actual stockholders do not hold any kick-out rights that affect the consolidation determination. Through the VIE agreements disclosed in Note 1, the Company is deemed the primary beneficiary of JiuGe Technology. Accordingly, the results of JiuGe Technology have been included in the accompanying consolidated financial statements. JiuGe Technology has no assets that are collateral for or restricted solely to settle their obligations. The creditors of JiuGe Technology do not have recourse to the Company’s general credit. The following assets and liabilities of the VIE and VIE’s subsidiaries are included in the accompanying condensed consolidated financial statements of the Company as of November 30, 2022 and February 28, 2022: Assets and liabilities of the VIE Schedule of variable interest entity November 30, 2022 February 28, 2022 (unaudited) Current assets $ 6,860,956 $ 4,503,346 Non-current assets 222,356 21,042 Total assets $ 7,083,312 $ 4,524,388 Current liabilities $ 11,613,194 $ 8,556,844 Non-current liabilities 35,471 — Total liabilities $ 11,648,665 $ 8,556,844 Assets and liabilities of the VIE’s Subsidiaries November 30, 2022 February 28, 2022 (unaudited) Current assets $ 4,303,806 $ 5,330,206 Non-current assets 7,390 9,121 Total assets $ 4,311,196 $ 5,339,327 Current liabilities $ 3,359,261 $ 4,162,414 Non-current liabilities — — Total liabilities $ 3,359,261 $ 4,162,414 Operating Result of VIE For the For the (unaudited) (unaudited) Revenue $ 11,632,351 $ 2,412,523 Cost of revenue (10,492,448 ) (727,879 ) Gross profit (loss) $ 1,139,903 $ 1,684,644 Amortization and depreciation (8,626 ) (5,961 ) General and administrative expenses (1,664,299 ) (1,702,284 ) Marketing cost (258,256 ) (321,846 ) Research & development (295,527 ) (438,033 ) Total operating expenses $ (2,226,708 ) $ (2,468,124 ) Profit (loss) from operations $ (1,086,805 ) $ (783,480 ) Interest income 3,122 2,569 Other income 64,086 13,996 Total other income (expense) $ 67,208 $ 16,565 Tax expense — — Net profit (loss) $ (1,019,597 ) $ (766,915 ) Operating Result of VIE’s Subsidiaries For the For the (unaudited) (unaudited) Revenue $ 9,358,664 $ 14,741,361 Cost of revenue (9,095,097 ) (14,003,795 ) Gross profit (loss) $ 263,567 $ 737,566 Amortization and depreciation (763 ) (719 ) General and administrative expenses (269,281 ) (441,202 ) Marketing cost (32,336 ) (62,535 ) Research & development (61,365 ) — Total operating expenses $ (363,745 ) $ (504,456 ) Profit (loss) from operations $ (100,178 ) $ 233,110 Interest income 95 41 Other income 1 64,690 Total other income (expense) $ 96 $ 64,731 Tax expense — — Net profit (loss) $ (100,082 ) $ 297,841 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 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. Identifiable Intangible Assets Identifiable intangible assets are recorded at cost and are amortized over 3 10 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 be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy, or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary. 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 the 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. 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. Lease Operating and finance lease right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is derived from information available at the lease commencement date and represents the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. The right-of-use asset includes any lease payments made and lease incentives received prior to the commencement date. Operating lease right-of-use assets also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The right-of-use assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. 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 months or less and are readily convertible to known amounts of cash. 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 3 7 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 (“ASC 260”), “Earnings Per Share,” requires that employee equity share options, non-vested shares and similar equity instruments granted to employees be treated as potential common shares in computing diluted earnings per share. Diluted earnings per share should be based on the actual number of options or shares granted and not yet forfeited, unless doing so would be anti-dilutive. The Company uses the “treasury stock” method for equity instruments granted in share-based payment transactions provided in ASC 260 to determine diluted earnings per share. Antidilutive securities represent potentially dilutive securities which are excluded from the computation of diluted earnings or loss per share as their impact was antidilutive. Revenue Recognition The Company adopted ASC 606, Revenue from Contracts with Customers (“ASC 606”) beginning on January 1, 2018 using the modified retrospective approach. ASC 606 establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. 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 change to the timing and pattern of revenue recognition for its current revenue streams in scope of ASC 606 and therefore there was no material changes to the Company’s consolidated financial statements upon adoption of ASC 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) there is persuasive evidence of an arrangement; (2) the service has been provided to the customer (for licensing, revenue is recognized when the Company’s technology is used to provide hosting and integration services); (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of fees is probable. We account for our multi-element arrangements, such as instances where we design a custom website and separately offer other services such as hosting, which are recognized over the period for when services are performed. Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes” (“ASC 740”). Under this method, income tax expense is recognized as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred tax assets will not be realized. Non-controlling interest Non-controlling interests held 1% of the shares of two of our subsidiaries are recorded as a component of our equity, separate from the Company’s equity. Purchase or sales of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings. Recently Issued Accounting Pronouncements The Company does not believe recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

Going Concern

Going Concern	9 Months Ended
	Nov. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Note 3 - Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of $ 22,655,652 17,152,172 5,504,481 3,401,295 The Company’s continuation as a going concern depends on its ability to obtain additional financing to fund operations, implement its business model, and ultimately, attain profitable operations. The Company will need to secure additional funds through various means, including equity and debt financing or any similar financing. There can be no assurance that the Company can obtain additional equity or debt financing, if and when needed, on terms acceptable to the Company, or at all. Any additional equity or debt financing may involve substantial dilution to the Company’s stockholders, restrictive covenants, or high interest costs. The Company’s long-term liquidity also depends upon its ability to generate revenues and achieve profitability.

Revenue

Revenue	9 Months Ended
	Nov. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 4 - Revenue We recorded $ 21,241,015 17,285,302 Schedule of revenue For the nine months ended November 30, November 30, (unaudited) (unaudited) Telecommunication Products & Services $ 14,673,364 $ 6,730,108 SMS & MMS Business 6,317,651 10,423,776 Big Data 250,000 131,418 $ 21,241,015 $ 17,285,302

Equipment

Equipment	9 Months Ended
	Nov. 30, 2022
Property, Plant and Equipment [Abstract]
Equipment	Note 5 – Equipment At November 30, 2022 and February 28, 2022, the Company has the following amounts related to tangible assets: Schedule of property, plant and equipment November 30, February 28, (unaudited) Equipment $ 113,310 $ 62,347 Less: accumulated depreciation (34,557 ) (35,539 ) Net equipment $ 78,753 $ 26,808 No significant residual value is estimated for the equipment. Depreciation expenses for the nine months ended November 30, 2022 and 2021 totaled $ 12,823 10,618

Intangible Assets

Intangible Assets	9 Months Ended
	Nov. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 6 – Intangible Assets At November 30, 2022 and February 28, 2022, the Company has the following amounts related to intangible assets: Schedule of intangible assets November 30, February 28, (unaudited) Licenses $ 200,000 $ 200,000 Mobile applications 207,567 233,167 407,567 433,167 Less: accumulated amortization (284,875 ) (266,190 ) Impairment of intangible assets (41,045 ) (41,045 ) Net intangible assets $ 81,647 $ 125,932 No significant residual value is estimated for these intangible assets. Amortization expenses for the nine months ended November 30, 2022 and 2021 totaled $ 31,831 32,926

Prepayment and Deposit

Prepayment and Deposit	9 Months Ended
	Nov. 30, 2022
Prepayment And Deposit
Prepayment and Deposit	Note 7 – Prepayment and Deposit Prepaid expenses consist of the deposit pledge to the vendor for stock credits for resale. Our current vendors are China Unicom and China Mobile for our Telecommunication Products & Services business and our SMS & MMS business. Deposits include payments placed into the e-commerce platforms where we offer our products and services. The platforms are PinDuoDuo, Tmall, and JD.com. Schedule of prepaid expense November 30, February 28, (unaudited) Telecommunication Products & Services Deposit Paid / Prepayment $ 2,610,008 $ 2,396,550 Deposit received — — Net Prepaid expenses for Telecommunication Products & Services $ 2,610,008 $ 2,396,550 Others prepayment 1,470,009 369,256 Prepayment and deposit $ 4,080,017 $ 2,765,806 November 30, February 28, (unaudited) SMS & MMS Business Deposit Paid / Prepayment $ 621,651 $ 565,536 Deposit received Net Prepaid expenses for SMS $ 621,651 $ 565,536 Others prepayment — — Prepayment and deposit $ 621,651 $ 565,536

Right-of-use Asset and Lease Li

Right-of-use Asset and Lease Liability	9 Months Ended
	Nov. 30, 2022
Right-of-use Asset And Lease Liability
Right-of-use Asset and Lease Liability	Note 8 – Right-of-use Asset and Lease Liability The Company has entered into lease agreements with various third parties. The terms of operating leases are one to two years. These operating leases are included in "Right-of-use Asset" on the Company's Condensed Consolidated Balance Sheet and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligations to make lease payments are included in "Lease liability" on the Company's Condensed Consolidated Balance Sheet. Additionally, the Company has entered into various short-term operating leases with an initial term of twelve months or less. These leases are not recorded on the Company's Condensed Consolidated Balance Sheet. All operating lease expense is recognized on a straight-line basis over the lease term in the nine months ended November 30, 2022. Information related to the Company's right-of-use assets and related lease liabilities were as follows: Schedule of operating leases assets and liabilities November 30, February 28, Right-of-use asset (unaudited) Right-of-use asset, net $ 155,657 $ 5,069 Lease liability Current lease liability $ 118,864 $ 5,069 Non-current lease liability 35,471 — Total lease liability $ 154,335 $ 5,069 Remaining lease term and discount rate November 30, Weighted-average remaining lease term 17 Weighted-average discount rate 4.75 % Commitments The following table summarizes the future minimum lease payments due under the Company’s operating leases as of November 30, 2022: Schedule of future minimum lease payments due 2023 $ 123,629 Thereafter 35,791 Less: imputed interest (5,085 ) Total lease liability $ 154,335

Convertible Notes Payable

Convertible Notes Payable	9 Months Ended
	Nov. 30, 2022
Debt Disclosure [Abstract]
Convertible Notes Payable	Note 9 - Convertible Notes Payable A Note Payable having a Face Value of $ 730,000 20 April 30, 2023 0.0001 4.00 A secured, two-year, interest-free convertible promissory note with a principal amount of $ 4,800,000 0.0001 2.00 An event of default under the Note occurred on November 4, 2022 and on November 21, 2022 pursuant to section 2.1(e) of the Note in relation to the closing of our private placements of shares of common stock in the aggregate amount of 2,887,500 4.00 11,550,000 Section 2.2 of the Note provides for the remedies upon an event of default, which as described in the Note, the holder may at any time at its option declare the Note immediately due and payable at an amount of 110% or 120% of the outstanding principal amount (the “Mandatory Default Amount”) depending on the type of event of default. In addition, upon an event of default, subject to any applicable cure periods, the holder may (a) from time-to-time demand that all or a portion of the outstanding principal amount be converted into shares of our common stock at the lower of (i) the conversion price (currently $2.00 per share) and (ii) 80% of the average of the three (3) lowest daily VWAPs during the twenty (20) days prior to the delivery of the conversion notice, or (b) exercise or otherwise enforce any one or more of the holder’s rights, powers, privileges, remedies and interests under the Note, the Purchase Agreement, the other transaction documents or applicable law. The Mandatory Default Amount for an event of default under Section 2.1(e) of the Note is 110% of the outstanding principal amount of the Note, which is $ 5,280,000 In addition, section 5.7 of the Purchase Agreement provides that if we issued any equity interests, other than “Exempted Securities” (as defined in the Purchase Agreement), for aggregate proceeds to us of greater than $10,000,000 during the term of the Purchase Agreement, excluding offering costs and other expenses, unless otherwise waived in writing by and at the discretion of the holder, we will direct 25% of such proceeds from such issuance to repay the Note. We have advised the holder that the aggregate Private Placement Proceeds exceeds $10,000,000 and the holder does not seek to waive or require payment of 25% of the proceeds as repayment of the Note.

Common Stock

Common Stock	9 Months Ended
	Nov. 30, 2022
Equity [Abstract]
Common Stock	Note 10 - Common Stock The Company issued 12,705,541 5,665,533 8,858,207 The Company issued 500,000 2.00 1,000,000 The Company cancelled 150,000 On March 29, 2021, the Company issued 10,000 shares of our common stock at $2.00 per share to one individual pursuant to the exercise of warrants. On April 14, 2021, the Company issued 5,000 shares of our common stock at price of $2.00 per share to one individual pursuant to a consulting agreement. On May 7, 2021, the Company issued (i) 70,000 shares of our common stock at $2.00 per share to 2 individuals and one entity pursuant to the exercise of warrants, and (ii) 6,666 shares of our common stock at $3.00 to one entity pursuant to the exercise of warrants. On June 1, 2021, the Company issued 25,000 shares of our common stock at a deemed price of $5.00 per shares to one individual pursuant to a consulting agreement. On July 13, 2021, the Company issued (i) 568,900 shares of our common stock at price of $5.00 per share to 17 individuals and 2 entities (ii) 45,000 shares of our common stock at $2.00 per share to 2 individuals pursuant to the exercise of warrants, (iii) 60,000 shares of our common stock at $3.00 per share to one individual pursuant to the exercise of warrants, (iv) 5,000 shares of our common stock at deemed price of $2.00 per share to one individual pursuant to a consulting agreement, and (v) 25,000 shares of our common stock at a deemed price of $5.00 per share to one individual pursuant to a consulting agreement. On November 16, 2021, the Company issued 218,000 shares of common stock at $2.50 per share and 700,000 shares of common stock at $0.50 per share to one individual pursuant to the conversion of promissory notes. On November 27, 2021, the Company issued 1,500,000 shares of common stock at $0.50 per share and 59,200 shares of common stock at $5.00 per share to one individual pursuant to the conversion of promissory notes. On October 28, 2021, the Company issued 5,000 shares of our common stock at a deemed price of $2.00 per share to one individual pursuant to a consulting agreement. On November 5, 2021, the Company issued 276,000 shares of our common stock at price of $5.00 per share to 4 individuals. On December 7, 2021, the Company issued 30,000 shares of our common stock at price of $3.00 per share to 2 individuals pursuant to the exercise of warrants. On January 7, 2022, the Company issued 55,000 shares of our common stock at a deemed price of $5.00 per share to two entities pursuant to a consulting agreement. On January 12, 2022, the company cancelled 15,000 shares of our common stock issued to 1 individual pursuant to a consulting agreement. On February 4, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $5.00 per share to one entity pursuant to a consulting agreement. On February 7, 2022, the Company issued 70,000 shares of our common stock at price of $5.00 per share to 4 individuals On March 7, 2022 the Company issued 5,000 shares of our common stock at a deemed price of $5.00 per share to one entity pursuant to a consulting agreement. On March 23, 2022, the Company issued 10,000 shares of our common stock at a deemed price of $3.66 per share to one individual pursuant to a consulting agreement. On March 23, 2022, the Company issued an aggregate of 25,000 shares of our common stock at a deemed price of $2.85 per share to two individuals and one entity pursuant to consulting agreements. On April 14, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $5.00 per share to one entity pursuant to a consulting agreement. On April 28, 2022, the Company issued 50,000 shares of our common stock at a deemed price of $2.61 per share to one entity pursuant to a consulting agreement. On April 28, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $2.56 per share to one entity pursuant to a consulting agreement. On April 28, 2022, the Company issued 20,000 shares of our common stock at a deemed price of $2.51 per share to one individual pursuant to a consulting agreement. On May 10, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $5.00 per share to one entity pursuant to a consulting agreement. On May 10, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $3.66 per share to one individual pursuant to a consulting agreement. On May 12, 2022, the Company issued 20,000 shares of our common stock at a deemed price of $2.03 per share to one entity pursuant to a consulting agreement as amended. On July 5, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $5.00 per share to one entity pursuant to a consulting agreement. On July 5, 2022, the Company issued an aggregate of 25,000 shares of our common stock at a deemed price of $2.85 per share to two individuals and one entity pursuant to consulting agreements. On August 3, 2022, the Company issued 50,000 shares of our common stock at a deemed price of $1.22 per share to one entity pursuant to a consulting agreement. On October 19, 2022, the Company issued an aggregate of 25,000 shares of our common stock at a deemed price of $2.85 per share to two individuals and one entity pursuant to consulting agreements. On October 19, 2022, the Company issued 20,000 shares of our common stock at a deemed price of $1.70 per share to one entity pursuant to a consulting agreement. On October 19, 2022, the Company issued 10,000 shares of our common stock at a deemed price of $3.66 per share to one individual pursuant to a consulting agreement. On October 19, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $2.56 per share to one entity pursuant to a consulting agreement. On October 24, 2022, the Company issued 100,000 shares of our common stock at price of $2.00 per share to 2 individuals pursuant to the exercise of warrants. On October 24, 2022, the Company issued 70,000 shares of our common stock at price of $3.00 per share to one individual pursuant to the exercise of warrants. On November 3, 2022, the Company issued 20,000 shares of our common stock at price of $3.00 per share to 2 individuals pursuant to the exercise of warrants. On November 3, 2022, the Company issued 5,000 shares of our common stock at a deemed price of $1.70 per share to one entity pursuant to a consulting agreement. On November 3, 2022, the Company issued 25,000 shares of our common stock at a deemed price of $1.22 per share to one entity pursuant to a consulting agreement. On November 3, 2022, the Company issued 200,000 shares of our common stock at a deemed price of $0.74 per share to one individual pursuant to a consulting agreement. On November 4, 2022, the Company issued an aggregate of 1,887,500 shares of common stock at a price of $4.00 per share to eleven individuals due to the closing of its private placement at $4.00 per share for aggregate gross proceeds of $7,550,000. In connection with the closing of the private placement on November 4, 2022, the Company issued 91,875 shares of common stock at price of $4.00 per share for a total value of $367,500 to one individual as finder’s fees. On November 21, 2022, the Company issued 1,000,000 shares of common stock at a price of $4.00 per share to one entity due to the closing of its private placement at $4.00 per share for aggregate gross proceeds of $4,000,000. Stock Purchase Warrants A continuity schedule of outstanding stock purchase warrants as of November 30, 2022, and the changes during the periods, is as follows: Schedule of outstanding share purchase warrants Number of Weighted Average Balance, February 28, 2020 — $ — Issued in Connection with October 2020 Offering 488,500 $ 2.10 Issued in Connection with January 2021 Offering 1,604,334 $ 3.00 Exercised (25,000 ) $ 2.00 Balance, February 28, 2021 2,067,834 $ 2.80 Exercised (221,666 ) $ 2.44 Balance, February 28, 2022 1,846,168 $ 2.84 Issued in Connection with August 2022 Offering 3,478,261 $ 1.75 Issued in Connection with August 2022 Offering 168,000 $ 1.75 Issued in Connection with September 2022 Offering 350,000 $ 5.00 Issued in Connection with November 2022 Offering 28,312 $ 8.22 Issued in Connection with November 2022 Offering 10,000 $ 6.70 Expired (50,000 ) $ 3.00 Exercised (100,000 ) $ 2.00 Exercised (90,000 ) $ 3.00 Balance, November 30, 2022 5,640,741 $ 2.32 During Fiscal 2022 and Fiscal 2021, we received cash proceeds totaling $ 539,998 50,000 On August 9, 2022, the Company entered into a Securities Purchase Agreement with an investor (the “Investor”), pursuant to which the Company issued to the Investor a common stock purchase warrant (the “Warrant”) to acquire 3,478,261 shares of common stock of the Company, which is subject to reduction by 50% upon effectiveness of the registration statement covering the underlying shares. On October 19, 2022, the Company’s board of directors authorized a six month extension to the expiry date of the common stock purchase warrants that the Company issued on October 19, 2020 which have an expiry date of October 19, 2022 and an exercise price of $2.00 per share (the “October 2020 Warrants”). The new expiry date of the October 2020 Warrants is April 19, 2023. In addition, 50,000 stock purchase warrants at an exercise price of $3.00 per share have expired. During the quarter ended November 30, 2022, the Company received $470,000 from the exercise of warrants for the purchase of 100,000 shares of common stock of the Company at a price of $2.00 per share from 2 individuals and the purchase of 90,000 shares of common stock of the Company at a price of $3.00 per shares from 3 individuals. On November 29, 2022, the Company issued 168,000 common stock purchase warrants to purchase 168,000 shares of its common stock at a price of $1.75 per share until August 9, 2027 to The Benchmark Company, LLC (“Benchmark”) pursuant to a financial advisory agreement. On November 29, 2022, the Company issued 28,312 common stock purchase warrants to purchase 28,312 shares of its common stock at a price of $8.22 per share until November 4, 2025, to Benchmark pursuant to a financial advisory agreement. On November 29, 2022, the Company issued 10,000 common stock purchase warrants to purchase 10,000 shares of its common stock at a price of $6.70 per share until November 21, 2025, to Benchmark pursuant to a financial advisory agreement. A summary of stock purchase warrants outstanding and exercisable as of November 30, 2022 is as follows: Schedule of share purchase warrants outstanding and exercisable Number of Warrants Remaining Contractual Exercise Price Outstanding Life (Years) Expiry Date $ 2.00 188,500 0.38 19-Apr-2023 $ 3.00 1,417,668 0.12 13-Jan-2023 $ 1.75 3,646,261 4.69 9-Aug-2027 $ 5.00 350,000 1.80 19-Sep-2024 $ 8.22 28,312 2.93 4-Nov-2025 $ 6.70 10,000 2.98 21-Nov-2025 $ 2.32 5,640,741 Stock Options On December 28, 2021, we granted an aggregate of 4,545,000 stock options pursuant to our 2021 Stock Incentive Plan having an exercise price of $8.00 per share and an expiry date of five years from the date of grant to 40 individuals who were directors, officers, employees and consultants of the Company. We relied upon the exemption from registration under the U.S. Securities Act provided by Rule 903 of Regulation S promulgated under the U.S. Securities Act for the grant of stock options to individuals who are non-U.S. persons and upon the exemption from registration under Section 4(a)(2) of the U.S. Securities Act for two individuals who are U.S. persons. The stock options are all subject to vesting provisions of 20% on the date of grant and 20% on each of the first, second, third, and fourth anniversary of the date of grant. The fair value of these stock options was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions: Schedule of valuation assumptions November 30, February 28, Expected Risk-Free Interest Rate 1.06 % 1.06 % Expected Volatility 15.27 % 15.27 % Expected Life in Years 5.0 5.0 Expected Dividend Yield — — Weighted-Average Grant Date Fair Value $ 6.46 $ 6.46 A continuity schedule of outstanding stock options as of November 30, 2022, and the changes during the nine months periods, is as follows: Schedule of stock option activity Number of Stock Options Exercise Price Balance, February 28, 2022 4,545,000 $ 8.00 Granted — — Cancelled/Forfeited (974,000 ) 8.00 Expired — — Balance, November 30, 2022 3,571,000 $ 8.00 The table below sets forth the number of issued shares and cash received upon exercise of stock options: Schedule of number of issued shares and cash received upon exercise of stock options November 30, February 28, Number of Options Exercised on Forfeiture Basis — — Number of Options Exercised on Cash Basis — — Total Number of Options Exercised — — Number of Shares Issued on Cash Exercise — — Number of Shares Issued on Forfeiture Basis — — Total Number of Shares Issued Upon Exercise of Options — — Cash Received from Exercise of Stock Options $ — $ — Total Intrinsic Value of Options Exercised $ — $ — A continuity schedule of outstanding unvested stock options at November 30, 2022, and the changes during the nine months period, is as follows: Schedule of unvested restricted stock Number of Unvested Weighted Average Stock Options Grant Date Fair Value Balance, February 28, 2021 — — Granted 4,545,000 $ 6.46 Vested (909,000 ) $ 6.46 Balance, February 28, 2022 3,636,000 $ 6.46 Granted — — Vested — — Cancel / Forfeited (779,200 ) 6.46 Balance, November 30, 2022 2,856,800 $ 6.46 As of November 30, 2022, the aggregate intrinsic value of all outstanding stock options granted was estimated at $ 0 A summary of stock options outstanding and exercisable as of November 30, 2022 is as follows: Schedule of stock options Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at November 30, 2022 Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at November 30, 2022 Exercise Price Weighted Average Remaining Contractual Term (Years) $ 7.00 9.00 2,856,800 $ 8.00 4.08 714,200 $ 8.00 4.08 2,856,800 $ 8.00 4.08 714,200 $ 8.00 4.08

Earnings Per Share

Earnings Per Share	9 Months Ended
	Nov. 30, 2022
NET LOSS PER SHARE
Earnings Per Share	Note 11 - Earnings Per Share The following table sets forth the computation of basic and diluted earnings per common share: Schedule of basic and diluted earnings per common share For the nine months ended November 30, November 30, Numerator - basic and diluted Net Loss $ (5,504,481 ) $ (3,401,295 ) Denominator Weighted average number of common shares outstanding —basic 43,063,637 40,280,409 Weighted average number of common shares outstanding —diluted 43,063,637 40,280,409 Loss per common share — basic $ (0.13 ) $ (0.08 ) Loss per common share — diluted $ (0.13 ) $ (0.08 )

Income Taxes

Income Taxes	9 Months Ended
	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 - Income Taxes The Company and its subsidiaries file separate income tax returns. The United States of America FingerMotion, Inc. is incorporated in the State of Delaware in the U.S. and is subject to a U.S. federal corporate income tax of 21 Hong Kong Finger Motion Company Limited is incorporated in Hong Kong and Hong Kong’s profits tax rate is 16.5 The People’s Republic of China (PRC) JiuGe Management, JiuGe Technology, Beijing XunLian and Shanghai TengLian JiuJiu were incorporated in the People’s Republic of China and subject to PRC income tax at 25 Income tax mainly consists of foreign income tax at statutory rates and the effects of permanent and temporary differences. The Company’s effective income tax rates for the nine months ended November 30, 2022 and 2021 are as follows: Schedule of effective income tax rate reconciliation For the nine months ended November 30, November 30, (unaudited) (unaudited) U.S. statutory tax rate 21.0 % 21.0 % Foreign income not registered in the U.S. (21.0 %) (21.0 %) PRC profit tax rate 25.0 % 25.0 % Changes in valuation allowance and others (25.0 %) (25.0 %) Effective tax rate 0.0 % 0.0 % At November 30, 2022 and February 28, 2022, the Company has a deferred tax asset of $ 1,375,870 1,235,861 1,375,870 1,235,861 Schedule of deferred tax assets and liabilities November 30, February 28, (unaudited) Deferred tax asset from operating losses carry-forwards $ 1,375,870 $ 1,235,861 Valuation allowance (1,375,870 ) (1,235,861 ) Deferred tax asset, net $ — $ —

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Nov. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 - Commitments and Contingencies On August 9, 2022, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the Investor, pursuant to which the Company issued to the Investor the Note in the principal amount of $ 4,800,000 3,478,261 An event of default under the Note occurred on November 4, 2022 and on November 21, 2022 pursuant to section 2.1(e) of the Note in relation to the closing of our private placements of shares of common stock in the aggregate amount of 2,887,500 4.00 11,550,000 Section 2.2 of the Note provides for the remedies upon an event of default, which as described in the Note, the holder may at any time at its option declare the Note immediately due and payable at an amount of 110% or 120% of the outstanding principal amount (the “Mandatory Default Amount”) depending on the type of event of default. In addition, upon an event of default, subject to any applicable cure periods, the holder may (a) from time-to-time demand that all or a portion of the outstanding principal amount be converted into shares of our common stock at the lower of (i) the conversion price (currently $2.00 per share) and (ii) 80% of the average of the three (3) lowest daily VWAPs during the twenty (20) days prior to the delivery of the conversion notice, or (b) exercise or otherwise enforce any one or more of the holder’s rights, powers, privileges, remedies and interests under the Note, the Purchase Agreement, the other transaction documents or applicable law. The Mandatory Default Amount for an event of default under Section 2.1(e) of the Note is 110% of the outstanding principal amount of the Note, which is $ 5,280,000 In addition, section 5.7 of the Purchase Agreement provides that if we issued any equity interests, other than “Exempted Securities” (as defined in the Purchase Agreement), for aggregate proceeds to us of greater than $10,000,000 during the term of the Purchase Agreement, excluding offering costs and other expenses, unless otherwise waived in writing by and at the discretion of the holder, we will direct 25% of such proceeds from such issuance to repay the Note. We have advised the holder that the aggregate Private Placement Proceeds exceeds $10,000,000 and the holder does not seek to waive or require payment of 25% of the proceeds as repayment of the Note. Legal proceedings The Company is not aware of any material outstanding claim and litigation against them.

Subsequent Events

Subsequent Events	9 Months Ended
	Nov. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 14 - Subsequent Events Except for the above, the Company has determined that it does not have any material subsequent events to disclose in these consolidated financial statements.

Summary of Principal Accounti_2

Summary of Principal Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Presentation	Principles of Consolidation and Presentation The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The condensed 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.
Variable interest entity	Variable interest entity Pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810, “Consolidation” (“ASC 810”), the Company is required to include in its consolidated financial statements, the financial statements of its variable interest entities (“VIEs”). ASC 810 requires a VIE to be consolidated if that company is subject to a majority of the risk of loss for the VIE or is entitled to receive a majority of the VIE’s residual returns. VIEs are those entities in which a company, through contractual arrangements, bears the risk of, and enjoys the rewards normally associated with ownership of the entity, and therefore the company is the primary beneficiary of the entity. Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE. The reporting entity’s determination of whether it has this power is not affected by the existence of kick-out rights or participating rights, unless a single enterprise, including its related parties and de - facto agents, have the unilateral ability to exercise those rights. JiuGe Technology’s actual stockholders do not hold any kick-out rights that affect the consolidation determination. Through the VIE agreements disclosed in Note 1, the Company is deemed the primary beneficiary of JiuGe Technology. Accordingly, the results of JiuGe Technology have been included in the accompanying consolidated financial statements. JiuGe Technology has no assets that are collateral for or restricted solely to settle their obligations. The creditors of JiuGe Technology do not have recourse to the Company’s general credit. The following assets and liabilities of the VIE and VIE’s subsidiaries are included in the accompanying condensed consolidated financial statements of the Company as of November 30, 2022 and February 28, 2022: Assets and liabilities of the VIE Schedule of variable interest entity November 30, 2022 February 28, 2022 (unaudited) Current assets $ 6,860,956 $ 4,503,346 Non-current assets 222,356 21,042 Total assets $ 7,083,312 $ 4,524,388 Current liabilities $ 11,613,194 $ 8,556,844 Non-current liabilities 35,471 — Total liabilities $ 11,648,665 $ 8,556,844 Assets and liabilities of the VIE’s Subsidiaries November 30, 2022 February 28, 2022 (unaudited) Current assets $ 4,303,806 $ 5,330,206 Non-current assets 7,390 9,121 Total assets $ 4,311,196 $ 5,339,327 Current liabilities $ 3,359,261 $ 4,162,414 Non-current liabilities — — Total liabilities $ 3,359,261 $ 4,162,414 Operating Result of VIE For the For the (unaudited) (unaudited) Revenue $ 11,632,351 $ 2,412,523 Cost of revenue (10,492,448 ) (727,879 ) Gross profit (loss) $ 1,139,903 $ 1,684,644 Amortization and depreciation (8,626 ) (5,961 ) General and administrative expenses (1,664,299 ) (1,702,284 ) Marketing cost (258,256 ) (321,846 ) Research & development (295,527 ) (438,033 ) Total operating expenses $ (2,226,708 ) $ (2,468,124 ) Profit (loss) from operations $ (1,086,805 ) $ (783,480 ) Interest income 3,122 2,569 Other income 64,086 13,996 Total other income (expense) $ 67,208 $ 16,565 Tax expense — — Net profit (loss) $ (1,019,597 ) $ (766,915 ) Operating Result of VIE’s Subsidiaries For the For the (unaudited) (unaudited) Revenue $ 9,358,664 $ 14,741,361 Cost of revenue (9,095,097 ) (14,003,795 ) Gross profit (loss) $ 263,567 $ 737,566 Amortization and depreciation (763 ) (719 ) General and administrative expenses (269,281 ) (441,202 ) Marketing cost (32,336 ) (62,535 ) Research & development (61,365 ) — Total operating expenses $ (363,745 ) $ (504,456 ) Profit (loss) from operations $ (100,178 ) $ 233,110 Interest income 95 41 Other income 1 64,690 Total other income (expense) $ 96 $ 64,731 Tax expense — — Net profit (loss) $ (100,082 ) $ 297,841
Use of Estimates	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	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.
Identifiable Intangible Assets	Identifiable Intangible Assets Identifiable intangible assets are recorded at cost and are amortized over 3 10
Impairment of Long-Lived Assets	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 be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy, or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary. 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 the 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.
Accounts Receivable and Concentration of Risk	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.
Lease	Lease Operating and finance lease right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of the future lease payments over the lease term. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is derived from information available at the lease commencement date and represents the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. The right-of-use asset includes any lease payments made and lease incentives received prior to the commencement date. Operating lease right-of-use assets also include any cumulative prepaid or accrued rent when the lease payments are uneven throughout the lease term. The right-of-use assets and lease liabilities may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.
Cash and Cash Equivalents	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 months or less and are readily convertible to known amounts of cash.
Property and Equipment	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 3 7
Earnings Per Share	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 (“ASC 260”), “Earnings Per Share,” requires that employee equity share options, non-vested shares and similar equity instruments granted to employees be treated as potential common shares in computing diluted earnings per share. Diluted earnings per share should be based on the actual number of options or shares granted and not yet forfeited, unless doing so would be anti-dilutive. The Company uses the “treasury stock” method for equity instruments granted in share-based payment transactions provided in ASC 260 to determine diluted earnings per share. Antidilutive securities represent potentially dilutive securities which are excluded from the computation of diluted earnings or loss per share as their impact was antidilutive.
Revenue Recognition	Revenue Recognition The Company adopted ASC 606, Revenue from Contracts with Customers (“ASC 606”) beginning on January 1, 2018 using the modified retrospective approach. ASC 606 establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. 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 change to the timing and pattern of revenue recognition for its current revenue streams in scope of ASC 606 and therefore there was no material changes to the Company’s consolidated financial statements upon adoption of ASC 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) there is persuasive evidence of an arrangement; (2) the service has been provided to the customer (for licensing, revenue is recognized when the Company’s technology is used to provide hosting and integration services); (3) the amount of fees to be paid by the customer is fixed or determinable; and (4) the collection of fees is probable. We account for our multi-element arrangements, such as instances where we design a custom website and separately offer other services such as hosting, which are recognized over the period for when services are performed.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes” (“ASC 740”). Under this method, income tax expense is recognized as the amount of: (i) taxes payable or refundable for the current year and (ii) future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of available evidence it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Non-controlling interest	Non-controlling interest Non-controlling interests held 1% of the shares of two of our subsidiaries are recorded as a component of our equity, separate from the Company’s equity. Purchase or sales of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Company does not believe recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows.

Summary of Principal Accounti_3

Summary of Principal Accounting Policies (Tables)	9 Months Ended
	Nov. 30, 2022
Accounting Policies [Abstract]
Schedule of variable interest entity	Schedule of variable interest entity November 30, 2022 February 28, 2022 (unaudited) Current assets $ 6,860,956 $ 4,503,346 Non-current assets 222,356 21,042 Total assets $ 7,083,312 $ 4,524,388 Current liabilities $ 11,613,194 $ 8,556,844 Non-current liabilities 35,471 — Total liabilities $ 11,648,665 $ 8,556,844 Assets and liabilities of the VIE’s Subsidiaries November 30, 2022 February 28, 2022 (unaudited) Current assets $ 4,303,806 $ 5,330,206 Non-current assets 7,390 9,121 Total assets $ 4,311,196 $ 5,339,327 Current liabilities $ 3,359,261 $ 4,162,414 Non-current liabilities — — Total liabilities $ 3,359,261 $ 4,162,414 Operating Result of VIE For the For the (unaudited) (unaudited) Revenue $ 11,632,351 $ 2,412,523 Cost of revenue (10,492,448 ) (727,879 ) Gross profit (loss) $ 1,139,903 $ 1,684,644 Amortization and depreciation (8,626 ) (5,961 ) General and administrative expenses (1,664,299 ) (1,702,284 ) Marketing cost (258,256 ) (321,846 ) Research & development (295,527 ) (438,033 ) Total operating expenses $ (2,226,708 ) $ (2,468,124 ) Profit (loss) from operations $ (1,086,805 ) $ (783,480 ) Interest income 3,122 2,569 Other income 64,086 13,996 Total other income (expense) $ 67,208 $ 16,565 Tax expense — — Net profit (loss) $ (1,019,597 ) $ (766,915 ) Operating Result of VIE’s Subsidiaries For the For the (unaudited) (unaudited) Revenue $ 9,358,664 $ 14,741,361 Cost of revenue (9,095,097 ) (14,003,795 ) Gross profit (loss) $ 263,567 $ 737,566 Amortization and depreciation (763 ) (719 ) General and administrative expenses (269,281 ) (441,202 ) Marketing cost (32,336 ) (62,535 ) Research & development (61,365 ) — Total operating expenses $ (363,745 ) $ (504,456 ) Profit (loss) from operations $ (100,178 ) $ 233,110 Interest income 95 41 Other income 1 64,690 Total other income (expense) $ 96 $ 64,731 Tax expense — — Net profit (loss) $ (100,082 ) $ 297,841

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Nov. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of revenue	Schedule of revenue For the nine months ended November 30, November 30, (unaudited) (unaudited) Telecommunication Products & Services $ 14,673,364 $ 6,730,108 SMS & MMS Business 6,317,651 10,423,776 Big Data 250,000 131,418 $ 21,241,015 $ 17,285,302

Equipment (Tables)

Equipment (Tables)	9 Months Ended
	Nov. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Schedule of property, plant and equipment November 30, February 28, (unaudited) Equipment $ 113,310 $ 62,347 Less: accumulated depreciation (34,557 ) (35,539 ) Net equipment $ 78,753 $ 26,808

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Nov. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets November 30, February 28, (unaudited) Licenses $ 200,000 $ 200,000 Mobile applications 207,567 233,167 407,567 433,167 Less: accumulated amortization (284,875 ) (266,190 ) Impairment of intangible assets (41,045 ) (41,045 ) Net intangible assets $ 81,647 $ 125,932

Prepayment and Deposit (Tables)

Prepayment and Deposit (Tables)	9 Months Ended
	Nov. 30, 2022
Prepayment And Deposit
Schedule of prepaid expense	Schedule of prepaid expense November 30, February 28, (unaudited) Telecommunication Products & Services Deposit Paid / Prepayment $ 2,610,008 $ 2,396,550 Deposit received — — Net Prepaid expenses for Telecommunication Products & Services $ 2,610,008 $ 2,396,550 Others prepayment 1,470,009 369,256 Prepayment and deposit $ 4,080,017 $ 2,765,806 November 30, February 28, (unaudited) SMS & MMS Business Deposit Paid / Prepayment $ 621,651 $ 565,536 Deposit received Net Prepaid expenses for SMS $ 621,651 $ 565,536 Others prepayment — — Prepayment and deposit $ 621,651 $ 565,536

Right-of-use Asset and Lease _2

Right-of-use Asset and Lease Liability (Tables)	9 Months Ended
	Nov. 30, 2022
Right-of-use Asset And Lease Liability
Schedule of operating leases assets and liabilities	Schedule of operating leases assets and liabilities November 30, February 28, Right-of-use asset (unaudited) Right-of-use asset, net $ 155,657 $ 5,069 Lease liability Current lease liability $ 118,864 $ 5,069 Non-current lease liability 35,471 — Total lease liability $ 154,335 $ 5,069 Remaining lease term and discount rate November 30, Weighted-average remaining lease term 17 Weighted-average discount rate 4.75 %
Schedule of future minimum lease payments due	Schedule of future minimum lease payments due 2023 $ 123,629 Thereafter 35,791 Less: imputed interest (5,085 ) Total lease liability $ 154,335

Common Stock (Tables)

Common Stock (Tables)	9 Months Ended
	Nov. 30, 2022
Equity [Abstract]
Schedule of outstanding share purchase warrants	Schedule of outstanding share purchase warrants Number of Weighted Average Balance, February 28, 2020 — $ — Issued in Connection with October 2020 Offering 488,500 $ 2.10 Issued in Connection with January 2021 Offering 1,604,334 $ 3.00 Exercised (25,000 ) $ 2.00 Balance, February 28, 2021 2,067,834 $ 2.80 Exercised (221,666 ) $ 2.44 Balance, February 28, 2022 1,846,168 $ 2.84 Issued in Connection with August 2022 Offering 3,478,261 $ 1.75 Issued in Connection with August 2022 Offering 168,000 $ 1.75 Issued in Connection with September 2022 Offering 350,000 $ 5.00 Issued in Connection with November 2022 Offering 28,312 $ 8.22 Issued in Connection with November 2022 Offering 10,000 $ 6.70 Expired (50,000 ) $ 3.00 Exercised (100,000 ) $ 2.00 Exercised (90,000 ) $ 3.00 Balance, November 30, 2022 5,640,741 $ 2.32
Schedule of share purchase warrants outstanding and exercisable	Schedule of share purchase warrants outstanding and exercisable Number of Warrants Remaining Contractual Exercise Price Outstanding Life (Years) Expiry Date $ 2.00 188,500 0.38 19-Apr-2023 $ 3.00 1,417,668 0.12 13-Jan-2023 $ 1.75 3,646,261 4.69 9-Aug-2027 $ 5.00 350,000 1.80 19-Sep-2024 $ 8.22 28,312 2.93 4-Nov-2025 $ 6.70 10,000 2.98 21-Nov-2025 $ 2.32 5,640,741
Schedule of valuation assumptions	Schedule of valuation assumptions November 30, February 28, Expected Risk-Free Interest Rate 1.06 % 1.06 % Expected Volatility 15.27 % 15.27 % Expected Life in Years 5.0 5.0 Expected Dividend Yield — — Weighted-Average Grant Date Fair Value $ 6.46 $ 6.46
Schedule of stock option activity	Schedule of stock option activity Number of Stock Options Exercise Price Balance, February 28, 2022 4,545,000 $ 8.00 Granted — — Cancelled/Forfeited (974,000 ) 8.00 Expired — — Balance, November 30, 2022 3,571,000 $ 8.00
Schedule of number of issued shares and cash received upon exercise of stock options	Schedule of number of issued shares and cash received upon exercise of stock options November 30, February 28, Number of Options Exercised on Forfeiture Basis — — Number of Options Exercised on Cash Basis — — Total Number of Options Exercised — — Number of Shares Issued on Cash Exercise — — Number of Shares Issued on Forfeiture Basis — — Total Number of Shares Issued Upon Exercise of Options — — Cash Received from Exercise of Stock Options $ — $ — Total Intrinsic Value of Options Exercised $ — $ —
Schedule of unvested restricted stock	Schedule of unvested restricted stock Number of Unvested Weighted Average Stock Options Grant Date Fair Value Balance, February 28, 2021 — — Granted 4,545,000 $ 6.46 Vested (909,000 ) $ 6.46 Balance, February 28, 2022 3,636,000 $ 6.46 Granted — — Vested — — Cancel / Forfeited (779,200 ) 6.46 Balance, November 30, 2022 2,856,800 $ 6.46
Schedule of stock options	Schedule of stock options Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at November 30, 2022 Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at November 30, 2022 Exercise Price Weighted Average Remaining Contractual Term (Years) $ 7.00 9.00 2,856,800 $ 8.00 4.08 714,200 $ 8.00 4.08 2,856,800 $ 8.00 4.08 714,200 $ 8.00 4.08

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Nov. 30, 2022
NET LOSS PER SHARE
Schedule of basic and diluted earnings per common share	Schedule of basic and diluted earnings per common share For the nine months ended November 30, November 30, Numerator - basic and diluted Net Loss $ (5,504,481 ) $ (3,401,295 ) Denominator Weighted average number of common shares outstanding —basic 43,063,637 40,280,409 Weighted average number of common shares outstanding —diluted 43,063,637 40,280,409 Loss per common share — basic $ (0.13 ) $ (0.08 ) Loss per common share — diluted $ (0.13 ) $ (0.08 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Nov. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	Schedule of effective income tax rate reconciliation For the nine months ended November 30, November 30, (unaudited) (unaudited) U.S. statutory tax rate 21.0 % 21.0 % Foreign income not registered in the U.S. (21.0 %) (21.0 %) PRC profit tax rate 25.0 % 25.0 % Changes in valuation allowance and others (25.0 %) (25.0 %) Effective tax rate 0.0 % 0.0 %
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities November 30, February 28, (unaudited) Deferred tax asset from operating losses carry-forwards $ 1,375,870 $ 1,235,861 Valuation allowance (1,375,870 ) (1,235,861 ) Deferred tax asset, net $ — $ —

Nature of Business and Basis _2

Nature of Business and Basis of Presentation (Details Narrative) - shares		12 Months Ended
	Jul. 13, 2017	Feb. 28, 2021
Restructuring Cost and Reserve [Line Items]
Shares Issued		12,705,541
Share Distribution [Member]
Restructuring Cost and Reserve [Line Items]
Shares Issued	600,000
Finger Motion Company Limited [Member]
Restructuring Cost and Reserve [Line Items]
Shares Issued	12,000,000

Summary of Principal Accounti_4

Summary of Principal Accounting Policies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021	Feb. 28, 2022
Current assets	$ 21,585,468		$ 21,585,468		$ 10,209,096
Non-current assets	316,057		316,057		157,809
Total assets	21,901,525		21,901,525		10,366,905
Current liabilities	4,872,068		4,872,068		5,278,655
Non-current liabilities	4,835,471		4,835,471
Total liabilities	9,707,539		9,707,539		5,278,655
Cost of revenue	(10,544,321)	$ (4,934,824)	(19,587,546)	$ (15,001,674)
Gross profit (loss)	858,614	967,075	1,653,469	2,283,628
Amortization and depreciation	(17,016)	(14,721)	(44,654)	(43,544)
General and administrative expenses	(1,635,800)	(1,521,114)	(4,151,219)	(4,145,775)
Marketing cost	(64,012)	(240,299)	(290,592)	(384,381)
Research & development	(180,158)	(158,055)	(589,909)	(438,033)
Total operating expenses	2,720,417	2,031,080	6,444,283	5,591,170
Profit (loss) from operations	(1,861,803)	(1,064,005)	(4,790,814)	(3,307,542)
Interest income	1,791	955	3,248	2,672
Other income	(465,802)	26,497	(415,916)	78,686
Tax expense
Net profit (loss)	(2,521,992)	$ (1,036,619)	(5,503,480)	(3,404,273)
Variable Interest Entity, Primary Beneficiary [Member]
Current assets	6,860,956		6,860,956		4,503,346
Non-current assets	222,356		222,356		21,042
Total assets	7,083,312		7,083,312		4,524,388
Current liabilities	11,613,194		11,613,194		8,556,844
Non-current liabilities	35,471		35,471
Total liabilities	11,648,665		11,648,665		8,556,844
Revenue			11,632,351	2,412,523
Cost of revenue			(10,492,448)	(727,879)
Gross profit (loss)			1,139,903	1,684,644
Amortization and depreciation			(8,626)	(5,961)
General and administrative expenses			(1,664,299)	(1,702,284)
Marketing cost			(258,256)	(321,846)
Research & development			(295,527)	(438,033)
Total operating expenses			(2,226,708)	(2,468,124)
Profit (loss) from operations			(1,086,805)	(783,480)
Interest income			3,122	2,569
Other income			64,086	13,996
Total other income (expense)			67,208	16,565
Tax expense
Net profit (loss)			(1,019,597)	(766,915)
Variable Interest Entity, Not Primary Beneficiary [Member]
Current assets	4,303,806		4,303,806		5,330,206
Non-current assets	7,390		7,390		9,121
Total assets	4,311,196		4,311,196		5,339,327
Current liabilities	3,359,261		3,359,261		4,162,414
Non-current liabilities
Total liabilities	$ 3,359,261		3,359,261		$ 4,162,414
Revenue			9,358,664	14,741,361
Cost of revenue			(9,095,097)	(14,003,795)
Gross profit (loss)			263,567	737,566
Amortization and depreciation			(763)	(719)
General and administrative expenses			(269,281)	(441,202)
Marketing cost			(32,336)	(62,535)
Research & development			(61,365)
Total operating expenses			(363,745)	(504,456)
Profit (loss) from operations			(100,178)	233,110
Interest income			95	41
Other income			1	64,690
Total other income (expense)			96	64,731
Tax expense
Net profit (loss)			$ (100,082)	$ 297,841

Summary of Principal Accounti_5

Summary of Principal Accounting Policies (Details Narrative)	9 Months Ended
	Nov. 30, 2022
Minimum [Member]
Property, Plant and Equipment [Line Items]
Identifiable intangible assets, useful life	3 years
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Identifiable intangible assets, useful life	10 years
Property, Plant and Equipment, Useful Life	7 years

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated Deficit	$ 22,655,652		$ 17,152,172
Net Loss	$ 5,504,481	$ 3,401,295

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 11,402,935	$ 5,901,899	$ 21,241,015	$ 17,285,302
Telecommunication Products And Services [Member]
Disaggregation of Revenue [Line Items]
Revenues			14,673,364	6,730,108
Sms [Member]
Disaggregation of Revenue [Line Items]
Revenues			6,317,651	10,423,776
Big Data [Member]
Disaggregation of Revenue [Line Items]
Revenues			$ 250,000	$ 131,418

Revenue (Details Narrative)

Revenue (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	$ 11,402,935	$ 5,901,899	$ 21,241,015	$ 17,285,302

Equipment (Details)

Equipment (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Property, Plant and Equipment [Abstract]
Equipment	$ 113,310	$ 62,347
Less: accumulated depreciation	(34,557)	(35,539)
Net equipment	$ 78,753	$ 26,808

Equipment (Details Narrative)

Equipment (Details Narrative) - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 12,823	$ 10,618

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Gross Intangible Assets	$ 407,567	$ 433,167
Less: accumulated amortization	(284,875)	(266,190)
Impairment of intangible assets	(41,045)	(41,045)
Net intangible assets	81,647	125,932
License [Member]
Gross Intangible Assets	200,000	200,000
Mobile Application [Member]
Gross Intangible Assets	$ 207,567	$ 233,167

Intangible Assets (Details Narr

Intangible Assets (Details Narrative) - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 31,831	$ 32,926

Prepayment and Deposit (Details

Prepayment and Deposit (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Prepayment and deposit	$ 4,701,668	$ 3,331,342
Telecommunication Products And Services [Member]
Deposit Paid / Prepayment	2,610,008	2,396,550
Deposit received
Net Prepaid expenses for SMS	2,610,008	2,396,550
Others prepayment	1,470,009	369,256
Prepayment and deposit	4,080,017	2,765,806
S M S And M M S Business [Member]
Deposit Paid / Prepayment	621,651	565,536
Net Prepaid expenses for SMS	621,651	565,536
Others prepayment
Prepayment and deposit	$ 621,651	$ 565,536

Right-of-use Asset and Lease _3

Right-of-use Asset and Lease Liability (Details) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Right-of-use Asset And Lease Liability
Right-of-use asset, net	$ 155,657	$ 5,069
Current lease liability	118,864	5,069
Non-current lease liability	35,471
Total lease liability	$ 154,335	$ 5,069
Weighted-average remaining lease term	17 months
Weighted-average discount rate	4.75%

Right-of-use Asset and Lease _4

Right-of-use Asset and Lease Liability (Details 1) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Right-of-use Asset And Lease Liability
2023	$ 123,629
Thereafter	35,791
Less: imputed interest	(5,085)
Total lease liability	$ 154,335	$ 5,069

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative) - USD ($)		1 Months Ended
	May 02, 2022	Nov. 21, 2022	Nov. 30, 2022	Aug. 09, 2022	Feb. 28, 2022	Feb. 28, 2021
Debt Instrument [Line Items]
Convertible note payable	$ 730,000		$ 730,000
Accruing interest, percentage	20%
Maturity date	Apr. 30, 2023
Conversion rate	$ 0.0001					$ 2
Common Stock per share	$ 4		$ 0.0001		$ 0.0001
Principal amount				$ 4,800,000
Closing of private placement shares		2,887,500
Share price		$ 4
Proceeds from sale of common stock		$ 11,550,000
Principal amount outstanding			$ 5,280,000
Convertible Promissory Note [Member]
Debt Instrument [Line Items]
Conversion rate				$ 0.0001
Common Stock per share				$ 2
Principal amount				$ 4,800,000

Common Stock (Details)

Common Stock (Details) - $ / shares	1 Months Ended							9 Months Ended	12 Months Ended
	Nov. 30, 2022	Nov. 30, 2022	Sep. 30, 2022	Aug. 31, 2022	Aug. 31, 2022	Jan. 31, 2021	Oct. 31, 2020	Nov. 30, 2022	Feb. 28, 2022	Feb. 28, 2021
Offsetting Assets [Line Items]
Number of warrants outstanding, ending balance	5,640,741	5,640,741						5,640,741
Weighted average exercise price, ending balance	$ 2.32	$ 2.32						$ 2.32
Warrant [Member]
Offsetting Assets [Line Items]
Number of warrants outstanding, beginning balance								1,846,168	2,067,834
Weighted average exercise price, beginning balance								$ 2.84	$ 2.80
Number of warrants, granted	28,312	10,000	350,000	3,478,261	168,000	1,604,334	488,500
Weighted average exercise price, warrant granted	$ 8.22	$ 6.70	$ 5	$ 1.75	$ 1.75	$ 3	$ 2.10
Number of warrants exercised	(100,000)								(221,666)	(25,000)
Weighted average exercise price, warrant exercised									$ 2.44	$ 2
Number of warrants outstanding, expired	(50,000)
Weighted average exercise price, expired	$ 3
Weighted Average exercise price, number of warrants exercised	$ 2
Number of warrants exercised								(90,000)
Weighted Average exercise price, number of warrants exercised								$ 3
Number of warrants outstanding, ending balance	5,640,741	5,640,741						5,640,741	1,846,168	2,067,834
Weighted average exercise price, ending balance	$ 2.32	$ 2.32						$ 2.32	$ 2.84	$ 2.80

Common Stock (Details 1)

Common Stock (Details 1)	9 Months Ended
	Nov. 30, 2022 $ / shares shares
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 2.32
Number of warrants outstanding | shares	5,640,741
Stock Option 1 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 2
Number of warrants outstanding | shares	188,500
Remaining contractual term	4 months 17 days
Warrant expiry date	Apr. 19, 2023
Stock Option 2 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 3
Number of warrants outstanding | shares	1,417,668
Remaining contractual term	1 month 13 days
Warrant expiry date	Jan. 13, 2023
Stock Option 3 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 1.75
Number of warrants outstanding | shares	3,646,261
Remaining contractual term	4 years 8 months 8 days
Warrant expiry date	Aug. 09, 2027
Stock Option 4 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 5
Number of warrants outstanding | shares	350,000
Remaining contractual term	1 year 9 months 18 days
Warrant expiry date	Sep. 19, 2024
Stock Option 5 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 8.22
Number of warrants outstanding | shares	28,312
Remaining contractual term	2 years 11 months 4 days
Warrant expiry date	Nov. 04, 2025
Stock Option 6 [Member]
Offsetting Assets [Line Items]
Exercise Price | $ / shares	$ 6.70
Number of warrants outstanding | shares	10,000
Remaining contractual term	2 years 11 months 23 days
Warrant expiry date	Nov. 21, 2025

Common Stock (Details 2)

Common Stock (Details 2) - $ / shares	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Equity [Abstract]
Expected Risk Free Interest Rate	1.06%	1.06%
Expected Volatility	15.27%	15.27%
Expected Life in Years	5 years	5 years
Expected Dividend Yield
Weighted-Average Grant Date Fair Value	$ 6.46	$ 6.46

Common Stock (Details 3)

Common Stock (Details 3) - Equity Option [Member]	9 Months Ended
	Nov. 30, 2022 $ / shares shares
Offsetting Assets [Line Items]
Number of stock options, beginning balance	4,545,000
Stock options exercise Price, endning balance | $ / shares	$ 8
Number of stock options, Granted
Stock options exercise Price, Granted | $ / shares
Number of stock options, Cancelled/Forfeited	(974,000)
Stock options exercise Price, Cancelled/Forfeited | $ / shares	$ 8
Number of stock options, Expired
Stock options exercise Price, Expired | $ / shares
Number of stock options, ending balance	3,571,000

Common Stock (Details 4)

Common Stock (Details 4) - USD ($)	9 Months Ended	12 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Equity [Abstract]
Number of Options Exercised on Forfeiture Basis
Number of Options Exercised on Cash Basis
Total Number of Options Exercised
Number of Shares Issued on Cash Exercise
Number of Shares Issued on Forfeiture Basis
Total Number of Shares Issued Upon Exercise of Options
Cash Received from Exercise of Stock Options
Total Intrinsic Value of Options Exercised

Common Stock (Details 5)

Common Stock (Details 5) - Equity Option [Member] - $ / shares	9 Months Ended	12 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Offsetting Assets [Line Items]
Number of unvested stock option, beginning balance	3,636,000
Unvested stock option,weighted average exercise price, beginning balance	$ 6.46
Number of unvested stock option, granted		4,545,000
Unvested stock option,weighted average exercise price, granted		$ 6.46
Number of unvested stock option, vested		(909,000)
Unvested stock option,weighted average exercise price, vested		$ 6.46
Number of unvested stock option, vested		909,000
Number of unvested stock option, cancel / forfeited	(779,200)
Unvested stock option,weighted average exercise price, cancel / forfeited	$ 6.46
Number of unvested stock option, ending balance	2,856,800	3,636,000
Unvested stock option,weighted average exercise price, ending balance	$ 6.46	$ 6.46

Common Stock (Details 6)

Common Stock (Details 6) - Equity Option [Member] - $ / shares	9 Months Ended
	Nov. 30, 2022	Feb. 28, 2022
Number of options outstanding, exercise prices	$ 8	$ 8
Number of options outstanding	2,856,800
Number of options outstanding, weighted average remaining contractual term	4 years 29 days
Number of options exercisable	714,200
Number of options exercisable, exercise prices	$ 8
Number of options exercisable, weighted average remaining contractual term	4 years 29 days
Range 1 [Member]
Number of options outstanding, exercise prices	$ 8
Number of options outstanding	2,856,800
Number of options outstanding, weighted average remaining contractual term	4 years 29 days
Number of options exercisable	714,200
Number of options exercisable, exercise prices	$ 8
Number of options exercisable, weighted average remaining contractual term	4 years 29 days
Minimum [Member] | Range 1 [Member]
Number of options outstanding, exercise prices	$ 7
Maximum [Member] | Range 1 [Member]
Number of options outstanding, exercise prices	$ 9

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Nov. 30, 2022	May 02, 2022
Defined Benefit Plan Disclosure [Line Items]
Shares issued		12,705,541
Consideration amount		$ 5,665,533
Shares converted		500,000
Deemed price, per share		$ 2		$ 0.0001
Converted amount		$ 1,000,000
Shares cancelled		150,000
Proceeds from warrants	$ 539,998	$ 50,000
Aggregate intrinsic value of stock option			$ 0
Consultants [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares issued		8,858,207

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Nov. 30, 2022	Nov. 30, 2021
Numerator - basic and diluted
Net Loss	$ (2,521,718)	$ (1,037,172)	$ (5,504,481)	$ (3,401,295)
Denominator
Weighted average number of common shares outstanding —basic	43,692,686	42,281,985	43,063,637	40,280,409
Weighted average number of common shares outstanding —diluted	43,692,686	42,281,985	43,063,637	40,280,409
Loss per common share — basic	$ (0.06)	$ (0.02)	$ (0.13)	$ (0.08)
Loss per common share — diluted	$ (0.06)	$ (0.02)	$ (0.13)	$ (0.08)

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Income Tax Disclosure [Abstract]
U.S. statutory tax rate	21%	21%
Foreign income not registered in the U.S.	(21.00%)	(21.00%)
PRC profit tax rate	25%	25%
Changes in valuation allowance and others	(25.00%)	(25.00%)
Effective tax rate	0%	0%

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	Nov. 30, 2022	Feb. 28, 2022
Income Tax Disclosure [Abstract]
Deferred tax asset from operating losses carry-forwards	$ 1,375,870	$ 1,235,861
Valuation allowance	(1,375,870)	(1,235,861)
Deferred tax asset, net

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	9 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Feb. 28, 2022
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Percent	0%	0%
Deferred tax asset	$ 1,375,870		$ 1,235,861
Valuation allowance	$ 1,375,870		$ 1,235,861
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Percent	21%	21%
Foreign Tax Authority [Member] | Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Percent	16.50%	16.50%
Foreign Tax Authority [Member] | State Administration of Taxation, China [Member]
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Percent	25%	25%

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	1 Months Ended
	Nov. 21, 2022	Nov. 30, 2022	Aug. 09, 2022
Commitments and Contingencies Disclosure [Abstract]
Principal amount			$ 4,800,000
Number of warrant acquire			$ 3,478,261
Closing of private placement shares	2,887,500
Share price	$ 4
Proceeds from sale of common stock	$ 11,550,000
Principal amount outstanding		$ 5,280,000