| Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
| Feb. 28, 2017 |
| Accounting Policies [Abstract] | |
| Basis of Presentation | a) Basis of Presentation These
consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted
in the United States and are expressed in U.S. dollars. The Company’s fiscal year end is February 28. The Financial statements
include the accounts of the Company and its subsidiary Rent Pay. All significant intercompany transactions and accounts have been
eliminated in consolidation. |
| Use of Estimates | b) Use of Estimates The
preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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 consolidated financial statements and the reported amounts of revenues and expenses during
the reporting period. The Company regularly evaluates estimates and assumptions related to useful life and recoverability of long-lived
assets, and deferred income tax asset valuations. The Company bases its estimates and assumptions on current facts, historical
experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are
not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from
the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future
results of operations will be affected. |
| Cash and Cash Equivalents | c) Cash and Cash Equivalents Cash
includes cash on hand and cash held with banks. The Company considers all highly liquid instruments with maturity of three months
or less at the time of issuance to be cash equivalents. |
| Accounts Receivable | d) Accounts Receivable Trade
accounts receivable are recorded at net invoice value and such receivables are non-interest bearing. Receivables are considered
past due based on the contractual payment terms. Receivables are reviewed and specific amounts are reserved if collectability
is no longer reasonably assured. The Company did not make any allowance for bad or doubtful debt as of February 28, 2017 or February 29,
2016 in as it is very rare for the company not to receive all its accounts receivable, as all payments are collected by debit
order. |
| Property and Equipment | e) Property and Equipment Property
and equipment are stated at cost, less accumulated depreciation and any impairment in value. Depreciation is computed using the
straight-line method over the following estimated lives of the assets:
IT
equipment 3
years
Motor
vehicles 5
years
Office
equipment 5
years
Furniture
and fixtures 6
years The
Company periodically performs impairment testing on its long-lived assets either annually or whenever events or changes in circumstances
indicate that the carrying amount may not be recoverable in accordance with ASC 360. All long-lived assets were deemed recoverable
at February 28, 2017, and February 29, 2016. |
| Leases | f) Leases Leases
are reviewed and classified as capital or operating at their inception. Capital leases are recognized as assets and liabilities
in the balance sheet at amounts equal to the fair value of the leased property or, if lower, the present value of the minimum
lease payments. The corresponding liability to the lessor is included in the balance sheet as a capital lease obligation. Lease
payments are apportioned between interest and reduction off the outstanding liability. The interest is allocated to each period
during the lease terms so as to produce a constant periodic rate on the remaining balance of the liability. |
| Fair Value of Financial Instruments | g) Fair Value of Financial
Instruments The
Company measures and discloses the estimated fair value of financial assets and liabilities using the fair value hierarchy in
accordance with ASC 820, “ Fair Value Measurements and Disclosures Level
1 – quoted prices for identical instruments in active markets. Level
2 – quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets
that are not active; and model derived valuations in which significant inputs and significant value drivers are observable in
active markets. Level
3 – fair value measurements derived from valuation techniques in which one or more significant inputs or significant value
drivers are unobservable. Financial
instruments consist principally of cash and cash equivalents, accounts receivable, loans receivable from related parties, accounts
payable, taxes payable, and capital lease obligations. There were no transfers into or out of “Level 3” during the
years ended February 28, 2017 or February 29, 2016. The recorded values of the capital lease approximate the current fair value based on the
terms and conditions that the Company could currently negotiate. The recorded values of all other financial instruments approximate
their current fair values because of their nature and respective relatively short maturity dates or durations. Fair
value estimates are made at a specific point in time, based on relevant market information and information about the financial
statement. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore
cannot be determined with precision. Changes in assumptions could significantly affect the estimates. |
| Foreign Currency Translation | h) Foreign Currency
Translation Management
has adopted ASC 830, “ Foreign Currency Translation Matters |
| Revenue Recognition | i) Revenue Recognition The
Company derives revenue through licensing its software and by collecting various transaction fees from third party debit orders. The
Company recognizes revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price is
fixed or determinable and collectability is reasonably assured. The
company has several revenue streams and they are recognized as below: Branch
Setup Fees This
is a once off cost that the company charges when a customer is onboarded. The billing occurs in the same month that the debit
order is collected. This results in no accounts receivable at the end of the month. Data
Migration Fees. This
only applies to a customer applying to migrate client data from a previous system to our system. We invoice for this service as
soon as data is successfully transferred, imported and verified by our customer and when transactions begin to occur. Revenue
is recognized upon invoicing and payment is collected within two days due to debit order mandates signed by the customer as part
of the agreement. This results in no outstanding accounts receivable as of the end of each month. Monthly
Rental Fees Our
software is made available on a web based software platform and is offered as software as a service. Our agreement is an evergreen
agreement (auto-renewed) and if not terminated by a customer, remains intact. Termination may occur by either party at any point
with 30 days’ notice. The monthly software rental fee is payable every month per branch. Monthly rental fees are payable
in advance, are invoiced prior to the end of the month and is also collected prior to the end of each month due to debit order
mandate signed by the customer. We record this as deferred revenue and recognize the revenue during the month of service. These
deferred revenues are held in the customer control account, which is included in the AP section of our financial statements. Development
Service Fee We
have some clients that we do custom software development for, on some versions of our software. Here we adopt a scrum
methodology with 2-week development sprints. We agreed on a price per hour for development with these clients. We send an
invoice for the work completed and usually get paid within the same month. On this revenue stream we do not run a debit
order, but a client needs to pay invoices before we continue with the next development increment. Payments are due upon
invoicing but at times it can take up to 30 days. Any unpaid invoices, if any are recorded to accounts receivable at the end
of each month, but invoicing and payment usually happen within the same month. Transactional
Fees We
offer an integrated debit order facility built into our software. When our client (lenders) creates loans with consumers, the
consumer contracts directly with us on a separate agreement. We then act as a third-party payment provider, to facilitate the
repayment of loans from the consumer to the lender by debit order. We
are registered as a third-party payment provider and all payments collected on this stream are settled by the bank directly into
our bank account. We only charge a fee on successful debit order collections and retain that fee when we distribute funds collected
on behalf of consumers. The transaction fees charged for these transactions are called CTC and they are displayed on the signed
agreement that the consumer signs with us. The CTC fees are paid by the consumer, in addition to the loan installment collected.
The loan installment and CTC are collected as one amount, but the CTC is retained by us upon distribution of funds to lenders.
Our software system counts and accounts for each individual transaction and its amount and this is generated on a report on our
Acpas software. We use this report for revenue recognition in our billing system. Revenue is recorded as a lump sum based on this
report at the end of each month. If there are any CTC that still needs to be recognized at an end of a period, it will be recorded
as accounts receivable. Credit
Protection Insurance Commission Some
insurance companies offer insurance products on loans that cover the consumer for the full repayment of his debt to the lender,
in case of unforeseen events. There is an insurance product from one of our suppliers (an insurance company) that we make available
for the insurance company on our software program. In return for making this product available the insurance company would pay
us monthly commission on premiums they received. This is a product offered by the insurance company directly to the consumer and
we only make it available on our software platform. If this option is selected when a loan is created, an additional fee is added
to the loan repayment amount. The software system calculates the insurance premiums and all premiums for a given month are paid
by lenders to the insurance company, or lenders use our payment service and instruct us to manage the payments on their behalf. After
receiving the premiums and supporting reports, the insurance company will then calculate and verify the premiums paid and premium
claw back to the point and work out the commission payable based on the premiums received. The insurance company will then pay
all commissions earned by us and our clients. Commissions are not earned until collection of the premiums from the consumers and
the remittance of the premiums to the insurance company and when the insurance company did their final calculations. We distribute
the commission amounts due to our customers within two days of receiving such payments from the insurance company. |
| Stock-based Compensation | j) Stock-based Compensation The
Company records stock-based compensation in accordance with ASC 718, “ Compensation – Stock Compensation Equity Based Payments to Non-Employees |
| Comprehensive Income (Loss) | k) Comprehensive Income
(Loss) ASC
220, “ Comprehensive Income”, |
| Earnings (Loss) Per Share | l) Earnings (Loss)
Per Share The
Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “ Earnings per Share |
| Income Taxes | m) Income Taxes In
accordance with FASB ASC 740, “Income Taxes” (“ASC 740”), deferred tax assets and liabilities are computed
based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal
tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or
benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely
than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce
the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance
are included in the provision for deferred income taxes in the period of change. The Company has recorded a valuation allowance
against its deferred tax assets based on the history of losses incurred. ASC
740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in
the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is
more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical
merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on
the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance
on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities,
and accounting for interest and penalties associated with tax positions. As of February 28, 2017 and February 29, 2016, the Company
does not have a liability for any unrecognized tax benefits. All
tax periods from inception remain open to examination by taxing authorities due to the net operating losses. To date the Company’s
acquired subsidiaries have not filed the required income tax returns. |
| Going Concern | n) Going Concern The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern,
which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As of February
28, 2017, the Company does not have revenues sufficient to execute its business plan. The Company intends to fund operations through
equity financing arrangements. There is no assurance that this will be successful. These
factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying
consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
| Recent Accounting Pronouncements | o) Recent Accounting
Pronouncements The
Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and
does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact
on its financial position or results of operations. |
