Upay (UPYY) 10-Q 7 Aug 18 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 06, 2018
Document And Entity Information
Entity Registrant Name	UPAY, Inc.
Entity Central Index Key	1,677,897
Document Type	10-Q
Document Period End Date	Aug. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--02-28
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		25,915,310
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Current Assets
Cash and cash equivalents	$ 247,069	$ 262,974
Accounts receivable	19,723	89,669
Prepaid expenses and other current assets	2,301	2,304
Total Current Assets	269,093	354,947
Property and Equipment, Net	6,046	8,927
Total Assets	275,139	363,874
Current Liabilities
Accounts payable	182,434	217,589
Taxes payable	2,848	4,464
Total Current Liabilities	185,282	222,053
Total Liabilities	185,282	222,053
Stockholders' Equity
Preferred Stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common Stock, $0.001 par value, 100,000,000 shares authorized; 23,915,310 shares issued and outstanding	23,915	23,915
Additional Paid in Capital	172,732	172,732
Accumulated Deficit	(100,441)	(48,506)
Accumulated Other Comprehensive Loss	(6,349)	(6,320)
Total Stockholders' Equity	89,857	141,821
Total Liabilities and Stockholders' Equity	$ 275,139	$ 363,874

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Aug. 31, 2017	Feb. 28, 2017
Consolidated Balance Sheets Unaudited
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	23,915,310	23,915,310
Common Stock, Shares, Outstanding	23,915,310	23,915,310

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Consolidated Statements Of Operations And Comprehensive Loss
Revenue	$ 227,885	$ 138,132	$ 403,221	$ 192,345
Cost of Revenue	(27,724)	(14,964)	(55,508)	(26,700)
Gross Profit	200,161	123,168	347,713	165,645
Expenses
General and administrative	233,091	147,332	397,647	249,603
Depreciation	1,609	1,381	3,206	2,629
Total Expenses	234,700	148,713	400,853	252,232
Net Loss Before Other Expenses and Income Taxes	(34,539)	(25,545)	(53,140)	(86,587)
Other Income (Expenses)
Interest income	855	380	1,225	548
Interest expense	(20)	(459)	(20)	(875)
Loss Before Income Taxes	(33,704)	(25,624)	(51,935)	(86,914)
Provision for income taxes
Net Loss	(33,704)	(25,624)	(51,935)	(86,914)
Other Comprehensive Income (Loss)
Foreign currency translation adjustments	70	(555)	(29)	(573)
Comprehensive Loss	$ (33,634)	$ (26,179)	$ (51,964)	$ (87,487)
Net (Loss) Earnings Per Share - Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted-average Common Shares Outstanding - Basic and Diluted	23,915,310	23,766,397	23,915,310	23,466,614

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash Flows from Operating Activities
Net loss	$ (51,935)	$ (86,914)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	3,206	2,629
Shares issued for services		6,125
Changes in operating assets and liabilities:
Accounts receivable	69,946	32,000
Prepaid expenses and other current assets	3	(730)
Accounts payable	(39,595)	30,604
Accrued expenses	2,848	4,500
Net Cash Used in Operating Activities	(15,527)	(11,786)
Cash Flows from Investing Activities
Repayment of loan receivable		6,564
Cash paid for purchase of fixed assets	(349)	(861)
Net Cash (Used in) Provided by Investing Activities	(349)	5,703
Cash Flows from Financing Activities
Principal payments on capital lease obligation		(1,038)
Proceeds from issuance of common stock		61,445
Net Cash Provided by Financing Activities		60,407
Effect of Exchange Rate Changes on Cash	(29)	6,192
Change in Cash and Cash Equivalents	(15,905)	60,516
Cash and Cash Equivalents - Beginning of Year	262,974	146,090
Cash and Cash Equivalents - End of Year	247,069	206,606
Supplemental Disclosures of Cash Flow Information:
Interest paid	20	875
Income taxes paid

Nature of Operations and Contin

Nature of Operations and Continuance of Business	6 Months Ended
	Aug. 31, 2017
Nature Of Operations And Continuance Of Business
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business UPAY, Inc. (the “Company”) was incorporated in the State of Nevada on July 8, 2015. By a Share Exchange Agreement dated November 4, 2015, the Company agreed to acquire all of the issued and outstanding shares of Rent Pay (Pty) Ltd (“Rent Pay”), in exchange for 200,000 shares of the Company’s common stock. The acquisition is a capital transaction in substance and therefore has been accounted for as a recapitalization. Rent Pay was incorporated in South Africa on February 1, 2012. Because Rent Pay is deemed to be the acquirer for accounting purposes, the consolidated financial statements are presented as a continuation of Rent Pay and include the results of operations of Rent Pay since incorporation on February 1, 2012, and the results of operations of the Company since the date of acquisition on November 4, 2015. Rent Pay operates principally in South Africa and engages in software development and licensing and provides services to the credit provider industry.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Aug. 31, 2017
Summary Of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies 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. b) Interim Financial Statements The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year end February 28, 2017, have been omitted. c) 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. 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. e) 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. f) Earnings (Loss) Per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “ Earnings per Share g) 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 May 31, 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. h) 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.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Aug. 31, 2017
Property And Equipment Net
Property and Equipment, Net	3. Property and Equipment, Net Property and equipment, net, consists of the following: Cost Accumulated August 31, February 28, IT equipment $ 3,932 $ (1,835 ) $ 2,097 $ 2,724 Motor vehicle 21,143 (19,933 ) 1,210 3,328 Furniture and fixtures 3,103 (1,981 ) 1,122 1,011 Office equipment 2,439 (822 ) 1,617 1,864 Total $ 30,617 $ (24,571 ) $ 6,046 $ 8,927 During the six months ended August 31, 2017, the Company recorded depreciation expense of $3,206 (2016 - $2,629).

Common Stock

Common Stock	6 Months Ended
	Aug. 31, 2017
Common Stock
Common Stock	4. Common Stock There were no common stock transactions during the three months ended August 31, 2017.

Warrants

Warrants	6 Months Ended
	Aug. 31, 2017
Warrants
Warrants	5. Warrants The following table summarizes the continuity of the Company’s warrants: Number of Weighted average exercise price Balance, February 28, 2017 — — Issued 2,020,000 3.51 Balance, August 31, 2017 2,020,000 3.51

Commitments

Commitments	6 Months Ended
	Aug. 31, 2017
Commitments
Commitments	6. Commitments On November 11, 2015, the Company entered into a lease agreement for renting office space in South Africa. The term of the lease is for two years commencing March 1, 2016. The monthly base rate is $685 (R8,918) in the first year and increases to $753 (R9,809) in the second year of the lease. Lease expense for the six months ended August 31, 2017 was $6,459 (2016 - $3,049). On April 18, 2016, the Company entered into a lease agreement for renting office space in Dallas, Texas. The term of the lease is for one year commencing May 1, 2016, renews annually, and the monthly base rate is $715. Lease expense for the six months ended August 31, 2017 was $5,457 (2016 - $5,018). As of August 31, 2017, the future lease commitments are as follows: Year Operating Lease 2018 $ 8,808 On June 1, 2015 the Company entered into Consultancy Agreements with two consultants whereby the consultants will assist the Company with the filing of the S-1 Registration Statement of the Company. In consideration for these services the Company will issue to each consultant 10,000 cashless warrants within ten days of the Company receiving an effectiveness notice of the S-1 filing from the Securities and Exchange Commission. The warrants have an exercise price of $5.00 and are exercisable for a two-year period following their issuance. During the six months ended August 31, 2017, the Company each consultant 10,000 cashless warrants pursuant to the agreements. On January 18, 2016, the Company entered into a Software Services Agreement whereby a company will provide services to develop software in consideration for 1,800,000 restricted shares of common stock to be issued within ten days of the completion of the software development. As of August 31, 2017, the services and software have not been completed. On June 3, 2016, the Company entered into a Consultancy Agreement for business advisory services in consideration for 300,000 restricted shares of common stock and 2,000,000 cashless warrants that have an exercise price of $3.50 and an exercise period of two years following the effectiveness notice of the S-1 filing from the Securities and Exchange Commission. On June 15, 2016, the Company issued 300,000 restricted shares of common stock with a fair value of $30,000 pursuant to the agreement. On May 29, 2017, the Company issued 2,000,000 cashless warrants pursuant to the agreement.

Concentrations

Concentrations	6 Months Ended
	Aug. 31, 2017
Concentrations
Concentrations	7. Concentrations The Company’s revenues were concentrated among three customers for the six months ended August 31, 2017 and two customers for the six months ended August 31, 2016: Customer Six Months 1 39 % 2 14 % 3 14 % Customer Six Months 1 25 % 2 15 %

Subsequent Events

Subsequent Events	6 Months Ended
	Aug. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	8. Subsequent Events On April 16, 2018, pursuant to an Asset Purchase Agreement, the Company acquired software named “Theme Studio” from Twin Harbor Web Solutions in exchange for 2,000,000 common stock shares of the Company. The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of August 31, 2017, have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “ Subsequent Events

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Aug. 31, 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.
Interim Financial Statements	b) Interim Financial Statements The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year end February 28, 2017, have been omitted.
Use of Estimates	c) 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.
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.
Revenue Recognition	e) 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.
Earnings (Loss) Per Share	f) Earnings (Loss) Per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “ Earnings per Share
Going Concern	g) 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 May 31, 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	h) 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.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Aug. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment, net, consists of the following: Cost Accumulated August 31, February 28, IT equipment $ 3,932 $ (1,835 ) $ 2,097 $ 2,724 Motor vehicle 21,143 (19,933 ) 1,210 3,328 Furniture and fixtures 3,103 (1,981 ) 1,122 1,011 Office equipment 2,439 (822 ) 1,617 1,864 Total $ 30,617 $ (24,571 ) $ 6,046 $ 8,927

Warrants (Tables)

Warrants (Tables)	6 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
Schedule of Company Warrants	The following table summarizes the continuity of the Company’s warrants: Number of Weighted average exercise price Balance, February 28, 2017 — — Issued 2,020,000 3.51 Balance, August 31, 2017 2,020,000 3.51

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Aug. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of August 31, 2017, the future lease commitments are as follows: Year Operating Lease 2018 $ 8,808

Concentrations (Tables)

Concentrations (Tables)	6 Months Ended
	Aug. 31, 2017
Risks and Uncertainties [Abstract]
Schedules of Concentration of Risk, by Risk Factor	The Company’s revenues were concentrated among three customers for the six months ended August 31, 2017 and two customers for the six months ended August 31, 2016: Customer Six Months 1 39 % 2 14 % 3 14 % Customer Six Months 1 25 % 2 15 %

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	Aug. 31, 2017	Feb. 28, 2017
Property, Plant and Equipment [Line Items]
Cost	$ 30,617
Accumulated depreciation	(24,571)
Net Carrying Value	6,046	$ 8,927
IT equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	3,932
Accumulated depreciation	(1,835)
Net Carrying Value	2,097	2,724
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Cost	21,143
Accumulated depreciation	(19,933)
Net Carrying Value	1,210	3,328
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Cost	3,103
Accumulated depreciation	(1,981)
Net Carrying Value	1,122	1,011
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	2,439
Accumulated depreciation	(822)
Net Carrying Value	$ 1,617	$ 1,864

Property and Equipment, Net (20

Property and Equipment, Net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,609	$ 1,381	$ 3,206	$ 2,629

Warrants (Details)

Warrants (Details) - Warrant [Member]	6 Months Ended
	Aug. 31, 2017$ / sharesshares
Number of Warrants
Beginning Balance | shares
Issued | shares	2,020,000
Ending Balance | shares	2,020,000
Weighted average exercise price
Beginning Balance | $ / shares
Issued | $ / shares	3.51
Ending Balance | $ / shares	$ 3.51

Commitments and Contingencies (

Commitments and Contingencies (Details)	Aug. 31, 2017USD ($)
Commitments And Contingencies
2,018	$ 8,808

Commitments and Contingencies23

Commitments and Contingencies (Details Narrative)	Jun. 03, 2016$ / sharesshares	Apr. 18, 2016USD ($)	Jun. 01, 2015$ / sharesshares	May 28, 2017USD ($)	May 28, 2017ZAR (R)	May 28, 2016USD ($)	May 28, 2016ZAR (R)
Monthly base rate		$ 715
Operating leases commencement date		May 1, 2016
Exercise price (in dollars per share) | $ / shares	$ 3.50		$ 5
Number of warrants issued | shares	2,000,000		10,000
Warrants exercisable term (in years)	2 years		2 years
SOUTH AFRICA
Monthly base rate				$ 753		$ 685
Operating lease expense				$ 3,116		$ 1,768
Operating leases commencement date						Mar. 1, 2016	Mar. 1, 2016
SOUTH AFRICA | First Year [Member]
Monthly base rate | R							R 8,918
SOUTH AFRICA | Second Year [Member]
Monthly base rate | R					R 9,809
Restricted Stock [Member]
Number of shares issued for services (in shares) | shares	300,000

Concentrations (Details)

Concentrations (Details)	6 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Sales Revenue, Net [Member] | Customer One [Member]
Percentage of concentration risk	39.00%
Sales Revenue, Net [Member] | Customer Two [Member]
Percentage of concentration risk	14.00%
Sales Revenue, Net [Member] | Customer Three [Member]
Percentage of concentration risk	14.00%
Accounts Receivable [Member] | Customer One [Member]
Percentage of concentration risk		25.00%
Accounts Receivable [Member] | Customer Two [Member]
Percentage of concentration risk		15.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Apr. 16, 2018shares
Subsequent Event [Member] | Asset Purchase Agreement [Member] | Theme Studio [Member] | Twin Harbor Web Solutions [Member]
Number of shares issued	2,000,000