Exhibit 99.2
Triterras Inc. and Subsidiaries
Registration Number: 201801540M
Interim Condensed Consolidated Financial Statements
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
Interim condensed consolidated statements of financial position
|
|
Note |
|
|
As of August 31, 2022 (Unaudited) |
|
|
As of February 28, 2022 (Audited) |
|
|||
|
|
|
|
|
|
US$ |
|
|
US$ |
|
||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment |
|
|
4 |
|
|
|
1,658,258 |
|
|
|
1,929,664 |
|
Intangible assets |
|
|
5 |
|
|
|
16,335,156 |
|
|
|
16,109,090 |
|
Goodwill |
|
|
6 |
|
|
|
4,630,870 |
|
|
|
4,630,870 |
|
Other investments |
|
|
7 |
|
|
|
26,244,948 |
|
|
|
25,142,783 |
|
Non-current assets |
|
|
|
|
|
|
48,869,232 |
|
|
|
47,812,407 |
|
Trade receivables |
|
8 |
|
|
|
41,159,984 |
|
|
|
43,850,652 |
|
|
Loan receivables |
|
9 |
|
|
|
13,390,484 |
|
|
|
4,655,371 |
|
|
Other current assets |
|
|
10 |
|
|
|
6,825,464 |
|
|
|
5,381,546 |
|
Current tax assets |
|
|
|
|
|
|
— |
|
|
|
251,067 |
|
Restricted cash |
|
|
11 |
|
|
|
4,750,000 |
|
|
|
— |
|
Cash and cash equivalents |
|
|
11 |
|
|
|
33,930,557 |
|
|
|
68,809,057 |
|
Current assets |
|
|
|
|
|
|
100,056,489 |
|
|
|
122,947,693 |
|
Total assets |
|
|
|
|
|
|
148,925,721 |
|
|
|
170,760,100 |
|
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
Share capital |
|
|
12 |
|
|
|
8,320 |
|
|
|
8,320 |
|
Additional paid-in capital |
|
|
|
|
|
|
172,290,724 |
|
|
|
172,290,724 |
|
Treasury shares |
|
|
12 |
|
|
|
(49,866,509 |
) |
|
|
(49,866,509 |
) |
Translation reserve |
|
|
|
|
|
|
(647 |
) |
|
|
(282 |
) |
Retained earnings |
|
|
|
|
|
|
275,410 |
|
|
|
21,909,880 |
|
Equity attributable to owners of the Company |
|
|
|
|
|
|
122,707,298 |
|
|
|
144,342,133 |
|
Non-controlling interests |
|
|
|
|
|
|
(2,825 |
) |
|
|
(3,490 |
) |
Total equity |
|
|
|
|
|
|
122,704,473 |
|
|
|
144,338,643 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Lease liabilities |
|
|
13 |
|
|
|
1,181,660 |
|
|
|
1,194,027 |
|
Deferred tax liabilities |
|
|
14 |
|
|
|
2,601,922 |
|
|
|
2,764,901 |
|
Other payables |
|
|
15 |
|
|
|
203,637 |
|
|
|
1,067,321 |
|
Non-current liabilities |
|
|
|
|
|
|
3,987,219 |
|
|
|
5,026,249 |
|
Loans and borrowings |
|
|
16 |
|
|
|
2,975,000 |
|
|
|
— |
|
Other payables |
|
|
15 |
|
|
|
13,568,072 |
|
|
|
17,770,448 |
|
Contract liabilities |
|
|
18 |
|
|
|
60,000 |
|
|
|
60,000 |
|
Lease liabilities |
|
|
13 |
|
|
|
400,526 |
|
|
|
344,781 |
|
Deferred income |
|
|
|
|
|
|
170,405 |
|
|
|
180,838 |
|
Warrants liabilities |
|
|
17 |
|
|
|
5,060,026 |
|
|
|
3,039,141 |
|
Current liabilities |
|
|
|
|
|
|
22,234,029 |
|
|
|
21,395,208 |
|
Total liabilities |
|
|
|
|
|
|
26,221,248 |
|
|
|
26,421,457 |
|
Total equity and liabilities |
|
|
|
|
|
|
148,925,721 |
|
|
|
170,760,100 |
|
The accompanying notes form an integral part of the interim condensed consolidated financial statements.
F-2
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
Interim condensed consolidated statements of comprehensive income (unaudited)
|
|
Note |
|
|
Six months ended August 31, 2022 |
|
|
Six months ended August 31, 2021 |
|
|||
|
|
|
|
|
|
US$ |
|
|
US$ |
|
||
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
- Platform fees |
|
|
|
|
|
|
5,685,746 |
|
|
|
22,878,504 |
|
- Trade marketplace |
|
|
|
|
|
|
20,720,093 |
|
|
|
— |
|
|
|
|
18 |
|
|
|
26,405,839 |
|
|
|
22,878,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
- Platform fees |
|
|
|
|
|
|
(1,785,544 |
) |
|
|
(1,343,505 |
) |
- Trade marketplace |
|
|
|
|
|
|
(20,337,324 |
) |
|
|
— |
|
|
|
|
19 |
|
|
|
(22,122,868 |
) |
|
|
(1,343,505 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketing and sales |
|
|
20 |
|
|
|
(331,737 |
) |
|
|
(953,108 |
) |
General and administrative |
|
|
21 |
|
|
|
(10,030,101 |
) |
|
|
(14,063,733 |
) |
Impairment loss on trade and loan receivables |
|
|
|
|
|
|
(14,403,932 |
) |
|
|
(3,864,116 |
) |
Total costs and expenses |
|
|
|
|
|
|
(24,765,770 |
) |
|
|
(18,880,957 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Results from operating activities |
|
|
|
|
|
|
(20,482,799 |
) |
|
|
2,654,042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
|
|
|
|
24,579 |
|
|
|
1,320 |
|
Change in fair value of warrants liabilities |
|
17 |
|
|
|
(2,020,885 |
) |
|
|
25,317,732 |
|
|
Unrealised gain on other investments |
|
7 |
|
|
|
1,102,165 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance income |
|
|
|
|
|
|
105,663 |
|
|
|
6,538 |
|
Finance costs |
|
|
|
|
|
|
(525,508 |
) |
|
|
(58,732 |
) |
Net finance costs |
|
|
|
|
|
|
(419,845 |
) |
|
|
(52,194 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Profit before income tax |
|
|
|
|
|
|
(21,796,785 |
) |
|
|
27,920,900 |
|
Income tax credit/(expense) |
|
|
|
|
|
|
162,980 |
|
|
|
(643,940 |
) |
(Loss)/Profit for the period |
|
|
|
|
|
|
(21,633,805 |
) |
|
|
27,276,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive (losses)/income |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign operations – foreign currency translation differences |
|
|
|
|
|
|
(379 |
) |
|
|
(282 |
) |
Total comprehensive (losses)/income for the period |
|
|
|
|
|
|
(21,634,184 |
) |
|
|
27,276,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Profit attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
Owners of the Company |
|
|
|
|
|
|
(21,634,470 |
) |
|
|
27,276,569 |
|
Non-controlling interests |
|
|
|
|
|
|
665 |
|
|
|
391 |
|
|
|
|
|
|
|
|
(21,633,805 |
) |
|
|
27,276,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Earnings per share attributable to equity holders of the Company |
|
|
|
|
|
|
|
|
|
|
|
|
- Basic and diluted |
|
|
25 |
|
|
|
(0.28 |
) |
|
|
0.35 |
|
The accompanying notes form an integral part of the interim condensed consolidated financial statements.
F-3
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
Interim condensed consolidated statements of changes in equity
|
|
Ordinary shares |
|
|
Additional paid-in capital |
|
|
Treasury shares |
|
|
(Accumulated loss)/ Retained earnings |
|
|
Translation reserve |
|
|
Non-controlling interests |
|
|
Total Equity |
|
|||||||
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 28, 2021 (Audited) |
|
|
8,320 |
|
|
|
172,290,724 |
|
|
|
(14,276,718 |
) |
|
|
(11,517,139 |
) |
|
|
— |
|
|
|
— |
|
|
|
146,505,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,276,569 |
|
|
|
— |
|
|
|
391 |
|
|
|
27,276,960 |
|
Other comprehensive losses for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(75 |
) |
|
|
— |
|
|
|
(75 |
) |
Total comprehensive income for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,276,569 |
|
|
|
(75 |
) |
|
|
391 |
|
|
|
27,276,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transactions with owner, recognised directly in equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contributions by owner |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition of treasury shares |
|
|
— |
|
|
|
— |
|
|
|
(35,589,791 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(35,589,791 |
) |
Total transactions with owner |
|
|
— |
|
|
|
— |
|
|
|
(35,589,791 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(35,589,791 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2021 (Unaudited) |
|
|
8,320 |
|
|
|
172,290,724 |
|
|
|
(49,866,509 |
) |
|
|
15,759,430 |
|
|
|
(75 |
) |
|
|
391 |
|
|
|
138,192,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 28, 2022 (Audited) |
|
|
8,320 |
|
|
|
172,290,724 |
|
|
|
(49,866,509 |
) |
|
|
21,909,880 |
|
|
|
(282 |
) |
|
|
(3,490 |
) |
|
|
144,338,643 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive losses for the period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(21,634,470 |
) |
|
|
— |
|
|
|
665 |
|
|
|
(21,633,805 |
) |
Other comprehensive loss for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(365 |
) |
|
|
— |
|
|
|
(365 |
) |
Total comprehensive losses for the period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(21,634,470 |
) |
|
|
(365 |
) |
|
|
665 |
|
|
|
(21,634,170 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2022 (Unaudited) |
|
|
8,320 |
|
|
|
172,290,724 |
|
|
|
(49,866,509 |
) |
|
|
275,410 |
|
|
|
(647 |
) |
|
|
(2,825 |
) |
|
|
122,704,473 |
|
The accompanying notes form an integral part of the interim condensed consolidated financial statements.
F-4
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
Interim condensed consolidated statements of cash flows (unaudited)
|
|
Note |
|
Six months ended August 31, 2022 |
|
|
Six months ended August 31, 2021 |
|
||
|
|
|
|
US$ |
|
|
US$ |
|
||
Cash flows from operating activities |
|
|
|
|
|
|
|
|
|
|
(Loss)/Profit for the period |
|
|
|
|
(21,633,805 |
) |
|
|
27,276,960 |
|
Adjustments for: |
|
|
|
|
|
|
|
|
|
|
Finance costs |
|
|
|
|
525,508 |
|
|
|
58,732 |
|
Depreciation of property, plant and equipment |
|
4 |
|
|
360,452 |
|
|
|
262,808 |
|
Gain on sale of property, plant and equipment |
|
|
|
|
(48,472 |
) |
|
|
— |
|
Amortisation of intangible assets |
|
5 |
|
|
1,025,683 |
|
|
|
539,825 |
|
Amortisation of contract costs |
|
|
|
|
— |
|
|
|
638,555 |
|
Impairment loss on trade and loan receivables |
|
|
|
|
14,403,932 |
|
|
|
3,864,116 |
|
Income tax (credit)/expense |
|
|
|
|
(162,979 |
) |
|
|
643,940 |
|
Change in fair value of warrants liabilities |
|
17 |
|
|
2,020,885 |
|
|
|
(25,317,732 |
) |
Unrealised gain on investment |
|
|
|
|
(1,102,165 |
) |
|
|
— |
|
|
|
|
|
|
(4,610,961 |
) |
|
|
7,967,204 |
|
Changes in working capital: |
|
|
|
|
|
|
|
|
|
|
Trade receivables |
|
|
|
|
(11,695,001 |
) |
|
|
(17,870,544 |
) |
Loan receivables |
|
|
|
|
(8,753,376 |
) |
|
|
(202,551 |
) |
Other current assets |
|
10 |
|
|
(1,443,918 |
) |
|
|
1,579,054 |
|
Other payables |
|
|
|
|
(4,726,698 |
) |
|
|
985,420 |
|
Contract liabilities |
|
|
|
|
— |
|
|
|
(30,978 |
) |
Deferred income |
|
|
|
|
(10,433 |
) |
|
|
115,423 |
|
Cash used in operations |
|
|
|
|
(31,240,387 |
) |
|
|
(7,456,972 |
) |
Income tax refunded/(paid) |
|
|
|
|
251,067 |
|
|
|
(3,085,718 |
) |
Finance costs paid |
|
|
|
|
(226,256 |
) |
|
|
(58,732 |
) |
Net cash used in operating activities |
|
|
|
|
(31,215,576 |
) |
|
|
(10,601,422 |
) |
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
|
|
Acquisition of property, plant and equipment |
|
4 |
|
|
(455,132 |
) |
|
|
(174,557 |
) |
Proceeds from disposal of property, plant and equipment |
|
|
|
|
136,893 |
|
|
|
— |
|
Development expenditure |
|
5 |
|
|
(1,251,749 |
) |
|
|
(4,904,460 |
) |
Acquisition of subsidiaries, net of cash acquired |
|
|
|
|
— |
|
|
|
(3,827,377 |
) |
Acquisition of other investments |
|
7 |
|
|
— |
|
|
|
(15,000,000 |
) |
Net cash used in investing activities |
|
|
|
|
(1,569,988 |
) |
|
|
(23,906,394 |
) |
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
|
|
Proceeds from loans and borrowings |
|
|
|
|
2,975,000 |
|
|
|
— |
|
Lease payment |
|
|
|
|
(282,034 |
) |
|
|
(171,038 |
) |
Interest paid |
|
|
|
|
(35,902 |
) |
|
|
(30,091 |
) |
Repurchase of own shares |
|
|
|
|
— |
|
|
|
(35,589,791 |
) |
Net cash generated from/(used in) financing activities |
|
|
|
|
2,657,064 |
|
|
|
(35,790,920 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents |
|
|
|
|
(30,128,500 |
) |
|
|
(70,298,736 |
) |
Cash and cash equivalents at beginning of the period |
|
|
|
|
68,809,057 |
|
|
|
134,025,561 |
|
Restricted cash at beginning of the period |
|
|
|
|
— |
|
|
|
35,686,643 |
|
Less: Restricted cash at the end of the period |
|
|
|
|
(4,750,000 |
) |
|
|
— |
|
Cash and cash equivalents at end of the period |
|
|
|
|
33,930,557 |
|
|
|
99,413,468 |
|
The accompanying notes form an integral part of the interim condensed consolidated financial statements.
F-5
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
Notes to the interim condensed consolidated financial statements
These notes form an integral part of the interim condensed consolidated financial statements.
The interim condensed consolidated financial statements were authorised for issue by the Board of Directors on November 30, 2022.
1 |
Overview of the Company |
On July 29, 2020, Netfin Acquisition Corp., a Cayman Islands exempted company (“Netfin”), MVR Netfin LLC, a Nevada limited liability company, as the representative of Netfin as of the date of the Business Combination Agreement (as defined below) and immediately prior to the closing, (the “Netfin Representative”), the Company (formerly Netfin Holdco), Netfin Merger Sub, a Cayman Islands exempted company (“Netfin Merger Sub”), Symphonia Strategic Opportunities Limited (“SSOL”) and IKON Strategic Holdings Fund (“IKON”) (together with SSOL, the “Sellers”), entered into a Business Combination Agreement (the “Business Combination Agreement”). Pursuant to the Business Combination Agreement: (1) the Sellers agreed to sell, transfer, convey, assign and deliver to the Company all of issued and outstanding ordinary shares of Triterras Fintech Pte. Ltd. (“Fintech”) owned by the Sellers in exchange for an aggregate of $60,000,000 in cash, 51,622,419 Netfin Holdco Ordinary Shares of the Company, and up to an additional 15,000,000 ordinary shares of the Company upon the Company meeting certain financial or share price thresholds; and (2) Netfin Merger Sub, a wholly owned direct subsidiary of the Company, would merge with and into Netfin, with Netfin being the surviving corporation in the merger and a wholly owned direct subsidiary of the Company following the merger (the transactions described above, collectively, the “Business Combination”). The Business Combination was consummated on November 10, 2020 and on such date the Company changed its name from Netfin Holdco (“Holdco”) to Triterras, Inc.
Triterras, Inc. (the “Company”), incorporated in the Cayman Islands, is an investment holding company and the principal activities of the Company and its subsidiaries (the “Group”) are those relating to financial technology platform solutions using innovative blockchain-enabled technology which facilitate trading and trade finance for small and medium sized enterprises.
The Company’s immediate holding company as of August 31, 2022 is Symphonia Strategic Opportunities Limited, a company incorporated in Mauritius. Symphonia Strategic Opportunities is fully owned by an individual shareholder.
The registered office of the Company is Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.
2 |
Basis of preparation |
2.1 |
Basis of compilation |
The accompanying unaudited interim condensed consolidated financial statements as at August 31, 2022 and for the six months ended August 31, 2022 and 2021 have been prepared in accordance with International Financial Reporting Standards (“IFRS”) - IAS 34 Interim Financial Reporting as issued by International Accounting Standards Board (“IASB”).
The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements. Interim results of operations are not necessarily indicative of the results expected for the full fiscal year for any future period. These financial statements should be read in conjunction with the Group’s audited consolidated financial statements for the year ended February 28, 2022.
2.2 |
Use of estimates and judgements |
The preparation of the interim condensed consolidated financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
F-6
Triterras Inc. and Subsidiaries
Interim condensed consolidated financial statements (unaudited)
The Directors have assessed the Group’s ability to continue in operational existence for the foreseeable future and are satisfied that it is appropriate to continue to adopt the going concern basis of accounting in preparing the consolidated financial statements.
The significant judgements made by management in applying the Group’s accounting policies and key sources of estimation uncertainty were the same as described in the last annual financial statements.
3 |
Significant accounting policies |
The accounting policies applied in these interim condensed consolidated financial statements are the same as those applied in the Group’s financial statements as of and for the year ended February 28, 2022.
A number of new standards are effective for annual periods beginning after March 1, 2022 and earlier application is permitted; however, the Group has not early adopted the new or amended standards in preparing these interim condensed consolidated financial statements.
The following new and amended standards are not expected to have a significant impact on the Group’s interim condensed consolidated financial statements:
|
• |
Classification of Liabilities as Current or Non-current (Amendments to IAS 1). |
|
• |
IFRS 17 Insurance Contracts and amendments to IFRS 17 Insurance Contracts. |
|
• |
Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2). |
|
• |
Definition of Accounting Estimates (Amendments to IAS 8). |
|
• |
Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12. |
4 |
Property, plant and equipment |
|
|
Office equipment |
|
|
Fixtures and fittings |
|
|
Motor vehicles |
|
|
Right-of-use assets |
|
|
Total |
|
|||||
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|||||
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 28, 2021 |
|
|
32,772 |
|
|
|
258,360 |
|
|
|
156,402 |
|
|
|
1,229,376 |
|
|
|
1,676,910 |
|
Additions |
|
|
76,054 |
|
|
|
180,970 |
|
|
|
— |
|
|
|
759,629 |
|
|
|
1,016,653 |
|
Disposals |
|
|
(15,208 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(15,208 |
) |
As of February 28, 2022 |
|
|
93,618 |
|
|
|
439,330 |
|
|
|
156,402 |
|
|
|
1,989,005 |
|
|
|
2,678,355 |
|
Additions |
|
|
10,832 |
|
|
|
39,477 |
|
|
|
404,823 |
|
|
|
123,836 |
|
|
|
578,968 |
|
Disposals |
|
|
— |
|
|
|
(7,424 |
) |
|
|
(156,402 |
) |
|
|
(505,253 |
) |
|
|
(669,079 |
) |
As of August 31, 2022 |
|
|
104,450 |
|
|
|
471,383 |
|
|
|
404,823 |
|
|
|
1,607,588 |
|
|
|
2,588,244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 28, 2021 |
|
|
6,670 |
|
|
|
3,589< |