IT

platform

Software

License

Business relationships

Brand name

Development

costs

Total

US$

US$

US$

US$

US$

US$

US$

Cost

As of February 29, 2020

300,149

—

—

—

—

—

300,149

Additions

9,457,562

—

—

—

—

204,448

9,662,010

Reclassification to IT platform

186,317

—

—

—

—

(186,317

)

—

As of February 28, 2021

9,944,028

—

—

—

—

18,131

9,962,159

Additions

—

3,200,000

—

—

—

4,073,566

7,273,566

Acquired through business combination

—

977,921

265,992

283,107

1,067,948

—

2,594,968

As of February 28, 2022

9,944,028

4,177,921

265,992

283,107

1,067,948

4,091,697

19,830,693

Accumulated amortisation

As of February 29, 2020

9,172

—

—

—

—

—

9,172

Amortisation for the year

141,644

—

—

—

—

—

141,644

As of February 28, 2021

150,816

—

—

—

—

—

150,816

Amortisation for the year

1,343,377

162,987

44,332

23,592

88,996

—

1,663,284

As of February 28, 2022

1,494,193

162,987

44,332

23,592

88,996

—

1,814,100

Impairment loss

As of February 29, 2020

—

—

—

—

—

—

—

Impairment loss

1,907,503

—

—

—

—

—

1,907,503

As of February 28, 2021

1,907,503

—

—

—

—

—

1,907,503

Impairment loss

—

—

—

—

—

—

—

As of February 28, 2022

1,907,503

—

—

—

—

—

1,907,503

Carrying amounts

As of 28 February 2021

7,885,709

—

—

—

—

18,131

7,903,840

As of 28 February 2022

6,542,332

4,014,934

221,660

259,515

978,952

4,091,697

16,109,090