Triterras, Inc. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Contract Costs (Tables)

12 Months Ended

Feb. 28, 2022

As of

February 28,

2022

As of

February 28,

2021

US$

Capitalised contract costs (net)

—

2,773,611

The movement in capitalised contract costs is as follows:

	As of February 28, 2022			As of February 28, 2021
	US$			US$
Balance as of beginning of financial year		2,773,611			—
Contract costs incurred		—			5,350,000
Amortisation to marketing and sales expenses (Note 22)		(1,277,110	)		(1,153,831	)
Contract costs refunded		—			(322,558	)
Impairment loss		(1,496,501	)		(1,100,000	)
Balance as of end of financial year		—			2,773,611

The movement in the impairment of contract costs is as follows:

	As of February 28, 2022		As of February 28, 2021
	US$		US$
Balance as of beginning of financial year		1,100,000		—
Charge to profit or loss		1,496,501		1,100,000
Balance as of end of financial year		2,596,501		1,100,000