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

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

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant accounting policies (Policies)
Notes Tables
Notes Details

Revenue (Tables)

v3.22.2

Revenue (Tables)

12 Months Ended

Feb. 28, 2022

Revenue [Abstract]

Schedule of Revenue Arising from Contracts

This represents revenue arising from the Group contracts with.

	Year ended February 28, 2022		Year ended February 28, 2021		Year ended February 29, 2020
	US$		US$		US$
Platform fees
-Trade transaction modules		37,859,710		55,442,807		16,889,720
-License fees		29,124		30,918		8,458
-Financing fees		198,094		—		—
Trade marketplace		18,592,825		—		—
Total revenue		56,679,753		55,473,725		16,898,178

Summary of Information About Receivables and Contract Liabilities from Contracts with Customers

The following table provides information about receivables and contract liabilities from contracts with customers.

			As of February 28, 2022			As of February 28, 2021
	Note		US$			US$
Trade receivables, net		9		43,850,652			22,853,115
Contract liabilities				(60,000	)		(49,124	)

Summary of Significant Changes in Contract Liabilities Balances

Significant changes in the contract liabilities balances during the year are as follows:

	Year ended February 28, 2022			Year ended February 28, 2021
	US$			US$
Revenue recognised that was included in contract liabilities balance at the beginning of the year		49,124			97,542
Increases due to advances and license fees collected		60,000			36,750
Amounts recognised as revenue during the year		(29,124	)		(30,918	)
Advances utilised during the year		(20,000	)		(54,250	)
		60,000			49,124

- Definition

The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers]

+ References

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- Definition

The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities]

+ References

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-Number 15
-IssueDate 2021-01-01
-Paragraph 118
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+ References

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