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

Deferred income

v3.22.2
Deferred income
12 Months Ended
Feb. 28, 2022
Disclosure Of Deferred Income [Abstract]  
Deferred income

 


 

18

Deferred income

 

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Government grants

 

 

180,838

 

 

 

75,848

 

 

The Group has been awarded a grant from the Monetary Authority of Singapore (MAS) and Enterprise Singapore. The grant received during the year amounted to US$121,516.  In prior years, the Group received US$78,463. Both grants are related to the development of the Kratos™ platform. The grant, recognised as deferred income, is being amortized over the useful life of the platform.