Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v2.4.0.8
PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Feb. 28, 2014
PROPERTY AND EQUIPMENT [Abstract]  
Schedule of Property and Equipment

Property and equipment consists of the following at:


                     

 

 

February 28, 2014

 

February 28, 2013

 

Estimated Useful Lives

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

$

54,030

 

$

54,030

 

 

 

 

Building

 

 

171,094

 

 

171,094

 

 

20 years

 

Furniture, office equipment, and leasehold improvements

 

 

967,483

 

 

844,747

 

 

3-10 years

 

Manufacturing equipment and tooling

 

 

1,473,827

 

 

1,408,113

 

 

3-12 years

 

 

 

 

2,666,434

 

 

2,477,984

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: accumulated depreciation

 

 

1,827,375

 

 

1,601,998

 

 

 

 

Property and equipment, net

 

$

839,059

 

$

875,986