KORU Medical Systems Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 29, 2012

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3

PROPERTY AND EQUIPMENT

Property and equipment consists of the following at:


	February 29, 2012		February 28, 2011		Estimated Useful Lives

Furniture, office equipment, and leasehold improvements	$	636,159	$	553,093		3-10 years
Manufacturing equipment and tooling		1,278,258		1,125,089		3-12 years
		1,914,417		1,678,182

Less: accumulated depreciation		1,415,477		1,316,822
Property and equipment, net	$	498,940	$	361,360

Depreciation expense was $98,655 and $60,205 for the years ended February 29, 2012 and February 28, 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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