Transition report pursuant to Rule 13a-10 or 15d-10

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 10 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

                     
    December 31, 2017   February 28, 2017   Estimated
Useful Lives		  
                     
Land   $ 54,030   $ 54,030        
Building     171,094     171,094     20 years  
Furniture, office equipment, and leasehold improvements     1,052,501     1,022,942     3-10 years  
Manufacturing equipment and tooling     1,075,471     1,003,166     3-12 years  
   Total     2,353,096     2,251,232        
Less: accumulated depreciation     1,516,813     1,319,140        
Property and equipment, net   $ 836,283   $ 932,092        

 

Depreciation expense was $233,626 and $267,854 for the ten months ended December 31, 2017, and the twelve months ended February 28, 2017, respectively.