Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Feb. 28, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at:

 

                     
    February 28, 2017   February 29, 2016   Estimated Useful Lives  
                     
Land   $ 54,030   $ 54,030        
Building     171,094     171,094     20 years  
Furniture, office equipment, and leasehold improvements     1,022,942     923,394     3-10 years  
Manufacturing equipment and tooling     1,003,166     961,486     3-12 years  
      2,251,232     2,110,004        
                     
Less: accumulated depreciation     1,319,140     1,113,182        
Property and equipment, net   $ 932,092   $ 996,822        

 

Depreciation expense was $267,854 and $258,738 for the years ended February 28, 2017, and February 29, 2016, respectively.