Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Feb. 29, 2016
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT

Property and equipment consists of the following at:

 

                     
    February 29, 2016   February 28, 2015   Estimated Useful Lives  
                     
Land   $ 54,030   $ 54,030        
Building     171,094     171,094     20 years  
Furniture, office equipment, and leasehold improvements     923,394     887,959     3-10 years  
Manufacturing equipment and tooling     961,486     963,843     3-12 years  
      2,110,004     2,076,926        
                     
Less: accumulated depreciation     1,113,182     915,494        
Property and equipment, net   $ 996,822   $ 1,161,432        

Depreciation expense was $258,738 and $268,759 for the years ended February 29, 2016, and February 28, 2015, respectively.