Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v2.3.0.15
PROPERTY AND EQUIPMENT
6 Months Ended
Aug. 31, 2011
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3  PROPERTY AND EQUIPMENT


Property and equipment consists of the following at:


                   

 

 

August 31,

 

February 28,

 

Estimated

 

 

 

2011

 

2011

 

Useful Lives

 

 

 

 

 

 

 

 

 

 

 

Furniture and office  equipment

 

$

594,026

 

$

553,093

 

5 years

 

 

 

 

 

 

 

 

 

 

 

Manufacturing equipment and Tooling

 

 

1,172,832

 

 

1,125,089

 

7-12 years

 

 

 

 

1,766,858

 

 

1,678,182

 

 

 

Less: accumulated amortization and depreciation

 

 

1,360,342

 

 

1,316,822

 

 

 

Property and Equipment, Net

 

$

406,516

 

$

361,360

 

 

 


Depreciation expense was $22,628 and $14,382 for the three months ended August 31,2011 and August 31,2010 and $43,520 and $28,507 for the Six Months ended August 31, 2011 and August 31, 2010 respectively.