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Buildings, Equipment, Furnishings and Leasehold Improvements

12 Months Ended

Feb. 28, 2015

Property, Plant and Equipment [Abstract]

Buildings, Equipment, Furnishings and Leasehold Improvements

NOTE 6: BUILDINGS, EQUIPMENT, FURNISHINGS AND LEASEHOLD IMPROVEMENTS

Equipment, furnishings and leasehold improvements consist of the following:

	February 28,
	2015			2014
Buildings	$	2,250,000		$	2,250,000
Laboratory equipment		778,336			708,899
Machinery and equipment		753,279			646,983
Leasehold improvements		308,722			228,860
Tradeshow and demonstration equipment		999,758			999,758
Furniture and fixtures		754,103			674,489
Totals		5,844,198			5,508,988
Less: accumulated depreciation		(3,167,162	)		(2,799,975	)
	$	2,677,036		$	2,709,013

Depreciation expense for the years ended February 28, 2015 and 2014 was $396,576 and $332,617, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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