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BUILDINGS, EQUIPMENT, FURNISHINGS AND LEASEHOLD IMPROVEMENTS
 12 Months Ended
Feb. 28, 2023
Property, Plant and Equipment [Abstract]  
BUILDINGS, EQUIPMENT, FURNISHINGS AND LEASEHOLD IMPROVEMENTS

NOTE 6: BUILDINGS, EQUIPMENT, FURNISHINGS AND LEASEHOLD IMPROVEMENTS

 

Buildings, equipment, furnishings and leasehold improvements consist of the following:

 

          
   February 28,   February 28, 
   2023   2022 
Buildings  $2,250,000   $2,250,000 
Laboratory equipment   1,647,951    1,421,845 
Machinery and equipment   1,807,817    1,729,587 
Leasehold improvements   789,044    715,999 
Tradeshow and demonstration equipment   1,137,346    1,137,346 
Furniture and fixtures   1,302,545    1,206,918 
Totals   8,934,703    8,461,695 
Less: Accumulated depreciation   (6,309,707)   (5,900,511)
   $2,624,996   $2,561,184 

 

Depreciation expense for the years ended February 28, 2023 and February 28, 2022 was $492,055 and $416,083, respectively.