• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Property and Equipment, net
3 Months Ended
May 31, 2016
Notes to Financial Statements  
Note 3. Property and Equipment, net

                   
    Estimated Useful     May 31,     February 29,  
    Life     2016     2016  
    (years)              
                   
Machinery and Equipment   5 - 7     $ 1,230,973     $ 1,126,147  
Office equipment and furniture   5 - 8       115,933       108,030  
Leasehold improvements   3       324,924       314,786  
            1,671,830       1,548,963  
Less: accumulated depreciation           (243,530 )     (149,609 )
Property and equipment, net         $ 1,428,300     $ 1,399,354  

 

Depreciation expense is recorded as an operating expense in the consolidated statements of operations and comprehensive loss and amounted to $90,767 and $2,376 for the three months ended May 31, 2016 and 2015, respectively.