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INTANGIBLE ASSETS
12 Months Ended
Feb. 29, 2012
Notes to Financial Statements  
INTANGIBLE ASSETS

 

NOTE 5:    INTANGIBLE ASSETS

 

The following is a summary of intangible assets at February 29, 2012 and February 28, 2011: 

 

    
    February 29,    February 28, 
    2012    2011 
Trademarks  $24,100   $24,100 
Patents   20,602    16,697 
    44,702    40,797 
Less: accumulated amortization   (38,903)   (33,554)
   $5,799   $7,243 

 

Intangible assets are amortized over their estimated useful economic lives of five years. Amortization expense related to intangibles was $5,349 and $5,204 during the fiscal years ended February 29, 2012 and February 28, 2011, respectively.  Amortization expense is expected to be approximately $5,000 in fiscal year 2012 and insignificant amounts thereafter.