XML 58 R10.htm IDEA: XBRL DOCUMENT

4 PROPERTY AND EQUIPMENT

12 Months Ended

Feb. 28, 2014

Property, Plant and Equipment [Abstract]

NOTE 4: PROPERTY AND EQUIPMENT

The following is a summary of property and equipment at February 28, 2014 and 2013:

	February 28,
	2014			2013
Tooling	$	341,783		$	300,874
Equipment		46,659			45,782
Computer equipment		30,716			28,672
Leasehold equipment		11,129			11,129
		430,287			386,457
Less: accumulated depreciation and amortization		(259,274	)		(206,581	)
Total	$	171,013		$	179,876

Fixed assets outside the United States included $274,717 and $229,931 in tooling and equipment, at cost, located in China with a third party to manufacture the Company’s component parts at February 28, 2014 and 2013, respectively. Depreciation expense included in operating expense was $54,569 and $46,463 for the fiscal years ended February 28, 2014 and 2013, 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.

+ References+ Details