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Property and Equipment

3 Months Ended

Apr. 30, 2014

Property, Plant and Equipment [Abstract]

Note 3 – Property and Equipment:

Property and equipment on April 30, 2014 and January 31, 2014 are as follows:

	April 30, 2014		January 31, 2014
Machinery and Equipment	$	1,038,953	$	1,027,341
Leasehold Improvements		77,203		7,258
		1,116,156		1,034,689
Less: Accumulated Depreciation		71,399		56,662
	$	1,044,757	$	978,027

At April 30, 2014 and January 31, 2014 fixed assets in the amount of $854,509 and $826,340 were not in service.

Depreciation expense charged to income for the three months ended April 30, 2014 and March 31, 2013 and the one month ended January 31, 2014 amounted to $14,737, $3,260 and $4,141, 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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