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Property and Equipment

6 Months Ended

Jul. 31, 2014

Property, Plant and Equipment [Abstract]

Note 3 - Property and Equipment:

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

	July 31, 2014		January 31, 2014
Machinery and Equipment	$	1,034,943	$	1,027,431
Furniture and Fixtures		14,672		4,525
Leasehold Improvements		208,814		2,733
		1,258,430		1,034,689
Less: Accumulated Depreciation		116,135		56,662
	$	1,142,295	$	978,027

At January 31, 2014, fixed assets in the amount of $826,340 were not in service.

Depreciation expense charged to income for the three months ended July 31, 2014 and June 30, 2013 amounted to $44,736 and $6,492, respectively. Depreciation expense charged to income for the six months ended July 31, 2014 and June 30, 2013 and the one month ended January 31, 2014 amounted to $59,473, $9,752 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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