Property and Equipment

6 Months Ended

Jul. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 3 - Property and Equipment:

Property and equipment on July 31, 2018 and January 31, 2018 are as follows:

	July 31, 2018		January 31, 2018
Machinery and Equipment	$	2,639,550	$	2,431,589
Furniture and Fixtures		81,099		71,969
Leasehold Improvements		2,788,037		2,071,169
		5,508,686		4,574,727
Less: Accumulated Depreciation		2,412,685		2,074,852
	$	3,096,001	$	2,499,875

During the six months ended July 31, 2018, leasehold improvements increase by approximately $717,000 in relation to the continued plant expansion in progress since 2017.

Depreciation expense charged to income for the three months ended July 31, 2018 and 2017 amounted to $203,591 and $133,124, respectively. Depreciation expense charged to income for the six months ended July 31, 2018 and 2017 amounted to $337,833 and $240,205, respectively.