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Buildings, Equipment, Furnishings and Leasehold Improvements

12 Months Ended

Feb. 28, 2014

Property, Plant and Equipment [Abstract]

Buildings, Equipment, Furnishings and Leasehold Improvements

NOTE 6: BUILDINGS, EQUIPMENT, FURNISHINGS AND LEASEHOLD IMPROVEMENTS

Equipment, furnishings and leasehold improvements consist of the following:

	February 28,
	2014			2013
Buildings	$	2,250,000		$	2,250,000
Laboratory equipment		708,899			651,562
Machinery and equipment		646,983			639,102
Leasehold improvements		228,860			207,979
Tradeshow and demonstration equipment		999,758			908,819
Furniture and fixtures		674,489			654,151
Totals		5,508,988			5,311,613
Less: accumulated depreciation		(2,799,975	)		(2,494,337	)
	$	2,709,013		$	2,817,276

Depreciation expense for the years ended February 28, 2014 and 2013 was $332,617 and $339,318, 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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