FIXED ASSETS

9 Months Ended

Nov. 30, 2022

Property, Plant and Equipment [Abstract]

FIXED ASSETS

7. FIXED ASSETS

Fixed assets consisted of the following:

	November 30, 2022			February 28, 2022
Automobile	$	84,880		$	84,880
Manufacturing equipment		25,625			16,800
Demo devices		63,979			16,539
Computer equipment and software		133,959			36,742
Office equipment		15,312			15,312
Warehouse equipment		11,415			11,415
Tooling		101,320			—
Leasehold improvements		15,568			5,329
		452,058			187,017
Less: Accumulated depreciation		(139,751	)		(49,065	)
	$	312,307		$	137,952

During the three months ended November 30, 2022, the Company made additions of $31,365 of which $19,961 were transfers from inventory with remaining additions of $11,404. During the nine months ended November 30, 2022, the Company made additions of $265,041 of which $47,440 were transfers from inventory with remaining additions of $217,601. During the three months and nine months ended November 30, 2021, the Company made additions of $2,372 and $34,534, respectively. During the nine months ended November 30, 2021, the Company sold a vehicle having a net book value of $875 for fair value proceeds of $30,000 and recorded a gain on disposal of fixed assets of $29,125.

Depreciation expense was $38,437 and $90,686 for the three and nine months ended November 30, 2022, respectively, and $5,951 and $14,446 for the three and nine months ended November 30, 2021, respectively.