PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Feb. 29, 2012

PROPERTY, PLANT, AND EQUIPMENT [Abstract]

NOTE 5 - PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment at February 29, 2012 and February 28, 2011 consists of the following:

	2012		2011

Machinery and equipment	$	964,111	$	964,111
Furniture and fixtures		163,302		163,302
Leasehold improvements		485,080		485,080
		1,612,493		1,612,493
Less accumulated depreciation and amortization		1,414,354		1,231,651
Property, plant and equipment, net	$	198,139	$	380,842

Depreciation and amortization expense was $182,703 and $186,594 for the years ended February 29, 2012 and February 28, 2011, respectively. During the year ended February 28, 2011, we disposed of approximately $1.4 million of fixed assets. These assets were primarily related to our old computer system which we upgraded in the current year. All the assets disposed of were fully depreciated and there was no resulting gain or loss on the disposition of these assets.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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