PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Feb. 28, 2014

PROPERTY, PLANT, AND EQUIPMENT [Abstract]

NOTE 5 – PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment at February 28, 2014 and February 28, 2013 consists of the following:

	2014			2013

Machinery and equipment	$	964,111		$	964,111
Furniture and fixtures		163,302			163,302
Leasehold improvements		-			485,080
		1,127,413			1,612,493
Less accumulated depreciation and amortization		(1,119,458	)		(1,572,023	)
Property, plant and equipment, net	$	7,955		$	40,470

Depreciation and amortization expense was $32,515 and $157,668 for the years ended February 28, 2014 and February 28, 2013, respectively.

- 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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