PROPERTY PLANT AND EQUIPMENT

12 Months Ended

Feb. 28, 2022

PROPERTY PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

As of February 28, 2022, and February 28, 2021, property, plant, and equipment consist of the following:

	February 28, 2022			February 28, 2021
Land	$	1,550,000		$	-
Building		2,650,000			-
Construction in Progress		609,000			-
Leasehold Improvements		287,000			287,000
Motor Vehicles		88,000			70,000
Computer Equipment		27,000			27,000
Machinery and Equipment		4,649,000			4,011,000
Subtotal		9,860,000			4,395,000
Less: Accumulated Depreciation and Amortization		(4,325,000	)		(4,114,000	)
Net Property, Plant and Equipment	$	5,535,000		$	281,000

Depreciation and amortization expense was $264,000 and $225,000 for the fiscal years ended February 28, 2022 and February 28, 2021, respectively, and is included in cost of sales in the accompanying statements of operations.

We will not be relocating our wafer fab to our new facility.  Certain wafer fab equipment with a net book value as of February 28, 2022 of $0 will not be transferred to our new facility and will be sold as scrap.