EQUIPMENT

6 Months Ended

Aug. 31, 2017

Property, Plant and Equipment [Abstract]

Equipment consists of the following:

	Estimated
	Useful Lives	August 31, 2017	February 28, 2017
Research equipment	7 years		$	630,170		$	601,720
Computer equipment	5 years			78,149			78,149
				708,319			679,869
Accumulated depreciation and amortization				(309,537	)		(265,234	)
Equipment, net			$	398,782		$	414,635

Depreciation and amortization expense was approximately $22,000 and approximately $24,000 for the three months ended August 31, 2017 and August 31, 2016, respectively. Depreciation of equipment utilized in research and development activities is included in research and development expenses and amounted to approximately $21,000 and approximately $20,000 for the three months ended August 31, 2017 and August 31, 2016, respectively. All other depreciation is included in general and administrative expense and amounted to approximately $1,000 and approximately $4,000 for the three months ended August 31, 2017 and August 31, 2016, respectively.

Depreciation and amortization expense was approximately $44,000 and approximately $48,000 for the six months ended August 31, 2017 and August 31, 2016, respectively. Depreciation of equipment utilized in research and development activities is included in research and development expenses and amounted to approximately $41,000 and approximately $40,000 for the six months ended August 31, 2017 and August 31, 2016, respectively. All other depreciation is included in general and administrative expense and amounted to approximately $3,000 and approximately $7,000 for the six months ended August 31, 2017 and August 31, 2016, respectively.

MetaStat, Inc. 10-Q