v3.25.2
REVENUE EARNING DEVICES
3 Months Ended
May 31, 2025
Revenue Earning Devices  
REVENUE EARNING DEVICES

7. REVENUE EARNING DEVICES

 

Revenue earning devices consisted of the following:

  

   May 31, 2025   February 28, 2025 
Revenue earning devices  $7,726,899   $6,831,352 
Less: Accumulated depreciation   (2,744,231)   (2,292,172)
Total  $4,982,668   $4,539,180 

 

During the three months ended May 31, 2025, the Company made total additions to revenue earning devices of $895,547 which were transfers from inventory. During the three months ended May 31, 2024, the Company made total additions to revenue earning devices of $1,128,175 which were transfers from inventory

 

Depreciation and amortization for the years ended May 31, 2025, and May 31, 2024, are as follows:

  

Depreciation and Amortization RED 

Three Months Ended

May 31 2025

   Three Months Ended
May 31, 2024
 
         
Cost of Goods Sold  $447,955   $201,873 
Operating expenses   4,104    54,355 
Total Depreciation and Amortization RED  $452,059   $256,228 

 

 

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)