v3.26.1
FIXED ASSETS
 12 Months Ended
Feb. 28, 2026
Property, Plant, and Equipment [Abstract]  
FIXED ASSETS

7. FIXED ASSETS

 

Fixed assets consisted of the following:

  

   February 28,
2026		   February 28,
2025		 
Automobile  $74,237   $74,237 
Demo devices   265,421    302,186 
Tooling   107,020    107,020 
Machinery and equipment   17,246    8,825 
Computer equipment   157,448    157,448 
Office equipment   15,312    15,312 
Furniture and fixtures   21,225    21,225 
Warehouse equipment   38,746    36,305 
Leasehold improvements   26,956    26,956 
Fixed assets gross   723,611    749,514 
Less: Accumulated depreciation   (540,426)   (491,186)
Fixed assets, net of accumulated depreciation  $183,185   $258,328 

 

During the year ended February 28, 2026, the Company made additions to fixed assets of $10,863 and also additions through inventory transfers of $55,701. For the year ended February 28, 2026, the Company disposed of assets with a value $92,466 and related accumulated depreciation $70,154 with a net book value of $22,312 for zero net proceeds.

 

During the year ended February 28, 2025, the Company made additions to fixed assets of $23,724 and also additions through inventory transfers of $107,836.

 

Depreciation and amortization for the years ended February 28, 2026, and February 28, 2025, are as follows:

 

Depreciation and Amortization  Year Ended
February 28,
2026		   Year Ended
February 28,
2025		 
         
Fixed assets  $49,240   $141,309 
Revenue earning devices   91,811    287,830 
Total Depreciation and Amortization included in operating expenses  $141,051   $429,139 

 

 

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS