Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Jan. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 2 - PROPERTY AND EQUIPMENT, NET

 

Property and equipment as of January 31, 2021 and February 2, 2020 consists of:

 

    Estimated Life   2021     2020  
Office and store furniture, and equipment   5 Years   $ 7,729,168     $ 6,674,950  
Software   3 Years     3,628,108       2,652,960  
Leasehold improvements   Shorter of estimated useful life or lease term     33,828,176       28,071,912  
Tools, Dies, Molds   5 Years     215,412       97,876  
Construction in process   NA     2,097,065       2,193,218  
          47,497,929       39,690,916  
Accumulated depreciation and amortization         (21,629,949 )     (15,846,655 )
        $ 25,867,980     $ 23,844,261  

 

Depreciation expense was $6,099,675 in fiscal 2021 and $4,894,220 in fiscal 2020.