Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.19.1
Property and Equipment, Net
12 Months Ended
Feb. 03, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 2 – Property and Equipment, Net

 

Property and equipment as of February 3, 2019 and February 4, 2018 consists of:

 

    Estimated Life   2019     2018  
Office and store furniture, and equipment   5 Years   $ 4,798,414     $ 3,430,735  
Software   3 Years     2,707,666       2,429,149  
Leasehold improvements   Shorter of estimated
useful life or lease term
    20,088,812       13,859,312  
Construction in process   NA     2,222,218       638,373  
          29,817,110       20,357,569  
Accumulated depreciation and amortization         (11,222,031 )     (9,320,280 )
        $ 18,595,079     $ 11,037,289  

 

Depreciation expense was $2,935,202 in fiscal 2019 and $1,996,191 in fiscal 2018.