Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
12 Months Ended
Feb. 02, 2020
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 2 - PROPERTY AND EQUIPMENT, NET

 

Property and equipment as of February 2, 2020 and February 3, 2019 consists of:

 

    Estimated Life   2020     2019  
Office and store furniture, and equipment   5 Years   $ 6,674,950     $ 4,798,414  
Software   3 Years     2,652,960       2,707,666  
Leasehold improvements   Shorter of estimated useful life or lease term     28,071,912       20,088,812  
Tools, Dies, Molds   5 Years     97,876       -  
Construction in process   NA     2,193,218       2,222,218  
          39,690,916       29,817,110  
Accumulated depreciation and amortization         (15,846,655 )     (11,222,031 )
        $ 23,844,261     $ 18,595,079  

 

Depreciation expense was $4,894,220 in fiscal 2020 and $2,935,202 in fiscal 2019.