Commitments and Contingencies

12 Months Ended

Feb. 28, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

6. Commitments and Contingencies

The Company’s lease of its corporate office in Irvine, California expires on February 28, 2014. On August 24, 2012, the Company entered into a Sublease Agreement, with Wet Products, Inc. (the “Sublessee”). The Sublessee has nonexclusive rights to the warehouse premises through September 30, 2013.

The Company’s lease of its manufacturing facility in Tijuana, Mexico expires on December 31, 2013. For the fiscal years ended February 28, 2013 and February 29, 2012, the Company incurred rent expense of $0.7 million and $0.6 million, respectively.

Although the Company is involved from time to time in litigation incidental to its business, management believes that the Company currently is not involved in any litigation which would have a material adverse effect on the financial position, results of operations or cash flows of the Company; however, class action lawsuits may be filed by third parties challenging our contemplated merger with JOC. If not ultimately dismissed, these lawsuits could adversely affect our business, financial position and results of operations and divert management’s attention and resources from other matters.