XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
9 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Cash flow from operating activities:    
Net Loss $ (11,099,713) $ (7,861,076)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 137,440 140,083
Amortization of debt discount 366,830 72,000
(Gain)Loss on settlement of debt (714,340) 57,032
Provision for inventory obsolescence (154,109) 0
Amortization 266,135 0
Stock options and warrants expense 3,750,513 128,999
Stock issued for services 510,000 803,000
Beneficial conversion feature on convertible debt 70,641 0
(Increase) decrease in:    
Accounts receivable (250,687) (392,415)
Inventory 395,143 143,164
Other current assets and deposit (33,326) 36,268
Cash overdraft 0 67,393
Accounts payable, customer deposit and accrued expenses 763,895 2,210,963
Net cash used in operations (5,991,578) (4,594,589)
Investing activities:    
Acquisition of plant and equipment 0 (9,599)
Financing activities:    
Issuance of common stock 1,453,520 1,453,894
Proceeds from stock to be issued 0 50,000
Proceeds from (repayments of) notes payable, net 3,604,500 145,000
Proceeds from (repayments of) notes payable, related party, net 975,000 2,910,000
Net cash provided by financing activities: 6,033,020 4,558,894
Net increase (decrease) in cash & cash equivalents 41,442 (45,294)
Cash and cash equivalents at beginning of period 104,815 45,294
Cash and cash equivalents at end of period 146,257 0
Cash paid during the period for:    
Interest $ 60,136 $ 17,562