SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Aug. 31, 2012

SHAREHOLDERS' EQUITY [Abstract]

Stock Option Activity

In September, 2006, our Board of Directors adopted the 2006 Employee Stock Option Plan. Activity in this plan is as follows:

	2006 Plan
		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Number of Options
Outstanding, February 29, 2012		$	0.75-$1.00	$	0.00		6,268,500
Cancelled		$	0.75				(313,000	)
Granted		$	0.75				564,000
Outstanding, August 31, 2012		$	0.75-$1.00	$	0.00		6,519,500

Exercise price of options outstanding and options information

The exercise prices for the options outstanding at August 31, 2012, and information relating to these options is as follows:

Options Outstanding							Exercisable Options
Range of Exercise Price		Number		Weighted Average Remaining Life	Weighted Average Exercise Price		Weighted Average Remaining Life	Number	Weighted Average Exercise Price
$	0.75-$1.00		6,519,500	2.78 years	$	0.80	2.29 years	5,027,168	$	0.77

Warrants Activity

Activity in issued and outstanding warrants is as follows:

	Number of Shares			Exercise Prices
Outstanding, February 29, 2012		31,009,738		$	0.75-$4.00
Granted		406,941		$	1.00
Expired		(523,595	)	$	4.00
Outstanding, August 31, 2012		30,893,084		$	0.75-$4.00

Exercise prices for the warrants outstanding and warrant information

The exercise prices for the warrants outstanding at August 31, 2012, and information relating to these warrants is as follows:

Range of Exercise Prices		Stock Warrants Outstanding		Stock Warrants Exercisable		Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price of Warrants Outstanding		Weighted-Average Exercise Price of Warrants Exercisable		Intrinsic Value
$	1.00		406,941		406,941	59 months	$	1.00	$	1.00	$	0.00
$	0.75-$1.00		6,225,000		6,225,000	49 months	$	0.99	$	0.99	$	0.00
$	1.00		16,722,787		16,722,787	48 months	$	1.00	$	1.00	$	0.00
$	1.50		155,000		155,000	43 months	$	1.50	$	1.50	$	0.00
$	0.75-1.50		1,109,198		1,109,198	40 months	$	1.17	$	1.17	$	0.00
$	1.50		156,000		156,000	36 months	$	1.50	$	1.50	$	0.00
$	1.50		704,000		704,000	35 months	$	1.50	$	1.50	$	0.00
$	1.50		350,642		350,642	32 months	$	1.50	$	1.50	$	0.00
$	0.75-$2.00		58,000		58,000	28 months	$	1.78	$	1.78	$	0.00
$	2.00		725,721		725,721	25 months	$	2.00	$	2.00	$	0.00
$	0.75-2.00		3,650,000		3,650,000	22 months	$	1.03	$	1.03	$	0.00
$	3.00		170,000		170,000	15 months	$	3.00	$	3.00	$	0.00
$	3.00-$4.00		459,795		495,795	1 months	$	3.46	$	3.46	$	0.00
			30,893,084		30,893,084