NOTES PAYABLE (Tables)

9 Months Ended

Nov. 30, 2012

NOTES PAYABLE [Abstract]

Notes payable

Notes payable consisted of the following:

	November 30, 2012		February 29, 2012
Demand notes payable, at 10%	$	721,000	$	150,000
Convertible Promissory Note dated August 10, 2012, due August 10, 2017, convertible into  shares of our common stock at a price of $0.76 per share. The note carries an interest rate of 7% with interest only payments due on the 10th of each month with the principal payment due on the maturity date.		708,520		-
Convertible Promissory Note dated October 2, 2012, due October 2, 2017, convertible into  shares of our common stock at a price of $0.76 per share. The note carries an interest rate of 7% with interest only payments due on the 2nd of each month with the principal payment due on the maturity date.		367,003		-
Convertible Promissory Note dated November 2, 2012, due January 4, 2013, convertible into  shares of our common stock at a price of $0.76 per share. The note carries an interest rate of 7% with interest only payments due on the 2nd of each month with the principal payment due on the maturity date.		350,000		-
Senior secured convertible note dated September 23, 2011, due March 23, 2013, with 12 monthly payments commencing April 23, 2012 of $306,250 per month. The notes have a stated interest rate of 0%, with prepaid interest of $175,000. Balance net of Beneficial Conversion Feature		788,301		1,161,430
		2,934,824		1,311,430
Less: Current portion	$	1,859,301	$	1,214,644
Long-term portion	$	1,075,523	$	96,786