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STOCKHOLDERS' DEFICIT (Tables)
 12 Months Ended
Feb. 28, 2013
STOCKHOLDERS' DEFICIT [Abstract]  
Stock option activity
Activity in this plan is as follows:
 
 
2006 Plan
 
 
 
 
 
 
Weighted-Average Exercise Price
 
 
Aggregate Intrinsic Value
 
 
Number of Options
 
Outstanding, February 28, 2011
 
$
0.75
 
 
$
0.00
 
 
 
5,287,500
 
Granted
 
$
0.75-$1.00
 
 
 
 
 
 
 
1,319,000
 
Cancelled
 
$
0.75
 
 
 
 
 
 
 
(338,000
)
Outstanding, February 29, 2012
 
$
0.75-$1.00
 
 
$
0.00
 
 
 
6,268,500
 
Granted
 
$
0.75
 
 
 
 
 
 
 
2,590,500
 
Cancelled
 
$
0.75
 
 
 
 
 
 
 
(311,000
)
Outstanding, February 28, 2013
 
$
0.75-$1.00
 
 
$
0.00
 
 
 
8,548,000
 
 
Exercise price of options outstanding and options information
The exercise prices for the options outstanding at February 28, 2013, 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
 
 
 
8,548,000
 
6.9 years
 
$
0.76
 
7.0 years
8,048,000
 
$
0.76
 
 
Summary of non-vested share activity
A summary of the status of the Company's non-vested shares as of February 28, 2013, and changes during the year ended February 28, 2013, is presented below:
 
 
Non-vested Shares
 
 
Shares
 
 
Weighted-Average
Grant-Date
Fair Value
 
Non-vested at February 29, 2012
 
 
1,229,056
 
 
$
0.38
 
Granted
 
 
2,590,500
 
 
$
0.31
 
Vested
 
 
(3,319,556
)
 
$
0.38
 
 
 
 
 
 
 
 
 
Non-vested at February 28, 2013
 
 
500,000
 
 
$
0.38
 
 
 
 
 
 
 
 
 
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
 
 
8,756,942
 
 
$
0.75-$1.00
 
Expired
 
 
(983,390
)
 
$
3.00-$4.00
 
Outstanding, February 28, 2013
 
 
38,783,290
 
 
$
0.75-$3.00
 
 
Exercise prices for the warrants outstanding and warrant information
The exercise prices for the warrants outstanding at February 28, 2013, 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
 
$
0.75-$1.00
 
 
 
8,756,942
 
 
 
8,756,942
 
77 months
 
$
0.81
 
 
$
0.81
 
 
$
0.00
 
$
0.75-$1.00
 
 
 
6,225,000
 
 
 
6,225,000
 
43 months
 
$
0.99
 
 
$
0.99
 
 
$
0.00
 
$
1.00
 
 
 
16,722,787
 
 
 
16,722,787
 
42 months
 
$
1.00
 
 
$
1.00
 
 
$
0.00
 
$
1.50
 
 
 
155,000
 
 
 
155,000
 
37 months
 
$
1.50
 
 
$
1.50
 
 
$
0.00
 
$
0.75-1.50
 
 
 
1,109,198
 
 
 
1,109,198
 
34 months
 
$
1.17
 
 
$
1.17
 
 
$
0.00
 
$
1.50
 
 
 
156,000
 
 
 
156,000
 
30 months
 
$
1.50
 
 
$
1.50
 
 
$
0.00
 
$
1.50
 
 
 
704,000
 
 
 
704,000
 
29 months
 
$
1.50
 
 
$
1.50
 
 
$
0.00
 
$
1.50
 
 
 
350,642
 
 
 
350,642
 
26 months
 
$
1.50
 
 
$
1.50
 
 
$
0.00
 
$
0.75-$2.00
 
 
 
58,000
 
 
 
58,000
 
22 months
 
$
1.78
 
 
$
1.78
 
 
$
0.00
 
$
2.00
 
 
 
725,721
 
 
 
725,721
 
19 months
 
$
2.00
 
 
$
2.00
 
 
$
0.00
 
$
0.75-2.00
 
 
 
3,650,000
 
 
 
3,650,000
 
16 months
 
$
1.03
 
 
$
1.03
 
 
$
0.00
 
$
3.00
 
 
 
170,000
 
 
 
170,000
 
9 months
 
$
3.00
 
 
$
3.00
 
 
$
0.00
 
 
 
 
 
 
38,783,290
 
 
 
38,783,290