INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2013

INCOME TAXES [Abstract]

Components of tax expense

The Company did not record any income tax expense due to the net loss during the years ended February 28, 2013 and February 29, 2012. The actual tax benefit differs from the expected tax benefit computed by applying the combined United States corporate tax rate and the State of California tax rate of 40% to loss before income taxes as follows for the years ended February 28, 2013 and February 29, 2012:

	2013		2012
Current:	$		$
Federal		-		-
State		800		800
Total		800		800
Deferred
Federal		-		-
State		-		-
Total		-		-
Total Income Tax Provision
	$	800	$	800

Income tax rate reconciliation

The provision for income tax is included with other expense in the accompanying consolidated financial statements.

	2013			2012
Expected tax benefit		34.0	%		34.0	%
State income taxes, net of federal benefit		6.0			6.0
Changes in valuation allowance		(40.0	)		(40.0	)
Total		-	%		-	%

Schedule of deferred tax assets

The following table summarizes the significant components of our deferred tax asset at February 28, 2013 and February 29, 2012:

	2013			2012
Deferred tax asset
Primarily relating to net operating loss carry-forwards, but also reserves for inventory and accounts receivable, stock-based compensation and other	$	119,000,000		$	113,000,000
Valuation allowance		(119,000,000	)		(113,000,000	)
Net deferred tax asset	$	-		$	-