SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Aug. 31, 2013

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 28, 2013	$	0.75-$1.00	$	0.00		8,548,000
Cancelled		-		-		-
Granted	$	0.75	$	0.00		240,333
Outstanding, August 31, 2013	$	0.75-$1.00	$	0.00		8,788,333

Exercise price of options outstanding and options information

The exercise prices for the options outstanding at August 31, 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		8,788,333	6.40 years		$	0.79	6.50 years		8,421,666		$	0.79

Warrants Activity

Activity in issued and outstanding warrants is as follows:

	Number of Shares			Exercise Prices
Outstanding, February 28, 2013		38,783,290		$	0.75-$3.00
Granted		12,262,096		$	0.75
Cancelled		(5,005,000	)	$	0.75
Outstanding, August 31, 2013		46,040,386		$	0.75-$3.00

Exercise prices for the warrants outstanding and warrant information

The exercise prices for the warrants outstanding at August 31, 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		8,893,334		8,893,334	83 months	$	0.75	$	0.75	$	0.00
$	0.75		3,368,762		3,368,762	80 months	$	0.75	$	0.75	$	0.00
$	0.75-$1.00		8,756,942		8,756,942	71 months	$	0.81	$	0.81	$	0.00
$	1.00-$1.25		1,220,000		1,220,000	37 months	$	1.03	$	1.03	$	0.00
$	1.00		16,722,787		16,722,787	36 months	$	1.00	$	1.00	$	0.00
$	1.50		155,000		155,000	31 months	$	1.50	$	1.50	$	0.00
$	0.75-1.50		1,109,198		1,109,198	28 months	$	1.17	$	1.17	$	0.00
$	1.50		156,000		156,000	24 months	$	1.50	$	1.50	$	0.00
$	1.50		704,000		704,000	23 months	$	1.50	$	1.50	$	0.00
$	1.50		350,642		350,642	20 months	$	1.50	$	1.50	$	0.00
$	0.75-$2.00		58,000		58,000	16 months	$	1.78	$	1.78	$	0.00
$	2.00		725,721		725,721	13 months	$	2.00	$	2.00	$	0.00
$	0.75-2.00		3,650,000		3,650,000	10 months	$	1.03	$	1.03	$	0.00
$	3.00		170,000		170,000	3 months	$	3.00	$	3.00	$	0.00
			46,040,386		46,040,386