XML 23 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCKHOLDERS' DEFICIT (Tables)
12 Months Ended
Feb. 28, 2014
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, 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
 
Granted
 
$
0.75
       
240,333
 
Cancelled
 
$
0.75
       
(186,000
)
Outstanding, February 28, 2014
 
$
0.75-$1.00
  
$
0.00
   
8,602,333
 
Exercise price of options outstanding and options information
The exercise prices for the options outstanding at February 28, 2014, 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
   
8,602,333
 
5.9 years
 
$
0.76
 
6.0 years
  
8,235,666
  
$
0.76
 
Summary of non-vested share activity
A summary of the status of the Company's non-vested shares as of February 28, 2014, and changes during the year ended February 28, 2014, is presented below:

Non-vested Shares
  
Shares
 
 
Weighted-Average
Grant-Date
Fair Value
Non-vested at February 28, 2013
  
500,000
  
 
$
0.38
Granted
  
240,333
  
 
$
0.08
Vested
  
(373,666
 
$
0.31
 
  
 
 
 
 
 
Non-vested at February 28, 2014
  
366,667
  
 
$
0.38
 
  
 
 
 
 
 
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
  
14,895,430
  
$
0.75
 
Expired
  
(5,175,000
)
 
$
1.00-$3.00
 
Outstanding, February 28, 2014
  
48,503,720
  
$
0.75-$2.00
 
Exercise prices for the warrants outstanding and warrant information
The exercise prices for the warrants outstanding at February 28, 2014, 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
   
3,368,762
   
3,368,762
 
74 months
 
$
0.75
  
$
0.75
  
$
0.00
 
$
0.75
   
11,526,668
   
11,526,668
 
60 months
 
$
0.75
  
$
0.75
  
$
0.00
 
$
0.75-$1.00
   
8,756,942
   
8,756,942
 
65 months
 
$
0.81
  
$
0.81
  
$
0.00
 
$
0.75-$1.00
   
1,220,000
   
1,220,000
 
32 months
 
$
1.03
  
$
1.03
  
$
0.00
 
$
1.00
   
16,722,787
   
16,722,787
 
30 months
 
$
1.00
  
$
1.00
  
$
0.00
 
$
1.50
   
155,000
   
155,000
 
25 months
 
$
1.50
  
$
1.50
  
$
0.00
 
$
0.75-1.50
   
1,109,198
   
1,109,198
 
22 months
 
$
1.17
  
$
1.17
  
$
0.00
 
$
1.50
   
156,000
   
156,000
 
18 months
 
$
1.50
  
$
1.50
  
$
0.00
 
$
1.50
   
704,000
   
704,000
 
17 months
 
$
1.50
  
$
1.50
  
$
0.00
 
$
1.50
   
350,642
   
350,642
 
14 months
 
$
1.50
  
$
1.50
  
$
0.00
 
$
0.75-$2.00
   
58,000
   
58,000
 
10 months
 
$
1.78
  
$
1.78
  
$
0.00
 
$
2.00
   
725,721
   
725,721
 
7 months
 
$
2.00
  
$
2.00
  
$
0.00
 
$
0.75-2.00
   
3,650,000
   
3,650,000
 
4 months
 
$
1.03
  
$
1.03
  
$
0.00
 
     
48,503,720
   
48,503,720