INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2014

INCOME TAXES [Abstract]

Components of tax expense

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, 2014 and February 28, 2013:

	2014		2013
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.

	2014			2013
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, 2014 and February 28, 2013:

	2014			2013
Deferred tax asset
Primarily relating to net operating loss carry-forwards, but also reserves for inventory and accounts receivable, stock-based compensation and other		11,000,000		$	119,000,000
Valuation allowance		(11,000,000	)		(119,000,000	)
Net deferred tax asset	$	-		$