XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
May 31, 2014
May 31, 2013
Cash flow from operating activities:    
Net Loss $ (4,008,292) $ (2,979,243)
Adjustments to reconcile Net loss to net cash used in operating activities    
Depreciation Expense 3,992 19,110
Debt discount 0 (753,796)
Amortization of debt discount 214,073 224,723
Gain on Conversion 0 (203,110)
Stock issued for services 420,000 297,725
Provision for inventory obsolescence (92,825) (43,088)
Stock options and warrants expense 1,397,597 901,195
(Increase) decrease in:    
Accounts receivable (36,997) (110,396)
Inventory 87,193 170,631
Other current assets and deposit (17,562) 47,164
Increase (decrease) in:    
Accounts payable, customer deposit and accrued expenses (111,016) 777,765
Net cash used in operations (2,143,837) (1,651,320)
Financing activities:    
Proceeds from warrant exercise 1,733,453 0
Proceeds from notes payable-net 70,000 955,000
Proceeds from convertible notes payable 0 845,700
Payments on convertible notes payable 0 (306,250)
Proceeds from notes payable-related party, net 400,000 82,000
Net cash provided by financing activities: 2,203,453 1,576,450
Net increase (decrease) in cash & cash equivalents 59,616 (74,870)
Cash and cash equivalents at beginning of period 40,927 89,196
Cash and cash equivalents at end of period 100,543 14,326
Cash paid during the period for:    
Interest 0 45,031
Income taxes $ 0 $ 0