SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Aug. 31, 2014

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, 2014	$	0.75-$1.00	$	0.00		8,602,333
Cancelled	$	0.75				(825,333	)
Granted		-				-
Outstanding, August 31, 2014	$	0.75-$1.00	$	0.00		7,777,000

Exercise price of options outstanding and options information

The exercise prices for the options outstanding at August 31, 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		7,777,000	5.4 years		$	0.79	5.5 years		7,777,000		$	0.79

Warrants Activity

Activity in issued and outstanding warrants is as follows:

	Number of Shares			Exercise Prices
Outstanding, February 28, 2014		48,503,720		$	0.75-$2.00
Granted		17,731,012		$	0.10-$0.75
Exercised		(17,334,540	)	$	0.10
Cancelled		(11,768,430	)	$	0.75-$1.50
Outstanding, August 31, 2014		37,131,762		$	0.10-$2.00

Exercise prices for the warrants outstanding and warrant information

The exercise prices for the warrants outstanding at August 31, 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
$	0.10-$0.75		17,731,012		17,731,012	80 months	$	0.55	$	0.55	$	0.00
$	0.75		1,082,734		1,082,734	78 months	$	0.75	$	0.75	$	0.00
$	0.75		1,000,000		1,000,000	68 months	$	0.75	$	0.75	$	0.00
$	0.75-$1.00		5,990,275		5,990,275	63 months	$	0.77	$	0.77	$	0.00
$	1.00-$1.25		795,000		795,000	25 months	$	1.05	$	1.05	$	0.00
$	1.00		8,272,187		8,272,187	23 months	$	1.00	$	1.00	$	0.00
$	1.50		105,000		105,000	19 months	$	1.50	$	1.50	$	0.00
$	0.75-1.50		709,198		709,198	16 months	$	1.25	$	1.25	$	0.00
$	1.50		156,000		156,000	12 months	$	1.50	$	1.50	$	0.00
$	1.50		704,000		704,000	11 months	$	1.50	$	1.50	$	0.00
$	1.50		350,642		350,642	8  months	$	1.50	$	1.50	$	0.00
$	2.00		235,714		235,714	2 months	$	2.00	$	2.00	$	0.00
			37,131,762		37,131,762