Stockholders' Deficit (Tables)

12 Months Ended

Feb. 29, 2016

	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
Granted		-				-
Cancelled	$	0.75				(825,833	)
Outstanding, February 28, 2015	$	0.75-$1.00	$	0.00		7,777,000
Granted		-				-
Cancelled	$	0.75				(553,000	)
Outstanding, February 29, 2016	$	0.75-$1.00				7,224,000

Schedule of exercise price options outstanding

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

7,224,000

4 years

0.79

4 years

7,224,000

0.79

Schedule of activity in issued and outstanding warrants

	Number of Shares			Exercise Prices

Outstanding, February 28, 2015		37,546,048		$	0.10-$1.50
Granted		-			-
Exercised		-			-
Expired		(1,919,840	)	$	0.75-$1.50
Outstanding, February 29, 2016		35,626,208		$	0.10-$1.50

Schedule of exercise prices warrants outstanding

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		18,381,012		18,381,012	61 months	$	0.56	$	0.56	$	0.00
$	0.75		1,082,734		1,082,734	60 months	$	0.75	$	0.75	$	0.00
$	0.75		1,000,000		1,000,000	50 months	$	0.75	$	0.75	$	0.00
$	0.75-$1.00		5,990,275		5,990,275	45 months	$	0.77	$	0.77	$	0.00
$	1.00-$1.25		795,000		795,000	7 months	$	1.05	$	1.05	$	0.00
$	1.00		8,272,187		8,272,187	5 months	$	1.00	$	1.00	$	0.00
$	1.50		105,000		105,000	1 months	$	1.50	$	1.50	$	0.00

			35,626,208		3,5262,208

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details