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Shareholders' Equity (Tables)

3 Months Ended

May 31, 2016

Schedule of 2006 employee stock option plan

	2006 Plan
	Weighted- Average Exercise Price		Aggregate Intrinsic Value		Number of Options
Outstanding, February 29, 2016		$0.75-$1.00	$	0.00		7,224,000
Cancelled		-		-		-
Granted		-		-		-
Outstanding, May 31, 2016		$0.75-$1.00	$	0.00		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

3.75 years

0.79

3.75 years

7,224,000

0.79

Schedule of activity in issued and outstanding warrants

	Number of Shares			Exercise Prices
Outstanding, February 29, 2016		36,726,208			$0.10-$1.50
Granted		-			-
Exercised		-			-
Cancelled		(1,657,188	)		$1.00-$1.50
Outstanding, May 31, 2016		35,069,020			$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		19,481,012		19,481,012	58 months	$	0.56	$	0.56	$	0.00
$0.75		1,082,734		1,082,734	57 months	$	0.75	$	0.75	$	0.00
$0.75		1,000,000		1,000,000	47 months	$	0.75	$	0.75	$	0.00
$0.75-$1.00		5,990,275		5,990,275	42 months	$	0.77	$	0.77	$	0.00
$1.00-$1.25		795,000		795,000	4 months	$	1.05	$	1.05	$	0.00
$1.00		6,719,999		6,719,999	3 months	$	1.00	$	1.00	$	0.00

		35,069,020		35,069,020

- 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