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Shareholders' Equity (Tables)

9 Months Ended

Nov. 30, 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, November 30, 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

3.25 years

0.79

3.25 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		(9,175,187	)	$	1.50
Outstanding, November 30, 2016		27,554,021			$0.10-$1.00

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	52 months	$	0.55	$	0.55	$	0.00
$0.75		1,082,734		1,082,734	51 months	$	0.75	$	0.75	$	0.00
$0.75		1,000,000		1,000,000	41 months	$	0.75	$	0.75	$	0.00
$0.75-$1.00		5,990,275		5,990,275	36 months	$	0.77	$	0.77	$	0.00

		27,554,021		27,554,021

- 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.

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