XML 30 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
8. COMMITMENTS AND CONTINGENCIES
6 Months Ended
Aug. 31, 2013
Notes to Financial Statements  
COMMITMENTS AND CONTINGENCIES

NOTE 8:  COMMITMENTS AND CONTINGENCIES

 

In the case titled Letty Garcia v. Carl Palmer; Seychelle Environmental Technologies, Inc., et, al., brought in the Superior Court for the State of California, San Diego County District, the issue was an action by the plaintiff, Ms. Garcia, to enforce judgment against Mr. Palmer by levying the assets of Seychelle. The court found against the Company in May 2012 for approximately $157,000.  This amount was reflected in our February 29, 2012 consolidated financial statements. The Company believed that the ruling was incorrect and has filed an appeal. We believe that the appeal will be heard in late 2013 or early 2014, and that the Company will prevail.

 

Otherwise, as of August 31, 2013, we know of no other legal proceedings pending or threatened, or judgments entered against the Company or any of our directors or officers in their capacity as such.