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12 SUBSEQUENT EVENTS
12 Months Ended
Feb. 28, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12:   SUBSEQUENT EVENTS

 

The Archette case discussed in Note 10 was settled on March 4, 2015, and the settlement amounts were recorded in the consolidated financial statements as of February 28, 2015.

 

Richard Parsons, then Chief Executive Officer retired on April 30, 2015 and forfeited 2,000,000 warrants that were previously granted to him. His retirement included resignation of his position as a Director and an Officer of the Company. The Company appointed Carl Palmer to the position of Chief Executive Officer, in addition to his positions as President and Director. The Company appointed Ms. Elise Eggett as Secretary and Director as a replacement for Mr. Parsons.