2. BASIC INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Aug. 31, 2015

Accounting Policies [Abstract]

Basic and Diluted income (loss) per share

	For the six months ended
	August 31,
	2015		2014
Numerator:
Net income (loss) available to common shareholders	$	987,575	$	(405,316	)
Weighted average shares – basic		26,158,646		25,891,146
Net income (loss) per share – basic	$	0.04	$	(0.02	)
Dilutive effect of common stock equivalents:
Warrants		1,894,062		-
Weighted average shares – diluted		27,807,708		25,891,146
Net income (loss) per share – diluted	$	0.04	$	(0.02	)

	For the three months ended
	August 31,
	2015		2014
Numerator:
Net income (loss) available to common shareholders	$	515,077	$	(342,588	)
Weighted average shares – basic		26,158,646		25,903,646
Net income (loss) per share – basic	$	0.02	$	(0.01	)
Dilutive effect of common stock equivalents:
Warrants		2,320,031		-
Weighted average shares – diluted		28,233,677		25,903,646
Net income  (loss) per share – diluted	$	0.02	$	(0.01	)