Consolidated Balance Sheets - USD ($)	Feb. 29, 2016	Feb. 28, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 2,062,873	$ 1,514,534
Accounts receivable, net of allowance for doubtful accounts and sales returns ofof $125,800 and $13,400, respectively	224,235	284,121
Related party receivable	39,575	12,601
Inventory, net	2,511,458	1,009,491
Deferred tax assets	62,145	629,838
Prepaid expenses, deposits, and other current assets	115,440	174,052
Total current assets	5,015,726	3,624,637
PROPERTY AND EQUIPMENT, NET	222,926	162,107
OTHER ASSETS
Intangible assets, net	51,343	152,643
Deferred tax assets, net of current portion	551,571	611,314
Other assets	15,651	25,491
TOTAL ASSETS	5,857,217	4,576,192
CURRENT LIABILITIES
Accounts payable and accrued expenses	$ 415,226	238,009
Accrued legal and settlement fees (Note 10)		$ 532,103
Income taxes payable	$ 317,145
Customer deposits	28,219	$ 119,215
Capital lease obligations, current portion	9,390	5,639
Total current liabilities	769,980	894,966
LONG-TERM LIABILITIES
Capital lease obligation, net of current portion	19,439	4,081
Total long-term liabilities	19,439	4,081
Total liabilities	$ 789,419	$ 899,047
STOCKHOLDERS' EQUITY
Preferred stock, 6,000,000 shares authorized, none issued or outstanding
Common stock $0.001 par value, 50,000,000 shares authorized, 26,390,313 and 25,913,646 shares issued and outstanding, respectively	$ 26,391	$ 25,914
Additional paid-in capital	8,827,118	8,457,603
Accumulated deficit	(3,773,431)	$ (4,806,372)
Less treasury stock at cost (36,000 shares)	(12,280)
Total Stockholders' Equity	5,067,798	$ 3,677,145
Total liabilities and stockholders' equity	$ 5,857,217	$ 4,576,192

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.