7 RELATED PARTY TRANSACTIONS	12 Months Ended
Feb. 29, 2016
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	NOTE 7: RELATED PARTY TRANSACTIONS The Company paid consulting fees to the Company's primary shareholder (the TAM Irrevocable Trust (the TAM Trust), in which Cari Beck is the trustee and current Board member, as well as a daughter of Carl Palmer, an officer and Board member) totaling $138,000 and $252,000 during the years ended February 29, 2016 and February 28, 2015, respectively, which are included as a component of selling, general and administrative expenses on the consolidated statements of operations. During the year ended February 28, 2015, the Company paid $150,000 to TAM Trust for purchase of intellectual property retained by TAM when the Company was organized in 1998. During the years ended February 29, 2016 and February 28,2015, TAM Trust purchased, on behalf of the Company, $552,000 and $40,000, respectively, of raw materials from a vendor with which it already had a business relationship. During the year ended February 29, 2016, the Company reimbursed TAM for approximately $10,000 of business travel costs incurred on behalf of its CEO, Carl Palmer. During the year ended February 28, 2015, the Company reimbursed TAM for $1,500 it paid for tooling to a vendor with which it already had a business relationship. The Company utilizes the services of an individual, who is a related party to source materials and provide the manufacturing of component parts with third-party vendors in China. For the fiscal years ended February 29, 2016 and February 28,2015, purchases facilitated through the related party accounted for approximately 34% and 46%, respectively, of total raw material purchases. The Company paid approximately $44,000 and $37,000 in direct commissions to the related party consultant during the fiscal years ended February 29, 2016 and February 28,2015, respectively. In addition to the materials sourced, this related party also facilitated fixed asset purchases of $67,000 and $34,000 during the years ended February 29, 2016 and February 28, 2015, respectively. As of February 29, 2016 and February 28, 2015, the Company had a receivable due from its CEO of approximately $12,000 and $8,000. The amounts were paid in full subsequent to year-end. In addition, the Company had advanced amounts to employees of approximately $28,000 and $8,000 as of February 29, 2016 and February 28, 2015. These amounts are being repaid through direct payroll withdrawals. The Company also issued shares of restricted common stock to TAM and TAM's trustee (See Note 8).

7 RELATED PARTY TRANSACTIONS

12 Months Ended

Feb. 29, 2016

NOTE 7: RELATED PARTY TRANSACTIONS

The Company paid consulting fees to the Company's primary shareholder (the TAM Irrevocable Trust (the TAM Trust), in which Cari Beck is the trustee and current Board member, as well as a daughter of Carl Palmer, an officer and Board member) totaling $138,000 and $252,000 during the years ended February 29, 2016 and February 28, 2015, respectively, which are included as a component of selling, general and administrative expenses on the consolidated statements of operations.

During the year ended February 28, 2015, the Company paid $150,000 to TAM Trust for purchase of intellectual property retained by TAM when the Company was organized in 1998.

During the years ended February 29, 2016 and February 28,2015, TAM Trust purchased, on behalf of the Company, $552,000 and $40,000, respectively, of raw materials from a vendor with which it already had a business relationship. During the year ended February 29, 2016, the Company reimbursed TAM for approximately $10,000 of business travel costs incurred on behalf of its CEO, Carl Palmer. During the year ended February 28, 2015, the Company reimbursed TAM for $1,500 it paid for tooling to a vendor with which it already had a business relationship.

The Company utilizes the services of an individual, who is a related party to source materials and provide the manufacturing of component parts with third-party vendors in China. For the fiscal years ended February 29, 2016 and February 28,2015, purchases facilitated through the related party accounted for approximately 34% and 46%, respectively, of total raw material purchases. The Company paid approximately $44,000 and $37,000 in direct commissions to the related party consultant during the fiscal years ended February 29, 2016 and February 28,2015, respectively. In addition to the materials sourced, this related party also facilitated fixed asset purchases of $67,000 and $34,000 during the years ended February 29, 2016 and February 28, 2015, respectively.

As of February 29, 2016 and February 28, 2015, the Company had a receivable due from its CEO of approximately $12,000 and $8,000. The amounts were paid in full subsequent to year-end. In addition, the Company had advanced amounts to employees of approximately $28,000 and $8,000 as of February 29, 2016 and February 28, 2015. These amounts are being repaid through direct payroll withdrawals.

The Company also issued shares of restricted common stock to TAM and TAM's trustee (See Note 8).