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12 SUBSEQUENT EVENTS
12 Months Ended
Feb. 29, 2016
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12:   SUBSEQUENT EVENTS

 

On March 18, 2016, the Board of Directors removed Mr. Carl Palmer from all of operational duties with the Company. Mr. Palmer remained a Director. This decision of the Board was the result of its dissatisfaction with Mr. Palmer's past performance regarding both ongoing operations and customer and employee relations. On April 26, 2016, the Board of Directors voted to return Mr. Palmer to CEO, with a co-management structure for senior management where Mr. James Place became President. This decision of the Board is the result of extensive negotiations on how to best move the Company forward toward its sales and profit goals. 

 

On April 14, 2016, the Company entered into a lease agreement on one facility that will house corporate offices, inventory and production at 22 Journey in Aliso Viejo, CA.  The lease is for 5 years with monthly payments of approximately $19,000. The Company is in the process of attempting to sub-lease all of its three current locations noted previously.


In May 2016, the Company has instituted a whistleblower policy using Mr. Place, the President and CFO, as a focal point for employee reporting.