9 INCOME TAXES (Tables)

12 Months Ended

Feb. 29, 2016

Income Tax Disclosure [Abstract]

Income tax expense (benefit)

	Current		Deferred			Total
Year ended February 29, 2016:
U.S. federal	$	256,530		548,162			804,692
State		57,973		96,734			154,708
Total income tax expense (benefit)	$	314,503		644,896			959,399
Year ended February 28 2015:
U.S. federal	$	—		(633,032	)		(633,032	)
State		20,729		(112,687	)		(91,958	)
Total income tax expense	$	20,729		(745,719	)		(724,990	)

Expected income tax expense

	2016			2015
Expected tax expense (benefit)	$	815,617		$	(846,350	)
Permanent differences		13,255			5,149
Forfeiture of warrants (Note 8)		140,870			-
True up of state tax payable		(27,803	)		(7,014	)
Change in valuation allowance		17,460			123,225
Income tax expense (benefit)	$	959,399		$	(724,990	)

Deferred tax assets

	February 29,			February 28,
	2016			2015
Deferred tax assets:
NOL carryforwards	$	-		$	631,027
Depreciation		29,725			(15,484	)
Accrued expenses		160,027			88,556
Stock compensation		564,626			611,315
Other		-			48,963
Valuation allowance		(140,655	)		(123,225	)
Net deferred tax assets	$	613,716		$	1,241,152