XML 14 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
12 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Condensed Consolidated Statements Of Income    
SALES $ 5,279,377 $ 4,378,436
COST OF SALES 2,802,565 3,303,274
GROSS PROFIT 2,476,812 1,075,162
OPERATING EXPENSES    
Selling, general and administrative expenses 1,614,885 2,414,225
Impairment of intangible assets (Note 5) 0 50,000
legal expenses 162,425 374,103
Depreciation and Amortization 60,232 80,781
Total operating expenses 1,837,542 2,919,109
INCOME (LOSS) FROM OPERATIONS 639,270 (1,843,947)
Interest income 28
Interest expense (4,394) (1,640)
Other income 32,728 475
Total other expense 28,334 (1,137)
INCOME (LOSS) BEFORE INCOME TAX BENEFIT (EXPENSE) 667,604 (1,845,084)
Provision for income taxes (6,697) (302,140)
NET INCOME (LOSS) $ 660,907 $ (2,147,224)
NET INCOME (LOSS) PER SHARE - BASIC $ 0.02 $ (0.08)
NET (LOSS) INCOME PER SHARE - DILUTED $ 0.02 $ (0.08)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC 26,574,313 26,574,313
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING DILUTED 26,574,313 26,574,313