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BALANCE SHEETS - USD ($)
May 31, 2016
Feb. 29, 2016
Current    
Cash in bank $ 0 $ 1,298
Accounts receivable 15,750 36,675
Prepaids 17,295 12,970
Total Current Assets 33,045 50,943
Deposit 800 800
Total Assets 33,845 51,743
Current    
Bank overdraft 16,294 0
Accounts payable 526,561 524,516
Accounts payable-related party 35,884 35,884
Accrued expenses 1,238,076 1,186,047
Accrued expenses-related party 70,811 70,811
Royalty payable – related party 480,000 480,000
Notes payable, current portion 1,191,842 1,190,006
Notes payable, current portion – default 168,184 168,184
Notes payable – related party 439,590 439,590
Advances payable 46,000 0
Advances payable – related party 38,658 60,158
Dividends payable 432,179 424,281
Convertible promissory notes payable - default 584,447 584,447
Total Current Liabilities 5,268,526 5,163,924
Long-Term Liabilities    
Notes payable – related party 56,678 62,719
Total Long-Term Liabilities 56,678 62,719
Total Liabilities 5,325,204 5,226,643
STOCKHOLDERS’ DEFICIT    
Class A preferred shares, without par value, redeemable at $1 per share 20,000,000 shares authorized, 315,914 shares issued at May 31, 2016 (February 29, 2016: 315,914) 315,914 315,914
Common stock, without par value 500,000,000 shares authorized, 14,418,621 shares issued at May 31, 2016 (February 29, 2016: 13,687,678) 16,111,402 15,914,794
Common stock payable 140,849 244,849
Accumulated Deficit (21,859,524) (21,650,457)
Total Stockholders’ Deficit (5,291,359) (5,174,900)
Total Liabilities and Stockholders’ Deficit $ 33,845 $ 51,743