2.4.0.800000018 - Disclosure - CAPITAL STOCKtruefalsefalse1false falsefalseFrom2013-03-01to2013-05-31http://www.sec.gov/CIK0001084597duration2013-03-01T00:00:002013-05-31T00:00:001true 1XPWR_NotesToFinancialStatementsAbstractXPWR_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes to Financial Statements2false 2us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00In October, 2008, the Company increased its authorized common stock from 10,000,000 to 100,000,000 shares, and changed the par value of the common stock from no par to $0.001 par value. The Company also reverse split the outstanding shares of common stock at a ratio of 7.7 to 1, leaving a total of 150,079 shares of common stock issued and outstanding following the split.   Common Stock   During the quarter year ending May 31, 2013, the following share-related transactions occurred:   <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">335,715 Common Shares valued at $123,237 were issued in payment of an account payable.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">442,500 common shares were issued for consulting services to multiple providers. The shares were valued at various market prices ranging between $0.15 and $0.16 per share. The combined value of the shares was $67,375, of which $59,375 was expensed during the May Quarter.</li> </ul> During the fiscal year ending February 28, 2013, the following share-related transactions occurred:   <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">206,718 Common Shares valued at $81,099 were issued in payment of an account payable.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1,508,644 common shares were issued for consulting services to multiple providers. The shares were valued at various market prices ranging between $0.35 and $0.45 per share. The combined value of the shares was $602,150, all of which was expensed during Fiscal 2013.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1,174,051 common shares were issued in connection with the conversion of the prior outstanding convertible note in the amount of $104,000.</li> </ul> During the fiscal year ending February 29, 2012, the following share-related transactions occurred:   <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">3,277,637 common shares were sold to unrelated third parties in a private placement at $1.05 per share for net proceeds of $3,164,611.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">304,721 common shares valued at $450,000 were issued to acquire assets.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">466,310 common shares were sold to unrelated third parties in a private placement at an average of $1.02 per share for net proceeds of $474,000.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1,250,000 common shares were sold to unrelated third parties in a private placement at an average of $0.80 per share for net proceeds of $1,000,000.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">625,000 common shares were sold to unrelated third parties in a private placement at an average of $0.40 per share for net proceeds of $250,000.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">3,714,050 common shares were sold to unrelated third parties in a private placement at an average of $0.40 per share for net proceeds of $1,485,620.</li> </ul> <ul style="margin-top: 0in"> <li style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">479,880 common shares were issued for consulting services to multiple providers. The shares were valued at various market prices ranging between $0.49 and $1.05 per share. The combined value of the shares totaled $290,434. Of the total value, $168,454 was expensed during the year end February 29, 2012, and $121,980 was recorded as prepaid consulting and is being written off over the remaining terms of the contracts.</li> </ul> Total common shares issued and outstanding at May 31, 2013 was 29,171,042.   Preferred Stock   On October 19, 2012 the Company sold 1,428,571 shares of the Series A Convertible Preferred stock at a price per share of $1.05 for total proceeds of $1,500,000. The sale of the Series A Convertible Preferred stock included the issuance of 2,142,857 warrants. Based upon the Black Scholes pricing module the warrants have a fair value of $0.2106 per warrant. The portion of the proceeds allocated to warrants is $345,000. Each Preferred share is convertible into three shares of common stock. A deemed dividend of $259,285 was recorded which represents the intrinsic value of the conversion feature on the date of issuance. In addition, we filed an amendment to our articles of incorporation establishing the new Preferred Shares.  falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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