SUBSEQUENT EVENTS	3 Months Ended
May 31, 2013
Notes to Financial Statements
SUBSEQUENT EVENTS	On June 21, 2013, we settled a lawsuit with ESAM, Inc. whereby we agreed to a 9-month payment plan to resolve our outstanding payable balance. On July 2, 2013, we entered into a Secured Creditor Asset Purchase Agreement Private UCC Sale (“Agreement”) with Silicon Valley Bank, a California state-chartered bank (“SVB”) and Southwest Windpower, Inc., a Delaware corporation (“SW Wind”) whereby we acquired certain assets which had been the collateral for SVB’s secured loans to SW Wind, which loans were in default. The assets include all rights to SW Wind’s Skystream product, including its current and next-generation designs, related intellectual property, manufacturing tooling, production line and testing equipment, and inventory including finished goods. We paid SVB $654,321 for those assets and also agreed to assume certain liabilities consisting primarily of storage fees owed to third parties in possession of some of the collateral. We anticipate that those liabilities will total approximately $80,000. We did not assume any warranty obligations for SW Wind units installed in the field. Financing for this transaction was provided by our existing senior secured lender, Renewable Power Resources, under our existing credit facility. This summary description is qualified by the text of the agreement, filed as a separate 8K on July 9, 2013. On September 5, 2013, we settled a lawsuit with XCA Associates whereby we agreed to an 18-month payment plan for a total settlement of $75,000.

SUBSEQUENT EVENTS

3 Months Ended

May 31, 2013

On June 21, 2013, we settled a lawsuit with ESAM, Inc. whereby we agreed to a 9-month payment plan to resolve our outstanding payable balance.

On July 2, 2013, we entered into a Secured Creditor Asset Purchase Agreement Private UCC Sale (“Agreement”) with Silicon Valley Bank, a California state-chartered bank (“SVB”) and Southwest Windpower, Inc., a Delaware corporation (“SW Wind”) whereby we acquired certain assets which had been the collateral for SVB’s secured loans to SW Wind, which loans were in default. The assets include all rights to SW Wind’s Skystream product, including its current and next-generation designs, related intellectual property, manufacturing tooling, production line and testing equipment, and inventory including finished goods. We paid SVB $654,321 for those assets and also agreed to assume certain liabilities consisting primarily of storage fees owed to third parties in possession of some of the collateral. We anticipate that those liabilities will total approximately $80,000. We did not assume any warranty obligations for SW Wind units installed in the field. Financing for this transaction was provided by our existing senior secured lender, Renewable Power Resources, under our existing credit facility. This summary description is qualified by the text of the agreement, filed as a separate 8K on July 9, 2013.

On September 5, 2013, we settled a lawsuit with XCA Associates whereby we agreed to an 18-month payment plan for a total settlement of $75,000.