XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2013
Aug. 31, 2012
Income Statement [Abstract]        
GROSS REVENUES $ 1,012,403 $ 1,186,101 $ 1,143,790 $ 1,835,142
COST OF GOODS SOLD 797,846 999,915 908,991 1,503,732
GROSS PROFIT 214,557 186,186 234,799 331,410
OPERATING EXPENSES        
General and administrative expenses 1,870,271 1,469,846 2,820,914 2,760,566
Marketing 86,738 48,352 162,953 103,897
Sales expense 184,023 95,979 394,548 516,918
Engineering/R&D expense 338,611 104,381 629,491 228,691
TOTAL OPERATING EXPENSES 2,479,643 1,718,558 4,007,906 3,610,072
LOSS FROM OPERATIONS (2,265,086) (1,532,372) (3,773,107) (3,278,662)
OTHER INCOME (EXPENSE)        
Interest expense (240,273) (73,076) (353,195) (90,287)
Other income (expense) 558,340 (5,145) 559,874 (27,003)
TOTAL OTHER INCOME (EXPENSE) 318,067 (78,221) 206,679 (117,290)
LOSS BEFORE PROVISION FOR INCOME TAXES AND OTHER COMPREHENSIVE INCOME (LOSS) (1,947,019) (1,610,593) (3,566,428) (3,395,952)
PROVISION FOR INCOME TAXES 0 0 0 0
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (1,947,019) (1,610,593) (3,566,428) (3,395,952)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency adjustment gain (loss) (3,191) (10,770) (41) (47,084)
COMPREHENSIVE INCOME (LOSS) $ (1,950,210) $ (1,621,363) $ (3,566,469) $ (3,443,036)
NET LOSS PER SHARE: BASIC AND DILUTED $ (0.07) $ (0.06) $ (0.13) $ (0.13)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED 29,283,542 26,610,387 29,072,775 26,422,117