STOCK WARRANTS AND OPTIONS (Tables)

6 Months Ended

Aug. 31, 2013

Notes to Financial Statements

Schedule of Key Assumptions of Employee Stock Options

	Employee Stock Options
Stock Price		$0.17-$2.20
Exercise Price		$.35-$1.25
Expected volatility		73.4% - 98%
Expected dividend yield		0.00	%
Risk-free rate		2.0-3.37%
Vesting period		0-4 years
Expected term		7 years

Schedule of Stock Options

	Number of Warrants			Weighted Average Exercise Price		Expiry Date
Outstanding, February 28, 2011		1,700,000		$	1.07		FY 2018
Issued		1,310,000			1.135		FY 2019
Exercised		0			0
Expired/Canceled		(535,000	)		0.99
Outstanding, February 28, 2012		2,475,000			1.13
Issued		0			0
Exercised		0			0
Expired/Canceled		(380,000	)		1.13
Outstanding, February 28, 2013		2,095,000			1.13
Issued		1,605,000			0.353		FY 2020
Exercised		0			0
Expired/Canceled		(845,000	)		1.25
Outstanding, August 31, 2013		2,855,000		$	0.69

Schedule of Key Assumptions of Warrants

	Warrants
Stock Price	$0.16-$1.05
Exercise Price	$0.35-$1.50
Expected volatility	73.4% - 98%
Expected dividend yield	0.00%
Risk-free rate	0.16% - 2.62%
Vesting period	-
Expected term	2-5 years

Schedule of Warrants

	Number of Warrants	Weighted Average Exercise Price	Expiry Date
Outstanding, February 28, 2011	2,584,318	1.328	Various through 3/18/2016
Issued	6,457,649	1.063	Various through 3/18/2016
Exercised	0
Cancelled/Expired	0
Outstanding, February 29, 2012	9,041,967	1.14
Issued	2,837,857	0.39	Various through 10/22/2017
Exercised	0
Cancelled/Expired	0
Outstanding, February 28, 2013	11,879,824	0.96
Issued	23,133,572	0.35	Various through 4/4/2017
Exercised	0
Cancelled/Expired	0
Outstanding, August 31, 2013	35,013,396	0.56