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COMMITMENTS

6 Months Ended

Aug. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Operating Leases

The Company leases its office and manufacturing facilities under a lease which expires on July 31, 2017. The lease provides for the payment of taxes and operating costs, such as insurance and maintenance in addition to the base rental payments. The lease is renewable for an additional three year term.

Aggregate minimum annual rental payments under the non-cancelable operating lease are as follows:

Year ended February 28, 2015	$	153,977
Year ended February 28, 2016		169,708
Year ended February 28, 2017		174,804
Year ended February 28, 2018		73,550
Sub-Total	$	572,039

The rent expense totaled $83,619 and $50,213 for the three months ending August 31, 2014 and 2013, respectively. Rent expense was $160,200 and $90,317 for the six months ending August 31, 2014 and 2013, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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