XML 79 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Cash Flows from Operating Activities:    
Net operating loss for the period $ (6,092,102) $ (3,566,428)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of debt discount 764,172   
Depreciation and amortization expense 47,439 95,177
Bad debt expense (17,039) (14,830)
Share-based compensation 82,888 (186,631)
Issuance of common shares and warrants for services    1,035,604
Changes in Assets and Liabilities    
Accounts and notes receivable 1,199,650 48,833
Prepaid expenses 95,635 (668,643)
Inventory and inventory deposits 217,181 (2,967,757)
Accounts payable (315,906) (680,200)
Accrued expenses (315,164) 793,031
Customer deposits 15,035 (56,243)
VAT & sales tax payable (79,528)   
Warranty reserve 315,562 (13,219)
Net Cash Used in Operating Activities (4,082,177) (6,181,306)
Cash Flows from Investing Activities:    
Payments received on notes receivable    16,452
Acquisitions of property and equipment (31,201)   
Rent deposit (10,690)   
Net Cash Provided by (Used in) Investing Activities (41,891) 16,452
Cash Flows from Financing Activities:    
Proceeds from Notes and Loans Payable 15,000,000 6,172,708
Repayments of Notes and Loans Payable (9,677,907)   
Shares Issued in connection with private placement 3,601,421   
Shares issued for warrants exercise 1,278,580   
Shares issued to retire preferred stock (1,129,600)   
Warrant Repurchase (8,218)   
Net Cash Provided by Financing Activities 9,064,276 6,172,708
Foreign Currency Effect on Cash (1,180) (41)
Net Increase in Cash and Cash Equivalents 4,939,028 7,813
Cash and Cash Equivalents Beginning 43,495   
Cash and Cash Equivalents Ending 4,982,523 7,813
Supplemental Cash Flow Information:    
Cash paid for interest 124,475   
Cash paid for income taxes