ACCOUNTS AND NOTES RECEIVABLE

9 Months Ended

Nov. 30, 2014

Receivables [Abstract]

ACCOUNTS AND NOTES RECEIVABLE

Accounts receivable is generated from sales of wind turbine systems and power efficiency products. At November 30, 2014, accounts receivable were substantially comprised of balances due from end customers and dealers.

Notes receivable are generated from sales of wind turbine systems. At November 30, 2014, notes receivable were comprised of balances due from eight end customers. The term of the notes receivable vary from five to seven years at an annual interest rate ranging from 4.5% to 7%. Payments are received on a monthly basis.

An allowance for doubtful accounts is provided against accounts and notes receivable for amounts management believes may be uncollectible. The Company determines the adequacy of this allowance by regularly reviewing the composition of its receivable aging and evaluating individual customer receivables, considering the customer’s financial condition, credit history and current economic circumstance. As of November 30, 2014 and February 28, 2014 an allowance for doubtful accounts of $222,921 and $228,881, respectively, has been provided.

	November 30, 2014			February 28, 2014
Accounts and notes receivable	$	2,003,145		$	2,216,684
Less: Allowance for doubtful accounts		(222,921	)		(228,881	)
Accounts and notes receivable, net		1,780,224			1,987,803
Less: Current portion		1,698,154			1,880,398
Long-term portion	$	82,070		$	107,405