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Consolidated Balance Sheets (Unaudited) (USD $)
May 31, 2012
Feb. 29, 2012
Current Assets    
Cash and cash equivalents $ 3,561 $ 236,682
Accounts receivable, net 629,059 1,036,778
Subscription receivable 0 80,000
Notes receivable – current portion 120,281 45,552
Inventories 781,533 828,188
Inventory deposits 70,092 70,092
Prepaid expenses 580,844 334,361
Total Current Assets 2,185,370 2,631,653
Property and Equipment, net 332,797 347,007
Other Assets    
Notes receivable – net of current portion 115,565 43,309
Intellectual property 1,802,210 1,802,210
Website development costs, net 9,411 11,176
Deposits 18,198 18,198
Total Other Assets 1,945,384 1,874,893
TOTAL ASSETS 4,463,551 4,853,553
Current Liabilities    
Accounts payable 2,133,213 2,177,351
Due to factor-related party 309,876 303,806
Accrued expenses 155,302 113,551
Customer deposits 901,540 520,458
Warranty Reserves 80,160 87,018
VAT & sales tax payable 59,651 32,822
Notes payable 488,778 0
Total Liabilities 4,128,520 3,235,006
STOCKHOLDERS’ EQUITY    
Preferred stock, par $0.01, 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, par $0.001, 100,000,000 shares authorized, 26,610,387 and 25,500,414 shares issued and outstanding, respectively 26,610 25,501
Stock warrants 3,800,275 3,791,031
Additional paid in capital 12,317,964 11,790,160
Accumulated other comprehensive income (loss) (44,791) (8,477)
Accumulated deficit (15,765,027) (13,979,668)
Total Stockholders’ Equity 335,031 1,618,547
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,463,551 $ 4,853,553