Acquisition Costs

3 Months Ended

May 31, 2012

Business Combinations [Abstract]

Acquisition Costs

NOTE 2 - ACQUISITION COSTS

On April 25, 2011, the Company entered into an Asset Purchase Agreement (the “Acquisition”) to acquire substantially all of the assets of Rochester Power Saver Inc., consisting primarily of intellectual property and product designs for surge suppression and power conditioning devices. Under the terms of the Acquisition, the Company paid 304,721 shares of its restricted common stock, $50,000 in cash for a total consideration of $500,000 and will pay a 5% royalty on gross profits to the founders up to a maximum of $150,000 over 24 months following the closing of the acquisition.

The purchase price was allocated as follows:

Description	Amount
Bank account	$	2,686
Accounts receivable		9,850
Inventory and equipment		4,479
Intellectual property – product designs		482,985
Total	$	500,000