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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
May 31, 2013
Feb. 28, 2013
ASSETS    
Cash and cash equivalents $ 1,404,352 $ 4,352,691
Restricted cash 214,543 214,455
Accounts receivable, net 5,160,619 5,707,019
Prepaid expenses and other current assets 651,354 772,029
Total current assets 7,430,868 11,046,194
Intangible assets held for sale 3,500,000 3,500,000
Property and equipment, net 48,088 82,737
Goodwill 35,060,183 35,060,183
Intangible assets, net 24,798,789 25,812,037
Deposits 250,806 238,011
TOTAL ASSETS 71,088,734 75,739,162
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 4,322,839 4,812,086
Accrued liabilities 2,119,404 2,614,365
Deferred revenue 1,111,781 851,847
Line of credit 1,000,000   
Total current liabilities 8,554,024 8,278,298
Deferred tax liability, net 3,517,652 3,517,652
Accrued liabilities 65,535 82,002
TOTAL LIABILITIES 12,137,211 11,877,952
STOCKHOLDERS' EQUITY:    
Common stock, $.0001 par value; 250,000,000 shares authorized; 129,685,756 and 129,554,226 shares issued and outstanding, respectively. 12,969 12,955
Additional paid-in capital 176,347,302 175,241,799
Accumulated deficit (117,408,748) (111,393,544)
Total stockholders' equity 58,951,523 63,861,210
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 71,088,734 $ 75,739,162