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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

6 Months Ended

12 Months Ended

Aug. 31, 2013

Feb. 28, 2013

Restatement Of Previously Issued Financial Statements Tables

	As of and for the Three								As of and for the Six
	Months ended August 31, 2012								Months ended August 31, 2012
	(unaudited)								(unaudited)
	As previously reported			Restatement adjustments		As restated			As previously reported			Restatement adjustments			As restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475	$	60,979,183		$	47,484,708		$	13,494,475		$	60,979,183
Intangible assets, net		40,583,291			2,618,723		43,202,014			40,583,291			2,618,723			43,202,014
Total assets		94,624,813			16,113,198		110,738,011			94,624,813			16,113,198			110,738,011
Deferred income tax liability		-			3,517,652		3,517,652			-			3,517,652			3,517,652
Total liabilities		18,515,584			3,517,652		22,033,236			18,515,584			3,517,652			22,033,236
Accumulated deficit		(82,393,665	)		12,595,546		(69,798,119	)		(82,393,665	)		12,595,546			(69,798,119	)
Total stockholders' equity		76,109,229			12,595,546		88,704,775			76,109,229			12,595,546			88,704,775
Total liabilities and stockholders' equity		94,624,813			16,113,198		110,738,011			94,624,813			16,113,198			110,738,011
Statement of Cash Flows
Net loss		(2,299,598	)		-		(2,299,598	)		(9,860,594	)		2,618,723			(7,241,871	)
Deferred income tax benefit		-			-		-			-			(2,618,723	)		(2,618,723	)
Statement of Stockholders' Equity
Accumulated deficit		(82,393,665	)		12,595,546		(69,798,119	)		(82,393,665	)		12,595,546			(69,798,119	)
Stockholders' equity		76,109,229			12,595,546		88,704,775			76,109,229			12,595,546			88,704,775
Statement of Operations
Net loss		(2,299,598	)		-		(2,299,598	)		(9,860,594	)		2,618,723			(7,241,871	)
Basic and diluted net loss per share	$	(0.02	)	$	-	$	(0.02	)	$	(0.10	)	$	0.02		$	(0.08	)

The following tables summarize the corrections by financial statement line item (amounts may not add to totals, due to rounding):

	February 29, 2012
	As previously			Restatement			As
	Reported			Adjustments			restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475		$	60,979,183
Total assets		100,592,076			13,494,475			114,086,551
Deferred income tax liability		-			3,517,652			3,517,652
Total liabilities		31,377,176			3,517,652			34,894,829
Accumulated deficit		(72,533,071	)		9,976,823			(62,556,249	)
Total stockholders' equity		69,214,900			9,976,823			79,191,722
Total liabilities and stockholders' equity		100,592,076			13,494,475			114,086,551
Statement of Cash Flows
Net loss		(32,580,025	)		9,976,823			(22,603,202	)
Deferred income tax benefits		-			(9,976,823	)		(9,976,823	)
Statement of Shareholders Equity
Accumulated deficit		(72,533,071	)		9,976,823			(62,556,249	)
Stockholders' equity		69,214,900			9,976,823			79,191,722
Statement of Operations
Income tax benefit	$	-		$	9,976,823		$	9,976,823
Net loss		(32,580,025	)		9,976,823			(22,603,202	)
Basic and diluted net loss per share		(0.41	)		0.12			(0.28	)

	As of and For the Three									As of and For the Six
	Months Ended August 31, 2011									Months Ended August 31, 2011
	(Unaudited)									(Unaudited)
	As previously			Restatement			As			As previously			Restatement			As
	Reported			Adjustments			Restated			Reported			Adjustments			Restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475		$	60,979,183		$	47,484,708		$	13,494,475		$	60,979,183
Total assets		93,630,646			13,494,475			107,125,121			93,630,646			13,494,475			107,125,121
Deferred income tax liability		-			3,517,652			3,517,652			-			3,517,652			3,517,652
Total liabilities		26,998,307			3,517,652			30,515,959			26,998,307			3,517,652			30,515,959
Accumulated deficit		(49,973,217	)		9,976,823			(39,996,394	)		(49,973,217	)		9,976,823			(39,996,394	)
Total stockholders' equity		66,632,339			9,976,823			76,609,162			66,632,339			9,976,823			76,609,162
Total liabilities and stockholders' equity		93,630,646			13,494,475			107,125,121			93,630,646			13,494,475			107,125,121
Statement of Cash Flows
Net loss		(6,003,584	)		9,976,823			3,973,239			(10,020,170	)		9,976,823			(43,347	)
Deferred income tax benefit		-			(9,976,823	)		(9,976,823	)		-			(9,976,823	)		(9,976,823	)
Statement of Shareholders Equity
Accumulated deficit		(49,973,217	)		9,976,823			(39,996,394	)		(49,973,217	)		9,976,823			(39,996,394	)
Stockholders' equity		66,632,339			9,976,823			76,609,162			66,632,339			9,976,823			76,609,162
Statement of Operations
Income tax benefit		-			9,976,823			9,976,823			-			9,976,823			9,976,823
Net loss		(6,003,584	)		9,976,823			3,973,239			(10,020,170	)		9,976,823			(43,347	)
Basic and diluted net loss per share	$	(0.08	)	$	0.14		$	0.06		$	(0.14	)	$	0.14		$	-

	As of and For the Three								As of and For the Nine
	Months Ended November 30, 2011								Months Ended November 30, 2011
	(Unaudited)								(Unaudited)
	As previously			Restatement		As			As previously			Restatement			As
	Reported			Adjustments		Restated			Reported			Adjustments			Restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475	$	60,979,183		$	47,484,708		$	13,494,475		$	60,979,183
Total assets		108,141,879			13,494,475		121,636,354			108,141,879			13,494,475			121,636,354
Deferred income tax liability		-			3,517,652		3,517,652			-			3,517,652			3,517,652
Total liabilities		29,462,242			3,517,652		32,979,894			29,462,242			3,517,652			32,979,894
Accumulated deficit		(61,351,329	)		9,976,823		(51,374,506	)		(61,351,329	)		9,976,823			(51,374,506	)
Total stockholders' equity		78,679,637			9,976,823		88,656,460			78,679,637			9,976,823			88,656,460
Total liabilities and stockholders' equity		108,141,879			13,494,475		121,636,354			108,141,879			13,494,475			121,636,354
Statement of Cash Flows
Net loss		(11,377,289	)		-		(11,377,289	)		(21,398,282	)		9,976,823			(11,421,459	)
Deferred income tax benefit		-			-		-			-			(9,976,823	)		(9,976,823	)
Statement of Shareholders Equity
Accumulated deficit		(61,351,329	)		9,976,823		(51,374,506	)		(61,351,329	)		9,976,823			(51,374,506	)
Stockholders' equity		78,679,637			9,976,823		88,656,460			78,679,637			9,976,823			88,656,460
Statement of Operations
Income tax benefit		-			-		-			-			9,976,823			9,976,823
Net loss		(11,377,289	)		-		(11,377,289	)		(21,398,282	)		9,976,823			(11,421,459	)
Basic and diluted net loss per share	$	(0.13	)	$	-	$	(0.13	)	$	(0.14	)	$	0.14		$	(0.00	)

	As of and For the Three
	Months Ended May 31, 2012
	(Unaudited)
	As previously			Restatement			As
	Reported			Adjustments			Restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475		$	60,979,183
Intangible assets, net		41,135,654			2,618,723			43,754,377
Total assets		96,829,482			16,113,198			112,942,680
Deferred income tax liability		-			3,517,652			3,517,652
Total liabilities		29,864,115			3,517,652			33,381,767
Accumulated deficit		(80,094,067	)		12,595,546			(67,498,521	)
Total stockholders' equity		66,965,367			12,595,546			79,560,913
Total liabilities and stockholders' equity		96,829,482			16,113,198			112,942,680
Statement of Cash Flows
Net loss		(7,560,996	)		2,618,723			(4,942,273	)
Deferred income tax benefit		-			(2,618,723	)		(2,618,723	)
Statement of Shareholders Equity
Accumulated deficit		(80,094,067	)		12,595,546			(67,498,521	)
Stockholders' equity		66,965,367			12,595,546			79,560,913
Statement of Operations
Net loss		(7,560,996	)		2,618,723			(4,942,273	)
Basic and diluted net loss per share	$	(0.08	)	$	0.03		$	(0.05	)

	As of and For the Three								As of and For the Six
	Months Ended August 31, 2012								Months Ended August 31, 2012
	(Unaudited)								(Unaudited)
	As previously			Restatement		As			As previously			Restatement			As
	Reported			Adjustments		Restated			Reported			Adjustments			Restated
Balance Sheet
Goodwill	$	47,484,708		$	13,494,475	$	60,979,183		$	47,484,708		$	13,494,475		$	60,979,183
Intangible assets, net		40,583,291			2,618,723		43,202,014			40,583,291			2,618,723			43,202,014
Total assets		94,624,813			16,113,198		110,738,011			94,624,813			16,113,198			110,738,011
Deferred income tax liability		-			3,517,652		3,517,652			-			3,517,652			3,517,652
Total liabilities		18,515,584			3,517,652		22,033,236			18,515,584			3,517,652			22,033,236
Accumulated deficit		(82,393,665	)		12,595,546		(69,798,119	)		(82,393,665	)		12,595,546			(69,798,119	)
Total stockholders' equity		76,109,229			12,595,546		88,704,775			76,109,229			12,595,546			88,704,775
Total liabilities and stockholders' equity		94,624,813			16,113,198		110,738,011			94,624,813			16,113,198			110,738,011
Statement of Cash Flows
Net loss		(2,299,598	)		-		(2,299,598	)		(9,860,594	)		2,618,723			(7,241,871	)
Deferred income tax benefit		-			-		-			-			(2,618,723	)		(2,618,723	)
Statement of Shareholders Equity
Accumulated deficit		(82,393,665	)		12,595,546		(69,798,119	)		(82,393,665	)		12,595,546			(69,798,119	)
Stockholders' equity		76,109,229			12,595,546		88,704,775			76,109,229			12,595,546			88,704,775
Statement of Operations
Net loss		(2,299,598	)		-		(2,299,598	)		(9,860,594	)		2,618,723			(7,241,871	)
Basic and diluted net loss per share	$	(0.02	)	$	-	$	(0.02	)	$	(0.10	)	$	0.02		$	(0.08	)

	As of and For the Three									As of and For the Nine
	Months Ended November 30, 2012									Months Ended November 30, 2012
	(Unaudited)									(Unaudited)
	As previously			Restatement			As			As previously			Restatement			As
	Reported			Adjustments			Restated			Reported			Adjustments			Restated
Balance Sheet
Goodwill	$	47,484,708		$	(12,424,525	)	$	35,060,183		$	47,484,708		$	(12,424,525	)	$	35,060,183
Intangible assets, net		30,489,139			(200,000	)		30,289,139			30,489,139			(200,000	)		30,289,139
Total assets		90,274,094			(12,624,525	)		77,649,569			90,274,094			(12,624,525	)		77,649,569
Deferred income tax liability		-			3,517,652			3,517,652			-			3,517,652			3,517,652
Total liabilities		9,097,712			3,517,652			12,615,364			9,097,712			3,517,652			12,615,364
Accumulated deficit		(87,362,012	)		(16,142,177	)		(103,504,189	)		(87,362,012	)		(16,142,177	)		(103,504,189	)
Total stockholders' equity		81,176,382			(16,142,177	)		65,034,205			81,176,382			(16,142,177	)		65,034,205
Total liabilities and stockholders' equity		90,274,094			(12,624,525	)		77,649,569			90,274,094			(12,624,525	)		77,649,569
Statement of Cash Flows
Net loss		(4,968,347	)		(28,737,724	)		(33,706,071	)		(14,828,941	)		(26,119,001	)		(40,947,942	)
Goodwill impairment		-			25,919,000			25,919,000			-			25,919,000			25,919,000
Impairment of intangible assets		5,849,160			2,818,723			8,667,883			5,849,160			2,818,723			8,667,883
Statement of Shareholders Equity
Accumulated deficit		(87,362,012	)		(16,142,177	)		(103,504,189	)		(87,362,012	)		(16,142,177	)		(103,504,189	)
Stockholders' equity		81,176,382			(16,142,177	)		65,034,205			81,176,382			(16,142,177	)		65,034,205
Statement of Operations
Goodwill impairment		-			25,919,000			25,919,000			-			25,919,000			25,919,000
Impairment of intangible assets		5,849,160			2,818,723			8,667,884			5,849,160			2,818,723			8,667,884
Income tax benefit		-			-			-			-			2,618,723			2,618,723
Net loss		(4,968,347	)		(28,737,724	)		(33,706,071	)		(14,828,941	)		(26,119,001	)		(40,947,942	)
Basic and diluted net loss per share	$	(0.05	)	$	(0.26	)	$	(0.31	)	$	(0.15	)	$	(0.26	)	$	(0.41	)

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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