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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended 12 Months Ended
Aug. 31, 2013
Feb. 28, 2013
Notes to Financial Statements    
Changes in carrying amount of goodwill  

The changes in the carrying amount of goodwill for the year ended February 29, 2012 are as follows (restated):

 

Balance as of February 28, 2011:   $ 13,106,969  
Goodwill from business combinations     47,872,214  
Balance as of February 29, 2012 (Restated):   $ 60,979,183  
Impairment   $ (25,919,000 )
Balance as of February 28, 2013:   $ 35,060,183  

 

Gross carrying value of components of intangible assets and accumulated amortization

 

          As of August 31, 2013  
    Weighted Average Amortization Period (In months)     Carrying Amount, net of impairment write downs     Accumulated Amortization     Net Carrying Value  
 Indefinite Lived Intangible:                        
 Trade name   Indefinite     $ 8,700,000     $ -     $ 8,700,000  
                               
 Definite Lived Intangible:                              
 Patent litigation     84       4,269,973       1,516,346       2,753,627  
 Patents     120       717,846       87,183       630,663  
 Acquired technology     60       7,270,000       3,192,750       4,077,250  
 Customer relationships     60-72       12,850,000       5,413,126       7,436,874  
 Software     36       2,095,705       2,095,705       -  
 Non-compete agreements     36       212,000       212,000       -  
 Trade names     24       44,000       44,000       -  
 Total intangibles           $ 36,159,524     $ 12,561,110     $ 23,598,414  

 

          As of February 28, 2013  
    Weighted Average Amortization Period (In months)     Carrying Amount, net of impairment write downs     Accumulated Amortization     Transfer to Held for Sale     Net Carrying Value  
 Indefinite Lived Intangible:                              
 Trade name   Indefinite     $ 8,700,000     $ -     $ -     $ 8,700,000  
                                       
 Definite Lived Intangible:                                      
 Patent litigation     84       4,038,904       1,060,109       -       2,978,795  
 Patents     120       4,174,306       51,356       3,500,000       622,950  
 Acquired technology     60       7,270,000       2,465,750       -       4,804,250  
 Customer relationships     60-72       12,850,000       4,143,958       -       8,706,042  
 Software     36       2,095,705       2,095,705       -       -  
 Non-compete agreements     36       212,000       212,000       -       -  
 Trade names     24       44,000       44,000       -       -  
 Total intangibles           $ 39,384,915     $ 10,072,878     $ 3,500,000     $ 25,812,037  

 

The following table presents the gross carrying value of the components of intangible assets and accumulated amortization:

 

          As Of February 28, 2013  
    Weighted Average Amortization Period (In months)     Gross Carrying Amount   Accumulated Amortization   Impairment Loss   Transfer to Held For Sale     Net Carrying Value  
Patent litigation     84       7,567,290       1,060,109       3,528,386       -       2,978,795  
Patents     120       12,642,189       51,356       8,467,883       3,500,000       622,950  
Acquired technology     60       7,270,000       2,465,750       -       -       4,804,250  
Customer relationships     60-72       12,850,000       4,143,958       -       -       8,706,042  
Software     36       2,095,705       2,095,705       -       -       -  
Non-compete agreements     36       212,000       212,000       -       -       -  
Trade names   24 / indefinite       8,744,000       44,000       -       -       8,700,000  
Total           $ 51,381,184     $ 10,072,878     $ 11,996,269     $ 3,500,000     $ 25,812,037  
                                                 
            As Of February 29, 2012                  
    Weighted Average Amortization Period (In months)     Gross Carrying Amount   Accumulated Amortization   Net Carrying Value          
Patent litigation     84       5,471,107       950,150       4,520,957                  
Patents     120       6,340,300       292,297       6,048,003                  
Acquired technology     60       7,270,000       1,011,750       6,258,250                  
Customer relationships     60-72       12,850,000       1,605,625       11,244,375                  
Software     36       2,095,706       2,095,706       -                  
Non-compete agreements     36       212,000       185,500       26,500                  
Trade names   24 / indefinite       8,744,000       44,000       8,700,000                  
Total           $ 42,983,113     $ 6,185,028     $ 36,798,085                  

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Schedule of the expected future amortization
Remainder of 2014   $ 2,176,229  
2015     5,101,399  
2016     4,642,676  
2017     2,369,316  
2018     217,014  
Thereafter     391,780  
Total   $ 14,898,414  

Amortization in future fiscal periods is expected to be as follows:

 

2014   $ 4,493,376  
2015   4,510,016  
2016   4,393,872  
2017   2,491,394  
2018   642,942  
Thereafter   580,437  
Total   $ 17,112,037