INCOME TAXES (Tables)

12 Months Ended

Feb. 28, 2013

Income Taxes Tables

Reconciliation between effective tax rate on income from continuing operations and federal statutory rate

The reconciliation between our effective tax rate on income from continuing operations and the federal statutory rate is as follows:

	Years Ended
	February 28, 2013		February 29, 2012 Restated		February 28, 2011
Statutory rate	35.0	%	35.0	%	35.0	%
State and local taxes, net of federal income tax benefit	2.8		5.5		—
Change in valuation allowance	(27.4	)	(1.4	)	(34.9	)
Stock-based compensation	(2.3	)	(6.6	)	—
Non-deductible expenses	(0.1	)	(1.5	)	(0.1)
Goodwill impairment	(13.8	)	—		—
Acquisition related contingent consideration	8.3		(3.4	)	—
Research tax credits	0.6		—		—
Prior year adjustments — deferred true-ups	0.8		4.6		—
Change in state rate	1.0		(1.5	)	—
Other	0.1		—		—
Effective tax rate	5.0	%	30.7	%	—	%

Components of deferred tax assets and liabilities

 Significant components of our deferred tax assets and liabilities are as follows:

	February 28, 2013			February 29, 2012 Restated
Deferred tax assets:
Net operating loss carryforwards	$	21,529,307		$	15,304,087
Tax credit carryforwards		307,657			0
Stock-based compensation		2,028,017			1,447,029
Property and equipment		279,953			147,494
Trade accounts receivable		104,538			119,675
Other		236,094			0
Total deferred tax assets		24,485,566			17,018,285
Less: valuation allowance		(21,848,032	)		(7,775,004	)
Net deferred tax assets		2,637,534			9,267,281
Deferred tax liabilities:
Intangible assets		(6,155,186	)		(12,784,933	)
Net deferred tax assets	$	(3,517,652	)	$	(3,517,652	)