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BALANCE SHEETS (USD $)
May 31, 2014
Feb. 28, 2014
ASSETS    
Cash and cash equivalents $ 1,598,379 $ 3,002,442
Restricted cash 214,805 214,751
Accounts receivable, net 6,853,076 6,808,401
Prepaid expenses and other current assets 438,293 415,507
Total current assets 9,104,553 10,441,101
Property and equipment, net 357,541 322,628
Goodwill 35,060,183 35,060,183
Intangible assets, net 19,954,179 21,203,081
Deposits 159,255 162,555
TOTAL ASSETS 64,635,711 67,189,548
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 6,551,658 4,411,606
Accrued liabilities 3,166,197 2,628,635
Deferred revenue 641,557 807,598
Line of credit 1,845,134 2,210,045
Total current liabilities 12,204,546 10,057,884
Deferred income tax liability, net 3,376,383 3,376,383
Accrued liabilities 148,427 55,059
TOTAL LIABILITIES 15,729,356 13,489,326
STOCKHOLDERS' EQUITY:    
Common stock, $.0001 par value; 250,000,000 shares authorized; 154,786,916 and 154,661,916 shares issued and outstanding, respectively. 15,479 15,466
Additional paid-in capital 187,959,939 187,333,089
Accumulated deficit (139,069,063) (133,648,333)
Total stockholders' equity 48,906,355 53,700,222
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 64,635,711 $ 67,189,548