XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Operations (USD $)
3 Months Ended 6 Months Ended 89 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
Net revenues $ 52,063 $ 133,326 $ 120,640 $ 236,346 $ 1,168,498
Cost of Goods Sold 6,938 44,631 35,124 61,363 340,125
Gross Margin 45,125 88,695 85,516 174,983 828,373
Expenses          
Employee expenses 53,641 95,034 109,105 192,214 618,192
Stock based compensation 0 58,142 132,138 115,492 346,050
Consulting fees 1,010 67,874 3,034 133,964 620,152
Marketing expense 4,655 82,897 15,935 252,117 609,828
Travel expense 5,502 16,822 8,214 28,754 67,556
Interest expense 9,924 2,978 16,122 12,374 57,097
Legal and accounting fees 18,461 21,851 110,376 65,909 499,739
Mineral property expenditures 0 0 0 0 15,124
Insurance expense 17,120 12,371 36,345 17,983 153,416
Regulatory expense 550 7,775 12,827 37,629 118,348
Rent 0 1,538 0 3,130 19,406
General and administrative expense 8,562 16,294 18,607 39,440 252,098
Amortization expense 22,071 22,071 44,141 44,141 183,921
Write down of mineral property acquisition costs 0 0 0 0 5,000
Total Expenses 141,496 405,647 506,844 943,147 3,565,927
Gain on sale of product rights 0 0 0 0 64,900
Other income 1,000,000 0 1,000,000 0 1,000,000
Net income (loss) for the period $ 903,629 $ (316,952) $ 578,672 $ (768,164) $ (1,672,654)
Basic and diluted loss per common share $ 0.043 $ (0.015) $ 0.028 $ (0.037)   
Weighted average number of common shares used in per share calculations 20,836,000 20,836,000 20,836,000 20,836,000