XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 37 Months Ended
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (1,223,355) $ (537,200) $ (4,065,255)
Shares issued for services 11,075    769,910
Depreciation 5,413 328 6,684
Warrant expense       149,999
Accounts receivable    (1,579)   
Accounts payable (131,750) 3,741 160,109
NET CASH USED IN OPERATING ACTIVITIES (1,338,617) (534,710) (2,978,553)
CASH FLOWS FROM INVESTING ACTIVITIES      
Certificate of deposit (250,182)    (250,182)
Purchase of equipment (38,812)    (59,291)
NET CASH USED IN INVESTING ACTIVITIES (288,994)    (309,473)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from subscription receivable 865,000    865,000
Proceeds from sale of common stock 855,000 330,857 3,393,755
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,720,000 330,857 4,258,755
NET INCREASE (DECREASE) IN CASH 92,389 (203,853) 970,729
Cash at the beginning of the year 878,340 242,256   
Cash at the end of the year 970,729 38,403 970,729
SUPPLEMENTAL DISCLOSURES:      
Interest Paid         
Income taxes paid         
NON-CASH TRANSACTIONS:      
Subscription receivable $ 25,000    $ 890,000