STOCK OPTIONS (Tables)

12 Months Ended

Feb. 28, 2013

Stock Options Tables

Common stock options issued and outstanding

The following table summarizes common stock options issued and outstanding:

	Options		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual life (years)
Outstanding at February 29, 2012		1,116,500	$	0.68	$	2,052,976		9.86
Granted
Exercised		-		-		-		-
Forfeited		-		-		-		-
Expired		-		-		-		-
Outstanding at February 28, 2013		1,116,500	$	0.68	$	2,526,500		8.86