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STOCK OPTIONS RESTATED (Tables)
6 Months Ended
Aug. 31, 2013
Stock Options Restated 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 28, 2013     1,116,500     $  0.68     $ 2,526,500       8.86  
Granted     823,500      $ 3.25       -       9.60  
Exercised      -        -       -       -  
Forfeited      -        -       -       -  
Expired      -        -       -       -  
                                 
Outstanding and expected to vest at August 31, 2013     1,940,000     $  1.77     $ 993,485       8.88