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Consolidated Statements of Operations (Unaudited) - USD ($)
12 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Revenue    
Revenue    
Total revenue    
OPERATING EXPENSES    
General & administrative $ 3,524,901 $ 3,526,863
Research & development 1,266,158 824,336
Total Operating Expenses 4,791,059 4,351,199
OTHER EXPENSES (INCOME)    
Interest income 95,019 137,098
Accretion expense 539,319 829,969
Deferred financing costs amortization 60,523 14,159
Other income, net (2,253) $ (82)
Realized loss on marketable securities, including brokerage fees and commissions (68,748)  
Change in fair value of warrant liability 118,300  
Beneficial conversion feature $ 2,324,759  
Loss on extinguishment of debt   $ 32,853
Total Other Expenses (Income) $ 3,204,415 1,013,997
NET LOSS (7,995,474) (5,365,196)
Net loss (8,237,537) $ (5,365,196)
Deemed Dividend on Series B Preferred Stock issuance (225,296)  
Accrued dividends on Series B Preferred Stock (16,767)  
Loss attributable to common shareholders $ (8,237,537) $ (5,365,196)
Net loss per share, basic and diluted $ (0.33) $ (0.25)
Weighted average of shares outstanding 24,928,994 21,169,091