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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Feb. 28, 2015
Feb. 28, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,995,474) $ (5,365,196)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 61,897 21,796
Share based compensation 1,333,871 1,946,772
Accretion expense 539,319 $ 829,969
Realized loss on sale of marketable securities acquired in equity financing 42,421  
Beneficial conversion feature 2,324,759  
Amortization of deferred financing costs $ 60,523 $ 14,159
Loss on extinguishment of debt   $ 32,853
Change in fair value of warrant liability $ 118,300  
Warrants issued for services   $ 42,993
Net changes in assets and liabilities    
Other receivable $ 20,000 (20,000)
Prepaid expenses 67,165 81,766
Refundable deposit (268,585) (10,367)
Accounts payable and accrued expenses 44,915 89,960
Interest payable 66,064 135,761
NET CASH USED IN OPERATING ACTIVITIES (3,584,825) $ (2,199,534)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of marketable securities 1,214,212  
Purchase of equipment 65,646 $ 172,724
NET CASH PROVIDED BY INVESTING ACTIVITIES 1,148,566 (172,724)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible debt 615,000 $ 2,055,000
Proceeds from issuance of common stock and warrants, net 711,053  
Proceeds from issuance of short-term notes 65,000 $ (74,682)
Proceeds from issuance of Series B preferred stock and warrant, net 1,062,420  
Payment of convertible notes (100,000)  
Payment of capital lease obligation (48,962)  
Payment of short-term debt (93,840) $ (93,840)
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,210,671 1,886,478
Net decrease in cash and cash equivalents (225,588) (485,780)
Cash at the beginning of the year 483,408 969,188
Cash at the end of the year $ 257,820 $ 483,408