STOCK OPTIONS (Tables)

3 Months Ended

12 Months Ended

May. 31, 2015

Feb. 28, 2015

Stock Options Tables

Weighted average inputs to the Black-Scholes model used to value the stock options granted

Expected volatility	123%
Expected dividend yield	0.00%
Weighted average risk-free interest rate	1.88%
Expected Term	6.08 years

Common stock options issued and outstanding

	Options		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual life (years)
Outstanding at February 28, 2015		187,342	$	23.70	$	20,670		8.29
Granted		86,667		8.25		—		—
Exercised		—		—		—		—
Forfeited		534		8.10		—		—
Expired		—		—		—		—
Outstanding and expected to vest at May 31, 2015		273,475	$	18.90	$	—		8.65
Exercisable at May 31, 2015		117,941	$	26.40	$	—		7.25

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, 2014		178,675		$	25.50		—		—
Forfeited, cancelled and expired		(41,003	)	$	23.40		—		—
Issued		49,670		$	17.25		—		—
Outstanding and expected to vest at February 28, 2015		187,342		$	23.70	$	20,670		8.29
Exercisable at February 28, 2015		116,142		$	26.70	$	17,790		7.67