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Consolidated Balance Sheets - USD ($)
Aug. 31, 2015
Feb. 28, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 1,087,982 $ 257,820
Notes receivable 175,000
Prepaid expenses 186,727 $ 38,748
Total Current Assets 1,449,709 296,568
Equipment (net of accumulated depreciation of $121,864 and $96,089, respectively) 542,212 526,606
Refundable deposits 42,100 278,952
TOTAL ASSETS 2,034,021 1,102,126
Current liabilities    
Accounts payable 265,826 293,152
Accrued expenses $ 266,991 4,565
Current portion of capital lease $ 99,965
Note payable (net of discount $453,793) $ 977,081
Accrued interest payable 8,000 $ 2,351
Accrued dividends on Series B Preferred Stock 46,441 16,767
Total Current Liabilities $ 1,564,339 416,800
Capital lease 169,676
Derivative warrant liability $ 250,644 273,000
TOTAL LIABILITIES 1,814,983 859,476
STOCKHOLDERS' EQUITY (DEFICIT)    
Common Stock, ($0.0001 par value; 150,000,000 shares authorized; 1,855,423 and 1,831,483 shares issued and outstanding respectively) 185 183
Additional Paid-in-capital 21,278,693 18,965,529
Accumulated deficit (21,059,927) (18,723,149)
Total stockholders' equity 219,038 242,650
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,034,021 1,102,126
Series A Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Convertible Preferred Stock: Series A convertible preferred stock ($0.0001 par value; 1,000,000 shares authorized; 874,257 and 874,257 shares issued and outstanding respectively); Series B convertible preferred stock ($0.0001 par value; 1,000 shares authorized; 633 and 229 shares issued and outstanding respectively) $ 87 $ 87
Series B Preferred Stock [Member]    
STOCKHOLDERS' EQUITY (DEFICIT)    
Convertible Preferred Stock: Series A convertible preferred stock ($0.0001 par value; 1,000,000 shares authorized; 874,257 and 874,257 shares issued and outstanding respectively); Series B convertible preferred stock ($0.0001 par value; 1,000 shares authorized; 633 and 229 shares issued and outstanding respectively)