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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2015
Aug. 31, 2014
Feb. 28, 2015
Feb. 28, 2014
Revenue            
Revenue
Total revenue
OPERATING EXPENSES            
General & administrative $ 1,076,032 $ 1,267,176 $ 2,024,928 $ 1,802,677 $ 3,524,901 $ 3,526,863
Research & development 317,968 479,635 537,294 732,717 1,266,158 824,336
Total Operating Expenses 1,394,000 1,746,811 2,562,222 2,535,394 4,791,059 4,351,199
OTHER EXPENSES (INCOME)            
Interest income         95,019 137,098
Interest expense $ 40,444 217,860 45,361 618,606    
Accretion expense     $ 29,883 539,319 539,319 829,969
Deferred financing costs amortization 15,131 60,523 60,523 14,159
Other income, net $ (139,967) $ (522) $ (140,136) $ (3,159) (2,253) $ (82)
Realized loss on marketable securities, including brokerage fees and commissions         (68,748)
Change in fair value of warrant liability $ (36,400) $ (172,900) 118,300
Beneficial conversion feature $ 2,324,760 $ 2,324,760 $ 2,324,759
Loss on extinguishment of debt         $ 32,853
Change in fair value of put embedded in note payable $ 3,134 $ 3,134    
Settlement expense 660 39,097    
Total Other Expenses (Income)         $ 3,204,415 1,013,997
NET LOSS (1,261,871) $ (4,304,040) (2,336,778) $ (5,536,124) (7,995,474) (5,365,196)
Net loss $ (1,331,076) $ (4,304,040) (3,528,736) $ (5,536,124) (8,237,537) $ (5,365,196)
Deemed Dividend on Series B Preferred Stock issuance (1,067,491) (225,296)
Accrued dividends on Series B Preferred Stock $ (69,205) (124,467) (16,767)
Loss attributable to common shareholders $ (1,331,076) $ (4,304,040) $ (3,528,736) $ (5,536,124) $ (8,237,537) $ (5,365,196)
Net loss per share, basic and diluted $ (0.73) $ (2.53) $ (1.94) $ (3.52) $ (4.95) $ (3.80)
Weighted average of shares outstanding 1,823,003 1,702,820 1,816,136 1,572,171 1,661,933 1,411,273