STOCK OPTIONS (Tables)

9 Months Ended

Nov. 30, 2014

Stock Options Tables

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

Expected volatility	113.47 - 123.55%
Expected dividend yield	0.00%
Risk-free interest rate	0.67% - 2.32%
Expected Term	6.30 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		188,335		8.36		-		-
Exercised		-		-		-		-
Forfeited		534		8.10		-		-
Expired		3,667		10.20		-		-
Outstanding and expected to vest at November 30, 2015		371,476	$	16.08	$	-		7.94
Exercisable at November 30, 2015		173,700	$	21.00	$	-		6.52

Exercisable and unexercisable stock options

Exercisable						Unexercisable
Number of Options		Exercise Price		Weighted Average Remaining Life (years)		Number of Options		Exercise Price		Weighted Average Remaining Life (years)
	1,068	$	8.10		9.17		-	$	8.10		-
	48,335	$	8.25		4.86		133,333	$	8.25		9.50
	52,434	$	10.20		6.11		-	$	10.20		-
	3,334	$	11.25		9.47		3,333	$	11.25		9.47
	8,890	$	16.50		8.88		31,110	$	16.50		8.88
	14,735	$	22.50		8.66		30,000	$	22.50		8.05
	44,904	$	48.75		7.35		-	$	48.75		-
	173,700	$	21.00		6.52		197,776	$	11.76		9.19