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Consolidated Statements of Operations (Unaudited) - USD ($)
12 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Revenue    
Revenue $ 0 $ 0
Total revenue 0 0
OPERATING EXPENSES    
General & administrative 3,418,235 3,524,901
Research & development 1,360,739 1,266,158
Total Operating Expenses 4,778,974 4,791,059
OTHER EXPENSES (INCOME)    
Interest expense 317,238 634,338
Deferred financing costs amortization 0 60,523
Other income, net (141,549) (2,253)
Realized loss on marketable securities, including brokerage fees and commissions 0 68,748
Change in fair value of warrant liability (349,596) 118,300
Change in fair value of put embedded in note payable 10,015 0
Beneficial conversion feature 0 2,324,759
Settlement expense 39,097 0
Total Other Expenses (Income) (124,795) 3,204,415
NET LOSS (4,654,179) (7,995,474)
Net loss (4,654,179) (7,995,474)
Deemed dividend on Series B Preferred Stock issuance (1,067,491) (225,296)
Accrued dividends on Series B Preferred Stock (267,058) (16,767)
Loss attributable to common shareholders $ (5,988,728) $ (8,237,537)
Net loss per share, basic and diluted $ (3.30) $ (4.96)
Weighted average of shares outstanding, basic and diluted 1,816,060 1,661,933