WARRANTS (Tables)

3 Months Ended

May 31, 2016

Warrants Tables

Warrants issued and outstanding

The following table summarizes common stock purchase warrants issued and outstanding:

	Warrants		Weighted average exercise price		Aggregate intrinsic value		Weighted average remaining contractual life (years)
Outstanding at February 29, 2016		913,514	$	14.56	$	-		3.14
Granted		69,092		3.69		-		-
Cancelled		14,672		21.00		-		-
Outstanding at May 31, 2016		967,934	$	12.84	$	-		3.08

Warrants exercisable

Warrants exercisable at May 31, 2016 are:

Exercise Prices		Number of shares		Weighted average remaining life (years)		Exercisable number of shares
$	2.00		89,095		4.45		89,095
$	2.20		43,636		4.70		43,636
$	3.00		60,000		4.99		60,000
$	8.25		39,468		3.93		39,468
$	10.20		14,668		0.46		14,668
$	10.50		344,005		3.84		344,005
$	13.65		99,826		0.67		99,826
$	15.00		556		4.00		556
$	18.75		695		4.00		695
$	21.00		23,334		0.75		23,334
$	22.50		219,754		2.05		219,754
$	31.50		29,830		1.87		29,830
$	37.50		1,733		1.62		1,733
$	45.00		1,334		0.67		1,334
			967,934		3.08		967,934