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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Feb. 28, 2017
Feb. 29, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,941,557) $ (4,654,179)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 95,838 96,188
Share-based compensation 640,865 822,801
Accretion of debt discount included in interest expense 958,053 253,313
Loss on sale of notes receivable and assets 112,500 10,196
Loss on settlement of accounts payable 64,323 0
Loss on settlement of capital lease 0 8,820
Gain related to reimbursement of prior period research and development expense (Note 4) 0 (150,000)
Loss on extinguishment of debt 1,375,829 0
Change in fair value of warrant liability (2,405,985) (349,596)
Change in fair value of put option embedded in note payable (614,484) 10,015
Net changes in assets and liabilities    
Prepaid expenses 170,664 112,877
Refundable deposit 0 (3,600)
Accounts payable and accrued expenses (50,095) 648,980
Deferred research and development reimbursement 177,517 0
Interest payable 101,889 53,649
Net Cash used in Operating Activities (2,314,643) (3,140,536)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from note receivable 0 100,000
Proceeds received from settlement of capital lease 0 2,897
Proceeds from sale of note receivable 12,500 0
Purchase of equipment (13,421) (151,830)
Net Cash used in Investing Activities (921) (48,933)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of debt 122,790 1,611,408
Proceeds from issuance of common stock and warrants, net 2,746,688 0
Proceeds from issuance of Series B preferred stock and warrant, net 0 1,945,244
Re-purchase of common stock and warrants 0 (111,563)
Payment of notes (8,000) 0
Payment of capital lease obligation 0 (42,407)
Payment of short-term debt (126,990) (107,250)
Net Cash provided by Financing Activities 2,734,488 3,295,432
Net increase in cash and cash equivalents 418,924 105,963
Cash and cash equivalents at the beginning of the year 363,783 257,820
Cash and cash equivalents at the end of the year 782,707 363,783
Supplemental Disclosure of Non-Cash Financing Activities    
Warrant liability associated with note payable 15,225 311,057
Placement agent warrants issued with note payable 0 16,800
Issuance of common stock and warrants as payment of accounts payable 212,278 0
Issuance of common stock and warrants to convert debt and accrued interest 2,326,321 0
Financing of insurance premium through notes payable 158,400 107,250
Note receivable received for sale of assets 0 75,000
Warrants issued to placement agents 278,223 175,241
Series B Preferred PIK dividend 191,941 235,508
Series B Preferred Stock accrued dividends 227,163 267,058
Capital lease settled against deposit 0 227,235
Deemed dividend related to Series B Preferred Stock BCF adjustment for conversion price adjustment 708,303 0
Issuance of common stock , preferred stock and warrants in exchange for cancellation of Series B preferred stock and Series A Warrants 67,900 0
Deemed dividend to Series B preferred stock holders upon exercising Most Favorable Nation option 2,340,552 0
Exchange OID notes and note payable to convertible debt 986,269 0
Issuance of warrants in connection with OID Notes amendment $ 44,095 $ 0