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Income Taxes (Tables)
 12 Months Ended
Feb. 28, 2013
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation between the Company’s effective tax rate and the statutory tax rate for the years ended February 28, 2013 and December 31, 2011 follows:
 
February 28, 2013
 
December 31, 2011 (1)
 
Total
 
Percent
 
Total
 
Percent
Statutory federal rate
$
(340,939
)
 
35.00
 %
 
$
(2,510,492
)
 
35.00
 %
Amount not subject to corporate income taxes
116,304

 
(11.94
)%
 
90,590

 
(1.26
)%
Permanent items
(46,637
)
 
4.79
 %
 
(14,276
)
 
0.20
 %
Provision to tax return adjustments
25,628

 
(2.63
)%
 
—

 
—
 %
Change in valuation allowance
300,570

 
(30.86
)%
 
2,434,178

 
(33.94
)%
Deferred True-up
(54,926
)
 
5.64
 %
 
—

 
—
 %
Tax at effective rate
$
—

 
—
 %
 
$
—

 
—
 %
(1)
The reconciliation of the Company's effective and statutory tax rates for the year ended February 29, 2012 is not presented here as it is virtually identical (in all respects) to that of the year ended December 31, 2011. In addition, the effective and statutory rates for the two months ended February 29, 2012 and February 28, 2011 did not vary materially as the only reconciling item is an immaterial change in the valuation allowance to reduce the income tax benefit to zero.
Schedule of Deferred Tax Assets and Liabilities
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used to determine taxable income for income tax reporting purposes. The following table presents the significant components of the non-current deferred tax assets (liabilities) of the Company and its consolidated subsidiaries related to its investments in Eldorado and Mesquite as of February 28, 2013 and February 29, 2012.
 
February 28, 2013
 
February 29, 2012
Net operating loss carryforward
$
1,431,895

 
$
1,562,703

Tax credit carryforward
295,230

 
182,791

Basis difference for investments in investees
4,115,180

 
3,887,377

Acquisition costs
157,079

 
144,800

Contributions limitation and carryforward
78,018

 
—

Subtotal
6,077,402

 
5,777,671

Less: valuation allowance
(6,077,402
)
 
(5,777,671
)
Net deferred tax asset
$
—

 
$
—