Income Taxes (Tables)

12 Months Ended

Feb. 28, 2014

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, 2014 and 2013 follows:

	2014					2013
	Total			Percent		Total			Percent
Statutory federal rate	$	1,406,202		35.00	%	$	(919,189	)	35.00	%
Amount not subject to corporate income taxes	(84,696		)	(2.11	)%	116,304			(4.43	)%
Permanent items	—			—	%	(108,022		)	4.11	%
Provision to tax return adjustments	—			—	%	25,628			(0.97	)%
Tax credit	(46,254		)	(1.15	)%	—			—	%
Change in valuation allowance	(1,112,489		)	(27.69	)%	940,205			(35.80	)%
Deferred True-up	478			0.01	%	(54,926		)	2.09	%
Tax at effective rate	$	163,241		4.06	%	$	—		—	%

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, 2014 and 2013.

	2014			2013
Net operating loss carryforward	$	—		$	743,289
Tax credit carryforward	—			356,615
Basis difference for investments in investees	5,362,468			5,241,886
Acquisition costs	157,079			157,079
Contributions limitation and carryforward	85,000			218,168
Subtotal	5,604,547			6,717,037
Less: valuation allowance	(5,604,547		)	(6,717,037		)
Net deferred tax asset	$	—		$	—