Income Taxes (Tables)

12 Months Ended

Feb. 28, 2015

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, 2015 and 2014 follows:

	2015					2014
	Total			Percent		Total			Percent
Statutory federal rate	$	337,744		35.00	%	$	1,406,202		35.00	%
Amount not subject to corporate income taxes	(260,993		)	(27.05	)%	(84,696		)	(2.11	)%
Pass-through tax credits	(436,360		)	(45.22	)%	(46,254		)	(1.15	)%
Adjustments to estimated taxable income of equity method investees	(612,548		)	(63.48	)%	478			0.01	%
Change in valuation allowance	808,916			83.83	%	(1,112,489		)	(27.69	)%
Tax at effective rate	$	(163,241	)	(16.92	)%	$	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, 2015 and 2014.

	2015			2014
Tax credit carryforwards	$	436,360		$	—
Basis difference for available-for-sale securities	5,057,227			—
Basis difference in equity method investees
Eldorado	—			4,646,615
Mesquite	875,819			715,853
Acquisition costs	157,079			157,079
Contributions limitation and carryforward	106,029			85,000
Net operating loss carryforward	191,562			—
Subtotal	6,824,076			5,604,547
Less: valuation allowance	(6,824,076		)	(5,604,547		)
Net deferred tax asset	$	—		$	—