EARNINGS (LOSS) PER SHARE

9 Months Ended

Nov. 30, 2019

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

18. EARNINGS (LOSS) PER SHARE 

The net income (loss) per common share amounts were determined as follows: 

	For the Three Months Ended						For the Nine Months Ended
	November 30,						November 30,
	2019			2018			2019			2018
Numerator:
Net income (loss) available to common shareholders		(3,396,031	)		7,787,499			(3,080,659	)		17,991,101
Effect of common stock equivalents
Add: interest expense on convertible debt		225,109			316,411			608,965			726,595
Add (less) loss (gain) on change of derivative liabilities		2,108,596			(10,223,431	)		(367,971	)		(26,216,071	)
Net income (loss) adjusted for common stock equivalents		(1,062,326	)		(2,119,521	)		(2,839,665	)		(7,498,375	)
Denominator:
Weighted average shares - basic		3,127,301,379			8,949,875			1,855,955,342			4,028,324
Net income (loss) per share – basic	$	(0.00	)	$	0.87		$	(0.00	)	$	4.47
Dilutive effect of common stock equivalents:
Warrants		—			432,324			—			299,404
Convertible Debt		—			1,214,611,324			—			1,186,653,028
Preferred shares*		—			56,069,447			—			56,069,447
Denominator:
Weighted average shares – diluted		3,127,301,379			1,280,062,970			1,855,955,342			1,247,050,203
Net income (loss) per share – diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)

The anti-dilutive shares of common stock equivalents for the three and nine months ended November 30, 2019 and 2018 were as follows: 

	For the Three Months  Ended November 30,				For the Nine Months  Ended November 30,
	2019		2018		2019		2018
Stock options and warrants		—		—		—		—
Convertible debt		138,526,759,167		—		138,526,759,167		—
Preferred stock		13,288,319,664		—		13,288,319,664		—
Total		151,815,078,831		—		151,815,078,831		—