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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
May 31, 2013
May 31, 2012
REVENUES $ 4,263,841 $ 5,739,557
BROKERAGE FEES 3,381,426 3,573,399
REVENUES, NET OF BROKERAGE FEES 882,415 2,166,158
OPERATING AND ADMINISTRATIVE EXPENSES:    
General and administrative 2,152,418 1,775,652
Legal and professional fees 1,227,094 1,011,081
Premium advances, net 242,653 275,031
Impairment of investments in policies 11,968 671,918
Settlement costs (347) 79,604
Depreciation 52,819 62,832
Total operating and administrative expenses 3,686,605 3,876,118
INCOME (LOSS) FROM OPERATIONS (2,804,190) (1,709,960)
Income from assignment of income stream 5,254,500 0
Interest and other income 28,726 78,442
Earnings from life settlement trust 114,886 16,107
Income from investments in policies 14,917 3,482,470
Loss on settlement of note receivable 0 (231,096)
Total other income (expense) 5,413,029 3,345,923
INCOME (LOSS) BEFORE INCOME TAXES 2,608,839 1,635,963
INCOME TAXES 929,661 598,932
NET INCOME $ 1,679,178 $ 1,037,031
EARNINGS:    
Per share - Basic and Diluted $ 0.09 $ 0.06
AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING:    
Basic and Diluted 18,647,468 18,647,468