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QUARTERLY FINANCIAL DATA (Tables)
12 Months Ended
Feb. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following tables set forth our unaudited consolidated financial data regarding operations for each quarter of fiscal 2014, 2013 and 2012. This information, in the opinion of management, includes all adjustments necessary, consisting only of normal and recurring adjustments, to state fairly the information set forth therein.
 
 
 
Fiscal 2014
 
 
 
1st  Quarter
 
2nd  Quarter
 
3rd  Quarter
 
4th  Quarter
 
Revenues
 
$
4,263,841
 
$
2,837,243
 
$
4,485,284
 
$
4,099,871
 
Loss from Operations
 
$
(2,804,190)
 
$
(2,773,050)
 
$
(1,454,819)
 
$
(2,112,363)
 
Pre-tax Income (Loss)
 
$
2,608,839
 
$
(2,743,073)
 
$
(1,422,925)
 
$
(2,039,258)
 
Net Income (Loss)
 
$
1,679,178
 
$
(1,793,303)
 
$
(938,766)
 
$
(1,401,214)
 
Net Income (Loss) Per Share
 
$
0.09
 
$
(0.10)
 
$
(0.05)
 
$
(0.08)
 
 
 
Fiscal 2013
 
 
 
1st  Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
Revenues
 
$
5,739,557
 
$
3,062,587
 
$
4,776,403
 
$
5,326,290
 
Loss from Operations
 
$
(1,709,960)
 
$
(2,628,930)
 
$
(1,797,558)
 
$
(2,082,162)
 
Pre-tax Income (Loss)
 
$
1,635,963
 
$
(2,534,850)
 
$
(1,139,622)
 
$
(2,050,879)
 
Net Income (Loss)
 
$
1,037,031
 
$
(1,849,325)
 
$
(753,649)
 
$
(1,311,082)
 
Net Income (Loss) Per Share
 
$
0.05
 
$
(0.10)
 
$
(0.04)
 
$
(0.07)
 
 
 
 
Fiscal 2012
 
 
 
1st  Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
 
Revenues
 
$
9,833,395
 
$
10,811,349
 
$
6,666,795
 
$
5,610,650
 
Loss from Operations
 
$
(1,433,512)
 
$
(509,014)
 
$
(2,162,342)
 
$
(1,631,771)
 
Pre-tax Loss
 
$
(1,290,866)
 
$
(405,540)
 
$
(1,475,900)
 
$
(1,381,093)
 
Net Loss
 
$
(874,144)
 
$
(323,183)
 
$
(1,082,848)
 
$
(843,303)
 
Net Loss Per Share
 
$
(0.05)
 
$
(0.02)
 
$
(0.06)
 
$
(0.05)