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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Feb. 29, 2012
REVENUES $ 15,686,239 $ 18,904,837 $ 32,922,189
BROKERAGE FEES 11,688,419 13,175,255 21,207,759
REVENUES, NET OF BROKERAGE FEES 3,997,820 5,729,582 11,714,430
OPERATING AND ADMINISTRATIVE EXPENSES:      
General and administrative 8,477,444 7,813,970 7,778,958
Legal and professional fees 3,211,799 3,713,536 6,522,221
Premium advances, net 931,304 1,526,547 1,363,915
Impairment of investments in policies 297,610 745,402 906,451
Settlement costs 12,511 (104,453) 613,374
Depreciation 211,574 253,190 266,150
Total operating and administrative expenses 13,142,242 13,948,192 17,451,069
LOSS FROM OPERATIONS (9,144,422) (8,218,610) (5,736,639)
Interest and other income 83,961 187,036 536,365
Interest expense (77) (1,342) (5,694)
Income from assignment of income stream 5,254,500 0 0
Earnings from life settlement trust 114,886 458,377 28,807
Income from investments in policies 94,735 3,716,225 809,218
Loss on settlement of note receivable 0 (231,096) 0
Realized gain (loss) on investment securities 0 22 (185,456)
Total other income 5,548,005 4,129,222 1,183,240
LOSS BEFORE INCOME TAXES (3,596,417) (4,089,388) (4,553,399)
INCOME TAX BENEFIT (1,142,312) (1,212,363) (1,429,921)
NET LOSS (2,454,105) (2,877,025) (3,123,478)
Loss per share - Basic and Diluted $ (0.13) $ (0.15) $ (0.17)
AVERAGE COMMON AND COMMON EQUIVALENT SHARES OUTSTANDING:      
Basic 18,647,468 18,647,468 18,647,468
Diluted 18,647,468 18,647,468 18,647,468
THE COMPONENTS OF COMPREHENSIVE INCOME:      
Net loss (2,454,105) (2,877,025) (3,123,478)
Gain on investment securities, net of taxes 0 0 89,912
COMPREHENSIVE LOSS $ (2,454,105) $ (2,877,025) $ (3,033,566)
Common share dividends declared $ 0.20 $ 0.40 $ 0.70