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CONSOLIDATED BALANCE SHEETS (USD $)
May 31, 2013
Feb. 28, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 9,819 $ 11,642
Marketable equity securities 0 4,106
Due from related parties 0 35,450
Total current assets 9,819 51,198
PROPERTY, NET of accumulated depreciation of $51,872 and $50,574, respectively 225,128 226,426
Total assets 234,947 277,624
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 176,944 186,517
Credit card obligations 42,506 46,295
Due to related parties 2,153,628 2,159,449
Total current liabilities 2,373,078 2,392,261
Total Liabilities 2,373,078 2,392,261
STOCKHOLDERS’ DEFICIENCY    
Common stock, $0.01 par value; 30,000,000 shares authorized; issued 3,552,502 and 3,552,502 shares, respectively 35,525 35,525
Preferred stock, $0.01 par value; 2,000,000 shares authorized; 1,105,679 shares issued and outstanding 11,057 11,057
Additional paid-in-capital 2,679,855 2,679,855
Deficit (4,822,114) (4,798,620)
Treasury stock, at cost; 39,975 shares (42,454) (42,454)
Total stockholders’ deficiency (2,138,131) (2,114,637)
Total liabilities and stockholders’ deficiency $ 234,947 $ 277,624