XML 20 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED BALANCE SHEETS (Unaudited) (USD $)
May 31, 2012
Feb. 29, 2012
Current assets:    
Cash and cash equivalents $ 10,746 $ 6,260
Accounts receivable, net of allowance for doubtful accounts of $60,000 and $60,000 at May 31, 2012 and February 29, 2012, respectively 740,598 794,704
Inventory - current 1,000,000 1,000,000
Other current assets 378,422 535,768
Total current assets 2,129,766 2,336,732
Property, plant, and equipment, net 152,875 198,138
Inventory, non-current, net of allowance for obsolete inventory of $1,458,180 and $1,563,066 at May 31, 2012 and February 29, 2012, respectively 1,538,925 1,604,000
Total assets 3,821,566 4,138,870
Current liabilities:    
Bank Overdraft 0 16,068
Accounts payable 964,913 770,507
Accrued expenses 1,235,389 1,019,959
Customer advances 37,253 57,211
Notes payable 150,000 150,000
Convertible notes payable, net of discount 1,139,137 1,064,644
Notes payable and accrued interest- related party 14,645,827 12,562,743
Total current liabilities 18,172,519 15,641,132
Convertible note payable, net of discount 0 96,786
Total liabilities 18,172,519 15,737,918
Commitments and contingencies      
Stockholders' deficit :    
Common stock, $0.0001par value; 150,000,000 shares authorized 72,292,669 and 71,942,669 issued and outstanding at May 31, 2012 and February 29, 2012 7,229 7,194
Additional paid-in capital 394,131,415 393,801,622
Accumulated deficit (408,489,597) (405,407,864)
Total stockholders' deficit (14,350,953) (11,599,048)
Total liabilities and stockholders' deficit $ 3,821,566 $ 4,138,870