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Statement of Financial Position (USD $)
Feb. 29, 2012
Feb. 28, 2011
Current    
Cash and cash equivalents $ 1,189,539 $ 1,870,600
Accounts receivable 722,387 730,884
Inventory 1,281,653 974,739
Prepaid expenses and deposits 173,650 177,915
Total Current Assets 3,367,229 3,754,138
Property, plant and equipment 8,821,967 9,108,285
Deferred tax assets 2,714,627 2,807,730
Total Assets 14,981,079 15,670,153
Liabilities and Shareholders' Equity    
Other assets 77,256 0
Current    
Accounts payable and accrued liabilities 1,855,819 1,589,861
Current portion of long-term debt 134,852 487,613
Current portion of lease inducement 24,491 25,560
Total Current Liabilities 2,015,162 2,103,034
Long-term debt 218,374 1,628,412
Lease Inducement 0 24,491
Derivative Liability - non-employee stock options 263,143 245,983
Total Liabilities 2,496,679 4,001,920
Shareholders' Equity    
Share Capital Authorized 500,000,000 common shares without par value 20,000,000 preferred shares without par value Issued 3,236,668 common shares (2011 - 3,579,249) 36,678,050 40,607,350
Treasury stock 0 (19,536)
Additional paid-in capital 15,815,876 12,640,803
Accumulated other comprehensive income - currency translation adjustment 577,916 577,916
Accumulated deficit (40,587,442) (42,138,300)
Total Stockholders Equity 12,484,400 11,668,233
Total Liabilities and Shareholders' Equity $ 14,981,079 $ 15,670,153