Annual report pursuant to Section 13 and 15(d)

MAJOR CUSTOMERS

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MAJOR CUSTOMERS
 12 Months Ended
Feb. 28, 2014
MAJOR CUSTOMERS [Abstract]  
MAJOR CUSTOMERS

NOTE 10

MAJOR CUSTOMERS


For the year ended February 28, 2014, approximately, 39.9% of the Company's gross product revenue were derived from one major customer.  At February 28, 2014, accounts receivable due from this customer was $690,102.


For the year ended February 28, 2013, approximately, 27.4% and 12.2% of the Company's gross revenue were derived from two major customers.  At February 28, 2013, accounts receivable due from these customers were $366,890 and $82,368, respectively.


The largest customer in both years is a medical products and supplies distributor.  Although a number of larger FREEDOM60® users have elected to consolidate their purchases through one or more distributors in recent years, we continue to maintain a strong direct relationship with them.  We do not believe that their continued purchases of FREEDOM60® pumps, tubing, needle sets and related supplies is contingent upon the distributor.