Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS (Tables)

v2.4.0.6
STOCK OPTIONS (Tables)
12 Months Ended
Feb. 28, 2013
STOCK OPTIONS [Abstract]  
Schedule of Stock Options Assumptions


         

Risk free rate

 

 

2.4%

 

Volatility

 

 

96.16%

 

Expected life

 

 

1.5 years

 

Dividend yield

 

 

0%

 


Summary of Stock Options Activity

The following table summarizes the Company's stock options.


                     

Options

 

Shares

 

Weighted-
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contractual
Term

 

Outstanding at March 1, 2012

 

 

125,000

 

$

0.06

 

 

0.3

 

Granted

 

 

-

 

 

-

 

 

-

 

Exercised

 

 

-

 

 

-

 

 

-

 

Forfeited or expired

 

 

(125,000

)

$

0.06

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at February 28, 2013

 

 

-

 

 

-

 

 

-

 

Exercisable at February 28, 2013

 

 

-

 

 

-

 

 

-