Stockholders' Equity (Tables)
 12 Months Ended
Feb. 28, 2017
Stockholders Equity Tables  
Warrants activities

The table below summarizes the Company's warrants activities:

 

   

Number of

Warrant Shares

     Exercise Price Range Per Share     Weighted Average Exercise Price  
                   
Balance, February 28, 2015     -     $ -     $ -  
                         
Granted     2,322,334     $ 0.80 to $6.00       1.03  
                         
Forfeited     -       -       -  
                         
Exercised     -       -       -  
                         
Expired     -       -       -  
                         
Balance, February 29, 2016     2,322,334     $ 0.80 to $6.00     $ 1.03  

 

Granted     712,670     $ 3.00 to $6.00     $ 5.68  
                         
Forfeited     (1,037,500 )   $ 0.80     $ 0.80  
                         
Exercised     (247,500 )   $ 0.80     $ 0.80  
                         
Expired     (102,334 )   $ 6.00     $ 6.00  
                         
Balance, February 28, 2017     1,647,670     $ 0.80 to $6.00     $ 2.91  
                         
Earned and exercisable, February 28, 2017     1,136,420     $ 0.80 to $6.00     $ 3.73  
                         
Unvested, February 28, 2017     511,250     $ 0.80 to $3.00     $ 1.10  
Outstanding and exercisable warrants

The following table summarizes information concerning outstanding and exercisable warrants as of February 28, 2017:

 

      Warrants Outstanding     Warrants Exercisable  

Range of

Exercise Prices

    

Number

Outstanding

    

Average

Remaining

Contractual Life

(in years)

    

Weighted

Average

Exercise Price

    

Number

Exercisable

    

Average

Remaining

Contractual Life

(in years)

    

Weighted

Average

Exercise

Price

  
                                       
$ 0.80       935,000       0.47     $ 0.80       492,500       0.47     $ 0.80  
$ 6.00       637,670       0.77     $ 6.00       637,670       0.77     $ 6.00  
$ 3.00       75,000       1.27     $ 3.00       6,250       1.27     $ 3.00  
Estimated fair value of warrants on grant date

The Company estimated the fair value of the warrants on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

   

Year ended

February 28,
2017

    

Year ended

February 29,
2016

  
Expected life years   1 to 2 Years     1 to 2 Years  
             
Expected volatility     122.28 %     87.99 %
                 
Expected annual rate of quarterly dividends     0.00 %     0.00 %
                 
Risk-free rate     0.91 %     0.87 %