Stockholders' Equity
 6 Months Ended
Aug. 31, 2018
Notes to Financial Statements  
Note 7. Stockholders' Equity

Common Stock

 

For the six months ended August 31, 2018  

Number of

shares

     Amount  
Balance, February 28, 2018     33,751,088     $ 3,376  
Cashless exercise of warrants     18,821       2  
Issuance of shares upon vesting of restricted stock units     35,797       3  
Balance, August 31, 2018     33,805,706     $ 3,381  

 

During the six months ended August 31, 2018, the Company issued 18,821 shares of common stock upon the cashless exercise of 20,000 warrants and 35,797 shares of common stock upon issuance of restricted stock units.

 

During the six months ended August 31, 2017, the Company sold 1,123,266 shares of its common stock at an offering price of $5.25, resulting in net proceeds to the Company of $5,897,188. During the six months ended August 31, 2017, the Company issued 20,000 shares of common stock upon the cashless exercise of 22,919 warrants and 193,770 shares of its common stock upon the exercise of warrants at an offering price of $6.00 per share, resulting in proceeds of $1,163,016.