• Filing Date: 2016-07-15
  • Form Type: 10-Q
  • Description: Quarterly report
v3.5.0.2
Stockholders' Equity (Tables)
3 Months Ended
May 31, 2016
Stockholders Equity Tables  
Company's warrants activities:
   

Number of

Warrant Shares

    Exercise Price Range Per Share     Weighted Average Exercise Price  
                   
Balance, February 29, 2016     2,322,334     $ 0.80 to $6.00     $ 1.03  
                         
Granted     331,334     $ 6.00       6.00  
                         
Forfeited     (1,000,000 )     0.80       0.80  
                         
Exercised     -       -       -  
                         
Expired     -       -       -  
                         
Balance, May 31, 2016     1,653,668     $ 0.80 to $6.00     $ 2.16  
                         
Earned and exercisable, May 31, 2016     1,038,668     $ 0.80 to $6.00     $ 2.97  
                         
Unvested, May 31, 2016     615,000     $ 0.80     $ 0.80  
Concerning outstanding and exercisable warrants
      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       1,220,000       1.73     $ 0.80       680,000       1.73     $ 0.80  
$ 6.00       433,668       0.97     $ 6.00       102,334       .97     $ 6.00