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Warrants (Tables)

12 Months Ended

Feb. 28, 2019

Equity [Abstract]

Warrant activity

								2019								2018
				Number of warrants				Weighted average exercise price				Number of warrants				Weighted average exercise price
	Outstanding, beginning of period				140,667			$	12.00				637,670			$	6.00
	Issued				802,469				10.74				171,917				12.00
	Exercised				—				—				(225,020	)			6.83
	Expired				(140,667	)			12.00				(443,900	)			6.00
	Outstanding, end of period				802,469			$	10.74				140,667			$	12.00

Warrants outstanding

								2019
				Number of warrants				Weighted average exercise price
	January 15, 2020				277,778			$	9.32
	January 21, 2020				24,691				9.32
	February 25, 2021				200,000				11.00
	February 25, 2021				300,000				12.00
	Outstanding, end of period				802,469			$	10.74

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- References

No definition available.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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