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Stock Options and Warrants
 3 Months Ended
May 31, 2014
Equity [Abstract]  
Stock Options and Warrants

NOTE 3: STOCK OPTIONS AND WARRANTS

 

Stock Options – Under the 2013 Stock Incentive Plan, as amended ("2013 Plan"), options can be granted to officers, directors, consultants and employees of the Company and its subsidiaries to purchase up to 2,500,000 shares of the Company's common stock. Under the 2013 Plan options expire ten years after the date of grant. As of May 31, 2014, there were 135,500 options outstanding under the 2013 plan.

 

Under the 2003 Stock Incentive Plan, as amended ("2003 Plan"), until May 2013, options were available to be granted to officers, directors, consultants and employees of the Company and its subsidiaries to purchase up to 1,500,000 of the Company's common shares. As of May 31, 2014, there were 805,573 options outstanding under the 2003 Plan, under which no additional options may be granted.