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Stock Options and Warrants
 9 Months Ended
Nov. 30, 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 November 30, 2014, there were 140,500 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 November 30, 2014, there were 633,446 options outstanding under the 2003 Plan, under which no additional options may be granted.