Annual report pursuant to Section 13 and 15(d)

STATEMENT OF STOCKHOLDERS' EQUITY

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STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Treasury Stock [Member]
Balance at Feb. 28, 2010 $ 1,688,894 $ 100 $ 355,843 $ 3,008,162 $ (1,533,211) $ (142,000)
Balance, shares at Feb. 28, 2010   10,000 35,584,286      
Reversal of accrued preferred stock dividends 68,000       68,000  
Fair value of stock options issued and exercisable 12,511     12,511    
Conversion of preferred stock into common stock by director per agreement at $0.105 per share    (100) 9,524 (9,424)    
Conversion of preferred stock into common stock by director per agreement at $0.105 per share, shares   (10,000) 952,381      
Issuance of common stock as employee incentives at $0.17 per share 1,020   60 960    
Issuance of common stock as employee incentives at $0.17 per share, shares     6,000      
Issuance of common stock as incentive for property owner maintenance at $0.17 per share 5,950   350 5,600    
Issuance of common stock as incentive for property owner maintenance at $0.17 per share, shares     35,000      
Net income 704,085       704,085  
Balance at Feb. 28, 2011 2,480,460    365,777 3,017,809 (761,126) (142,000)
Balance, shares at Feb. 28, 2011      36,577,667      
Issuance of common stock for exercised stock options at $.06 per share 121,500   20,250 101,250    
Issuance of common stock for exercised stock options at $.06 per share, shares     2,025,000      
Excess tax benefit related to share-based compensation 132,875     132,875    
Adjustment of shares outstanding      (11,310) 11,310    
Adjustment of shares outstanding, shares     (1,131,000)      
Net income 815,893       815,893  
Balance at Feb. 29, 2012 $ 3,550,728    $ 374,717 $ 3,263,244 $ 54,767 $ (142,000)
Balance, shares at Feb. 29, 2012      37,471,667