CONSOLIDATED BALANCE SHEETS - USD ($)	Aug. 31, 2015	Feb. 28, 2015
CURRENT ASSETS:
Cash	$ 11,407	$ 44,697
Accounts receivable	103,440	97,279
Accounts receivable, factored	20,697	14,617
Inventories	279,929	288,441
Note receivable, related party	1,009,792	1,009,792
Due from related party	493,307	491,807
Other receivables, including related party receivables of $272,882 and $247,908, respectively	372,473	$ 317,881
Prepaid expenses	191
Total Current Assets	2,291,236	$ 2,264,514
Property and equipment, net of accumulated depreciation of $3,057,839 and $2,976,631, respectively	2,461,333	2,518,990
OTHER ASSETS:
Other assets	3,927	4,364
Investment, available for sale	49,500	55,000
Total Other Assets	53,427	59,364
TOTAL ASSETS	4,805,996	4,842,868
CURRENT LIABILITIES:
Accounts payable, including related party payables of $1,286 and $645, respectively	69,348	76,157
Accrued expenses, including related party balances of 8,240 and 20,276, respectively	49,716	44,018
Accrued interest, including related party balances of $53,857 and $48,692, respectively	360,731	344,413
Current portion of notes payable	667,843	248,251
Total Current Liabilities	$ 1,147,638	712,839
LONG-TERM LIABILITIES:
Notes payable, net of current portion		434,904
Notes payable, related party, net of current portion	$ 332,692	373,024
Due to stockholders	1,717,610	1,601,910
Total Long-Term Liabilities	2,050,302	2,409,838
Total Liabilities	$ 3,197,940	$ 3,122,677
STOCKHOLDERS' EQUITY
Preferred stock; $0; 5,000,000 shares authorized: Series A; cumulative and convertible; $0.001 par value; 600 shares authorized 102 shares issued and outstanding; liquidating preference $376,125
Preferred stock; $0; 5,000,000 shares authorized: Series B; cumulative and convertible; $0.001 par value; 3,950 shares authorized 3,944 shares issued and outstanding; liquidating preference $3,944,617	$ 3	$ 3
Common stock, $0.002 par value; 1,500,000,000 shares authorized; 1,157,812,573 and 1,157,812,573 shares issued and 1,157,290,573 and 1,157,290,573 shares outstanding, respectively	2,315,626	2,315,626
Additional paid-in capital	19,084,073	19,084,073
Stock subscription receivable	(10,000)	(10,000)
Accumulated other comprehensive loss	(54,000)	(48,500)
Accumulated deficit	(19,462,120)	(19,355,485)
Total	1,873,582	1,985,717
Treasury stock at cost; 522,000 shares of common stock	(265,526)	(265,526)
Total Stockholders' Equity	1,608,056	1,720,191
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,805,996	$ 4,842,868

AMERICAN COMMERCE SOLUTIONS Inc 10-Q