INVENTORY

12 Months Ended

Feb. 29, 2012

Inventory consisted of the following February 29, 2012 and February 28, 2011:

	2012		2011
Inventory	$	0	$	24,720
Less: allowance for obsolescence		0		0
Net property and equipment	$	0	$	24,720

During the year, Company decided to change the business plan and is no longer performing surgeries and selling conditioners. Therefore, management decided to write-off the inventory as of February 29, 2012 and recorded an expense of $24,337 in inventory allowance.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

BIOSTEM U.S. CORP 10-K