Premier Exhibitions (PRXI) 10-Q 15 Oct 14 2015 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Aug. 31, 2014	Oct. 10, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'PREMIER EXHIBITIONS, INC.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--02-28	'
Entity Common Stock, Shares Outstanding	'	49,095,002
Amendment Flag	'false	'
Entity Central Index Key	'0000796764	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Aug-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q2	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Aug. 31, 2014	Feb. 28, 2014
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$3,896	$3,434
Certificates of deposit and other investments	206	407
Accounts receivable, net of allowance for doubtful accounts of $352 and $392, respectively	1,265	1,331
Merchandise inventory, net of reserve of $17	1,152	1,206
Income taxes receivable	56	263
Prepaid expenses	2,242	2,012
Other current assets	445	381
Total current assets	9,262	9,034
Artifacts owned, at cost	2,890	2,901
Salvor's lien	1	1
Property and equipment, net of accumulated depreciation of $21,471 and $19,799, respectively	8,008	9,287
Restricted cash	364	'
Restricted certificate of deposit	800	'
Deferred income taxes	302	302
Long-term exhibition costs	192	215
Subrogation rights	250	250
Total Assets	29,707	30,256
Film, gaming and other application assets, net of accumulated amortization of $1,413 and $1,101, respectively	1,920	2,233
Goodwill	250	250
Current liabilities:	'	'
Accounts payable and accrued liabilities	5,530	3,301
Deferred revenue	3,684	3,076
Deferred income taxes	302	302
Current portion of capital lease obligations	40	39
Current portion of royalty payable, net of discount of $66 and $0, respectively	164	'
Current portion of notes payable, net of discount of $0 and $66, respectively	'	170
Total current liabilities	9,720	6,888
Long-Term liabilities:	'	'
Lease abandonment	1,209	1,440
Long-term portion of capital lease obligations	43	61
Long-term portion of royalty payable, net of discount of $76	814	'
Long-term portion of notes payable, net of discount of $17 and $134, respectively	183	1,126
Total long-term liabilities	2,249	2,627
Shareholders' equity:	'	'
Common stock; $.0001 par value; authorized 65,000,000 shares; issued 49,097,011 and 49,044,378 shares, respectively; outstanding 49,095,002 and 49,042,369 shares, respectively	5	5
Additional paid-in capital	54,040	53,822
Accumulated deficit	-38,495	-35,630
Accumulated other comprehensive loss	-326	-326
Less treasury stock, at cost; 2,009 shares	-1	-1
Equity Attributable to Shareholders of Premier Exhibitions, Inc.	15,223	17,870
Equity Attributable to Non-controlling interest	2,515	2,871
Total liabilities and shareholders' equity	29,707	30,256
Licensing Agreements [Member]	'	'
Current assets:	'	'
Finite-lived intangible assets, net	1,745	1,841
Future Rights Fees [Member]	'	'
Current assets:	'	'
Finite-lived intangible assets, net	$3,723	$3,942

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Aug. 31, 2014	Feb. 28, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts	$352	$392
Merchandise inventory, reserve	17	17
Property and equipment, accumulated depreciation	21,471	19,799
Film, gaming and other application assets, net of accumulated amortization	1,413	1,101
Other receivables, net of allowance for doubtful accounts	908	892
Common stock, par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized (in Shares)	65,000,000	65,000,000
Common stock, shares issued (in Shares)	49,097,011	49,044,378
Common stock, shares outstanding (in Shares)	49,095,002	49,042,369
Treasury stock, shares (in Shares)	2,009	2,009
Current [Member]	'	'
Royalty payable, discount	66	0
Notes payable, discount	0	66
Non-Current [Member]	'	'
Royalty payable, discount	76	'
Notes payable, discount	17	134
Licensing Agreements [Member]	'	'
Accumulated amortization	5,953	5,857
Future Rights Fees [Member]	'	'
Accumulated amortization	$657	$438

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income / (Loss) (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
Revenue:	'	'	'	'
Exhibition revenue	$6,755	$5,972	$12,763	$12,819
Merchandise revenue	1,409	1,659	2,754	3,565
Management fee	133	188	271	375
Total revenue	8,297	7,819	15,788	16,759
Cost of revenue:	'	'	'	'
Exhibition costs	4,687	3,208	8,508	6,172
Cost of merchandise sold	583	607	1,169	1,290
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	5,270	3,815	9,677	7,462
Gross profit	3,027	4,004	6,111	9,297
Operating expenses:	'	'	'	'
General and administrative	3,735	3,266	7,030	6,636
Depreciation and amortization	1,149	998	2,300	1,983
Gain on disposal of assets	'	-46	-4	-74
Contract and legal settlements	'	'	'	-297
Total operating expenses	4,884	4,218	9,326	8,248
Income/(loss) from operations	-1,857	-214	-3,215	1,049
Interest expense	-21	-99	-44	-237
Other income	20	154	38	147
Income/(loss) before income taxes	-1,858	-159	-3,221	959
Income tax benefit	'	-69	'	'
Net income/(loss)	-1,858	-90	-3,221	959
Less: Net (income)/loss attributable to non-controlling interest	205	28	356	-50
Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	-1,653	-62	-2,865	909
Net income/(loss) per share:	'	'	'	'
Basic income/(loss) per common share (in Dollars per share)	($0.03)	$0	($0.06)	$0.02
Diluted income/(loss) per common share (in Dollars per share)	($0.03)	$0	($0.06)	$0.02
Shares used in basic per share calculations (in Shares)	49,055,706	49,341,009	49,051,196	49,308,901
Shares used in diluted per share calculations (in Shares)	49,055,706	49,341,009	49,051,196	49,503,070
Comprehensive income/(loss)	($1,653)	($63)	($2,865)	$908

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flow (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
Cash flows from operating activities:	'	'
Net income/(loss)	($3,221)	$959
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	2,300	1,983
Lease abandonment	-231	-267
Stock-based compensation	218	151
Allowance for doubtful accounts	16	161
Write-off of deferred financing costs	100	'
Amortization of debt discount	41	232
Gain on disposal of assets	-4	-74
Changes in operating assets and liabilities:	'	'
Decrease in accounts receivable	263	26
(Increase)/decrease in merchandise inventory, net of reserve	54	-187
Increase in prepaid expenses	-202	-1,130
(Increase)/decrease in other current assets	-64	54
(Increase)/decrease in income taxes receivable	207	-86
Increase in other receivables	-16	-127
Increase in restricted cash	-149	'
(Increase)/decrease in long-term development costs	23	-48
Increase in accounts payable and accrued liabilities	2,156	327
Increase/(decrease) in deferred revenue	285	-566
Total adjustments	4,997	449
Net cash provided by operating activities	1,776	1,408
Cash flows from investing activities:	'	'
Purchases of property and equipment	-393	-2,612
Proceeds from disposal of assets	4	74
Purchase of restricted certificate of deposit	-800	'
Redemption of certificates of deposit	201	'
Decrease in artifacts	11	20
Net cash used in investing activities	-977	-2,518
Cash flows from financing activities:	'	'
Proceeds from option and warrant exercises	'	185
Deferred financing costs	-100	'
Payments on capital lease obligations	-17	-15
Payments on notes payable	-220	-130
Net cash provided by/(used in) financing activities	-337	40
Effects of exchange rate changes on cash and cash equivalents	'	1
Net increase/(decrease) in cash and cash equivalents	462	-1,069
Cash and cash equivalents at beginning of period	3,434	6,393
Cash and cash equivalents at end of period	3,896	5,324
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for interest	11	328
Cash paid/(received) during the period for taxes	-208	156
Supplemental disclosure of non-cash investing and financing activities:	'	'
Unrealized loss on marketable securities	'	2
Purchases of property and equipment under capital leases	'	26
Net assets recognized from execution of royalty agreement	$31	'

Note_1_Background_and_Basis_of

Note 1 - Background and Basis of Presentation	6 Months Ended
	Aug. 31, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	1	Background and Basis of Presentation
	Description of Business
	Premier Exhibitions, Inc. and subsidiaries (the “Company” or “Premier”) is in the business of presenting to the public museum-quality touring exhibitions around the world. Since our establishment, we have developed, deployed and operated unique exhibition products that are presented to the public in exhibition centers, museums and non-traditional venues. Income from exhibitions is generated primarily through ticket sales, third-party licensing, sponsorships and merchandise sales.
	Titanic Ventures Limited Partnership (“TVLP”), a Connecticut limited partnership, was formed in 1987 for the purpose of exploring the wreck of the Titanic and its surrounding oceanic areas. In May of 1993, R.M.S. Titanic, Inc. (“RMST”) entered into a reverse merger under which RMST acquired all of the assets and assumed all of the liabilities of TVLP and TVLP became a shareholder of RMST. In October of 2004, we reorganized and Premier Exhibitions, Inc. became the parent company of RMST and RMST became a wholly-owned subsidiary. Additional wholly-owned subsidiaries were established in order to operate the various domestic and international exhibitions of the Company.
	Our exhibitions regularly tour outside the United States of America (“U.S.”). Approximately 13% of our revenues for the three months ended August 31, 2014 compared with 13% for the three months ended August 31, 2013 resulted from exhibition activities outside the U.S. Approximately 12% of our revenues for the six months ended August 31, 2014 compared with 7% for the six months ended August 31, 2013 resulted from exhibition activities outside the U.S. Many of our financial arrangements with our international trade partners are based upon the U.S. dollar which limits the Company’s exposure to the risk of currency fluctuations between the U.S. dollar and the currencies of the countries in which our exhibitions are touring.
	Corporate Structure
	Our business has been divided into an exhibition management division and a content division. The content division is the Company’s existing subsidiary, RMST, which holds all of the Company’s rights with respect to the Titanic assets and is the salvor-in-possession of the Titanic wreck site. These assets include title to all of the recovered artifacts in the Company’s possession, in addition to all of the intellectual property (data, video, photos, maps, etc.) related to the recovery of the artifacts and scientific study of the ship.
	We also formed a new entity, Premier Exhibition Management LLC (“PEM”), in September 2011, to manage all of the Company’s exhibition operations (exhibition division). This includes the operation and management of our Bodies, Titanic, Pirates and Pompeii exhibitions. PEM will also pursue “fee for service” arrangements to manage exhibitions based on content owned or controlled by third parties.
	On April 20, 2012, Premier Exhibition Management LLC and its wholly owned subsidiary, PEM Newco, LLC (“Newco”), both subsidiaries of the Company, entered into a purchase agreement with AEG Live LLC, AEG Exhibitions LLC, and Arts and Exhibitions International, LLC pursuant to which Newco purchased substantially all of the assets of Arts and Exhibitions International, LLC (“AEI”). The assets purchased include the rights and tangible assets relating to four touring exhibitions known as “King Tut II,” “Cleopatra,” “America I Am” and “Real Pirates.” Of these four exhibitions, the Company is currently touring only “Real Pirates”. The acquired assets include rights agreements with the owners of the artifacts and intellectual property comprising the exhibitions, museum/venue agreements for existing exhibition venues, sponsorship agreements, a warehouse lease and an office lease. In addition, the acquired assets include intellectual property related to proposed future exhibitions that the Company may further develop and produce including the exhibit “One Day in Pompeii”, which is currently being toured by the Company. The Company will operate any such additional properties through its exhibition management subsidiary. Subsequent to the asset purchase, Newco changed its name to Arts and Exhibitions International, LLC.
	On July 12, 2012, the Company purchased substantially all of the assets of Exhibit Merchandising, LLC for $125 thousand. As part of the acquisition of the assets of Exhibit Merchandising, LLC, we obtained the rights to sell all merchandise related to “Tutankhamun and the Golden Age of the Pharaohs”, “Cleopatra: The Exhibition” and “Real Pirates”. These merchandising rights are operated under our Premier Merchandising, LLC subsidiary.
	The restructuring of the Company and changes in its management, reflect that Premier has two operating segments – Exhibition Operations (PEM) and Content Management (RMST).
	Basis of Presentation
	When we use the terms “Premier,” “Company,” “we,” “us” and “our,” we mean Premier Exhibitions, Inc., a Florida corporation and its subsidiaries. We have prepared the accompanying unaudited condensed consolidated financial statements and unaudited notes to condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States (“U.S. GAAP”) regarding interim financial reporting. Accordingly, they do not contain all of the information and notes required by U.S. GAAP for complete financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for our fiscal year ended February 28, 2014. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of only normal recurring adjustments) considered necessary for a fair presentation of our financial condition as of August 31, 2014, our results of operations for the three and six months ended August 31, 2014 and 2013 and cash flows for the six months ended August 31, 2014 and 2013. The data in the consolidated balance sheet as of February 28, 2014 was derived from our audited consolidated balance sheet as of February 28, 2014, as presented in our Annual Report on Form 10-K for our fiscal year ended February 28, 2014. The unaudited condensed consolidated financial statements include the accounts of Premier and its subsidiaries after the elimination of all significant intercompany accounts and transactions. Our operating results for the three and six months ended August 31, 2014 are not necessarily indicative of the operating results that may be expected for the full fiscal year ending February 28, 2015 (“fiscal 2015”).
	Significant Accounting Policies
	For a description of significant accounting policies, see the Summary of Significant Accounting Policies footnote to the Financial Statements included in the Company’s 2014 Annual Report on Form 10-K.  There have been no material changes to the Company’s significant accounting policies since the filing of the Company’s 2014 Annual Report on Form 10-K.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from reported results using those estimates.
	Recent Accounting Pronouncements
	Recently Adopted
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists in Accounting Standards Update 2013-11 (ASU 2013-11)
	In July of 2013, the Financial Accounting Standards Board (FASB) issued ASU No. 2013-11, Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward Exists,” which requires tax benefits to be presented in the financial statement as a reduction to deferred tax asset for a net operating loss carryforward or a tax credit carryforward. The Company adopted the guidance effective March 1, 2014. The adoption of this guidance did not have a material effect on the Company’s financial position, results of operations, or our disclosures.
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity Update 2014-08 (ASU 2014-08)
	In April of 2014, FASB issued Accounting Standards Update No. 2014-08 that changes the criteria and requires expanded disclosures for reporting discontinued operations. The adoption of the pronouncement is not anticipated to have a material impact on our consolidated financial statements. This accounting update is effective for annual and interim periods beginning after December 15, 2014 and is to be applied prospectively. The Company adopted the guidance effective March 1, 2014. The adoption of this guidance did not have a material effect on the Company’s financial position, results of operations, or our disclosures.
	Recently Issued
	Revenue from Contracts with Customers Update 2014-09 (ASU 2014-09)
	In May of 2014, FASB issued Accounting Standards Update No. 2014-09 that affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance.
	The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The provisions of the guidance will be effective for the Company beginning in the first fiscal quarter of 2018. The Company is currently evaluating the impact of this accounting pronouncement on our consolidated financial statements.
	Preparation of Financial Statements - Going Concern Update 2014-15 (ASU 2014-15)
	In August 2014, FASB issued Accounting Standards Update No. 2014-15 Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements--Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of this accounting pronouncement on our consolidated financial statements.

Note_2_IncomeLoss_Per_Share_Da

Note 2 - Income/(Loss) Per Share Data	6 Months Ended
	Aug. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	2	Income/(Loss) Per Share Data
	Basic per share amounts exclude dilution and are computed using the weighted average number of common shares outstanding for the period. Diluted per share amounts reflect the potential reduction in earnings per share that could occur if equity based awards were exercised or converted into common stock, unless the effects are anti-dilutive (i.e., the exercise price is greater than the average market price of the common shares). Potential common shares are determined using the treasury stock method and include common shares issuable upon exercise of outstanding stock options and warrants.
	The following table sets forth the computation of basic and diluted net income/(loss) per share.
		Three Months Ended August 31,						Six Months Ended August 31,
		2014			2013			2014			2013
	Numerator:
	Net income/(loss) attributable to shareholders (in thousands)	$	(1,653	)	$	(62	)	$	(2,865	)	$	909
	Denominator:
	Basic weighted-average shares outstanding		49,055,706			49,341,009			49,051,196			49,308,901
	Effect of dilutive stock options and warrants		-			-			-			194,169
	Diluted weighted-average shares outstanding		49,055,706			49,341,009			49,051,196			49,503,070
	Net income/(loss) per share:
	Basic	$	(0.03	)	$	0		$	(0.06	)	$	0.02
	Diluted	$	(0.03	)	$	0		$	(0.06	)	$	0.02
	Equity based awards are not included in the per share computation because the option exercise price was greater than the average market price of the common shares are reflected in the following table.
		Three Months Ended August 31,						Six Months Ended August 31,
		2014			2013			2014			2013
	Warrants		-			6,000			-			6,000
	Stock options		911,663			911,663			911,663			361,663
	Total		911,663			917,663			911,663			367,663

Note_3_Assets_Related_to_2010_

Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site	6 Months Ended
	Aug. 31, 2014
Assets Related To Two Thousand Ten Expedition To Titanic Wreck Site [Text Block] [Abstract]	'
Assets Related To Two Thousand Ten Expedition To Titanic Wreck Site [Text Block]	'
	3	Assets Related to 2010 Expedition to Titanic Wreck Site
	During August and September 2010, our wholly owned subsidiary RMST, as Salvor-In-Possession of the RMS Titanic (the “Titanic”) and its wreck site, conducted an expedition to the Titanic wreck site.
	We have capitalized $4.5 million of costs related to the expedition, discussed in more detail below, which have been allocated to specific assets as reflected in the following table (in thousands).
		31-Aug-14			28-Feb-14
	3D film	$	1,817		$	1,817
	3D exhibitry		857			857
	2D documentary		631			631
	Gaming and other application		886			886
	Expedition web point of presence		317			317
	Total expedition costs capitalized		4,508			4,508
	Less: Accumulated amortization		(1,413	)		(1,101	)
	Accumulated depreciation		(732	)		(645	)
	Expedition costs capitalized, net	$	2,363		$	2,762
	All assets are being depreciated or amortized. The web point of presence and 3D exhibitry assets are included in Property and equipment on the Condensed Consolidated Balance Sheets. The 3D film, 2D documentary, gaming and other application assets are included in Film, gaming and other application assets on the Condensed Consolidated Balance Sheets.

Note_4_Notes_Payable_Royalty_P

Note 4 - Notes Payable, Royalty Payable, and Capital Lease Obligations	6 Months Ended
	Aug. 31, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	4	Notes Payable and Capital Lease Obligations
	On October 17, 2011, the Company entered into an Asset Purchase Agreement to purchase the assets of a Titanic-themed exhibition (Titanic: The Experience or “TTE”) in Orlando, Florida from Worldwide Licensing & Merchandising, Inc. and its shareholder, G. Michael Harris (together, “Worldwide”). Pursuant to the Agreement, the Company purchased the assets of the Orlando exhibition from Worldwide in an installment sale. The Company agreed to pay Worldwide directly a total of $800 thousand over a two-year period, and also agreed to assume rental and other arrearages owed by Worldwide, totaling $720 thousand, which the Company will pay over a four-year period. Based upon an interest rate of 7.6% the net present value of these payments was approximately $1,377 thousand as of the date of the transaction.
	As of August 31, 2014, the short-term portion of the note payable was $0 and the long-term portion was $183 thousand which is payable in the fourth quarter of fiscal 2016. The long-term portion payable relates to rental and other arrearages payable on behalf of Worldwide.
	On April 20, 2012, PEM and PEM Newco, LLC, both subsidiaries of the Company, entered into a purchase agreement with AEG Live LLC, AEG Exhibitions LLC, and Arts and Exhibitions International, LLC pursuant to which Newco purchased substantially all of the assets of AEI. The assets purchased include the rights and tangible assets relating to four touring exhibitions known as “King Tut II,” “Cleopatra,” “America I Am” and “Real Pirates.” Of these four exhibitions, the Company is currently touring only “Real Pirates”. The Company issued a non-recourse non-interest bearing note as part of this transaction. The book value of the note was recorded based upon the expected future cash flows of the exhibitions and discounted to its net present value at an imputed interest rate of 7.0%.
	In March 2014, the Company paid $300 thousand and purchased the tangible assets that were required to be returned to AEG Live, LLC at the end of the purchase agreement.
	On April 17, 2014, PEM and AEG terminated the Promissory Note. As part of the termination of the Promissory Note, PEM and AEG entered into a Revenue Payment Agreement providing for modified future payments to AEG with respect to bookings of acquired exhibitions.  Pursuant to the Revenue Payment Agreement, going forward PEM will make royalty payments to AEG equal to (a) 90% of net revenues from future bookings and (b) 20% of the net revenues from proposed exhibitions acquired from AEG that are ultimately developed and presented.   “Net Revenues” are determined after deduction by PEM of the direct expenses of operating the exhibitions.  Pursuant to the Revenue Payment Agreement, AEG will pay to PEM a management fee of 10% of gross revenues (after deducting any booking fees) for each calendar year thereafter; provided that the management fee shall not be less than the following minimum fees: $500,000 in calendar year 2014; and $125,000 in calendar years 2015 and 2016.
	We considered the accounting guidance in ASC 805, 405, and 470 when evaluating the accounting for the note cancellation and execution of the revenue payment agreement. We note that there was no substantive modification of the obligations under the Note that were made in connection with the cancellation of the Note and the execution of the revenue payment agreement. Accordingly, we do not believe the note was settled and therefore the royalty obligation will continue to be remeasured each period until it is ultimately settled.
	Beginning in the first fiscal quarter of 2015, revenues, expenses, assets, and liabilities related to these exhibitions are recorded on a gross reporting basis in the Company’s consolidated financial statements since we are now the primary obligor under these agreements, are fulfilling the customer agreements with assets that the Company has all rights and title to, rather than acting in a management capacity as it was prior to the amendment, have latitude to determine pricing and retain future profits from the arrangement with customers, and retain the credit risk with customers. The majority of the assets and liabilities added as a result of this change are restricted cash, accounts receivable, and deferred revenue.
	As of August 31, 2014, the short-term portion of the royalty payable was $164 thousand and the long-term portion was $814 thousand.
	Capital lease obligations
	The Company leases certain computer and security equipment under capital leases. As of August 31, 2014, the balance sheet reflects the short-term portion of capital lease obligations of $40 thousand and the long-term portion of $43 thousand.

Note_5_Legal_Proceedings_and_C

Note 5 - Legal Proceedings and Contingencies	6 Months Ended
	Aug. 31, 2014
Disclosure Text Block Supplement [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	5	Legal Proceedings and Contingencies
	Status of Salvor-in-Possession and Interim Salvage Award Proceedings
	The Company has been party to a salvage case titled RMS Titanic, Inc. v. The Wrecked and Abandoned Vessel, et al., in rem for nearly 20 years. The Company has served as sole salvor-in-possession of the Titanic wreck site since 1994. On August 12, 2010, the U. S. District Court for the Eastern District of Virginia (the “District Court”) issued an opinion granting a salvage award to RMST based upon the Company’s work in recovering and conserving over three thousand artifacts from the wreck of Titanic during its expeditions conducted in 1993, 1994, 1996, 1998, 2000, and 2004 (the “Post 1987 Artifacts”). The Company was awarded 100 percent of the fair market value of the artifacts, which the District Court set at approximately $110 million. The District Court reserved the right to determine whether to pay the Company a cash award from proceeds derived from a judicial sale, or in the alternative, to issue the Company an in-specie award of title to the artifacts with certain covenants and conditions which would govern their maintenance and future disposition.
	On August 15, 2011, the District Court granted an in-specie award of title to the artifacts to RMST for the Post 1987 Artifacts. Title to the Post 1987 Artifacts comes with certain covenants and conditions drafted and negotiated by the Company and the United States government. These covenants and conditions govern the maintenance and future disposition of the artifacts.  These covenants and conditions include the following:
	The approximately 2,000 “1987 Artifacts" and the approximately 3,500 "Post 1987 Artifacts" must be maintained as a single collection;
	The combined collections can only be sold together, in their entirety, and any buyer of the assets would be subject to the same conditions applicable to RMST and the purchase subject to court approval; and
	RMST must comply with provisions that guarantee the long-term protection of all of the artifacts. These provisions include the creation by RMST of a reserve fund (the “Reserve Fund”). The Reserve Fund is irrevocably pledged to and held for the exclusive purpose of providing a performance guarantee for the maintenance and preservation of the Titanic collection for the public interest. The Company will pay into the Reserve Fund a minimum of twenty five thousand dollars ($25 thousand) for each future fiscal quarter until the corpus of such Reserve Fund equals five million dollars ($5 million). Though not required under the covenants and conditions, the Company may make additional payments into the Reserve Fund as it deems appropriate, consistent with its prior representations to the Court and sound fiscal operations. The Company established the Reserve Fund and funded it with $25 thousand during November 2011 and continues to fund it with quarterly $25 thousand payments. The balance in the Reserve Fund as of August 31, 2014 is $308 thousand, including interest income.
	During these proceedings, on July 2, 2004, the District Court also rendered an opinion and order in which it held that it would not recognize a 1993 Proces-Verbal, pursuant to which the government of France granted RMST title to all artifacts recovered from the wreck site during the 1987 expedition (the “1987 Artifacts”). RMST appealed the July 2, 2004 District Court order to the Appellate Court. On January 31, 2006, the Appellate Court reversed the lower court’s decision to invalidate the 1993 Proces-Verbal, pursuant to which the government of France granted RMST title to all artifacts recovered from the wreck site during the 1987 expedition. As a result, the Appellate Court tacitly reconfirmed that RMST owns the approximately 2,000 artifacts recovered during the 1987 expedition. These artifacts were not part of the August 2011 award, but are now subject to certain of the covenants and conditions agreed to by the Company.
	Status of International Treaty Concerning the Titanic Wreck
	The U.S. Department of State (the “State Department”) and the National Oceanic and Atmospheric Administration of the U.S. Department of Commerce (“NOAA”) are working together to implement an international treaty (the “Treaty”) with the governments of the United Kingdom, France and Canada concerning the Titanic wreck site. If implemented in this country, this treaty could affect the way the District Court monitors our salvor-in-possession rights to the Titanic. These rights include the exclusive right to recover artifacts from the wreck site, claim possession of and perhaps title to artifacts recovered from the site, and display recovered artifacts. Years ago we raised objections to the State Department regarding the participation of the U.S. in efforts to reach an agreement governing salvage activities with respect to the Titanic. The proposed Treaty, as drafted, did not recognize our existing salvor-in-possession rights to the Titanic. The United Kingdom signed the Treaty in November 2003, and the U.S. signed the Treaty in June 2004. For the Treaty to take effect, the U.S. must enact implementing legislation. As no implementing legislation has been passed, the Treaty currently has no binding legal effect.
	In August 2011, the State Department and NOAA resubmitted draft legislation to Congress. Since that time, RMST has worked with the U.S. government to develop a number of textual modifications to this proposed implementing legislation to address the Company’s concerns. The proposed legislation has not passed and for now the legislation process has stalled.
	Other Litigation
	On February 26, 2013, the Company filed suit in the U.S. District Court for the Northern District of Georgia, Atlanta Division against Thomas Zaller and his companies, Imagine Exhibitions, Inc. and Imagine Exhibitions, PTE, LTD. Mr. Zaller is a former executive of the Company. The suit alleges that Mr. Zaller and his companies fraudulently obtained certain of the Company’s confidential and proprietary intellectual property related to the design of its Titanic exhibitions. The Company claims that Mr. Zaller and his companies unlawfully used such property in the development of their own competing Titanic exhibition which was presented this year at the Venetian Macau, and which is now being marketed around the world. In the suit, the Company makes claims against Mr. Zaller personally for conversion, breach of contract, and misappropriation of trade secrets under Georgia law. The Company makes claims against Mr. Zaller and his companies for unjust enrichment, fraud, fraudulent inducement, and trade dress violations under the Lanham Act. The Company has sued for unspecified damages. The case is still in discovery and the outcome of the case is not readily determinable at this time.
	On April 22, 2013, Kingsmen Exhibits PTE, LTD. filed suit against the Company in the High Court of the Republic of Singapore. This suit followed extensive correspondence between the Company and the Kingsmen companies regarding the allegations of wrongdoing by the Kingsmen companies, along with their partners Thomas Zaller and his companies. Kingsmen seeks a judgment declaring that they did not violate the Singapore Copyright Act and the Singapore Trademark Act and prohibiting the Company from continuing to make claims that Kingsmen infringed the Company’s copyrights and trademarks. Kingsmen also seeks unspecified damages from the Company related to actions taken by the Company to protect its confidential and proprietary intellectual property. On December 18, 2013, the Company filed a counterclaim against Kingsmen Exhibits PTE, LTD. in this lawsuit. In the counterclaim, the Company alleges that Kingsmen unlawfully competed against the Company in the development and operation of its competing Titanic exhibition. Specifically, the Company alleges that Kingsmen infringed on its copyrights by unlawfully obtaining and using the Company’s design files to build its exhibitions. The Company seeks to enjoin Kingsmen from continuing to infringe on its rights, and for unspecified damages related to the infringement. The case is still in its early stages and the outcome of the case is not readily determinable at this time.
	On February 14, 2014, SeaVentures, LTD. filed suit against the Company in the Circuit Court for the Ninth Judicial District in Orange County, Florida. The suit alleges that the Company breached a contract with SeaVentures under which we were required to present one or more Titanic exhibitions jointly presenting Titanic artifacts and artifacts recovered from the RMS Carpathia which are owned by SeaVentures, LTD. SeaVentures seeks $743 thousand plus interest and costs. The case is now in discovery and the outcome of the case is not readily determinable at this time.
	From time to time the Company is or may become involved in other legal proceedings that result from the operation of its exhibitions and business.
	Settled Litigation
	In April 2011, the Company filed suit in the U.S. District Court for the Northern District of Georgia against Serge Grimaux and his companies, including Serge Grimaux Presents, Inc. and 9104-5773 Quebec, Inc. The suit alleges that Grimeaux failed to pay over $800 thousand due and owing the Company under a series of license agreements pursuant to which Mr. Grimaux and his entities presented the Company’s Titanic and human anatomy exhibitions in venues throughout Canada.  The Company settled this litigation on November 10, 2011 for $375 thousand. As of August 31, 2014, a receivable of $28 thousand, net of allowance for doubtful accounts of $193 thousand, is included in the Company’s accounts receivable.
	On August 5, 2011, the Company filed suit in the U.S. District Court for the Southern District of New York against Gunther Von Hagens and his company, Plastination Company, Inc. The suit alleged that Von Hagens and Plastination breached a settlement agreement with the Company, tortiously interfered with the Company’s business, conspired against the Company and engaged in unfair competition practices. These claims related to information Von Hagens and Plastination provided to ABC News and other third-parties about the origin of the human anatomy specimens licensed by the Company and used in its human anatomy exhibitions. The Company sued for unspecified damages. On April 23, 2013, the parties entered into a confidential settlement agreement under which the lawsuit has been dismissed. The proceeds related to this settlement were received in the first quarter of fiscal 2014 and is reflected in the six months ended August 31, 2013 consolidated statement of operations.
	On April 29, 2013, the Company filed suit in the U.S. District Court for the Middle District of Florida, Jacksonville Division against Kingsmen Creatives, LTD, and Kingsmen Exhibits PTE, LTD. Kingsmen Creatives is a publicly traded Singapore based design company and is traded on the Singapore Exchange. Kingsmen Exhibits PTE, LTD. is a wholly-owned subsidiary of Kingsmen Creatives, LTD. and designs exhibition and museum properties. The Kingsmen companies partnered with Thomas Zaller and his companies in development of their competing Titanic exhibition. The Company alleges that the Kingsmen companies participated in an unlawful conspiracy with Thomas Zaller and his companies which caused injury to the Company. The Company also made claims against the Kingsmen companies for conversion, misappropriation of trade secrets under Florida law, unjust enrichment, and trade dress violations under the Lanham Act. The Company sued for unspecified damages. The court recently ruled that it lacked personal jurisdiction over Kingsmen Creatives, LTD and Kingsmen Exhibits PTE, LTD. and dismissed the case. On September 2, 2014, the United States Court of Appeals for the 11th Circuit affirmed the District Court’s dismissal of the case for lack of personal jurisdiction. The matter is now concluded.
	Revenue and Sales and Use Tax Examinations
	As of May 31, 2014, the Internal Revenue Service (“IRS”) completed its examination of the Company’s federal tax returns for the fiscal years ended February 28 (29), 2010, 2009, 2008 and 2007, with no significant adjustments required. The tax years February 28 (29), 2011-2014 remain open to IRS examination. In addition to the review by the IRS, the Company is, at times, under review by various state revenue authorities.
	As of May 8, 2014, the State of New York has completed its most recent examination of the Company’s sales and use tax returns for all periods through May 31, 2012. The State of New York has assessed additional sales and use tax of approximately $374 thousand, including interest of $93 thousand, of which $37 thousand is accrued in the Company’s financial statements as of August 31, 2014. The Company is appealing the remaining balance assessed by the State of New York as it relates to license payments for our Bodies exhibitions. The Company’s position is that it is not liable to pay these taxes.
	The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses and that the ultimate outcome of these actions will not have a material adverse effect on the Company’s financial condition.

Note_6_Purchase_and_Registrati

Note 6 - Purchase and Registration Rights Agreements	6 Months Ended
	Aug. 31, 2014
Purchase And Registration Rights Agreements [Text Block] [Abstract]	'
Purchase And Registration Rights Agreements [Text Block]	'
	6	Purchase and Registration Rights Agreements
	On October 31, 2011, the Company and Lincoln Park Capital Fund, LLC (“LPC”), entered into a Purchase Agreement (the “LPC Purchase Agreement”) and a Registration Rights Agreement (the “Registration Rights Agreement”), whereby the Company has the right to sell, at its sole discretion, to LPC up to $10 million of the Company’s common stock, over a 36-month period (any such shares sold being referred to as the “Purchase Shares”). Under the Registration Rights Agreement, the Company agreed to file a registration statement with the SEC covering the Purchase Shares and the Commitment Shares (as defined below).
	The registration statement filed pursuant to the Registration Rights Agreement has been declared effective by the SEC. The Company generally now has the right, but not the obligation, over a 36-month period, to direct LPC to periodically purchase the Purchase Shares in specific amounts under certain conditions at the Company’s sole discretion. The purchase price for the Purchase Shares will be the lower of (i) the lowest trading price on the date of sale or (ii) the arithmetic average of the three lowest closing sale prices for the common stock during the 12 consecutive business days ending on the business day immediately preceding the purchase date. However, we cannot sell shares under this agreement if our share price is below $1. In no event, however, will the Purchase Shares be sold to LPC below the floor price as defined in the LPC Purchase Agreement. This agreement expires in accordance with its terms on October 31, 2014.
	In consideration for entering into the purchase agreement between the Company and LPC dated May 20, 2011, the Company issued to LPC 149,165 shares of common stock as an initial commitment fee. Under the October 30, 2011 Purchase Agreement, the Company is also required to issue up to 149,165 shares of common stock as commitment shares on a pro rata basis as the Company directs LPC to purchase the Company’s shares under the Purchase Agreement. The LPC Purchase Agreement may be terminated by the Company at any time at the Company’s discretion without any cost to the Company. The proceeds that may be received by the Company under the LPC Purchase Agreement are expected to be used for general corporate purposes, including working capital.
	Under the LPC Purchase Agreement, the Company has agreed that, subject to certain exceptions, it will not, during the term of the LPC Purchase Agreement, effect or enter into an agreement to effect any issuance of common stock or securities convertible into, exercisable for or exchangeable for common stock in a “Variable Rate Transaction,” which means a transaction in which the Company:
	·	issues or sells any debt or equity securities that are convertible into, exchangeable or exercisable for, or include the right to receive additional shares of common stock either (A) at a conversion price, exercise price or exchange rate or other price that is based upon and/or varies with the trading prices of or quotations for the shares of common stock at any time after the initial issuance of such debt or equity securities, or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial issuance of such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to our business or the market for the common stock; or
	·	enters into any agreement, including, but not limited to, an equity line of credit, whereby it may sell securities at a future determined price.
	The Company has also agreed to indemnify LPC against certain losses resulting from its breach of any of its representations, warranties or covenants under the agreements with LPC.
	During the year ended February 29, 2012, the Company sold 275,000 shares for $634,675 and issued 158,632 commitment shares under this agreement. No shares have been issued or sold since that time.

Note_7_Segment_Information

Note 7 - Segment Information	6 Months Ended
	Aug. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	7	Segment Information
	The Company has two reportable segments - Exhibition Management and RMS Titanic. The Exhibition Management segment involves the management of all of the Company’s exhibition operations, including the operation and management of Premier’s Bodies, Real Pirates, Extreme Dinosaurs, The Discovery of King Tut, Pompeii and Titanic (through an inter-company agreement with RMST), as well as the operation and management of the AEI properties known as “King Tut II,” “Cleopatra,” “America I Am” and “Real Pirates.” The exhibition management division also includes our exhibition merchandising business, conducted under the Company’s wholly owned subsidiary, Premier Merchandising, LLC. The RMS Titanic segment manages the Company’s rights to the Titanic assets, including title to all of the recovered artifacts in the Company’s possession and all of the intellectual property (video, photos, maps, etc.) related to the recovery of the artifacts and research of the ship. In addition, the RMS Titanic segment manages the Company’s responsibilities as salvor-in-possession of the Titanic wreck site.
	Revenue derived from exhibitions presented outside of the U.S. was $1.1 million and $1.0 million for the three months ended August 31, 2014 and 2013, respectively and $1.8 million and $1.2 million for the six months ended August 31, 2014 and 2013, respectively. The Company’s foreign exhibitions are all touring. As such, the concentration of foreign income in any period is fluid and changes as exhibitions are moved, normally every four to six months.
	All reported revenues were derived from external customers, with the exception of $316 thousand and $627 thousand reported for the RMS Titanic segment for the three months and six months ended August 31, 2014, respectively and $493 thousand and $1.1 million for the three months and six months ended August 31, 2013, respectively. This revenue represents a royalty fee paid by the Exhibition Management segment for the use of Titanic assets in its exhibits, and is reflected as a corresponding cost of revenue in the Exhibition Management segment. Revenue earned and expenses charged between segments are eliminated in consolidation.
	Certain corporate expenses are allocated based on intercompany agreements between PRXI, PEM and RMST for shared services.
	The following tables reflect the condensed consolidated statements of operations for the three and six months ended August 31, 2014 and 2013 by segment (in thousands):
		Three Months August 31, 2014
		(In thousands)
		Exhibition Management			RMS Titanic			Elimination			Total
	Revenue	$	8,297		$	316		$	(316	)	$	8,297
	Cost of revenue (exclusive of depreciation and amortization)		5,586			-			(316	)		5,270
	Gross profit		2,711			316			-			3,027
	Operating expenses:
	General and administrative		3,398			337			-			3,735
	Depreciation and amortization		1,149			-			-			1,149
	Gain on disposal of assets		-			-			-			-
	Total Operating expenses		4,547			337			-			4,884
	Loss from operations		(1,836	)		(21	)		-			(1,857	)
	Other expense		(1	)		-			-			(1	)
	Loss before income tax		(1,837	)		(21	)		-			(1,858	)
	Income tax expense/(benefit)		-			-			-			-
	Net loss		(1,837	)		(21	)		-			(1,858	)
	Less: Net loss attributable to non-controlling interest		205			-			-			205
	Net loss attributable to the shareholders of Premier Exhibitions, Inc.	$	(1,632	)	$	(21	)	$	-		$	(1,653	)
		Three Months Ended August 31, 2013
		(In thousands)
		Exhibition Management			RMS Titanic			Elimination			Total
	Revenue	$	7,819		$	493		$	(493	)	$	7,819
	Cost of revenue (exclusive of depreciation and amortization)		4,308			-			(493	)		3,815
	Gross profit		3,511			493			-			4,004
	Operating expenses:
	General and administrative		2,965			301			-			3,266
	Depreciation and amortization		996			2			-			998
	Gain on disposal of property and equipment		(46	)		-			-			(46	)
	Total Operating expenses		3,915			303			-			4,218
	Income/(loss) from operations		(404	)		190			-			(214	)
	Other income		55			-			-			55
	Income/(loss) before income tax		(349	)		190			-			(159	)
	Income tax expense/(benefit)		(53	)		(16	)		-			(69	)
	Net income /(loss)		(296	)		206			-			(90	)
	Less: Net loss attributable to non-controlling interest		28			-			-			28
	Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	$	(268	)	$	206		$	-		$	(62	)
		Six Months Ended August 31, 2014
		(In thousands)
		Exhibition Management			RMS Titanic			Elimination			Total
	Revenue	$	15,788		$	627		$	(627	)	$	15,788
	Cost of revenue (exclusive of depreciation and amortization)		10,304			-			(627	)		9,677
	Gross profit		5,484			627			-			6,111
	Operating expenses:
	General and administrative		6,396			634			-			7,030
	Depreciation and amortization		2,300			-			-			2,300
	Gain on disposal of assets		(4	)		-			-			(4	)
	Total Operating expenses		8,692			634			-			9,326
	Loss from operations		(3,208	)		(7	)		-			(3,215	)
	Other expense		(6	)		-			-			(6	)
	Loss before income tax		(3,214	)		(7	)		-			(3,221	)
	Income tax expense/(benefit)		-			-			-			-
	Net loss		(3,214	)		(7	)		-			(3,221	)
	Less: Net loss attributable to non-controlling interest		356			-			-			356
	Net loss attributable to the shareholders of Premier Exhibitions, Inc.	$	(2,858	)	$	(7	)	$	-		$	(2,865	)
		Six Months Ended August 31, 2013
		(In thousands)
		Exhibition Management			RMS Titanic			Elimination			Total
Revenue	$	16,759		$	1,126		$	(1,126	)	$	16,759
Cost of revenue (exclusive of depreciation and amortization)		8,588			-			(1,126	)		7,462
Gross profit		8,171			1,126			-			9,297
Operating expenses:
General and administrative		6,030			606			-			6,636
Depreciation and amortization		1,930			53			-			1,983
Gain on disposal of property and equipment		(74	)		-			-			(74	)
Contract and legal settlements		(297	)		-			-			(297	)
Total Operating expenses		7,589			659			-			8,248
Income from operations		582			467			-			1,049
Other income		(90	)		-			-			(90	)
Income before income tax		492			467			-			959
Income tax expense/(benefit)		-			-			-			-
Net income		492			467			-			959
Less: Net income attributable to non-controlling interest		(50	)		-			-			(50	)
Net income attributable to the shareholders of Premier Exhibitions, Inc.	$	442		$	467		$	-		$	909
The assets in the Exhibition Management segment include exhibitry, leasehold improvements, venue license agreements, and other assets necessary for operation of the Company’s exhibitions and its merchandising division. The RMS Titanic segment contains all of the Titanic assets (other than the Orlando “Titanic: The Experience” exhibition and certain Titanic exhibition venue license agreements entered into by PEM), including title to all of the recovered artifacts in the Company’s possession and all related intellectual property (video, photos, maps, etc.). The Company’s assets by segment are reflected in the following table (in thousands):
	As of
	August 31,2014			28-Feb-14
Exhibition Management	$	23,431		$	23,374
RMS Titanic		5,908			6,282
Corporate and unallocated		368			600
Total assets	$	29,707		$	30,256
Expenditures for additions to long-lived assets by segment for the six months ended August 31, 2014 and 2013, respectively are reflected in the table below (in thousands):
	Six Months Ended August 31,
	2014			2013
Exhibition Management	$	393		$	2,612
RMS Titanic		-			-
Total capital expenditures	$	393		$	2,612

Note_8_Consignment_Agreement_a

Note 8 - Consignment Agreement and RMS Titanic Sale	6 Months Ended
	Aug. 31, 2014
Significant Agreements Disclosure [Text Block] [Abstract]	'
Significant Agreements Disclosure [Text Block]	'
	8	Consignment agreement and RMS Titanic Sale
	The Company was party to a Consignment Agreement with Guernsey's auction house to sell the Company's Titanic artifacts and related intellectual property.  If and when a transaction is closed, the Company would be required to pay Guernsey's a fee of up to 8% of the sale price if a purchase agreement is entered into within 60 days of the auction deadline, and up to 4% of the sale price if a purchase agreement was entered into thereafter.  The actual amount of the commission would have depended on the sale price, identity of the purchasing party and the date when the sale was closed.   The obligation to pay a fee to Guernsey’s for a Titanic artifact sale has ended pursuant to the terms of the agreement.  In addition, if a transaction to sell the Titanic artifact collection was closed, the Company may have been required to pay a Transaction Bonus to Christopher Davino, former President of RMS Titanic, Inc., dependent upon the sale price, identity of the purchasing party and the date when the sale is closed. The obligation to pay a transaction bonus to Mr. Davino has ended.  In addition, the Company expects to incur other legal, accounting and investment banking expenses if and when a sale of the Titanic artifacts is completed.Prepaid fees related to the auction and professional fees related to the sale to the Consortium totaled $666 thousand and were written-off in the third quarter of fiscal 2014.
	The Company’s Board has authorized management to pursue other strategic alternatives. The Board is working to evaluate all options available to maximize shareholder value. The Company has retained JP Morgan Securities as its advisor to assist the Board in evaluating other strategic alternatives. There is no guarantee that a transaction or series of transactions will result from this process.

Note_9_Commitment_and_Continge

Note 9 - Commitment and Contingencies	6 Months Ended
	Aug. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	9	Commitment and Contingencies
	On April 9, 2014, the Company entered into a 130-month lease agreement for exhibition and retail space with 417 Fifth Avenue Real Estate, LLC in New York City, New York. This lease includes approximately 51,000 square feet of space at 417 Fifth Avenue between 37th and 38th streets in the Grand Central district and is near Bryant Park, the Empire State Building and only a few blocks east of Times Square. The Company has signed an Exhibit Promoter Agreement to present Saturday Night Live: The Experience which will open in our New York City location. Specific information about the other exhibition that will be opening in the space will be released at a later date. In the first fiscal quarter of fiscal 2015, we purchased a $800 thousand certificate of deposit and pledged it as collateral for this lease. An additional $900 thousand in collateral is due in the first fiscal quarter of 2016. The lease commenced in July 2014 and we anticipate the Company will begin presenting exhibitions in the leased space during the fiscal first quarter of 2016. Total future minimum payments under this lease are approximately $45.8 million.

Note_10_Liquidity_and_Capital_

Note 10 - Liquidity and Capital Resources	6 Months Ended
	Aug. 31, 2014
Liquidity And Capital Resources [Text Block] [Abstract]	'
Liquidity And Capital Resources [Text Block]	'
	10	Liquidity and Capital Resources
	The Company’s operations have been financed primarily through cash flow from operations and existing cash. The Company has incurred net losses for the majority of the past several years. Moving forward, the Company faces the potential for significant cash outflows in the near term based on the New York City lease, leasehold improvements of the leased space and new content development.
	On September 30, 2014, Premier Exhibitions, Inc. entered into a short-term Secured Promissory Note and Guarantee with each of two affiliates of Pentwater Capital Management LP. Together the Notes provide for a loan to the Company in the aggregate amount of $8.0 million. The Notes provide for the payment by the Company of interest on a monthly basis at the rate of 12% per annum, and the Notes mature on March 31, 2015. The proceeds from these notes are expected to be used in the near-term to satisfy the Company’s obligations under the New York City lease and proposed new content agreements.
	In the event that the Company is unsuccessful in refinancing or generating capital to repay the short-term note, the Company may be unable to meet certain obligations in the future and the Company's liquidity may be impaired. In addition, based on our recurring losses, financial obligations and working capital levels, the Company may need to raise additional funds to finance its operations in the future. If the Company is unable to maintain sufficient financial resources, including by raising additional funds when needed, the Company’s business, financial condition and results of operations will be materially and adversely affected.
	The Company intends to obtain any additional funding it may require through public or private equity or debt financings, strategic transactions, or other arrangements and the Company cannot assure such funding will be available on reasonable terms, or at all. Equity financing would be dilutive to stockholders, and debt financing, if available, may involve restrictive covenants. Any exploration of strategic alternatives may not result in an agreement or transaction and, if completed, any agreement or transaction may not be successful or on attractive terms.
	If our efforts to raise additional funds when needed are unsuccessful, the Company may be required to delay, reduce or eliminate portions of our strategic plan or cease operating as a going concern. In addition, if the Company does not meet its payment obligations to third parties as they come due, the Company may be subject to litigation claims. Even if the Company were successful in defending against these potential claims, litigation could result in substantial costs and be a distraction to management, and may result in unfavorable results that could further adversely impact our financial condition.
	If the Company is unable to continue as a going concern, the Company may have to liquidate its assets and may receive less than the value at which those assets are carried on its financial statements, and it is likely that investors will lose all or a part of their investments. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note_11_Subsequent_Events

Note 11 - Subsequent Events	6 Months Ended
	Aug. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	11	Subsequent Events
	On September 30, 2014, Premier Exhibitions, Inc. (the “Company”) entered into a Secured Promissory Note and Guarantee with each of two affiliates of Pentwater Capital Management LP.  Together the Notes provide for a loan to the Company in the aggregate amount of $8.0 million.  The Notes provide for the payment by the Company of interest on a monthly basis at the rate of 12% per annum, and the Notes mature on March 31, 2015.  The Notes require the Company to pay a closing fee to the Pentwater affiliates in the aggregate amount of 3% of the loan amount and the fees and expenses incurred by the Pentwater affiliates in connection with the negotiation and execution of the Notes.
	The Notes include customary events of default, and also include events of default relating to the preservation of the Titanic assets and maintaining Samuel S. Weiser as an employee of the Company.  The Notes also require the Company to maintain minimum unrestricted liquidity of $2.0 million.  Upon the occurrence of an event of default, the Company must pay default interest at the base rate plus 3%, and the Pentwater affiliates may declare all amounts outstanding under the Notes to be immediately due and payable.
	The Company may prepay the Notes at any time, at 102% of the face amount during the first three months of the term and 100% of the face amount during the second three months of the term.  The Company must prepay the note at 102% of the face amount upon a change of control, which would occur upon a change in ownership of 35% of the outstanding shares of the Company or any transfer of any shares of RMS Titanic, Inc.
	The Notes are guaranteed by each of RMS Titanic, Inc., Premier Exhibition Management LLC, Arts and Exhibitions International LLC, and Premier Merchandising, LLC, all of which are subsidiaries of the Company.
	The Notes are secured by substantially all of the assets of the Company and the subsidiary guarantors, including the stock of each of the subsidiary guarantors.  The security interest does not apply to the Titanic assets held by RMS Titanic, Inc., but applies to all revenues, contracts and agreements lawfully arising out of the Titanic assets.
	The lenders’ exercise of rights and remedies with respect to the stock of RMS Titanic, Inc. and any revenues, contracts and agreements lawfully arising out of the Titanic assets are expressly governed by and subject to the terms and conditions of the applicable court orders governing the ownership of the Titanic assets by RMS Titanic, Inc., which include (i) the Opinion issued by the United States District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 12, 2010; (ii) the Order issued by the United State District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 15, 2011; (iii) the Revised Covenants and Conditions for the Future Disposition of Objects Recovered from the R.M.S. Titanic by RMS Titanic, Inc. pursuant to an in specie salvage award granted by the United States District Court for the Eastern District of Virginia, dated as of August 15, 2011; and (iv) the Process Verbal, issued on October 12, 1993 by the Maritime Affairs Administrator for the Ministry of Equipment Transportation and Tourism, French Republic to Titanic Ventures Limited Partnership.
	On October 13, 2014, Premier Exhibition Management, LLC (the “Company”), a subsidiary of Premier Exhibitions, Inc., entered into a Exhibit Promoter Agreement with Broadway Video Entertainment, Inc. (“BV”) to produce an exhibition based on the television show “Saturday Night Live.” The term of the Agreement is five (5) years from the opening date of the exhibition.
	The exhibition will feature the characters, stories, programs, cast and creators of Saturday Night Live and will be presented at the Company’s new venue in New York City. PEM is required to open the exhibit by June 1, 2015, subject to certain rights to cure any delay.
	Pursuant to the Exhibit Promoter Agreement, the Company will produce and present the exhibition and will operate a merchandise store for exhibition related products. The production costs will be funded by the Company. BV will be paid a license fee of ten percent (10%) of gross revenues after deduction of sales tax, credit card and check verification fees, refunds, and returns (“Adjusted Gross Revenue”) earned by PEM from any source related to the Exhibition (including ticket sales, merchandise, and audio tour) on the first $10 million of Adjusted Gross Revenue; twelve and one half percent (12.5%) of Adjusted Gross Revenue greater than $10 million and up to $20 million and fifteen percent (15%) on Adjusted Gross Revenue over $20 million during the Term (the “License Fee”). BV will be entitled to an advance of the License Fee in the amount of $1,000,000 total, with $250,000 to be paid by November 1, 2014, $250,000 by December 31, 2014, $250,000 by June 15, 2014, and $250,000 by December 31, 2015. This advance will be recouped by PEM from the License Fee payable to BV. Any sponsorship revenue related to the exhibit will be paid 50% to PEM and 50% to BV, after deduction for expenses of fulfillment.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	6 Months Ended
	Aug. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation [Policy Text Block]	'
	Basis of Presentation
	When we use the terms “Premier,” “Company,” “we,” “us” and “our,” we mean Premier Exhibitions, Inc., a Florida corporation and its subsidiaries. We have prepared the accompanying unaudited condensed consolidated financial statements and unaudited notes to condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States (“U.S. GAAP”) regarding interim financial reporting. Accordingly, they do not contain all of the information and notes required by U.S. GAAP for complete financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for our fiscal year ended February 28, 2014. In our opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of only normal recurring adjustments) considered necessary for a fair presentation of our financial condition as of August 31, 2014, our results of operations for the three and six months ended August 31, 2014 and 2013 and cash flows for the six months ended August 31, 2014 and 2013. The data in the consolidated balance sheet as of February 28, 2014 was derived from our audited consolidated balance sheet as of February 28, 2014, as presented in our Annual Report on Form 10-K for our fiscal year ended February 28, 2014. The unaudited condensed consolidated financial statements include the accounts of Premier and its subsidiaries after the elimination of all significant intercompany accounts and transactions. Our operating results for the three and six months ended August 31, 2014 are not necessarily indicative of the operating results that may be expected for the full fiscal year ending February 28, 2015 (“fiscal 2015”).
Significant Accounting Policies [Policy Text Block]	'
	Significant Accounting Policies
	For a description of significant accounting policies, see the Summary of Significant Accounting Policies footnote to the Financial Statements included in the Company’s 2014 Annual Report on Form 10-K.  There have been no material changes to the Company’s significant accounting policies since the filing of the Company’s 2014 Annual Report on Form 10-K.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  Actual results could differ from reported results using those estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	Recently Adopted
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists in Accounting Standards Update 2013-11 (ASU 2013-11)
	In July of 2013, the Financial Accounting Standards Board (FASB) issued ASU No. 2013-11, Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward Exists,” which requires tax benefits to be presented in the financial statement as a reduction to deferred tax asset for a net operating loss carryforward or a tax credit carryforward. The Company adopted the guidance effective March 1, 2014. The adoption of this guidance did not have a material effect on the Company’s financial position, results of operations, or our disclosures.
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity Update 2014-08 (ASU 2014-08)
	In April of 2014, FASB issued Accounting Standards Update No. 2014-08 that changes the criteria and requires expanded disclosures for reporting discontinued operations. The adoption of the pronouncement is not anticipated to have a material impact on our consolidated financial statements. This accounting update is effective for annual and interim periods beginning after December 15, 2014 and is to be applied prospectively. The Company adopted the guidance effective March 1, 2014. The adoption of this guidance did not have a material effect on the Company’s financial position, results of operations, or our disclosures.
	Recently Issued
	Revenue from Contracts with Customers Update 2014-09 (ASU 2014-09)
	In May of 2014, FASB issued Accounting Standards Update No. 2014-09 that affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance.
	The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The provisions of the guidance will be effective for the Company beginning in the first fiscal quarter of 2018. The Company is currently evaluating the impact of this accounting pronouncement on our consolidated financial statements.
	Preparation of Financial Statements - Going Concern Update 2014-15 (ASU 2014-15)
	In August 2014, FASB issued Accounting Standards Update No. 2014-15 Preparation of Financial Statements - Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements--Liquidation Basis of Accounting. Even when an entity's liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is currently evaluating the impact of this accounting pronouncement on our consolidated financial statements.

Note_2_IncomeLoss_Per_Share_Da1

Note 2 - Income/(Loss) Per Share Data (Tables)	6 Months Ended
	Aug. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended August 31,						Six Months Ended August 31,
		2014			2013			2014			2013
	Numerator:
	Net income/(loss) attributable to shareholders (in thousands)	$	(1,653	)	$	(62	)	$	(2,865	)	$	909
	Denominator:
	Basic weighted-average shares outstanding		49,055,706			49,341,009			49,051,196			49,308,901
	Effect of dilutive stock options and warrants		-			-			-			194,169
	Diluted weighted-average shares outstanding		49,055,706			49,341,009			49,051,196			49,503,070
	Net income/(loss) per share:
	Basic	$	(0.03	)	$	0		$	(0.06	)	$	0.02
	Diluted	$	(0.03	)	$	0		$	(0.06	)	$	0.02
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
		Three Months Ended August 31,						Six Months Ended August 31,
		2014			2013			2014			2013
	Warrants		-			6,000			-			6,000
	Stock options		911,663			911,663			911,663			361,663
	Total		911,663			917,663			911,663			367,663

Note_3_Assets_Related_to_2010_1

Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Tables)	6 Months Ended
	Aug. 31, 2014
Assets Related To Two Thousand Ten Expedition To Titanic Wreck Site [Text Block] [Abstract]	'
Summary of Expedition Cost Related to Specific Asset [Table Text Block]	'
		31-Aug-14			28-Feb-14
	3D film	$	1,817		$	1,817
	3D exhibitry		857			857
	2D documentary		631			631
	Gaming and other application		886			886
	Expedition web point of presence		317			317
	Total expedition costs capitalized		4,508			4,508
	Less: Accumulated amortization		(1,413	)		(1,101	)
	Accumulated depreciation		(732	)		(645	)
	Expedition costs capitalized, net	$	2,363		$	2,762

Note_7_Segment_Information_Tab

Note 7 - Segment Information (Tables)	6 Months Ended
	Aug. 31, 2014					Aug. 31, 2013
Segment Reporting [Abstract]	'					'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'					'
							Three Months August 31, 2014
							(In thousands)
							Exhibition Management			RMS Titanic			Elimination			Total
						Revenue	$	8,297		$	316		$	(316	)	$	8,297
						Cost of revenue (exclusive of depreciation and amortization)		5,586			-			(316	)		5,270
						Gross profit		2,711			316			-			3,027
						Operating expenses:
						General and administrative		3,398			337			-			3,735
						Depreciation and amortization		1,149			-			-			1,149
						Gain on disposal of assets		-			-			-			-
						Total Operating expenses		4,547			337			-			4,884
						Loss from operations		(1,836	)		(21	)		-			(1,857	)
						Other expense		(1	)		-			-			(1	)
						Loss before income tax		(1,837	)		(21	)		-			(1,858	)
						Income tax expense/(benefit)		-			-			-			-
						Net loss		(1,837	)		(21	)		-			(1,858	)
						Less: Net loss attributable to non-controlling interest		205			-			-			205
						Net loss attributable to the shareholders of Premier Exhibitions, Inc.	$	(1,632	)	$	(21	)	$	-		$	(1,653	)
							Three Months Ended August 31, 2013
							(In thousands)
							Exhibition Management			RMS Titanic			Elimination			Total
						Revenue	$	7,819		$	493		$	(493	)	$	7,819
						Cost of revenue (exclusive of depreciation and amortization)		4,308			-			(493	)		3,815
						Gross profit		3,511			493			-			4,004
						Operating expenses:
						General and administrative		2,965			301			-			3,266
						Depreciation and amortization		996			2			-			998
						Gain on disposal of property and equipment		(46	)		-			-			(46	)
						Total Operating expenses		3,915			303			-			4,218
						Income/(loss) from operations		(404	)		190			-			(214	)
						Other income		55			-			-			55
						Income/(loss) before income tax		(349	)		190			-			(159	)
						Income tax expense/(benefit)		(53	)		(16	)		-			(69	)
						Net income /(loss)		(296	)		206			-			(90	)
						Less: Net loss attributable to non-controlling interest		28			-			-			28
						Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	$	(268	)	$	206		$	-		$	(62	)
							Six Months Ended August 31, 2014
							(In thousands)
							Exhibition Management			RMS Titanic			Elimination			Total
						Revenue	$	15,788		$	627		$	(627	)	$	15,788
						Cost of revenue (exclusive of depreciation and amortization)		10,304			-			(627	)		9,677
						Gross profit		5,484			627			-			6,111
						Operating expenses:
						General and administrative		6,396			634			-			7,030
						Depreciation and amortization		2,300			-			-			2,300
						Gain on disposal of assets		(4	)		-			-			(4	)
						Total Operating expenses		8,692			634			-			9,326
						Loss from operations		(3,208	)		(7	)		-			(3,215	)
						Other expense		(6	)		-			-			(6	)
						Loss before income tax		(3,214	)		(7	)		-			(3,221	)
						Income tax expense/(benefit)		-			-			-			-
						Net loss		(3,214	)		(7	)		-			(3,221	)
						Less: Net loss attributable to non-controlling interest		356			-			-			356
						Net loss attributable to the shareholders of Premier Exhibitions, Inc.	$	(2,858	)	$	(7	)	$	-		$	(2,865	)
							Six Months Ended August 31, 2013
							(In thousands)
							Exhibition Management			RMS Titanic			Elimination			Total
						Revenue	$	16,759		$	1,126		$	(1,126	)	$	16,759
						Cost of revenue (exclusive of depreciation and amortization)		8,588			-			(1,126	)		7,462
						Gross profit		8,171			1,126			-			9,297
						Operating expenses:
						General and administrative		6,030			606			-			6,636
						Depreciation and amortization		1,930			53			-			1,983
Gain on disposal of property and equipment		(74	)		-			-			(74	)
Contract and legal settlements		(297	)		-			-			(297	)
Total Operating expenses		7,589			659			-			8,248
Income from operations		582			467			-			1,049
Other income		(90	)		-			-			(90	)
Income before income tax		492			467			-			959
Income tax expense/(benefit)		-			-			-			-
Net income		492			467			-			959
Less: Net income attributable to non-controlling interest		(50	)		-			-			(50	)
Net income attributable to the shareholders of Premier Exhibitions, Inc.	$	442		$	467		$	-		$	909
Summary of Assets by Segments [Table Text Block]	'					'
		As of
		August 31,2014		28-Feb-14
	Exhibition Management	$	23,431	$	23,374
	RMS Titanic		5,908		6,282
	Corporate and unallocated		368		600
	Total assets	$	29,707	$	30,256
Expenditures for Additions to Long Lived Assets by Segment [Table Text Block]	'					'
		Six Months Ended August 31,
		2014		2013
	Exhibition Management	$	393	$	2,612
	RMS Titanic		-		-
	Total capital expenditures	$	393	$	2,612

Note_1_Background_and_Basis_of1

Note 1 - Background and Basis of Presentation (Details) (USD $)	6 Months Ended		0 Months Ended	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013	Jul. 12, 2012	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
	Exhibition Management and RMS Titanic [Member]	Arts and Exhibitions International LLC [Member]	Exhibit Merchandising, LLC [Member]	Sales Revenue, Net [Member]	Sales Revenue, Net [Member]	Sales Revenue, Net [Member]	Sales Revenue, Net [Member]
				Geographic Concentration Risk [Member]	Geographic Concentration Risk [Member]	Geographic Concentration Risk [Member]	Geographic Concentration Risk [Member]
				Outside of United States [Member]	Outside of United States [Member]	Outside of United States [Member]	Outside of United States [Member]
Note 1 - Background and Basis of Presentation (Details) [Line Items]	'	'	'	'	'	'	'
Concentration Risk, Percentage	'	'	'	13.00%	13.00%	12.00%	7.00%
Number of Exhibitions	'	4	'	'	'	'	'
Business Combination, Consideration Transferred (in Dollars)	'	'	$125	'	'	'	'
Number of Operating Segments	2	'	'	'	'	'	'

Note_2_IncomeLoss_Per_Share_Da2

Note 2 - Income/(Loss) Per Share Data (Details) - Computation of Basic and Diluted Net Income/(Loss) Per Share (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
Numerator:	'	'	'	'
Net income/(loss) attributable to shareholders (in thousands) (in Dollars)	($1,653)	($62)	($2,865)	$909
Denominator:	'	'	'	'
Basic weighted-average shares outstanding	49,055,706	49,341,009	49,051,196	49,308,901
Effect of dilutive stock options and warrants	'	'	'	194,169
Diluted weighted-average shares outstanding	49,055,706	49,341,009	49,051,196	49,503,070
Net income/(loss) per share:	'	'	'	'
Basic (in Dollars per share)	($0.03)	$0	($0.06)	$0.02
Diluted (in Dollars per share)	($0.03)	$0	($0.06)	$0.02

Note_2_IncomeLoss_Per_Share_Da3

Note 2 - Income/(Loss) Per Share Data (Details) - Anti-Dilutive Securities	3 Months Ended		6 Months Ended
	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities	911,663	917,663	911,663	367,663
Warrant [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities	'	6,000	'	6,000
Equity Option [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities	911,663	911,663	911,663	361,663

Note_3_Assets_Related_to_2010_2

Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) (USD $)	Aug. 31, 2014	Feb. 28, 2014
In Thousands, unless otherwise specified
Assets Related To Two Thousand Ten Expedition To Titanic Wreck Site [Text Block] [Abstract]	'	'
Capitalized Expedition Costs	$4,508	$4,508

Note_3_Assets_Related_to_2010_3

Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site (USD $)	Aug. 31, 2014	Feb. 28, 2014
In Thousands, unless otherwise specified
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	$4,508	$4,508
Less: Accumulated amortization	-1,413	-1,101
Accumulated depreciation	-732	-645
Expedition costs capitalized, net	2,363	2,762
Three D Film [Member]	'	'
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	1,817	1,817
Three D Exhibitry [Member]	'	'
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	857	857
Two D Documentary [Member]	'	'
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	631	631
Gaming Application [Member]	'	'
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	886	886
Expedition Web Point of Presence [Member]	'	'
Note 3 - Assets Related to 2010 Expedition to Titanic Wreck Site (Details) - Assets Related to Two Thousand Ten Expedition to Titanic Wreck Site [Line Items]	'	'
Exhibition Costs	$317	$317

Note_4_Notes_Payable_Royalty_P1

Note 4 - Notes Payable, Royalty Payable, and Capital Lease Obligations (Details) (USD $)

1 Months Ended

6 Months Ended

6 Months Ended

1 Months Ended

1 Months Ended

Oct. 17, 2011

Aug. 31, 2014

Aug. 31, 2013

Feb. 28, 2014

Aug. 31, 2014

Aug. 31, 2014

Oct. 17, 2011

Aug. 31, 2014

Oct. 17, 2011

Mar. 31, 2014

Aug. 31, 2014

Apr. 20, 2012

Calendar Year 2014 [Member]

Calendar Year 2016 [Member]

Worldwide Licensing and Merchandising Inc [Member]

Worldwide Licensing and Merchandising Inc [Member]

Worldwide Licensing and Merchandising Inc [Member]

Arts and Exhibitions International LLC [Member]

Arts and Exhibitions International LLC [Member]

Arts and Exhibitions International LLC [Member]

Arts and Exhibitions International LLC [Member]

Arts and Exhibitions International LLC [Member]

Note 4 - Notes Payable, Royalty Payable, and Capital Lease Obligations (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Date of Acquisition Agreement

'

'

'

'

'

'

17-Oct-11

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets

'

'

'

'

'

'

$800,000

'

'

'

'

'

Asset Acquisition Repayment Period

'2 years

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

720,000

'

'

'

'

'

'

'

'

'

'

'

Liability Assumed Repayment Period

'4 years

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Effective Percentage

'

'

'

'

'

'

'

'

7.60%

'

'

7.00%

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

1,377,000

'

'

'

'

'

'

'

'

'

'

'

Notes Payable, Current

'

'

'

170,000

'

'

'

0

'

'

'

'

Notes Payable, Noncurrent

'

183,000

'

1,126,000

'

'

'

183,000

'

'

'

'

Payments to Acquire Property, Plant, and Equipment

'

393,000

2,612,000

'

'

'

'

'

'

300,000

'

'

Royalty Payments, Percentage of Net Revenues from Future Bookings

'

'

'

'

'

'

'

'

'

'

90.00%

'

Royalty Payments, Percentage of Net Revenues from Proposed Exhibitions

'

'

'

'

'

'

'

'

'

'

20.00%

'

Management Fee, Percentage of Gross Revenues

'

'

'

'

'

'

'

'

'

'

10.00%

'

Minimum Management Fee

'

'

'

'

500,000

125,000

'

'

'

'

'

'

Accrued Royalties, Current

'

164,000

'

'

'

'

'

'

'

'

164,000

'

Accrued Royalties, Noncurrent

'

814,000

'

'

'

'

'

'

'

'

814,000

'

Capital Lease Obligations, Current

'

40,000

'

39,000

'

'

'

'

'

'

'

'

Capital Lease Obligations, Noncurrent

'

$43,000

'

$61,000

'

'

'

'

'

'

'

'

Note_5_Legal_Proceedings_and_C1

Note 5 - Legal Proceedings and Contingencies (Details) (USD $)

0 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

6 Months Ended

Feb. 14, 2014

Nov. 30, 2011

Aug. 31, 2014

Feb. 28, 2014

Aug. 15, 2011

Nov. 10, 2011

Aug. 12, 2010

Apr. 30, 2011

Aug. 31, 2014

Aug. 12, 2010

Aug. 15, 2011

Aug. 31, 2014

Artifacts [Member]

Artifacts [Member]

Artifacts [Member]

Artifacts [Member]

One Nine Eight Seven Artifacts [Member]

Post One Nine Eight Seven Artifacts [Member]

State of New York [Member]

Note 5 - Legal Proceedings and Contingencies (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Recovery of Artifacts

'

'

'

'

'

'

3,000

'

'

'

'

'

Fair Market Value Of Artifacts, Percentage Awarded

'

'

'

'

'

'

100.00%

'

'

'

'

'

Fair Market Value of Artifacts

'

'

'

'

'

'

$110,000,000

'

'

'

'

'

Number of Artifacts

'

'

'

'

'

'

'

'

'

2,000

3,500

'

Minimum Quarterly Reserve Fund Payments Required

'

'

'

'

25,000

'

'

'

'

'

'

'

Reserve Fund Required

'

'

'

'

5,000,000

'

'

'

'

'

'

'

Reserve Fund Balance

'

25,000

308,000

'

'

'

'

'

'

'

'

'

Payment of Trust Account

'

25,000

'

'

'

'

'

'

'

'

'

'

Loss Contingency, Damages Sought, Value

743,000

'

'

'

'

'

'

'

'

'

'

'

Non Payment of License Fee

'

'

'

'

'

'

'

800,000

'

'

'

'

Litigation Settlement, Expense

'

'

'

'

'

375,000

'

'

'

'

'

'

Net Receivable from Litigation

'

'

'

'

'

'

'

'

28,000

'

'

'

Allowance for Doubtful Accounts Receivable, Current

'

'

352,000

392,000

'

'

'

'

193,000

'

'

'

Sales and Use Tax Examination, Estimate of Possible Loss

'

'

'

'

'

'

'

'

'

'

'

374,000

Sales and Use Tax Examination, Estimate of Possible Loss, Interest

'

'

'

'

'

'

'

'

'

'

'

93,000

Sales and Excise Tax Payable

'

'

'

'

'

'

'

'

'

'

'

$37,000

Note_6_Purchase_and_Registrati1

Note 6 - Purchase and Registration Rights Agreements (Details) (USD $)	Aug. 31, 2014	Feb. 28, 2014	Oct. 31, 2011	Nov. 30, 2012	Aug. 31, 2014	Feb. 29, 2012	20-May-11	Oct. 30, 2010
			Park Capital Fund LLC [Member]	Park Capital Fund LLC [Member]	Park Capital Fund LLC [Member]	Park Capital Fund LLC [Member]	Park Capital Fund LLC [Member]	Park Capital Fund LLC [Member]
Note 6 - Purchase and Registration Rights Agreements (Details) [Line Items]	'	'	'	'	'	'	'	'
Purchase of Common Stock	'	'	10,000,000	'	'	'	'	'
Purchase of Common Stock Time Period	'	'	'36 months	'	'	'	'	'
Purchase Price Reference Sales Price Period	'	'	'	3	'	'	'	'
Purchase Price Reference Period	'	'	'	'12 days	'	'	'	'
Share Price (in Dollars per share)	'	'	$1	'	'	'	'	'
Common Stock, Shares, Issued	49,097,011	49,044,378	'	'	'	'	149,165	149,165
Stock Sold under Purchase Agreement Shares	'	'	'	'	'	275,000	'	'
Stock Sold under Purchase Agreement Value (in Dollars)	'	'	'	'	$0	$634,675	'	'
Shares, Issued	'	'	'	'	0	158,632	'	'

Note_7_Segment_Information_Det

Note 7 - Segment Information (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
Note 7 - Segment Information (Details) [Line Items]	'	'	'	'
Number of Reportable Segments	'	'	2	'
Revenue, Net	$8,297	$7,819	$15,788	$16,759
Foreign Exhibitions [Member]	'	'	'	'
Note 7 - Segment Information (Details) [Line Items]	'	'	'	'
Revenue, Net	1,100	1,000	1,800	1,200
RMS Titanic [Member]	'	'	'	'
Note 7 - Segment Information (Details) [Line Items]	'	'	'	'
Revenue, Net	$316	$493	$627	$1,126

Note_7_Segment_Information_Det1

Note 7 - Segment Information (Details) - Statements of Operations by Segment (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013	Aug. 31, 2014	Aug. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	$8,297	$7,819	$15,788	$16,759
Cost of revenue (exclusive of depreciation and amortization)	5,270	3,815	9,677	7,462
Gross profit	3,027	4,004	6,111	9,297
Operating expenses:	'	'	'	'
General and administrative	3,735	3,266	7,030	6,636
Depreciation and amortization	1,149	998	2,300	1,983
Contract and legal settlements	'	'	'	-297
Gain on disposal of property and equipment	'	-46	-4	-74
Gain on disposal of assets	'	'	-4	'
Total Operating expenses	4,884	4,218	9,326	8,248
Income/(loss) from operations	-1,857	-214	-3,215	1,049
Other income	'	55	'	-90
Other expense	-1	'	-6	'
Income/(loss) before income tax	-1,858	-159	-3,221	959
Income tax expense/(benefit)	'	-69	'	'
Net income /(loss)	-1,858	-90	-3,221	959
Less: Net income / loss attributable to non-controlling interest	205	28	356	-50
Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	-1,653	-62	-2,865	909
Intersegment Eliminations [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	-316	-493	-627	-1,126
Cost of revenue (exclusive of depreciation and amortization)	-316	-493	-627	-1,126
Exhibition Management [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	8,297	7,819	15,788	16,759
Cost of revenue (exclusive of depreciation and amortization)	5,586	4,308	10,304	8,588
Gross profit	2,711	3,511	5,484	8,171
Operating expenses:	'	'	'	'
General and administrative	3,398	2,965	6,396	6,030
Depreciation and amortization	1,149	996	2,300	1,930
Contract and legal settlements	'	'	'	-297
Gain on disposal of property and equipment	'	-46	'	-74
Gain on disposal of assets	'	'	-4	'
Total Operating expenses	4,547	3,915	8,692	7,589
Income/(loss) from operations	-1,836	-404	-3,208	582
Other income	'	55	'	-90
Other expense	-1	'	-6	'
Income/(loss) before income tax	-1,837	-349	-3,214	492
Income tax expense/(benefit)	'	-53	'	'
Net income /(loss)	-1,837	-296	-3,214	492
Less: Net income / loss attributable to non-controlling interest	205	28	356	-50
Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	-1,632	-268	-2,858	442
RMS Titanic [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Revenue	316	493	627	1,126
Gross profit	316	493	627	1,126
Operating expenses:	'	'	'	'
General and administrative	337	301	634	606
Depreciation and amortization	'	2	'	53
Total Operating expenses	337	303	634	659
Income/(loss) from operations	-21	190	-7	467
Income/(loss) before income tax	-21	190	-7	467
Income tax expense/(benefit)	'	-16	'	'
Net income /(loss)	-21	206	-7	467
Net income/(loss) attributable to the shareholders of Premier Exhibitions, Inc.	($21)	$206	($7)	$467

Note_7_Segment_Information_Det2

Note 7 - Segment Information (Details) - Summary of Assets by Segment (USD $)	Aug. 31, 2014	Feb. 28, 2014
In Thousands, unless otherwise specified
Note 7 - Segment Information (Details) - Summary of Assets by Segment [Line Items]	'	'
Assets	$29,707	$30,256
Exhibition Management [Member]	'	'
Note 7 - Segment Information (Details) - Summary of Assets by Segment [Line Items]	'	'
Assets	23,431	23,374
RMS Titanic [Member]	'	'
Note 7 - Segment Information (Details) - Summary of Assets by Segment [Line Items]	'	'
Assets	5,908	6,282
Corporate and Unallocated [Member]	'	'
Note 7 - Segment Information (Details) - Summary of Assets by Segment [Line Items]	'	'
Assets	$368	$600

Note_7_Segment_Information_Det3

Note 7 - Segment Information (Details) - Expenditures for Additions to Long-Lived Assets by Segment (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2013
Note 7 - Segment Information (Details) - Expenditures for Additions to Long-Lived Assets by Segment [Line Items]	'	'
Expenditures by segment	$393	$2,612
Exhibition Management [Member]	'	'
Note 7 - Segment Information (Details) - Expenditures for Additions to Long-Lived Assets by Segment [Line Items]	'	'
Expenditures by segment	$393	$2,612

Note_8_Consignment_Agreement_a1

Note 8 - Consignment Agreement and RMS Titanic Sale (Details) (USD $)	6 Months Ended		3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Aug. 31, 2014	Aug. 31, 2014	Nov. 30, 2013	Aug. 31, 2014
	Purchase Agreement Is Entered Into Within 60 Days Member]	If Purchase Agreement Is Entered Into After 60 Days [Member]	Guernsey Auction House [Member]	Guernsey Auction House [Member]
	Guernsey Auction House [Member]	Guernsey Auction House [Member]	Write Off Of Assets [Member]
Note 8 - Consignment Agreement and RMS Titanic Sale (Details) [Line Items]	'	'	'	'
Sales Commission Fee As A Percentage Of Sale Price	8.00%	4.00%	'	'
undefined	'	'	'	'60 days
Write Off Of Prepaid Fees And Professional Fees (in Dollars)	'	'	$666	'

Note_9_Commitment_and_Continge1

Note 9 - Commitment and Contingencies (Details) (USD $)	0 Months Ended	3 Months Ended			3 Months Ended
	Apr. 09, 2014	30-May-14	Aug. 31, 2014	Apr. 09, 2014	31-May-15
				sqft	Scenario, Forecast [Member]
Note 9 - Commitment and Contingencies (Details) [Line Items]	'	'	'	'	'
Lessee Leasing Arrangements, Operating Leases, Term of Contract	'130 months	'	'	'	'
Area of Real Estate Property (in Square Feet)	'	'	'	51,000	'
Payments for Deposits	'	$800,000	'	'	$900,000
Operating Leases, Future Minimum Payments Due	'	'	$45,800,000	'	'

Note_10_Liquidity_and_Capital_1

Note 10 - Liquidity and Capital Resources (Details) (Secured Promissory Notes [Member], Subsequent Event [Member], USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Secured Promissory Notes [Member] | Subsequent Event [Member]	'
Note 10 - Liquidity and Capital Resources (Details) [Line Items]	'
Short-term Debt	$8
Debt Instrument, Interest Rate, Stated Percentage	12.00%

Note_11_Subsequent_Events_Deta

Note 11 - Subsequent Events (Details) (USD $)	0 Months Ended		1 Months Ended						0 Months Ended	1 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Oct. 31, 2014	Sep. 30, 2014	Oct. 31, 2014
	Secured Promissory Notes [Member]	Secured Promissory Notes [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Broadway Video Entertainment, Inc. [Member]
	Subsequent Event [Member]	Subsequent Event [Member]	Revenue Range 1 [Member]	Revenue Range 2 [Member]	Revenue Range 3 [Member]	Premier Exhibition Management LLC [Member]	Penwater Capital Management LP [Member]	Broadway Video Entertainment, Inc. [Member]	Penwater Capital Management LP [Member]
			Broadway Video Entertainment, Inc. [Member]	Broadway Video Entertainment, Inc. [Member]	Broadway Video Entertainment, Inc. [Member]
Note 11 - Subsequent Events (Details) [Line Items]	'	'	'	'	'	'	'	'	'	'
Short-term Debt (in Dollars)	'	$8,000,000	'	'	'	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	12.00%	'	'	'	'	'	'	'	'
Debt Closing Fee Percentage	3.00%	'	'	'	'	'	'	'	'	'
Minimum Unrestricted Liquidity (in Dollars)	2,000,000	'	'	'	'	'	'	'	'	'
Additional Default Interest, Percentage	3.00%	'	'	'	'	'	'	'	'	'
Note Prepayment Percentage First Three Months of Term	102.00%	'	'	'	'	'	'	'	'	'
Note Prepayment Percentage Second Three Months of Term	100.00%	'	'	'	'	'	'	'	'	'
Note Prepayment Percentage Upon Change of Control	'	'	'	'	'	'	'	'	102.00%	'
Note Prepayment Change in Ownership Percentage of Outstanding Shares	'	'	'	'	'	'	35.00%	'	'	'
Exhibit Promoter Agreement Term	'	'	'	'	'	'	'	'5 years	'	'
License Fee Percentage	'	'	10.00%	12.50%	15.00%	'	'	'	'	'
Maximum Adjusted Gross Revenues (in Dollars)	'	'	10,000,000	20,000,000	'	'	'	'	'	'
Minimum Adjusted Gross Revenues (in Dollars)	'	'	'	10,000,000	20,000,000	'	'	'	'	'
License Fee Advance Amount, Total (in Dollars)	'	'	'	'	'	'	'	1,000,000	'	'
License Fee Advance to be Paid by November 1, 2014 (in Dollars)	'	'	'	'	'	'	'	250,000	'	'
License Fee Advance to be Paid December 31, 2014 (in Dollars)	'	'	'	'	'	'	'	250,000	'	'
License Fee Advance to be Paid by June 15, 2014 (in Dollars)	'	'	'	'	'	'	'	250,000	'	'
License Fee Advance to be Paid by December 31, 2015 (in Dollars)	'	'	'	'	'	'	'	$250,000	'	'
Sponsorship Revenue Percentage Split	'	'	'	'	'	50.00%	'	'	'	50.00%