ACCRUED EXPENSES

3 Months Ended

May 31, 2013

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

NOTE 7 - ACCRUED EXPENSES

Accrued expenses consisted of the following:

	May 31, 2013		February 28, 2013
Accrued payroll and related expenses	$	1,899,295	$	1,564,496
Accrued interest		42,501		30,867
Other		7,621		6,377
Total	$	1,949,417	$	1,601,740

Accrued payroll and related expenses consisted primarily of salaries accrued but not paid to certain employees. As of May 31, 2013 and February 28, 2013, these amounts total $1,205,215 and $1,927,984, respectively. Also included in this amount is accrued vacation expense of $449,509 and $411,667 at May 31, 2013 and February 28, 2013, respectively.