ACCRUED EXPENSES

6 Months Ended

Aug. 31, 2012

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

NOTE 7 - ACCRUED EXPENSES

Accrued expenses consisted of the following:

	August 31, 2012		February 29, 2012
Accrued payroll and related expenses	$	1,244,140	$	993,652
Accrued interest		7,257		82
Other		12,524		26,225
Total	$	1,263,921	$	1,019,959

Accrued payroll and related expenses consisted primarily of salaries accrued but not paid to certain employees. As of August 31, 2012 and February 29, 2012, these amounts total $758,560 and $524,989, respectively. Also included in this amount is accrued vacation expense of $381,835 and $306,582 at August 31, 2012 and February 29, 2012, respectively.