ACCRUED EXPENSES

6 Months Ended

Aug. 31, 2013

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

NOTE 7 - ACCRUED EXPENSES

Accrued expenses consisted of the following:

	August 31, 2013		February 28, 2013
Accrued payroll and related expenses	$	2,046,623	$	1,564,496
Accrued interest		117,210		30,867
Other		5,790		6,377
Total	$	2,169,623	$	1,601,740

Accrued payroll and related expenses consisted primarily of salaries accrued but not paid to certain employees. As of August 31, 2013 and February 28, 2013, these amounts total $1,352,640 and $927,984, respectively. Also included in this amount is accrued vacation expense of $464,999 and $411,667 at August 31, 2013 and February 28, 2013, respectively.