ACCRUED EXPENSES

12 Months Ended

Feb. 28, 2014

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

NOTE 8 - ACCRUED EXPENSES

Accrued expenses at February 28, 2014 and February 28, 2013 consisted of the following:

	2014		2013
Accrued payroll and related expenses	$	2,729,944	$	1,564,496
Accrued rent		198,111		-
Accrued interest		456,801		30,867
Other		1,079		6,377
Total	$	3,385,937	$	1,601,740

Accrued payroll and related expenses consists primarily of salaries accrued but not paid to certain employees due to our lack of financial resources. At February 28, 2014 and February 28, 2013, these amounts total $927,984 and $524,989, respectively. Also included in this amount is accrued vacation expense of $418,131 and $411,667 at February 28, 2014 and February 28, 2013 respectively.