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Accrued Expenses
6 Months Ended
Aug. 31, 2020
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 4 – ACCRUED EXPENSES

 

Accrued expenses consisted of the following as of the period referenced below:

 

   August 31,   February 29, 
   2020   2020 
Accrued payroll and related expenses  $600,508   $1,868,928 
Other accrued expenses   77,442    77,362 
   $682,950   $1,946,290 

 

Accrued payroll and related expenses consist primarily of salaries and vacation time accrued but not paid to employees due to our lack of financial resources. In the second quarter of fiscal year 2021, liabilities with respect to approximately $1.3 million in accrued payroll and related expenses were reversed as the related statute of limitation periods were determined to have expired.