Accrued Expenses

9 Months Ended

Nov. 30, 2020

Payables and Accruals [Abstract]

ACCRUED EXPENSES

NOTE 4 – ACCRUED EXPENSES

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

	November 30, 2020		February 29, 2020
Accrued payroll and related expenses	$	634,114	$	1,868,928
Accrued legal expenses		20,000		-
Income taxes payable		27,035		27,035
Other accrued expenses		49,439		50,327
	$	730,588	$	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.