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PREPAID EXPENSES AND OTHER CURRENT ASSETS
 12 Months Ended
Feb. 29, 2012
PREPAID EXPENSES AND OTHER CURRENT ASSETS  
PREPAID EXPENSES AND OTHER CURRENT ASSETS

7.                                      PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

Prepaid expenses and other current assets consisted of the following:

 

 

 

As of

 

As of

 

 

 

February 28,

 

February 29,

 

 

 

2011

 

2012

 

 

 

 

 

 

 

Prepaid rent

 

$

2,352,630

 

$

3,988,593

 

Prepayments to suppliers (1)

 

1,057,742

 

1,717,996

 

Deposit with third parties

 

—

 

858,028

 

Staff advances

 

440,703

 

559,793

 

Interest receivable

 

396,180

 

631,510

 

ADR receivable

 

108,444

 

368,711

 

Receivable from the sale of study cards

 

1,421

 

312,944

 

Others

 

389,809

 

574,400

 

 

 

$

4,746,929

 

$

9,011,975

 

 

(1)         Advance payments primarily for advertising and purchases of PPE.