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PREPAID EXPENSES AND OTHER CURRENT ASSETS | 12 Months Ended
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Feb. 28, 2013
PREPAID EXPENSES AND OTHER CURRENT ASSETS |
PREPAID EXPENSES AND OTHER CURRENT ASSETS | 6. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consisted of the following:
|  | As of |  | As of |
|  | February 2 9, |  | February 2 8, |
|  | 20 12 |  | 201 3 |
Prepaid rent |  | $ | 3,988,593 |  | $ | 5,017,135 |
Prepayments to suppliers (1) |  | 1,717,996 |  | 1,998,710 |
Interest receivable |  | 631,510 |  | 1,505,973 |
Deed tax refund receivable (2) |  | — |  | 1,235,622 |
Staff advances |  | 559,793 |  | 654,003 |
Deposit with third parties |  | 858,028 |  | 208,960 |
ADR receivable |  | 368,711 |  | 207,000 |
Study cards receivable |  | 312,944 |  | 122,055 |
Others |  | 574,400 |  | 956,859 |
|  | $ | 9,011,975 |  | $ | 11,906,317 |
(1) Advance payments were primarily for advertising and purchases of property and equipment. (2) According to the Caishui [2001] No 156, Beijing Haidian School is entitled to enjoy the deed tax exemption on purchasing the buildings for educational services purpose. Deed tax refund receivable was recorded upon the confirmation and approval from related tax authority during the year ended February 28, 2013.

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