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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
12 Months Ended
Feb. 28, 2013
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES  
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

11.                               ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

 

Accrued expenses and other current liabilities consisted of the following:

 

 

 

As of

 

As of

 

 

 

February 29,

 

February 28,

 

 

 

2012

 

2013

 

Accrued employee payroll and welfare benefits

 

$

9,614,318

 

$

12,618,301

 

Other taxes payable

 

2,362,052

 

2,746,276

 

Accrued teaching material costs

 

465,627

 

309,938

 

Payable to employees

 

885,869

 

206,014

 

Government subsidies

 

 

160,738

 

Enrollment fees collected for sponsors

 

281,293

 

120,082

 

Payable for investment in Holiday School

 

95,337

 

96,443

 

Professional service fee payable

 

478,890

 

69,499

 

Payable for acquisition of Wuhan Jianghan School

 

35,274

 

35,684

 

Accrued advertising expenses

 

231,600

 

 

Others

 

833,930

 

833,026

 

Total

 

$

15,284,190

 

$

17,196,001