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EXCEL - IDEA: XBRL DOCUMENT - Earn-A-Car Inc.Financial_Report.xls
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v2.4.0.6
COMMITMENTS AND CONTINGENCIES OPERATING LEASES
9 Months Ended
Nov. 30, 2012
COMMITMENTS AND CONTINGENCIES OPERATING LEASES  
COMMITMENTS AND CONTINGENCIES OPERATING LEASES
8. COMMITMENTS AND CONTINGENCIES
 
OPERATING LEASES
 
The Company operates from various leased premises under operating leases with
terms up to 5 years. Some of the leases contain renewal options. No contingent
rent is payable.
 
Expenses incurred under operating leases for the period were as follows:
 
                                              November 30,          February 29,
                                                 2012                  2012
                                               --------              --------
Operating leases:
  Premises                                     $ 45,108              $  6,487
  Motor vehicles                                     --                 6,965
                                               --------              --------
                                               $ 45,108              $ 13,452
                                               ========              ========
Future minimum rentals and fees under non-cancelable operating leases for the 12
month periods are presented in the following table:
 
November 30, 2013                     $65,633
November 30, 2014                     $65.633
November 30, 2015                     $65,633
November 30, 2016                     $65,633
November 30, 2017                     $65,633
 
At November 30, 2012, the Company had no outstanding vehicle purchase
commitments over the next twelve months.