v2.4.0.8

STATEMENT OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended
STATEMENT OF OPERATIONS (UNAUDITED) (USD $)	May 31, 2013	May 31, 2012
Revenues
Vehicle rentals	$ 886,607	$ 624,797
Other	2,185	1,936
Total Revenues	888,792	626,733
Expenses
Direct vehicle and operating	138,582	247,334
Vehicle depreciation	210,502	174,924
Selling, general and administrative	367,746	110,350
Interest expense	131,754	64,226
Total Expenses	848,584	596,834
Operating Income	40,208	29,899
Other Income
Interest income	0	0
Net Income Before Provision for Income Taxes	40,208	29,899
Provision for Income Taxes	0	0
Net Income	$ 40,208	$ 29,899
Earnings per Share	$ 0.00	$ 0.00
Weighted Average Common Shares Outstanding	112,250,000	112,250,000

The amount of expense for the vehicle and direct operating expenses during the period.

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Income received from Vehicle rentals during the period.

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The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.

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The cost of borrowed funds accounted for as interest that was charged against earnings during the period.

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Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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The net result for the period of deducting operating expenses from operating revenues.

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Net of tax amount of other comprehensive income (loss) attributable to the parent entity.

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Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts.

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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

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Earn-A-Car Inc. 10-Q