v2.4.0.8

STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013	Nov. 30, 2012
Revenues
Vehicle rentals	$ 869,844	$ 472,412	$ 2,502,305	$ 2,225,774
Other	44,916	2,076	127,252	5,464
Total Revenues	914,760	474,488	2,629,557	2,231,238
Operating Expenses
Direct vehicle and operating	264,270	141,798	764,278	837,306
Vehicle depreciation and lease charges	222,285	284,613	632,346	665,290
Selling, general and administrative	274,714	142,857	836,181	355,374
Interest expense	121,742	85,411	347,040	185,847
Total Operating Expenses	883,011	654,679	2,579,845	2,043,817
Operating Income (Loss)	31,749	(180,191)	49,712	187,421
Other Income (Expense)
Interest income	1,197	2,380	5,080	21,268
Gain on asset disposal	(26,583)	(6,056)	(69,234)	(5,209)
Net Income (Loss) Before Provision for Income Taxes	6,363	(183,867)	(14,442)	203,480
Provision for Income Taxes	0	0	0	0
Net Income (Loss)	$ 6,363	$ (183,867)	$ (14,442)	$ 203,480
Earnings (Loss) per Share	$ 0.00	$ 0.00	$ 0.000	$ 0.002
Weighted Average Common Shares Outstanding	112,250,000	112,250,000	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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Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee.

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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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Amount of the cost of borrowed funds accounted for as interest expense.

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Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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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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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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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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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/A