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Long-Term Debt
 9 Months Ended
Nov. 30, 2019
Long-term Debt, Unclassified [Abstract]  
Long-Term Debt
   

November 30,

2019

    

February 28,

2019

  
Installment loan   $ 956,932     $ 1,005,518  
Less current portion     52,675       53,155  
Non-current portion   $ 904,257     $ 952,363  

 

Principal repayments due on the Installment loan over the next five years are as follows:

 

Years ending February 28,   Amount  
2020   $ 13,169  
2021     52,675  
2022     52,675  
2023     52,675  
2024     52,675  
Thereafter     733,063  
Total   $ 956,932  

 

Interest paid on the installment loan during the three- and nine-month periods ended November 30, 2019 amounted to $14,778 and $41,840, respectively (2018 - $13,825 and $40,305, respectively). As at November 30, 2019, the Company was in compliance with its financial covenants.