August 31,

February 28,

2011

Note payable, individual, collateralized by land and buildings, payable in monthly installments of principal and interest of $14,446 through January 2031. Interest rate 5.5%.
20 year term

$

2,065,788

$

2,095,179

Equipment loan, bank, collateralized by related office equipment, payable in monthly installments of principal and interest of $5,154 through June 2015. Interest rate 2.12%.
48 month term

228,055

0

Equipment loan, bank, collateralized by related office equipment, payable in monthly installments of principal and interest of $529 through September 2011. Interest rate 5.22%.
36 month term

0

2,647

Total long term debt

2,293,843

2,097,826

Due within one year

119,457

62,247

Due after one year

$

2,174,386

$

2,035,579