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Long Term Debt (Tables)

3 Months Ended

May 31, 2013

Long Term Debt Tables

Long-term debt

		May 31,				February 28,
		2013				2013
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.		$	1,956,329			$	1,972,617
Equipment loan, bank, collateralized by related production equipment, payable in monthly installments of principal and interest of $5,158 through June 2015.   Interest rate 2.12%. 48 month term.			125,857				140,618
Total long term debt			2,082,186				2,113,235
Due within one year			126,917				125,999
Due after one year		$	1,955,269			$	1,987,236

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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