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Long Term Debt (Tables) | 12 Months Ended
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Feb. 28, 2014
Long Term Debt Tables |
Long-term debt |
|  | February 28, |  |  | February 28, |
|  | 2014 |  |  | 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. |  | $ | 0 |  |  | $ | 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. |  |  | 81,164 |  |  |  | 140,618 |
Note payable, bank, collateralized by land and buildings, payable in monthly installments of principal and interest of $16,358 through January 2024. Interest rate 4.15%. 10 year term. |  |  | 1,589,360 |  |  |  | 0 |
Total long term debt |  |  | 1,670,524 |  |  |  | 2,113,235 |
Due within one year |  |  | 191,466 |  |  |  | 125,999 |
Due after one year |  | $ | 1,479,058 |  |  | $ | 1,987,236 |
Long-term debt payables |
Fiscal Year ending February 28, |
2015 | 191,466
2016 | 158,014
2017 | 143,388
2018 | 149,698
2019 | 156,119
Thereafter | 871,839

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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. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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