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Long Term Debt (Tables)

3 Months Ended

Nov. 30, 2013

Long Term Debt Tables

Long-term debt

		November 30,				February 28,
		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.		$	1,923,075			$	1,972,617
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.			96,143				140,618
Total long term debt			2,019,218				2,113,235
Due within one year			128,794				125,999
Due after one year		$	1,890,424			$	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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No definition available.

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