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Long Term Debt (Tables)

3 Months Ended

May 31, 2014

Long Term Debt Tables

Long-term debt

		May 31,				February 28,
		2014				2014
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.		$	66,063			$	81,164
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.			1,556,503				1,589,360
Total long term debt			1,622,566				1,670,524
Due within one year			194,451				191,466
Due after one year		$	1,428,115			$	1,479,058

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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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