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Long Term Debt (Tables) | 12 Months Ended
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Feb. 28, 2015
Long Term Debt Tables |
Long-term debt |
|  | February 28, |
|  | 2015 |  |  | 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. |  | $ | 20,542 |  |  | $ | 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. |  |  | 1,457,379 |  |  |  | 1,589,360 |
Total long term debt |  |  | 1,477,921 |  |  |  | 1,670,524 |
Due within one year |  |  | 158,184 |  |  |  | 191,466 |
Due after one year |  | $ | 1,319,737 |  |  | $ | 1,479,058 |
Long-term debt payables |
Fiscal Year ending February 28, |
2016 | 158,184
2017 | 143,388
2018 | 149,698
2019 | 156,119
2020 | 162,817
Thereafter | 707,715

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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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