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Long Term Debt

9 Months Ended

Nov. 30, 2014

Notes to Financial Statements

Long Term Debt

NOTE 6: LONG TERM DEBT

Long-term debt consists of the following:

		November 30,				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.		$	35,849			$	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.			1,490,763				1,589,360
Total long term debt			1,526,612				1,670,524
Due within one year			172,042				191,466
Due after one year		$	1,354,570			$	1,479,058

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

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