November 30,
2015

February 28,
2015

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

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.

1,354,570

1,457,379

Total long term debt

1,354,570

1,477,921

Due within one year

137,642

158,184

Due after one year

$

1,216,928

$

1,319,737