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Long Term Debt (Tables)

9 Months Ended

Nov. 30, 2015

Long Term Debt Tables

Long-term debt

		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

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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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