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Long Term Debt

9 Months Ended

Nov. 30, 2016

Notes to Financial Statements

Long Term Debt

NOTE 8: LONG TERM DEBT

Long-term debt consists of the following:

		November 30,				February 29,
		2016				2016
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.			1,212,692				1,319,737
Total long term debt			1,212,692				1,319,737
Due within one year			137,642				143,388
Due after one year		$	1,075,050			$	1,176,349

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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

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