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Long Term Debt (Tables) | 12 Months Ended
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Feb. 28, 2019
Long Term Debt - Long-term Debt Payables |
Long-term debt |
|  | February 28, |
|  | 2019 |  |  | 2018 |
Note payable, bank, collateralized by land and buildings, payable in monthly installments of principal and interest of $16,358 through January 2024 with an interest rate of 4.15% and a 10-year term. |  |  | 870,531 |  |  |  | 1,026,651 |
Total long-term debt |  |  | 870,531 |  |  |  | 1,026,651 |
Due within one year |  |  | 162,816 |  |  |  | 156,119 |
Due after one year |  | $ | 707,715 |  |  | $ | 870,532 |
Long-term debt payables |
Fiscal Year ending February 28, |  |  |  |
2020 |  |  |  | 162,816 |
2021 |  |  |  | 169,716 |
2022 |  |  |  | 177,081 |
2023 |  |  |  | 184,677 |
2024 |  |  |  | 176,241 |
|  |  | $ | 870,531 |

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- Definition Long Term Debt + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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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