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Long Term Debt

9 Months Ended

Nov. 30, 2019

Notes to Financial Statements

Long Term Debt

NOTE 8: LONG TERM DEBT

Long-term debt consists of the following:

		November 30,				February 28,
		2019				2019
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.		$	748,994			$	870,531
Total long term debt			748,994				870,531
Due within one year			167,929				162,816
Due after one year		$	581,065			$	707,715

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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