XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.1
6 CAPITAL LEASE OBLIGATION (Tables)
12 Months Ended
Feb. 29, 2016
Debt Disclosure [Abstract]  
Outstanding obligations

 

    February 29,     February 28,  
    2016     2015  

Capital lease for equipment requiring monthly payments of principal and

interest of $491 through October 2016 bearing interest at an annual rate of 7.5%

  $ 4,959     $ 10,311  

Capital lease for equipment requiring monthly payments of principal and

Interest of $546 through August 2020 bearing interest at an annual rate of 9.5%

    29,484       -  
Total capital lease obligations, principal and interest     34,443       10,311  
Less amount representing interest     (5,614 )     (591 )
Total capital lease obligations, principal     28,829       9,720  
  Less current portion     (9,390 )     (5,639 )
  Long term portion   $ 19,439     $ 4,081  

Future maturities of the capital lease obligation

Fiscal Year Ending        
 February 28,   Amount    
         
2017   $ 316,000    
2018     337,000    
2019     286,000    
2020     263,000    
           
2021     259,000    
Thereafter     109,000    
Total   $ 1,570,000