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DUE TO PRIOR RELATED PARTIES (Tables)
3 Months Ended
May 31, 2021
DUE TO PRIOR RELATED PARTIES  
Schedule of due to related parties

 

 

 

 

 

 

 

 

    

May 31, 2021

    

February 28, 2021

 

 

 

 

 

 

 

USBL loans payable to Spectrum Associates, Inc. (“Spectrum”),
a corporation controlled by the two officers of USBL,
interest at 6%, due on demand

 

$

 —

 

$

1,324,689

USBL loans payable to the two officers of USBL,
interest at 6%, due on demand

 

 

 —

 

 

569,317

USBL loans payable to Daniel T. Meisenheimer, Jr. Trust, a trust
controlled by the two officers of USBL, non-interest bearing,
due on demand

 

 

 —

 

 

48,850

MCREH note payable to president of USBL, interest at 7%, due
on demand

 

 

 —

 

 

48,000

MCREH loan payable to Spectrum, non-interest
bearing, due on demand

 

 

 —

 

 

4,500

MCREH loan payable to president of USBL, non-interest
bearing, due on demand

 

 

 —

 

 

5,000

MCREH loan payable to Meisenheimer Capital, Inc.,
non-interest bearing, due on demand

 

 

 —

 

 

159,275

Total

 

$

 —

 

$

2,159,631