Long Term Debt (Tables)

12 Months Ended

Feb. 28, 2014

Long Term Debt Tables

Long-term debt

	February 28,		February 28,
	2014		2013
Note payable, individual, collateralized by land and buildings, payable in monthly installments of principal and interest of $14,446 through January 2031.  Interest rate 5.5%.  20 year term.	$	0	$	1,972,617
Equipment loan, bank, collateralized by related production equipment, payable in monthly installments of principal and interest of $5,158 through June 2015.  Interest rate 2.12%. 48 month term.		81,164		140,618
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.		1,589,360		0
Total long term debt		1,670,524		2,113,235
Due within one year		191,466		125,999
Due after one year	$	1,479,058	$	1,987,236

Long-term debt payables

Fiscal Year ending February 28,
2015	191,466
2016	158,014
2017	143,388
2018	149,698
2019	156,119
Thereafter	871,839