Long Term Debt (Tables)

12 Months Ended

Feb. 29, 2016

Long Term Debt Tables

Long-term debt

	February 29,		February 28,
	2016		2015
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.		—		20,542
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.		1,319,737		1,457,379
Total long term debt		1,319,737		1,477,921
Due within one year		143,388		158,184
Due after one year	$	1,176,349	$	1,319,737

Long-term debt payables

Fiscal Year ending February 28,
2017	$	143,388
2018		149,698
2019		156,119
2020		162,817
2021		169,715
Thereafter		538,000
	$	1,319,737