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Notes Payable to Officers and Directors
12 Months Ended
Feb. 28, 2014
Notes Payable to Officers and Directors

Note 6. Notes Payable to Officers and Directors

The Company borrowed $0.5 million from the Company’s CEO in January 2013 with an interest rate of eight percent. The Company had additional borrowings during the course of fiscal year 2014 for an additional $0.25 million. All the funds were borrowed on a short term basis and the Company fully repaid the funds by the end of the third quarter of fiscal 2014.