Lines of Credit and Long-Term Debt (Tables)

12 Months Ended

Feb. 28, 2014

Long-Term Debt

Long-term debt consisted of the following (in thousands):

	February 28, 2014			February 28, 2013
Note payable to Community & Southern Bank; interest rate at LIBOR plus 400 basis points as defined per the loan agreement, minimum 5.00%, 5% rate applied. Monthly principal payments of $0 plus accrued interest, payable through August 2014; collateralized by all assets of the Company. On September 6, 2013, this entire liability was assumed by Community and Southern Bank. Note paid off January 16, 2014.		—			1,983
Note payable to PNC Bank and Community & Southern Bank; interest rate at LIBOR plus applicable margin as defined per the loan agreement, minimum 4.00%, default rate 9% (the Company was in breach of covenants; therefore, 9% rate applied.) Monthly principal payments of $17 plus accrued interest, payable through December 2013 with an extension to December 2025 with a renewal of the credit agreement in December 2013; collateralized by two properties of the Company and one property owned by the Chief Executive Officer. Note paid off August 30, 2013.		—			2,567
Mortgage payable to bank; interest rate at Community Banks Base rate plus 0.5% (3.75% as of February 28, 2013); monthly principal and interest payments of $5 thousand payable through October 2021; collateralized by land and building of Teltron Technologies, Inc.		281			327
		281			4,877
Less current maturities		(48	)		(4,596	)
	$	233		$	281

Future Maturities of Lines of Credit and Long-Term Debt

Future maturities of lines of long-term debt are as follows (in thousands):

Year	Amount
2015	$	48
2016		51
2017		52
2018		54
2019		56
Thereafter		20
	$	281