Lines of Credit and Long-Term Debt

12 Months Ended

Feb. 29, 2016

Note 5. Lines of Credit and Long-Term Debt

Currently, the only commercial debt of the Company is $0.2 million it owes on a building owned by its subsidiary, Teltron Technologies, Inc. in Birdsboro, PA.

The Company had outstanding margin account borrowing of $0.4 as of February 29, 2016 and $4.0 million as of February 28, 2015. The margin account borrowings are used to purchase marketable equity securities and are netted against the investments in the balance sheet to show net trading investments. The gross investments as of February 29, 2016 were $0.5 million leaving net investments of $0.1 million after the margin account borrowings of $0.4 million and as of February 28, 2015 were $6.5 million leaving net investments of $2.5 million after the margin account borrowings of $4.0 million. The margin interest rate is 2%.

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


	February 29,			February 28,
	2016			2015
Mortgage payable to bank; interest rate at BB&T Bank base rate plus 0.5% (4.00% as of February 29, 2016); monthly principal and interest payments of $5 thousand payable through October 2021; collateralized by land and building of Teltron Technologies, Inc.		183			233

		183			233
Less current maturities		(52	)		(50	)

	$	131		$	183

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


Year	Amount
2017	$	52
2018		55
2019		56
2020		20

	$	183