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Line of Credit and Long-Term Debt (Tables)
12 Months Ended
Feb. 28, 2017
Long- Term debt and Finance Lease Obligations

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

 

     February 28,      February 29,  
     2017      2016  

Mortgage payable to bank; interest rate at BB&T Bank base rate plus 0.5% (4.25% as of February 28, 2017); monthly principal and interest payments of $5 thousand payable through October 2021; collateralized by land and building of Teltron Technologies, Inc.

   $ 131      $ 183  
  

 

 

    

 

 

 
     131        183  

Less current maturities

     (54      (52
  

 

 

    

 

 

 
   $ 77      $ 131  
  

 

 

    

 

 

 
Future Maturities of Lines of Long-Term Debt

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

 

Year

   Amount  

2018

   $ 54  

2019

     56  

2020

     21  
  

 

 

 
   $ 131