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Line of Credit and Long-Term Debt (Tables)
12 Months Ended
Feb. 28, 2018
Long-Term debt

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

 

     February 28,
2018
     February 28,
2017
 

Mortgage payable to bank; interest rate at BB&T Bank base rate plus 0.5% (5.00% as of February 28, 2018); monthly principal and interest payments of $5 thousand payable through October 2021; collateralized by land and building of Teltron Technologies, Inc.

   $ 78      $ 131  
  

 

 

    

 

 

 
     78        131  

Less current maturities

     (55      (54
  

 

 

    

 

 

 
     23      $ 77  
  

 

 

    

 

 

 
Future Maturities of Long-Term Debt

Future maturities of debt pertaining to the note with BB&T are as follows (in thousands):

 

Year

   Amount  

2019

   $ 55  

2020

     23  
  

 

 

 
   $ 78