Long-Term Debt
 3 Months Ended
May 31, 2019
Long-term Debt, Unclassified [Abstract]  
Long-Term Debt
   

May 31,

2019

    

February 28,

2019

  
Instalment loan   $ 965,969     $ 1,005,518  
Less current portion     51,748       53,155  
Non-current portion   $ 914,221     $ 952,363  

 

Principal repayments due on the Instalment loan over the next five years are as follows:

 

Years ending February 28,   Amount  
2020   $ 38,811  
2021     51,748  
2022     51,748  
2023     51,748  
2024     51,748  
Thereafter     720,166  
Total   $ 965,969  

 

Interest paid on the instalment loan during the three-month periods ended May 31, 2019 and 2018 amounted to $13,070 and $13,037, respectively. As at May 31, 2019, the Company was in compliance with its financial covenants.