Long-Term Debt
 6 Months Ended
Aug. 31, 2019
Long-term Debt, Unclassified [Abstract]  
Long-Term Debt
   

August 31,

2019

    

February 28,

2019

  
Instalment loan   $ 969,663     $ 1,005,518  
Less current portion     52,651       53,155  
Non-current portion   $ 917,012     $ 952,363  

 

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

 

Years ending February 28,   Amount  
2020   $ 26,326  
2021     52,651  
2022     52,651  
2023     52,651  
2024     52,651  
Thereafter     732,733  
Total   $ 969,663  

 

Interest paid on the instalment loan during the three- and six-month periods ended August 31, 2019 amounted to $13,993 and $27,062, respectively (2018 - $13,443 and $26,481, respectively). As at August 31, 2019, the Company was in compliance with its financial covenants.