Note 12 - Note Payable
 9 Months Ended
Nov. 30, 2016
Notes to Financial Statements  
Long-term Debt [Text Block]
NOTE
12
– NOTE PAYABLE
 
The Company’s long - term debt is comprised of a promissory note, the proceeds of which were loaned to SWRL and used to finance SWRL’s business acquisitions.
 
As of
November
30,
2016
and
February
29,
2016,
notes payable consisted of the following:
 
   
November 30, 2016
    
February 29, 2016
  
                 
Promissory note
   $
4,149,339
     $
5,085,133
  
                 
Less: current maturities
    
(1,290,099
 )    
(1,254,007
 )
                 
Long-term obligations
   $
2,859,240
     $
3,831,126
  
 
The following table summarizes annual maturities of our notes payable as of
November
30,
2016:
 
   
Amount
  
2017
   $
317,620
  
2018
    
1,302,503
  
2019
    
1,352,897
  
2020
    
1,176,319
  
Total minimum payments
   $
4,149,339
  
Less: current maturities
    
(1,290,099
 )
         
Long-term obligations
  $
2,859,240