Long-Term Debt
 12 Months Ended
Feb. 29, 2020
Long-Term Debt
Note 3. Long-Term Debt
The Company had no commercial debt with any banks at February 29, 2020. The Company paid in full the amount it owed on a building owned by the Company’s subsidiary, Teltron Technology, Inc. in fiscal 2020.
Long-term debt consisted of the following (in thousands):
 
   
February 29,

2020
   February 28,
2019		 
Mortgage payable to bank; interest rate at BB&T Bank base rate plus 0.5% (6% as of February 28, 2019); monthly principal and interest payments of $5 thousand payable through July 2020; collateralized by land and building of Teltron Technologies, Inc. Loan paid in full in fiscal 2020.
  
$
—
 
  
$
23
 
  
 
 
   
 
 
 
  
 
—
 
   23 
Less current maturities
  
 
—
 
   (23) 
  
 
 
   
 
 
 
  
$
—
 
  $—   
  
 
 
   
 
 
 
In addition, resulting from a prior acquisition which occurred in October 2017, the Company has a $100 thousand note due to the seller that is
non-interest
bearing and is payable at the completion of a product development plan by the previous owner which is expected in fiscal 2021.