Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt

v2.3.0.15
Long Term Debt
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements  
Long Term Debt

NOTE 7 – Long Term Debt
 
Notes payable of Biozone Labs
     
Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%,
  $ 347,714  
     payable in monthly installments of $168 to $1,589, inclusive of interest
       
City of Pittsburg Redevelopment Agency, 3% interest, payable in monthly installments
    278,409  
     of $3,640 inclusive of interest
       
Other
    90,000  
Notes payable of 580 Garcia Properties
       
Mortgage payable of 580 Garcia collateralized by the land and building
    2,655,715  
     payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum
       
    $ 3,371,838  
Less: current portion
    284,576  
      3,087,262