| Long Term Debt |
9. Long Term Debt. Long-term debt (excluding capital leases) matures as follow:
| |
|
3/31/2012
|
|
|
12/31/2011
|
|
|
Notes payable of Biozone Labs
|
|
|
|
|
|
|
|
Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%,
|
|
$ |
265,514 |
|
|
$ |
307,255 |
|
|
payable in monthly installments of $168 to $1,589, inclusive of interest
|
|
|
|
|
|
|
|
|
|
City of Pittsburg Redevelopment Agency, 3% interest, payable in monthly installments
|
|
|
251,659 |
|
|
|
257,639 |
|
|
of $3,640 inclusive of interest
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
90,000 |
|
|
|
90,000 |
|
|
Notes payable of 580 Garcia Properties
|
|
|
|
|
|
|
|
|
|
Mortgage payable of 580 Garcia collateralized by the land and building
|
|
|
2,629,718 |
|
|
|
2,643,438 |
|
|
payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum
|
|
|
|
|
|
|
|
|
| |
|
$ |
3,236,891 |
|
|
$ |
3,298,332 |
|
|
Less: current portion
|
|
|
241,149 |
|
|
|
260,741 |
|
| |
|
$ |
2,995,742 |
|
|
$ |
3,037,591 |
|
|