| Long Term Debt |
9. Long Term Debt. Long-term debt consists of:
|
Notes payable of BioZone Labs
|
|
June 30, 2012
|
|
|
December 31, 2011
|
|
|
Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%, payable in monthly installments of $168 to $1,589, inclusive of interest
|
|
$
|
223,873
|
|
|
$
|
307,255
|
|
|
City of Pittsburg Redevelopment Agency, 3% interest, payable in monthly installments of $3,640 inclusive of interest
|
|
|
242,627
|
|
|
|
257,639
|
|
|
Other
|
|
|
91,593
|
|
|
|
90,000
|
|
|
Notes payable of 580 Garcia Properties
|
|
|
|
|
|
|
|
|
|
Mortgage payable of 580 Garcia collateralized by the land and building payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum
|
|
|
2,613,675
|
|
|
|
2,643,438
|
|
| |
|
$
|
3,171,768
|
|
|
$
|
3,298,332
|
|
|
Less: current portion
|
|
|
217,755
|
|
|
|
260,741
|
|
|
Total
|
|
$
|
2,954,013
|
|
|
$
|
3,037,591
|
|
|