| Long Term Debt |
9. Long Term Debt. Long-term
debt consists of:
| |
|
6/30/2012 |
|
|
12/31/2011 |
|
| Notes payable of Biozone Labs |
|
|
|
|
|
|
| Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%, |
|
$ |
223,873 |
|
|
$ |
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 |
|
|
242,627 |
|
|
|
257,639 |
|
| of $3,640 inclusive of interest |
|
|
|
|
|
|
|
|
| Other |
|
|
91,593 |
|
|
|
90,000 |
|
| Notes payable of 580 Garcia Properties |
|
|
|
|
|
|
|
|
| Mortgage payable of 580 Garcia collateralized by the land and building |
|
|
2,613,675 |
|
|
|
2,643,438 |
|
| payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum |
|
|
|
|
|
|
|
|
| |
|
$ |
3,171,768 |
|
|
$ |
3,298,332 |
|
| Less: current portion |
|
|
217,755 |
|
|
|
260,741 |
|
| |
|
|
2,954,013 |
|
|
|
3,037,591 |
|
|