General form of registration statement for all companies including face-amount certificate companies

Long Term Debt

v2.4.0.6
Long Term Debt
9 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
Long Term Debt
8. Long Term Debt. Long-term debt consists of:

   
9/30/2012
   
12/31/2011
 
Notes payable of Biozone Labs
           
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
  $ 190,826     $ 307,255  
City of Pittsburg Redevelopment Agency, 3% interest, payable in monthly installments of $3,640 inclusive of interest
    233,527       257,639  
Other
    85,000       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
    2,598,386       2,643,438  
      3,107,739       3,298,332  
Less: current portion
    194,247       260,741  
    $ 2,913,492     $ 3,037,591