| Long Term Debt |
8. Long Term Debt. Long-term debt consists of:
| |
|
9/30/2012
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|
|
12/31/2011
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|
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Notes payable of Biozone Labs
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|
|
|
|
|
|
|
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
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|
|
|
|
|
|
|
|
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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 |
|
|