Long Term Debt |
NOTE 9 - Long Term Debt. Long-term debt matures as follow:
|
|
March 31, 2013
|
|
|
December 31, 2012
|
|
Notes payable of Biozone Labs
|
|
|
|
|
|
|
Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%,
|
|
$
|
300,599
|
|
|
$
|
192,323
|
|
payable in monthly installments of $168 to $1,589, inclusive of interest
|
|
|
|
|
|
|
|
|
City of Pittsburg Redevelopment Agency, 3% interest, payable in monthly installments
|
|
|
215,040
|
|
|
|
221,190
|
|
of $3,640 inclusive of interest
|
|
|
|
|
|
|
|
|
Other
|
|
|
80,000
|
|
|
|
80,000
|
|
Notes payable of 580 Garcia Properties
|
|
|
|
|
|
|
|
|
Mortgage payable of 580 Garcia collateralized by the land and building
|
|
|
2,566,966
|
|
|
|
2,582,818
|
|
payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum
|
|
|
|
|
|
|
|
|
|
|
$
|
3,162,605
|
|
|
$
|
3,076,331
|
|
Less: current portion
|
|
|
206,040
|
|
|
|
181,752
|
|
|
|
$
|
2,956,565
|
|
|
$
|
2,894,579
|
|
|