Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt

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Long Term Debt
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Long Term Debt

NOTE 9 - Long Term Debt. Long-term debt matures as follow:

 

Notes payable of Biozone Labs        
Capitalized lease obligations bearing interest at rates ranging from 8.6% to 16.3%,   $ 275,959     $ 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     205,756       221,190  
     of $3,640 inclusive of interest                
Other     75,000       80,000  
Notes payable of 580 Garcia Properties                
Mortgage payable of 580 Garcia collateralized by the land and building     2,550,826       2,582,818  
     payable in monthly installments of $20,794, inclusive of interest at 7.24% per annum                
    $ 3,107,541     $ 3,076,331  
Less: current portion     206,042       181,752  
      2,901,499       2,894,579