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