| 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 |
|
|