Schedule Of Long-Term Debt |
|
|
|
|
|
|
|
June 30 |
|
|
2012 |
|
2011 |
|
Mortgage note payable with bank, due in monthly installments of $10,706, |
|
|
|
|
including interest at 5.79%, remaining due December 2014, secured by land and |
|
|
|
|
building(a) |
$ |
1,412,000 |
$ |
1,452,000 |
|
Term note payable with bank, due in monthly installments of $29,649, including |
|
|
|
|
interest at 4.28%, due December 2012, secured by substantially all assets(a) |
|
|
|
|
|
|
176,000 |
|
488,000 |
Capital lease obligations, due in varying monthly installments, including interest |
|
|
|
|
ranging from 6.99% to 12.07%, to November 2016, secured by equipment |
|
|
|
|
|
|
56,000 |
|
80,000 |
Total |
|
1,644,000 |
|
2,020,000 |
Less: Current portion |
|
254,000 |
|
438,000 |
Long-term debt |
$ |
1,390,000 |
$ |
1,582,000 |
|
Schedule Of Approximate Future Minimum Payments Under Capital Leases |
|
|
|
|
Year ending June 30: |
|
|
|
|
2013 |
$ |
35,000 |
|
2014 |
|
9,000 |
|
2015 |
|
8,000 |
|
2016 |
|
8,000 |
|
2017 |
|
2,000 |
|
Total |
|
62,000 |
|
Less: Amount representing interest |
|
(6,000 |
) |
Present value of future minimum lease payments (included in long term debt above) |
$ |
56,000 |
| |