Long-Term Debt

9 Months Ended

Sep. 30, 2012

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

5.         Long-Term Debt

Maturities of long-term debt for succeeding years are as follows:

	September 30, 2012		December 31, 2011
Loans from Cole Taylor, payable in monthly installments of $12,300, including interest at prime plus 2% with a balloon payment of approximately $2,202,500 in June 2016; secured by real property at Ukiah, California		2,755,100		2,885,600
Loans from Cole Taylor, payable in monthly installments of $25,200, including interest at prime plus 1.5% with a balloon payment of approximately $654,800 in June 2016; secured by all assets of Releta and MBC		1,789,800		1,818,900
		4,544,900		4,704,500
Less current maturities		450,000		423,600
	$	4,094,900	$	4,280,900

Payments due during –
Three months ending December 31, 2012	$	112,500
Year ending December 31, 2013		450,000
Year ending December 31, 2014		450,000
Year ending December 31, 2015		450,000
Year ending December 31, 2016		3,082,400
	$	4,544,900