| Schedule Of Debt |
| |
|
|
|
|
| |
|
October 31, |
| |
|
2012 |
|
2011 |
| Virginia Real Estate Loan ($6.5 million original principal) |
|
|
|
|
| payable in monthly installments of $36,426, including interest |
|
|
|
|
| (at 4.25%), with final payment of $4,858,220 due April 30, 2018 |
$ |
5,952,200 |
$ |
6,091,633 |
| North Carolina Real Estate Loan ($2.24 million original principal) |
|
|
|
|
| payable in monthly installments of $12,553, including interest |
|
|
|
|
| (at 4.25%), with final payment of $1,674,217 due April 30, 2018 |
|
2,051,219 |
|
2,099,271 |
| Total long-term debt |
|
8,003,419 |
|
8,190,904 |
| Less current installments |
|
247,739 |
|
190,593 |
| Long-term debt, excluding current installments |
$ |
7,755,680 |
$ |
8,000,311 | |