Note 2. Long-term Debt (Ananda) (Reportable Segment (Ananda))

3 Months Ended

Mar. 31, 2015

Reportable Segment (Ananda)

Note 2. Long-term Debt (Ananda)

NOTE 2.                      LONG-TERM DEBT

As of March 31, 2015 long-term debt consists of an installment note payable to a bank, bearing interest at 5.57% per annum, secured by a first lien deed of trust on the land and building located in Houston, Texas and assignment of the rents and leases related thereto.  The note is also guaranteed by the members.  The note is payable in monthly installments of $3,367 and matures during June, 2028.

Long-term debt is as follows:
	March 31,	December 31,
	2015	2014
Note payable	$377,851	$382,719
Less current portion	(19,848)	(19,574)
Long-term debt	$358,003	$363,145

Maturities of long-term debt are as follows:
March 31, 2016	$19,848
March 31, 2017	20,982
March 31, 2018	22,181
March 31, 2019	23,449
March 31, 2020	24,789
Thereafter	266,602
	$377,851

Total interest for the three months ended March 31, 2015 and 2014 was $5,233 and $5,488, respectively.