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(4) LOANS AND MORTGAGE PAYABLE
9 Months Ended
Sep. 30, 2011
Debt Disclosure [Text Block]
 (4) LOANS AND MORTGAGE PAYABLE

LOANS PAYABLE

Short-term debt to brokers (margin debt) is secured by the Company’s marketable securities and totaled $7,841,832 at September 30, 2011 and $4,638,197 at December 31, 2010. The interest rate on the Company’s margin debt at September 30, 2011 ranged from 1.074% to 1.075%.

MORTGAGE PAYABLE

Daxor financed the purchase of the land and two buildings in Oak Ridge, Tennessee with a $500,000 mortgage, with the first five years fixed at 7.49%. There was a balloon payment of $301,972 for the remaining principal and interest on the mortgage due on January 2, 2012.

On July 19, 2011, the Company signed a new five year mortgage agreement for the remaining principal balance of $319,927 plus interest. As of September 30, 2011, the remaining principal balance was $316,032. The interest rate is fixed at 5.75% and the first payment was made on September 2, 2011 and the last payment is due August 2, 2016.