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(5) LOANS AND MORTGAGE PAYABLE

12 Months Ended

Dec. 31, 2011

(5) LOANS AND MORTGAGE PAYABLE

LOANS PAYABLE

Any short term margin debt due to brokers is secured by the Company’s marketable securities and totaled $13,751,008 at December 31, 2011 and $4,638,197 at December 31, 2010.

Interest expense on short term margin debt was $72,877 for the year ended December 31, 2011 and $16,049 for the year ended December 31, 2010.

SHORT-TERM BORROWINGS

Years Ended December 31, 2011 and 2010:

Column A	Column B		Column C		Column D		Column E		Column F
Category of aggregate short-term borrowings	Balance at the end of the period		Weighted average interest rate at end of the period		Maximum amount outstanding during this period		Average amount outstanding during the period		Weighted average interest rates during the period
2011
Brokers	$	13,751,008	1.13	%	$	13,751,008	$	6,933,105	1.05	%

Column A	Column B		Column C		Column D		Column E		Column F
Category of aggregate short-term borrowings	Balance at the end of the period		Weighted average interest rate at end of the period		Maximum amount outstanding during this period		Average amount outstanding during the period		Weighted average interest rates during the period
2010
Brokers	$	4,638,197	1.11	%	$	4,638,197	$	1,926,188	0.83	%

The average borrowings were determined on the basis of the amounts outstanding at each month-end. The weighted interest rate during the year was computed by dividing actual interest expense in each year by average short-term borrowings in such year.

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 December 31, 2011, the remaining principal balance was $302,008. 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.

The future payments of principal on the mortgage for the next five years are as follows:

12/31/12		12/31/13	12/31/14	12/31/15	12/31/16

$	58,054	61,530	65,163	69,010	48,251

At December 31, 2011 and 2010, the remaining principal due on the mortgage is $302,008 and $346,861, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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