5.	Long-Term Debt – Mortgages:

				October 31, 2014				July 31, 2014
	Current
	Annual		Final	Due		Due		Due		Due
	Interest		Payment	Within		After		Within		After
	Rate		Date	One Year		One Year		One Year		One Year
Fishkill, New York property	6.98	%	2/18/15	$	68,112	$	1,458,062	$	68,112	$	1,470,463
Bond St. building, Brooklyn, NY	6.98	%	2/18/15		171,888		3,679,578		171,888		3,710,872
Total				$	240,000	$	5,137,640	$	240,000	$	5,181,335

The Company, on August 19, 2004, closed a loan with a bank for a $12,000,000 multiple draw term loan. The loan consists of: a) a permanent, first mortgage loan to refinance an existing first mortgage loan affecting the Fishkill, New York property, which matured on July 1, 2004 (the “First Permanent Loan”), b) a permanent subordinate mortgage loan in the amount of $1,870,000 (the “Second Permanent Loan”), and c) multiple, successively subordinate loans in the amount $8,295,274 (“Subordinate Building Loans”). The Company, in February 2008, converted the loan totaling $12,000,000 to a seven (7) year permanent mortgage loan. The interest rate on conversion was 6.98%. The outstanding balance of the loan totaling $5,318,490 will become due and payable on February 18, 2015. At this time, the Company is in the process of refinancing this mortgage with the current lender for an expected term of five (5) years.