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(7) Long term Debt

12 Months Ended

Jun. 30, 2012

(7) Long Term Debt

Long term debt consists of the following as of June 30:

				2012	2011
	6.44% promissory note secured by trust deed on real property, maturing January 2021, payable in monthly installments of $13,278		$	1,048,496	1,137,179
	5.649% promissory note secured by building, maturing December 2017, payable in monthly installments of $16,985			961,196	1,105,292
	6.21% promissory note secured by a trust deed on real property, maturing November 2013, payable in monthly installments of $7,240			108,243	183,687
	8.49% promissory note secured by equipment, payable in monthly installments of $2,097 through December 2014			56,515	75,980
	14.305% promissory note secured by equipment, payable in monthly installments of $2,338 through May 2014			46,781	66,572
	4.75% promissory note secured by a vehicle, payable in monthly installments of $721 through May 2017			37,859	-
	5.531% promissory note secured by a vehicle, payable in monthly installments of $482 through August 2016			21,460	-
	5.887% promissory note secured by a vehicle, payable in monthly installments of $390 through March 2017			19,284	-
	5.75% promissory note secured by a vehicle, payable in monthly installments of $435 through October 2013			6,661	11,351
	10.15% promissory note secured by a vehicle, payable in monthly installments of $448 through December 2012			2,612	7,456
	13.001% promissory note secured by equipment, payable in monthly installments of $70 through October 2015			2,263	-
	7.95% promissory note secured by a vehicle, payable in monthly installments of $724 through July 2013			-	16,627
	16.35% promissory note secured by equipment, payable in monthly installments of $409 through October 2011			-	1,580
	9.69% promissory note secured by equipment, payable in monthly installments of $318 through October 2011			-	828

		Total long-term debt		2,311,370	2, 606,552
Less current portion				(395,055)	(368,135)
		Long-term debt, net of current portion	$	1,916,315	2, 238,417

The aggregate maturities of long term debt for each of the years subsequent to 2012 are as follows: 2013, $395,055; 2014, $355,217; 2015, $308,500; 2016, $314,467; 2017, $327,162 and thereafter $610,969.