4. LEASEHOLD IMPROVEMENT LOAN |
12 Months Ended | |||||||||||||||||||||||||
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Dec. 31, 2015 | ||||||||||||||||||||||||||
Notes to Financial Statements | ||||||||||||||||||||||||||
4. LEASEHOLD IMPROVEMENT LOAN |
In connection with the lease of commercial real estate by the Companys wholly-owned subsidiary for the operation of the plasma collection center, the Company borrowed $125,980 from the lessor to pay for leasehold improvement costs in excess of the allowance provided for in the lease agreement. The loan bears interest at 9% and is payable in 120 monthly installments of $1,596 maturing January 2019. Principal maturities under the loan are as follows:
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- Definition 4. LEASEHOLD IMPROVEMENT LOAN No definition available.
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- Definition Notes to Financial Statements No definition available.
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