Note 5 – Long-Term Debt

Long-term debt consists primarily of eleven notes with financing companies, related to Gamma Knife and radiation therapy equipment, construction and installation, totaling $15,544,000, as of December 31, 2013. These notes are payable in 36 to 84 monthly installments, mature between December 2014 and December 2019, and are collateralized by the respective Gamma Knife units and radiation therapy equipment. Eight of the notes accrue interest at fixed annual rates between 3.95% and 7.58%, and three of the notes accrue interest at semi-annually adjusted variable rates that are approximately 2.5% as of December 31, 2013. As of December 31, 2012 long-term debt consisted of nine notes totaling $17,769,000. As of December 31, 2013 and December 31, 2012 the Company was in compliance with all debt covenants required under notes with its lenders. The following are contractual maturities of long-term debt by year at December 31, 2013:

Year ending December 31,
2014	$	4,804,000
2015		3,533,000
2016		3,641,000
2017		2,006,000
2018		1,080,000
Thereafter		480,000

	$	15,544,000