3. Notes Payable and Leases (Tables)

9 Months Ended

Jun. 30, 2015

	June 30,			September 30,
	2015			2014
Finance agreement issued in connection with the purchasing of insurance policies. The note bears interest at 3.35% per annum and requires monthly principal and interest payments of $5,693 through March 2015.		–			30,000

Capital lease agreement in connection with the update of our IT infrastructure bearing an effective interest rate of 8.41% per annum. The lease requires monthly payments of $3,766 through October 2016.		57,000			83,000

Finance agreement issued in connection with the purchasing of an insurance policy. The note bears interest at 4.75% per annum and requires monthly payments principal and interest payments of $2,011 through November 2015.		8,000			–

Finance agreement issued in connection with the purchasing of insurance policies. The note bears interest at 3.35% per annum and requires monthly principal and interest payments of $5,890 through February 2016.		41,000			–

	$	106,000		$	113,000

Less: current portion		(91,000	)		(70,000	)
	$	15,000		$	43,000

TRIMEDYNE INC 10-Q