long term debt and debenturesAt Mar. 31, 2005, long-term debt totaled $3,451,000 (none due currently) and consisted of a $2,500,000 13% promissory note payable due May 17, 2006, and $1,080,000 in 9% debentures due Dec. 31, 2006. The debentures carry 10 share purchase warrants for each dollar of principal amount issued, with warrants exercisable at 3¢ to Dec. 31, 2005, and at 5¢ to Dec. 31, 2006.