v2.4.0.6

Note 4. Bank Loans and Convertible Debt. (Detail) (USD $)	3 Months Ended	4 Months Ended	59 Months Ended			4 Months Ended						3 Months Ended			3 Months Ended			3 Months Ended
	Jun. 30, 2012	Aug. 14, 2012	Dec. 31, 2017	Mar. 31, 2012	Dec. 31, 2011	Aug. 14, 2012 Storage Tanks, Brunswick Terminal [Member]	Feb. 28, 2012 Storage Tanks, Brunswick Terminal [Member]	Jun. 30, 2012 Storage Tanks, Westwego and Salisbury Terminals [Member]	Jun. 22, 2012 Storage Tanks, Westwego and Salisbury Terminals [Member]	Jun. 30, 2012 Related Party Investors [Member] October 2009 Convertible Debt Offering [Member]	Jun. 30, 2012 Related Party Investors [Member] March 2010 Convertible Debt Offering [Member]	Jun. 30, 2012 Storage Tanks, Brunswick Terminal [Member]	Jun. 30, 2011 October 2009 Convertible Debt Offering [Member]	Oct. 15, 2009 October 2009 Convertible Debt Offering [Member]	Jun. 30, 2012 March 2010 Convertible Debt Offering [Member]	Mar. 28, 2011 March 2010 Convertible Debt Offering [Member]	Mar. 31, 2010 March 2010 Convertible Debt Offering [Member]	Jun. 30, 2012 Convertible Notes [Member]	Jun. 30, 2012 Related Party Investors [Member]	Mar. 31, 2012 Related Party Investors [Member]
Number of Barrels							60,000		50,000
Construction Loan								$ 2,300,000				$ 1,380,000
Proceeds from Construction Loans Payable	202,325	1,034,700				1,194,400						347,487
Number of Storage Tanks									2
Debt Instrument, Periodic Payment, Principal			38,000
Convertible Debt	4,076,033			4,076,033										3,001,033			1,750,000
Debt Instrument, Interest Rate, Stated Percentage														10.00%			10.00%
Interest Expense, Debt	75,026														43,750
Debt Instrument, Convertible, Conversion Price (in Dollars per share)					$ 0.50								$ 0.40	$ 0.50		$ 0.40	$ 0.50
Due to Related Parties	675,000			675,000						430,000	245,000
Share Price (in Dollars per share)	$ 0.61
Derivative, Loss on Derivative	637,600														364,300			1,002,000
Debt Instrument, Unamortized Discount	3,607,352			3,745,668															597,386	620,291
Due to Related Parties, Net of Discount	77,614			54,709
Convertible Debt, Net of Discount	$ 468,681			$ 330,365

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This element represents the carrying value of a short-term real estate loan to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project, usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property. Note that there are separate concepts for the current and noncurrent portions of long-term construction loans.

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Interest rate stated in the contractual debt agreement.

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The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized.

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The cash inflow from borrowings to finance the cost of construction.

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