v2.4.0.8

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 20. COMMITMENTS AND CONTINGENCIES

Lease Commitments

The Company leases railroad lines, warehouses and offices under operating leases. Future minimum lease payments under operating leases with initial or remaining terms of one year or more are as follows:

As of June 30,		Operating Leases
2015		$	271,184
2016			176,027
2017			169,579
2018			169,579
2019			169,579
Thereafter			987,034
		$	1,942,982

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The entire disclosure for commitments and contingencies.

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