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Note Receivable
|
6 Months Ended |
|---|---|
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Jun. 30, 2012
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| Note Receivable [Abstract] | |
| Note Receivable | 10. Note Receivable
On May 25, 2012, we executed a $663,359 Promissory Note with Forem Energy Group, maturing on May 25, 2022. This note is unsecured and bears interest at an annual rate of 2.9%. Accordingly, receivables relating to this agreement in the amount of $600,419 and $62,940 have been recorded as note receivable and current portion note receivable (prepaid expenses and other current assets), respectively, in the condensed consolidated balance sheets as of June 30, 2012. |