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Investment in OC-BVI (Tables)
 3 Months Ended
Mar. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Condensed Financial Statements [Table Text Block]

Summarized financial information of OC-BVI is presented as follows:

 

    March 31,     December 31,  
    2013     2012  
Current assets   $ 3,853,018     $ 3,033,939  
Non-current assets     6,533,470       6,730,121  
Total assets   $ 10,386,488     $ 9,764,060  
 

 

    March 31,     December 31,  
    2013     2012  
Current liabilities   $ 845,415     $ 937,965  
Non-current liabilities     1,912,995       1,743,077  
Total liabilities   $ 2,758,410     $ 2,681,042
Investment [Table Text Block]

Summarized financial information of OC-BVI is presented as follows:

  

    Three Months Ended March 31,  
    2013     2012  
Revenues   $ 1,230,788     $ 1,034,909  
Gross profit   $ 527,794     $ 283,741  
Income from operations   $ 272,605     $ 90,461  
Other income (expense), net (1)   $ 1,547,456     $ 52,173  
Net income attributable to controlling interests   $ 1,809,926     $ 135,523  
 

 

  (1) Includes income of $2,000,000 and $nil related to the Court award – Baughers Bay dispute, for the three months ended March 31, 2013 and 2012, respectively.