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Long term debt (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Schedule of Maturities of Long-term Debt [Table Text Block] | Long term debt consists of the following:
|  | December 31, |
|  | 2013 |  | 2012 |
Fixed rate bonds bearing interest at a rate of 5.95%; maturing on August 4, 2016; repayable in quarterly installments of $526,010; secured through an inter-creditor agreement with the Republic Bank & Trust by substantially all of the Company’s assets. Redeemable in full at any time after August 4, 2009 at a premium of 1.5% of the outstanding principal and accrued interest on the bonds on the date of redemption. |  | $ | 5,301,328 |  | $ | 7,025,353 |
Total debt |  |  | 5,301,328 |  |  | 7,025,353 |
Less discount |  |  | 96,161 |  |  | 172,693 |
Less current portion |  |  | 5,205,167 |  |  | 1,647,493 |
Long term debt, excluding current portion |  | $ | - |  | $ | 5,205,167 |

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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