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Long term debt (Tables)
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long term debt consists of the following:
 
 
 
December 31,
 
 
 
2014
 
2013
 
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
 
Demand loan payable with an original balance of $10.0 million, payable in quarterly installments of $500,000 with the remaining principal balance due on May 14, 2016 if not called by the lender; bearing interest at LIBOR plus 1.5%.
 
 
9,000,000
 
 
-
 
Total debt
 
 
9,000,000
 
 
5,301,328
 
Less discount
 
 
-
 
 
96,161
 
Less current portion
 
 
9,000,000
 
 
5,205,167
 
Long term debt, excluding current portion
 
$
-
 
$
-