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Notes Payable (Tables)
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes our notes payable balances as of December 31, 2012 and 2011:
 
Lender
 
Due Date
 
Interest Rate
 
2012
 
2011
Bridge Bank – term note payable - March 1, 2012
 
February 10, 2016
 
4.25% (prime, plus 1 percentage point)
 
$
4,222,222

 
$

Bridge Bank – term note payable - February 15, 2011
 
Matured March 1, 2012
 
5.25% (prime, plus 2 percentage points)
 

 
475,000

Bridge Bank – revolving credit line - March 1, 2012
 
March 1, 2014
 
3.75% (prime, plus 0.5 percentage point)
 
3,600,000

 

Bridge Bank – revolving credit line - February 15, 2011
 
Matured March 1, 2012
 
5.25% (prime, plus 2 percentage points)
 

 
2,431,303

Total
 
 
 
 
 
$
7,822,222

 
$
2,906,303

Less: current portion
 
 
 
 
 
(1,333,333
)
 
(452,000
)
Term and revolving credit line - long term portion
 
 
 
 
 
$
6,488,889

 
$
2,454,303

Schedule of Maturities of Long-term Debt
Principal payments under the term note payable are due as follows as of December 31, 2012:
2013
$
1,333,333

2014
1,333,333

2015
1,333,333

2016
222,223

Total
$
4,222,222