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Notes Payable (Tables)
9 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]

The table below reflects all notes payable at September 30, 2012 and December 31, 2011, respectively, including the Notes Totaling $629,056 and the Notes Totaling $472, 500, with the exception of the Note 8 - Notes Payable - Related Parties.

 

    September 30,     December 31,  
    2012     2011  
Bank Loan, due April 30, 2014   $ 67,778     $ 98,122  
Authority Loan No. 1, due September 1, 2015     781,626       956,071  
Authority Loan No. 2, due August 1, 2018     750,000       750,000  
Notes payable to advisor, due November 16, 2012     497,000       127,500  
Note payable to advisor, due November 29, 2012     118,556       45,000  
Note payable to advisor, due July 1, 2013     300,000       300,000  
Note payable to advisor, due November 17, 2012     50,000       -  
Note payable to advisor, due December 10, 2012     38,000       -  
Note payable to advisor, due November 17 2012     74,000       -  
Note payable to advisor, due February 12, 2013     24,000          
Note payable due August 6, 2013     97,500       -  
Note payable due December 3, 2012     50,000       -  
Total notes payable     2,848,460       2,276,693  
Less current portion     (1,543,810 )     (747,778 )
Long-term portion of notes payable   $ 1,304,650     $ 1,528,915
Schedule of Maturities of Long-term Debt [Table Text Block]

Future minimum principal payments of these notes payable with the exception of the related party notes in Note 8 - Notes Payable - Related Parties, as described in this Note 7 are as follows:

 

For the Twelve-Month
Period Ended September 30,
    Amount  
  2013     $ 1,543,810  
  2014       419,425  
  2015       416,302  
  2016       150,143  
  2017       160,996  
  thereafter       157,784  
             
  Total     $ 2,848,460