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Deferred Compensation
12 Months Ended
Dec. 31, 2012
Compensation Related Costs [Abstract]  
Compensation Related Costs, General [Text Block]
9. Deferred Compensation

 

Deferred compensation of $309,740 and $215,011 consists of accumulated compensation earned by the Company’s two founders, the President and CEO, CFO and certain other employees not paid as of December 31, 2012 and December 31, 2011, respectively.

 

Pursuant to the Company’s employment agreements with the two founders, the Company has agreed to pay deferred compensation totaling $215,011 at December 31, 2012 in cash to the two founders in 2015.