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Deferred Compensation
3 Months Ended
Mar. 31, 2013
Compensation Related Costs [Abstract]  
Compensation Related Costs, General [Text Block]

9. Deferred Compensation

 

Deferred compensation consists of accumulated compensation earned by the Company’s two founders, President and Chief Executive Officer, and Chief Financial Officer and not paid as of March 31, 2013 and December 31, 2012. Pursuant to the Company’s employment agreements with the founders, the Company has agreed to pay deferred compensation totaling $215,012 in cash to these founders on March 31, 2015. All other deferred compensation will be paid during 2013.