XML 63 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Notes Payable (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2013 | Dec. 31, 2012
Debt Disclosure [Abstract] |  |
Schedule of Debt [Table Text Block] | The table below reflects all notes payable at March 31, 2013 and December 31, 2012, respectively, with the exception of related party notes disclosed in Note 8 - Notes Payable - Related Parties.
|  | March 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Bank Loan, due April 30, 2014 |  | $ | 47,211 |  |  | $ | 60,986 |
Authority Loan No. 1, due September 1, 2015 |  |  | 741,787 |  |  |  | 741,788 |
Authority Loan No. 2, due August 1, 2018 |  |  | 750,000 |  |  |  | 750,000 |
Notes payable to advisor, due March 16, 2013 |  |  | - |  |  |  | 131,500 |
Note payable to advisor, due July 1, 2013 |  |  | - |  |  |  | 300,000 |
Note payable due August 6, 2013 |  |  | - |  |  |  | 107,518 |
Note payable to advisor, due February 8, 2013 |  |  | - |  |  |  | 38,000 |
Note payable due June 1, 2013 |  |  | 50,000 |  |  |  | 50,000 |
Total notes payable |  |  | 1,588,998 |  |  |  | 2,179,792 |
Less current portion |  |  | (186,076 | ) |  |  | (670,527 | )
Long-term portion of notes payable |  | $ | 1,402,922 |  |  | $ | 1,509,265 |
| The table below reflects all notes payable at December 31, 2012 and December 31, 2011, respectively, with the exception of the Note 8 - Notes Payable - Related Parties.
|  | December 31, 2012 |  |  | December 31, 2011 |
Bank Loan, due April 30, 2014 |  | $ | 60,986 |  |  | $ | 98,122 |
Authority Loan No. 1, due September 1, 2015 |  |  | 741,788 |  |  |  | 956,071 |
Authority Loan No. 2, due August 1, 2018 |  |  | 750,000 |  |  |  | 750,000 |
Notes payable to advisor, Alpharion, due March 16, 2013 |  |  | 131,500 |  |  |  | 172,500 |
Note payable to advisor, Alpharion, due July 1, 2013 |  |  | 300,000 |  |  |  | 300,000 |
Note payable due August 6, 2013 |  |  | 107,518 |  |  |  | - |
Note payable to advisor, Alpharion, due February 8, 2013 |  |  | 38,000 |  |  |  | - |
Note payable, due June 1, 2013 |  |  | 50,000 |  |  |  | - |
Total Notes Payable |  |  | 2,179,792 |  |  |  | 2,276,693 |
Less current portion |  |  | (670,527 | ) |  |  | (747,778 | )
Long-term portion of notes payable |  | $ | 1,509,265 |  |  | $ | 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 March 31, |  | Amount |
2014 |  | $ | 186,076 |
2015 |  |  | 386,669 |
2016 |  |  | 571,630 |
2017 |  |  | 151,899 |
2018 |  |  | 162,880 |
Thereafter |  |  | 129,844 |
Total |  | $ | 1,588,998
| 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 December 31, |  | Amount |
2013 |  | $ | 670,527 |
2014 |  |  | 394,871 |
2015 |  |  | 633,423 |
2016 |  |  | 149,272 |
2017 |  |  | 160,063 |
thereafter |  |  | 171,636 |
Total |  | $ | 2,179,792

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration