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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