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Notes Payable (Tables)
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
The table below reflects all notes payable at March 31, 2014 and December 31, 2013, respectively, with the exception of related party notes disclosed in Note 8 - Notes Payable - Related Parties.
 
 
 
March 31,
 
December 31,
 
 
 
2014
 
2013
 
Bank Loan, due April 30, 2014
 
$
6,354
 
$
13,872
 
Authority Loan No. 1, due September 1, 2015
 
 
681,276
 
 
741,788
 
Authority Loan No. 2, due August 1, 2018
 
 
718,389
 
 
750,000
 
Note payable due July 31, 2014
 
 
160,000
 
 
160,000
 
Note payable due July 31, 2014
 
 
160,000
 
 
160,000
 
Note payable due September 30, 2014
 
 
120,000
 
 
-
 
Note payable due September 30, 2014
 
 
120,000
 
 
-
 
Total notes payable
 
$
1,966,019
 
$
1,825,660
 
Less current portion
 
 
(949,765)
 
 
(711,266)
 
Long-term portion of notes payable
 
$
1,016,254
 
$
1,114,394
 
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
 
2015
 
$
949,765
 
2016
 
 
571,632
 
2017
 
 
151,899
 
2018
 
 
162,880
 
2019
 
 
129,843
 
Total
 
$
1,966,019