Notes Payable (Tables)

6 Months Ended

Jun. 30, 2014

The table below reflects all notes payable at June 30, 2014 and December 31, 2013, respectively, with the exception of related party notes disclosed in Note 8 - Notes Payable - Related Parties.

	June 30,		December 31,
	2014		2013
Bank Loan, due April 30, 2014	$	-	$	13,872
Authority Loan No. 1, due September 1, 2015		640,429		741,788
Authority Loan No. 2, due August 1, 2018		697,006		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		175,000		-
Note payable due September 30, 2014		175,000		-
Note payable due December 31, 2015		450,000		-
Total notes payable	$	2,457,435	$	1,825,660
Less current portion		(846,000)		(711,266)
Long-term portion of notes payable	$	1,611,435	$	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 June 30,	Amount
2015	$	846,000
2016		1,138,929
2017		149,884
2018		160,718
2019		161,904
Total	$	2,457,435