XML 49 R21.htm IDEA: XBRL DOCUMENT v3.3.0.814
Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
 
The table below reflects all notes payable at September 30, 2015 and December 31, 2014, respectively, with the exception of related party notes disclosed in Note 8 - Notes Payable - Related Parties.
 
 
 
September 30,
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Authority Loan No. 1, due August 1, 2018
 
$
523,373
 
$
600,429
 
Authority Loan No. 2, due August 1, 2018
 
 
578,250
 
 
657,006
 
The $10,800 Taglich Brothers Note
 
 
10,800
 
 
10,800
 
Notes payable due December 31, 2015
 
 
349,272
 
 
347,795
 
Total notes payable
 
$
1,461,695
 
$
1,616,030
 
Less current portion
 
 
(600,072)
 
 
(1,071,708)
 
Long-term portion of notes payable
 
$
861,623
 
$
544,322
 
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 September 30,
 
Amount
 
2016
 
$
600,072
 
2017
 
 
354,768
 
2018
 
 
506,855
 
Total
 
$
1,461,695