XML 46 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.6

5 - LONG-TERM DEBT FROM RELATED PARTY | 12 Months Ended
--- | ---
Dec. 31, 2012
Debt Disclosure [Text Block] | 5 - LONG-TERM DEBT FROM RELATED PARTY Long-term debt consists of the following:
|  | December 31, |
|  | 2012 |  |  | 2011 |
Secured credit facility from related party |  | $ | 1,500,000 |  |  | $ | 1,500,000 |
Less current portion |  |  | (1,500,000 | ) |  |  | - |
Long-term debt, less current portion |  | $ | - |  |  | $ | 1,500,000 |
On April 21, 2008 we entered into a $3,000,000 credit facility, collateralized by real property, from K.S. Best International Ltd. (see Note 6). The original maturity was April 21, 2011, but on March 7, 2011, was extended to June 30, 2013. Credit is available at the rate of Prime + 0.25% per annum with the entire principal amount outstanding due at maturity.

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration