XML 51 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
LONG TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
 
The components of the Company’s outstanding long-term debt as of December 31, 2013 are as follows:
 
MBF Merchant Capital LLC
 
$
5,000,584
 
RBL Capital Group, LLC
 
 
2,565,306
 
Capital Sources
 
 
2,300,000
 
Georgia Notes, LLC
 
 
11,098,066
 
Other
 
 
107,668
 
Subtotal
 
$
21,071,624
 
Less: Current Portion
 
 
(3,816,093)
 
Long Term Debt
 
$
17,255,531
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Scheduled principal repayments on all debt, including Georgia Notes, LLC as of December 31, 2013 are as follows:
  
2014
 
$
3,816,093
 
2015
 
 
2,411,407
 
2016
 
 
3,746,058
 
2017
 
 
13,268,000
 
Subtotal
 
$
23,241,558
 
Less: Unamortized debt discount
 
 
(2,169,934)
 
Balance as of December 31, 2013
 
$
21,071,624