XML 42 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Disclosures; Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents information about the Company’s liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value:
 
 
 
Amount as of
 
 
 
 
 
 
 
 
 
 
Description
 
12/31/2013
 
Level 1
 
Level 2
 
Level 3
 
Interest Rate Swap
 
$
60,000
 
$
-
 
$
60,000
 
$
-
 
Warrant Liability
 
 
816,000
 
 
-
 
 
816,000
 
 
-
 
 
 
$
876,000
 
 
 
 
$
876,000
 
 
 
 
 
 
 
Amount as of
 
 
 
 
 
 
 
 
 
 
Description
 
12/31/2012
 
Level 1
 
Level 2
 
Level 3
 
Interest Rate Swap
 
$
128,000
 
$
-
 
$
128,000
 
$
-
 
Warrant Liability
 
 
721,000
 
 
-
 
 
721,000
 
 
-
 
 
 
$
849,000
 
 
 
 
$
849,000
 
 
 
 
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
Fair Values of Derivative Instruments in the Consolidated Balance Sheets
 
 
Liability Derivatives
 
As of December 31,
 
2013
 
2012
 
Derivatives not designated
as hedging instruments
under Statement 133
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
Interest Rate Contracts
 
Accrued Liabilities
 
$
60,000
 
Accrued Liabilities
 
$
128,000
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The Effect of Derivative Instruments on the Consolidated Statements of Operations
 
December 31,
 
2013
 
2012
 
Derivatives not Designated
as Hedging Instruments
under Statement 133
 
Location of
Gain
Recognized in
Income on
Derivative
 
Amount of Gain
Recognized in
Income on
Derivative
 
Location of
Gain
Recognized
in Income on
Derivative
 
Amount of
Gain
Recognized in
Income on
Derivative
 
Interest Rate Contracts
 
Interest Expense
 
$
(14,000)
 
Interest Expense
 
$
(67,000)
 
Interest on fixed/variable rate variances
 
 
 
$
82,000
 
 
 
$
80,000