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Derivative Instruments; Fair Value (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables represents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value:
 
 
 
Amount as of
 
 
 
 
 
 
 
Description
 
6/30/2015
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
Warrant Liability
 
$
506,000
 
 
-
 
$
506,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
506,000
 
$
-
 
$
506,000
 
$
-
 
 
 
 
Amount as of
 
 
 
 
 
 
 
Description
 
12/31/2014
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrant Liability
 
$
525,000
 
 
-
 
$
525,000
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
525,000
 
 
 
 
$
525,000
 
 
 
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The Effect of Derivative Instruments on the Statement of Financial Performance
 
 
 
For the three months ended
 
 
 
June 30, 2015
 
June 30, 2014
 
 
 
Location of
 
Amount of
 
Location of
 
Amount of
 
 
 
Gain (Loss)
 
Gain (Loss)
 
Gain (Loss)
 
Gain (Loss)
 
 
 
Recognized
 
Recognized
 
Recognized in
 
Recognized in
 
Derivatives not Designated as Hedging
 
in Income on
 
in Income on
 
Income on
 
Income on
 
Instruments under Statement 133
 
Derivative
 
Derivative
 
Derivative
 
Derivative
 
Interest Rate Contracts
 
Interest Expense
 
$
-
 
Interest Expense
 
$
1,000
 
Interest on fixed/variable rate variances
 
 
 
$
-
 
 
 
 
$
21,000
 
 
The Effect of Derivative Instruments on the Statement of Financial Performance
 
 
 
For the six months ended
 
 
 
June 30, 2015
 
June 30, 2014
 
 
 
Location of
 
Amount of
 
Location of
 
Amount of
 
 
 
Gain (Loss)
 
Gain (Loss)
 
Gain (Loss)
 
Gain (Loss)
 
 
 
Recognized
 
Recognized
 
Recognized in
 
Recognized in
 
Derivatives not Designated as Hedging
 
in Income on
 
in Income on
 
Income on
 
Income on
 
Instruments under Statement 133
 
Derivative
 
Derivative
 
Derivative
 
Derivative
 
Interest Rate Contracts
 
Interest Expense
 
$
-
 
Interest Expense
 
$
3,000
 
Interest on fixed/variable rate variances
 
 
 
$
-
 
 
 
 
$
42,000