NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2012

Notes Payable Disclosure [Abstract]

Schedule Of Notes Payable [Table Text Block]

Notes payable consists of the following as of June30,2012:

Promissory note payable secured by a first mortgage on the real property of the Company having a carrying value of $1,079,845at June30,2012, bearing interest at7.5% per annum, due in monthly interest only payments beginning on February22,2011, maturing on May22,2012, with balloon payment of principal and any accrued and unpaid interest.	$	1,053,993
Promissory note payable, unsecured, bearing interest at5% simple interest per annum, due in weekly principal and interest payments of $250,  maturing on March10,2015.		33,314
		1,087,307
Less amounts due within one year		1,065,615
Long-term portion of notes payable	$	21,692

Notes payable consists of the following as of December31,2011:

Promissory note payable secured by a first mortgage on the real property of the Company having a carrying value of $1,093,562at December31,2011, bearing interest at7.5% per annum, due in monthly interest only payments beginning on February22,2011, maturing on May22,2012, with balloon payment of principal and any accrued and unpaid interest.	$	1,053,993
Promissory note payable, unsecured, bearing interest at5% per annum, due in monthly principal and interest payments of $2000,  maturing on August31,2012.		33,314
		1,087,307
Less amounts due within one year		1,087,307
Long-term portion of notes payable	$	—

Schedule Of Principal Payments On Notes Payable [Table Text Block]

As of June 30, 2012, principal payments on the notes payable are as follows:

2012	$	1,060,493
2013		13,000
2014		13,000
2015		13,000
2016		816
Thereafter		—
	$	1,087,307