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Long-Term Debt And Credit Facilities (Tables)
6 Months Ended
Jun. 30, 2012
Long-Term Debt And Credit Facilities [Abstract]  
Schedule Of Long-Term Debt Outstanding

 

June 30, 2012

 

December 31, 2011

 

Carrying

Estimated

 

Carrying

Estimated

 

Amount

Fair Value

 

Amount

Fair Value

 

 

 

 

 

 

Revolving line of credit, due March 2013

$    8,000,000

$      8,119,966

 

$      15,290,510

$      15,371,063

Term note, due December 2013

         6,000,000

           6,000,000

 

         8,000,000

         8,000,000

Cowen debt

14,075,189

14,075,189

15,173,342

15,173,342

Subordinated convertible debentures

         1,053,551

           1,053,551

 

-          

-            

Total debt

       29,128,740

         29,248,706

 

         38,463,852

         38,544,405

Less current maturities

     (13,891,182)

       (14,011,148)

 

       (21,173,321)

       (21,253,874)

Total long term debt

$    15,237,558

$      15,237,558

 

 $        17,290,531

 $        17,290,531