Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2013

For the period [Abstract]

Secured and Unsecured portion of Debt

		December 31, 2012		June 30, 2013
Secured bank debt	$	202,250,000	$	190,900,000
Unsecured bank debt		14,000,000		12,000,000
Total	$	216,250,000	$	202,900,000

Current and Non-current portion of Debt

Presented as follows:
Current portion of long-term debt	$	22,700,000	$	22,700,000
Current portion of loan due to a related party		14,000,000		12,000,000
Long-term debt		179,550,000		168,200,000
Total	$	216,250,000	$	202,900,000

Minimum annual principal payments

For the period:
July 1, 2013 – June 30, 2014	$	34,700,000
July 1, 2014 – June 30, 2015		22,700,000
July 1, 2015 – June 30, 2016		28,950,000
July 1, 2016 – June 30, 2017		104,700,000
July 1, 2017 – June 30, 2018		3,200,000
Thereafter		8,650,000
Total	$	202,900,000