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Non-Competition Agreements
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

Note 4 - Non-Competition Agreements

 

Non-competition agreements consist of the following as of December 31, 2012 and 2011:

 

Non-competition agreements - net, at January 1, 2011   $ 420,000  
Amortization for the year ended December 31, 2011     (240,000 )
Non-competition agreements - net, at December 31, 2011   $ 180,000  
Amortization for the year ended December 31, 2012     (150,000 )
Non-competition agreements - net, at December 31, 2012   $ 30,000  

 

Amortization expense for the years ended December 31, 2012 and 2011 totaled $150,000 and $240,000, respectively.

 

Future amortization expense on these non-competition agreements will be $30,000 for the year ending December 31, 2013.