XML 39 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Commitments [Table Text Block]
Future minimum lease commitments for these facilities and other operating leases are as follows:

 

Year Ended December 31,      
2013   $ 731,965  
2014     392,471  
2015     241,763  
2016     192,126  
2017     45,600  
         
Total   $ 1,603,925  
Schedule of Capital Leased Asssets [Table Text Block]

The Company has entered into capital leases for five water transport units (each unit includes one truck and one trailer), which have been included in Property and Equipment (Note 5) and are summarized in the table below:

 

Capitalized Trucks   $ 218,807  
Capitalized Trailers     236,286  
Total Capital Leases     455,093  
Less: Accumulated Depreciation     (148,396 )
Net Assets Under Capital Leases   $ 306,697  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The following is a summary of the future minimum lease payments related to capital leases, together with the present value of the net minimum lease payments as of December 31, 2012:

 

Year Ended December 31,   Minimum Lease
Payments
 
2013     63,484  
2014     -  
Total minimum lease payments     63,484  
Less: Interest     (1,176 )
Net minimum lease payments     62,308  
Less: Current portion     (62,308 )
Long-term portion of net minimum lease payments   $ -