Note I - Debt

3 Months Ended

Mar. 31, 2012

Summary Debt Disclosure [Text Block]

NOTE I - DEBT

We have short-term and long-term debt outstanding to Victory Park and the Levys, as well as a capital lease.

Aggregate maturities of all outstanding debt at March 31 were as follows:

	March 31,
2013	$	38,804,106
2014		14,027,076
2015		17,705
Thereafter		--
		52,848,887
Discount – Victory Park (see Note H)		(3,128,980	)
	$	49,719,907

Presentation on Balance Sheet:

	March 31, 2012		December 31, 2011
Notes payable – Levys: long-term (see Note G)	$	13,987,518	$	13,987,518
Notes payable – Levys: short-term (see Note G)		750,000		750,000
Notes payable – Victory Park: net of discount of $3,128,980 at March 31, 2012 (short-term) and $3,945,124 at December 31, 2011(long-term) (see Note H)		34,889,770		34,073,626
Capital lease payable– short-term		35,356		--
Capital lease payable– long-term		57,263		--
	$	49,719,907	$	48,811,144