Note 8 - Debt

3 Months Ended

Mar. 31, 2013

Summary Debt Disclosure [Text Block]

8. Debt

The Company has 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	$	62,293,683
Thereafter		17,706
		62,311,389
Discount – Victory Park (see Note 7)		(4,030,959	)
	$	58,280,430

Presentation on Balance Sheet:

	March 31, 2012		December 31, 2012
Notes payable – Levys: short-term (see Note 6)	$	14,437,518	$	14,437,518
Notes payable – Victory Park: net of discount of $4,030,959 at March 31, 2013 and $5,894,361 at December 31, 2012 (see Note 7)		43,785,648		41,922,248
Capital lease – short-term		39,558		38,566
Capital lease – long-term		17,706		27,975
	$	58,280,430	$	56,426,307