Notes Payable (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

The balances of the Company's notes payable

The following table presents the balances of our notes payables as of the dates as indicated:

		March 31,			December 31,
	Maturity Date	2013			2012
Working Capital Loan	January 16, 2014	$	—		$	—
$6.94 Million Equipment Loan	February 22, 2016	4,576,496			4,931,781
$1.50 Million Equipment Loan	October 17, 2016	1,357,500			1,443,000
$4.25 Million Equipment Loan	September 19, 2016	4,152,000			4,250,000
$7.90 Million Installment Sale Contract	July 17, 2016	6,661,448			7,130,895
Total notes payable		16,747,444			17,755,676
Current portion of notes payable		(4,438,175		)	(4,219,720		)
Notes payable, less current portion		$	12,309,269		$	13,535,956

Schedule of payments of notes payable