Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt

Schedule of long-term notes payable

	March 31, 2013		December 31, 2012
Note payable to bank, with interest at 3.46%, payable in monthly principal installments of $72,917 plus interest through March 28, 2016, collateralized by all the assets of the Company except the Dansensor stock.	$	2,697,913	$	2,916,664
Seller financed note payable (Seller Note), with interest at 3.46%, payable in semi-annual payments of principal and interest totaling $891,000 beginning October 2, 2012 through April 2, 2015, collateralized by 65% of the outstanding stock of Dansensor.	3,409,887		3,517,067
Capital leases	54,288		59,286
Total long-term notes payable	$	6,162,088	$	6,493,017
Less current portion of long-term notes payable	2,511,471		2,566,154
Total long-term notes payable	$	3,650,617	$	3,926,863

Schedule of future minimum principal payments of the long term notes payable

2013	$	2,511,471
2014	2,572,614
2015	989,572
2016	87,015
2017	1,416
Total	$	6,162,088