Debt (Tables)

9 Months Ended

Sep. 30, 2013

Debt

Schedule of long-term notes payable

	September 30, 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.	$	2,260,411	$	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.	2,747,445		3,517,067
Capital leases	50,550		59,286
Total long-term notes payable	$	5,058,406	$	6,493,017
Less current portion of long-term notes payable	2,624,889		2,566,154
Total long-term notes payable	$	2,433,517	$	3,926,863

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

2013	$	1,087,860
2014	2,666,060
2015	995,453
2016	306,119
2017	2,914
Total	$	5,058,406