SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Financial Assets and Liabilities at Fair Value on a Recurring Basis [Table Text Block]

		Total		Level 1		Level 2		Level 3
December 31, 2011
Liabilities:
Derivative contract – interest rate swap contract	$	(54,896	)	–	$	(54,896	)	–

Schedule of Financial Assets and Liabilities at Fair Value on a Non-Recurring Basis [Table Text Block]

		Total		Level 1	Level 2		Level 3
December 31, 2011
Liabilities:
Asset retirement obligation	$	(2,934,979	)	–	–	$	(2,934,979	)