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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following is a brief description of those levels:

  

  Level 1:    Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
     
  Level 2:    Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly.
    These include quoted prices for similar assets or liabilities in active markets or similar assets or liabilities in markets that are not active.
     
  Level 3:    Unobservable inputs that reflect the reporting entity's own assumptions.

 

Description   Carrying Value     Fair Value     Level 1     Level 2     Level 3  
                                         
  March 31, 2013                                        
                                         
Long-term debt   $ 2,818,486     $ 2,818,486       -     $ 2,818,486       -  
Note receivable     1,985,965       2,605,000       -       2,605,000       -  
Marketable securities (a)     224,000       224,000     $ 224,000       -       -  
                                         
  December 31, 2012                                        
                                         
Long-term debt   $ 3,030,943     $ 3,030,943       -     $ 3,030,943       -  
Note receivable     2,000,000       2,640,000       -       2,640,000       -  
Marketable securities (a)     206,000       206,000     $ 206,000       -       -  

 

(a) Representing assets of the Company's Supplemental Executive Retirement Plan(trading securities). Presented within Other Assets in the condensed consolidated balance sheets.