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Related Party Cost Reductions (Tables)
12 Months Ended
Dec. 31, 2012
Impact of Related Party Cost Reductions Implemented

Presented below is a comparison of the impact of related party cost reductions for the first half of 2012 compared to the second half of 2012:

 

     Six-Months Ended:         
     06/30/12      12/31/12      Reduction  

Fees payable in cash:

        

Operator fees

   $ 138,000       $ 108,000       $ 30,000   

Consulting fees

     30,000         —           30,000   

Fees payable in shares of common stock:

        

Director fees

     60,000         3,615         56,385   

Consulting fees

     90,000         —           90,000   
  

 

 

    

 

 

    

 

 

 
   $ 318,000       $ 111,615       $ 206,385