Short-Term Loans (Tables)

3 Months Ended

Mar. 31, 2013

Short-Term Loans Tables

Short-term loans

Short-term loans are due to various financial institutions which are normally due within one year. As of March 31, 2013 and December 31, 2012, the Company's short term loans consisted of the following:

	March 31,		December 31,
	2013		2012
	(Unaudited)
M&T Bank line of credit for up to $3.0 million is collateralized by real property, a certificate of deposit, and guarantees of Portables Unlimited, Inc. (the 49.9% owner of Portables); at 1 month LIBOR plus 3.00%.	$	2,488,424	$	2,994,999
SKAVYNIA HOLDINGS LTD		525,000		525,000
M&T Bank Short Term Portion of $2.5 million loan at 1-month LIBOR plus 3.50% due in 4 years from February 5, 2013, amortizing monthly.		587,172		-
Total	$	3,600,596	$	3,519,999