XML 39 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Obligations (Tables)
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Schedule of Long-term Obligations
At December 31, 2012 and 2011, long-term obligations consist of the following:
 
 
2012
 
2011
Mortgage note payable bearing interest at 7.75%, payable in monthly installments of $25,797 through April 2019, collateralized by land and building, and personally guaranteed by the Company’s CEO and Chairman of the Board of Directors
 
$
1,545,499

 
$
1,727,555

Less – current maturities
 
196,678

 
182,056

 
 
$
1,348,821

 
$
1,545,499

Schedule of Maturities of Long-term Debt
Long-term obligation payments payable in the next five years are as follows:
Year ended December 31,
 
2013
$
196,678

2014
212,474

2015
229,538

2016
247,973

2017
267,889

Thereafter
390,947

 
$
1,545,499