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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Schedule of Intangible Assets and Goodwill [Table Text Block]
 

 

  September 30, 2014     December 31, 2013  
 

 

  Gross Carrying     Accumulated     Net     Gross Carrying     Accumulated     Net  
 

 

  Amount     Amortization     Balance     Amount     Amortization     Balance  
 

Charter / Cooperation agreements

$ 2,755,821   $ (574,133 ) $ 2,181,688   $ 2,755,821   $ (470,789 ) $ 2,285,032  
 

Non-compete agreement

  -     -     -     3,637,512     (3,637,512 )   -  
 

Software and licenses

  275,901     (235,408 )   40,493     282,399     (200,833 )   81,566  
 

Website development

  359,284     (329,336 )   29,948     361,919     (241,280 )   120,639  
 

Total indefinite lived intangible assets

$ 3,391,006   $ (1,138,877 ) $ 2,252,129   $ 7,037,651   $ (4,550,414 ) $ 2,487,237  
Amortization Expense [Table Text Block]
 

 

  Amortization  
 

 

  to be  
 

Years Ending December 31,

  Recognized  
 

2014 (3 months)

$ 69,081  
 

2015

  156,529  
 

2016

  154,655  
 

2017

  137,997  
 

2018

  137,791  
 

2019

  137,791  
 

Thereafter

  1,458,285  
 

Total amortization to be recognized

$ 2,252,129