Related Party Transactions

3 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

3. Related Party Transactions

The Company utilizes subcontract labor purchased from St. Lawrence Industrial Services, Inc., which is owned by a director of the Company. The costs for these services amounted to approximately $2,067,000 and $1,760,000 for the nine months ended September 30, 2012 and 2011. At September 30, 2012, the Company had a payable to St. Lawrence of approximately $64,000 which is included in accounts payable. At September 30, 2011, the Company had a payable to St. Lawrence of approximately $49,000.

Additionally, the Company has entered into Secured Loan Agreements with members of management as discussed in Note 6 below.