DERIVATIVE INSTRUMENTS AND FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2013

DERIVATIVE INSTRUMENTS AND FAIR VALUE [Abstract]

Fair values of cash, accounts receivable, accounts payable and accrued expenses

At March 31, 2013 and December 31, 2012, the fair values of cash, accounts receivable, accounts payable and accrued expenses approximated their carrying values because of the short-term nature of these instruments.

	March 31, 2013
	Carrying Amount		Fair Value
Short-term borrowings and long-term debt	$	33,978,663	$	33,978,663

	December 31, 2012
	Carrying Amount		Fair Value
Short-term borrowings and long-term debt	$	27,760,437	$	27,760,437

Fair value of financial liabilities measured on a recurring basis

The following table presents the fair values of those financial liabilities measured on a recurring basis as of March 31, 2013 and December 31, 2012:

			Fair Value Measurements March 31, 2013
Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest Rate Swap, net	$	54,202		--	$	54,202		--
Total	$	54,202		--	$	54,202		--

			Fair Value Measurements December 31, 2012
Description	Total		Quoted Prices in Active Markets for Identical assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Interest Rate Swap, net	$	60,516		--	$	60,516		--
Total	$	60,516		--	$	60,516		--