Long-term Debt

12 Months Ended

Dec. 31, 2011

Long-term Debt

10. Long-term Debt

All borrowings under the term debt agreements were fully repaid in 2011. During 2011 payments of $5,851 were made under capital lease obligations. In 2010 payments of $3,500,000 were made under a term note (fully repaid in February 2010 resulting in a $114, 072 loss on debt extinguishment), $500,000 were made on a promissory note and $59,185 were made on capital lease obligations.