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Investment in OC-BVI (Tables)
12 Months Ended
Dec. 31, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Condensed Financial Statements [Table Text Block]

Summarized financial information of OC-BVI is presented as follows:

 

    December 31,  
    2012     2011  
Current assets   $ 3,033,939     $ 2,726,046  
Non-current assets     6,730,121       7,436,845  
Total assets   $ 9,764,060     $ 10,162,891  

 

    December 31,  
    2012     2011  
Current liabilities   $ 937,965     $ 2,109,284  
Non-current liabilities     1,743,077       2,218,519  
Total liabilities   $ 2,681,042     $ 4,327,803
Investment [Table Text Block]

    Year Ended December 31,  
    2012     2011 (1)  
Revenues   $ 4,371,520     $ 3,925,108  
Gross Profit   $ 1,545,568     $ 1,453,878  
Income from operations   $ 496,755     $ 833,056  
Other income (expense), net (2)   $ 4,410,425     $ 1,123,310  
Net income attributable to controlling interests   $ 4,873,236     $ 1,926,597  

 

(1) The Company reclassed $1.0 million presented as revenues in 2011 to Other income - Court award – Baughers Bay dispute, to conform to the current year’s presentation.
  (2)

Other income (expense), net, includes income of $4,688,321 and $1,000,000 related to the Court award – Baughers Bay dispute, for the years ended December 31, 2012 and 2011, respectively.