Long-term liabilities

12 Months Ended

Dec. 31, 2011

Long-Term Liabilities [Abstract]

Other Liabilities Disclosure [Text Block]

LONG-TERM LIABILITIES

Capital Lease Obligations

The Company is obligated under various capital leases for equipment, which expire at various dates through April 2015. As of December 31, 2011 the assets capitalized under these leases cost approximately $50,000, and have associated accumulated depreciation of approximately $13,800. As of December 31, 2010, the assets capitalized under these leases cost approximately $19,500, and have associated accumulated depreciation of approximately $1,600.

Minimum future lease payments under capital lease obligations as of December 31, 2011 are as follows:

Year Ended December 31,
2012	$	14,870
2013	12,160
2014	8,360
2015	2,780
Total future minimum lease payments	38,170
Less amount representing interest	3,370
Present value of net minimum lease payments	34,800
Less current portion	13,800
	$	21,000