Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

12.           Related Party Transactions

ConGlobal Industries, Inc. is a minority stockholder of the Company and provides containers and labor on domestic projects.  The Company recognized Cost of Goods Sold of $277,276 and $211,544, for services ConGlobal Industries, Inc. rendered during the three months ended June 30, 2012 and 2011, respectively. The Company recognized Cost of Goods Sold of $564,571 and $664,148, for services ConGlobal Industries, Inc. rendered during the six months ended June 30, 2012 and 2011, respectively.

As of June 30, 2012 and December 31, 2011, $1,750 and $12,628, respectively, of such expenses are included in related party accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.

The Lawrence Group is a minority stockholder of the Company and is a building design, development and project delivery firm. For the year ended December 31, 2011, $67,782 of pre-project expenses were included in related party accounts payable and accrued expenses in the accompanying condensed consolidated balance sheet. On April 24, 2012, this amount was converted into 40,000 shares of the Company’s Common Stock.

The Company has accrued certain reimbursable expenses of owners of the Company. Such expenses amounted to $1,018 and $6,474 for the six months ended June 30, 2012 and for the year ended December 31, 2011, respectively, and are included in related party accounts payable and accrued expenses in the accompanying condensed consolidated balance sheets.