FINANCING OBLIGATIONS (Detail Textuals 1) (Revolving credit facility (the "Credit Facility"))

9 Months Ended

Sep. 30, 2013

Line of Credit Facility [Line Items]

Additional interest rate per annum in case of default

2.00%

Description of reference rate

Interest on borrowings pursuant to the Credit Facility is payable monthly at the LIBOR Rate plus between 1.50% and 2.50% per annum, depending on the Company’s Senior Leverage Ratio (as defined in the Credit Facility). In an event of default, the Bank has the right to charge interest at the otherwise applicable rate plus 2.00% per annum. The facility carries a quarterly commitment fee calculated based upon average daily undrawn availability under the Credit Facility multiplied by an applicable percentage ranging between 0.25% and 0.50% per annum depending on the Company’s Senior Leverage Ratio (as defined in the Credit Facility).

Base Rate | Minimum

Line of Credit Facility [Line Items]

Credit facilities applicable interest rate

0.25%

Base Rate | Maximum

Line of Credit Facility [Line Items]

Credit facilities applicable interest rate

0.50%

LIBOR Rate | Minimum

Line of Credit Facility [Line Items]

Credit facilities applicable interest rate

1.50%

LIBOR Rate | Maximum

Line of Credit Facility [Line Items]

Credit facilities applicable interest rate

2.50%