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Frascati Shops, Inc and Tower, LLC Acquisition (Details) (Frascati Shops, Inc. and Tower, LLC [Member], USD $)
1 Months Ended
Aug. 31, 2012
Aug. 06, 2012
Frascati Shops, Inc. and Tower, LLC [Member]
   
Business Acquisition [Line Items]    
Amount of total consideration   $ 4,500,000
Cash payment included in purchase price   623,000
Business combination cost of acquisition legal fees 40,000  
Summary of the amounts recognized for assets acquired and liabilities assumed [Abstract]    
Working Capital including Cash Acquired   18,000
Inventory   231,000
Property, Plant, & Equipment   3,411,000
Identifiable Intangible Assets   490,000
Total Assets Acquired   4,150,000
Miscellaneous Accounts Payable   (383,000)
Long-term Debt   (3,490,000)
Deferred Tax Liability   (400,000)
Total Liabilities Assumed   (4,273,000)
Net Liabilities Assumed   (123,000)
Total Consideration Transferred   (623,000)
Goodwill   $ 746,000 [1]
[1] Goodwill is the sum of the consideration transferred and the net liabilities assumed and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Our above-described goodwill will not be amortized nor do we expect it to be deductible for tax purposes. Specifically, the goodwill recorded as part of the acquisition of FSI and Tower includes the following: ·the expected synergies and other benefits that we believe will result from combining the operations of FSI and Tower with our existing Rail-Ferry operations. ·any intangible assets that do not qualify for separate recognition, including an assembled workforce of the acquired companies, and ·the anticipated higher rate of return of FSI and Tower's existing businesses as going concerns compared to the anticipated rate of return if we had acquired all of the net assets separately).