DEBT (Tables)

12 Months Ended

Dec. 31, 2013

DEBT

Schedule of components of notes payable

Notes payable consists of the following at December 31:

	2013			2012
Notes payable to commercial banks
Four outstanding notes payable as of 12/31/2013 with interest between 3.50% and 4.60%, due in monthly installments between $128,363 and $215,863 plus interest; collateralized by equipment	$	14,416,225		$	24,553,291
Notes payable to finance companies for insurance
Two outstanding notes payable as of 12/31/2013 with interest between 4.00% and 4.95%, due in monthly installments between $18,831 and $329,823 including interest	501,766			474,586
	$	14,917,991		$	25,027,877
Less current maturities	(8,434,879		)	(10,615,279		)
	$	6,483,112		$	14,412,598

Schedule of annual maturities of notes payable

Aggregate annual maturities of notes payable at December 31, 2013 are as follows:

Year Ending
December 31,
2014	$	8,434,879
2015	$	4,814,389
2016	$	1,540,360
2017	$	128,363
2018	$	—
	$	14,917,991