3. Restricted Cash

12 Months Ended

Dec. 31, 2012

Cash and Cash Equivalents [Abstract]

Restricted Cash

3.  Restricted Cash:

Restricted cash includes restricted proceeds held by PGIP, LLC (“PGIP”), the Primary Lender, as collateral for debt repayment (see Note 14).

The restricted escrow funds balance was $5,000 at December 31, 2012 and December 31, 2011.