DEBT (Tables)

12 Months Ended

Dec. 31, 2012

DEBT

Summary of long-term debt

	At December 31,
	2012			2011
Long-term debt of the Company consists of:
Crownpoint property	$	450,000		$	450,000
Capital leases		129,722			119,232
		579,722			569,232
Less—Current portion		(112,140	)		(65,161	)
Total long-term debt	$	467,582		$	504,071

Schedule of maturities of long-term debt and capital leases

For the Twelve Months Ended:	Long-Term Debt		Capital Leases
December 31, 2013	$	—	$	119,145
December 31, 2014		—		24,153
December 31, 2015		—		4,579
December 31, 2016		—		—
December 31, 2017 and beyond		450,000		—
Totals	$	450,000	$	147,877
Less amounts representing imputed interest				(18,155	)
Present value of future payments			$	129,722