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PRINCIPAL BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
PRINCIPAL BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Fair values of cash, accounts receivable, accounts payable and accrued expenses
At December 31, 2012 and 2011, the fair values of cash, accounts receivable, accounts payable and accrued expenses approximated their carrying values because of the short-term nature of these instruments.


 
2012
2011
 
CarryingAmount
FairValue
CarryingAmount
FairValue
Debt
       
Short-term borrowings and long-term debt
$27,760,437
$27,760,437
$17,876,619
$17,876,619
Fair values of financial liabilities measured on recurring basis
The following tables presents the fair values of liabilities measured on a recurring basis as of December 31, 2012 and 2011:

   
Fair Value Measurements 2012
Description
Total
Quoted Prices
in Active
Markets for
Identical
assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Interest Rate Swap, net
 
$60,516
 
--
 
$60,516
 
--
Total
$60,516
--
$60,516
--

   
Fair Value Measurements 2011
Description
Total
Quoted Prices
in Active
Markets for
Identical
assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Interest Rate Swap, net
 
$ 32,988
 
--
 
$ 32,988
 
--
Total
$ 32,988
--
$ 32,988
--