Line of Credit and Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Our Line of Credit and Debt consisted of the following as of September 30, 2014 and December 31, 2013:

	September 30, 2014		December 31, 2013
Imperium Line of Credit:
Interest payable in arrears for the preceding calendar month on the first day of each calendar month at a rate of 8% per annum plus “PIK” interest at a 2% per annum.
Unused line fee equal to 2% of the maximum amount available under the line, less the aggregate amounts outstanding to Imperium, payable on the first day of each calendar month.
Collateral Monitoring Fee of $2,500 due on the first day of each month.
Success fee of $175,000 if Imperium terminates due to an event of default, or if we terminate and pre-pay all amounts due to Imperium prior to the stated expiration date of January 16, 2016.
	$	975,000	$	1,180,000
First Niagara:
Mortgage payable in equal monthly installments of $13,000 including interest at 8.25% through March 1, 2017 (“Maturity”), collateralized by the building, land and personal property		379,000		452,000
Debenture financing:
$523,000 in principal amount of Series A Debentures; interest at 15% per annum from August 1, 2013 through February 1, 2015, payable quarterly; maturity date of February 1, 2015		523,000		634,000
Bridge Loan with Cantone Asset Management, LLC:
Interest rate of 15% payable upon loan maturity; maturity date of February 1, 2015.		200,000		200,000
Total debt		2,077,000		2,466,000
Less debt discount (Debentures and Line of Credit financings)		(121,000)		(253,000)
Total debt	$	1,956,000	$	2,213,000