Derivative Instruments and Hedging Activity (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

	Number of Instruments				Notional
	December 31,		December 31,		December 31,		December 31,
Interest Rate Derivatives	2012		2011		2012		2011
Interest Rate Swap		3		1	$	47,601,978	$	23,150,078

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The table below presents the estimated fair value of the Company’s derivative financial instruments as well as their classification in the consolidated balance sheets.

	Liability Derivatives
	December 31, 2012			December 31, 2011
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedges:
Interest Rate Swaps	Other Liabilities	$	1,337,998	Other Liabilities	$	629,460

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below presents the effect of the Company’s derivative financial instruments in the consolidated statements of operations and other comprehensive loss for the years ended December 31, 2012 and 2011.

Derivatives in Cash Flow Hedging Relationships	Amount of Income/(Loss) Recognized in OCI on Derivative (Effective Portion)					Location of Income/(Loss) Reclassifed from Accumulated OCI into Income (Effective Portion)		Amount of Income/(Loss) Reclassified from Accumulated OCI into Expense (Effective Portion)						Location of Loss Recognized In Income of  Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing and Missed Forecasted Transactions)
	2012			2011				2012			2011				2012		2011
Interest rate swaps	$	(708,538	)	$	163,751		Interest Expense	$	(470,055	)	$	(470,703	)		$	-	$	-