Long-Term Debt

3 Months Ended

Mar. 31, 2012

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

5. Long-Term Debt

Maturities of long-term debt for succeeding years are as follows:

	March 31, 2012		December 31, 2011
Loan from Cole Taylor, payable in monthly installments of $12,300, plus interest at prime plus 2% with a balloon payment of approximately $2,210,300 in June 2016; secured by substantially all assets of Releta and MBC.	$	2,848,800	$	2,885,600
Loan from Cole Taylor, payable in monthly installments of $23,000 including interest at prime plus 1.5% with a balloon payment of approximately $552,600 in June 2016; secured by substantially all assets of Releta and MBC.		1,749,800		1,818,900
		4,598,600		4,704,500
Less current maturities		423,600		423,600
	$	4,175,000	$	4,280,900

Payments due during –
Nine months ending December 31,2012	$	317,700
Year ending December 31, 2013		423,600
Year ending December 31, 2014		423,600
Year ending December 31,2015		3,433,700
	$	4,598,600