Quarterly report pursuant to sections 13 or 15(d)

LONG-TERM DEBT (Tables)

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LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]  
SCHEDULE OF LONG - TERM DEBT
    June 30, 2012   December 31, 2011
Note payable - commercial bank   $ 1,135,918     $ 1,148,448  
Notes payable, net of debt discount - asset acquisition     19,927,860       20,722,158  
      21,063,778       21,870,606  
Less: Current portion     (2,071,080 )     (1,835,240 )
    $ 18,992,698     $ 20,035,366  
SCHEDULE OF MATURITIES OF OUR LONG-TERM DEBT
Maturities as of June 30,   Total
  2014       2,579,776  
  2015       3,157,689  
  2016       3,824,097  
  2017       5,279,242  
  Thereafter       5,525,420  
  Total long-term debt       20,366,224  
  Less: debt discount       (1,373,526 )
  Long-term debt, net of debt discount     $ 18,992,698