Annual report pursuant to section 13 and 15(d)

LONG-TERM DEBT (Tables)

v2.4.0.6
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
SCHEDULE OF LONG - TERM DEBT
    2012   2011
Note payable – related party   $ 1,122,915     $ 1,148,448  
Notes payable, net of debt discount - PTG     19,488,879       20,657,198  
      20,611,794       21,805,646  
Less: current portion     (2,360,930 )     (2,091,827 )
Total long-term debt   $ 18,250,864     $ 19,713,819  
SCHEDULE OF MATURITIES OF OUR LONG-TERM DEBT

 

Maturities as of:   Total
  2013     $ 2,360,930  
  2014       2,855,755  
  2015       3,474,639  
  2016       4,193,202  
  2017       5,379,440  
  Thereafter       3,617,038  
  Total long term debt     $ 21,881,004  
  Less: debt discount       (1,269,210 )
  Long-term debt, net of debt discount     $ 20,611,794