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DERIVATIVE INSTRUMENTS (Details Textuals) (USD $)
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3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | |||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Mar. 30, 2012
Interest rate swap
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Mar. 31, 2012
Interest rate swap
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Jan. 31, 2011
Interest rate swap
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| Derivative [Line Items] | |||||||
| Outstanding balance | $ 33,000,000 | ||||||
| Underlying notional amount | 20,000,000 | ||||||
| Type of Interest Rate Paid on Swap | Variable interest rates | ||||||
| Due on the swap related to credit agreement | 500,000 | ||||||
| Hedged portion of the debt | 18,000,000 | ||||||
| Interest on hedged portion | 8.56% | ||||||
| Non hedged portion of the debt | 13,000,000 | ||||||
| Interest on the non hedged portion | 7.00% | ||||||
| Weighted average cash interest paid | 8.16% | ||||||
| Interest expense | $ 71,806 | $ 887,482 | $ 804,956 | $ 2,015,961 | $ 70,000 | ||
| X | ||||||||||
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- Definition
This element represents non hedged portion of the debt. No definition available.
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| X | ||||||||||
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- Definition
This element represents due on the Swap related to credit agreement. No definition available.
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| X | ||||||||||
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- Definition
This element represents weighted average cash in interest rate derivative. No definition available.
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| X | ||||||||||
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- Definition
When the derivative or group of derivatives presented is a swap, the type of interest rate (fixed, variable, stepped, etc.) paid on the swap. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of the hedged item as of the balance sheet date related to the derivative. For example, the hedged balance on a debt instrument. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Fixed interest rate that will be received or paid upon exercise of the interest rate swaption contract. No definition available.
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| X | ||||||||||
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate notional amount of price risk derivatives, which relates to the monetary amount specified in the price risk derivative instruments. Excludes notional amounts on derivatives expressed in nonmonetary units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Percentage of an entity's outstanding debt that is designated as a hedged item in cash flow, fair value, or net investment hedge. No definition available.
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