Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE PAYABLE (Tables)

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CAPITAL LEASE PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2012
Capital Lease Obligations [Abstract]  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Capital leases payable at September 30, 2012 and December 31, 2011 is associated with the South African Operations and consists of the following.

 

    September 30,     December 31,  
    2012     2011  
             
Capital lease payable, due in 49 monthly installments of $1,081, including interest at 10%, through April 2016   $ 43,284     $ 46,149  
                 
Capital lease payable, due in 32 monthly insallments of $800 including interest at 10%, through November 2014     19,192       24,186  
                 
Capital lease payable, due in 14 monthly installments of $1,470, including interest at 10%, through May 2013     11,678       23,211  
                 
Capital lease payable, due in 36 monthly installments of $1,022, including interest at 10%, through February 2015     29,858       33,897  
Total capital leases payable     104,012       127,443  
Current maturities     36,467       41,590  
Capital leases payable, less current maturities   $ 67,545     $ 85,853