Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v2.4.0.6
Consolidated Statements of Stockholders' Equity (USD $)
Total
Common stock
Additional paid-in capital
Treasury Stock
Retained earnings
Noncontrolling interest
Beginning balances at Dec. 31, 2009 $ 44,956,926 $ 1,936 $ 42,665,390 $ (1,654,075) $ (1,504,320) $ 5,447,995
Beginning balances, shares at Dec. 31, 2009   19,358,276   1,356,595    
Previously deferred share-based compensation recognized 16,683   16,683      
Issuances of common stock, shares   6,000        
Issuances of common stock 17,460   17,460      
Distribution to non-controlling interest in consolidated joint venture (10,058,213)         (10,058,213)
Net income 17,861,991       7,669,247 10,192,744
Ending balances at Dec. 31, 2010 52,794,847 1,936 42,699,533 (1,654,075) 6,164,927 5,582,526
Ending balances, shares at Dec. 31, 2010   19,364,276   1,356,595    
Issuance of share based compensation, shares   660,000        
Issuance of share based compensation   66 (66)      
Previously deferred share-based compensation recognized 724,272   724,272      
Issuances of common stock, shares   6,000        
Issuances of common stock 24,060 1 24,059      
Distribution to non-controlling interest in consolidated joint venture (10,688,157)         (10,688,157)
Net income 12,590,022       2,342,999 10,247,023
Ending balances at Dec. 31, 2011 $ 55,445,044 $ 2,003 $ 43,447,798 $ (1,654,075) $ 8,507,926 $ 5,141,392
Ending balances, shares at Dec. 31, 2011   20,030,276   1,356,595