Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
Common stock
Additional paid-in Capital
Treasury stock
Retained Earnings
Non-controlling Interest
Total
Beginning balance at Dec. 31, 2010 $ 1,936 $ 42,699,533 $ (1,654,075) $ 6,164,927 $ 5,582,526 $ 52,794,847
Beginning balance (shares) at Dec. 31, 2010 19,364,276   1,356,595      
Issuance of share based compensation 66 (66)        
Issuance of share based compensation (in shares) 660,000          
Previously deferred share-based compensation recognized   413,871       413,871
Issuance of common stock 1 24,059       24,060
Issuance of common stock, Shares 6,000          
Distribution to non-controlling interest in consolidated joint venture         (8,189,702) (8,189,702)
Net income       1,864,471 7,936,751 9,801,222
Ending balance at Sep. 30, 2011 2,003 43,137,397 (1,654,075) 8,029,398 5,329,575 54,844,298
Ending balance (shares) at Sep. 30, 2011 20,030,276   1,356,595      
Beginning balance at Dec. 31, 2011 2,003 43,447,798 (1,654,075) 8,507,926 5,141,392 55,445,044
Beginning balance (shares) at Dec. 31, 2011 20,030,276   1,356,595      
Previously deferred share-based compensation recognized   931,203       931,203
Issuance of common stock 1 17,699       17,700
Issuance of common stock, Shares 6,000          
Distribution to non-controlling interest in consolidated joint venture         (3,587,051) (3,587,051)
Sale of interest in joint venture       1,735,513 (3,735,513) (2,000,000)
Net income       28,665,543 2,181,172 30,846,715
Ending balance at Sep. 30, 2012 $ 2,004 $ 44,396,700 $ (1,654,075) $ 38,908,982   $ 81,653,611
Ending balance (shares) at Sep. 30, 2012 20,036,276   1,356,595