Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity (Unaudited)

v2.4.0.6
Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)
Total
Common stock
Additional paid-in capital
Treasury Stock
Retained Earnings
Non-controlling Interest
Beginning balance at Dec. 31, 2010 $ 52,794,847 $ 1,936 $ 42,699,533 $ (1,654,075) $ 6,164,927 $ 5,582,526
Beginning balance, shares at Dec. 31, 2010   19,364,276   1,356,595    
Distribution to non-controlling interest in consolidated joint venture (2,436,950)         (2,436,950)
Net income 4,214,523       1,607,444 2,607,079
Ending balance at Mar. 31, 2011 54,572,420 1,936 42,699,533 (1,654,075) 7,772,371 5,752,655
Ending balance, shares at Mar. 31, 2011   19,364,276   1,356,595    
Beginning balance at Dec. 31, 2011 55,445,044 2,003 43,447,798 (1,654,075) 8,507,926 5,141,392
Beginning balance, shares at Dec. 31, 2011   20,030,276   1,356,595    
Previously deferred share-based compensation recognized 310,401   310,401      
Distribution to non-controlling interest in consolidated joint venture (3,587,051)         (3,587,051)
Sale of interest in joint venture (2,000,000)       1,735,513 (3,735,513)
Net income 28,029,505       25,848,333 2,181,172
Ending balance at Mar. 31, 2012 $ 78,197,899 $ 2,003 $ 43,758,199 $ (1,654,075) $ 36,091,772  
Ending balance, shares at Mar. 31, 2012   20,030,276   1,356,595