Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Equity (Unaudited)

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Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)
Total
Common stock
Additional paid-in capital
Treasury Stock
Retained earnings (deficit)
Non-controlling Interest
Beginning balance at Dec. 31, 2009 $ 44,956,926 $ 1,936 $ 42,665,390 $ (1,654,075) $ (1,504,320) $ 5,447,995
Beginning balance, shares at Dec. 31, 2009   19,358,276   1,356,595    
Previously deferred share-based compensation recognized 16,683   16,683      
Issuance of common stock, shares   6,000        
Issuance of common stock 17,460   17,460      
Distribution to non-controlling interest in consolidated joint venture (4,774,514)         (4,774,514)
Net income 8,563,964       3,479,732 5,084,232
Ending balance at Jun. 30, 2010 48,780,519 1,936 42,699,533 (1,654,075) 1,975,412 5,757,713
Ending balance, shares at Jun. 30, 2010   19,364,276   1,356,595    
Beginning balance at Mar. 31, 2011 52,794,847 1,936 42,699,533 (1,654,075) 6,164,927 5,582,526
Beginning balance, shares at Mar. 31, 2011   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 103,470   103,470      
Issuance of common stock, shares   6,000        
Issuance of common stock 24,060 1 24,059      
Distribution to non-controlling interest in consolidated joint venture (5,515,700)         (5,515,700)
Net income 4,102,941       3,003,964 5,313,500
Ending balance at Jun. 30, 2011 $ 55,724,141 $ 2,003 $ 42,826,996 $ (1,654,075) $ 9,168,891 $ 5,380,326
Ending balance, shares at Jun. 30, 2011   20,030,276   1,356,595