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, Shares 660,000               
Issuance of share based compensation 66 (66)            
Previously deferred share-based compensation recognized    103,470          103,470
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             (5,515,700) (5,515,700)
Sale of interest in joint venture                  
Net income          3,003,964 5,313,500 8,317,464
Ending balance at Jun. 30, 2011 20,030,276 42,826,996 (1,654,075) 9,168,891 5,380,326 55,724,141
Ending balance (shares) at Jun. 30, 2011 2,003    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         
Issuance of share based compensation, Shares                  
Issuance of share based compensation                  
Previously deferred share-based compensation recognized    620,802          620,802
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          26,580,812   28,761,984
Ending balance at Jun. 30, 2012 $ 2,004 $ 44,086,299 $ (1,654,075) $ 36,824,251 $ 2,181,172 $ 79,258,479
Ending balance (shares) at Jun. 30, 2012 20,036,276    1,356,595