Foreign Currencies

12 Months Ended

Dec. 31, 2011

Foreign Currencies

16. Foreign Currencies

As of December 31, 2011, the Company’s net investment that is subject to foreign currency fluctuations totaled $87,239 and the Company has recorded a cumulative foreign currency translation loss of $3,865, net of deferred income tax benefit. This cumulative translation loss is included in Accumulated Other Comprehensive Loss.