Foreign Currencies

3 Months Ended

Mar. 31, 2013

Foreign Currencies

7. Foreign Currencies

As of March 31, 2013, the Company’s net investment that is subject to foreign currency fluctuations totaled $92,375 and the Company has recorded a cumulative foreign currency translation loss of $2,392, net of deferred income tax benefit. This cumulative translation loss is included in and is the only component of Accumulated Other Comprehensive Loss. There were no amounts reclassified to net income during the three months ended March 31, 2013.