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2012, 2011 and 2010 Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

Note 16.  2012, 2011 and 2010 Quarterly Results of Operations (Unaudited)

 

Consolidated Statement of Operations

 (Unaudited)

  Three Months
ended
March 31,
    Three Months
ended
June 30,
    Three Months
ended
September 30,
    Three Months
ended
December 31,
 
2012                                
                                 
Revenues, net of commissions   $ 52,616,400     $ 48,537,233     $ 46,854,671     $ 42,802,955  
Total Operating Expenses     60,118,356       59,605,359       54,718,097       53,587,700  
Operating Loss     (7,501,956 )     (11,068,126 )     (7,863,426 )     (10,784,745 )
Net Loss     (17,433,529 )     (23,106,239 )     (29,837,360 )     (32,423,775 )
                                 
Basic Net Loss Per Share*     (1.11 )     (1.46 )     (1.77 )     (1.92 )
Diluted Net Loss Per Share*     (1.11 )     (1.46 )     (1.77 )     (1.92 )

 

2011                                
                                 
Revenues, net of commissions   $ 86,692,775     $ 76,405,388     $ 80,323,369     $ 70,010,899  
Total Operating Expenses     82,274,862       66,123,996       72,507,439       60,857,843  
Operating Income     4,417,913       10,281,392       7,815,930       9,153,056  
Net Loss     (5,810,281 )     (1,438,278 )     (5,872,211 )     (1,698,979 )
                                 
Basic Net Loss Per Share*     (0.37 )     (0.09 )     (0.37 )     (0.11 )
Diluted Net Loss Per Share*     (0.37 )     (0.09 )     (0.37 )     (0.11 )
                                 
2010                                
                                 
Revenues, net of commissions   $ 54,243,725     $ 65,612,840     $ 72,825,583     $ 72,353,918  
Total Operating Expenses     38,556,526       42,069,392       51,248,337       57,502,627  
Operating Income     15,687,199       23,543,448       21,577,246       14,851,291  
Net Income     4,573,634       11,011,921       8,226,153       3,032,942  
                                 
Basic Net Income Per Share*     0.29       0.71       0.53       0.19  
Diluted Net Income Per Share*     0.29       0.71       0.53       0.19  

*Adjusted to give effect to the 1 for 4 reverse stock split that became effective on May 22, 2012, see Note 11.