DEFINED BENEFIT PLAN

9 Months Ended

Sep. 30, 2011

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Defined Benefit Plans Disclosures [Text Block]

14.    DEFINED BENEFIT PLAN

The following table sets forth the components of net periodic benefit costs for the defined benefit plan, prior to the adoption of the liquidation basis of accounting:

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2010			2010
Interest cost	$	123,900		$	371,701
Expected return on plan assets		(122,863	)		(368,590	)
Amortization of accumulated loss		72,872			218,615
Net periodic benefit cost	$	73,909		$	221,726

Termination of Defined Benefit Plan

On November 5, 2010, the Company notified plan participants of its intention to terminate the defined benefit plan in a standard termination with a proposed termination date of January 7, 2011. In order to terminate the plan and pay the distributions required, the plan must be fully funded. In the second quarter of 2011, the Company notified plan participants that the termination date of the plan would be May 31, 2011.

The plan was terminated on May 31, 2011 and final distributions were made to all participants.  In connection with the termination of the plan, during 2011 the Company funded a total of $3,320,932 to the plan ($230,000 in the quarter ended March 31, 2011 and $3,090,932 in the quarter ended June 30, 2011) and no further funding is required.