Acquisition (Tables)

6 Months Ended

Jun. 30, 2011

Acquisitions

Purchase consideration

Purchase consideration:
	Cash		$	2,173,080
	Fair value of shares of common stock issued			1,224,126
	Fair value of stock options issued and warrants			16,302
		Fair value of consideration transferred		3,413,508
	Fair value of equity interest in Western Coal held before the acquisition			314,231
	Total consideration		$	3,727,739

Fair value of assets acquired and liabilities assumed

Fair value of assets acquired and liabilities assumed:
	Cash and cash equivalents		$	34,065
	Receivables			161,355
	Inventories			122,642
	Other current assets			58,742
	Mineral interests			4,399,000
	Property, plant and equipment			565,038
	Goodwill			249,415
	Other long-term assets			71,708
		Total assets	$	5,661,965
	Accounts payable and accrued liabilities		$	178,754
	Other current liabilities			77,241
	Deferred tax liability			1,576,820
	Other long-term liabilities			101,411
		Total liabilities	$	1,934,226
	Net assets acquired		$	3,727,739

Revenue and earnings of the acquiree included in the Company's consodilated statements of operations

	Three and six months ended June 30, 2011
Revenues	$	306,365
Net income	$	7,479

Schedule of supplemental pro forma information

			Six months ended June 30,
	Three months ended June 30, 2010
			2011		2010
Revenues	$	608,859	$	1,405,942	$	1,051,079
Net income	$	101,967	$	232,225	$	108,034