DIVIDENDS

6 Months Ended

Jun. 30, 2012

DIVIDENDS [Abstract]

DIVIDENDS

9. DIVIDENDS

As of June 30, 2012, we had 107,172 shares of our 6.5% Series A Convertible Preferred Stock outstanding. A dividend was declared and was paid in cash on August 1, 2012 to the holders of record as of July 16, 2012.

Dividends on Preferred Stock are accrued when the amount and kind of the dividend is determined and are payable quarterly on the first day of February, May, August and November, in cash or shares of common stock.