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1.INTERIM FINANCIAL REPORTING
6 Months Ended
Jun. 30, 2011
Comprehensive Income Note [Text Block]
1. 
INTERIM FINANCIAL REPORTING

In the opinion of management, the accompanying interim unaudited condensed consolidated financial statements reflect all adjustments that are necessary for a fair presentation of the financial results.  All such adjustments reflected in the unaudited interim condensed consolidated financial statements are considered to be of a normal and recurring nature. The results of the operations for the three and six months ended June 30, 2011 and 2010 are not necessarily indicative of the results to be expected for the whole year.  Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in our Annual Report on Form 10-K for the year ended December 31, 2010.

The components of total comprehensive income are shown below:

   
(Unaudited)
   
(Unaudited)
 
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2011
   
2010
   
2011
   
2010
 
                         
Net income (loss)
  $ 2,279,700     $ 523,610     $ 2,821,316     $ (37,134 )
Other comprehensive income:
                               
Amortization of unrecognized transition obligation, service cost and net loss
    73,564       89,951       147,128       179,902  
Total comprehensive income
  $ 2,353,264     $ 613,561     $ 2,968,444     $ 142,768