Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

Note 9. Stockholders’ Equity

 

Common Stock — At June 30, 2012, the authorized common stock of the Company included up to 400,000,000 shares. Holders of the Company’s common stock are entitled to one vote for each share of common stock. At June 30, 2012 and December 31, 2011, there were 5,366,993 and 5,305,178 shares of common stock outstanding, excluding 17,794,592 and 17,856,407 shares at redemption value, respectively.

 

Preferred Shares — The Company is authorized to issue 1,000,000 preferred shares with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. At June 30, 2012 and December 31, 2011, there were no shares of preferred stock outstanding.