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Supplemental disclosure of cash flow information
12 Months Ended
Dec. 31, 2011
Supplemental disclosure of cash flow information

22. Supplemental disclosure of cash flow information 

 

    2011     2010     2009  
                         
Interest paid in cash, net of capitalized interest of $246,851 in 2011   $ 962,744     $ 1,381,829     $ 1,127,156  
                         
Non-cash transactions:                        
Note received for plant facility sold   $ -     $ 3,670,963     $ 10,996,290  
Conversion of accounts receivable to investment in OC-BVI (see Note 8)   $ -     $ -     $ 800,000  
Issuance of 11,158, 8,565 and 6,734, respectively, of common shares
   for services rendered
  $ 104,443     $ 119,997     $ 95,592  
Issuance of 7,455, 5,379 and 4,533, respectively, of redeemable
   preferred shares for services rendered
  $ 65,902     $ 67,130     $ 78,703  
Conversion of 2,145, 4,950 and 5,784,  respectively, of redeemable
   preferred shares to common shares
  $ 1,287     $ 2,970     $ 3,470  
Dividends declared but not paid   $ 1,094,334     $ 1,092,913     $ 1,091,879