XML 22 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

(11) Selected Quarterly Financial Data (Unaudited)

Quarter
2011       First       Second       Third       Fourth
Fee income $ 144,441 $ 140,407 $ 207,200 $ 353,934
Operating loss (2) (1,593,220 ) (923,394 ) (812,400 ) (834,328 )
Net loss (2) (1,589,281 ) (919,122 ) (801,840 ) (825,825 )
Basic and diluted net loss
       per common share (1) (.09 ) (.05 ) (.04 ) (.04 )
 
 
2010 First Second Third Fourth
Fee income $ 127,011 $ 161,229 $ 137,702 $ 341,580
Operating loss (2) (1,669,488 ) (727,416 ) (753,336 )   (742,142 )
Net loss (2)            (1,665,769 )            (723,650 )          (749,391 )          (736,055 )
Basic and diluted net loss  
       per common share (1) (.10 ) (.04 ) (.04 ) (.04 )
 

     (1) Since per share information is computed independently for each quarter and the full year, based on the respective average number of common shares outstanding, the sum of the quarterly per share amounts does not necessarily equal the per share amounts for the year.

     (2) The Company incurred higher costs in the first quarter of 2011 and 2010 relating primarily to approximately $475,000 and $606,000 respectively of non-cash stock compensation costs on fully vested restricted stock and $175,000 and $105,000, respectively, in directors fees.