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DIVIDENDS
6 Months Ended
Jun. 30, 2015
DIVIDENDS  
DIVIDENDS

 

8.DIVIDENDS

 

On March 24, 2015, the Board of Directors declared dividends on the Series I Class B Preferred Stock in the amount of $37,891 which were paid on April 30, 2015.  The Company also declared and paid dividends to Series II Class B Preferred Stockholders in the amount of $132,926 on the same dates.  As of June 25, 2015, the Board of Directors declared dividends on the Series I Class B Preferred Stock in the amount of $12,313 which were paid on July 20, 2015.  The Company also declared and paid dividends to the Series II Class B Preferred Stockholders in the amount of $44,050 on the same dates.