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Note 15 - Related Party Transactions
12 Months Ended
Dec. 31, 2011
Related Party Transactions Disclosure [Text Block]
Note 15 – Related Party Transactions

The General Counsel for the Company is also a director. The Company incurred legal fees for his professional services of approximately $35,000 and $125,000 for the years ended December 31, 2011 and 2010, respectively. As of December 31, 2011 and 2010, the Company owed the General Counsel approximately $35,000 and $125,000 respectively. On February 18, 2011, we entered into an Employment Agreement to employ Mr. Teitelbaum as our General Counsel beginning May 16, 2011.

Charles Temple, son of Alan H. Temple Jr., a former outside director who retired from his directorship, in September 2011, is a non-officer employee of the Company. The Company paid Charles Temple approximately $134,100 and $106,200 in salary during the fiscal years ending December 31, 2011 and 2010 respectively.

The Company maintains bank accounts and deposits cash in Community National Bank. Conrad Gunther, a director of the Company, is a Senior Vice President and Senior Loan Officer at Community National Bank. The Company does not pay any fees to Mr. Gunther or Community National Bank in connection with this investment vehicle.