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12. ACCUMULATED OTHER COMPREHENSIVE INCOME
9 Months Ended
Sep. 30, 2012
Accumulated Other Comprehensive Income  
Note 12. ACCUMULATED OTHER COMPREHENSIVE INCOME

 

 

Accumulated other comprehensive income includes the accumulated gains or losses from foreign currency translation adjustments. The Company translated the assets and liabilities of its Canadian statement of financial position into U.S. dollars using the period end exchange rate. Revenue and expenses were translated using the weighted-average exchange rates for the reporting period. As of September 30, 2012 and December 31, 2011, $795,000 and $722,000, respectively, of foreign currency translation adjustments were recorded in accumulated other comprehensive income.