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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Property and Equipment Estimated Lives

Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows:

Building		20 years
Vehicles		2 -  5 years
Office and Other Equipment		2 -  5 years
Software		2 -  3 years

Reconciliation of Basic and Diluted Earnings Per Share

The following table presents a reconciliation of basic and diluted earnings per share for the three months ended March 31, 2014 and 2013:

		2014			2013
Net income for common shares		$	3,123,024		$	3,298,190
Interest expense on convertible notes*			-			179,183
Net income for diluted shares		$	3,123,024		$	3,477,373
Weighted average shares outstanding – basic			60,912,775			50,224,350
Effect of dilutive securities:
Options granted			190,870			721,556
Weighted average shares outstanding – diluted			61,103,645			50,945,906
Earnings per share – basic		$	0.05		$	0.07
Earnings per share – diluted		$	0.05		$	0.07

* Interest expense on convertible notes was added back to net income for the computation of diluted EPS.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph b

-Article 5

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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