v2.3.0.11
Equity Transactions
 6 Months Ended
Jun. 30, 2011
Equity Transactions  
Equity Transactions

NOTE 12 – EQUITY TRANSACTIONS

Series A Convertible Preferred Stock - During the three and six month periods ended June 30, 2011 there were no conversions of Series A Preferred stock into shares of the Company's common stock.

Common Stock Dividends - There were no dividends paid during the three and six month periods ended June 30, 2011.

Treasury Stock – Pursuant to a common stock repurchase program approved by our Board of Directors, a total of 69,794 shares were purchased during the three month period ended June 30, 2011 at a cost of $49,645 and recorded as treasury stock. A total of 88,899 shares were purchased during the six month period ended June 30, 2011 at a cost of $63,012 and recorded as treasury stock.