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<!-- EDGAR Online I-Metrix Xcelerate Instance Document, based on XBRL 2.1  http://www.edgar-online.com/ -->
<!-- Version:  6.12.8 -->
<!-- Round: 10fc1564-3172-4d9b-afac-ec09c803c0e5 -->
<!-- Creation date: 2011-08-11T14:56:10Z -->
<!-- Copyright (c) 2005-2011 EDGAR Online, Inc. All Rights Reserved. -->
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&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
5 - &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Stockholders&amp;#x2019;
Equity&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Stock Options&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Details
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below:&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div align="left"&gt;
&lt;table style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;
&lt;td valign="bottom" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
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&lt;td valign="bottom"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Weighted
Average&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Exercise
Price&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" colspan="2" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Balance,
January 1, 2011&lt;/font&gt;&lt;/div&gt;
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&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,525,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
$&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;0.22&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Granted&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Exercised&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Forfeited&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(250,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="9%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(0.50&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Balance,
June 30, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,275,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;0.16&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#FFFFFF"&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="76%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Exercisable
at June 30, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;675,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="9%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;0.14&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;On
March 31, 2011, an option for 250,000 shares expired.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">65247</us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-819639</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:InvestmentIncomeInterest contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">18812</us-gaap:InvestmentIncomeInterest>
  <us-gaap:OtherNonoperatingIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-76828</us-gaap:OtherNonoperatingIncomeExpense>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">285222</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:Revenues contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">7349977</us-gaap:Revenues>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">332267</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:IncreaseDecreaseInCustomerDeposits contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">3539</us-gaap:IncreaseDecreaseInCustomerDeposits>
  <us-gaap:GainLossOnDispositionOfAssets contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-2799</us-gaap:GainLossOnDispositionOfAssets>
  <us-gaap:LiquidityDisclosureTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
2 &amp;#x2013; &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Management&amp;#x2019;s
Liquidity Plans&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As
of June 30, 2011, the Company had cash of $995,492 and had a
working capital surplus of $720,451. The Company generated revenue
of approximately $7,350,000 and net income of approximately
$240,000 for the six months ended June 30, 2011.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;On
July 20, 2011, the Company entered into a loan agreement (the
&amp;#x201C;Loan Agreement&amp;#x201D;) with Bank of America.&amp;#xA0;&amp;#xA0;The
Loan Agreement provides the Company with (i) a revolving line of
credit agreement (the &amp;#x201C;B of A Credit Facility&amp;#x201D;) in the
amount of $650,000, and (ii) a $318,198 term loan facility (the
&amp;#x201C;B of A Term Loan).&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
B of A Credit Facility, which was fully extended at the filing of
this report, requires interest payments based on outstanding
balances at an interest rate of 30-day LIBOR plus 300 basis points,
and is annually renewable at Bank of America&amp;#x2019;s
option.&amp;#xA0;&amp;#xA0;An annual fee of 0.50% is incurred against the
total availability of the B of A Credit Facility.&amp;#xA0;&amp;#xA0;The B
of A Term Loan is amortized over 48 months at an interest rate of
4.2%.&amp;#xA0;&amp;#xA0;A one-time origination fee of 1.0% was incurred
for the B of A Term Loan.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
Company used $500,000 of the proceeds from the B of A Credit
Facility to repay the revolving line of credit agreement (the
&amp;#x201C;Prior Credit Facility&amp;#x201D;) dated March 3, 2009 and made
jointly and severally by the Company and Airborne, Inc., a former
subsidiary that was divested in March of 2009
(&amp;#x201C;Airborne&amp;#x201D;), in favor of Birch Hill Capital, LLC
(&amp;#x201C;Birch Hill&amp;#x201D;).&amp;#xA0;&amp;#xA0;The Prior Credit Facility
required interest payments based on outstanding balances at an
interest rate of prime plus 350 basis points (6.75% as of June 30,
2011) and was payable upon demand by Birch Hill.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
use of proceeds of the B of A Term Loan was the repayment of the
remaining principal that resulted when, on May 7, 2010, the Prior
Credit Facility was modified to reduce the maximum line of credit
to $500,000 and to reclassify the remaining $500,000 into a
promissory note that provided for a 36-month amortization with a
24-month balloon payment of outstanding principal and interest at
7% per year.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
Company used $150,000 of the proceeds from the B of A Credit
Facility, along with $600,000 in cash on hand, to repay a Loan
Agreement with EuroAmerican Investment Corp.
(&amp;#x201C;EuroAmerican&amp;#x201D;), pursuant to which EuroAmerican loaned
the Company an aggregate of $750,000.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As
a result of the Company&amp;#x2019;s repayment of the Prior Credit
Facility and EuroAmerican loan, such arrangements have been
terminated and Airborne is no longer a co-borrower.&amp;#xA0;&amp;#xA0;The
warrants issued to Birch Hill in connection with its financing
event remain in place.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
Company is party to a concession agreement with the City of New
York for the operation of the Downtown Manhattan Heliport (the
&amp;#x201C;Heliport&amp;#x201D;).&amp;#xA0;&amp;#xA0;Under this agreement, the
Company must pay the greater of 18% of the first $5 million in
program year gross receipts and 25% of gross receipts in excess of
$5 million or minimum annual guaranteed payments that began at $1.2
million in Year 1 of the agreement, which commenced on November 1,
2008, and increase to approximately $1.7 million in Year 10 of the
agreement, which expires on October 31, 2018.&amp;#xA0;&amp;#xA0;During the
six months ended June 30, 2011, the Company incurred with the City
of New York approximately $726,000 in concession fees, which is
included in the cost of revenue.&amp;#xA0;&amp;#xA0;The Company also
agreed, pursuant to this agreement, to make certain capital
improvements and safety code compliance upgrades to the Heliport in
the amount of $1,000,000 within two years following the receipt of
building permits for the capital improvements and another
$1,000,000 by the end of the fifth year of the Agreement. At June
30, 2011, the Company had made approximately $1,840,000 in capital
improvements at the Heliport pursuant to the concession agreement.
The Company believes that cash flow from the operation of the
Heliport will be sufficient to satisfy the minimum annual guarantee
and to fund the remaining capital improvements as required under
the agreement.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:LiquidityDisclosureTextBlock>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">415842</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:ShareBasedCompensation contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">3498</us-gaap:ShareBasedCompensation>
  <us-gaap:IncreaseDecreaseInAccruedLiabilities contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-757982</us-gaap:IncreaseDecreaseInAccruedLiabilities>
  <us-gaap:InterestExpense contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">78194</us-gaap:InterestExpense>
  <us-gaap:DeferredIncomeTaxExpenseBenefit contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">176000</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:NetIncomeLoss contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">239842</us-gaap:NetIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-136210</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
3 - &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Summary of
Significant Accounting Policies&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Principles of Consolidation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
condensed consolidated financial statements include the accounts of
the Company, its wholly-owned subsidiaries, FBO Air Wilkes-Barre,
Inc. d/b/a Saker Aviation Services (&amp;#x201C;FBOWB&amp;#x201D;), FBO Air
Garden City, Inc. d/b/a Saker Aviation Services
(&amp;#x201C;FBOGC&amp;#x201D;), and its majority-owned subsidiary
FirstFlight Heliports, LLC d/b/a Saker Aviation Services
(&amp;#x201C;FFH&amp;#x201D;).&amp;#xA0;&amp;#xA0;All significant inter-company
accounts and transactions have been eliminated in
consolidation.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Reclassifications&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Certain
reclassifications were made to the prior period amounts to conform
to the current period presentation.&amp;#xA0;&amp;#xA0;None of the
reclassifications affected our net income or loss in any
period.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Net Income Per Common Share&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Basic
net income per share applicable to common stockholders is computed
based on the weighted average number of shares of the
Company&amp;#x2019;s common stock outstanding during the periods
presented. Diluted net income per share reflects the potential
dilution that could occur if securities or other instruments to
issue common stock were exercised or converted into common
stock.&amp;#xA0;&amp;#xA0;Potentially dilutive securities, consisting of
options and warrants, are excluded from the calculation of the
diluted income per share when their exercise prices were greater
than the average market price of the common stock during the
period.&amp;#xA0;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
following table sets forth the components used in the computation
of basic and diluted income per share:&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div&gt;
&lt;table style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;
&lt;td valign="top" width="36%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="top" width="27%" colspan="2"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;For
the Three Months Ended&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;June
30,&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="top" width="26%" colspan="2"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;For
the Six Months Ended&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;June
30,&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="middle" width="36%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="13%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2011*&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="14%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2010*&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="15%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2011*&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="11%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2010*&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td valign="middle" width="36%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Weighted
average common shares outstanding, basic&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="middle" width="13%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,040,422&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="middle" width="14%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,164,453&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="middle" width="15%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,047,960&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="middle" width="11%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,164,453&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="middle" width="36%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Common
shares upon exercise of options&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="13%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,702,778&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="14%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="15%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,702,778&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="11%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#x2014;&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td valign="middle" width="36%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Weighted
average common shares outstanding, diluted&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&amp;#xA0;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="13%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;34,743,200&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="14%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,164,453&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="top" width="3%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="15%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;34,750,738&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="middle" width="11%"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;33,164,453&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;*
Outstanding stock options and warrants aggregating 4,975,000 and
9,503,587, respectively, were excluded from the compilation of
diluted earnings per share as their exercise prices were greater
than the average market price of the common stock for the three and
six months ended June 30, 2011 and 2010, respectively.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Stock Based Compensation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Stock-based
compensation expense for all share-based payment awards are based
on the grant-date fair value. The Company recognizes these
compensation costs over the requisite service period of the award,
which is generally the option vesting term.&amp;#xA0;&amp;#xA0;For the six
months ended June 30, 2011 and 2010, the Company incurred stock
based compensation of $3,498 and $7,748,
respectively.&amp;#xA0;&amp;#xA0;Such amounts have been recorded as part of
the Company&amp;#x2019;s selling, general and administrative expenses in
the accompanying condensed consolidated statements of
operations.&amp;#xA0;&amp;#xA0;As of June 30, 2011, the unamortized fair
value of the options totaled $11,250.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Option
valuation models require the input of highly subjective
assumptions, including the expected life of the option. Because the
Company&apos;s employee stock options have characteristics significantly
different from those of traded options, and because changes in the
subjective input assumptions can materially affect the fair value
estimate, in management&apos;s opinion, the existing models do not
necessarily provide a reliable single measure of the fair value of
its employee stock options.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&amp;#xA0;&lt;/div&gt;
&lt;div&gt;&lt;br /&gt;
&amp;#xA0;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;
Recently Issued Accounting Pronouncements&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During
2009, the Financial Accounting Standards Board (&amp;#x201C;FASB&amp;#x201D;)
launched the FASB ASC as the single source of authoritative
nongovernmental GAAP.&amp;#xA0;&amp;#xA0;The ASC was effective for interim
and annual periods ending after September 15, 2009.&amp;#xA0;&amp;#xA0;The
ASC does not change GAAP.&amp;#xA0;&amp;#xA0;Instead, it takes all
individual pronouncements that currently comprise GAAP and
reorganizes them into approximately 90 accounting Topics, and
displays all Topics using a consistent
structure.&amp;#xA0;&amp;#xA0;Changes to the ASC subsequent to September
30, 2009, are referred to as Accounting Standards Updates
(&amp;#x201C;ASU&amp;#x201D;).&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;On
June 30, 2009, the FASB issued ASU 2009-01, &amp;#x201C;Topic 105
&amp;#x2013; Generally Accepted Accounting Principles, amendments based
on Statement of Financial Accounting Standards No. 168 &amp;#x2013; The
FASB Accounting Standard Codification and the Hierarchy of
Generally Accepted Accounting Principles.&amp;#x201D;&amp;#xA0;&amp;#xA0;This
ASU amends the FASB ASC for the issuance of FASB Statement of
Financial Accounting Standards (&amp;#x201C;SFAS&amp;#x201D;) No. 168,
&amp;#x201C;The FASB Accounting Standards Codification and the Hierarchy
of Generally Accepted Accounting Principles.&amp;#x201D;&amp;#xA0;&amp;#xA0;This
ASU includes FASB SFAS No. 168 in its entirety.&amp;#xA0;&amp;#xA0;ASU
2009-01 was effective for interim and annual periods ending after
September 15, 2009.&amp;#xA0;&amp;#xA0;The adoption of ASU 2009-01 had no
effect on the operating results or financial condition of the
Company.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
FASB issued ASC 810, &amp;#x201C;Non-Controlling Interests in
Consolidated Financial Statements &amp;#x2013; an amendment of ARB No.
51).&amp;#xA0;&amp;#xA0;ASC 810 established accounting and reporting
standards for the non-controlling interest in a subsidiary
(previously referred to as minority interests). ASC 810 also
requires that a retained non-controlling interest upon the
deconsolidation of a subsidiary be initially measured at its fair
value. Upon adoption of ASC 810, the Company was required to report
any non-controlling interests as a separate component of
consolidated stockholders&amp;#x2019; equity. The Company was also
required to present any net income or loss allocable to
non-controlling interests and net income or loss attributable to
the stockholders of the Company separately in its consolidated
statements of operations, if significant. ASC 810 is effective for
fiscal years, and interim periods within those fiscal years,
beginning on or after January 1, 2009. ASC 810 requires retroactive
adoption of the presentation and disclosure requirements for
existing minority interests. All other requirements of ASC 810 are
applied prospectively. The Company adopted ASC 810 and reclassified
the non-controlling interest in FFH as a separate component of
consolidated stockholders&amp;#x2019; equity on January 1,
2009.&amp;#xA0;&amp;#xA0;&amp;#xA0;The adoption of ASC 810 did not have a
material impact on the Company&amp;#x2019;s results of operation or
financial condition.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:CostOfRevenue contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">3873194</us-gaap:CostOfRevenue>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">931196</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:ScheduleOfSubsequentEventsTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
8 &amp;#x2013; &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Subsequent
Events&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As
further described in Note 2, Management&amp;#x2019;s Liquidity Plans, on
July 20, 2011, the Company entered into a loan agreement with B of
A and terminated its financing arrangements with Birch Hill and
EuroAmerican.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Effective
August 15, 2011, the Company entered into a Redemption Agreement
with the non-controlling interest in a subsidiary of the
Company.&amp;#xA0;&amp;#xA0;As part of this agreement, the non-controlling
interest relinquished its membership interest in the subsidiary in
return for the repayment of the non-controlling interest&amp;#x2019;s
capital account.&amp;#xA0;&amp;#xA0;Such consideration shall be paid on
monthly basis in an amount equal to (i) five percent (5%) of the
subsidiary&amp;#x2019;s gross receipts plus (ii) five percent (5%) of
the subsidiary&amp;#x2019;s pre-tax profit.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfSubsequentEventsTextBlock>
  <us-gaap:DepreciationAndAmortization contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">166565</us-gaap:DepreciationAndAmortization>
  <us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-83575</us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities>
  <us-gaap:OperatingIncomeLoss contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">552025</us-gaap:OperatingIncomeLoss>
  <us-gaap:OtherNoncashIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-708382</us-gaap:OtherNoncashIncomeExpense>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">172509</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
1 - &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Basis
of Presentation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
accompanying unaudited condensed consolidated financial statements
have been prepared in accordance with generally accepted accounting
principles in the United States of America for interim financial
statements and with the instructions to Quarterly Report on Form
10-Q as promulgated by the Securities and Exchange Commission.
Accordingly, they do not include all of the information and
disclosures required for annual financial statements. These
condensed consolidated financial statements should be read in
conjunction with the financial statements and related footnotes for
Saker Aviation Services, Inc. and its subsidiaries (collectively,
the &amp;#x201C;Company&amp;#x201D;), which appear in the Company&amp;#x2019;s
Annual Report on Form 10-K for the year ended December 31, 2010 and
filed with the Securities and Exchange Commission.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
condensed consolidated balance sheet as of June 30, 2011 and the
condensed consolidated statements of operations and cash flows for
the three and six months ended June 30, 2011 and 2010 have been
prepared by the Company without audit. In the opinion of the
Company&amp;#x2019;s management, all adjustments (consisting of normal
recurring accruals) necessary to make the Company&amp;#x2019;s financial
position as of June 30, 2011 and its results of operations for the
three and six months and cash flows for the six months ended June
30, 2011 not misleading have been included.&amp;#xA0;&amp;#xA0;The results
of operations for the three and six months ended June 30, 2011 are
not necessarily indicative of the results to be expected for any
full year or any other interim period.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
  <us-gaap:InventoryDisclosureTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
4 - &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Inventories&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Inventories
consist primarily of maintenance parts and aviation fuel, which the
Company sells to its customers.&amp;#xA0;&amp;#xA0;The Company also
maintains fuel inventories for commercial airlines, to which it
charges into-plane fees when servicing commercial
aircraft.&amp;#xA0;&amp;#xA0;A summary of inventories as of June 30, 2011
and December 31, 2010 is set forth in the following
table:&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div align="left"&gt;
&lt;table style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="64%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 8pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="16%" colspan="2"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;June
30, 2011&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom" width="16%" colspan="2"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;December
31, 2010&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td valign="bottom" width="64%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Parts
inventory&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
$&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="15%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;111,517&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
$&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="15%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;105,675&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td valign="bottom" width="64%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Fuel
inventory&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="15%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;123,551&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;
&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: right" valign="bottom" width="15%"&gt;
&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;90,969&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr bgcolor="#CCFFCC"&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="64%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Other
inventory&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="15%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;21,645&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 2px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom" width="15%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;11,303&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="64%" align="left"&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total
inventory&lt;/font&gt;&lt;/div&gt;
&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="15%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;256,713&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="PADDING-BOTTOM: 4px" valign="bottom" width="1%" align="right"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom" width="1%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom" width="15%"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;207,947&lt;/font&gt;&lt;/td&gt;
&lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" valign="bottom" width="1%" nowrap="nowrap"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;/table&gt;
&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Included
in inventories are amounts held for third parties of $111,660 and
$106,547 as of June 30, 2011 and December 31, 2010, respectively,
with an offsetting liability included as part of accrued
expenses.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:SellingGeneralAndAdministrativeExpense contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">2924731</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">546500</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="shares" decimals="0">33047960</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">46779</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
  <us-gaap:InterestPaid contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">78194</us-gaap:InterestPaid>
  <us-gaap:IncreaseDecreaseInDepositOtherAssets contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">2118</us-gaap:IncreaseDecreaseInDepositOtherAssets>
  <us-gaap:IncreaseDecreaseInInventories contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">48766</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
6 &amp;#x2013; &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Related
Parties&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The
law firm of Wachtel &amp;amp; Masyr, LLP provides certain legal
services to the Company. William B. Wachtel, a member of the
Company&amp;#x2019;s Board of Directors, is a managing partner of this
firm. During the six months ended June 30, 2011 and 2010, the
Company was billed approximately $1,000 and $77,300, respectively,
for legal services.&amp;#xA0;&amp;#xA0;At June 30, 2011 and December 31,
2010, the Company has recorded in accounts payable an obligation
for legal fees to such firm of approximately $4,200 and $52,000,
respectively, related to legal services provided by such
firm.&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Effective
November 2008, the Company executed a management agreement with a
company which has a non-controlling interest in a subsidiary of the
Company.&amp;#xA0;&amp;#xA0;The owners of this company include the children
of a member of the Company&amp;#x2019;s Board of
Directors.&amp;#xA0;&amp;#xA0;The agreement requires a management fee of
10% of gross receipts of the subsidiary and a &amp;#x201C;success
fee&amp;#x201D; of 50% of pre-tax profits; as such term is defined in
the management agreement.&amp;#xA0;&amp;#xA0;The non-controlling interest
is one percent of the subsidiary of the Company and there is no
existing arrangement as to additional interests to be purchased in
the future.&amp;#xA0;&amp;#xA0;Total fees in the six months ended June 30,
2011 and 2010 aggregated approximately $1,084,000 and $840,000,
respectively.&amp;#xA0;&amp;#xA0;At June 30, 2011 and 2010, the Company has
recorded in accrued expenses an obligation for these fees to the
non-controlling interest of approximately $391,000 and $840,000,
respectively.&amp;#xA0;&amp;#xA0;As part of the fee arrangement under the
management agreement, certain capital expenditures for the
subsidiary are to be funded by the non-controlling
interest.&amp;#xA0;&amp;#xA0;The Company funded certain capital
improvements aggregating approximately $719,000 in 2011 on behalf
of the non-controlling interest.&amp;#xA0;&amp;#xA0;This amount of capital
improvements funded by the Company was deducted from amounts due to
the non-controlling interest and recorded as additional paid in
capital.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="shares" decimals="0">34750738</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:ProceedsFromSaleAndCollectionOfNotesReceivable contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">46310</us-gaap:ProceedsFromSaleAndCollectionOfNotesReceivable>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">-59128</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:RepaymentsOfNotesPayable contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD" decimals="0">47139</us-gaap:RepaymentsOfNotesPayable>
  <us-gaap:EarningsPerShareBasicAndDiluted contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0" unitRef="iso4217_USD_per_shares" decimals="2">0.01</us-gaap:EarningsPerShareBasicAndDiluted>
  <skas:LegalProceedingsTextBlock contextRef="eol_PE84243---1110-Q0003_STD_181_20110630_0">&lt;div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;NOTE
7 - &lt;font style="DISPLAY: inline; TEXT-DECORATION: underline"&gt;Litigation&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block"&gt;
&lt;br /&gt;&lt;/div&gt;
&lt;div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"&gt;&lt;font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;From
time to time, the Company may be a party to one or more claims or
disputes which may result in litigation. The Company&apos;s management
does not, however, presently expect that any such matters will have
a material adverse effect on the Company&apos;s business, financial
condition or results of operations.&lt;/font&gt;&lt;/div&gt;
&lt;/div&gt;</skas:LegalProceedingsTextBlock>
  <us-gaap:GrossProfit contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">1766039</us-gaap:GrossProfit>
  <us-gaap:InvestmentIncomeInterest contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">330</us-gaap:InvestmentIncomeInterest>
  <us-gaap:OtherNonoperatingIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">-89519</us-gaap:OtherNonoperatingIncomeExpense>
  <us-gaap:Revenues contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">3250546</us-gaap:Revenues>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">263897</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:InterestExpense contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">45504</us-gaap:InterestExpense>
  <us-gaap:NetIncomeLoss contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">263897</us-gaap:NetIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">-134693</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:CostOfRevenue contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">1484507</us-gaap:CostOfRevenue>
  <us-gaap:OperatingIncomeLoss contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">398590</us-gaap:OperatingIncomeLoss>
  <us-gaap:SellingGeneralAndAdministrativeExpense contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD" decimals="0">1367449</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:WeightedAverageNumberOfSharesOutstandingBasic contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="shares" decimals="0">33164453</us-gaap:WeightedAverageNumberOfSharesOutstandingBasic>
  <us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="shares" decimals="0">33164453</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
  <us-gaap:EarningsPerShareBasicAndDiluted contextRef="eol_PE84243---1110-Q0003_STD_91_20100630_0" unitRef="iso4217_USD_per_shares" decimals="2">0.01</us-gaap:EarningsPerShareBasicAndDiluted>
  <us-gaap:GrossProfit contextRef="eol_PE84243---1110-Q0003_STD_91_20110630_0" unitRef="iso4217_USD" decimals="0">2258035</us-gaap:GrossProfit>
  <us-gaap:InvestmentIncomeInterest contextRef="eol_PE84243---1110-Q0003_STD_91_20110630_0" unitRef="iso4217_USD" decimals="0">9217</us-gaap:InvestmentIncomeInterest>
  <us-gaap:OtherNonoperatingIncomeExpense contextRef="eol_PE84243---1110-Q0003_STD_91_20110630_0" unitRef="iso4217_USD" decimals="0">-43647</us-gaap:OtherNonoperatingIncomeExpense>
  <us-gaap:Revenues contextRef="eol_PE84243---1110-Q0003_STD_91_20110630_0" unitRef="iso4217_USD" decimals="0">4574759</us-gaap:Revenues>
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