SUMMARY OF ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2012

SUMMARY OF ACCOUNTING POLICIES [Abstract]

SUMMARY OF ACCOUNTING POLICIES

2.   SUMMARY OF ACCOUNTING POLICIES

In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary for a fair presentation of the Company's financial condition as of September 30, 2012 and December 31, 2011, the results of operations and statements of comprehensive income for the three-month and nine-month periods ended September 30, 2012 and 2011, and the changes in stockholders' equity and cash flows for the nine months ended September 30, 2012 and 2011.  The results of operations for the three-month and nine-month periods ended September 30, 2012 are not necessarily indicative of the results of operations for the remainder of the year ending December 31, 2012.  Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the U. S. Securities and Exchange Commission ("SEC').

The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Please see "Part I - Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations - Critical Accounting Policies" for a discussion of areas in the accompanying condensed consolidated financial statements where significant estimates are utilized.

These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2011 and notes thereto.