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Immaterial Correction To Previously Reported Amounts
9 Months Ended
Sep. 30, 2012
Text Block [Abstract]  
Immaterial Correction To Previously Reported Amounts

 

NOTE 2 - IMMATERIAL CORRECTION TO PREVIOUSLY REPORTED AMOUNTS

As disclosed in the Company’s December 31, 2011, Form 10-K, the Company had identified an error related to valuation of investments as previously reported for the interim period ended September 30, 2011. The error resulted in an overstatement of accumulated other comprehensive income and stockholders’ equity as of September 30, 2011, of $417,884 and an understatement and overstatement of comprehensive income for the three and nine months ended September 30, 2011, of $242,096 and $417,884, respectively. Management concluded the error was immaterial to all periods presented and has revised the September 30, 2011, Consolidated Statements of Comprehensive Income to reflect correction of the error.