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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended 24 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
OTHER INCOME (LOSS)        
Interest $ 116,956 $ 242,170 $ 288,952 $ 359,126
Gain on disposition of marketable securities 772,698 241,621 2,274,848 1,014,319
Gain (loss) on sale of equipment 1,460,727 419,413 (3,423,544) 1,880,140
Gain on sale of subsidiaries (Note 10) 0 474,577 0 474,577
Gain on extinguishment of debt 1,304 0 554,507 1,304
Foreign currency gain (loss) 6,829 (21,907) 5,429 (15,078)
Net OTHER INCOME (LOSS) 2,358,514 1,355,874 (299,808) 3,714,388
EXPENSES        
Corporate general and administrative 6,625,793 3,288,691 4,559,721 9,914,484
Venezuelan operations 1,285,368 1,714,543 3,600,648 2,999,911
Equipment holding costs 1,669,254 1,567,181 401,336 3,236,435
Write-down of machinery and equipment 1,881,959 2,518,796 0 4,400,755
Corporate communications 620,705 525,658 753,737 1,146,363
Legal and accounting 518,216 446,611 1,320,855 964,827
Arbitration (Note 3) 6,659,359 6,289,647 673,592 12,949,006
Takeover defense 0 0 1,330,366 0
Total EXPENSES 19,260,654 16,351,127 12,640,255 35,611,781
Loss before interest expense, income tax and extraordinary item (16,902,140) (14,995,253) (12,940,063) (31,897,393)
Interest expense (6,710,253) (6,641,877) (1,283,349) (13,352,130)
Loss before income tax and extraordinary item (23,612,393) (21,637,130) (14,223,412) (45,249,523)
Income tax benefit 0 0 27,496 0
Loss before extraordinary item (23,612,393) (21,637,130) (14,195,916) (45,249,523)
Extraordinary loss on expropriation of assets (Note 3) 0 0 (85,833,897) 0
Net loss for the period $ (23,612,393) $ (21,637,130) $ (100,029,813) $ (45,249,523)
Net loss per share, basic and diluted $ (0.40) $ (0.37) $ (1.75)  
Weighted average common shares outstanding 59,470,615 57,754,492 57,309,238