Stockholders' Equity

6 Months Ended

Jun. 30, 2012

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Common Stock

A summary of the rights and preferences of common stock as of June 30, 2012 are as follows:

Voting

Common stockholders are entitled to one vote per share of common stock held on all matters on which such common stockholder is entitled to vote.

Dividends

Common stockholders are eligible to receive dividends on common stock held when funds are available and as approved by the Board of Directors.

Liquidation Rights

In the event of liquidation, dissolution or winding up of the Company, a sale of all or substantially all of the Company’s assets, and certain mergers, common stockholders are entitled to receive all assets of the Company available for distribution, subject to the preferential rights of any outstanding shares of preferred stock.