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Investment In Hector Communications Corporation (Tables)
12 Months Ended
Dec. 31, 2012
Investment In Hector Communications Corporation [Abstract]  
Cumulative Undistributed Earnings

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

Balance Beginning of Year

 

$

3,358,623

 

$

2,668,825

 

Current Income

 

 

770,539

 

 

689,798

 

Spin-Off Transaction

 

 

(4,129,162

)

 

 

 

 

 

 

 

 

 

 

Cumulative Undistributed Earnings

 

$

 

$

3,358,623

 

Investments

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

Equity Investment

 

$

18,000,000

 

$

18,000,000

 

Cumulative Income

 

 

4,129,162

 

 

3,358,623

 

Cumulative Other Comprehensive Loss

 

 

 

 

(74,167

)

Realized Loss on HCC Spin-Off

 

 

(111,546

)

 

 

Spin-off Transaction

 

 

(22,017,616

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

 

$

21,284,456

 

Summary Financial Information

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

Current Assets

 

$

3,065,977

 

$

2,909,247

 

Noncurrent Assets

 

 

120,762,774

 

 

124,470,505

 

Current Liabilities

 

 

44,210,503

 

 

7,901,230

 

Noncurrent Liabilities

 

 

13,565,175

 

 

55,624,937

 

Stockholders' Equity

 

 

66,053,073

 

 

63,853,585

 

 

 

 

 

 

 

 

 

Revenues

 

 

26,682,461

 

 

26,994,244

 

Operating Income

 

 

4,101,617

 

 

5,388,604

 

Net Income

 

 

2,311,618

 

 

2,069,395