SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Property and Equipment Estimated Lives

Depreciation of property and equipment is provided using the straight-line method over the estimated lives as follows:

Building	20 years
Vehicles	2 -  5 years
Office and Other Equipment	2 -  5 years
Software	2 -  3 years

Reconciliation of Basic and Diluted Earnings Per Share

The following table presents a reconciliation of basic and diluted earnings per share for the nine and three months ended September 30, 2013 and 2012:

	Nine Months Ended				Three Months Ended
	2013		2012		2013		2012
Net income (loss) for common shares	$	11,425,136	$	1,841,456	$	4,393,782	$	(1,405,231)
Interest expense on convertible notes*		-		684,035		-		181,548
Net income (loss) for diluted shares	$	11,425,136	$	2,525,491	$	4,393,782	$	(1,223,683)
Weighted average shares outstanding – basic		51,472,254		46,665,956		53,927,370		47,045,002
Effect of dilutive securities:
Convertible notes				3,558,394				3,179,348
Options		707,135		887,232		1,015,278		610,242
Warrants		-		-		-		-
Weighted average shares outstanding – diluted		52,179,389		51,111,582		54,942,648		50,834,592
Earnings (loss) per share – basic	$	0.22	$	0.04	$	0.08	$	(0.03)
Earnings (loss) per share – diluted **	$	0.22	$	0.04	$	0.08	$	(0.03)

* Interest expense on convertible notes was added back to net income for the computation of diluted EPS.