ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2011

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Text Block]

15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The components of accumulated other comprehensive income (loss) for the Company include net realized and unrealized gains (losses) on cash flow hedges, transfers of effective and ineffective cash flow hedges, and mark–to–market adjustments on cash flow hedges.

The activity in accumulated other comprehensive income (loss) for the
years ended December 31, 2011 and 2010 consists of the following:		2011		2010
Balance, beginning of year	$	–	$	(13,068,959	)
Unrealized losses on cash flow hedges		–		(643,436	)
De-designation of copper cash flow hedges		–		13,392,853
De-designation of interest rate swap cash flow hedge		–		319,542
Realized gains (losses) on effective cash flow hedges		–		(2,087,730	)
Transfer of realized losses on effective cash flow hedges		–		2,087,730
Balance, end of year	$	–	$	–