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Quarterly report pursuant to sections 13 or 15(d)

Temporary Equity

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Temporary Equity
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Temporary Equity

 Prior to their conversion to common shares on March 13, 2012, the Series A, Series D and Series E preferred shares were classified as temporary equity.  During 2012 through March 13, 2012, the preferred shares accumulated additional dividends of $37,379 and as of March 13, 2012, total cumulative preferred dividends were $124,705.  On March 13, 2012, all preferred shares were automatically converted into common shares and, based on the terms of the preferred shares, none of the cumulative dividends shall ever be paid (See Note 9).