Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)
In Thousands, except Share data
Common Stock [Member]
Additional Paid-in Capital [Member]
Common Stock Held In Treasury
Accumulated Other Comprehensive Loss
Noncontrolling Interest in Subsidary
Accumulated Deficit
Total
Balance at Dec. 31, 2008 $ 54 $ 97,381 $ 0 $ 0 $ 0 $ (35,799) $ 61,636
Balance (in shares) at Dec. 31, 2008 53,934,560            
Comprehensive income:              
Net income 0 0 0 0 0 9,622 9,622
Foreign currency adjustment 0 0 0 0 0 0 0
Total comprehensive income             9,622
Issuance of Common Stock for services 0 251 0 0 0 0 251
Issuance of Common Stock for services (in shares) 136,522            
Issuance of Common Stock upon exercise of Options 1 630 0 0 0 0 631
Issuance of Common Stock upon exercise of Options (in shares) 357,822            
Issuance of Common Stock for debt 0 476 0 0 0 0 476
Issuance of Common Stock for debt (in shares) 200,000            
Issuance of Warrants for debt 0 190 0 0 0 0 190
Stock-Based Compensation 0 713 0 0 0 0 713
Balance at Dec. 31, 2009 55 99,641 0 0 0 (26,177) 73,519
Balance (in shares) at Dec. 31, 2009 54,628,904            
Comprehensive income:              
Net income 0 0 0 0 0 2,608 2,608
Foreign currency adjustment 0 0 0 0 0 0 0
Total comprehensive income             2,608
Issuance of Common Stock for services 0 240 0 0 0 0 240
Issuance of Common Stock for services (in shares) 127,276            
Issuance of Common Stock upon exercise of Options 0 597 0 0 0 0 597
Issuance of Common Stock upon exercise of Options (in shares) 350,000            
Payment of Option exercise by Common Stock shares 0 0 (88) 0 0 0 (88)
Issuance of Common Stock for debt             0
Stock-Based Compensation 0 343 0 0 0 0 343
Balance at Dec. 31, 2010 55 100,821 (88) 0 0 (23,569) 77,219
Balance (in shares) at Dec. 31, 2010 55,106,180            
Comprehensive income:              
Net income 0 0 0 0 22 14,064 14,086
Foreign currency adjustment 0 0 0 (3) 0 0 (3)
Total comprehensive income             14,083
Issuance of Common Stock for services 0 210 0 0 0 0 210
Issuance of Common Stock for services (in shares) 149,061            
Common Stock Issued in conjunction with acquisition 1 999 0 0 0 0 1,000
Common Stock Issued in conjunction with acquisition (in shares) 813,007            
Warrant extension for debt modification 0 36 0 0 0 0 36
Noncontrolling interest investment in subsidiary 0 0 0 0 370 0 370
Issuance of Common Stock for debt             0
Stock-Based Compensation 0 345 0 0 0 0 345
Balance at Dec. 31, 2011 $ 56 $ 102,411 $ (88) $ (3) $ 392 $ (9,505) $ 93,263
Balance (in shares) at Dec. 31, 2011 56,068,248