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|                                                      |   |         Three Months                     |            |   |         Six Months           |   |
|-----------------------------------------------------------|--------|-----------------------------------------------------------------------------|-----------------|--------|-----------------------------------------------------------------|--------|
|                                                      |   |            Ended June 30, |            |   |          Ended June 30, |   |
|                                                      |   | 2009                                                                        |            |   | 2008                                                            |   |   | 2009 |   |   | 2008 |   |
| Basic Earnings Per Share:                                 |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |
| Net income (loss)                               |   | $                                                                           | (3,664,703      | )      |                                                            | $      | (5,973,270 | ) |   | $ | (10,930,705 | ) |   | $ | (5,677,611 | ) |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings on common shares                                 |   | $                                                                           | (3,664,703      | )      |                                                            | $      | (5,973,270 | ) |   | $ | (10,930,705 | ) |   | $ | (5,677,611 | ) |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average commonshares outstanding – basic   |   |                                                                        |  7,918,217 |   |                                                            |   | 7,918,217 |   |   |   |  7,918,217 |   |   |   | 7,918,069 |   |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per common share                           |   | $                                                                           | (0.46           | )      |                                                            | $      | (0.75 | ) |   | $ | (1.38 | ) |   | $ | (0.72 | ) |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Diluted Earnings Per Share:Net income (loss)              |   | $                                                                           | (3,664,703      | )      |                                                            | $      | (5,973,270 | ) |   | $ | (10,930,705 | ) |   | $ | (5,677,611 | ) |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average commonShares outstanding – diluted |   |                                                                        |  7,918,217 |   |                                                            |   | 7,989,320 |   |   |   |  7,918,217 |   |   |   | 8,010,619 |   |
|                                                      |   |                                                                        |            |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Diluted earnings per common share                         |   | $                                                                           | (0.46           | )      |                                                            | $      | (0.75 | ) |   | $ | (1.38 | ) |   | $ | (0.71 | ) |

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