Quarterly report pursuant to sections 13 or 15(d)

RELATED PARTY TRANSACTIONS

v2.4.0.6
RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2012
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
14.
RELATED PARTY TRANSACTIONS

Legal fees of approximately $65,000 and $44,000 were incurred during the three months and $173,000 and $187,000 during the nine months ended September 30, 2012, and 2011, respectively, to the law firm of Germer Gertz, LLP of which Charles W. Goehringer, Jr. is a minority partner.  Mr. Goehringer acts as corporate counsel for the Company.

Ghazi Sultan, a Company director, was paid $35,000 and $35,000 during the three months and $104,000 and $76,000 during the nine months ended September 30, 2012, and 2011, respectively for serving as the Company's Saudi branch representative.