Note 13 Stock Dividend
On March 21, 2011, the Company set April 1, 2011 as the record
date for a one for two stock dividend on its outstanding common stock as authorized by the NYPSC in an order dated March 17, 2011.
Each shareholder of record as of close of business on the record date was paid one share of common stock for each two shares held
by such holder on April 20, 2011. Due to this stock dividend, all computations of number of shares and earnings per share have
been adjusted retroactively for prior periods to reflect the change in capital structure.