0001005758
2010-07-01
2010-09-30
0001005758
2010-01-01
2010-09-30
0001005758
2010-01-01
2010-12-31
0001005758
us-gaap:CommonStockMember
2010-01-01
2010-12-31
0001005758
us-gaap:AdditionalPaidInCapitalMember
2010-01-01
2010-12-31
0001005758
us-gaap:RetainedEarningsMember
2010-01-01
2010-12-31
0001005758
2010-12-31
0001005758
2011-07-01
2011-09-30
0001005758
2011-01-01
2011-09-30
0001005758
us-gaap:CommonStockMember
2011-01-01
2011-09-30
0001005758
us-gaap:AdditionalPaidInCapitalMember
2011-01-01
2011-09-30
0001005758
us-gaap:RetainedEarningsMember
2011-01-01
2011-09-30
0001005758
2011-09-30
0001005758
2011-11-10
0001005758
2009-12-31
0001005758
2010-09-30
0001005758
us-gaap:CommonStockMember
2009-12-31
0001005758
us-gaap:CommonStockMember
2010-12-31
0001005758
us-gaap:AdditionalPaidInCapitalMember
2009-12-31
0001005758
us-gaap:AdditionalPaidInCapitalMember
2010-12-31
0001005758
us-gaap:TreasuryStockMember
2009-12-31
0001005758
us-gaap:TreasuryStockMember
2010-12-31
0001005758
us-gaap:RetainedEarningsMember
2009-12-31
0001005758
us-gaap:RetainedEarningsMember
2010-12-31
0001005758
us-gaap:CommonStockMember
2011-09-30
0001005758
us-gaap:AdditionalPaidInCapitalMember
2011-09-30
0001005758
us-gaap:TreasuryStockMember
2011-09-30
0001005758
us-gaap:RetainedEarningsMember
2011-09-30
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
-6680319
-6806081
-5976913
87058
108803
56738459
56934164
-25931
-25931
-62776524
-63697355
133448
63248502
-25931
-64392820
86957874
108702874
108702874
133347479
3000000
20000
2000
18000
2000000
24200
2420
21780
2420000
25931
-228209
-741046
-920831
-920831
-185821
-764617
-764617
207302
580494
445658
1212131
113108
311024
202774
583125
94194
269470
242884
629006
27457
82372
21711
58034
288868
907712
406994
1329694
316325
990084
428705
1387728
-222131
-720614
-185821
-758722
-6078
-20432
-5895
-228209
-741046
-185821
-764617
-0.0021
-0.0079
-0.0014
-0.0061
2057
155333
5085
3620
40464
1500
138301
21456
374075
88966
1046
166239
111468
663073
983896
400000
400000
4072
328885
6791762
414555
6791762
1696850
56934164
-63697355
-64461972
0.001
0.001
5000000
5000000
3025000
0.001
0.001
250000000
250000000
108702874
133347479
108803
25000
25000
111468
663073
82372
58034
-6269
40464
-597
103467
121623
159837
743440
-530185
49175
91827
-91827
55907
296524
41161
4072
217450
200000
528720
195928
-1465
153276
166239
1046
17899
39977
5403794
true
--12-31
2011-09-30
iwdm
No
Yes
Smaller Reporting Company
IO World Media, Inc
0001005758
163447479
2011
Q3
10-Q
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 27pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">1. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Nature of operations</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">PowerCerv Corporation was incorporated in Florida in January 1995 as a holding company. The Company’s Articles of Incorporation were amended in December of 2005 to change its name to ioWorldMedia, Incorporated. Unless otherwise specified, references herein to “ioWorldMedia” and “the Company” mean ioWorldMedia Incorporated and any subsidiaries and controlled limited liability companies.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On December 1, 2002, the Company completed the sale of substantially all of its operating assets to PCV Acquisition Inc., a subsidiary of ASA International, Ltd., a holding company of Vertical Enterprise Software Solutions based in Framingham, Massachusetts (collectively referred to as “<font style="font-weight: bold; display: inline;">ASA</font>”).</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">During 2003 and 2004, there were no significant operations.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On December 30, 2003, the Company entered into a management and finance agreement with WhiteKnight SST (“<font style="font-weight: bold; display: inline;">WhiteKnight</font>”), a related party, to develop and implement a business plan for the Company. Pursuant to this agreement, WhiteKnight agreed to infuse $250,000 into the Company. In exchange, WhiteKnight was granted the right to receive up to a 50 percent equity interest in the Company through the conversion of the $250,000 debt to common stock of the Company, par value $0.001 per share (the “<font style="font-weight: bold; display: inline;">Common Stock</font>”).</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In furtherance, WhiteKnight investigated various possibilities and ultimately proposed to the Company’s Board of Directors that the Company set a plan in motion to engage in the business of providing internet radio services. As part of this plan, WhiteKnight proposed that the Company acquire the intellectual property owned by the related entities of Search Play, LLC and Radioio.com, LLC (collectively, “<font style="font-weight: bold; display: inline;">Search Play</font>”). At the time, Search Play owned several patents pending and other intellectual property that WhiteKnight believed would be advantageous to the Company as it sought to develop its internet radio operations.</font></div>
<div align="left" style="text-indent: 27pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">To complete the SearchPlay purchase, the Company entered into a Contribution Agreement in November 2005. Pursuant to the agreement, the Company agreed to issue shares of Common Stock in exchange for the membership interests of Search Play. As part of this agreement, the Company also agreed to issue shares of Common Stock in exchange for certain debt owed to several individuals, some of whom were principals or affiliates of WhiteKnight.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In January 2006 the Company officially changed its name to ioWorldMedia, Inc.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company is an internet media platform that delivers streamed audio product to distinctively differently audiences for the purposes of generating revenue and profits. Its three operating businesses are:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1) Radioio where the Company streams a broad variety of different music genres to users. Revenue is generated through subscriptions and advertising. Paying subscribers can receive extraordinarily high-quality fidelity music via 70+ different channels with, or without, advertising interruptions.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> 2) ioBusinessMusic is the 21<font style="font-size: 70%; vertical-align: text-top; display: inline;">st</font> century adaptation of the nearly century-old business, background music, found in restaurants, elevators, office building lobbies, amongst other applications. ioBusinessMusic’s strategic advantages are lower cost, far better fidelity and far greater flexibility regarding programming.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3) Radioio Live, which launched on January 9, 2011, is a wholly new operation that focuses on providing the Company’s listeners with access to live and archived proprietary content. Bubba the Love Sponge is the first of the Radioio Live producers of live content.</font></div>
108702874
94365511
133347479
125027127
-6078
-20432
-5895
128128
22078
110684
20432
113
1046
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 27pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">2. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Liquidity</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">During the nine months ended September 30, 2011 and 2010, the Company incurred net losses of approximately $695,000 and $741,000, respectively, while cash provided (used) by operations was approximately $49,000 and ($530,000). The Company has not attained a level of revenues sufficient to support recurring expenses.</font></div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 27pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">3. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Summary of significant accounting policies</font></div>
</td>
</tr>
</table>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-style: italic; display: inline;">Basis of Presentation and Principles of Consolidation</font></font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“<font style="font-weight: bold; display: inline;">GAAP</font>”).The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries, Radioio, SearchPlay, ioBusinessMusic and Radioio Live. All intercompany balances and transactions have been eliminated in consolidation.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The information furnished in this Quarterly Report reflects all adjustments consisting of only normal recurring adjustments, which are in the opinion of management necessary for a fair presentation of the results for the interim periods. The results of operations for the nine months ended September 30, 2011 are not necessarily indicative of results that may be expected for the fiscal year ending December 31, 2011.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">These financial statements were approved by management and available for issuance on November 10, 2011. Subsequent events have been evaluated through this date.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Use of Estimates</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities at the date of the financial statements, as well as their related disclosures. Such estimates and assumptions also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Cash and Cash Equivalents</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company considers short-term interest bearing investments with initial maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of cash in banks, free credit on investment accounts and money market accounts.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Accounts Receivable</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accounts receivable are recorded at the invoiced amount. Any allowance for doubtful accounts is the Company’s best estimate of the amount of probable losses to the Company’s existing accounts receivable. No allowance for doubtful accounts was recorded for the quarter ended September 30, 2011.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Accrued Revenue</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accrued revenues represent estimates of ad revenue, based on ad runs, expected collections on those runs and reports of expected amounts to be paid by third parties placing ads.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Securities Owned</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">All securities owned are valued at market and unrealized gains and losses are reflected in revenues.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Property and Equipment</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Repairs and maintenance are expensed as incurred while betterments and improvements are capitalized.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company provides for depreciation and amortization over the following estimated useful lives:</font></div>
<div> </div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td align="left" valign="top" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Computers and office equipment</font></div>
</td>
<td align="left" valign="top" width="72%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5 years</font></div>
</td>
</tr>
<tr>
<td align="left" valign="top" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Furniture and fixtures</font></div>
</td>
<td align="left" valign="top" width="72%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">7 years</font></div>
</td>
</tr>
</table>
</div>
<div> </div>
<div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Long-Lived Assets</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In accordance with Financial Accounting Standard Board (“<font style="font-weight: bold; display: inline;">FASB</font>”) Accounting Standards Codification (“<font style="font-weight: bold; display: inline;">ASC</font>”) Topic 360 “Property, Plant, and Equipment,” the Company records impairment losses on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. There were no impairment charges during the nine month periods ended September 30, 2011 and 2010.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Revenue recognition</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company derives revenue primarily from premium listener subscription plans and from advertising. The Company offers a number of subscription plans on a monthly and annual basis. Revenue from subscribers is recognized on a monthly pro-rata basis over the life of the subscription beginning January 1, 2011 effective with the launch of Radioio Live and the material level of annual and multi-year subscriptions sold. The subscriptions collected in advance are recorded as Deferred Revenue with the portion to be earned over the upcoming year classified as a current liability and the portion to be earned after September 30, 2012 classified as a long term liability. Prior to January 1, 2011 subscription revenue was recognized as received from subscribers.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Advertising revenue is recognized in the period in which the advertisement is broadcast or run on the Company’s website.</font></div>
<div> </div>
<div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Income Taxes</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company files a consolidated income tax return with its subsidiaries. The Company accounts for income taxes in accordance with FASB ASC Topic 740 “Income Taxes”, which requires accounting for deferred income taxes under the asset and liability method. Deferred income tax assets and liabilities are computed for the difference between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce the deferred income tax assets to the amount expected to be realized.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The determination of the Company’s provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. Significant judgment is required in assessing the timing and amounts of deductible and taxable items and the probability of sustaining uncertain tax positions. The benefits of uncertain tax positions are recorded in the Company’s financial statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from tax authorities. When facts and circumstances change, the Company reassesses these probabilities and records any changes in the financial statements as appropriate. Accrued interest and penalties related to income tax matters are classified as a component of income tax expense.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In accordance with GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. state and local jurisdictions. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce stockholders’ equity. This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities. It must be applied to all existing tax positions upon initial adoption and the cumulative effect, if any, is to be reported as an adjustment to stockholder’s equity as of January 1, 2009. Based on its analysis, the Company has determined that the adoption of this policy did not have a material impact on the Company’s financial statements upon adoption. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Interest and Penalty Recognition on Unrecognized Tax Benefits</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Comprehensive Income</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company complies with FASB ASC Topic 220, “Comprehensive Income,” which establishes rules for the reporting and display of comprehensive income (loss) and its components.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-style: italic; display: inline;">Fair Value of Financial Instruments</font></font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The fair values of the Company’s assets and liabilities that qualify as financial instruments under FASB ASC Topic 825, “Financial Instruments,” approximate their carrying amounts presented in the accompanying consolidated statements of financial condition at September 30, 2011 and December 31, 2010.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Loss Per Common Share</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company complies with the accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted loss per common share incorporates the dilutive effect of common stock equivalents on an average basis during the period. The calculation of diluted net loss per share excludes the conversion of any convertible debt obligations into common or preferred stock as of September 30, 2011 and 2010, respectively, since the effect of conversion is anti-dilutive.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Stock-Based Compensation</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company complies with FASB ASC Topic 718 “Compensation – Stock Compensation,” which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC Topic 718 requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the award the requisite service period (usually the vesting period). No compensation costs are recognized for equity instruments for which employees do not render the requisite service. The grant-date fair value of employee share options and similar instruments will be estimated using option-pricing models adjusted for the unique characteristics of those instruments (unless observable market prices for the same or similar instruments are available). If an equity award is modified after the grant date, incremental compensation cost will be recognized in an amount equal to the excess of the fair value of the modified award over the fair value of the original award immediately before the modification. No stock-based compensation expense under FASB ASC 718 was recorded during the nine month periods ended September 30, 2011 and 2010.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Valuation of Investments in Securities at Fair Value—Definition and Hierarchy</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">FASB ASC Topic 820 “Fair Value Measurements and Disclosures” provides a framework for measuring fair value under generally accepted accounting principles in the United States and requires expanded disclosures regarding fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. </font></div>
<div> </div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In determining fair value, the Company uses various valuation approaches. In accordance with GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. FASB ASC Topic 820 establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations, as follows:</font></div>
<div> </div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-style: italic; display: inline;">Level 1</font> - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not applied to Level 1 securities. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-style: italic; display: inline;">Level 2</font> - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;"><font style="font-style: italic; display: inline;">Level 3 - </font>Valuations based on inputs that are unobservable and significant to the overall fair value measurement.</font></div>
<div> </div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The availability of valuation techniques and observable inputs can vary from security to security and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many securities. This condition could cause a security to be reclassified to a lower level within the fair value hierarchy.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Valuation Techniques</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company values investments in securities that are freely tradable and are listed on a national securities exchange or reported on the NASDAQ national market at their last sales price as of the last business day of the reporting period. At September 30, 2011 and December 31, 2010, the Company had no investments classified as securities owned on the consolidated balance sheets.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Certificate of Deposits</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The fair values of the bank certificate of deposits are based on the face value of the certificate of deposits.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Recently Adopted Accounting Pronouncements</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In December 2010, FASB issued ASC ASU 2010-28, “When to Perform Step 2 of the Goodwill Impairment Test for Reporting Units with Zero or Negative Carrying Amounts (Topic 350) — Intangibles — Goodwill and Other.” ASU 2010-28 amends the criteria for performing Step 2 of the goodwill impairment test for reporting units with zero or negative carrying amounts and requires performing Step 2, if qualitative factors indicate that it is more likely than not that goodwill impairment exists. The amendments to this Update are effective for the Company in the first quarter of 2011. Any impairment to be recorded upon adoption will be recognized as an adjustment to our beginning retained earnings. The adoption of ASU 2010-28 did not have any financial impact on the consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In January 2010, the FASB issued Accounting Standards Update 2010-06,<font style="font-style: italic; display: inline;"> </font>“Fair Value Measurements and Disclosures (Topic 820) - Improving Disclosures about Fair Value Measurements” (ASU 2010-06), to require new disclosures related to transfers into and out of Levels 1 and 2 of the fair value hierarchy and additional disclosure requirements related to Level 3 measurements. The guidance also clarifies existing fair value measurement disclosures about the level of disaggregation and about inputs and valuation techniques used to measure fair value. The additional disclosure requirements are effective for the first reporting period beginning after December 15, 2009, except for the additional disclosure requirements related to Level 3 measurements, which are effective for fiscal years beginning after December 15, 2010. The adoption of the additional requirements did not have any financial impact on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In December 2009, the FASB issued Accounting Standards Update (ASU) 2009-17, “Consolidations (FASB ASC Topic 810) - Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities,” which codifies FASB Statement No. 167, Amendments to FASB Interpretation No. 46(R). ASU 2009-17 represents a revision to former FASB Interpretation No. 46 (Revised December 2003), “Consolidation of Variable Interest Entities,” and changes how a reporting entity determines when an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated. The determination of whether a reporting entity is required to consolidate another entity is based on, among other things, the other entity’s purpose and design and the reporting entity’s ability to direct the activities of the other entity that most significantly impact the other entity’s economic performance. ASU 2009-17 also requires a reporting entity to provide additional disclosures about its involvement with variable interest entities and any significant changes in risk exposure due to that involvement. A reporting entity will be required to disclose how its involvement with a variable interest entity affects the reporting entity’s financial statements. ASU 2009-17 is effective at the start of a reporting entity’s first fiscal year beginning after November 15, 2009, or the Company’s fiscal year beginning January 1, 2010. Early application is not permitted. We have not yet determined the impact, if any, which of the provisions of ASU 2009-15 may have on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On October 1, 2009, the Company adopted FASB ASC Topic 820-10 (ASC 820-10), “Fair Value Measurements and Disclosures<font style="font-style: italic; display: inline;">,”</font> for nonfinancial assets and liabilities that are not recognized or disclosed at fair value in the financial statements on a recurring basis. The adoption of ASC 820-10 did not have a material impact on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In August 2009, the FASB issued Accounting Standards Update 2009-05 (ASU 2009-05), “Fair Value Measurements and Disclosures (Topic 820) – Measuring Liabilities at Fair Value,” to amend FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” to provide guidance on the measurement of liabilities at fair value. The guidance provides clarification that in circumstances in which a quoted market price in an active market for an identical liability is not available, an entity is required to measure fair value using a valuation technique that uses the quoted price of an identical liability when traded as an asset or, if unavailable, quoted prices for similar liabilities or similar assets when traded as assets. If none of this information is available, an entity should use a valuation technique in accordance with existing fair valuation principles. The Company adopted the guidance in 2009, and there was no material impact on the Company’s consolidated financial statements or related footnotes.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In June 2009, the FASB issued the FASB Accounting Standards Codification (the “<font style="font-weight: bold; display: inline;">Codification</font>”)<font style="font-size: 70%; vertical-align: text-top; display: inline;"> </font>and a new Hierarchy of Generally Accepted Accounting Principles which establishes only two levels of GAAP: authoritative and nonauthoritative. The Codification is now the source of authoritative U.S. GAAP recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP, except for rules and interpretive releases of the SEC, which are additional sources of authoritative GAAP for SEC registrants. All other non-grandfathered, non-SEC accounting literature not included in the Codification will become nonauthoritative. The Codification is effective for financial statements for interim or annual reporting periods ending after September 15, 2009. The Company adopted the new guidelines and numbering system prescribed by the Codification when referring to GAAP in the third quarter of 2009. The application of the Codification did not have an impact on the Company’s consolidated financial statements; however, all references to authoritative accounting literature will now be references in accordance with the Codification.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In May 2009, the FASB issued authoritative guidance for subsequent events, now codified as FASB ASC Topic 855, “Subsequent Events,” which establishes general standards of accounting for and disclosures of events that occur after the balance sheet date but before the financial statements are issued or are available to be issued. The guidance sets forth the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements. The guidance also requires the disclosure of the date through which an entity has evaluated subsequent events and whether this date represents the date the financial statements were issued or were available to be issued. The Company adopted this guidance in 2009 with no significant impact on the Company’s consolidated financial statements or related footnotes.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2009, the FASB<font style="font-style: italic; display: inline;"> </font>provided additional guidance for estimating fair value in accordance with FASB ASC Topic 820, “Fair Value Measurements and Disclosures<font style="font-style: italic; display: inline;">,”</font> when the volume and level of activity for the asset or liability have significantly decreased. This additional guidance re-emphasizes that regardless of market conditions the fair value measurement is an exit price concept and clarifies and includes additional factors to consider in determining whether there has been a significant decrease in market activity for an asset or liability. This guidance also provides additional clarification on estimating fair value when the market activity for an asset or liability has declined significantly. The scope of this guidance does not include assets and liabilities measured under quoted prices in active markets. This guidance is applied prospectively to all fair value measurements where appropriate and will be effective for interim and annual periods ending after June 15, 2009. The adoption of the provisions of this guidance did not have any material impact on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2009, FASB issued FSP FAS 107-1 and APB 28-1, now codified in FASB ASC Topic 825-10-65, “Interim Disclosures about Fair Value of Financial Instruments,” which amends U.S. GAAP to require entities to disclose the fair value of financial instruments in all interim financial statements. The additional requirements of this guidance also require disclosure of the method(s) and significant assumptions used to estimate the fair value of those financial instruments. Previously, these disclosures were required only in annual financial statements. The additional requirements of this guidance are effective for interim reporting periods ending after June 15, 2009. The adoption of the additional requirements did not have any financial impact on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April, 2009, the FASB issued ASC Topic 320-10 (ASC 320-10), “Recognition and Presentation of Other-Than-Temporary Impairments,” which provides additional guidance designed to create greater clarity and consistency in accounting for and presenting impairment losses on securities. ASC Topic 320-10 provides greater clarity to investors about the credit and noncredit components of impaired debt securities that are not expected to be sold. The measure of impairment in comprehensive income remains fair value. This statement also requires more timely disclosures and an increase in disclosures regarding expected cash flows, credit losses, and an aging of securities with unrealized losses. The Company adopted these statements April 1, 2009 without material effect on its consolidated financial statements.</font></div>
<div> </div>
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On January 1, 2009, the Company adopted FASB ASC Topic 805 (ASC 805), “Business Combinations,” which generally requires an acquirer to recognize the identifiable assets acquired, liabilities assumed, contingent purchase consideration and any noncontrolling interest in the acquiree at fair value on the date of acquisition. It also requires an acquirer to recognize as expense most transaction and restructuring costs as incurred, rather than include such items in the cost of the acquired entity. For the Company, ASC 805 applies prospectively to business combinations for which the acquisition date is on or after October 1, 2009. The adoption of ASC 805 did not have a material impact on the Company’s consolidated financial statements.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Concentration of Credit Risk</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company maintains its cash and cash equivalents in bank deposit accounts, which, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. Management believes the Company is not exposed to any significant credit risk related to cash and cash equivalents.</font></div>
<div> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">Going Concern</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The accompanying financial statements have been prepared assuming that the company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Currently, the Company has a minimum cash balance available for the payment of ongoing operating expenses, and its operations are not providing a source of funds from revenues sufficient to cover its operational costs to allow it to continue as a going concern. The continued operations of the Company are dependent upon generating profits from operations and raising sufficient capital through sales of Common Stock or issuance of debt securities, which would enable the Company to carry out its business plan.</font></div>
<div> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In the event the Company does not generate sufficient funds from revenues or financing through the issuance of Common Stock or from debt financing, it may be unable to fully implement its business plan and/or pay its obligations as they become due, any of which circumstances would have a material adverse effect on its business prospects, financial condition, and results of operations. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to recover the value of its assets or satisfy its liabilities.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">4. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Property and equipment</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Property and equipment consisted of the following at:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="left" style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="text-align: center; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">September 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="88%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Capitalized leases</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">248,077</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="88%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Equipment</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">206, 924</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="88%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="left" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">455,001</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="88%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Less: accumulated depreciation</font></div>
</td>
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(332,242</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td style="padding-bottom: 4px;" valign="bottom" width="88%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,548</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Depreciation expense was $58,034 and $82,372 for the nine months ended September 30, 2011 and 2010, respectively.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">5. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Notes Payable—Related Party Shareholders</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Related party notes were converted to common and preferred shares at April 5, 2011. See Note 11 Stockholders’ Equity and Note 13 Related Party for further detail regarding the transactions.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">6. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Notes Payable</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At various dates during the years 2010 and 2009, an individual investor advanced the Company funds, aggregating to a total of $400,000 at September 30, 2011. The advances are non-interest bearing and due on demand.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">7. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Intellectual Property</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In November 2005, the Company acquired Search Play, LLC, a provider of internet based radio entertainment, in a transaction accounted for as a business combination. Part of the purchase price was allocated to intellectual property, as summarized in the table that follows:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom">
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Description</font></div>
</td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">September 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="88%">
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Patents pending and developed technology</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">758,922</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="padding-bottom: 2px;" valign="bottom" width="88%">
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Trademarks and other</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">189,072</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="88%">
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Total</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">947,994</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="padding-bottom: 2px;" valign="bottom" width="88%">
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Less: Accumulated depreciation</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(947,994</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td style="padding-bottom: 4px;" valign="bottom" width="88%">
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Unamortized intellectual property</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
</table>
</div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">8. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Income Taxes</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At September 30, 2011, the Company had approximately $46.5 million of net operating losses (“<font style="font-weight: bold; display: inline;">NOL</font>”) carry-forwards for federal and state income purposes. These losses are available for future years and expire through 2026. Utilization of these losses may be severely or completely limited if the Company undergoes an ownership change pursuant to Internal Revenue Code Section 382. The Company is not currently involved in any tax audits with the State of Florida or the Internal Revenue Service. The Company is delinquent in its income tax filings beginning with the 2005 tax year. There are not considered to be any material penalties for those delinquent periods as the company has only incurred losses in the returns that are to be filed.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The deferred tax asset is summarized as follows:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="padding-bottom: 2px;" valign="bottom" width="76%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"></font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">September 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">December 31, 2010</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deferred tax asset</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Net operating loss carryforwards</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,400,000</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,400,000</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deferred tax liability</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,400,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,400,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Less: Valuation allowance</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(18,400,000</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(18,400,000</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Net deferred tax asset</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">A reconciliation of income tax expense computed at the U.S. federal, state, and local statutory rates and the Company’s effective tax rate is as follows:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="padding-bottom: 2px;" valign="bottom" width="76%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">September 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="10%" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">December 31, 2010</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Statutory federal income tax expense</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(34</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">) %</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(34</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">) %</font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">State and local income tax</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(4</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(4</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="76%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Valuation allowance</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">38</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">38</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td style="padding-bottom: 4px;" valign="bottom" width="76%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">%</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">%</font></td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company has taken a 100% valuation allowance against the deferred tax asset attributable to the NOL carryforwards of $18.4 million at September 30, 2011 and December 31, 2010, due to the uncertainty of realizing the future tax benefits.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">9. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Common Stock</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company is authorized to issue 250 million shares of Common Stock with a par value of $.001. At September 30, 2011 and December 31, 2010, 133,347,479 and 108,702,874 shares were outstanding, respectively.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">10.</font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Preferred stock</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company is authorized to issue 5 million shares of preferred stock with a par value of $.001. The preferred stock has a conversion value of Three Dollars ($3.00) per share and the following rights:</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="a027839f7-2319-4755-84d8-204720212b1e" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; display: inline;">1. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Upon a Change of Control Event or an equity raise for the company, or its subsidiaries, of Twenty million dollars ($20,000,000) or greater, and at the discretion of the New Control party or equity party either:</font></div>
</td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="ae181ea12-bd66-4248-871b-1e4bdde8302e" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; display: inline;">a. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Cash redemption with an 8% per annum accrued interest rate, or</font></div>
</td>
</tr>
</table>
</div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="a3f966c7c-0b59-4786-8624-59b79998b9f3" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; display: inline;">b. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Stock conversion redemption with a 50% premium to the preceding Twenty (20) day average closing price of the Common Stock prior to a Change of Control Event or equity infusion as described above.</font></div>
</td>
</tr>
</table>
</div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="a0880961c-82a0-4a5b-b7fa-1d315fc80bfe" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; display: inline;">c. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Any combination of 1(a) or 1(b) above.</font></div>
</td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="a58c04d4d-dfd1-495e-903b-0961a8736f5b" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; display: inline;">2. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Conversion rights in to the Common Stock after Two Years from issue with a Twenty Five (25%) discount to the preceding Twenty (20) day average closing price of the Common Stock.</font></div>
</td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">As of September 30, 2011, 3,025,000 preferred shares were issued, 3,000,000 of which were outstanding, and 25,000 were in Treasury, and as of December 31, 2010 25,000 preferred shares were issued and none were outstanding, as the issued shares were held in Treasury.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">If the preferred shares were to be converted as of September 30, 2011 in the event of a change of control or an equity raise, as described in item 1 above, the holders of the preferred shares would be entitled to $9,360,000 in cash or 210,526,316 shares of Common Stock, or some combination thereof. The Company would be obligated to issue an additional 27,884,280 common shares for a decrease of $0.01 in the fair value of one share of Common Stock.</font></div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">If the preferred shares were to be converted as of September 30, 2011 at the Holders’ discretion, as described in item 2 above, the holders of the preferred shares would be entitled to 140,350,877 shares of Common Stock. The Company would be obligated to issue an additional 18,589,520 common shares for a decrease of $0.01 in the fair value of one share of Common Stock.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The conversion rights of the preferred shares are not limited as to the number of common shares that could be exchanged depending upon the preceding Twenty (20) day average closing price of the Common Stock.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"><font style="text-decoration: underline; display: inline;">Dividends</font></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The holders of the Preferred Stock are entitled to receive dividends at the discretion of the Company.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">11. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Stockholders’ Equity</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2010, the Company amended the Articles of Incorporation to increase the authorized common shares to 250,000,000.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In June 2010, the Company issued 16,000,000 shares of Common Stock to related parties in connection with the conversion of debt. Entities controlled by Thomas Bean received 10,000,000 shares and entities controlled by Alex H. Edwards received 6,000,000 shares.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In June 2010, the Company issued 2,000,000 shares to vendors for services rendered or a reduction of a portion of the amount owed by the Company.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In June 2010, the Company issued 3,745,000 shares of Common Stock to the holder of a convertible note payable in a partial redemption of the note.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In February 2011, the Company issued 1,000,000 <font color="#ff00ff">common</font> shares to a non-related party for an investment of $200,000.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2011, the Company issued 3,000,000 restricted common shares to each of the directors, Thomas Bean, John Stanton, and Alex Edwards, in lieu of any compensation, which would have been received during the previous five years of service through December 31, 2010;</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2011, the Company issued 2,420,000 restricted common shares for services provided by nine individuals since the inception of the Company.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2011, the Company converted the balance due Zanett Opportunity Fund, Ltd, a related party shareholder, against the unsecured, 5% convertible promissory note, due June 5, 2013, into 1,942,905 shares of Common Stock.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2011, the Company issued 3,000,000 shares of preferred stock to convert all outstanding debt obligations of related party shareholders, exclusive of the debt obligation due the Zanett Opportunity Fund, Ltd, whose debt obligation was converted into common shares.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In April 2011, the Company issued 10,000,000 restricted shares to the Bubba Radio Network and related personnel as an obligation of the negotiated contract for providing content and services to Radioio Live.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In June 2011, the Company issued 281,700 restricted common shares in total to 2,817 subscribers that are part of the Bubba Army Early Enlistment subscription program.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">12.   </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Capital Lease - Future Minimum Lease Payments</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company leases certain office equipment under an agreement that is classified as a capital lease. At September 30, 2011 office equipment with a cost basis of $39,031 and accumulated depreciation of $35,128 is recorded under a capital lease.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">There are no future minimum lease payments required under the capital lease as of March 31, 2011.</font></div>
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">13. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Related Party</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At various dates during the years 2011 and 2008, a related party shareholder advanced the Company funds, aggregating to a total $110,178 and $80,000 at March 31, 2011 and December 31, 2010, respectively. The advances are non-interest bearing and due on demand. The unsecured note obligation was converted into preferred stock on April 5, 2011.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At various dates during the years 2004 through 2011, a related party shareholder advanced the Company funds, aggregating to a total $1,903,271 and $1,853,271 at March 31, 2011 and December 31, 2010, respectively. The advances are non-interest bearing and due on demand. The unsecured note obligation was converted into preferred stock on April 5, 2011.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At various dates during the years 2008 and 2007, a related party shareholder advanced the Company funds, aggregating to a total $1,519,496 at March 31, 2011 and December 31, 2010, respectively. The advances are non-interest bearing and due on demand. The unsecured note obligation was converted into preferred stock on April 5, 2011.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">At various dates during the years 2005 through 2011, a related party shareholder advanced the Company funds, aggregating to a total $1,440,107 and $1,425,107 at March 31, 2011 and December 31, 2010, respectively. The advances are non-interest bearing and due on demand. The unsecured note obligation was converted into preferred stock on April 5, 2011.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On June 5, 2008, a related party shareholder loaned the Company $500,000, subsequently reduced to $250,000, which resulted from the sale of one half of the original note total to a third party. The unsecured convertible promissory note bears interest at 5% per annum and is due June 5, 2013. At March 31, 2011 and December 31, 2010, the balance due, including accrued interest, was $309,863 and $306,738, respectively. The note obligation was converted to preferred stock on April 5, 2011. In accordance with the convertible promissory note agreement all accrued interest amounts were forgiven upon conversion.</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">In May 2010, a third party, and related party shareholder, purchased one half of a note obligation from a related party shareholder in the amount of $250,000. During 2010, a portion of the note obligation was converted to Common Stock. The unsecured convertible promissory note bears interest at 5% and is due June 5, 2013. At March 31, 2011 and December 31, 2010, the balance due, including accrued interest, was $221,838 and $219,181, respectively. The note obligation was converted to Common Stock on April 5, 2011. In accordance with the convertible promissory note agreement all accrued interest amounts were forgiven upon conversion.</font></div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
197450
19745
177705
19745000
200000
1000
199000
1000000
212550
1943
210607
1942905
90000
9000
81000
9000000
100000
10000
90000
10000000
2817
282
2535
281700
133347479
122759
553410
1282295
133448
57548374
25931
This amendment on Form 10-Q/A of IOWORLDMEDIA, INCORPORATED is being filed to replace the Quarterly Report on Form 10-Q that was filed on November 14, 2011. This amendment to the quarterly report of IOWORLDMEDIA, INCORPORATED together with its consolidated subsidiaries, ("ioWorldMedia", the "Company", "we", "us", and "our", unless the context indicates otherwise) covers periods after December 31, 2010. The amendment is in response to SEC Staff comments. The changes to this amendment from the Quarterly Report filed November 14, 2011 are to provide more detailed and thorough disclosure to current and prospective shareholders. In specific, the Management Discussion & Analysis added more thorough discussion for each section of the MD&A. The interest forgiven by the holders of the convertible debt was reclassified from interest income to additional paid in capital. Note 14 has been added for the restatement of the financials as of June 30, 2011. In Note 3. Summary of significant accounting policies there has been a section added to explain Accrued Revenue, separate from Accounts Receivable. Preferred Stock has been reclassified to Temporary Equity on the balance sheet and additional disclosure provided in Note 10.
3025
25
5769279
5772304
25
<div> 
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" id="list" cellspacing="0" cellpadding="0">
<tr valign="top">
<td align="right" style="width: 36pt;">
<div><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">14. </font></div>
</td>
<td>
<div align="justify" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">  Restatement</font></div>
</td>
</tr>
</table>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">The Company has restated its financial statements as of and at the quarter ended June 30, 2011, to reflect the correction of two equity transactions. The first equity transaction was originally recorded as a contra-interest expense during the quarter ended June 30, 2011, when it should have been recorded as additional paid in capital from the forgiveness of accrued interest in the conversion of debt to equity by related parties in April, 2011. The second equity transaction was for preferred stock originally recorded in Stockholders’ equity. The terms and conditions of the preferred stock require that the preferred stock be recorded as Temporary Equity due to some of the conversion features for cash not being within total control and discretion of the Company. The correction of these equity transactions resulted in an increase in net loss for the quarter ended June 30, 2011 of $69,151. The Company’s summarized financial statements comparing the restated financial statements to those originally recorded are as follows:</font></div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block;">
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: center; padding-bottom: 2px;" valign="bottom"></td>
<td style="text-align: center; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="10">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Consolidated Balance Sheet at June 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: center; padding-bottom: 2px;" valign="bottom"></td>
<td style="text-align: center; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Original</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"></td>
<td style="text-align: center; padding-bottom: 2px;" valign="bottom"></td>
<td style="text-align: center; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Change</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"></td>
<td style="text-align: center; padding-bottom: 2px;" valign="bottom"></td>
<td style="text-align: center; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Restated</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom"></td>
<td style="text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td style="text-align: center;" valign="bottom"></td>
<td style="text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">ASSETS</font></td>
<td style="text-align: center;" valign="bottom"></td>
<td style="text-align: center;" valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td style="text-align: center;" valign="bottom"></td>
<td style="text-align: center;" valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td align="left" style="padding-left: 4%;" valign="bottom">   </td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td style="text-align: left; text-indent: 9pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom">
<div style="text-align: left; text-indent: 9pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Current assets </font></div>
</td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr>
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
<td valign="bottom"></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Cash</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">420,051</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">-</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">420,051</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accounts receivable</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">29,802</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">29,802</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Prepaid expense</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">140,415</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">140,415</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accrued revenue</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">31,306</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">  </td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">31,306</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 36pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total current assets</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">621,574</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">621,574</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Property and equipment, net of accumulated depreciation</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,548</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">  </td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,548</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">        </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 446pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Other assets</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="padding-left: 0pt; margin-left: 446pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Advance payments for contractual obligations</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">197,658</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">197,658</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Security deposit</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">  </td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="padding-left: 0pt; margin-left: 446pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 36pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total other assets</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">197,658</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">197,658</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 4px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 54pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total assets</font></div>
</td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">882,780</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">-</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">882,780</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">LIABILITIES AND STOCKHOLDERS' EQUITY</font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Current liabilities</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Note payable related party shareholders</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">-</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">-</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%">$</td>
<td style="text-align: right;" valign="bottom" width="9%">-</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Note payable</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">400,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">400,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Current portion of capital lease payable</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accounts payable and accrued expenses</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">507,836</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">507,836</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deferred revenue</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">334,457</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">  </td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">334,457</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 36pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total current liabilities</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,242,293</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,242,293</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deferred revenue</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">488,442</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">488,442</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 36pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total liabilities</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,730,735</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">-</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,730,73</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Temporary equity</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Preferred stock, $.001 par value, 5,000,000 shares authorized,</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3,025,000 shares issued and 3,000,000 outstanding at June 30, 2011</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3,025</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3,025</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Additional paid-in capital</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5,769,279</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5,769,279</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5,772,304</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5,772,304</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Stockholders' equity</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Common stock, $.001 par value; 250,000,000 authorized, 133,347,479</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">and 108,702,874 shares issued and outstanding at June 30, 2011</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">and December 31, 2010, respectively</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">133,448</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">133,448</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Preferred stock, $.001 par value, 5,000,000 shares authorized,</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 18pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3,025,000 shares issued and 3,000,000 outstanding at June 30, 2011</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3,025</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(3,025</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Additional paid-in capital</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,248,502</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%">(5,700,128</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">57,548,374</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Treasury stock, 25,000 shares of preferred, at cost</font></div>
</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%">(25,931</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%">(25,931</td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap">)</td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 2px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 9pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accumulated defcit</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(64,206,999</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(69,151</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(64,276,150</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
</tr>
<tr bgcolor="#cceeff">
<td style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 36pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total stockholders' equity</font></div>
</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(847,955</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(5,772,304</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
<td style="text-align: right; padding-bottom: 2px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"> </td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%">(6,620,259</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap">)</td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right;" valign="bottom" width="1%"></td>
<td style="text-align: left;" valign="bottom" width="1%"></td>
<td style="text-align: right;" valign="bottom" width="9%"></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
<tr bgcolor="white">
<td style="text-align: left; text-indent: 0pt; padding-bottom: 4px; padding-left: 0pt; margin-right: 0pt; margin-left: 9pt;" valign="bottom" width="64%">
<div style="text-align: left; text-indent: 0pt; margin-right: 0pt; margin-left: 54pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total liabilities and stockholders' equity</font></div>
</td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">882,780</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">-</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
<td style="text-align: right; padding-bottom: 4px;" valign="bottom" width="1%"></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%">$</td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%">882,780</td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"></td>
</tr>
</table>
</div>
<div style="text-indent: 0pt; display: block;"> </div>
</div>
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Consolidated Statement of Operations</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Consolidated Statement of Operations</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">For the Three Months ended June 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">For the Six Months ended June 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Original</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Change</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Restated</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Original</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Change</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Restated</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">     </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Sales</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">473,321</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">473,321</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">766,472</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">766,472</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cost of sales</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">220,935</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">220,935</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">371,088</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">371,088</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px; padding-left: 2%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Gross profit</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">252,386</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">252,386</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">395,384</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">395,384</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Operating expenses:</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 1%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Selling and general and administrative</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">564,724</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">564,724</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">931,962</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">931,962</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 1%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Depreciation and amortization</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,277</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">18,277</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">36,322</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">36,322</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 2%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total expenses</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">583,001</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">583,001</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">968,284</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">968,284</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 2%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net operating income</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(330,615</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(330,615</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(572,900</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(572,900</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Other income (expense)</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 1%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Interest income (expense)</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,256</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(5,895</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 2%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Total other income (expense)</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">63,256</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(5,895</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net income (loss) before income taxes</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(261,464</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(330,615</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(509,644</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(578,795</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Provision for income taxes</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net income (loss)</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(261,464</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(330,615</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(509,644</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(578,795</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net loss per weighted share,</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 4px; padding-left: 1%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">basic and fully diluted</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(0.0020</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(0.0025</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(0.0044</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(0.0050</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" colspan="4">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Weighted average number of common</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 4px; padding-left: 1%;" valign="bottom" width="28%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">shares outstanding, basic and fully diluted</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">132,298,669</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">132,298,669</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">115,936,119</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">115,936,119</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="28%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
</table>
<font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"></font></div>
</div>
<div style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt;" id="pgbrk">
<div id="ftr"> </div>
<div id="hdr"> </div>
</div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;">
<div align="center">
<table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0">
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Consolidated Statement of Cash Flows</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="10">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">For the six months ended June 30, 2011</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Original</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Change</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td style="border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Restated</font></div>
</td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
<td valign="bottom" colspan="2">
<div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">(Unaudited)</font></div>
</td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"> </font></td>
</tr>
<tr>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr>
<td align="left" valign="bottom">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cash flows from operations</font></div>
</td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net income (loss)</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(509,644</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(69,151</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(578,795</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Adjustment to reconcile net loss to net cash:</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Depreciation and amortization</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">36,322</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">36,322</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Expenses settled by issuance of common stock</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">128,128</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">128,128</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Changes in operating assets and liabilities:</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accounts receivable</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(29,802</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(29,802</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deposits</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,046</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1,046</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accounts payable and accrued expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">45,112</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">69,151</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">114,263</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Accrued revenue</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(13,407</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(13,407</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Prepaid expenses</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(105,581</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(105,581</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Advance payments on contractual obligations</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(142,103</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(142,103</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Deferred revenue</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">822,899</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">822,899</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td style="padding-bottom: 2px;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net cash provided by (used for) operating activities</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">232,970</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">232,970</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cash flows from investing activities</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Capital expenditures</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(10,904</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(10,904</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td style="padding-bottom: 2px;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net cash provided by financing activities</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(10,904</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(10,904</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cash flows from financing activities</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Issuance of common stock</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">200,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">200,000</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Due to related party shareholders</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Proceeds from long-term borrowing</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Payments on capital lease obligation</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(4,072</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">(4,072</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;">)</font></td>
</tr>
<tr bgcolor="white">
<td style="padding-bottom: 2px;" valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 2px; padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net cash provided by financing activities</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">195,928</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">195,928</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Net increase (decrease) in cash</font></div>
</td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">417,994</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">417,994</font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 2px; padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Cash, beginning of period</font></div>
</td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2,057</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 2px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">  </font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 2px; border-bottom-style: solid;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2,057</font></td>
<td style="text-align: left; padding-bottom: 2px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td align="left" style="padding-bottom: 4px; padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cash, end of period</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">420,051</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">420,051</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Supplemental disclosures:</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">    </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-left: 2%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Cash paid during the year for:</font></div>
</td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="#cceeff">
<td align="left" style="padding-bottom: 4px; padding-left: 4%;" valign="bottom" width="64%">
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Interest</font></div>
</td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">113</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">-</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td align="right" style="padding-bottom: 4px;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">$</font></td>
<td style="text-align: right; border-bottom-color: black; border-bottom-width: 4px; border-bottom-style: double;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">113</font></td>
<td style="text-align: left; padding-bottom: 4px;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
<tr bgcolor="white">
<td valign="bottom" width="64%"><font style="font-family: times new roman; font-size: 10pt; display: inline;">   </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="9%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%" nowrap="nowrap"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td>
</tr>
</table>
<font style="font-family: times new roman; font-size: 10pt; display: inline;"></font></div>
</div>
</div>
25000
0
<div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">15. Subsequent Events</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">On November 7, 2011 (the “Closing Date”), the Company entered into a share exchange agreement (the “Exchange Agreement”) with Up Your Ratings, Inc., an Ohio corporation (“UYR”) and its three stockholders (the “Stockholders”). Pursuant to the Exchange Agreement, the Stockholders transferred all of the issued and outstanding shares of common stock of UYR to the Company in exchange (the “Exchange”) for an aggregate of thirty million (30,000,000) shares (the “Exchange Shares”) of common stock of the Company, par value $0.001 per share (the “Common Stock”). As a result of the Exchange, UYR became a wholly-owned subsidiary of the Company, with the Stockholders acquiring an aggregate of approximately 18.13% of the shares of Common Stock issued and outstanding on a post-Exchange basis</font></div>
</div>