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<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">1.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Nature of Operations and Basis of Presentation</font>
</b>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">Goldenway, Inc. (formerly Cyber Informatix, Inc.) (“CII”) was organized under the laws of the State of Nevada on September 10, 2007, as a software design and e-commerce company. From September 10, 2007 (date of incorporation) through to the date of reverse acquisition discussed below, CII was a development stage company, engaged in the business of distributing economically-priced downloadable application software via the Internet, but with minimal operations.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
On September 30, 2011, CII closed a share exchange agreement (the “Share Exchange Agreement”), with Goldenway Precious Metals Limited (“GPML”), its sole shareholder, Goldenway Investments Holding Limited (“GIHL”), and Mr. Terry G. Bowering, CII’s majority stockholder, pursuant to which CII acquired
100% of the issued and outstanding capital stock of GPML in exchange for
24,587,299
shares of CII’s common stock, par value $0.001, which constituted
80.80% of CII’s issued and outstanding capital stock on a fully-diluted basis as of and immediately after the consummation of the transactions contemplated by the Share Exchange Agreement. This transaction was recorded as a reverse merger and recapitalization ("RTO") for accounting purposes whereby CII (the legal acquirer) is considered the accounting acquiree and GPML (the legal acquiree) is considered the accounting acquirer and the historical operations are those of the accounting acquirer. As a result of this transaction, GPML is deemed to be a continuation of the business of CII. Accordingly, the accompanying interim condensed consolidated financial statements are those of GPML. The assets and liabilities of GPML have been brought forward at their book value and no goodwill has been recognized. The historical shareholders’ equity of CII prior to the share exchange has been retroactively restated for the equivalent number of shares received as if the share exchange occurred as of the beginning of the first period presented.
</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">Subsequent to the RTO, CII changed its name to Goldenway, Inc.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">GPML was incorporated in Hong Kong on April 7, 2009. GPML is involved in the trading of precious metals and precious metals trading contracts through its electronic trading platform. GPML has obtained requisite licenses from the Chinese Gold & Silver Exchange Society (the “CGSE”) and is one of the CGSE’s recognized E-Trading members.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
On November 1, 2011, GPML acquired
100% of Goldenway Global Investments (UK) Limited (“Goldenway UK”) which was incorporated in United Kingdom on July 14, 1997. Goldenway UK is licensed by the London Financial Services Authority (“FSA”) and is involved in the provision of foreign exchange brokerage services.
</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">On August 14, 2012, Goldenway, Inc. established Goldenway Financial Holdings Limited (“Goldenway Financial”) as its wholly-owned Hong Kong subsidiary, for the purpose of a merger and reorganization with Goldenway, Inc. As of the date of this report, Goldenway Financial remains inactive and the reorganization is not yet effective.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
On August 30, 2012, GPML acquired a
100% equity interest in Goldtop Success Limited (“Goldtop”), an inactive Hong Kong company, for an aggregate purchase price of HK$600
(approximately $77), pursuant to a purchase and sale agreement, dated August 30, 2012. Goldtop was incorporated in Hong Kong on June 26, 2012 by an employee of the Company, for the purpose of promoting the Company but has been inactive since its formation.
</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">These interim condensed consolidated financial statements include the accounts of the CII, GPML, Goldenway UK, Goldtop and Goldenway Financial (collectively referred as the “Company”, “we”, “our” or “us”). All inter-company balances and transactions have been eliminated on consolidation. These interim condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary in order to make the interim financials not misleading have been included and all such adjustments are of a normal recurring nature. The result of operations for any interim period is not necessarily indicative of results for the full year.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">The interim condensed consolidated financial statements are based on accounting principles that are consistent in all material respects with those applied in the Form 10-K dated March 29, 2012; except as disclosed in Note 2. They do not include certain footnote disclosures and financial information normally included in annual financials prepared in accordance with U.S. GAAP and, therefore, should be read in conjunction with the Form 10-K as aforementioned.</font>
</p>
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<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">2.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Summary of Significant Accounting Policies</font>
</b>
</p>
</td>
</tr>
</table>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td width="5%">
<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<i>
<font size="2">Recently Adopted Accounting Standards</font>
</i>
</b>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. This standard results in a common requirement between the FASB and the International Accounting Standards Board (IASB) for measuring fair value and for disclosing information about fair value measurements. ASU 2011-04 is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In June, 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. ASU 2011-05 requires entities to present net income and other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In September 2011, the FASB issued ASU 2011-08, Intangibles Goodwill and Other (Topic 350): The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under these amendments, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In December 2011, the FASB issued ASU 2011-12, “Comprehensive income”. The amendments are being made to allow FASB time to re- deliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented. While FASB is considering the operational concerns about the presentation requirements for reclassification adjustments and the needs of financial statement users for additional information about reclassification adjustments, entities should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect before ASU 2011-05. ASU No. 2011-12 is effective for the Company on January 1, 2012. The adoption of this ASU did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In August 2012, the FASB issued ASU No. 2012-03, “Technical Amendments and Corrections to SEC Sections – Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 114. Technical Amendments Pursuant to SEC Release No. 33-9230, and Corrections Related to FASB Accounting Standards Update 2010-22, which amends various SEC paragraphs pursuant to the issuance of SAB No. 114. This ASU became effective on issuance, and the adoption of the ASU had no impact on the Company’s financial position or results of operations.</font>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>
<i>
<font size="2">Recent Accounting Pronouncements</font>
</i>
</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In December 2011, the FASB issued ASU 2011-11, “Balance Sheet”. The amendments in this Update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. Entities are required to disclose both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. This scope would include derivatives, sale and repurchase agreements and reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2012. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">On July 27, 2012, the FASB issued ASU No. 2012-02 under which an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. An entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments are effective for annual and interim impairment tests performed for fiscal periods beginning after September 15, 2012 or January 1, 2013 for the Company. Early adoption is permitted. The adoption of ASU No. 2012-02 is not expected to have a material impact on the Company’s consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">On October 2012, the FASB issued ASU No. 2012-04, Technical Amendments and Corrections. The updates to current guidance make the codification easier to understand and the fair value measurement guidance easier to apply by eliminating inconsistencies and providing needed clarification. ASU No. 2012-04 is effective for fiscal periods beginning after December 15, 2012. The adoption of ASU No. 2012-04 is not expected to have a material effect on the Company’s consolidated financial statements.</font>
</p>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Foreign exchange rates used:</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">September 30,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Period end USD/HK$ exchange rate</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
7.7540
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
7.7663
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
7.7840
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Average USD/HK$ exchange rate</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
7.7590
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
7.7841
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
7.7858
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<i>
<font size="2">Recently Adopted Accounting Standards</font>
</i>
</b>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. This standard results in a common requirement between the FASB and the International Accounting Standards Board (IASB) for measuring fair value and for disclosing information about fair value measurements. ASU 2011-04 is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In June, 2011, the FASB issued ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. ASU 2011-05 requires entities to present net income and other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In September 2011, the FASB issued ASU 2011-08, Intangibles Goodwill and Other (Topic 350): The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under these amendments, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. The adoption of this guidance did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In December 2011, the FASB issued ASU 2011-12, “Comprehensive income”. The amendments are being made to allow FASB time to re- deliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented. While FASB is considering the operational concerns about the presentation requirements for reclassification adjustments and the needs of financial statement users for additional information about reclassification adjustments, entities should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect before ASU 2011-05. ASU No. 2011-12 is effective for the Company on January 1, 2012. The adoption of this ASU did not have a material impact on the Company’s interim condensed consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In August 2012, the FASB issued ASU No. 2012-03, “Technical Amendments and Corrections to SEC Sections – Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 114. Technical Amendments Pursuant to SEC Release No. 33-9230, and Corrections Related to FASB Accounting Standards Update 2010-22, which amends various SEC paragraphs pursuant to the issuance of SAB No. 114. This ASU became effective on issuance, and the adoption of the ASU had no impact on the Company’s financial position or results of operations.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<b>
<i>
<font size="2">Recent Accounting Pronouncements</font>
</i>
</b>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">In December 2011, the FASB issued ASU 2011-11, “Balance Sheet”. The amendments in this Update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. Entities are required to disclose both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. This scope would include derivatives, sale and repurchase agreements and reverse sale and repurchase agreements, and securities borrowing and securities lending arrangements. ASU 2011-05 is effective for fiscal years and interim periods beginning after December 15, 2012. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">On July 27, 2012, the FASB issued ASU No. 2012-02 under which an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount. An entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments are effective for annual and interim impairment tests performed for fiscal periods beginning after September 15, 2012 or January 1, 2013 for the Company. Early adoption is permitted. The adoption of ASU No. 2012-02 is not expected to have a material impact on the Company’s consolidated financial statements.</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Foreign exchange rates used:</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">September 30,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Period end USD/HK$ exchange rate</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
7.7540
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
7.7663
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
7.7840
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Average USD/HK$ exchange rate</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
7.7590
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
7.7841
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
7.7858
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
7.754
7.7663
7.784
7.759
7.7841
7.7858
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">3.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Fair Value Measurement</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis and the related hierarchy levels as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="49%">
<b>
<font size="2">Fair Value Measurements on a Recurring Basis</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<b>
<font size="2">As of September 30, 2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 1</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 2</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 3</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<b>
<font size="2">Total</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Assets:</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Unrealized profits on open contracts</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Trading precious metals</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Total</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<b>
<font size="2">
 
3,477,110
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Liabilities:</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Unrealized losses on open contracts</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
613,972
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
613,972
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<font size="2">Fair Value Measurements on a Recurring Basis</font>
</td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<font size="2">As of December 31, 2011</font>
</td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 1</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 2</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 3</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">Total</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Assets:</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Unrealized profits on open contracts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">Trading precious metals</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,511,719
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Liabilities:</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Unrealized losses on open contracts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
245,856
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
245,856
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<u>
<font size="2">Level 1</font>
</u>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">The Company has investments in gold and silver that are recorded based upon listed or quoted gold and silver market prices. The investments in gold and silver are recorded in</font>
<i>
<font size="2">Trading precious metals</font>
</i>
<font size="2">.</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<u>
<font size="2">Level 2</font>
</u>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">The Company has open trading contracts that are Level 2 financial instruments and are recorded based on the difference in market price of the underlying precious metal of the open trading contracts between the date when the contracts are entered and the balance sheet date. The open trading contracts are recorded in</font>
<i>
<font size="2">Unrealized profits on open contracts and Unrealized losses on open contracts</font>
</i>
<font size="2">.</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="49%">
<b>
<font size="2">Fair Value Measurements on a Recurring Basis</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<b>
<font size="2">As of September 30, 2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 1</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 2</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">Level 3</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<b>
<font size="2">Total</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Assets:</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Unrealized profits on open contracts</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Trading precious metals</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Total</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
549,221
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
2,927,889
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<b>
<font size="2">
 
3,477,110
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Liabilities:</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<b>
<font size="2">Unrealized losses on open contracts</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
613,972
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
613,972
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
0
2927889
0
2927889
549221
0
0
549221
549221
2927889
0
3477110
0
613972
0
613972
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<font size="2">Fair Value Measurements on a Recurring Basis</font>
</td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="center" colspan="10" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="49%">
<font size="2">As of December 31, 2011</font>
</td>
<td align="center" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium; border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 1</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 2</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">Level 3</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">Total</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Assets:</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Unrealized profits on open contracts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">Trading precious metals</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
1,674,077
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
1,837,642
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,511,719
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Liabilities:</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; " width="1%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-right-style:none; border-right-width:medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Unrealized losses on open contracts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
245,856
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%">
<font size="2">
 
245,856
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
0
1837642
0
1837642
1674077
0
0
1674077
1674077
1837642
0
3511719
0
245856
0
245856
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">4.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Other Receivables</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Other receivables consisted of the following as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Funds in transit</font>
<sup>
<font size="2">(i)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
81,868
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">CGSE rebate receivable</font>
<sup>
<font size="2">(ii)</font>
</sup>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
117,242
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
611,750
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Staff loan</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
20,297
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
28,989
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">VAT receivable</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
9,072
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Others</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
12,981
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="12%">
<b>
<font size="2">
 
159,592
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
722,607
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(i)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
Funds in transit represents the amount transferred from agents but have yet to be received by the Company as of December 31, 2011. Funds in transit were received subsequent to the period end date (i.e. in January 2012). Normally funds in transit will be received within
5
business days.
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(ii)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">CGSE charges the Company a fee for each precious metal price trading transaction and issues rebates based on the transaction volume.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(iii)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The staff loan is the advance to a director of Goldenway UK. The amount is unsecured, non-interest bearing and has no fixed repayment terms.</font>
</p>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Funds in transit</font>
<sup>
<font size="2">(i)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
81,868
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">CGSE rebate receivable</font>
<sup>
<font size="2">(ii)</font>
</sup>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
117,242
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
611,750
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Staff loan</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
20,297
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
28,989
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">VAT receivable</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
9,072
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Others</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
12,981
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="12%">
<b>
<font size="2">
 
159,592
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
722,607
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
0
81868
117242
611750
20297
28989
9072
0
12981
0
159592
722607
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">5.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Deposits and Prepaid Expenses</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Deposits and prepaid expenses consisted of the following as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Deposit in Hantec Bullion Limited</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">(a)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
 
475,708
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Advertising expenses</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
688,076
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
481,912
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Funds to transfer agents</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
2,702,202
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
590,817
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Legal and professional fee</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
457,922
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
437,078
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Other deposits and prepaid expenses</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">(b)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
1,995,949
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
1,085,401
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="10%">
<b>
<font size="2">
 
5,844,149
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,070,916
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Represented by:</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses – current</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
 
4,347,630
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
 
1,965,475
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses – non-current</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
1,496,519
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
1,105,441
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="10%">
<b>
<font size="2">
 
5,844,149
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,070,916
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(a)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The Company executed trading of precious metal trading contracts through Hantec Bullion Limited (“Hantec”), a private precious metal trading company in Hong Kong. All the deposit with Hantec can be used for future trading or withdrawn at the Company’s discretion. The deposit was completely refunded in August 2012.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(b)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The balance mainly represented the deposits for utility, leased offices, e-trading fees, service fees of data processing and analysis to Shenzhen Gateway Technology Limited (“Gateway”) and other miscellaneous prepaid expenses for daily operations (Note 10).</font>
</p>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Deposit in Hantec Bullion Limited</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">(a)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
 
-
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
 
475,708
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Advertising expenses</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
688,076
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
481,912
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Funds to transfer agents</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<b>
<font size="2">
2,702,202
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
590,817
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Legal and professional fee</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
457,922
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
437,078
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Other deposits and prepaid expenses</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">(b)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
1,995,949
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
1,085,401
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="10%">
<b>
<font size="2">
 
5,844,149
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,070,916
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Represented by:</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses – current</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" width="10%">
<b>
<font size="2">
 
4,347,630
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
 
1,965,475
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Deposits and prepaid expenses – non-current</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<b>
<font size="2">
1,496,519
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
1,105,441
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="10%">
<b>
<font size="2">
 
5,844,149
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; " width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
 
3,070,916
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
0
475708
688076
481912
2702202
590817
457922
437078
1995949
1085401
5844149
3070916
4347630
1965475
1496519
1105441
5844149
3070916
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">6.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Property and Equipment</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Property and equipment, including leasehold improvements, consisted of the following as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Office equipment</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
26,678
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
23,106
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Computer equipment</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
729,440
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
411,772
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Leasehold improvements</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
363,387
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
363,194
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Furniture and fixtures</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
45,148
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
44,503
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Motor vehicle</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
424,368
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
80,127
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Motor vessel</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
4,531,204
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
4,516,244
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
6,120,225
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
5,438,946
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Less: Accumulated depreciation</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
(1,196,888
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<b>
<font size="2">)</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
(610,056
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="12%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Property and equipment, net</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
4,923,337
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
4,828,890
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Depreciation expense was $192,007
and $613,482
for the three and nine months ended September 30, 2012, respectively ($146,321
and $280,631, respectively, for the same periods ended September 30, 2011), and was recorded as depreciation and amortization in the Company’s interim condensed consolidated statements of operations and comprehensive income.
</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Office equipment</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
26,678
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
23,106
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Computer equipment</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
729,440
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
411,772
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Leasehold improvements</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
363,387
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
363,194
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Furniture and fixtures</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
45,148
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
44,503
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Motor vehicle</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
424,368
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
80,127
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Motor vessel</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
4,531,204
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
4,516,244
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
6,120,225
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
5,438,946
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Less: Accumulated depreciation</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
(1,196,888
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<b>
<font size="2">)</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
(610,056
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="12%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Property and equipment, net</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
4,923,337
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
4,828,890
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
26678
23106
729440
411772
363387
363194
45148
44503
424368
80127
4531204
4516244
6120225
5438946
-1196888
-610056
4923337
4828890
192007
613482
146321
280631
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">7.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Intangible Assets and Goodwill</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Intangible assets and goodwill consisted of the following as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Precious metal price trading licenses</font>
<sup>
<font size="2">(i)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
638,381
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<font size="2">
 
637,369
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Precious metal trading platform</font>
<sup>
<font size="2">(ii)</font>
</sup>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
1,237,016
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">
643,807
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">FSA license</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
1,529,578
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
1,529,578
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Intangible assets</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
3,404,975
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">
2,810,754
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Less: accumulated amortization</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
(386,612
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<b>
<font size="2">)</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
(225,332
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Intangible assets, net</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
3,018,363
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
 
2,585,422
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
</table>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">Goodwill arising on consolidation</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
427,149
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
 
427,136
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
</table>
</div>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(i)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The Company acquired a precious metal price trading license from an unrelated party in 2009 and a physical precious metal trading license from another unrelated party in 2010. These licenses allow the Company to engage in the precious metal price trading activities with the public in Hong Kong, as a result, the Company became a member of CGSE, and can engage in trading of physical precious metals.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Both licenses can be traded freely with no expiration date and hence, considered to have indefinite useful lives.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(ii)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
In 2010, the Company purchased an online precious metal trading platform from Gateway, which is controlled by Mr. Hao Tang. The platform is amortized over its useful life of
5
years. During the nine months ended September 30, 2012, the Company acquired a) another online trading platform from GIHL; b) software development for the online precious metal trading platform from Gateway; and c) a license for new trading software for trading platform in a) from MetaQuotes, all of the newly-acquired intangible assets are amortized over its useful life of
5
years. Details of a) and b) are set out in Note 10 to the interim condensed consolidated financial statements.
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td valign="top" width="5%"> </td>
<td valign="top" width="5%">
<font size="2">(iii)</font>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
These are FSA licenses identified, goodwill recognized from the acquisition of Goldenway UK and Goldtop of $427,136
and $13, respectively. Further details of the acquisition of Goldtop are set out in Note 1.
</font>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Amortization expense was $61,985
and $161,280
for the three and nine months ended September 30, 2012, respectively ($32,079
and $96,330, respectively, for the same periods ended September 30, 2011), and was recorded as depreciation and amortization in the Company’s interim condensed consolidated statements of operations and comprehensive income.
</font>
</p>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
The estimated amortization expenses for the next
5
years are as follow:
</font>
</p>
<div align="center">
<center>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2012</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
61,851
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2013</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
247,403
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2014</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
247,403
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2015</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
150,679
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2016</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="12%">
<font size="2">
 
118,438
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
</center>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Precious metal price trading licenses</font>
<sup>
<font size="2">(i)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
638,381
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<font size="2">
 
637,369
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Precious metal trading platform</font>
<sup>
<font size="2">(ii)</font>
</sup>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
1,237,016
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">
643,807
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">FSA license</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
1,529,578
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
1,529,578
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Intangible assets</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
3,404,975
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">
2,810,754
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Less: accumulated amortization</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
(386,612
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<b>
<font size="2">)</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
(225,332
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Intangible assets, net</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
3,018,363
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
 
2,585,422
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
</table>
638381
637369
1237016
643807
1529578
1529578
3404975
2810754
-386612
-225332
3018363
2585422
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">Goodwill arising on consolidation</font>
<sup>
<font size="2">(iii)</font>
</sup>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
427,149
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<font size="2">
 
427,136
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
</tr>
</table>
427149
427136
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="70%">
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2012</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
61,851
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2013</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
247,403
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2014</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
247,403
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium">
<font size="2">2015</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="12%">
<font size="2">
 
150,679
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2016</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="12%">
<font size="2">
 
118,438
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
61851
247403
247403
150679
118438
5
5
427136
13
61985
161280
32079
96330
5
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">8.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Accounts Payable</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Accounts payable consisted of the following as of September 30, 2012 and December 31, 2011:</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="right" nowrap="nowrap" width="2%"> </td>
<td align="right" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Commissions payable to agents</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
841,100
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
1,143,573
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Withdrawals requested by customers</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
108,752
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
215,135
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Other vendors</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
18,793
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
206,210
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
968,645
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
1,564,918
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
As of September 30, 2012 and December 31, 2011, the balance with other vendors includes a balance of $nil
and $54,382, respectively, payable to a company whose director is also a director of Goldenway UK.
</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">September 30,</font>
</b>
</td>
<td align="right" nowrap="nowrap" width="2%"> </td>
<td align="right" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">December 31,</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Commissions payable to agents</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="12%">
<b>
<font size="2">
 
841,100
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
1,143,573
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Withdrawals requested by customers</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="12%">
<b>
<font size="2">
108,752
</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
215,135
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Other vendors</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
18,793
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
206,210
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="12%">
<b>
<font size="2">
 
968,645
</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
1,564,918
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
841100
1143573
108752
215135
18793
206210
968645
1564918
0
54382
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">9.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Earnings Per Share</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Earnings per share information for the three and nine months ended September 30, 2012 and 2011 were determined by dividing net income attributable to the shareholders for the period by the weighted average number of both basic and diluted shares of common stock and common stock equivalents outstanding.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">For the three and nine months ended September 30, 2012 and 2011, the Company did not have any securities that may potentially dilute the basic earnings per share. Therefore the basic and diluted earnings per share for the respective periods are equal.</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">For the Nine Months Ended</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">For the Three Months Ended</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">September 30</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">September 30</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">2011</font>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<b>
<font size="2">Numerator</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-style: none; border-width: medium">
<font size="2">Net income attributable to</font>
<font size="2">common shareholders</font>
</td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<b>
<font size="2">
 
11,054,097
</font>
</b>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<font size="2">$</font>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<font size="2">
 
14,723,882
</font>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<b>
<font size="2">
 
1,701,959
</font>
</b>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<font size="2">$</font>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<font size="2">
 
8,380,785
</font>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<b>
<font size="2">Denominator</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium">
<font size="2">Weighted average shares of</font>
<font size="2">common stock</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<b>
<font size="2">
14,660,029
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<font size="2">
14,660,029
</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<b>
<font size="2">
14,660,029
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<font size="2">
14,660,029
</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Basic and diluted earnings per</font>
<font size="2">common stock</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<b>
<font size="2">
0.75
</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<font size="2">
1.00
</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<b>
<font size="2">
0.12
</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<font size="2">
0.57
</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">For the Nine Months Ended</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">For the Three Months Ended</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">September 30</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" colspan="4" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="23%">
<b>
<font size="2">September 30</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">2011</font>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<b>
<font size="2">2012</font>
</b>
</td>
<td align="center" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="center" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="center" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">2011</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<b>
<font size="2">Numerator</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" style="border-style: none; border-width: medium">
<font size="2">Net income attributable to</font>
<font size="2">common shareholders</font>
</td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<b>
<font size="2">
 
11,054,097
</font>
</b>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<font size="2">$</font>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<font size="2">
 
14,723,882
</font>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<b>
<font size="2">
 
1,701,959
</font>
</b>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" style="border-left-style: none; border-left-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="1%">
<font size="2">$</font>
</td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" width="10%">
<font size="2">
 
8,380,785
</font>
</td>
<td align="left" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<b>
<font size="2">Denominator</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium">
<font size="2">Weighted average shares of</font>
<font size="2">common stock</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<b>
<font size="2">
14,660,029
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<font size="2">
14,660,029
</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<b>
<font size="2">
14,660,029
</font>
</b>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium; border-bottom-style: double; border-bottom-width: 3" width="1%"> </td>
<td align="right" bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium; border-bottom-style: double; border-bottom-width: 3" width="10%">
<font size="2">
14,660,029
</font>
</td>
<td align="left" bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td style="border-style: none; border-width: medium"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">Basic and diluted earnings per</font>
<font size="2">common stock</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<b>
<font size="2">
0.75
</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<font size="2">
1.00
</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<b>
<font size="2">$</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<b>
<font size="2">
0.12
</font>
</b>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 3px double #000000; ; border-right-style:none; border-right-width:medium" width="10%">
 
<font size="2">
0.57
</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
11054097
14723882
1701959
8380785
14660029
14660029
14660029
14660029
0.75
1
0.12
0.57
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">10.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Related Party Transactions and Balances</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The Company has engaged in related party transactions with certain majority stockholders, directors and officers of the Company and sister companies as described below. Management believes that the transactions described below and in the related notes were completed on terms substantially equivalent to those that could prevail in arm’s-length transactions.</font>
</p>
</td>
</tr>
</table>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">The related parties are:</font>
</p>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="50%">
<font size="2">Entities</font>
</td>
<td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="25%">
<font size="2">Business</font>
</td>
<td align="left" style="BORDER-BOTTOM: #000000 1px solid" width="25%">
                   
<font size="2">Relationship</font>
</td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" width="50%">
<font size="2">Gateway</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">IT services</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">Affiliated Company -</font>
<font size="2">Controlled by Mr. Hao Tang</font>
</td>
</tr>
<tr valign="top">
<td align="left" width="50%">
<font size="2">GIHL</font>
</td>
<td align="left" width="25%">
<font size="2">Investment</font>
</td>
<td align="left" width="25%">
<font size="2">Majority Stockholder</font>
</td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" width="50%">
<font size="2">Goldenway Global Investments (New Zealand) Limited</font>
<font size="2">(“GWNZ”)</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">Foreign exchange trading</font>
<font size="2">and related brokerage</font>
<font size="2">services</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">GIHL Subsidiary or</font>
<font size="2">Sister Company</font>
</td>
</tr>
<tr valign="top">
<td align="left" width="50%">
<font size="2">Goldenway Investments (HK) Limited (“HK”)</font>
</td>
<td align="left" width="25%">
<font size="2">Securities and futures</font>
<font size="2">broker</font>
</td>
<td align="left" width="25%">
<font size="2">GIHL Subsidiary or</font>
<font size="2">Sister Company</font>
</td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" width="50%">
<font size="2">Goldenway Asset Management Limited (“GAML”)</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">Securities and asset</font>
<font size="2">management advisors</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">GIHL Subsidiary or</font>
<font size="2">Sister Company</font>
</td>
</tr>
<tr valign="top">
<td align="left" width="50%">
<font size="2">Mr. Hao Tang</font>
</td>
<td align="left" width="25%">
<font size="2">N/A</font>
</td>
<td align="left" width="25%">
<font size="2">Controlling Party of Majority</font>
<font size="2">Stockholder</font>
</td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" width="50%">
<font size="2">Keen Ocean Technology Limited (“Keen Ocean”)</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">Inactive</font>
</td>
<td align="left" bgcolor="#e6efff" width="25%">
<font size="2">Affiliated Company –</font>
<font size="2">Controlled by Mr. Jian Qin</font>
<font size="2">Huang, a director of the</font>
<font size="2">Company</font>
</td>
</tr>
<tr valign="top">
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="50%">
<font size="2">Goldenway Global Investors L.P. (“GGILP”)</font>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="25%">
<font size="2">Investment holding</font>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="25%">
<font size="2">Partnership partly-owned by</font>
<font size="2">Majority Stockholder</font>
</td>
</tr>
</table>
</div>
<ul style="TEXT-ALIGN: justify">
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Gateway
<br/>
<br/>
During the three and nine months ended September 30, 2012, the Company incurred $142,797
and $207,224, respectively, in IT
</font>
<font size="2">
service fees to Gateway ($5,346
and $37,451, respectively, for the same periods ended September 30, 2011), which were recorded as
</font>
<font size="2">
data processing and service fees under the interim condensed consolidated statements of operations and comprehensive income. As of September 30, 2012, the Company was obligated to pay approximately $556,900
in IT service fees to Gateway.
<br/>
</font>
<br/>
<font size="2">
Moreover, the Company incurred $78,972
and $78,972
for the three and nine months ended September 30, 2012,
</font>
<font size="2">respectively, in service fees in relation to data analysis to Gateway, which were recorded as advertising expenses under the interim</font>
<font size="2">
condensed consolidated statements of operations and comprehensive income. As of September 30, 2012, the Company was obligated to pay approximately $398,000
in data analysis fees to Gateway.
<br/>
</font>
<br/>
<font size="2">
During the three and nine months ended September 30, 2012, the Company also incurred $nil
and $193,000, respectively, of
</font>
<font size="2">
software developments for the online precious metal trading platform (Note 7(ii)).
<br/>
</font>
<br/>
<font size="2">
As of December 31, 2011, the Company prepaid $91,206
to Gateway for future IT services and recorded the amounts as other
</font>
<font size="2">deposits and prepaid expenses (Note 5(b)).</font>
</li>
</ul>
<ul style="text-align:justify;">
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
GIHL
<br/>
</font>
<br/>
<font size="2">
During the three and nine months ended September 30, 2012, the Company incurred $355,345
and $827,525
management fees
</font>
<font size="2">
to GIHL, respectively ($2,327,897
and $6,627,683, respectively, for the same periods ended September 30, 2011). The
</font>
<font size="2">Company also made advances to GIHL during the year ended December 31, 2011. As of September 30, 2012, the Company has</font>
<font size="2">
$68,333
net receivable from GIHL ($494,732
as of December 31, 2011).
<br/>
</font>
<br/>
<font size="2">
In addition, for the three and nine months ended September 30, 2012, the Company incurred approximately $nil
and $258,000,
</font>
<font size="2">respectively, set up fees for its online trading platforms. The fees were capitalized as intangible assets (Note 7(ii)). The</font>
<font size="2">
Company also incurred a monthly maintenance fee of approximately $46,000
and $139,000, for the three and nine
</font>
<font size="2">months ended September 30, 2012, respectively, from GIHL, which were recorded as data processing and service fees under</font>
<font size="2">
the interim condensed consolidated statements of operations and comprehensive income.
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
GWNZ
<br/>
</font>
<br/>
<font size="2">
During the three and nine months ended September 30, 2012, the Company earned $102,252
and $380,306, respectively, in
</font>
<font size="2">commissions from GWNZ (no such commissions incurred during the same periods ended September 30, 2011). As of</font>
<font size="2">
September 30, 2012, the Company has $204,881
net receivable from the GWNZ ($nil
as of December 31, 2011).
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
HK
<br/>
</font>
<br/>
<font size="2">The Company entered into a marketing and advertising service agreement with HK, whereby the Company is obligated to pay</font>
<font size="2">
approximately $700,000
annually. The agreement is subject to annual renewal. During the three and nine months ended
</font>
<font size="2">
September 30, 2012, the Company incurred $174,070
and $521,974, respectively, for advertising services ($173,226
and
</font>
<font size="2">
$520,180, respectively, for the same periods ended September 30, 2011), which were recorded as advertising expenses under the
</font>
<font size="2">interim condensed consolidated statements of operations and comprehensive income. As of September 30, 2012, the Company was</font>
<font size="2">
obligated to pay approximately $174,100
to HK for the remaining of the year under this agreement.
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
GAML
<br/>
</font>
<br/>
<font size="2">The Company entered into an investment advisory service agreement with GAML, whereby the Company is obligated to pay</font>
<font size="2">
approximately $31,000
annually. The agreement is subject to annual renewal. During the three and nine months ended
</font>
<font size="2">
September 30, 2012, the Company incurred approximately $7,700
for both periods, for investment advisory services ($nil
for
</font>
<font size="2">the same periods ended September 30, 2011), which were recorded as advertising expenses under the interim condensed</font>
<font size="2">consolidated statements of operations and comprehensive income. As of September 30, 2012, the Company was obligated to pay</font>
<font size="2">
approximately $7,736
to GAML for the remaining of the year under this agreement and has $2,579
net payable to the GAML
</font>
<font size="2">
($nil
as of December 31, 2011).
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Dividend
<br/>
</font>
<br/>
<font size="2">
Prior to the closing of the share exchange transaction, GPML declared a dividend of $4,234,406
and $18,240,268
or $0.04
and
</font>
<font size="2">
$0.18
per share, respectively, for the three and nine months ended September 30, 2011, on the
100,000,000
shares issued to
</font>
<font size="2">
GIHL. No dividend was declared during the three and nine months ended September 30, 2012.
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Mr. Hao Tang
<br/>
</font>
<br/>
<font size="2">Mr. Hao Tang, the major shareholder and an officer of the Company, has a trading account on the Company’s trading platform as</font>
<font size="2">of September 30, 2012. No trading activity was made by Mr. Tang during the three and nine months ended September 30,</font>
<font size="2">
2012 and 2011. His deposit balance in the trading account with the Company as of September 30, 2012 was $857
($56,857
</font>
<font size="2">
as of December 31, 2011).
<br/>
 
</font>
</li>
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
Keen Ocean
<br/>
</font>
<br/>
<font size="2">
In May 2012, the Company acquired a license for new trading software for trading platform of $140,666
(Note 7(ii)) through
</font>
<font size="2">Keen Ocean.</font>
</li>
</ul>
<ul style="TEXT-ALIGN: justify">
<li style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
GGILP
<br/>
</font>
<br/>
<font size="2">
During the three and nine months ended September 30, 2012, the Company sold
0
and
10
taels of gold bars for $nil
and
</font>
<font size="2">
$18,669, respectively, to GGILP (2011 – Nil), in the ordinary course of business.
</font>
</li>
</ul>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">All balances with related parties are unsecured, non-interest bearing and have no fixed terms of repayments.</font>
</p>
142797
207224
5346
37451
556900
78972
78972
398000
0
193000
91206
355345
827525
2327897
6627683
68333
494732
0
258000
46000
139000
102252
380306
204881
0
700000
174070
521974
173226
520180
174100
31000
7700
0
7736
2579
0
4234406
18240268
0.04
0.18
100000000
857
56857
140666
0
10
0
18669
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">11.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Commitments and contingencies</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<i>
<font size="2">Leases</font>
</i>
<font size="2">- The Company leases office space under non-cancellable operating lease agreements that expire on various dates through 2015. Future annual minimum lease payments, including maintenance and management fees, for non-cancellable operating leases, are as follows:</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Year ending December 31,</font>
</p>
</td>
</tr>
</table>
<br/>
<div align="right">
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2012</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
452,067
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2013</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
1,737,375
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2014</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
1,651,867
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2015</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
855,009
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
4,696,318
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
</div>
<p align="justify" style="margin-left: 5%; font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
On May 14, 2012, the Company’s solicitors commenced a legal action in the High Court of Hong Kong for the collection of an outstanding debt of RMB4,037,244
(approximately, $642,000) due from one of the Company’s payment agents (referred to hereafter as the “Proceeding”). The Proceeding is being scheduled for hearing. An allowance for this outstanding amount has been provided for.
</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="95%">
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2012</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
 
452,067
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2013</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
1,737,375
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2014</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="12%">
<font size="2">
1,651,867
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium">
<font size="2">2015</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
855,009
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="12%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium"> </td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%">
<font size="2">$</font>
</td>
<td align="right" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="12%">
<font size="2">
 
4,696,318
</font>
</td>
<td align="left" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
</tr>
</table>
452067
1737375
1651867
855009
4696318
4037244
642000
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">12.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Regulatory Requirements</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
The Company, as a member of CGSE, is subject to working capital and asset requirements. Under the requirements, the minimum required working capital, defined as cash plus precious metals, is approximately $193,000
(HK$1.5
million) and the minimum required assets are $645,000
(HK$5
million).
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
As of September 30, 2012, the GPML has $24,913,580
and $549,221
cash and trading precious metals, respectively, (as compared to $9,845,686
and $1,674,077
as of December 31, 2011).
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
The GPML’s total assets are $49,074,915
as of September 30, 2012 (as compared to $28,645,454
as of December 31, 2011).
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
In addition, the FSA requires Goldenway UK to maintain a regulatory basic capital of $161,000
(EUR125,000), and a Pillar
2
capital requirement of $818,000
(GBP507,000). As of September 30, 2012, Goldenway UK has net asset of $1,214,524.
</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The Company was in compliance with all the requirements as of September 30, 2012 and December 31, 2011.</font>
</p>
</td>
</tr>
</table>
193000
1500000
645000
5000000
24913580
549221
9845686
1674077
49074915
28645454
161000
125000
818000
507000
1214524
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">13.</font>
</b>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Segment Information</font>
</b>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">The Company has two reportable segments: i) Foreign Exchange Brokerage Services and Others segment and ii) Precious Metals segment. The Foreign Exchange Brokerage Services and Others segment consists of Goldenway UK and CII, while the Precious Metals segment represents GPML. These two segments offer different products and services. The reportable segments are managed separately because they provide distinct products and provide different services.</font>
</p>
</td>
</tr>
<tr>
<td width="5%"> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">Financial information with respect to the reportable segments and reconciliation to the amounts reported in the Company’s interim condensed consolidated financial statements for the three and nine months ended September 30, 2012 are as follows:</font>
</p>
</td>
</tr>
</table>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">For the three and nine months ended September 30, 2012, the information concerning the Company’s operations by reportable segment is as follows:</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left">
<b>
<font size="2">For the three months ended September 30, 2012</font>
</b>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Revenue from foreign exchange brokerage services</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Trading revenue</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
10,967,942
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
10,967,942
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Interest income from customers’ trading accounts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
406,239
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
406,239
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Gains from sales of gold and silver</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Fair value change of trading precious metals</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
(111,673
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
(111,673
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<b>
<font size="2">Total revenues</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
11,573,743
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
11,675,995
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income before income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
(410,846
</font>
</td>
<td align="left" nowrap="nowrap" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,666,968
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%">
<font size="2">
(48
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
2,256,074
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
554,115
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
554,115
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Depreciation and amortization</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,971
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
251,021
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
253,992
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left">
<b>
<font size="2">For the nine months ended September 30, 2012</font>
</b>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Revenue from foreign exchange brokerage services</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Trading revenue</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
39,603,880
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
39,603,880
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Interest income from customers’ trading accounts</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
1,081,819
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
1,081,819
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Gains from sales of gold and silver</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Fair value change of trading precious metals</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
(84,402
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
(84,402
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<b>
<font size="2">Total revenues</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
40,912,532
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
41,292,838
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income before income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
(1,415,056
</font>
</td>
<td align="left" nowrap="nowrap" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
15,271,820
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%">
<font size="2">
(102
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
13,856,662
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,802,565
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
2,802,565
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Depreciation and amortization</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
25,175
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
749,587
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
774,762
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
<br/>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="right">
<p align="left" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">As of September 30, 2012</font>
</b>
</p>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Additions to property and equipment</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
675,712
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
675,712
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-style: none; border-width: medium;" width="1%"> </td>
<td style="border-style: none; border-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Additions to intangible assets</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
592,188
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
592,188
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-style: none; border-width: medium;" width="1%"> </td>
<td style="border-style: none; border-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Goodwill</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
427,149
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
427,149
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<b>
<font size="2">Segment assets</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
1,656,727
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
49,074,915
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
(2,877,799
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
47,853,843
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
</table>
<br/>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;">
<font size="2">
<font size="2">D</font>
uring the three and nine months ended September 30, 2011, the Company had only one reportable segment being the Precious Metals segment.
</font>
</p>
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left">
<b>
<font size="2">For the three months ended September 30, 2012</font>
</b>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Revenue from foreign exchange brokerage services</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Trading revenue</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
10,967,942
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
10,967,942
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Interest income from customers’ trading accounts</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" width="10%">
<font size="2">
406,239
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
406,239
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Gains from sales of gold and silver</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#e6efff" nowrap="nowrap">
<font size="2">Fair value change of trading precious metals</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
(111,673
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
(111,673
</font>
</td>
<td align="left" bgcolor="#e6efff" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<b>
<font size="2">Total revenues</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
102,252
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
11,573,743
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
11,675,995
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income before income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
(410,846
</font>
</td>
<td align="left" nowrap="nowrap" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,666,968
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%">
<font size="2">
(48
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
2,256,074
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#e6efff" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
554,115
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
554,115
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#e6efff"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" width="10%"> </td>
<td bgcolor="#e6efff" width="2%"> </td>
<td bgcolor="#e6efff" width="1%"> </td>
<td bgcolor="#e6efff" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#e6efff" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Depreciation and amortization</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,971
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
251,021
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
253,992
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
102252
0
102252
0
10967942
10967942
0
406239
406239
0
311235
311235
0
-111673
-111673
102252
11573743
11675995
-410846
2666968
-48
2256074
0
554115
554115
2971
251021
253992
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="left">
<b>
<font size="2">For the nine months ended September 30, 2012</font>
</b>
</td>
<td align="left" style="border-bottom-style: solid; border-bottom-width: 1" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Revenue from foreign exchange brokerage services</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Trading revenue</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
39,603,880
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
39,603,880
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Interest income from customers’ trading accounts</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" width="10%">
<font size="2">
1,081,819
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
1,081,819
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Gains from sales of gold and silver</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
311,235
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap">
<font size="2">Fair value change of trading precious metals</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: #000000 1px solid" width="10%">
<font size="2">
(84,402
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="1%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="10%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%"> </td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-left-style:none; border-left-width:medium" width="1%"> </td>
<td align="right" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: 1px solid #000000; ; border-right-style:none; border-right-width:medium" width="10%">
<font size="2">
(84,402
</font>
</td>
<td align="left" bgcolor="#E6EFFF" nowrap="nowrap" style="BORDER-BOTTOM: medium none #000000; ; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium" width="2%">
<font size="2">)</font>
</td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<b>
<font size="2">Total revenues</font>
</b>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
380,306
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
40,912,532
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
41,292,838
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income before income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
(1,415,056
</font>
</td>
<td align="left" nowrap="nowrap" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
15,271,820
</font>
</td>
<td align="left" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-style: none; border-width: medium" width="10%">
<font size="2">
(102
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
13,856,662
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
<td bgcolor="#E6EFFF" style="border-left-style: none; border-left-width: medium" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Income taxes</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
2,802,565
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: none; border-top-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
2,802,565
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr>
<td bgcolor="#E6EFFF"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" width="10%"> </td>
<td bgcolor="#E6EFFF" width="2%"> </td>
<td bgcolor="#E6EFFF" width="1%"> </td>
<td bgcolor="#E6EFFF" style="border-right-style: none; border-right-width: medium" width="10%"> </td>
<td bgcolor="#E6EFFF" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap">
<font size="2">Depreciation and amortization</font>
</td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
25,175
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" width="10%">
<font size="2">
749,587
</font>
</td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="left" nowrap="nowrap" width="10%"> </td>
<td align="left" nowrap="nowrap" width="2%"> </td>
<td align="left" nowrap="nowrap" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium" width="10%">
<font size="2">
774,762
</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
</table>
380306
0
380306
0
39603880
39603880
0
1081819
1081819
0
311235
311235
0
-84402
-84402
380306
40912532
41292838
-1415056
15271820
-102
13856662
0
2802565
2802565
25175
749587
774762
<table border="0" cellpadding="0" cellspacing="0" style="border-color: black; border-collapse: collapse; font-size: 10pt; font-family: times new roman,times,serif;" width="100%">
<tr valign="top">
<td align="right">
<p align="left" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">As of September 30, 2012</font>
</b>
</p>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Foreign Exchange</font>
<font size="2">Brokerage Services</font>
<font size="2">and Others</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Precious Metals</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Elimination</font>
</td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="2%"> </td>
<td align="right" style="border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="1%"> </td>
<td align="right" style="border-right-style: none; border-right-width: medium; border-bottom-style: solid; border-bottom-width: 1" valign="bottom" width="10%">
<font size="2">Consolidated</font>
</td>
<td align="right" style="border-style: none; border-width: medium" valign="bottom" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1; border-bottom-style: none; border-bottom-width: medium" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-top-style: solid; border-top-width: 1" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-right-style: none; border-right-width: medium; border-top-style: solid; border-top-width: 1" width="10%">
<font size="2">$</font>
</td>
<td align="left" nowrap="nowrap" style="border-style: none; border-width: medium" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Additions to property and equipment</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
675,712
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
675,712
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-style: none; border-width: medium;" width="1%"> </td>
<td style="border-style: none; border-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Additions to intangible assets</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
592,188
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
592,188
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr>
<td> </td>
<td width="1%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-style: none; border-width: medium;" width="1%"> </td>
<td style="border-style: none; border-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
<td style="border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td style="border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td style="border-style: none; border-width: medium;" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<font size="2">Goodwill</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
-
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
427,149
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
427,149
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium;" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium;" width="10%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0);" width="2%"> </td>
</tr>
<tr valign="top">
<td align="left" nowrap="nowrap" style="background-color: rgb(230, 239, 255);">
<b>
<font size="2">Segment assets</font>
</b>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
1,656,727
</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
49,074,915
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
(2,877,799
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%">
<font size="2">)</font>
</td>
<td align="left" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-left-style: none; border-left-width: medium; background-color: rgb(230, 239, 255);" width="1%"> </td>
<td align="right" nowrap="nowrap" style="border-bottom: 3px double rgb(0, 0, 0); border-right-style: none; border-right-width: medium; background-color: rgb(230, 239, 255);" width="10%">
<font size="2">
47,853,843
</font>
</td>
<td align="left" nowrap="nowrap" style="border-width: medium; border-style: none; border-bottom: medium none rgb(0, 0, 0); background-color: rgb(230, 239, 255);" width="2%"> </td>
</tr>
</table>
0
675712
675712
0
592188
592188
0
0
427149
427149
1656727
49074915
-2877799
47853843
<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-color: black; border-collapse: collapse; font-family: times new roman,times,serif;" width="100%">
<tr>
<td valign="top" width="5%">
<b>
<font size="2">14.</font>
</b>
</td>
<td colspan="2">
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<b>
<font size="2">Subsequent Event</font>
</b>
</p>
</td>
</tr>
<tr>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr>
<td width="5%"> </td>
<td valign="top" width="5%">
<ul>
<li style="font-family: times new roman,times,serif; font-size: 10pt;"> </li>
</ul>
</td>
<td>
<p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;">
<font size="2">
On October 4, 2012, GPML signed a non-binding memorandum of understanding (the “MOU”) with Denling Limited and its sole shareholder, Ms. Yeung Yin, to explore the potential acquisition by the Company of
20,000
ordinary shares, representing
40% of the issued share capital of HXPM Holdings Limited, a company incorporated under the laws of British Virgin Islands, and its wholly-owned Hong Kong subsidiary, HXPM Limited (“HXPM”). HXPM is engaged in the trading and brokering of bullion and is also a member of CGSE. The Company is exploring the acquisition of the HXPM minority interests for a price of up HK$110
million (approximately $14.2
million) and the Company’s payment of a non-interest bearing and refundable deposit of HK$50
million (approximately $6.5
million), subject to the completion of an independent valuation of, and the conduct of due diligence on HXPM.
</font>
</p>
</td>
</tr>
</table>
20000
0.4
110000000
14200000
50000000
6500000