RESTRICTED CASH

9 Months Ended

Sep. 30, 2014

RESTRICTED CASH [Text Block]

3.

RESTRICTED CASH

Restricted Cash represents interest bearing deposits placed with banks to secure banking facilities in the form of loans and notes payable. The restriction of funds is based on time. The funds that collateralize loans are held for 60 days in a savings account that pays interest at the prescribed national daily savings account rate. For funds that underlie the notes payable, the cash is deposited in six month time deposits that pay interest at the national time deposit rate.