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          &lt;td valign="top" width="5%"&gt;3.&lt;/td&gt;
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            &lt;p align="justify" style="font-family: times new roman,times,serif; font-size: 10pt;margin:inherit;"&gt;Cash&lt;/p&gt;
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              At June 30, 2013, the Company had $5,995,555
              (December 31, 2012 &amp;#8211; $7,016,710) in cash. Pursuant to ASC 820 the fair value of cash is determined based on &amp;#8220;Level 1&amp;#8221; inputs, which consist of quoted prices in active markets for identical assets. The Company places cash investments in instruments that meet credit quality standards, as specified in the Company&amp;#8217;s investment policy guidelines.
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