0001528308-14-000029.txt : 20141117 0001528308-14-000029.hdr.sgml : 20141117 20141117134602 ACCESSION NUMBER: 0001528308-14-000029 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141117 DATE AS OF CHANGE: 20141117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMBRIDGE PROJECTS INC. CENTRAL INDEX KEY: 0001528308 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 450713638 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54485 FILM NUMBER: 141227284 BUSINESS ADDRESS: STREET 1: 245 EAST LIBERTY STREET, SUITE 200 CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 7026664298 MAIL ADDRESS: STREET 1: 245 EAST LIBERTY STREET, SUITE 200 CITY: RENO STATE: NV ZIP: 89501 10-Q 1 cambridge09302014xbrl.htm cambridge09302014xbrl.htm - Generated by SEC Publisher for SEC Filing  

 



 

FORM 10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2014

 

OR

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ________ to ________

 

Commission file number 000-54485

 

Cambridge Projects, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

 

45-0713638

 (State or other jurisdiction of incorporation or organization)

 

 (I.R.S. Employer Identification Number)

                                                                                        

245 East Liberty Street, Suite 200, Reno, Nevada, 89501

(Address of principal executive offices)

 

(702)-666-4298

(Registrant’s telephone number, including area code)

 

No change

(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ].

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [x] No [ ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See definitions of “ large accelerated filer,” “accelerated filer” and “smaller reporting company”  in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer     [ ]                                                                            Accelerated filer                     [ ]

Non-accelerated filer       [ ]                                                                            Smaller reporting company  [x]

(Do not check if a smaller reporting company)

1


 
 

 

 

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [ ] No [x].

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING

THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ].

 

APPLICABLE ONLY TO CORPORATE ISSUERS

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 33,001,000 shares of common stock, par value $.0001 per share, outstanding as of November 7, 2014.

 

 

2


 
 

 

 

 

 

CAMBRIDGE PROJECTS, INC.

 

- INDEX -

 

 

PART I – FINANCIAL INFORMATION:

Page:

 

 

 

Item 1.

Financial Statements:

 

 

 

 

 

Condensed Balance Sheets as of September 30, 2014 and June 30, 2014 (unaudited)

5

 

 

 

 

Condensed Statements of Operations for the Three Month Periods Ended September 30, 2014 and 2013 (unaudited)

 

6

 

 

 

 

Condensed Statements of Cash Flows for the Three Month Periods Ended September 30, 2014 and 2013 (unaudited)

 

7

 

 

 

 

Notes to Condensed Financial Statements (unaudited)

8

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

11

 

 

 

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

15

 

 

 

Item 4.

Controls and Procedures

15

 

 

 

 

PART II – OTHER INFORMATION:

 

 

 

 

Item 1.

Legal Proceedings

15

 

 

 

Item 1A.

Risk Factors

15

 

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

15

 

 

 

Item 3.

Defaults Upon Senior Securities

16

 

 

 

Item 4.

Mine Safety Disclosures

16

 

 

 

Item 5.

Other Information

16

 

 

 

Item 6.

Exhibits

16

 

 

 

 

Signatures

17

 

3

 

 

 


 
 

 

 

 

PART I – FINANCIAL INFORMATION

 

 

 

Item 1.  Financial Statements.


 

CAMBRIDGE PROJECTS, INC.

 

 

CONDENSED FINANCIAL STATEMENTS

 

SEPTEMBER 30, 2014

 

4

 


 
 

 

 

CAMBRIDGE PROJECTS, INC.

CONDENSED BALANCE SHEETS

(Unaudited)

 

 

September 30, 2014

 

 

June 30, 2014

ASSETS

 

 

 

 

 

CURRENT ASSETS

 

 

Cash

$ 817

$ 81

License fee receivable

73,000

48,000

Less : allowance for doubtful accounts

(18,000)

(18,000)

Total current assets

55,817

30,081

 

 

 

OTHER ASSET

 

 

Intangible asset – License

110,000

110,000

Less: Accumulated amortization

(13,687)

(10,938)

Less: Impairment

(20,000)

(15,000)

Total other assets

76,313

84,062

 

 

 

TOTAL ASSETS

$ 132,130

$ 114,143

 

 

 

LIABILITIES AND SHAREHOLDERS' DEFICIT

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

Accounts payable

$ 32,291

$ 32,291

Royalty fees payable

3,500

3,500

Due to shareholder

114,481

108,981

Deferred revenue

60,000

30,000

Total current liabilities

210,272

174,772

 

 

 

COMMITMENT AND CONTINGENCIES – Note 2

-

-

 

 

 

SHAREHOLDERS’ DEFICIT

 

 

 

 

 

Common stock, 195,000 and 200,000,000 shares authorized, respectively

of $.0001 par value; 33,001,000 issued and outstanding

 

3,300

 

3,300

Capital in excess of par value

10,261

10,261

Accumulated deficit

(91,703)

(74,190)

Total shareholders’ deficit

(78,142)

(60,629)

 

 

 

TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT

$ 132,130

$ 114,143

 

The accompanying notes are an integral part of these condensed financial statements.

 

-F1- 

5


 
 

 

 

CAMBRIDGE PROJECTS, INC.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

 

 

 

Three Months Ended September 30,

 

2014

2013

 

 

 

 

 

 

Revenues

$ -

$ 9,375

 

 

 

General and Administrative Expenses:

 

 

Professional fees

9,000

5,000

Impairment

5,000

-

Amortization

2,749

999

Office and miscellaneous

764

597

 

 

 

Total expenses

17,513

6,596

 

 

 

Net income (loss)

$ (17,513)

$ 2,779

 

 

 

 

 

 

Net income per common

share - basic and diluted

 

$ -

 

$ -

 

 

Weighted average number of common shares outstanding

 

33,001,000

 

33,001,000

 

 

 

 

 

The accompanying notes are an integral part of these condensed financial statements.

 

 

 -F2-

6


 
 

 

 

CAMBRIDGE PROJECTS, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

Three Months Ended September 30,

 

2014

2013

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

Net income (loss)

$ (17,513)

$ 2,779

Adjustments to reconcile net income to net

cash provided by (used for) operating activities:

 

 

 

 

 

Charges not requiring outlay of cash:

 

 

Amortization

2,749

999

Impairment

5,000

-

 

 

 

Changes in assets and liabilities:

 

 

Decrease (increase) in license fee receivable

(25,000)

2,000

Increases in accounts payable

-

1,500

Increase (decrease) in deferred revenue

30,000

(9,375)

 

 

 

Net cash provided by (used for) operating activities

(4,764)

(2,097)

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

-

-

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

Proceeds from shareholder loan

5,500

-

 

 

 

Net cash provided by financing activities

5,500

-

 

 

 

Net increase (decrease) in cash

736

(2,097)

 

 

 

Cash, at beginning of period

81

2,825

 

 

 

Cash, at end of period

$ 817

$ 728

 

 

 

The accompanying notes are an integral part of these condensed financial statements.

 

 

-F3-

7

 


 
 

 

CAMBRIDGE PROJECTS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2014

(Unaudited)

 

 

 NOTE 1- BASIS OF PRESENTATION

The unaudited interim financial statements of Cambridge Projects, Inc. for the three month periods ended September 30, 2014 and 2013 have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such comparable periods. The results of operations for the three month periods ended September 30, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending June 30, 2015.

Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements for year ended June 30, 2014.

Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Condensed Financial Statements and accompanying disclosures.

NOTE 2 – COMMITMENT AND CONTINGENCIES

The Company is obligated to purchase the QI System at a fixed price of $400,000 by December 31, 2016 under various extension agreements mentioned below.  There is reliance on a single project, and also a concentration in customer base and geographic area. 

NOTE 3 - RELATED PARTY TRANSACTIONS

During the quarter ended September 30, 2014, the Company President advanced a total of $ 5,500 to fund working capital needs.  The balance due to the President at September 30, 2014 was $ 114,481.  There is no interest bearing or stated terms of repayment for these advances.

-F4-

8 


 
 

 

CAMBRIDGE PROJECTS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2014

(Unaudited)

NOTE 4 - LICENSE AGREEMENTS

The Company entered into a license agreement on February 8, 2012 with Quadra International Inc. ("Quadra") to license, market and operate a pyrolic waste disposal system (“Q1 System”) in the states of Johore and Selangor, Malaysia.  This license is for a period of twenty-five years and cost $40,000.  This was capitalized as an intangible asset and is being amortized by the straight line method over a 10 year period.  Under the terms of the licensing agreement, the Company is committed to purchase and install a QI System at a cost of $400,000 by December 31, 2016 under addendum agreements dated April 24, 2013, November 18, 2013 and April 7, 2014.  Consideration for such extensions has been paid in full.  The license agreement calls for royalty fees of 5% of the fees received from sub licensors and 3% of sales of by products generated from use of the system.

 

The April 7, 2014 the addendum agreement with Quadra also amended terms to include the granting of additional territories to all states in Malaysia for consideration of $ 70,000, payable on or before April 30, 2014.  Full payment has been made.  

The Company entered into a sub-license agreement on February 15, 2012 with Zhunger Capital Partners Inc. ("Zhunger”), a licensee domiciled in Taiwan to operate the QI System in the territory of Johore.  The license rights were sold for $70,000 payable.  The Company has entered into an extension agreement with Zhunger dated April 26, 2013, November 19, 2013 and April 10, 2014 to extend the purchase date of the QI Pyrolic System until December 31, 2015 for compensation of $ 25,000, $ 30,000, and $ 30,000, respectively.   

 

The April 10, 2014 addendum agreement with Zhunger also amended the term to grant the Company the option of acquiring 50% of waste conversion operations derived from the QI System by investing $150,000. This option will expire on or before September 30, 2015.   

 

Impairment of License Value

 

The Company has determined that it is more likely than not that the value of the license has diminished.  There is no open market for this type of asset and no comparables.  Therefore we have reduced the value of the asset by

$ 20,000 to a net value of $ 76,313 based on probable future cash flows.

 

NOTE 5 - ACCOUNTS RECEIVABLE

 

Based on payment patterns the allowance for bad debts is $ 18,000. The reserve remains unchanged since June 30, 2014 as management has determined that there is substantial doubt as to the collectability of extension payments from Zhunger and will recognized revenue on extension agreements dated November 19, 2013 and April 10, 2014 based upon receipt as opposed to amortizing such amounts over the term of the agreement.  

 

NOTE 6 - BUSINESS CONCENTRATIONS

 

The Company currently has concentrations in supplier, customer, product and geographic area.  As noted above the Company has an agreement allowing it to license the disposal technology.  It has entered into a sub-license agreement granting those rights to a single licensee.  The Company is not, however, limited to this activity.

 

 

-F5-

9


 
 

 

CAMBRIDGE PROJECTS, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2014

(Unaudited)

 

NOTE 7 - INCOME TAXES

The Company files federal income taxes on a cash basis.  There is a tax loss carryforward and a loss is anticipated for the current year, therefore, no tax is accrued.  No corresponding tax asset is recorded due to a valuation allowance.

 

On August 11, 2014, the Company received a penalty assessment from the IRS in the amount of $ 10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period December 31, 2012.  The Company’s fiscal year end is June 30 and for the fiscal years ended June 30, 2013 and 2012, the Company has filed in its tax returns Form 5472.   The Company is disputing this claim and has replied to the IRS in the required time frame stating these facts.  Please see below “Subsequent Event”.   

 

NOTE 8 – COMMON AND PREFERRED STOCK

 

On August 7, 2014, the shareholders of the Company approved an amendment to the Articles of Incorporation and Bylaws to change the number of the authorized capital of common stock from Two Hundred Million (200,000,000) to One Hundred Ninety Five Million (195,000,000), par value of $ 0.0001.  Each common stock has one (1) vote. The shareholders also approved the establishment of a Preferred Stock class with an authorized capital of Five Million (5,000,000), par value of $ 0.0001. Each Preferred Stock has one hundred (100) votes.

 

NOTE 9 – SUBSEQUENT EVENT

 

On October 24, 2014, the Company received verbal confirmation from the IRS that the $ 10,000 assessment relating to the December 31, 2012 tax period, as mentioned in note 7, was cancelled upon receipt of filing of the Form 5472. 

 

 

 

-F6-

10

 

 


 
 

 

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

Forward Looking Statement Notice

 

Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) regarding the plans and objectives of management for future operations. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Cambridge Projects, Inc. (“we”, “us”, “our” or the “Company”) to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements included herein are based on current expectations that involve numerous risks and uncertainties. The Company's plans and objectives are based, in part, on assumptions involving the continued expansion of business. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes its assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance the forward-looking statements included in this Quarterly Report will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

 

Description of Business

 

The Company was incorporated in the State of Nevada on March 11, 2011 (Inception) and maintains its principal executive office at 245 East Liberty Street, Suite 200, Reno, Nevada, 89501.  Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination through the acquisition of, or merger with, an operating business. The Company filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission (the “SEC”) on August 23, 2011, and since its effectiveness the Company has focused its efforts to identify a possible business combination.

 

On February 8, 2012 we entered into a Licensing Agreement (the “Agreement”) with Quadra International Inc. (“Quadra”), a manufacturer of the QI System.  The QI System processes organic waste into marketable by-products and is proprietary technology.  We obtained exclusive licensing rights in the states of Johore and Selangor, Malaysia for a period of 25 years.  We have exclusive rights to sub-license, establish joint ventures to commercialize, use and process organic waste, and sell related by-products.   The license fee was $ 40,000 and was paid May 8, 2012.    We were required to purchase and install a QI System at a fixed price of $ 400,000 before April 30, 2013.  We are subject to a royalty of 5% on licensee fees received from appointed sub-licensees as well as 3% on gross sales from by-product generated from any operated QI System in Johore.  We were assured that an option would be available to us to obtain exclusive license rights in other states and federal territories in Malaysia with license fees varying with each state and territory. 

 

On April 24, 2013, we signed an addendum to the February 8, 2012 Agreement with Quadra whereby we were granted an extension of the purchase date for one QI System from April 30, 2013 to December 31, 2013 for an extension fee of $ 15,000 payable on or before May 15, 2013.  The addendum also provides that although the purchase deadline is extended to December 31, 2013, the installation of the QI System would be decided at a later date as approved by Quadra’s technical team.

 

On November 18, 2013, we signed an addendum to the February 8, 2012 Agreement with Quadra whereby we were granted an extension of the purchase date for one QI System from December 31, 2013 to December 31, 2014 for an extension fee of $ 20,000 payable on or before November 30, 2013.  Full payment has been made.

 

On April 7, 2014, we entered into an addendum agreement with Quadra to amend certain terms of the original agreement dated February 8, 2012 and November 18, 2013. Terms amended include the granting of additional territories to all states in Malaysia and a requirement to purchase a QI System on or before December 31, 2016 for consideration of $ 70,000, payable on or before April 30, 2014.  On April 17, 2014, we obtained a shareholder loan in the amount of $ 70,000 and such funds were remitted to Quadra for full payment. 

 

11


 
 

 

 

The  QI System is designed to handle commonly generated waste streams, whether liquid, solid, mixed or unmixed (including whole tires, all types of plastics, e-waste, shredder residues, sewage sludge, animal wastes, biomass, ligneous and infectious biohazard medical waste) and represents an environmentally friendly and commercially viable alternative to traditional methods of processing waste. The solutions are commercially viable ecological recycling models based on zero-waste philosophy. We will initially be focused on using the application for processing waste tires for conversion to biochar and fuel oil.

 

On February 15, 2012, we entered into a Sub-License Agreement with Zhunger Capital Partners Inc. (“Zhunger”), to grant exclusive rights to sub-license, establish joint ventures to commercialize, use and process organic waste, and sell related by-products for a period of 25 years in the state of Johore, Malaysia. Zhunger was subject to a sub-license fee of $ 70,000 payable in monthly installments of $ 5,000 commencing March 1, 2012 and ending April 1, 2013.  As of September 30, 2014, the sub license fee has been paid in full.  As per our Agreement with Quadra, 5% of any sub license fees received are payable to Quadra on a quarterly basis.  As additional consideration under the agreement with Quadra or the agreement with Zhunger, gross sales on by-products generated from the QI System will be subject to a 3% royalty fee.  Zhunger was required to purchase the QI System (one treatment application – used tires) for a fixed price of $ 400,000 by April 30, 2013. We have entered into discussions to establish waste conversion operations with Zhunger through a joint venture however an agreement has not materialized. There can be no assurance that any agreements will materialize.

 

On April 26, 2013, we entered into an addendum to our February 15, 2012 Sub License Agreement with Zhunger whereby we granted Zhunger an extension of the purchase date for one QI System from April 30, 2013 to December 31, 2013 for an extension fee of $ 20,000 payable in lump sum on or before April 30, 2013 or payable in 5 monthly installments of $ 5,000 per month commencing from May 1 through September 1, totalling $ 25,000. Zhunger has opted to pay the extension fee through installments.  As of September 30, 2014, a total of $ 18,000 is currently owed.   The addendum also provides that although the purchase deadline is extended to December 31, 2013, the installation of the QI System shall be determined at a later date as approved by Quadra’s technical team.

 

The Sub License Agreement was also amended to increase the royalty fee on gross sales of by-products generated from the QI System from 3% to 5%.  In addition, we will have the sole option to participate in joint venture operations with Zhunger for a $ 150,000 investment for 50% equity of the joint venture. This option was to expire on December 31, 2013.

 

On November 19, 2013, we entered into an addendum to our February 15, 2012 Sub License Agreement with Zhunger whereby we granted Zhunger an extension of the purchase date for one QI System from December 31, 2013 to December 31, 2014 for an extension fee of $ 30,000 payable in 6 monthly installments of $ 5,000 per month commencing from December 1, 2013 through May 1, 2014. 

 

On April 10, 2014, we entered into an addendum agreement with Zhunger to amend certain terms of the original agreement dated February 15, 2012 and November 18, 2013. Terms amended include the requirement to purchase a QI System by December 31, 2015 and for the extension in time, Zhunger shall pay a fee of $ 30,000 payable in monthly instalments of $5,000 per month, commencing August 1, 2014 to January 1, 2015 ( 6 payments in all).  The Company also obtained the option of acquiring 50% of waste conversion operations derived from the QI System by investing $150,000. This option will expire on or before September 30, 2015.   

 

We are under negotiations with Zhunger to reduce the amounts Zhunger owes to us under the Sub License Agreement and addendum agreements for the reasons that Zhunger has expended considerable amounts on marketing and other related costs pertaining to establishing an operational QI System in the Territory. We expect to finalize such negotiations by the next quarter end. 

 

12

 


 
 

 

It is our intention to establish joint venture operations in Johore for the operation of a QI System for waste tire treatment.  Establishing such operations will largely be dependent on our and Zhunger’s ability to raise sufficient working capital.  We are currently negotiating the terms of the joint venture with Zhunger.  There can be no assurance that such operations will materialize.

 

During the next twelve months we anticipate that a significant portion of our costs will relate to filing Exchange Act reports and professional fees for audit and legal costs.

 

There are no assurances that we will be able to secure any additional funding as needed.  Currently, however our ability to continue as a going concern is dependent upon our ability to generate future profitable operations and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. 

 

Impairment of License Value

 

The Company has determined that it is more likely than not that the value of the license has diminished.  There is no open market for this type of asset and no comparables.  Therefore we have reduced the value of the asset by $20,000 to a net value of $ 76,313 based on probable future cash flows.

 

IRS Assessment

 

On August 11, 2014, the Company received a penalty assessment from the IRS in the amount of $ 10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period December 31, 2012.  The Company’s fiscal year end is June 30 and for the fiscal years ended June 30, 2013 and 2012, the Company has filed in its tax returns Form 5472.   The Company is disputing this claim and has replied to the IRS in the required time frame stating these facts. 

 

On October 24, 2014, we received verbal confirmation from the IRS that the $ 10,000 assessment relating to the December 31, 2012 tax period was cancelled upon receipt of filing of the Form 5472. 

 

Resignation of Independent Accountant

 

Effective May 12, 2014, the Company’s independent accountant, Mr. Robert Jeffrey of Jeffrey and Company resigned.  His resignation was as a result of notification that Jeffery and Company is no longer registered with the Public Company Accounting Oversight Board.

 

On May 12, 2014, the Company appointed Michael F. Albanese as our independent accountant.  Mr. Albanese is registered with the Public Company Accounting Oversight Board.

 

 

Liquidity and Capital Resources

 

As of September 30, 2014, we had a negative working capital of $ 154,455.  Our current assets consist primarily of $ 73,000 in license fees (extension fees) receivable from Zhunger and such fees have not been received on a timely basis.   The $ 73,000 is comprised of $ 13,000 in fees owing under the April 26, 2013 agreement, and $ 30,000 each for agreements dated November 19, 2013 and April 10, 2014.  Of the $ 73,000 total, $ 58,000 is overdue.  Management has substantial doubt as to the collectability of these amounts as therefore will recognize revenue on extension agreements dated November 19, 2013 and April 10, 2014 in the amount of $ 60,000 upon receipt as opposed to amortizing such amounts over the term of the agreement. 

 

Our current assets consist primarily of amounts due to our company President and shareholder in the amount of $ 114,481 and deferred revenue of $ 60,000 relating to extension fees receivable from Zhunger as discussed above.  The amounts due to our shareholder are due on demand with no interest. Our  company President is committed to providing for our minimum working capital needs for the next 12 months and we do not expect previous loan amounts to be payable for the next 12 months. However we do not have a formal agreement that states any of these facts.  The remaining balance of our current liabilities relates to audit and consulting fees and such payments are due on demand and we expect to settle such amounts on a timely basis based upon shareholder loans to be granted to us in the next 12 months. 

 

13


 
 

 

 

We will require approximately $ 71,000 to fund our working capital needs as follows:

 

Settlement of account payable

33,000

Audit and accounting

17,000

Consulting fees – Periodic reports and Edgar/XBRL filing

15,000

Office and miscellaneous

6,000

Total

$ 71,000

 

We will not consider taking on any long-term or short-term debt from financial institutions in the immediate future.

We are dependent upon certain related parties to provide continued funding and capital resources. If continued funding and capital resources are unavailable at reasonable terms, we may not be able to implement our plan of operations.  We are also anticipating fees receivable from Zhunger for payment of their extension fee as per our agreements dated April 26, 2013, November 19, 2013 and April 10, 2014 however there can be no assurance that such payments will be made on a timely basis.  The majority shareholder has stated intent to continue funding current expenditures, but there is no guarantee of this shareholder funding. The financial statements do not include any adjustments related to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

 

Results of Operations

 

For the three month period ended September 30, 2014, we did not generate any revenues based upon management’s decision to recognize revenue upon receipt as opposed to amortizing amounts over the term of the agreement.  For the three month period ended September 30, 2013, our revenues were $ 9,375 relating to the extension agreement dated April 26, 2013 of which $ 25,000 was amortized from May through December 2013. 

 

For the nine month period ended September 30, 2014, our expenses totalled $ 17,513. 

 

 

2014

2013

General and Administrative Expenses:

 

 

Professional fees

$ 9,000

$ 5,000

Impairment

5,000

-

Amortization

2,749

999

Office and miscellaneous

764

597

 

 

 

Total expenses

$ 17,513

$ 6,596

 

Our professional fees increased as a result of an increase in audit fees and also a charge relating to the re-audit of our 2013 financial statements.  We do not anticipate this charge in the future.

 

Management regularly assesses the value of our license and has determined that the value has more than likely, diminished. As a result, management believes it would be conservative to recognized impairment of $ 5,000 per quarter.

 

Our amortization expense increased as the 2014 amount includes amortization for our 2nd license granted on April 7, 2014 for all remaining territories in Malaysia. The 2nd license was purchased for $ 70,000 and is amortized over a 10 year period.

 

14


 
 

 

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.  

 

Contractual Obligations

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide this information.

 

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

 

Item 4.  Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed pursuant to the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules, regulations and related forms, and that such information is accumulated and communicated to our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

 

As of September 30, 2014, we carried out an evaluation, under the supervision and with the participation of our principal executive officer and our principal financial officer of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report. 

 

Changes in Internal Controls

 

There have been no changes in our internal controls over financial reporting during the quarter ended September 30, 2014 that have materially affected or are reasonably likely to materially affect our internal controls.

 

 

PART II — OTHER INFORMATION

 

Item 1.  Legal Proceedings.

 

There are presently no material pending legal proceedings to which the Company, any executive officer, any owner of record or beneficially of more than five percent of any class of voting securities is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

 

Item 1A.  Risk Factors.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None. 

 

15


 
 

 

Item 3.  Defaults Upon Senior Securities.

 

None.

 

Item 4.  Mine Safety Disclosures.

 

N/A

Item 5.  Other Information.

 

On April 21, 2014, we filed a Form 8K, Item 1.01, announcing our agreement with Quadra dated April 7, 2014 and agreement with Zhunger dated April 10, 2014.  The agreement with Quadra provided us with rights to additional territories in Malaysia and the agreement with Zhunger provided an extension in the purchase date requirement.

 

On May 20, 2014, we filed a Form 8K, Item 4.01 announcing the resignation of our independent accountant and the appointment of a successor effective May 12, 2014.

 

On June 17, 2014, we filed a Form 8K/A, Item 4.01 and 9.01 to amend the original Form 8K filed on May 20, 2014 to comply with Regulation SK Item 304 and to also include exhibit 16.1 containing the auditor consent letter.

 

On September 3, 2014, we filed a Form 8K, Item 5.03 and 9.01 to announce that on August 7, 2014, the shareholders approved an amendment to the Articles of Incorporation and Bylaws to change the number of the authorized capital of common stock from Two Hundred Million (200,000,000) to One Hundred Ninety Five Million (195,000,000), par value of $ 0.0001.  Each common stock has one (1) vote. The shareholders also approved the establishment of a Preferred Stock class with an authorized capital of Five Million (5,000,000), par value of $ 0.0001. Each Preferred Stock has one hundred (100) votes.

 

Item 6.  Exhibits.

 

(a)  Exhibits required by Item 601 of Regulation S-K.

 

Exhibit No.

Description

3.1

Certificate of Incorporation, as filed with the Nevada Secretary of State on March 11, 2011*

3.1(a)

Amendment to Articles of Incorporation as filed with the Nevada Secretary of State on August 7, 2014**

3.2

By-laws*

3.2(a)

Amended Bylaws**

31.1

Certification of the Company’s Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014.

32.1

Certification of the Company’s Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 

101

Financial statements from the quarterly report on Form 10-Q of the Company for the quarter ended September 30, 2014, formatted in Extensible Business Reporting Language (XBRL): (i) the Statements of Operations, (ii) the Balance Sheets, (iii) the Statements of Cash Flows (iv) the Statement of Shareholders’ Equity and (v) the Notes to Financial Statements.

 

*Filed as an exhibit to the Company's Registration Statement on Form 10, as filed with the SEC on August 23, 2011, and incorporated herein by this reference.

** Filed as and exhibits to the Company’s Form 8K, as filed with the SEC on September 3, 2014, and incorporated herein by this reference.

 

16


 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

CAMBRIDGE PROJECTS INC.

Dated: November 7, 2014

By:

/s/ Locksley Samuels     

 

 

Locksley Samuels

 

 

President and Director

Principal Executive Officer

Principal Financial Officer

 

17

EX-31 2 cambridge09302014ex311.htm cambridge09302014ex311.htm - Generated by SEC Publisher for SEC Filing

 

EXHIBIT 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Locksley Samuels, certify that:

 

1.             I have reviewed this Quarterly Report on Form 10-Q of Cambridge Projects Inc.;

 

2.             Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.             Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.             The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a)       Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;

b)       Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)       Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)       Disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

 

5.             The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions);

 

a)       All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)       any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Dated: November 7, 2014

By: /s/ Locksley Samuels

Locksley Samuels, President, CEO, CFO, Treasurer, and Director

 

EX-32 3 cambridge09302014ex321.htm cambridge09302014ex321.htm - Generated by SEC Publisher for SEC Filing

 

 

 

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Cambridge Projects Inc. a Nevada corporation (the "Company") on Form 10-Q for the quarter ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Locksley Samuels, President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director of the Company, certifies to the best of his knowledge, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:

 

 

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

 

/s/ Locksley Samuels

 

Locksley Samuels

 

President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director

 

Date: November 7, 2014

 

 

 

 

 

EX-101.INS 4 cik1528308-20140930.xml 0001528308 2014-11-07 0001528308 2014-09-30 0001528308 2014-06-30 0001528308 2014-07-01 2014-09-30 0001528308 2013-07-01 2013-09-30 0001528308 2013-06-30 0001528308 2013-09-30 0001528308 cik1528308:LicensingAgreementQuadraInternationalMember 2012-02-08 0001528308 cik1528308:LicensingAgreementQuadraInternationalMember 2012-01-08 2012-02-08 0001528308 cik1528308:SublicenseAgreementZhungerCapitalPartnersMember 2012-02-15 0001528308 cik1528308:AddendumToLicenseAgreementQuadraInternationalMember 2014-04-07 0001528308 cik1528308:SublicenseAgreementZhungerCapitalPartnersMember 2013-04-26 0001528308 cik1528308:SublicenseAgreementZhungerCapitalPartnersMember 2013-11-19 0001528308 cik1528308:SublicenseAgreementZhungerCapitalPartnersMember 2014-04-10 0001528308 cik1528308:LicensingAgreementQuadraInternationalMember 2014-07-01 2014-09-30 0001528308 cik1528308:LicensingAgreementQuadraInternationalMember 2014-09-30 0001528308 us-gaap:SubsequentEventMember 2014-10-01 2014-10-24 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure 33001000 817 81 73000 48000 18000 18000 55817 30081 110000 110000 13687 10938 20000 15000 76313 84062 132130 114143 32291 32291 3500 3500 114481 108981 60000 30000 210272 174772 195000 200000000 0.0001 33001000 3300 3300 10261 10261 -91703 -74190 -78142 -60629 132130 114143 33001000 33001000 33001000 0.0001 9375 9000 5000 5000 2749 999 764 597 17513 6596 -17513 2779 33001000 33001000 2749 999 25000 -2000 1500 30000 -9375 -4764 -2097 5500 5500 736 -2097 2825 728 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" line-height: 12pt; text-indent: -1.2pt; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 1- BASIS OF PRESENTATION</font></strong></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">The unaudited interim financial statements of Cambridge Projects, Inc. for the three month periods ended September 30, 2014 and 2013 have been prepared in accordance with United States generally accepted accounting principles (&#147;</font><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">GAAP</font></strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">&#148;). In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such comparable periods. The results of operations for the three month periods ended September 30, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending June 30, 2015.</font></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements for year ended June 30, 2014.</font></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Condensed Financial Statements and accompanying disclosures.</font></p> </div> </div> 400000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 2 &#150; COMMITMENT AND CONTINGENCIES</font></strong></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">The Company is obligated to purchase the QI System at a fixed price of $<font>400,000</font> by December 31, 2016 under various extension agreements mentioned below.&#160; There is reliance on a single project, and also a concentration in customer base and geographic area.&#160;</font></p> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 3 - RELATED PARTY TRANSACTIONS&#160;</font></strong></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">During the quarter ended September 30, 2014, the Company President advanced a total of $ <font>5,500</font> to fund working capital needs.&#160; The balance due to the President at September 30, 2014 was $ <font>114,481</font>.&#160; There is no interest bearing or stated terms of repayment for these advances.</font></p> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;"></font></strong></p><p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 8 &#150; COMMON AND PREFERRED STOCK</font></strong></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; background: white; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; background: white; font-family : Times New Roman;"><font lang="EN-US" color="black" style=" font-size: 10pt; font-family : Times New Roman;">On August 7, 2014, the shareholders of the Company approved an amendment to the&#160;Articles of Incorporation and Bylaws to change the number of the authorized capital of common stock&#160;from Two Hundred Million (<font>200,000,000</font>) to One Hundred Ninety Five Million (<font>195,000,000</font>), par value of $ <font>0.0001</font>.&#160; Each common stock has one (<font>1</font>) vote. The shareholders&#160;also approved the establishment of a Preferred Stock class with an authorized capital of Five Million (<font>5,000,000</font>), par value of $ <font>0.0001</font>. Each Preferred Stock has one hundred (<font>100</font>) votes.</font></p><p style=" text-align: justify; margin: 0cm 0cm 0pt; background: white; font-family : Times New Roman;"><font lang="EN-US" color="black" style=" font-size: 10pt; font-family : Times New Roman;"></font></p> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">1</div> 5000000 0.0001 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">100</div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 7 - INCOME TAXES</font></strong></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">The Company files federal income taxes on a cash basis.&#160; There is a tax loss carryforward and a loss is anticipated for the current year, therefore, no tax is accrued.&#160; No corresponding tax asset is recorded due to a valuation allowance.</font></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">On August 11, 2014, the Company received a penalty assessment from the IRS in the amount of $ <font>10,000</font> for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a <font>25</font>% Foreign Owned US Corporation for the tax period December 31, 2012.&#160; The Company's fiscal year end is June 30 and for the fiscal years ended June 30, 2013 and 2012, the Company has filed in its tax returns Form 5472.&#160;&#160; The Company is disputing this claim and has replied to the IRS in the required time frame stating these facts.&#160; Please see below &#147;Subsequent Event&#148;. &#160;&#160;</font></p> </div> </div> 10000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 5 - ACCOUNTS RECEIVABLE</font></strong></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">Based on payment patterns the allowance for bad debts is $ <font>18,000</font>. The reserve remains unchanged since June 30, 2014 as management has determined that there is substantial doubt as to the collectability of extension payments from Zhunger and will recognized revenue on extension agreements dated November 19, 2013 and April 10, 2014 based upon receipt as opposed to amortizing such amounts over the term of the agreement. &#160;</font></p> </div> </div> 20000 76313 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" margin: 0cm 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 6 - BUSINESS CONCENTRATIONS</font></strong></p> <p style=" margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">The Company currently has concentrations in supplier, customer, product and geographic area.&#160; As noted above the Company has an agreement allowing it to license the disposal technology.&#160; It has entered into a sub-license agreement granting those rights to a single licensee.&#160; The Company is not, however, limited to this activity.</font></p> </div> </div> 40000 400000 0.05 0.03 70000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 4 - LICENSE AGREEMENTS</font></strong></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">The Company entered into a license agreement on February 8, 2012 with Quadra International Inc. ("Quadra") to license, market and operate a pyrolic waste disposal system (&#147;Q1 System&#148;) in the states of Johore and Selangor, Malaysia.&#160; This license is for a period of <font>twenty-five</font> years and cost $<font>40,000</font>.&#160; This was capitalized as an intangible asset and is being amortized by the straight line method over a <font>10</font> year period.&#160; Under the terms of the licensing agreement, the Company is committed to purchase and install a QI System at a cost of $<font>400,000</font> by December 31, 2016 under addendum agreements dated April 24, 2013, November 18, 2013 and April 7, 2014.&#160; Consideration for such extensions has been paid in full.&#160; The license agreement calls for royalty fees of <font>5</font>% of the fees received from sub licensors and <font>3</font>% of sales of by products generated from use of the system.</font></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" style=" font-size: 10pt; font-family : Times New Roman;">The April 7, 2014 the addendum agreement with Quadra also amended terms to include the granting of additional territories to all states in Malaysia for consideration of $ <font>70,000</font>, payable on or before April 30, 2014.&#160; Full payment has been made.&#160;&#160;</font></p> <p style=" text-align: justify; line-height: 12pt; margin: 7.5pt 0cm 0pt; font-family : Times New Roman;"><font lang="EN-US" style=" font-size: 10pt; font-family : Times New Roman;">The Company entered into a sub-license agreement on February 15, 2012 with Zhunger Capital Partners Inc. ("Zhunger&#148;), a licensee domiciled in Taiwan to operate the QI System in the territory of Johore.&#160; The license rights were sold for $<font>70,000</font> payable.&#160; The Company has entered into an extension agreement with Zhunger dated April 26, 2013, November 19, 2013 and April 10, 2014 to extend the purchase date of the QI Pyrolic System until December 31, 2015 for compensation of $ <font>25,000</font>, $ <font>30,000</font>, and $ <font>30,000</font>, respectively.&#160; &#160;</font></p> <p style=" margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" style=" font-size: 10pt; font-family : Times New Roman;">The April 10, 2014 addendum agreement with Zhunger also amended the term to grant the Company the option of acquiring <font>50</font>% of waste conversion operations derived from the QI System by investing $<font>150,000</font>. This option will expire on or before September 30, 2015.&#160;&#160;&#160;</font></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font style=" text-decoration: underline;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">Impairment of License Value</font></font></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">The Company has determined that it is more likely than not that the value of the license has diminished.&#160; There is no open market for this type of asset and no comparables.&#160; Therefore we have reduced the value of the asset by</font></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">$ <font>20,000</font> to a net value of $ <font>76,313</font> based on probable future cash flows.</font></p> </div> </div> 70000 25000 30000 30000 150000 P10Y P25Y 0.50 10000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><strong><font lang="EN-CA" style=" font-size: 10pt; font-family : Times New Roman;">NOTE 9 &#150; SUBSEQUENT EVENT</font></strong></p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;">&#160;</p> <p style=" text-align: justify; margin: 0cm 0cm 0pt; font-family : Times New Roman;"><font lang="EN-CA" color="black" style=" font-size: 10pt; font-family : Times New Roman;">On October 24, 2014, the Company received verbal confirmation from the IRS that the $ <font>10,000</font> assessment relating to the December 31, 2012 tax period, as mentioned in note 7, was cancelled upon receipt of filing of the Form 5472.&#160;</font></p> </div> </div> CAMBRIDGE PROJECTS INC. Smaller Reporting Company 2015 Q1 0001528308 10-Q 2014-09-30 false --06-30 EX-101.SCH 5 cik1528308-20140930.xsd 001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 002 - Statement - CONDENSED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 003 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 004 - Statement - CONDENSED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 006 - Statement - CONDENSED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 101 - Disclosure - BASIS OF PRESENTATION link:presentationLink link:calculationLink link:definitionLink 103 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 104 - Disclosure - LICENSE AGREEMENTS link:presentationLink link:calculationLink link:definitionLink 105 - Disclosure - ACCOUNTS RECEIVABLE link:presentationLink link:calculationLink link:definitionLink 106 - Disclosure - BUSINESS CONCENTRATIONS link:presentationLink link:calculationLink link:definitionLink 107 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 109 - Disclosure - SUBSEQUENT EVENT link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - LICENSE AGREEMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - ACCOUNTS RECEIVABLE (Details) link:presentationLink link:calculationLink link:definitionLink 102 - Disclosure - COMMITMENT AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - COMMITMENT AND CONTINGENCIES (Details) link:presentationLink link:calculationLink link:definitionLink 108 - Disclosure - COMMON AND PREFERRED STOCK link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - COMMON AND PREFERRED STOCK (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - SUBSEQUENT EVENT (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 cik1528308-20140930_cal.xml EX-101.DEF 7 cik1528308-20140930_def.xml EX-101.LAB 8 cik1528308-20140930_lab.xml Amendment Flag Current Fiscal Year End Date Document Period End Date Entity Filer Category Entity Registrant Name Entity Central Index Key Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Period Focus Document Type Accounts and Other Receivables, Net, Current License fee receivable Accounts payable Accrued Liabilities, Current Additional Paid in Capital Capital in excess of par value Amortization Amortization Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by (used for) operating activities: Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Charges not requiring outlay of cash: Allowance for bad debts Allowance for Doubtful Accounts Receivable, Current Less: allowance for doubtful accounts Allowance for Doubtful Accounts Receivable, Period Increase (Decrease) Increase in allowance for bad debts Asset Impairment Charges Impairment Assets TOTAL ASSETS Assets, Current [Abstract] CURRENT ASSETS ASSETS Assets [Abstract] Assets, Current Total current assets Cash and Cash Equivalents, Period Increase (Decrease) Net increase (decrease) in cash Cash Cash and Cash Equivalents, at Carrying Value Cash, at beginning of period Cash, at end of period Common Stock, Par or Stated Value Per Share Common stock, par value Common stock, 195,000 and 200,000,000 shares authorized, respectively of $.0001 par value; 33,001,000 issued and outstanding Common Stock, Value, Issued Common stock shares issued Common Stock, Shares, Issued Common stock, authorized shares Common Stock, Shares Authorized Common stock shares outstanding Common Stock, Shares, Outstanding BUSINESS CONCENTRATIONS Concentration Risk Disclosure [Text Block] Contractual Obligation Purchase obligation Debt Instrument, Issuance Date Monthly installment commencement date Debt Instrument, Periodic Payment Monthly installment amount Debt Instrument, Maturity Date Monthly installment, end date Deferred revenue Deferred Revenue, Current Amortization Depreciation, Depletion and Amortization, Nonproduction Due to President Due to Related Parties, Current Due to shareholder Earnings Per Share, Basic and Diluted Net income per common share - basic and diluted Equity [Abstract] SHAREHOLDERS' DEFICIT Cost of license Finite-Lived License Agreements, Gross Amortization period Finite-Lived Intangible Asset, Useful Life Less: Accumulated amortization Finite-Lived Intangible Assets, Accumulated Amortization Finite-Lived Intangible Assets, Net License value, net General and Administrative Expense [Abstract] General and Administrative Expenses: LICENSE AGREEMENTS [Abstract] Impairment of Intangible Assets, Finite-lived Impairment of license value CONDENSED STATEMENTS OF OPERATIONS [Abstract] INCOME TAXES [Abstract] Income Tax Disclosure [Text Block] INCOME TAXES Increase (Decrease) in Accounts Payable Increases in accounts payable Increase (Decrease) in Accrued Liabilities Increases in accrued expenses Increase (Decrease) in Deferred Revenue Increase (decrease) in deferred revenue Changes in assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Increase (Decrease) in Receivables Decrease (increase) in license fee receivable Increase (Decrease) in Prepaid Expense Increase in prepaid expense Increase (Decrease) in Royalties Payable Increases in royalty fee payable Intangible asset - License Intangible Assets, Current LICENSE AGREEMENTS LICENSE AGREEMENTS [Text Block] Liabilities, Current Total current liabilities Liabilities and Equity TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT CURRENT LIABILITIES Liabilities, Current [Abstract] Liabilities and Equity [Abstract] LIABILITIES AND SHAREHOLDERS' DEFICIT ACCOUNTS RECEIVABLE Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Net income (loss) Net income (loss) Net Income (Loss) Attributable to Parent CASH FLOWS FROM FINANCING ACTIVITIES Net Cash Provided by (Used in) Financing Activities [Abstract] Net cash provided by (used for) operating activities Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net cash provided by financing activities Net Cash Provided by (Used in) Financing Activities, Continuing Operations CASH FLOWS FROM INVESTING ACTIVITIES Net Cash Provided by (Used in) Investing Activities CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used in) Operating Activities [Abstract] Financing Receivable, Gross License rights receivable Operating Expenses Total expenses BASIS OF PRESENTATION [Abstract] BASIS OF PRESENTATION Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Other Assets, Noncurrent Total other assets OTHER ASSET Other Assets, Noncurrent [Abstract] Proceeds from president advance Proceeds from Related Party Debt Proceeds from shareholder loan Professional Fees Professional fees Allowance for bad debts Provision for Doubtful Accounts ACCOUNTS RECEIVABLE [Abstract] RELATED PARTY TRANSACTIONS Related Party Transactions Disclosure [Text Block] RELATED PARTY TRANSACTIONS [Abstract] Accumulated deficit Accumulated deficit Retained Earnings (Accumulated Deficit) Revenues Revenues BUSINESS CONCENTRATIONS [Abstract] Royalties Royalty Expense Royalty fees payable Royalty Guarantees, Commitments, Amount CONDENSED STATEMENTS OF CASH FLOWS [Abstract] CONDENSED BALANCE SHEETS [Abstract] Stockholders? Equity Attributable to Parent Total shareholders' deficit SUBSEQUENT EVENT Subsequent Events [Text Block] SUBSEQUENT EVENT [Abstract] Subsequent Event [Table] Subsequent Event [Line Items] Subsequent Event [Member] Subsequent Event Type [Domain] Subsequent Event Type [Axis] Office and miscellaneous Supplies and Postage Expense Weighted average number of common shares outstanding Weighted Average Number of Shares Outstanding, Basic and Diluted Addendum To License Agreement Quadra International Member Addendum To License Agreement Quadra International [Member] Addendum To Sub License Agreement Zhunger [Member] Addendum To Sub License Agreement Zhunger [Member] Document and Entity Information. Document And Entity Information [Abstract] Carrying value as of the balance sheet date of obligations incurred for license agreement extension. Extension fee payable Extension Fee Payable Extension fee The amount of expense recognized from extension fee payments per the license agreement. Extension Fee Per Agreement The amount of extension fee owed to company under sub-license agreement. Extension fee owed to company under sub-license agreement Extension Fee Receivable Going concern abstract. GOING CONCERN [Abstract] GOING CONCERN Going concern text block. Going Concern License And Sublicense Agreements [Axis] License And Sublicense Agreements [Axis] License And Sublicense Agreements [Domain] License And Sublicense Agreements [Domain] License And Sublicense Agreements [Line Items] License And Sublicense Agreements [Line Items] License And Sublicense Agreements [Table] License And Sublicense Agreements [Table] Licensing Agreement Quadra International [Member] Licensing Agreement Quadra International[Member] Ownership Interest In Operations Percentage of waste conversion operations The percentage of waster conversion operations offered in option. Percent Of Royalty On Sales Percentage of royalty fee on gross sales The royalty percentage that is due from sales. Percent Of Royalty On Sublicensor Fees Percentage of royalty on sub licensors fees The royalty percentage that must be paid on fees received from sub-licensors. Required Investment To Purchase Percentage Of Operations Option investment amount The amount of the required investment to purchase percentage of waste conversion operations per option agreement. Sublicense Agreement Zhunger Capital Partners [Member] Sublicense Agreement Zhunger Capital Partners [Member] Term Of License Agreement Period between beginning and ending of license agreement. Duration of license agreement Working Capital Working capital deficit Current assets less current liabilities. Intangible Assets Accumulated Impairment Less: Impairment Less: Impairment Commitments and Contingencies COMMITMENT AND CONTINGENCIES - Note 2 COMMITMENT AND CONTINGENCIES [Abstract] Commitments and Contingencies Disclosure [Text Block] Long-term Purchase Commitment, Amount COMMITMENT AND CONTINGENCIES Purchase obligation COMMON AND PREFERRED STOCK [Abstract] Stockholders' Equity Note Disclosure [Text Block] Common Stock, Voting Rights Preferred Stock, Shares Authorized Preferred Stock, Par or Stated Value Per Share COMMON AND PREFERRED STOCK Common stock, votes per share Preferred stock, authorized shares Preferred stock, par value Option To Acquire Waste Conversion Operations Percentage Option to acquire waste conversion operations, percentage The percentage the company can acquire of waste conversion operations. Income Tax Examination, Penalties Accrued Penalty assessment Preferred Stock, Voting Rights Preferred stock, votes per share Subsequent Event, Effect of Change in Tax Status Amount of penalty assessment cancelled Accumulated impairment for intangible assets as of the balance sheet date. EX-101.PRE 9 cik1528308-20140930_pre.xml EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0"GC=:&K@$``#P/```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,EUU/@S`4AN]-_`^DMP9* M4>*0DI68$EH^'EQ6"RTF`#7RUM M2@KG]`.E-BN@YC92&J3?R96IN?.W9DHUSV9\"C2)XQ[-E'0@7>B:'F0X>(*< MSRL7/"_]XS6)@Z*C/N/"E=2+&G$FX4(E_9GK%%J>V5QR"T M4Z'9^5U@4_?F1V-*`<&8&_?*:X]!EQ7]4F;VJ=0L.MRD@U+E>9F!4-F\]A.( MK#;`A2T`7%U%[1K5O)1;[@/Z[6%+VX6=&:1YO[;QB1P)$HYK)!PW2#AND7#T MD'#<(>'H(^&X1\+!8BP@6!R58;%4AL53&19395A4"VY`O#OC4]S9`7[V/L3A M,\[8*&U]VC-P^A2V<:ZI#K5O!,:5L`MT7<%HI^B3XNF">\D,FBPJ0'1HTS;[ M#K\!``#__P,`4$L#!!0`!@`(````(0"U53`C]0```$P"```+``@"7W)E;',O M+G)E;',@H@0"**```@`````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````````````````````````````````````````C)+/3L,P#,;O2+Q#Y/OJ M;D@(H:6[3$B[(50>P"3N'[6-HR1`]_:$`X)*8]O1]N?//UO>[N9I5!\<8B]. MP[HH0;$S8GO7:GBMGU8/H&(B9VD4QQJ.'&%7W=YL7WBDE)MBU_NHLHN+&KJ4 M_"-B-!U/%`OQ['*ED3!1RF%HT9,9J&74"T\U<%J"`=[!ZH^^CSY MLK$SO+=N5#9@NIS]NHFD++28,5\YS3$$X4UD^&'!Q0]47P`` M`/__`P!02P,$%``&``@````A`#B30&6&`0``V0T``!H`"`%X;"]?'0Y=S0:;78_;9-\H?.U-9F`22H2-+DM:E-FXN/P^K02 MB0_:%+JQ!C-Q1B]VV\>'S1LV.L2??%5W/HE1C,]$%4+W+*7/*VRUG]@.35PY M6M?J$(>NE)W.3[I$J=)T(=W?&&)[$S/9%YEP^R+N?SAW<>?_8]OCL<[QQ>:? M+9IP9POY;=W)5X@A!M6NQ)")8\'UG*L4DH.]QDG MCSBW4Z11P(Z&9*-F8^:-K[3#XCVXV*7X&/ARE=],4VDS'U/,T$!HR%-K_X,4Y?, MG5%BN-&09(`;#9!LU*A=1(CO*;RZU`]E_QVJKKQYD&U_`0``__\#`%!+`P04 M``8`"````"$`@=Y*M\D"``!/!P``#P```'AL+W=O)L8_7E8BSP9F[\(V#9ZM\EADKP-S02<_;DVCDE$61TF>\8'Y MP2OS[+KV#DZ[58\7&^VJ8\DWN0DB>1!/K51A25 M.7Q8BX0O]Q4945'X40J\WQ/32*)*XEA('@_,*PCS'6\LE-MBM!4)[-[U[;YI M#8]%SDLCYNMHFT@*Y1W002_GTG&NU9M*BJ7@N^HS287&^XO(XGRG7@5I/XY1 M'PCLZJT7$Y!93W3*.\%_"F]N*>(ZRANX(^Q3_"8C=`4^2YFY!EC2K1\1\MW MOIK/YE')P>@CB[Z&4@M]F@6AB.(9]BEAP80%:GG/V'? M]7!#4UV.FS:%$$]!A3&;HY#^831$/D&NHM&`T+6X;4-,/5?9RM!3B/=ZZB7H M`MRU4Y'K!@ME0(A=["W1:(KUW&M-O)[=3AXMB.=C0E3EP`"X=WC?Z`"=AO1\ M-YAA1M'OIF`PE(Z>]4ZTX6P6^+7D8-L$AR'(1VC@_M2IW^D8G28DBQ'!OQ;* M.KR$7RVS#Q?Y\_03C7?>=#;6<'JZ\!"T+N-YW]F82QVG84*G";OFJ_Q())6& MT6_,A4X/GNB"$R"]ABV=+M3-/)7=,*33B-`(9TQMR='7KR0,W9:L;6-/,'%T M,2!0\[>^UC!T5U&R@J^!>JAQ6L-;AV_A\#\```#__P,`4$L#!!0`!@`(```` M(0!6[I[CB@,``%P+```8````>&PO=V]R:W-H965T&ULE)9= M;YLP%(;O)^T_(.X;O@(D49*JH>I6:9.F:1_7#CB)5<#(=IKVW^^80PAVVBR] M:0-^>?V<#PZ>W[Y4I?-,A62\7KC!R'<=6N>\8/5VX?[^]7`S<1VI2%V0DM=T MX;Y2Z=XN/W^:'[AXDCM*E0,.M5RX.Z6:F>?)?$\H36L;+BHB()+L?5D M(R@IVH>JT@M]/_$JPFH7'6;B&@^^V;"LD4>W*K_& MKB+B:=_6U/7J?+9X[;F@JQ+B/LE&)/\Z-U>G-E7+!=<\HT: M@9V'H.<$@`IUV1]#-PKT+9ED0N=YRWB;H#Z,'.?CMR!T_?!&L M^,9J"MF&.ND*K#E_TM+'0M^"A[VSIQ_:"OP03D$W9%^JG_SPE;+M3D&Y8XA( M!S8K7N^IS"&C8#,*8^V4\Q(`X*]3,=T:D!'RTOX_L$+M%FZ4C.+4CP*0.VLJ MU0/3EJZ3[Z7BU5\4!9T5FH2=203TW7HX"B=Q$"?_=_&0J`WPGBBRG`M^<*!K M8$_9$-V#P0RZ%"C-KD3KLLW-1U(`H)]7E>QNG<>X:4YIUD=2X) M3$5V5.A*`%V/"($/$=].^I%$BS6)+H)&6^$-\.[10FO?WMD1,EX*#$5V26%@0@F0\3+:%J\<"'^/C>);VZ\0LD0 M;3PV)1E*)FW9IU$:]\L&Z]6!:;.8LL;IEA9(AV&GC-JO9)86!EGP$38NM MG%D-M4))@@GQ?2NEV7`Y'BX;4/`R79\O+;:@HKX,V&,H02AC5TP6+@_3.:BS M`:8_:H.)<;G#M-@"L]IGA1($"].Q]6YDN#S&9$Y/JP;3]"-,6FPQ6:VS0@EN MFB86<39G06<@!3`8KL]3J[:@$JN"G08S%:1Q8)4X,P1)/#T9F&1ZT%Y= MP0#'LC$D3B%C;W4:'`$W;Z*A"RK"-'VGCH&>Q0.TZR9L^Y25O-,$[Q!QRK_3 MX/@.=#[O:,P^HF)+ M,UJ6TLGY7A]40GB?^KO](>HNU-]-Z_Y*'Z[T?:]?@+--0[;T.Q%;5DNGI!NP M]$&PO=V]R:W-H965T MOA)(@T*JA*Y;I4V:IGT\.V"" M5<#(=IKVW^_:)@1(&B5Y"&`?'Y][[O7'XN&M*JU7P@5E=8P\VT46J5.6T7H; MHS^_G^[ND24DKC-6[BI22T/" M28DEZ!<%;<2!K4JOH:LP?]DU=RFK&J#8T)+*=TV*K"J-GKE'@>^/1*3@*-#8?J"84E:"`/BW*JI*`QS!;_JYIYDL8C0) M[6#F3CR`6QLBY!-5E,A*=T*RZI\!Z8@Z$K\E@6=+X@7VU`]F][>P3%H6>!Y8 M@/"R!,>$H]UYQ!(O%YSM+2@Y$"P:K`K8BX#P8(L)HC/J(Y_`($6R4BPQFB$+ M+!"0W->E%TX7SBLD)&TQ:X.!_R-FB$@.")5'D-=IA.CZ&L^G["!%@944E4*E M;6T:^O/ZHWG/(((.,E`"#O65*+%F;`L<(#.B2$HSS9B"AR>H\<%UWJ#WI`V!7,[\.,]`&2^5Z;0H\ MTC:VS4#F1MN7NY'TY,/N@:CP%E$*#&NE[Y@7CG*U-B#PY>AJYX?)ID'X_:H\ MD@S4P:*ZWC(%UNJZZC!ZUS3ZI)#N1]I: MU/G9326UD&M*"<[76Q2VV[%_W$HU08S::CK)8=O=+RAS'IL3IR)\2Q)2EL)* MV4Z=M0&49=?:W0-6>L9Q>QBM]*8^:D_"*#G7OO+<:`6"H+3'(Z"GO6HX71<< M]0W>DA^8;VDMK)+D(,^U9["#<'-9,!^2-9`T.&V9A$->OQ9PJ2-PT+@V@'/& MY.%#K:KNFKC\#P``__\#`%!+`P04``8`"````"$`NHH#BAP"``",!```&0`` M`'AL+W=O5^@Z6]X.!3-(, M`D8SBM*.U$I5UC/=$DNP4GJ=GNQCNFY0B(C1B$>PU0C"0K7CJE#=T, M4/9YC4 M9>C/3\$G^^8>V5Y/'XUH/@O%H=DP)C^`C=9;+WUI_$\03*ZBUV$`7PUJ>$MW M@_NFIT]<=+V#:<^A(%]7T;RNN&704,`D^=R3F!X@`?A&4OC-@(;00[A.HG%] MA6>0PX9;MQ8>A1';6:?EK_@P.R)B<'X,ANLQ.,N3?#G/Y@LP^P^%Q$Q"82OJ M:%T:/2%8%O"T(_6KEQ5`_G+O"1[:!D[:IZO-1<% M`=.S,[C=[NS%T"V,+L[9\B_GJ+E_HYF?%7\X`^9V9R^N,+`OSHO9F1OZ`BOG M-`C5-/L#\3%RG>'!Z#'W>:`?K$&Y[ M>.LY#"%-0-QJ[4X'O[#G_Y'Z-P```/__`P!02P,$%``&``@````A`+NZU-!# M`@``/@4``!D```!X;"]W;W)K&ULE)1=;]L@%(;O M)^T_(.YK;*=.4RMVU2;*5FF5IFD?UP1C&\48"TB<_OL=3+[:1%UV$TS\\O"> M]X"G#UO9H`W71J@VPU$08L1;I@K15AG^]7-Q,\'(6-H6M%$MS_`K-_@A__QI MVBN],C7G%@&A-1FNK>U20@RKN:0F4!UOX4VIM*06IKHBIM.<%L,BV9`X#,=$ M4M%B3TCU-0Q5EH+QN6)KR5OK(9HWU()_4XO.[&F278.35*_6W0U3L@/$4C3" MO@Y0C"1+GZM6:;ILH.YM=$O9GCU,SO!2,*V,*FT`..*-GM=\3^X)D/)I(:`" M%SO2O,SP8Y3.1ICDTR&?WX+WYN09F5KU7[0HOHF60]C0)M>`I5(K)WTNW%^P MF)RM7@P-^*Y1P4NZ;NP/U7_EHJHM=#N!@EQ=:?$ZYX9!H(`)XL21F&K``/PB M*=S)@$#H=AA[4=@ZPZ-QD-R%HPCD:,F-70B'Q(BMC57RCQ=%.Y2'Q#L(C#M( M%`?Q)(F2\7]01CL*C`?*ORP07\Z0SIQ:FD^UZA&<.#!L.NK.;Y0"T,4R@G`O MQP)YN#6/;M&P%-0&6KG)HW$X)1O(G^TT3^>:^*UB=D&1'"0$_!U,0EZG)C\V MY\10!$9'<]%[Z(Y[CR4./M(\<8;;'2]-R?.,+"/WL;1H>9AYR>OF?A8 M)V'XSCM<$L>X]-[[\E?`-[FC%7^ANA*M00TO8=&PO=V]R:W-H965T-^"0RTR49#6$VTI;J:JZ[3,A3H(&<(3)9.;?]QB3##8LA^T\ M1`-\'.S/-CZ<]=?W/#/>:,E35FQ,,K%-@Q8).Z3%:6/^^#OX\F0:O(J+0YRQ M@F[,#\K-K]O??UO?6/G*SY16!D0H^,8\5]5E95D\.=,\YA-VH05<.;(RCRLX M+$\6OY0T/M0WY9DUM>V%E<=I8"_DGI MC;?^-_B9W<(R/7Q/"PJV89S$".P9>Q7HMX,X!3=;G;N#>@3^+(T#/<;7K/J+ MW2*:GLX5#/<<>B0ZMCI\>)0G8!3"3*9S$2EA&30`?HT\%5,#C,3O&Q/FPRT] M5.>-Z2PF\Z7M$,"-/>55D(J0II%<><7R?R5$ZD;)6'73O+B*M^N2W0P8;Z#Y M)1:SAZP@<'];H!&"?1'PQER:!CR&@\"W+7'F:^L-.ITTC"L9^&TQ"Y79]3`J MX=T)84$\VM=/!/J)4#\1M4Y8T-M'EZ>_TF4!BR[?&^+*$Q"[U;^EVOI=EYFJ MA-.3VJC=",;K86:V&L?O8[0!"48PX0@F&F84D;/_(U+"CAHT2`$B%*1$.$8A->@>-?9`+>F##I'X;(3%O$KF3@^2U& MGZ%=1C/MH82/$@%*A"@1#1&*Q\6O>!2P[E%[C;F2>:JWBYD-?^KJW,GK;<^Z M0Y3P42)`B1`EHB%"<0@[Y/BY*&#-H:.]YEW)+#X=ZA(E,"01)7R4"%`B1(EH MB%`DBK1W=&8B8$WB7'/D2J;MB,PUT;LNHT]&E/!1(D")$"6B(4+Q^*QZ'+=? MBYMTG]J6Z3:,7<]*>V)KIG;R>MNW1G@HX:-$@!(A2D1#A.*20*+3GI3C9-9W MZ3:U+,V]0P^=&K!K@"&?..+C2(`C(8Y$@X@J523JHUB042U"IUN6QW^9B2"UE^;>I;>0(,V91SI`6I>N@8/ MC^'C2(`C(8Y$@X@J4Z3TK2F*R)0?`.K4U#YG7%&-`N.#,B4BT_GEPB':-N7A M,7P<"7`DQ)%H$%%EBMR^)7/D>I=?!*I4_?L'2HJH5!3Q\"A^@TSO&83V-@_P M$"&.B`KIS[LCGTH(;&3W"K?9D"=.OE*53>5"Q2UW$W+,*2I[UOV&ULE%39CILP%'VOU'^P_#X8LI&) M0D:31FE'ZDA5U>79,1>P!F-D.]O?]QHG3&9IE?(`V!R?>\Y=F-\=5$UV8*S4 M34:3**8$&J%SV909_?EC?3.EQ#K>Y+S6#63T");>+3Y^F.^U>;(5@"/(T-B, M5LZU,\:LJ$!Q&^D6&OQ2:*.XPZ4IF6T-\+P[I&HVB.,)4UPV-##,S#4D1&RMT^IW`"5>5$\R.)'@\T22C*/18)Q.KV!A M05%G<,4=7\R-WA-L&HQI6^Y;,)DA\]E9T-%[_9M5E.=)[CU+1E-*T(7%\NP6 MR>1VSG:84W'"+`,&[\^8X:3',-33BT(AEZ+>3_,YM@?[V#Y77LPR;+P(E,;O M!QK^3R`/SBBR/QM(DYXWQ`Z8T05FW"->6$3(]18]&'OF@C5)!SUOB!PP5T3& MCKN,["L^Q(GX=Y+]H=?>AZ\4!,PTE#_&J_\>G(?Q"MVGP)3P">K:$J&W?G02 M/-?O]E-]/^@&L_^`4]7R$AZY*65C20T%'HVC%&.;,)=AX73;]?9&.YRG[K7" MWR=@?\01@@NMW7GA)[__(2_^````__\#`%!+`P04``8`"````"$`^V*E;90& M``"G&P``$P```'AL+W1H96UE+W1H96UE,2YX;6SL64]OVS84OP_8=R!T;VTG MMAL'=8K8L9NM31O$;H<>:9F66%.B0-))?1O:XX`!P[IAEP&[[3!L*]`"NW2? M)EN'K0/Z%?9(2K(8RTO2!AO6U8=$(G]\_]_C(W7UVH.(H4,B).5QVZM=KGJ( MQ#X?TSAH>W>&_4L;'I(*QV/,>$S:WIQ([]K6^^]=Q9LJ)!%!L#Z6F[CMA4HE MFY6*]&$8R\L\(3',3;B(L()7$53&`A\!W8A5UJK59B7"-/90C",@>WLRH3Y! M0TW2V\J(]QB\QDKJ`9^)@29-G!4&.Y[6-$+.99<)=(A9VP,^8WXT)`^4AQB6 M"B;:7M7\O,K6U0K>3!`6#?!TVM+$6:]?Y&K9/1+(#LXS+M;K51K;OX`OWU)9E;G4ZG MT4IEL40-R#[6E_`;U69]>\W!&Y#%-Y;P]?O/R\1?E M>%G$__K#)[_\_'DY$#)H(=&++Y_\]NS)BZ\^_?V[QR7P;8%'1?B01D2B6^0( M'?`(=#.&<24G(W&^%<,04V<%#H%V">F>"AW@K3EF9;@.<8UW5T#Q*`->G]UW M9!V$8J9H"><;8>0`]SAG'2Y*#7!#\RI8>#B+@W+F8E;$'6!\6,:[BV/'M;U9 M`E4S"TK']MV0.&+N,QPK')"8**3G^)20$NWN4>K8=8_Z@DL^4>@>11U,2TTR MI",GD!:+=FD$?IF7Z0RN=FRS=Q=U."O3>H<],9&R;,UM`?H6G'X#0[TJ=?L>FT1.[P:3?$45*&'=`X+&(_D%,(48SVN2J#[W$W0_0[^`''*]U] MEQ+'W:<7@CLT<$1:!(B>F8D27UXGW(G?P9Q-,#%5!DJZ4ZDC&O]=V684ZK;E M\*YLM[UMV,3*DF?W1+%>A?L/EN@=/(OW"63%\A;UKD*_J]#>6U^A5^7RQ=?E M12F&*JT;$MMKF\X[6MEX3RAC`S5GY*8TO;>$#6C\S210*:D`XD2+N&\:(9+:6L\]/[*GC8;^AQB M*X?$:H^/[?"Z'LZ.&SD9(U5@SK09HW5-X*S,UJ^D1$&WUV%6TT*=F5O-B&:* MHL,M5UF;V)S+P>2Y:C"86Q,Z&P3]$%BY"<=^S1K..YB1L;:[]5'F%N.%BW21 M#/&8I#[2>B_[J&:+T5';:S76&A[R<=+V)G!4ALZ%8JNU'N_*J8E+\@58IA_#]31>\G<`6Q/M8>\.%V6&"D,Z7M<:%" M#E4H":G?%]`XF-H!T0)7O#`-005WU.:_((?ZO\TY2\.D-9PDU0$-D*"P'ZE0 M$+(/994FRE)")J(*X,K%BC\@A84-=`YMZ;_=0"*%NJDE:!@SN M9/RY[VD&C0+=Y!3SS:ED^=YK<^"?[GQL,H-2;ATV#4UF_US$O#U8[*IVO5F> M[;U%1?3$HLVJ9UD!S`I;02M-^]<4X9Q;K:U82QJO-3+AP(O+&L-@WA`E<)&$ M]!_8_ZCPF?W@H3?4(3^`VHK@^X4F!F$#47W)-AY(%T@[.(+&R0[:8-*DK&G3 MUDE;+=NL+[C3S?F>,+:6["S^/J>Q\^;,9>?DXD4:.[6P8VL[MM+4X-F3*0I# MD^P@8QQCOI05/V;QT7UP]`Y\-I@Q)4TPP:&PO"V10+4ED11EN1("E:RV2ZP=8.LBQ9HBH*B*)LQ'RI) M[=H)^M][9OBZ8STXK&C-1LA:)#7GGON8.S.70TZ^?PY\[;,;)UX43O7>95?7 MW-")5E[X,-7_=F]=C'0M2>UP9?M1Z$[U%S?1OY_]]C>3)'WQW4^/KIMJ@`B3 MJ?Z8IIOK3B=Q'MW`3BZCC1OBRCJ*`SO%8?S023:Q:Z\2UBCP.T:W>]4);"_4 M,X3KP)$!">SX:;NY<*)@8Z?>TO.]](5CZ5K@7']X"*/87OJ@^MPS;:?`Y@<[ M\('GQ%$2K=-+P'6B]=ISW%V6X\ZX`Z39)-P&5I`FFA-MPW2J&^4I+;OR8375 MKW0M4WD1K4#B#__91NEWO\O^O/OCNW?=?W_[W3]_=%?_^NF;W6L_?:MW"C$$ M$SXXCGG9/0J+RQER)]=@-EE'(5'$A)F8M:Z?PNA+:+%K"`:HQWXVFR2_:)]M M'V=ZC)X3^5&LI?`R].-G0CMPLU\L;-];QA[[V=H.//\E.VVP$SPP\M\%'MS$ M3G8R">>5LV1L"IU&C(:@4Y^=H3H%4,EF)X_K9/^\1R=!UJ!>UBGV$V1Q+8[K MU9JLW;C8L>$ILDI?$3GQPW*J6Q9R2*_;96:E#GLC8>-%%_+.)NQJ<#;-^E;? M&K:JF1"+NWYC`OM6FZ:L$6B]']ZNNZ1_CVT MV.<<<7+F`>W-/;9?GWLO0:))'OK1B+AP6?:^;: M+JYNK<4METN8R;(X`&I9B^$;@-[.QXOVF2[&X[9!#0N?ED'?#]BG95`+_RU: MLVF>'CT>]J]%H-#;[/=/D1E[F$>V%*_?995&M MQ;Z*"JCBODH8*/(J8:#(JZU-/O,,/%;N5<)`D5<)@Y.]RE=76,\MHWB%6SK% M?8I>%VNI[-QLXKOK%"NWV'MX9'_3:(-_EU&:X@;(;++R[(X&3?7TT7.>($PH$61S[$S$6TDHLX/)9MWFT.P.S8%QE2UL6A(=N"MO M&^QJ5\K>ZS^8D=FV7G%BP[`4DJ]\JRI8AWDA=Y]D"^YJ[FG)!HB)(B0D6[2A M8U41EM61M)#3D320U)&TD-4176=?YRHLN8JVN#OYVL&6->IVL^*;K)SC@(3X MGHC93X*TV;5G;9,]%JUMTU17Y)>=OC$WV(?/(O=H6M-B5\^:!GNTK&DAJZ,8 M-X5W!?!RB<_2\QXFK^PM_/P8C3S58^1P7-__Q'+Y/];E\('*Q6SRO";WH[%) M@-VP9;>[V5>4!_.OV5"1'8#CH4;&P4::O=GX+W?;8.G&%M\YP$7PLZP,61W- M^1A7';_WO8D?X-/+@63XG"(?M]_W&A%V MDK;'*?*QMM\K'W91*A_!)2V_S7A@>SCRH(8+:%`?X],F`ZS@"@9P@@H&;,]) M;@.$IPH&F!D7#!"@%0/0.1(5I_0#3)1+D8B!2B3DOY5(Y)A"2T'D&VIY*/U" M_A$M+2']GF1FDF\1Z)69<7"$P$DB#Z5852F&N!T]K3(!#HZ8P,*HV\Z0USN4 M\Y49A"1=<*@L@C1PS"+M127)N9!9$3AND7F+\Q`2%"P5J:8`.DHH$$?T%(V_ M/D4U3^@)(\89S4`HJ,J0)!H, M52F2QI'P?%5#?6V=-AJ>?0 M,U]B>W/O/F,IFMVR>%Z?I&`-ITH^2MZZUD1XZ_8Y@8N$IVL,4:LY7]37%N9? M1898W*Z-D%H2K+BCF@.S=(5F?KK M,@=;B'YEC,B-!O0F85%R\O3H_^K31MN,:D.&W]-2/="0/'MZ5MNG,I^!8\Y- M=C"(^Q?*&;K&'E;#L_O=WVL7VGN'37+1D[)H8$EON?5\;#5E4V^V>G*0N:-@ MGIW,Y[O'L-`',BSF:8J%\D13+"#D6&Q%37@A$S;%@O@,JP]M"18V=S3&0I4C MQV+UCHJ7B3E-4UYHDF.)MA](VM[&:QX,95E>%&LRH^LKD2PH')3K,J/ MK"I!L*!R4ZS*CV!(L$P(:8I5^1%>H%@(MZ98I1]-.(Y@#21M?[77CV*LLF6\ M#"^*5?E1C-6^9*Q2K,J/8JPRE9ORJOP(5&(O$Q>:8E5^%/.$*9DGJ(Z5'T7; M#R1M_SJCBA%O2$9\AE+Y#M^(C?"$JI2-,I3*:V*4]R6C/$.I_"7&MRD9WQE* MY2G@$8U,7)#Q>H92^J@O6M>4M.[<7A595PP80](D>,N+L_7Q]IV(O;N'EZGP M:ABJ$)L+RBBT>'2=)VV!78-,17J*DP2Z9A<089F6))C!E7Q#-P^Y3-X%!ZXR-&']L M)=,$!JTS&#&ILOF3#,R'<+,M/23F4C9TRT!\],(G=R5&CFAA`R1ED.[<;1K; M9?R)75Z`.9=N6M[ZZ?WY<6I7GW_"W_.`\&4_^H' M[W.4DFX\)'LK`7VT;>U/]U]OY<'QS:QD7H^Y\=&'V MW<'%>#"_N1B8B_G-C37N&MW%?V$R]N*T:[QYZX07D_$7J*'\WC.O$Q^O+XMS M97/RGZIS4YT<9/3YKGG0QG;R0HE.4K[8;?8_````__\#`%!+`P04``8`"``` M`"$`OE;5/)T3``!N-@``%````'AL+W-H87)E9%-T&ULM%O;;MM( MMGT_P/Q#P9T!\BWYE/Z267M7D:**E!2<@P,$06S69=>^K+WVKLK;/S\O(O$H4Q4F\;N# M]LG9@9"QGP1A/'MW\#"^/7YS(%3FQ8$7);%\=["2ZN#/[__P7V^5R@3FQNK= MP3S+EC^>GBI_+A>>.DF6,L:7:9(NO`P_IK-3M4RE%ZBYE-DB.CT_.WMUNO#" M^$#X21YG[PXN?GA](/(X_$7!^_?JO#]V^S]3>+G"QEG`F((-\[" M;"6ZL5X?8K\]S=Z_/:6A>OB%N$_B;*XP-)"!_74DER?BXJPESL_:E_;'7O)X M(LY>-W\LQ7`:Q1`_.Q.5I9Z?_8^][*']BW*I\6HI[8^'[;/C3_8O'2@@8"7< M1M[,_GHX]2)56ZC<92#3,"'5!>+&R[:/NPV5[T7B[])+Q2V4KFK[0&E7]B_+ M;G%MI%D.7Q=)+$99 MXG]IB='<2Z42_3SC`,5T6XI.OW?C]D;NC;AV[IQ>QQ6CCZX+S1T]C&[$BY?V M^)_R>'ML=!Z&0[W?W86^C)444RE%*GT9/GJ3J&;9.ZG4 MCP**2)Z\V,?H)!5!DD^R:1X)SV>$J#GB.,E@7=]8RE-*9K4Q_?%'=ZC%M27K MQH"T60AI!,\5Q\((:X_4TCD^$"B/8,=`>`NRU:]>U@`]>G07-@Q3"E9[-2UV MDLUA]&:AQ_VQ<[=-Q\8"=UWGNGO7'7?=FAD@*.&G$DMOU:3L8;+R(L`G3+)U MS$TN198(1>XU3Z)`IO8Q;N14(D8"6/51QGG-I)O6B4)O$D9A%LJ:B3K]^_ON M^)[=JGCC\[0_=B_NW&'HT-Q MX]YV.]VQ/39/TO!7&;1P3K64?A8^ MRF@EDJEX<4+P`26GXM&+'RJ5DY\`;9,=L>DM0_+A,!;RV4<, MT+KE@K;D50<,Y#3TPRV^5;&:.A3;AK*35=Q(.-#^]ZEP*Z0,X"Y(NS(+D4-> M;H.8K9"T/7MN6FVKBC:'K:VG';GN>AI+V1?,$*$M9^N^NG`Q<>B?ZMZ`_

L!W^G!W0V9_"JP''D&0!&B*CR(ME M4J<@&ENDD<[>NRQ6UT*P;PC\K=8LN.,/HK;N_Y?MSI(9<3M ML']?N%3O@W`ZX^[GQHS0`8S/`/9QD@'&_I&'*?$,B!=Y#&4^$G?-QI@4TR2` MDTY3K),*D-=FW$@?%!_)_@CJYW^]I-G1=U&`KIFB-]R3PHK!XB@P>_).@+J= M.8D,3V<5RS1Y#%$8B,E*'.4*_P#C>"E0M:3(Z=`-&'SXV)RNUA9B_7=[G]T1 M9:Q=^K?FW'9[8&*[YR#$?"D#):9ILM#.J1.QB!*O5N\TGFP:QF!3NX]C8L'8 M;4.;I"G;]XGBM827B0FH>ARS&R%E<6VQ=2RJ%DYLC:.NG5&7L7$P=$?`289' M>ZG&03N*K5Y_[(KV,2COWL53JB['!J?&J%BIK\#?".A0@M MBO*3HPHEU868>X#,@X76*DGG\0P67@Q?9UZBQ";ZQ7H%Z>\'&<@"2+]+[TK17X"[!`I0!EEX M$68`H'-'T<43&9ZSSPF0RG&0$>(Z M`+X(]4`^F_-J^+!$G0Z-12&X%23%*NN#@4G"KY!M$:ATB(7WA9!!;NC">`E$ M)R-AGP@],JA6^P&%,N]!RE[C4Z,Z%`2+D-#(RSQ6(=3R2QXCD2$:&#IH\\:Y M9.?"KA"E:M9+8]9U:VW`X%3Z=>.","!VIV"C/AUOW@Q+#?AEC+^)<_!3=+]2 MN"V*BI/1B2!\>8FC$IF!ZM>A7JI:(H31?#0&!X7)%TMM\&R.!.9-IW!R-@BJ M^9R@'0=#6;_VOT[I5[^__1-%]/::VMYM#*\H7!DNFTRB<`:U!:3(99XB"L#HR'4^=<5HI9"^*/\# MY<)G#$**`6.'>5Y(5_)+;X9, MJ=5)?^-76!,!E3R=?/M*6`CX@E`I0HQ3($T1"N%`D*F3+Z*2#!&I!)_@=>@W MH>W'7D]N"%Q')9`2K=>5Q4PFL]1;SHGD(U2PCZV1H7N'HNU&#)SA^.]B/'1Z M(^+6J-J^?^0^.UV@TMB^3UVF&V`30(#L`$2!ES((0UEU1M'B485)$:X*5)M*_0_"&1A(_&4I%]H']]T)F*BH,844"'J,5@[T,TA MDJ6R>M8@BGCR%/9HMR];EV_:&R:-$P`ACH$PA<'A&-@5,,1,"[X'Z&9D)K!9 MD6L4R8BLJ`]2#[*[;H=:G<+Y,'1UT6T;K#YBGZ$NJ2^X=UUX:AE$$!;'8AI) M+EF4/Z6K"SCQK9RD,.-*O.$`.=<8^2GW@M0#D\$",;LPK,3,\NA`?SMX2:8R M2[8`>^D7U#04`)HH0#EBN4H3C"#=(_,`E):)PCI*QRX1P4]M$\G$G(ILRYIG MG?^4H.FE@V4D87+TK5OB'L9?J9#B!7&)F"S.A7]JVJ.9+G.=)^A@=3RE'@+E M%9US_02F!DQ0@ZQB"?4"/,E=7=%1D,`I^`X=D)N:=)?XJ%!VD5:HYO)!9`W$];9U")?"$0AR8 M*HJTO=-J%QGGN_ICP7*YKZQ[_3"1+E_SB=%O8ISA@H?#+Y&?,1N&!)P'.6HI M4]-0!N*Y*,^+E;4+UW(K!=_&T756KRES(\ATP@"R!-A(.P)LBGJ)*"@O@"R! MC$2P-`7DH#1$=D(<82QH(KK"D!PSR.@F=)!NBBCAD$`RJFB??$"\UBWFHC5/ M4`"C3"1,4YRA*`S)"+=$O`L`+$VU`*W$UWJ2V(%"*I\<%Q&[-F<5B=I752CZ M[WF.[D^*>RO=HAX@YZ!/J`HX,M\)0)"`"S``W(!_^[CQ8E\:>R'N[H13EM2)5BP<&$2:K\0YWQ;T8(CP4OHKH+E6/^$;%K>49`ZFEU$QTHI=QUU-E6R M&2DX&D4+G98#9(-LT,$39MD<-'[1:KPZXW#7&0EA`6AF^E>I;@.P^\/R=3L=71H5;%(%) M'AN$W(*?R\#X,U;!:J!+4%9<9'R"\HRR<(;'`ZQKNOYD;\!(I"G35RBX6ZH1 MYDGJ+A/H24Y,L":)O@F=U"Z?X7JL=48\-!.X(P0:J$'M5>L"_2MBV$B[U+Y* M)MS4F.99#O&YY3H%IZ\S-J?3Z3_0Y M^;H4V%#,I8?608J6`.D%P%ZYC9Z@I@[D!!@$I8/1OF$64W1K9`JFD^+E"S64 M4'-SYR"@0@5T>:.<)H)3*5;9XI;[8'-MBGK9\O ML13G_B6\$:E]"?))CH9$J2]^**$R"2FJ;N9I="2&%3@4*[]@'"<-&';],.KV MW-&([HI!^%&@-19G6X;MP!22E-I;R7=`GR@[`)12)=E M!9!)?QZCP3M;$;1T,Y9T,T/"-$T\H:1"8-:@8R8;DU&+8MQL2+R$@Z(0E*$+ M_==Y\H0>&4X?`=],=X$!S-RTK&JL#B][^O>N&#M_JS]QJ'[;9\_7L&=U_"XC M3L%<$#82R0@QA^BE2\3,>R:22IT'1C)X>KC&5<(#%-3>,^YE<('O>VFZ`CH_ M>2GLAI`#-Z+?TRA$,KKQS.43:` MUR!!T/4;)D`/Z-&5'4K#7VB,;SK'&('[5M#D)\JO#PCZ)$6;CB>Q56ZQA+BZ M?'U.=JXL.)1(/GP/X($W_1&/V?1"_8:%6$`Z!BG4U+%V$^O<30_162&58<4]4#4G7/!@7`&=;VJ>8IP&5/60 MHY#/N7;A&/,C#]=9Y(VT)EHJ`"+&9,MRIIV*3[CI0?6%-WA!.4H3@@^*YS+6I/]GN"'IP,ANZM MBT=E>'HR[G?^8@?G]I'[POY-V0C]OIW6<6#J9VT,M7X!Q84J::P(#6])C@Q- M$A)3)KR'OB;&ZN&6CA]4,"^JGR?*5H MQR$[`I+XM0*]7_KVE2OD\5,B/N9Q0$VG>Q!A"J>CRFLF[AGUT1DI!O7`51'' MM]2?*2>8IU`4KRCIP!_7'/6%../'3A0!KH>+M*H0[%/HVXJC]DOQB"L;?7=1 M5=RWK[J&*/1%IP.=!T<,U9R5AH-Y8@#PT_?W_+I1P&V!G/KV`!HNWV(!9'51 MBEF;9]#ET:X3:/GMG2@LZ`@H>EF+1VTH@0]3IZRCA^N1^^D!O$.XG_&W[;+V M]WV.^@,[JCW+7A7NV?>SA&Z.31=H&TXCRZ)12PQDB@>(&ES934CK!--E#0(: MJ^&Y`NCHM&,*Q;OFF344K$`DJD^0602Z;ML#_F-ZK(?XT5T]D%^0U$!LD$+8 M#*!&.^!?)%(5R>Q3[[K'$$+D=KZSFQ0W%Z8.PV(:6^PO07_''F=_KS>9]XO0%O?TR&#+,WQ]J`=783M[^2=HODV3LI:^O^R3]&LL$^!E%-0W?7R1<53ZUUM M.PH_^6^;XL;>@L]Y;EI!]D=6<=$YLS_>F2:"@\3;)*@2/]]1P[J+.S55TR]N M?'3P(DZ*,Y9\W][J\/Q*=]KM#QUJNJ]7L#\[E==XAOC80_!?$9J7'LB4[MKH M!1PV*/K!R#VH(8S$U.UM>A[8/!4CB6;/4B+,W!JV97'+]AV-W?*^N5"[J5(T M@6UZ"+VY&@H4YD3(;4NZUD.RAA7#\$31?UM[P M]G7_#/CK]MK5@FK_HH-:X6"OMX/G M[85YT+&2$;5TTB:MZ#=S]D;KS,^O?I'"UK2"*4OM*6MM1DF-]JY-;(B?H33+ M8N?\JB*!%QM<6A38U4(-U/3_-L`.3DIJ8$NV=;7]`W<@%,`C!]='\#=4ACY= M%5/Z7V]QBO\O]OX_`@```/__`P!02P,$%``&``@````A`"X'#?2.`@``%P<` M`!@```!X;"]W;W)K/(-J7]]SNV(270,0];Y[S^B/3FV?9 MH">NC5!M@9,HQHBW3)6B717XU\_[BVN,C*5M21O5\@*_<(-O9A\_3#=*/YJ: M=XJ*H2C-\IMI:\M<%$\X9:X#>UZ,S.3;)S["35C^ON@BG9@<52-,*^>%., M))L\K%JEZ;*!OI^32\IVWGYP9"\%T\JHRD9@1P+H<<]C,B;@-)N6`CIPL2/- MJP+?)I-%CLELZO/Y+?C&[/U&IE:;SUJ47T7+(6R8)CG?2A=']!,3FJ MOO<3\%VCDE=TW=@?:O.%BU5M8;8S:,CU-2E?[KAA$"C81*/,.3'5``!\(RG< MRH!`Z+._;D1IZP*G>91=Q6D"X]B[_0R"A'9_.';5T-M5J@V#%`;#IJ%N_R00,72PIA/MV M+)"'J[EU1;X4U`:F\FF6)5/R!/&SK61^+!D-%8LW%%DO(8#7,T)<[V=T1=`+ M1J^,!P3S(+GP`%G9T/Y<0'4`=/G0=)'J#&61S'!UC[`CC>PJ?7#-A@TYS/YL0';*]+ MQ<_4/$@"6YK&<7),=U(R@,O?`^?$!W!YWW.`"Y*3<"QNX,[._I4V M^PL``/__`P!02P,$%``&``@````A`%+R9(&6!```HQ(``!@```!X;"]W;W)K MY(.])J MM3MS31,G01UP!'2G^^VW3#E`F0P--TF(/\J_RW4PK+^\YV?CC9=5)HJ-R1:V M:?`B%?NL.&[,__Y]>HA,HZJ38I^<1<$WY@>OS"_;WW];7T7Y4ITXKPVP4%0; M\U37EY5E5>F)YTFU$!=>P,A!E'E2PV5YM*I+R9-]S[#N=^8EZY^:G;@[]+8\T/R>J[_$=<_>78\U;#=/JQ(+FRU_WCD50H> M!3,+E)&*,PB`3R//9&B`1Y+WYON:[>O3QG2#A1_:+@/<>.95_91)DZ:1OE:U MR'\BQ*2HUHBCC,"W,L*FT.T10U@,C\^(6C@!$6#!'F(2I,%?SQPX1%.;[PSWLCX,[(]8NC,@* MY\B2,(UYMS.+VX@(;%8;>WK,CQ%$FFR%DTN%A#6/.>V*41HBZ#'&(((TE\8C M`!&VG"-,PIHP5Q.&R"W&W"#2\Y$"]M+MDH<(8]"FIKNLH35I@_(J+6Y,I0W. M$`.G*2LW]7Z?H.+FE7XLV_TBYFJ1M&/(X-1AX#+-L3$!(L\.NI"@TF0=GAQJ M#*LVD::7?L6@-.8Z3,_?F!+,8UZGGHJ;5?L9UF[X;!/0U<)IIYBQ)!U%J#Q9 MF*?[#LLX\5T7S)BG#!GTG>LX2ZW&Q",`E3:K&C=0C)(&L4XS.?[U M.!4VJQFP83?PM(EWBE'QQCRO5^^Q3U'"CI8]@HJ;U1(8EO/^AGK:?NT4@^*" M>S4$C2BW$H!*F]42V+`G>%T!4+'6K_D.LYU0(V)E17DV],(>0<5I;4&>^%TH MGY\<<8?]H5<(E$AD^OGJ:84Z9J,,$>K,ZA(-39N^IQ=BQ?0%:D@\BE!Y6I^0 M?@P^]:,S[!>>7I05H\(,#D5:]OYZG`J4]7]RQ7,D3;NLIQ=DQ:@8LYU`RZ!X M!*#29O4*!WL%R5V]&"L&I3TL&3R!ZEY#*XH(/;;L_$K%R;H^W6_8!8@XO1P[ MR-RFCIB>WS$E`C@!=#:H.*U73,M>^12M;:[?K1ZS5S'XK'7W*$")>T!G%XJK87 M`!^$J&\7\C5&^WII^S\```#__P,`4$L#!!0`!@`(````(0#V?1P==0,``+H+ M```8````>&PO=V]R:W-H965T&ULE)9=;]HP%(;O)^T_1+XO MB4.A!1&JDJK;I$V:]GEM$@-6DSBS36G__+Q*9BF(;D=^_'J]NB:<-*U*6R8)'Y)5K^3,?G):+ M5,`,,.V>XIN(W--Y3,?$7RZJ!/T1_*!;UY[>R<,G)=*OHN"0;5@GP]8_><83 MPU-8.>+ABJRE?,*A7^!1`$%T)<`@^M\QS'V(4?PF3/OZ&/*Q6K;ORDOYANTS M\T,>/G.QW1F(-($T8#;FZ>L#UPDL`\0:A1-T360&%O#KY0+W$Z21O5@ZD9I= M1,;3T>0F&%.0>VNNS:-`2^(E>VUD_M>*:&UE3<+:!/X/]GWX?I-Q;0+_M0D- MAY+X=E95PAZ88(:%B:YV6P M\)\A^4FM6%D%_#8*VE7$1P6N'S`T()":X2`H1A!<+B1;V0?MN*$3MZ\8-XH. M"&2A#8+[90Q;]>W,X"#0M>9]W;A;0JNX;BDF747\EJ)#""9MPK?)4!P1F'VS M(M-NW)55M,ENNHJXKSBQ=\B@(H:3H;A+=MN-N[**-MFLJXC[B@MDT_>0H;A+ M1MV-;B63J@BNZ8RZV\V^;Z-?`(-J&IXR%#M@3GVMK*0=N,?6EUQ@PP_GX,,! MQ0[;J<)L#5A)A\TID[@ON<`V>P\;BAVVDZUELY(.FU,H<5]R,NF4`87S8GCB M*K5#YU3@JM9T\)QJB<]H+O'A(3QX8:D]LMM'"'7J<%5KVGRA4S+Q&6[!G-)3X\JEM\P[X1T!JYNS!T*Z36M#E/#-5&Q0X+ M;:;5T3,>!P$-@E.J[3ZTG9']T.=<;7G,LTQ[B=QCIT-A:/.T:=WJGJIY`4U0 MR;;\&U-;46@OXQL8&HQNX,A5MHVR-T:651NQE@;:G^IR!STRA\]R,`+Q1DIS MO,&/?M-U+_\#``#__P,`4$L#!!0`!@`(````(0!+A="CSP(``%<'```9```` M>&PO=V]R:W-H965T8UJ9DPC<.A4 MAFNM^]3W%:U92Y0G>M;!3"ED2S3#?G\YNR@3JZ1JL7AD^3%5]XQ"!O:9!JP$^+>2+\49@@>]B^>OAL: M\%VB@I5DW^@?XO"9\:K6T.T$"C)UI<53SA2%0,'&BP8,*AH`@"-JN5D9$`AY M',X'7N@ZP_'<2ZZ#.`0YVC&E[[BQQ(CNE1;M'RL*#90SB8XF,=`?YR,O6B1A M,O\/E]G1!<[.Y2T$WY8SI),33=8K*0X(5AP`JYZ8]1NF8#C&8HMP0?TK)ZC- MF-P:EPQ?8P01*.CMPSJ,HY7_``VA1\WF!!TTY'@* M_7(/1S8C-FRCZ\8.@+>#/4/=7BJ2Q90UOY1$B9-,8*'9I[`FX1B6[^O0YB'0 MG3`NY\Y^"&=C)=`S5\8SP*#8OJG(7U-,BH#7G!;Q.KP19Q@2S&_$Y^]F;-U9CV<-P-EN$4[2M M%9S2/Z/9E3VQ"!;+$PO+;C&PO=V]R:W-H965T(V-ID]-:-3S#3]S@A\7G3_.C MTCM3<6X1,#0FPY6U;4J(8167U`2JY0U\*926U,)2E\2TFM.\VR1K$H?AE$@J M&NP94GT+ARH*P?A:L;WDC?4DFM?40OZF$JUY9I/L%CI)]6[?WC$E6Z#8BEK8 MIXX4(\G2Q[)1FFYK\'V*QI0]+*WHIF%9&%38`.N(3O?8\(S,"3(MY+L"! M*SO2O,CP,DI7"2:+>5>?OX(?S=EO9"IU_*I%_ETT'(H-Q^0.8*O4SD$?" MS>1J]Z8[@)\:Y;R@^]K^4L=O7)25A=.>@"'G*\V?UMPP*"C0!/'$,3%50P+P M1%*XSH""T%/W/HK<5AF.[X,D"F>C!%BVW-B-<)08L;VQ2O[SH*BG\B1Q3P+O MGF0T#29).(I`\QT2XA/J_*VII8NY5D<$/0.2IJ6N`Z,4B-\V!$X<=NG`&4XP M@EP-',)A$<73.3E`Y5B/67D,/%\P`X*`Z*`,:K7M`EYU;8^>4V!```(0\``!@```!X;"]W M;W)K&_`)`2(DJP*5>]6 MNI56J[O=9P).@@HXPJ1IO_V-&0=LTV63?6D#_C/\YC^V!Z\_O56E]4H;7K!Z M8Y.9:UNTSEA>U(>-_=^_SP^A;?$VK?.T9#7=V.^4VY^V?_ZQOK#FA1\I;2V( M4/.-?6S;T\IQ>':D5H*;@-=1(5V#'V M(J2?R_<8N?]/B<&RAW#YD)!);Y>]/E&?@*(29 M>;Z(E+$2`."O515B:H`CZ5OW_U+D[7%CSYMX&[=E[!TDQ*XK&$Z(KDJA"5`+H> M$1)7$3\V_4HBQ()$%$&@Q7@#8O=HGO'>L<(/>XE&`@:I),*L.4RF:2+Q$.@4 M@,#(/$;)0I'X/4"713*ET!`AB(HXC2;$&QOR[[U9!OJ+8Y2$74T?2."3N2Y( M5($7!%$_K&'!-+\=2X@-QXR:Q2B!=_?DIF-3"@UM>0^:$!N.+?J,<<*A9-DY MY@6+P1"L)`XONN$H&D8U)EA)M]LEQ`:34:08);=9Q2:&B1CG;;XA0/Z=X%0^983Y2@=P_>!^ZI`FC, M@[D:'H&-XG;K.K4!9C@32XUJGE(VG&U2@_0$X/O)JL.)O5>IZVWF$=RQU?TC M6/8O0/>D!@'FX,Y`(`DQB/0WF@=#FCJBV*;O1\3-74,TMSB"&DFP");&#$AT M@>=&0P0=4>S2]R/BWJXA#OU'NCC>_\>EGM3HH#!G?@-4/&6LYV'_DJ"H4>?D M4$]9\"F)CGE7UQ`?9,9:#HW)%DL-EMI7EX-D&W<-Q6<=SN@;-RZ9<0,)S:\! MHG:0CR"O+61H?C^%O*N1D'$G"IK(4>3R0F^8E'I1C28RW=_@R#&:<<;>$4L-?D"%9-@YY(3#$#@< M>,.Z1RP\D>`'>T6;`TUH67(K8V=QVO#@(Z*_VY^$'CWQ\6OBYE9)]Q#2G06P!!H\XN!%RT[=,6''6CB:=#^/&PO=V]R:W-H965T&ULE%7;;IPP$'VOU'^P_!X,9*]H MV6C3*&VD1JJJ7IZ]QH`5C)'MS29_WS%F"617$7WA,AR?,V?&'C8W+[)"SUP; MH>H41T&($:^9RD1=I/CWK_NK%4;&TCJCE:IYBE^YP3?;SY\V1Z6?3,FY19YBG=1 MJ2<'?2O=YQPZ"@0!/$<\?$5`4)P!5)X78&%(2^ MM/>CR&R9XNLXF"_#ZPC@:,^-O1>.$B-V,%;)OQX4=52>).Y(X'XB64PE(3ZA MUM\=M72[T>J(8,^`I&FHVX%1`L27#8$3A]TY<(J7&$&N!IKPO%W--^09"L&U@R27RUZ6B_L M(;,!Y*T"(W\`F>[/@:$#X*HOVUEE/6:",NRHZTB<$;>P\&-)MVHLV45&DNO+DFZ& M#XY(*QG&P1(*];&J6SA6[2)#U77X3M4/(7]()=<%_\*KRB"F#F[`Q'#L^F@_ M^W:Q.QKOX[-DU\Y$TG^`F=30@C]278C:H(KG0!FV5K2?:O[%J@82A\FD+$RC M]K&$GP^'HQ<&X#M7RIY>0)CTO[/M/P```/__`P!02P,$%``&``@````A`-1W MGJ]Q`@``]P4``!@```!X;"]W;W)K75(U2P:# M"5-<-C0PI.86#ET44L"C%AL%C0LD!FKN,'];R=8>V92XA4YQL]ZT=T*K%BE6 MLI;NI2.E1(GTN6RTX:L:Z]['(RZ.W-WA@EY)8;35A8N0CH5$+VN>LBE#IODL MEUB!MYT8*#*ZB-/EA++YK//GCX2=/7DGMM*[+T;FWV0#:#:VR3=@I?7:0Y]S M'\++[.+V4]>`'X;D4/!-[7[JW5>09>6PVV,LR->5YB^/8`4:BC11,O9,0M>8 M`#Z)DGXRT!"^SVB"PC)W54:'DVA\/QC&""DI*Q,8ZK?X&4-PE%;BZ MU!ZYX_.9T3N"[4:T;;D?GCA%XNNY8!(>N_#@C-Y3@C(6_=O.I_&,;;%F<8`L M`P2?/>05P5"S%T:QVX4]V`M[4WPFRQ`XE4GZ1,YDANPNMZ^"X<#Y@9E'(I395]Z,O&C]4[U_EZ7 M1._V(7)FR/!ZN9-+T>F[?OM+YXJ'R&F#IZ,WBF'1PC0K,"5\AKJV1.B-7Z($ MY[./]ON]2/P,O8V/TD6W]ZS_@'O7\A*^&PO=V]R:W-H965TCJL@>C)6Z3FD2Q91`+70FZR*E/W^LG\:46,?KC%>ZAI2^ M@Z4O\X\?9@=MMK8$<`0)M4UIZ5PS9Y-HH[7)J"V<8`S]I- MJF*].'YFBLN:!L+4/,+0>2X%K+38*:A=@!BHN,/\;2D;>Z8I\0A.<;/=-4]" MJP81&UE)]]Y"*5%B^EK4VO!-A;Z/R8"+,[M=W."5%$9;G;L(<2PD>NMYPB8, M2?-9)M&!+SLQD*=TD4R7`\KFL[8^OR0<[-4]L:4^?#8R^RIKP&)CFWP#-EIO MO?0U\X]P,[O9O6X;\,V0#'*^J]QW??@"LB@==GN(AKRO:?:^`BNPH(B)>D-/ M$KK"!/!*E/23@07AQ_;_(#-7IK3_'`U'<3]!.=F`=6OID92(G75:_0ZBY(0* MD-X)@O\G2#*,!KWA:/P`A86,6H,K[OA\9O2!X-!@3-MP/X+)%,EG9R&/SNN_ MK*)'#UEX2DI'E*`+B^W9SY-^/&-[K*DX:99!@]>+IE,PS*9+"=.X3NE^D<^1 MO=A']D7WJ2S#@^LPO?MA^G^'\<[[.!G_#^[*Q.2"#PD$R>!*,KR?`$H> M]^G%*45SE^KUDXX;(@?-N*W_(/:_3A`*'`8\]%^!*>`35)4E0N_\\":XL7O: MG:M%KST:W0N-! MU60'QDK=9#2.!I1`(W0NFS*COWZN[AXHL8XW.:]U`QE]`4L?YQ\_S/;:;&P% MX`@R-#:CE7-MRI@5%2AN(]U"@U\*;11W>#0ELZT!GG>75,V2P6#,%)<-#0RI MN85#%X44L-1BJZ!Q@<1`S1WF;RO9VA.;$K?0*6XVV_9.:-4BQ5K6TKUTI)0H MD3Z7C39\76/=A_B>BQ-W=[BB5U(8;77A(J1C(='KFJ=LRI!I/LLE5N!M)P:* MC"[B]&E,V7S6^?-;PMZ>O1-;Z?UG(_.OL@$T&]OD&[#6>N.AS[D/X65V=7O5 M->"[(3D4?%N['WK_!619.>SV"`OR=:7YRQ*L0$.1)DI&GDGH&A/`)U'23P8: MP@\935!8YJ[*Z'`& M3'I#+LH=7XM.W_7;7[I4/$;.&SQ]>*48%BU,LP)3PB>H:TN$WOHE2G`^^VB_ MWXO$S]#K^'VZZ/:>]1]P[UI>PC=N2ME84D.!E(-H@DZ8L+GAX'2+B>/V:8<; MU[U6^(,%G-%!A.!":W&ULE%7+;MLP M$+P7Z#\0O$>4'#\:P7+@-'`;H`6*HH\S3:TD(J(HD/0C?]^E:,MV'!3*13*I MXR*3/Z^]?JYA,EUO$FY[5N(*,O8.G] MXN.'^4Z;9UL!.((,CV138@B=XN9YT]X(K5JD M6,M:NI>.E!(ETJ>RT8:O:_2]3\9<'+F[Q16]DL)HJPL7(1T+@5Y[OF-W#)D6 M\URB`Y]V8J#(Z#))'V:4+>9=?OY(V-FSW\16>O?%R/R;;`"3C67R!5AK_>RA M3[G?PL/LZO2J*\`/0W(H^*9V/_7N*\BR":A M:PP`GT1)WQF8$+[OWCN9NRJCMTDTF<6W"<+)&JQ;24])B=A8I]7?`$H.5(%D M="#!]Y%D.I2$A8`Z?X_<\<7N_3@C,XHP5@M M%F&[2.*[.=MBYL0!\Q`P^#QA>@1#T5X9U88K>[!7]JGUH3R$C7.9T=LRM^^1 M\6"LS7GP2=SS!N6`&9]A)CWBPB!"AAOT8*P!VCKE[2JW`31`&IMJN+0'=])] M<@\[.+Q.P23)VRZG[Y'RX$NIP\ZXNW[G[8%==FZANW%CK/?_.]2?NA0X[%PT M;?*Z5\+%#Q=#@2GA,]2U)4)O_*4>8:OWN_V\68Y\S*_WQ^FRZU+6?\`YT/(2 MOG-3RL:2&@JDC*,9)MF$21(63K<8.4X#[7`"=#\K'/B`W1Y'""ZT=L<%"K/^ M+V3Q#P``__\#`%!+`P04``8`"````"$`&3'AYX8"``!7!@``&0```'AL+W=O M`$/M4EIZWR2, M.5%*S=W`-+*&-[FQFGLXVH*YQDJ>M9=TQ>+A<,HT5S4-#(F]AL/DN1)R9<16 MR]H'$BLK[B%_5ZK&G=BTN(9.<_NT;6Z$T0U0;%2E_'-+2HD6R4-1&\LW%?@^ M1&,N3MSMX8)>*V&-,[D?`!T+B5YZOF6W#)@6\TR!`RP[L3)/Z3)*[F>4+>9M M??XJN7=GS\259O_-JNR'JB44&]J$#=@8\X30APQ#<)E=W%ZW#?AI229SOJW\ M+[/_+E51>NCV!`RAKR1[7DDGH*!`,X@GR"1,!0G`+]$*)P,*P@\IC4%89;Y, MZ6@ZF,R&HPC@9".=7RNDI$1LG3?Z7P!%;5*!JTUMQ3U?S*W9$V@WH%W#<7BB M!(C?S@620.P2P2F=40(R#NJW6T1Q/&<[,"V.F/N`@=\73(=@(-HI@]KUR@A& M9:P*IG(?`N'+$`[> M-)`Y;+?QL-'M8PD?<`DK,$3CN3'^=`!AUOTE+/X#``#__P,`4$L#!!0`!@`( M````(0"-5E@"I@(``/X&```9````>&PO=V]R:W-H965T#.P=+1MM&J6-U$I5UH41T&($:^9RD1=I/C7S[NK-4;&TCJCE:IY MBI^YP=>[CQ^V)Z4?3,FY140O^FU(TYLPFV10Z2?7# ML;EB2C9`<1"5L,\M*4:2)?=%K30]5!#W4S2G[,S=;M[02\&T,BJW`=`1[^C; MF#=D0X!IM\T$1.#2CC3/4[R/DILU)KMMFY_?@I_,X!V94IT^:Y%]%36'9$.9 M7`$.2CTXZ'WF3'"8O#E]UQ;@NT89S^FQLC_4Z0L716FAV@L(R,659,^WW#!( M*-`$\<(Q,56!`[`B*=S-@(30I_9Y$IDM4QS/@O5B,5^N5T!SX,;>"<>)$3L: MJ^0?CXHZ+L\2=RSP[%AFRV"Q"F<1B+Y#0KQ';8"WU-+=5JL3@DL#DJ:A[@I& M"1!?C@A"<=B]`Z=XA1'X:J`*C[LH6FW)(Z2.=9@;CX'U!=,C"(CVRJ`V7=F! MG;++K7/EQAN&,O%EF=G_R#APBF%]<3Y:][Q>V6/F`\RB1XP"!,CT`!T8:@!A M#:1?Y]:#)DC#?9@N[<"M=)_H`./);J+/.VZX>7T@WL03NTC;Z!HOR[+]RIL4!G&;5*'+V*Q<\; MWXZ2ZX)_XE5E$%-'-TMB:+#>VH^Y?>Q\?FV?)_MV_)'^`XR?AA;\&]6%J`VJ M>`Z48>#&C?8#S&^L:L!S&!_*PMQI7TOXSW#HL3``<*Z4/6]`F/1_KMU?```` M__\#`%!+`P04``8`"````"$`97.9]3D#``!>"@``&````'AL+W=O[-RM+A]+7+RPI46LES2T`LHX64L$U%NE_3W MKX>;*27:L#)AN2SYDKYQ36]7GS\M]E(]ZXQS0X"AU$N:&5/-?5_'&2^8]F3% M2_@GE:I@!A[5UM>5XBRQAXKX7\,ABP_< M]N&$OA"QDEJFQ@,ZWSEZ&O/,G_G`M%HD`B+`M!/%TR5=A_.[<$S]U<(FZ(_@ M>]WZ370F]U^52+Z+DD.VH4Y8@8V4SPA]3-`$A_V3TP^V`C\427C*=KGY*??? MN-AF!LH]@H@PL'GR=L]U#!D%&B\:(5,L M,!I-IB'@R89K\R"0DY)XIXTL_CI46',YEJAF@>\#R]@;38)!#Q+?>60#O&>& MK19*[@ET#4CJBF$/AG,@/A\1A(+8-8*7=$()^*JA#"^KV6SAOT#FXAIRYR#P MV4#"!N B,,8OV%$8S"F%KTY,X9VC+1>9G!1V00#+5I.Q\$#:]3=IAA"S-J M$)T``=(_0`1#"2"L)F\GJ768'LK04OV5$6R5F]S6EFX:+E1QW)7"P8C&4P\H MWN\D/-=5K2WMDH;!A:)"!_8/$,%=J=HRM#/?[DF\KUO#@-%,)CC25Z+!+X[H[+DYM:N^# M,)APOAIK\Q:Q MMB4[M@_G:_=VX3?_P':OV)8_,;45I28Y3X$SL#.KW/N!>S"R@JK#BI<&UKK] MF<%['(<=%N`MF4II#@_0+'[S9KCZ!P``__\#`%!+`P04``8`"````"$`XLAI M'(@"``"*!@``&0```'AL+W=OVVVM@)P!!D:F]'*N39ES(H*%+>1;J'!+X4VBCMNGYAMTP9%HN M_B:WT_K.1^5?9`!8;V^0;L-%ZZZ$/ MN0_A9G:Q^[YKP'=#>YF[*J/C631)IO/K&/%D`];=2\])B=A9I]6?@(H/7($E M.;#@^X5E.A^-!Y"PD%%G\(X[OEP8O2'*'NR5?6U]*NL0.)5)WI89 MOT?&@[$YI\G'DYXW*`?,Y`0S[1%G!A$RW*`'8P_0UDO=+FH;0`.D<:B&2WMP M)]T7]Q"Y.4OF'RYG[Y'RX'.I0Z0[-6?5PRD[M=`=N7@:86K_GU&_[USB$#D? MV]FKGH6S'XZ&`E/")ZAK2X3>^7.=X+#WT?[*625^'E_')^FJFU/6?\"KH.4E M?..FE(TE-11(.8KFZ,6$RR0LG&XQ<[P/M,,[H/M9X9T/..\C;[S0VAT7*,SZ M?Y'E7P```/__`P!02P,$%``&``@````A`*2JQB4U`0``0`(``!$`"`%D;V-0 M7B^CW+1Z3KY!.=58RI$LAPE8$0CE=E6Z&F]3`N4^,"-Y'5C MH$)[\&C!+B]*8:EH'#RXQH(+"GP22<9382NT"\%2C+W8@>8^BPT3PTWC-`_Q MZ+;87Z--00N>>#X`$SM2$0#4HH1:3]&`!Y!)?(\>[4[)\_3V;KU$ M;)*364I(2N9K4M#9G%[-7TM\:@WWV0C4@\"_B,49\01@O??//V=?````__\# M`%!+`P04``8`"````"$`>HR3WH<"``"F!@``$``(`61O8U!R;W!S+V%P<"YX M;6P@H@0!**```0`````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````````````````````"<5=%N MFS`4?9^T?T"\MR1=-4T5H7+`:=`2R+"3;4^6!TYCE1B$W:CMU^\Z*"UI2:?N M!=GWGGM\[@%?_.N';>GL1*-EI4;N\'S@.D+E52'5["K)QZ,4(4HSNIG0K=EO-J9_R4MJMSJTROZ6(/@P$=U M7]VD#^J(R.\;:1Z#@>]UMS[)>2E"(`[6O-3" M]UX"_E1P:]J"RT8'_LY<[41NJL;1\@ELNW"=/UP+*V?D[G@CN3(@R\+:S7Y= MUMHTP<^JN=,;(8SV/0"TP?VRB^VNY65P,=PC8'6,M`RM$D@<:Z32E$*GZP5O M3)_D85?S7D6KN!5T>(L,O@V&E0&_6*S:MRVKKO+G'L(TB7!"<,3&:(:2$#,R MQ9B2#X$9R!7J'R6$(HKG.*&$I1.6+G"&Z(=*0D2F;-);,D8DWM,N,DS@"$3C M-.E%ANE\'E,K@Z$D8M`^C9,;G(0Q[N\YPS/0';$%RNAO1C.4$!1:^G[X+`ZM MG0S=9+CMME<&"L-T::W(<(CC%1K/<"]NO"1Q@@FQ0H$8CC]]=)Q`L\ER3/"/I;4*K^#9"WK/3Q;UEIQVE$7"]):\ M==5"N2R/KN/S1]WC[KOXKG/O`D\[>%+Z:Q?[^(\&PJL1,)/J3B]K6D7FM"3AAJM;41PP;Q-V(J_:WTXPO#P??!G`L.W$ M?._E!Q/\!0``__\#`%!+`0(M`!0`!@`(````(0"GC=:&K@$``#P/```3```` M``````````````````!;0V]N=&5N=%]4>7!E&UL4$L!`BT`%``&``@` M```A`+55,"/U````3`(```L`````````````````YP,``%]R96QS+RYR96QS M4$L!`BT`%``&``@````A`#B30&6&`0``V0T``!H`````````````````#0<` M`'AL+U]R96QS+W=O M2K?)`@``3P<```\`````````````````TPD``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A M`+NZU-!#`@``/@4``!D`````````````````;18``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`/MBI6V4!@``IQL` M`!,`````````````````<2```'AL+W1H96UE+W1H96UE,2YX;6Q02P$"+0`4 M``8`"````"$`D<+"I\P)```>3@``#0`````````````````V)P``>&PO&PO=V]R:W-H965T&UL4$L!`BT`%``&``@` M```A`/9]'!UU`P``N@L``!@`````````````````C$P``'AL+W=O&UL4$L!`BT` M%``&``@````A`.2!DSF,`@``B08``!D`````````````````/5,``'AL+W=O M&PO=V]R:W-H965T&UL M4$L!`BT`%``&``@````A`/Q`C_BE`@``$P<``!@`````````````````;%H` M`'AL+W=O&PO=V]R:W-H965T:RH\88"``"'!@``&0`````` M```````````P90``>&PO=V]R:W-H965T'GA@(``%<&```9`````````````````.UG``!X;"]W;W)K M&UL4$L!`BT`%``&``@````A`(U66`*F`@``_@8` M`!D`````````````````JFH``'AL+W=O"@``&`````````````````"';0`` M>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`.+(:1R( M`@``B@8``!D`````````````````]G```'AL+W=OHR3WH<" M``"F!@``$``````````````````A=@``9&]C4')O<',O87!P+GAM;%!+!08` 1````'@`>``0(``#>>0`````` ` end XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
LICENSE AGREEMENTS
3 Months Ended
Sep. 30, 2014
LICENSE AGREEMENTS [Abstract]  
LICENSE AGREEMENTS

NOTE 4 - LICENSE AGREEMENTS

The Company entered into a license agreement on February 8, 2012 with Quadra International Inc. ("Quadra") to license, market and operate a pyrolic waste disposal system (“Q1 System”) in the states of Johore and Selangor, Malaysia.  This license is for a period of twenty-five years and cost $40,000.  This was capitalized as an intangible asset and is being amortized by the straight line method over a 10 year period.  Under the terms of the licensing agreement, the Company is committed to purchase and install a QI System at a cost of $400,000 by December 31, 2016 under addendum agreements dated April 24, 2013, November 18, 2013 and April 7, 2014.  Consideration for such extensions has been paid in full.  The license agreement calls for royalty fees of 5% of the fees received from sub licensors and 3% of sales of by products generated from use of the system.

 

The April 7, 2014 the addendum agreement with Quadra also amended terms to include the granting of additional territories to all states in Malaysia for consideration of $ 70,000, payable on or before April 30, 2014.  Full payment has been made.  

The Company entered into a sub-license agreement on February 15, 2012 with Zhunger Capital Partners Inc. ("Zhunger”), a licensee domiciled in Taiwan to operate the QI System in the territory of Johore.  The license rights were sold for $70,000 payable.  The Company has entered into an extension agreement with Zhunger dated April 26, 2013, November 19, 2013 and April 10, 2014 to extend the purchase date of the QI Pyrolic System until December 31, 2015 for compensation of $ 25,000, $ 30,000, and $ 30,000, respectively.   

 

The April 10, 2014 addendum agreement with Zhunger also amended the term to grant the Company the option of acquiring 50% of waste conversion operations derived from the QI System by investing $150,000. This option will expire on or before September 30, 2015.   

 

Impairment of License Value

 

The Company has determined that it is more likely than not that the value of the license has diminished.  There is no open market for this type of asset and no comparables.  Therefore we have reduced the value of the asset by

$ 20,000 to a net value of $ 76,313 based on probable future cash flows.

ZIP 13 0001528308-14-000029-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001528308-14-000029-xbrl.zip M4$L#!!0````(`,5M<46%,K5F!!L``'&E```7`!P`8VEK,34R.#,P."TR,#$T M,#DS,"YX;6Q55`D``W)":E1R0FI4=7@+``$$)0X```0Y`0``[%WI%Q@^>'EFQM]/O],_DT:2IX44/HUCC[UX?W M$W/)'%K7"5A,8UPP\W3AW9_!`WC7:-<;1KUE)#(1]06EJ^25.14S229Z4/"* MR3\9G6:OU>CEV#.I,_.YM6`KW_N-F8'@KGEJ>H[LH=%O-6HPZ82\QB%>",G\ M'9L3.>2+8+T"S1+<6=DX$OG=TF?S-[646CWNZ/116#5RIKI36F1Z;L`>`\*M M-[6AH2@E#YD;\&`=?9=\RRW\?LZ93R0W+#>:6&K#ZW_4WC9`Y(J'UV?ZRS&I MLP):$:45\[EG;="7$Q>\E0(VC'JCFW0>/XFY5N:5K!K%3PZ6WOF7 M)[U6=>FUGDEZW2]">IE%V'JF1=C[`@7Q++#J,7+SG)GS+!JXU"6=V]&'A,X:=BL$C%[6W&\W!,4[: M_!I2RZ?7(`[?I0%T3VU%\/59(1\I_V=%`SAH@IOU!OS7._H$&XWO,_R",YRS M!$WTXE.Q[6,)-+4XFB4P7L)#?R&U*&CT_\O073!_2%<\H/8MS(,+`?C++GZC M<_S%W_QV9GE@`2-6Z$R]]UK;%P>!?%31?HXXTWB)0//[>MXRRRV;Y\6?Y M):+H[[.\=98-HV[TCS_++Y$B^#[+98AM'#_R,EXBE?'=,?]/3W`9+Y&C^:X6 MGS$3;KQ$\NF@&8XVHA"L!?L]A-=']_#'=+UB:DZW-'C1%6TT*J]H>*79/L:* M#EVN)OOCY%*;;(=1$?KL;;2/>@$MXH[B1]G.L:=M/=\R?[*D/M,H6/P>IE\? M*+XX#AWFT\#S]=G?FZVL*(I[S)"[9*[G<+><8#0_.`ZQ#\7-3N.GF7'OE)Z4 MF]@R-;M8VMG[;;@Q*?F^5_#/_7JV&+\8R24P]!S'!9WY2W-^$@:P)`/R4 M5*=T8=1(I(UWN'$[A,_8E?P0#9E8S.0.M<6;VO7XJO:VU0+P``!Y?;8?*<56 MO."'5"P![?&OT>\AOZ>V!/I@2'U_#:W_2>V0Q=PU->Y:&>YPH618:]3>]@R( MDBO1.8"UEL9:>P=K!W$V,$TOQ$:N=1,LF7_'3`8OSFPFQBP8AKX/7<221(_(K!`L$!HSO4J2ZW1R2S;7XQ[$^I5&#GJ>784EQ,"9I.Z"P\`+ MR1J-:NJ!6)D1^9;>J[&@P_:.27\*"U<<.F3O^3VS]/:@(:$3VEA$-G`\/^!_ M2,\[X:X:;!NM\UY&"ZK3/1K?U3#=:/1;O]=.RO*?2>K`]5POJE4 MH"JU`WFL!O=&YP`>XWF0ED&U'GNNJ2V<:M#>/6\9K72*"[NN0KT:5O?:C?-F M)>KJ:4*N&AH;K:;1:N@(64J@&@(;1MMHMW80,$T_9-9[3F?K:SGH,VPE49J0B+#9Z_2%'^F1-0YF"1#@QI\$ M"`8RDA/,\->NO6V<8HZXD+5M%'=([5J(,",Q'0/WF,$T\[2# MR%9.\BF<:@B(U`LI%Z62MI&L"'H52`XLBZO]CUO*(02)=D,3RA6=P4;S/.NQ M%'=>C8.*V/<$#NY80+G+K!'U73S/E`D7P&#@3D*2)*OF1M;[1K>1<5UW$WHR M8]4\RWJW;?0;3V=,:M/2LRWF"\Q&!NN$D6H^9;W;,]H94[79\=Z$JWF-]7.( MDOK[$\[84-QUW,Y&16]1BYYVD7DB4Q4]1RWBJL;4#@1OZ_"YA\T[',&W[F2T M=6@]CD'9OI&Q#T\ZZ!Y'1/OPM,LM:.]`X^=R"R*'/7$6.SH0=ZHYBQO]Z?AY M7KI"^JUN)XN>JK,\B5O?FS,AI/&Y8AE2.D)NL)XGE9M4O=,]2>K86#ZZ3@62 M,AN3)M6&,'6+#&$=#&L M?(3-;KN?#4>W]E^=$1W(=FAP_RE\3,+5RE9FX-8#,%FPT>,*BV\2+G3H*A=' M][R=,<';.J_*@XY1.[2]WZW,P\T*JQ$`2*.GB<:=[\0E+5+OY#+%>K?[4JV& M7N>=_OG>1,>POES3<]A[3Z0$JV%871MGKL]]R%7#KV:WV]^+6.SNQC;G'17< MA*F_Y'88I"[+^0X42XU>.9SL2VX':NU+[G\97RQQ\^@>)GC!QB%60]W,Y;L9 M7V`;%V7`MK<3\C0>CCJ.,ES\K.,86+^%0N;`KCR_",+/JX%GWI9L[;TJ$]70 M,V=']N0!EJ//J&"73/U][69*,I("A6I(VNQH>]4E))["336$K3>/QTU<6'%+ MU]@^X6@G!)>CP_Z$JH&OT2D?N49E%U-:QCYAJIICV=(K&7:0>2I7._U-+3V4 M"R,J'\%WTT'-3Q:[FO];; M.9?M,!Z>93S5W&!8J%GW[S.,Y]J]9R+?5\+[3OPO7])/H+@3[,LI`BF3,4M< M^9Z3V5I<7[)96MQ5#<@['2WXW$K@":SL1/$G"?B*N]0U]U;17C7G.2^0PUAX MEN'LM`\[]NT*"UMO9?V[#HD)S6KPWVUEXITJ]([`:463D,>C8_.ZI2JYIQN! M;KFOU6MV=O%XO)+IGH[HO?*Y;O8.XNW&7U`W]B47INUAF?T4V'UG>^:G9!B;X/[V!SMX9?%[;/+CR%I0?S(8 M&,U6N]/M8=JO\2,1P=IF;VIS>+$^IPZWU^2"_#CE#F#XF#V0.\^A[H^O:C\L M@EK&J?S2H?Z"NQ>D83KJ M?_PR3URCK4@C-1'XGKN(/^%+Q*9XM>!H7/\XJ26\R.X$_X,!)_OV/[Z9CHA1 M)^\&D^L)N;DBMW>CR6@\'4RO;\9([@P[B6F?Y5DY6Q5(1`Z?VGP!H\6@A<_7 MKXK$%$ND>]I9!95EXPZ9QVJ(-S=&>DB\.1G&E_21 MV^B6OA,"F'$*E'P20%?!TF>,.$!W2=1Q(T$8*(1%)FP5J,-9K<8)P2-+!.); M_$>++.D](S/&7++RV8KZDA-"P:OW+2P))P\<^OOH2A[ERA!DP5RP&C:,#-IA MWY9\(915(-`/!_Y7&&W]]`-U5J_^VVAW7VW,ZG/JUR^#P>TN-3HNQ7B@O5<_ MG\*TR`GQ5MS%2!PF#]K1A9S+$R)"\5P@#CVY^)I-?+RRT\<'N1="!])B5;B#$I$H#:69@ZM@A(W7-X(%>XP"F./LS6:K)" M7.5(WV<+K"^0VA'-I+Q55H4GV&+T:"Y!"HS(VC&Y`74"&A\LO7"QE"\,40?= M-?!@DY*?/IY.3@F"_\\P:>`@ MXFI(H3=1&@R?'?DR*B85(G162G6#)0T(G<\!="0I*DN,!?2V\OP,"\-DA21> M(TG=1M5M5MLXA25^&_JP5`5+BSSS!=T] M/=?YZE^^S^>9-$3DVG\8H,;SY\N)Y^ M`!^=#,:7\'$\O1[_,AH/KT>3;\IACXT4&"-O!NS+.]0!6%:1-DMX^/6:3-8" MUAU!.`$@?(1&@&VF='/^$G.&?<+J.`'ER\D0S>LE>$G*?S*DW3B')6;!QWMP MG+P0W*S'0%VS0&AR40;!/^$K--#,]AY.HPD\APD$WI4)]<&Z2L<>7R5XBP;Z M?"JD.%'(90L/'L'Z,:&_",\1MV&:/(!:@C>SRY8+YBU\NEIR$[T[FJ%W`,A5 M6_%Z'5":*9SZU!54FNM2J-"3B-^AHC)4M$B=W(W>#Z:C2W([N)O^'YG>#<:3 MP1#C^4F95GRE2'$9RM@,L0#\5?`<_*UQT4G.]T4K+B]A`5?W'I`%RR@ M1N0@6>CHG'1TX$#?'G""/'C^)V3`C(JO74RE:W``R]B60&"%TI]&-C+D@Z(8 M[@&B@#P3!HR@W3-R;!3BCNNI%`^!,!1)S[B.&C'ZGN*<3LJ+HS^+>T(9M4Q7F6ZW*B*J<93(^`KXW>+1,HZWQ?@_( MK3)!V4E+^U6>;SQG*%FP5A3>ELS"W*9ZN5_;H6\P&NQ-X>P?;3@![&-'=HFI)]][Z^ M[WYTM\'8'F\5\*678T2*57H`ME]V6FI+<69'/_Y:3JJ,K5VG7?IEITWW/^VR M']$R1@OG?[-RZ]CS'ZWW#0W8SMQ&X1S$_U/Z6.;]ZMO[W[W?RGY@%\+IZS$X M@",R'?SK&TVPS3EZ1'-FX2X`;F6!ZI&`/J*;A)DKDXHE9J*X'M=&.T78EMAX MZL#$ZA"()A^H;ZD$E_H>6[G@>?$5S6XQQM?UX`:.]/!@=7@^.\$(%OO$U]35 M+5G"8W#//'A1K#RU(XE-*1YG4DDWW$\'(E&L3:5ICWR\^/:U0W:&GESI<4RW M_4DZ,QP\CX]N&$7Y%5\6:LNLRHJY>+6,G"0A5,H!?6-L?GTWB;=ZU!;0IA-F M%.1M487FE-NX6XDY856)E]N@E'XBJHG<8@*EB39T4<5`Q,1[P/3MQPEPG(0! M4N.OH`O2:7>;"`Z9#N]8$/JNYYRO26;]VDS4;`UVHJK4IKY.4,G%M%`[KYQK`T`)GTY M;)&*)9M\+N03N;*X6(6!2LW!1W#=N2.I(@V?X5DQ*\Z%970@VDR$1Z!SH"40 MRLG$593C$_`=-8,<$-W:LFQ0,*9R\7%HW^Z^2F\[)O*ZX[1VY)04#>(`5[7, M8F^Q[:-'*N_)!:VXE2L$C\\IO$ML?-5;)/1J_9V4](U)Z@KTL<74IQ8KN/BS MS"'9W*U\88?DN:KRCHNDTA/I`-@,AL.;C^/IA-R-AJ/K?P[>O1\]C":4>IM&*6DCHOY]_BW(TO- M0E2W*EPT].2 MWMO8NU?6RNAGC,E@Y7,;9B$:UTQ*.00733D"*\FMMUIY0N$^58?<$-=E65Q< M_P&=1_81I)!DW6(>G]))?8ZG42QHZC MN!J4[T=N[ZM9QRQSO^[&I>3E5>S:+9WE5/3,3&:G^XZ+3R7FQ&@\^_;.G_^4 M,2CJ0XIJ7Y#Q.`?C\>[CY'H\FDRP8F0X&D_O!FI+^"D&Y+NMV(R2HV#55EYR MKF1#UMH)=0$"!+)Q]<8)AB56"-%'>04'&0A9,`JAT@S@;\,CIQD05@9*7GDC M@YKH)USB`DZ`5[`.`3.7+@AALP*J`+&SN\"#V^65D+\](K;?%XFHY MGN469U%*=3>@;`5%_6<(Q2]^YNX$HZ'GB?N[J^\*8;&8S@8RPBC,(*3VC:IV MRMZ4W=#3O7NPDKO1J*#SC:NF;YEO2@,3705[XR:_$>3YV5MQC(:>WL4[VA-^ MY(]K9!AJRL1N)W?1]$Y:^W!'[2Q/>E9W#YY:NWBB&\?,I=>0.@J:QN@I6<,H MMZ3Y:2KJN_R>^E+S^9+GIKZ2_'`;#.O[:S"GDQ$9_'(W&F%=YK>9)=;LQJ;- MP,P9F_DAGHGIJ3R6RL&IGPPCN=\,4P>J?JJI9[6?,[;L!$7PB2FKJ8[",$PB MKGT/6F!A5)"Q=4)5?V;./_UJ1"6AF9-"<7I)))7L?_>6GJ]J*R<,!>:!C?I` M;;H6G.:-&ABK>+1<1,=]HLP==)0-"H,'$,2Z/@?0SZ"/2ZU,U( M4J>/U6#1)K>,U)17P!,TB/+?5&4$9TP>5U(15GJ&!)24HJ9)K2,.`]MNJ7B+ M:OG63>:C`6<9^RBK9.-0+2G(L..?C$M5(Y]DQ&R@+#S5ZWDE]_@;;G@X2Z_L ME7([M*271K]`O!G4JO"UV581[4DFR.UM!+G=^'A)*@L\(L`MEDGQRJ`VB:*% M=+W4X3_*97H5SU?ISM/FHC)!&$KG?&64R)PI!ZFVL0:VK453CX@@^*CYLNT>#2XUFI\E_A8<,X(9+;:NOK+#KV*U6I;T+D9WQ9F,O/R MR1F`\TT#4)+E!`JR>U7!EA@R[#$&1)#1;>2Y1++"`WCVAHGJ1$O-P:L$MZRT M9J=@I>6;M(H6(W*^1[-HKQ2,A9U+'%1==]\1/*,BV^`[RX-B2=C. M.4[JI'NL&M3$G5+$]9PGT-@TXGX1N;F,V28BW;_N"QJIEK*_[=WK7M M-`X#T5_A`\C2L`0$0D@E35%W@?0*ZF-:G"J2E4@E$>7O\8S3V/&E"0JP+_M2 MJ95R9NRD]F3F^(S.`L-_]AOAN@9L[RW6Y5I6\XS#K=[_Q5/SS7=1V:8-@0M& M<"D;OX5H?G%^_-NMOWZ5-5246LA6&$W'10Z$)R3DQ31[ZW1.JT4N44O"!OM@ M:DB(HG;I]E3Z!_2E;$Y^'D;_E`=:IU"WH<^4UO^PLP=:*;55EZVO]$`MFKJM M!#X[>"`2UL()M7+2X`0VHK1[(2RTK6\O7DET=]/)5KZMH;3Y_EI;PXT2WSD642_FPY6QQ.PLF"Y"W")[8YW^" MVS<0L\-UGL$[5IG/MC&SV5]W%5%4"4KV).<:,;L*,9L)V1*W>PL'P)$\P,EI M&KU9XCX?(P.N$M-(,+0ED`#E)8]T32A5F62H>$3+E"98,%*3N]`*K*L`7RQ> M2'(5,)_S]RG9)%!72?-'H"I7:X2!"NOW'VZGH\%=<#2>AG\"?SZ#HR>_KD]L M:*JM84+)UH]RLH$,6]7\VR#`,P-5,C;A4Q13@HDJ[[ULK`8G;`VR=8%"]$@A M7Y)H.V2_B%59:\7K`5G-]3BTY6H;/!=D50P8:%\3UP0O7:W.E8^D$#IB+\Z[ MOT2:+7H4!'T$`L``00E#@``!#D!``#MG5]OVS80P-\'[#MH[NLS^/ M@UM@'%-RVAD<]#L!D)!&F,Q..PGO(AYBW`FX0"1",25PVED"[[S][<+JXCH8(3:AI-M5ZE+L MRXGZ,4$<`ND'X>G'T\Z-$(N37N_N[N[@?L+B`\IFO<-^_ZBWENYDXNIJ)!X4 M\L*O>JN+>5%L,8V)BC%\-!U;A#^-I2./DKK3=T>IZ.#X^+B77GT0Y5&9H+0Y MZ'WZJNQ;KJJ^[@L'LT M.)!!=.3X!<%J!!F-X0JF@?K]\>IBH\T0S2<,1S-8,/H90L$Q"0]".N\IX5Z( MOPQ>';X^ZK_NAA,N`TCMB>5"0L;Q?!'#^KL;!M/33D[^L#]XV3\^ZBMG7NAV M>COWCE.Z&_=20U_#OW"Z*P>5I;R'(8K#)$YY4M1OM`+W`D@$T;H=Y5AS`-)& MU\W&--QH*E9,4[894?Z^GR(^2>F566N&T**G8NQ!+/CZFS3J;G^00?PB^_J? M(><@'OB+T03B-/>57!18J`CUB[VV7/\@;H"MO'A/B4S`#(@P1&*5U0(SR&[& MF2-CR#9#1BQ<6Y;_+&"QF6DRB1Y/YO/46A<+F*_UIXS.C<-!ZX4W>O0X.`DV M;0:"!A6V*(N`G78..\$=X-F-?/`,6AS[E7\CZYB7RI1"/-J',;:%XSJVFHUL M3`=^C.D(\9LAB=2O=_\F^!;%TDD^%+)N8DM95OV-X@0,8UU+5V/`4=<7-G0" MZ':]8$,G:RI/D&,3&5E'?I`U#$.:*#=)E&:W*PA!NCZ)@;\'49%%ZNCJV<5- M=P_(:M(+-OJ6(EU&T3P3%&$QQC@:&B'C(+:C"5";:9NUD"D7.4E?+%'&V2;_\N ML41!ZX=KL4ZV@0613V!=XG(-N`HW- M>`;+2T]@@2E(QZ(KN`625!1]=F$=$H/PW@#B$FPC.`R&_5JLRL4@)S?7@H9? M;F@L/>1J"BV6U?6:5DD=7$T!Y!MW4_->2Q2;N> MK6ZI*2(E:=ZU[O\8Q/2MGH)8^Q2Y/=PJ`BP'Q/XP*YKT*TT-HPBK@%!\B;`$ M>(066*#8M.YGE]97_4S2^\*#6[A-L#!:]JO0N0*!,('H'6)$G;G+)30Y*\0A M-J[W.2OJZWT.BON"3^U.:$*22R-^K??E%R1)-*)$2+^!A')N8'GP5&B4/(., M&NWSTV3FY=X)VT_!K&VM'V";.2KALF6Z6"6U1G15GQXLU/XYV"_F"X39O#@- M:ZJ>=69]]?;QJJR9M^R3FI5R_=9*$.N:&'O3T_MY+#\__?E2=?*VK93Z'L0% MD5[!F')3$BV5T=*F)M-BW9$N-9M"T2\7:HCUY?9OQ?)>IY6QE-]B&]8VJX"U M%;^F%Q\6P)!Z>+R[7P#AQA$URNG'AHMR>S#&5='5'.P2,S/$9UR_FA+UK,1OY7/^[W,_FT*&>]0-(+$:]^OYD)U6R:*P'Q[2A,H/"CT([0D(UM@:C+UN+QON M5WX,]W6R6,2K">@EY0+-P#[RE?+Z/JM9?D]X<(VX`1H6TQDEO_A!23HU?)P. MCFX0FQEK"+MPV9M()<)[`H=3K`W(,-GU:]U0UCZW6)4^)2?(S05FI4JQV+2H M[`DH->)N5H1:K._JO*##*BGUG#C/39**U[*]> M3Y,NIKE'COWORX]<';BX(+?`%9W#4.#;='?#O/Y9TT!Q<=390/NYH1$9=`?= M59Y%ZKB3?];4<<.OPG8T^6]B;=>N3 MW`#.KOEUH,00S3DFB(0[OBEJ&G6[*9R-/MN;HEFW/LE-X>R:7XN@3[)[V]+& MV"[2*G7K!N,NVA8^:-#EV_:+H6'T.>'IB1TY*7?8=JF4+YSE-,H_1\Y!84OQ%&[1W6`J@%AS):CWW-H-J+U\ZL&O0J42WH?1ND MVKOKZ4$M^+.N-/M^@/I]'^[KD+GUIMWNH'R:';[OIP7\@6^+HP4[G.W8SR%X M6]%]C-WKFJ5 ME.IJWP:DULYZ>D9U=SQ[4:#TIM+^%F*==&I0=B2-@6RN&+9 M_#$>;&UL550)``-R0FI4BK6U124[@WZ]D;KY;,N;B%P;,N>O3.4="XMW[N><:ST`9)OY-JW/6;AG@ MV\3!_O2F%3`3,1OCEL$X\AWD$A]N6@M@K?=__OK+N]],LTL!<7",\<(8@1U0 MF!L?L"N8F3$8='\WOI`7H,OO^_?]D=%%=$Q\TY3L@NS'M7P9(P:&L,-GX<>; MUA/GLVO+>GEY.9N/J7M&Z-0Z;[&W&U+F9!$*F1WKVZ?!R'X"#VV)<3FQ M&;&;X6L6/AP0&_%P0$LC:>12R$_FFLR4C\S.N7G1.1-.M,3X&<9R!!&U*7'A M'B;&ZNWC?3\])-CGEH,]:T4CWX,O46"FM>Y4AVZK58N(A[._'X)7H.NP-19D>>&.@=1H;EUN#IFBYQRFR/TY^W.Z_;513LT,2FG'NMZF-DN8:)6F*/'OT9W M7Q_O/C_<_2U>>L`1=EEU@Q5$1WT0R0'[6"9*F?41"'6N MM;K$CJER9;(F5'=(O@^P+6`#M[XS"L;NZL.4`@@T<78[QYM`NF@,;E2F!B_' M7'JNR6L=P>->+"GK^ASGUO6Z%\O::7S=TG4$5LEEA_HXH<2K.IADUXCT-BX9 MUX:6#08GZ@R]C`(K`M,R"'6`BCY5?!7FTVLYWT$T51/DRK:PJ<#[WCE-Z,5< M.RSR4B$Y$>R='P-[8D6UL?!K@!R*^CX'ZH=M/G(_Q7J\/`AJ"/P&+Z-.CRZ$\LZ9D%6HG*OC4KTEL51I"D*7)Y>- M(JFU[W/D3['H%F\9`_[(8!*X`SQ)+@"JL.:7Q@+6)F!PAV#LIT"6:T^A\H_# M)C8Q581/?#BY)POD\L70W_A)J)A*!:MM9=9TJE-@;0+>=@A&O<133F4+/VR.V86A1O"%60%S2?*V)&X:8M.M01)KHIK))FX`D#6=K[)8*M:51='9Z M77L/QKSO,TX#Z:5(H9@XV!83(F.!J,630%8)3Y,@IN-^C5A34YO>E6\?K\IM M9X9:H4O3%]>Z*'T3$*3K]OXJ7H;*-'+J/+523[;J>S.$J1=V>8GE*5NN7%VY MM/`._5FKL]8(&^@]1"'CE(KE\E1V,@E.)J$-W77]];$92O-:.%. M?N'P"?&`8KZ0GBA!+8NA$&EQAN8"K<#QO>$L4V<6S-XHXFRG@!?_Q` MDLY1JHRK5-6B'YJ@=8HJIOK8)\6',^GP`[FU?P:8PC^(<>@2?W7Q?"@&*OPI MFZWV5M&T8"57759ZE5=%5A-R0IWAJG=UN(,Y6Q`'3+PCL^6!\NT!KLO-_4XK M,3;"FA\'N?E9?@7U6(54#!*#GX&(Z=VS>$G!)E%&R\@3132?_&B=0\*DK)/! M*J3%CA[@U*_RB!`MAV+3NDQ'M.87RBZ=H^EMPKV=WMT/C(2^C,O5BM0E8-I0 M'[(-4AK7`FQENZ@"KTU3HRJZ#%UR$_J4@))Y-5B9OAPL![_\JSI0Q7`IOUI> MHJ<$,[E7>$\?-9FWS)1HB]%RV+MBZF.3#Y3R"V"E6@I@DGNKZ_0A9B+9S M..D^(7\*??\!S4=S&0"MB/BBV==D@U!'6U2.7ZFH2_ZH4M]9<. M1RMM67^I4F=M*_[SBH-6M_-VV:IX]5R^R/]Z$T_^!U!+`P04````"`#%;7%% MIP5T)"XT``#(+`,`&P`<`&-I:S$U,C@S,#@M,C`Q-#`Y,S!?;&%B+GAM;%54 M"0`#`L``00E#@``!#D!``#M?6MSXSB6Y?>-V/^`S=F(KHJP M*U\[$U.UW>I0RLIJQ3@ECZ6LGMF.C0I*@FU.4:2+I)SI^O5#\"%1Q.N"O"!A M.S]4I47>!R2<<^\%"`)__NO774`>:)SX4?B75V]_>/.*T'`3;?WP]B^O]LFY MEVQ\_Q5)4B_<>D$4TK^\>J3)J[^._N?_^//_.C^?Q-1+Z9:L'\F2;O8Q_4H^ M^D&FG)#+R\D9N8J^T+BX/[N>+'[.U#.QWWYB_UM["259.\(D__B7 M5W=I>O_3Z]=?OGSYX>LZ#GZ(XMO7[]Z\>?^ZDGY5BK.[OD+>#UG#-T=YSOZ7 M][GTVQ]__/%U?O<@FO@BPERN;FC.^^\YB#Q?TKRBY?1QDOSGU/[ M/8A4@GTZK\3.V:7SM^_.W[_]X6NR?97]>H04OU\5O^S/^47?IUO,M:E_V7?@R\V\I< M_DW^\DIZ/_53]B4$]U^?MIK9.6EW3)-H'V]HPU/^SZ]2?Z#?[*3+BP;*S>Z" MS#4+`30\_[Q\1?RM7'IT^$C8YS^_/K:<_[;C^+2CO'A3-2K[4_-%2HG7FRBC MW'UZ?O*=;N)HI^J32/LSEK]*#EWR$^'D2!H1J8G7_>!QLH]CYM-/-E[PG]2+ MI^'V(B.<`)HZT1I*Y:*=`:MK17?L*CRH82Q5')5W2'&+L'LDNTG8W>'QK>W8 MR*0#!*B7J9P2``P:6URXB#9[1L`K&OO15DX$I5R-!1*YSA10^N^.?YEY-?C% M6J/J,BFN.X1Z=2]&X!]<@'>A_"G88=BPA?1IF+7Z,:NL:3S)_-Y&\:,`YPJI M&LJ%4ITQKO#='>%BXVI\BW1&Q4627R75Y>&AK>JX"/@K"V`MD#X%-00*=B%] M36_])(V],)U[.U'L5HEQH&Z*(:%:[!T+UIQU"*X;2A6PCY<)N^X*LB7=)X"V MLJ-Y;)^*B\"M@81==$^RA!%[P2P;WW[]-RH/V1(Y#M^<'!+`)?ZQ$,Z;AT"\ MJ55AO+Q.\ALDN^,*RF6]*("YNL-YG#?D14#78<,RTJ/=+@J7:;3Y;7GG9;!; M[--\SM`/1;,F<"6>`THE+$(`6H;&#K4O$%54)@Z\R85(+G5&"CE2$W2&1A!4 MB#@%1Y.`8`IE(=M,4&A[_'L<@7_,KB2*$;!$4C`&YB311L&2-N"-@WD'L)%P M4^\X%JY/`^7WAN>*KD>%XV%U]XM&Q`T-\9A8AY5^\%^,S&$,$,A*.7`BB\P" M03NP>7#JPH0)=4V."^7TD)-L$/6N@@]R,,@94=-1<4*%'=NL6&5F%42HWQ9@ MO[B-!O>Z-SR$EU9AH,Z%CSAF']T![DEO"+$JZ"\1/)F8&)'"'C4%X8V7K/,O MN4_.;SWOOD`B#=*DNM*$9'GYU_%F$^W#-!F'VT5Z1^-KNJ'^@[<.:#*G:?DL MH8&C5KKECV.HVPGIK=K9C0:F+N4<,;,TJL1(5NR27)#4),]()GM&2NEA^=4. M/5&G3FTPT\C&D;;.8O?7MR;H36F>D4"RQ)P>`+',^9"**]W1[Z7MK/_!3GR;:Y*.6YQ..3!Z+J.KVX%)3Z@M$1HGV M,8O<>X].$4_3U2*R@=`AH)=83TBI80!E%NU!M8K"40<\L8!>WB2UN^[5(6CH M@H3OSO@:-DQOMSY;19L-HCU_.PLGWKV?>H$L2*NEFR%:)HW#)W5;D+@D=0+@ MD41W=+Q!V!WBAZ2\YPB#-+W,\P<$"XX[8BT!2XH2^61Z*1I#U9@EKN!,$FF/:I_ M_"W=?GC\G-`LGRSN:9PU/[P=;U+_(:_YQVNV3&XCG06QZ$J:"#!=(7,?_U?` M3C^H+30)-(B.1S6KC)0'N^PQ`RDLD^^8[>_9;6:>5/;9.Z??,1=9[?D].7@A M1S?D'Y6C_^]:]+-`,D7@M$9I><3%O]AH]?+3*'[#<>?%M%DG"*,U*VM_W?LQ" M3+1/`^^1/6MA7MTK3Y]9<#$I6Y])>!FVG`V"Z`O;=^MC%%]$^W5ZLP^J)47' M%6>:=5UM;#0+33,;.`&Y3;LQ8ZNA?T"8-+(X.HBS\3A9>UNRI>MTX+=0NJ&* M#U@=P,G%'A-;@D#B.L;1EZD9.T>&>#Y9=0+R2H4E5Q;Y38``?3IMT<* M"!)C'R1X!R*!:AO([EQX9X$+[UZ-+FF2_$2\$T9L*T9XI>8+1O\[E]#_SOFR ML'@I,RM]8^HE]((6_W:J$M4F6Q6-,I,]AA;UM^HSV4I;@A5M)`Z,TG#Y2G1E MA'Q7F?G^*<4F#91;ABH00=K%+;'IMF',6=K9F2?KVB"[_&.%\(%.?M@H`9[D MR*]/>B&5Q7T0;-C9I"2AZ6QW[_DQFR\K9U1E!8%2N)GJ)<(XT439$J3T+/,! M(+Y8=91?)\<;I+SC"(O5W/G30C=]461WEJ.%Q\3MC1 M1^U.Z!D^TBHCJS*2HD+?1J0TB(Q5)'0I[NFP"HIK,B3B=IYAG(I2+P#&*:.X ME,>AU6(UOB3CY7*Z6CZEWH1%&FE_.A!)RDDGW2HTE:PPSG"RB,B5M`,S"O$N MH'!N:I8QZO",P;T%2\J^E0!?#04Q"QHZ,E+TB!Q[I9K04TL(Y6M4/E]?3^YF2M-40`,;D<%1_HH1VWPW M_Z.FX/X*A%9(XYC<`:]-FIN8XJ.`XZBWDDR,&X`+?Y:*YL7KVB7$MQ7$V0(! M]IK#2X6Z-J?U!W8',^(XG7AQ_.B'M[^PC>>,4J%$%Y0#.5V+84#23L1I$:C? MMJ1O6LJ3G0'S!GOCHD3Q?9XHEZD7ITAA%OBV!=16#N@Q#-'&H#&\C4C4%<@A@ M+L#.Z/10VDR.1#$I)(O2B.!+K+0@H[!)8K:Q:@?I% M06U>_1>X30K<.K:?O6V,ZHM\2R@==E[IV#[E%))$3)Y`4,??$N]VN&8PW=-4 M:C#H[8__?/;FS9M\0)VUB/V=?TZ*8\J]?7H7Q?X?='M&LL_WE&U'0X-\@Z/_ M_4,F^/;(P?]+WK_/=-_F^GZ2L$.!F-G(E:/.M4A1<1(T3]005W+-)OK0)WI$ M]LW!5PO@9>&17SXCLQPM3QT=)N$9B`]7`F^>!9*BF_3Q5R0M#\.GTMA\$+7% M3E!N>#*BQXGN28BN(K'O)D6$7:UBB@(;"KK4M92LZ0],%F,LYZ8UEOB(6]QU M-N1VPI-)`&Z%*+?"\?A0G$%#,J^A"\MU#3MLXMMD,SR?>&M!JYI^HY(^ELIE MR':46P(,Z/DE!8Z684=-`,OZ1)OU^-UPU0ELLCA.CB+/$V[F(;TEX-P*[8OC MF!D:VP4JNN!^HF*';X)6V0SOI^Y:4*YN0%B'NSR;(0>"GG)R^&@95U,%4*Y? MT%F/\DU?W3`GK]<7SQ]WYK&^-?(&CO;9CQNF<7Z.X;6?_';A)YL@2O8Q7=&O MZ8?,]6_2J`]7Y:(_1!6)D/!6HF8#D%L(0P&&1A\^+V?SZ7)))HOY9#I?78]7 ML\75?6/G`!:<86=(=.._F+P'LO6*P#_U9UAKA2ED\L(EDLDLK;@<9)H0L0!06: MH]IE%[*OL"]ZQ=X&B9X@> M2/1MC9]!X^L%7:>S,$GC/=OUCSTP8'NR7G@I?2N)L@"-1JQ5:J!P!]`FG+BK M=J2GCTI_Q&Z2X]WB<5>^@3$3<(--D-[G.`6'3)-7"DV>78/BS$JDUOGK!#@6 MM3]E`>DN>"1^)N(%0;[#[B;:9?]N:/YA^VR1IXWI6-AS*+X7+^#ZFROO<2?? MTP:DHXSQG(X%]DG:92/.\ZY,B=>TP,?Z2H*4(BZ23@8%#>W4"%+3KJ&K(]X` MP.LA\(L\=D2@+/A[.[8#__,%GV'4[P8_AR+_)R_=QW[ZR#(2*.R+%)0Q_U3! M`N]$+;(1[1M^3(EVHL['^>JVLS6]L.,U)%.`1HSKGK@C1) M/#_+7W!UM8CO"C7#8-X6;`.'\1L:QW1[31]HN-><4JP6YL*W6!B)6:J6H')* MX@C")J'JJ+I.XN*&*]11]JV`-@`L\(01*8G(TCMVL!]K*KRTA.P(TN-"KT$#BD+9-J$%8 MY0U")[G^J/[)%1+I.US`)"A*>#))-46,&A!:^#%:[:H3LHIH?;Q]1K)/`)K[*O[6_=*9+T/<[S"HH2CE12 M10&GAD,6>FA7>^H"JSRP%\`J[Y-2P+5B'!5G^O"-@C2T?1,5+HPV2X36J&IW MG0#W[@"X_(6;NRC8TOA98DRWX2$2QOBM#?LK$*9>S/:S3*I]A#YXB;_)*I@+ M/]BGTM>6@5J-4D&KA<(T8-MP`KO>F9YJ.ANC2N"XX=L9R87RRKT4C4Y`TQ,QW,#LGZP,^MR\! MG]IR!!NA@XXJV6ZGZ:/F"$2Q4#,E-(1P:"?TC!3PF[8!7#I5&16?G3L"3])? M/!-4_?90J&(35]M*.SE$Y=:(OW)#)T_BG3HRPP@D*L)"(:9@K-2$DK0N M`-1B@2&J1F1Y:P1.F07VU2Q=7< M.Z>RAR,P)7A.S95LQXM:RZQ'AL)7IQC`3&C9G@DY3^PZ(DQ(S"/)@*[L\:X) M-?M"H%EV`B_[!#CM"D:6?*J)P(?B5)WP>:.O2[IH@;]!T\#/-*2Q%[#%W]M= MULPDWV?P@4Z_WN<3E.J'Y8;:C<0`UD;AIV%;<5(%W*F>IE!;HU*P>$'B1)24 MLLX]Q3<%$L?H=DAL$AMHA6>XDU"VLH3`Q#<:IED.TJ,Z^>EE@5F;IVS#>=C, M%47;+W[`&ME,JL<-3]!879[M[S8_9$?7'3;&A1 MA0>L"I>$`T/M1B``:Z.$`,.VXI`?[E1/>ZBMT5&0K9`23(:4DR6YN!L!P!1( M'/7;(;%)>J`5GNY.0ME*.6OB&PW3K)P]1750GV!Y61C65K&V43QH%3O+7T59 MIEZ:KP/3U*L:Z69"DDGCL%;=%J2$(W4"(*-$=S19S"]8"7E!EJOQJJPA%Q_) MXFI:'K7C7$6IZWB>?""D<%03:PFH!816WT1:>5_!@S^`AI!0$@U$4BG;A$DL MF2,HN<3ZH]E\LO@T):OQ?TQ=I9*ZVR5T@F!%3"FAIHQ6,(`-2BW=<7(0%3VY ML$_F@K3*&KW,3HI3&A@5=TEVV^TSMT`P@)`->CB<2A5$MSXA9V=`HW/8#7OY MT*46WI\KSO2C$C2D#3W^B*F7T`M:_#L+QYL-VUX^N?(>O6RX)`_P,#T^RNOT ML'@':Q]:O->Z`Q%/8V54B9#O*J'OB1^22HZ4@L[0$@@2$3>-\"6@IUI?R%$W MH&DK+P"\(F`TSQ"E4,*PZ578O'\IV(0D#W1TNI=&XCU[T=%;^X'/]HTRR202 M54@RX53MD5;22HLIA??8DK%-0XK$PD1)3=9A_LI@`Z.P&G0@#C=,`&D\'&3[ M2S4BQSC8%26<'+.T7!;T4@#;+NV@0-:QY-/8LAZ<>21ZVK3#Z5DBL*1]MA(. M[ZX-8YM69*FF>2J#J[25@03`636^]'1MZ$.X.A`T>THL(J\(&*VG%/+=MH[2 MK9,'S]A$:8NTTAVGCB64Q3UE*V##VXEW[Z=>H'^T:&A`FV+D!BP16M=BJ[Q6 M.&]#;ZFYT>0NLU66C?G"D'Q]>7"L;!Q94]X"40"F`U&I)[S,$(3YSB`;^PUR M0\^8P#Y-8"=EUD&%E#HN/J'O$>LMTIL-M#N6\*[IAOH/;%X1/F\GT-&FM1,= M2WP7M,L6P4]=M6%TW8*,PC495QDKP@*`I'((Z5E9TX40L6?D`9.+Z88]>I\= M05BXM;9R@VGJI#J#D()'M+ M&@*WW=%Y,@C)0'E?@I*^#%"V2!==8>E8TKB.'KV`3:*8KB63*>J'$YRBK7ZO"KFE&.L2H!%U?42:%"J2V4\,,4-XU#(!JO*$@VM,C&:%;#*QR MS_GC7.`Q'W\XOK8,$Z5MAB$(.!TXMYR^OJD^#5@CS641B302+Y5M0:6BS!.$ M?6+=4>UU^_SY"#FO3H5PA6KJKA;P"X(-GE)"+1&/!@`3_H,+N9O66"K"-[=Y M@U.'_6*A"1"BN^')J6!L\EH@6%,3I&V^L05NH\7@W?Z]0;T=P19*;M+/\&TN M4VSI2`E\L\LA8-I.!%W>*818$F[NY>!;K79A:IP]L(`Z:%:IK2965_=RP4;. M$`FB,%'>`AS:">WK.290&]6N.59K*;J1(XVVRYL,X15X0O0(#\.IERCU`GW) M(''3!B5L_&%V.5O-IDLRGE\0A\_TM@=1D[2`!%)74D:9 MP30O,N@5M#4W\G)N?8L09V64SMH46K47#SY?7V?CVSH/G6.;K,L!!1?P30*Y M(J3\Z@U:V/,J&D]=D%4G@V$8BMKI319Q=Z69@U=I'-$)>7SP0``R%T?:V!0$ ME:?&"_1A6NM&6*)%GEJ9XAG)5<](KIS7C+EZ_=50M[>&=H%&^H0\()$&3=5S MFL[R+8LOHT3V`KA0II%:&S(HH4'H%S$5-NWKN7RJ,6)G`/O%#NW?99V:?.\& MX\3]Q3%)U:U-?IS(\KBWWOM6'L7P'@P1P*+T,\*`-DJ:H$`0U3!P\`XW\?/& M32'PKH#`K(0`N_8]&:=I[*_W:?4*QI7GSG*<5LAXAXF,=\/FNXF7W%W%T8._ MI=L/CY\3=E;[1S_TPHT?WHXWJ?]0#*_5DZSM#?&9T]@0%K%:?@/<'&S>"!!' M3(3^3B;C^>3V?QG,IZL9K\X].2N`_9$/.^&8T$H M,#0HC!=/A1/80]&6+;!!B:J\86JDTB/K1_(=4\VJGN_)09LP49M1R?";X8ZPY'2X,L4Q-'2UXP!Z$H1TL=H0%$?=JPU#HZWG M`OJ/>H;?S'ZU`6\0YN#(H-JX.0R.GDB)80K>#J,CO!(#:+S+F,E9L@TW^8!? M8L"=M)F4>(HEQL!T1)RXZ(.0+I88L_"!)J?5D5DYH3``*QV$!FQ&+D6+[3\V M$#MO'9)$YKC'!+/Y+]/EZ@D])E!A"AI"]+@$!@N!(7!@<`';/65@F6=,:`,R MZT&KEEE?(M;;ID9DM+N8\@03`NV>I`,,M9ZK[^>I(>`;V$^)ZD9@3@C*GZ0O MKJ;7XZ>4(B'8ZS"AU^U)NL)@EVF[P3DQW'PYSI-TM>$V\^)/Y4EZ3W1!G//& M),RP69@M-C^N+_\Y5BSC5H@V,ZE0%"[XK.[@T4?E MUO`9-+(>(GYYY(HLK$KE&C%5((="#JE_G&@J,J]G`Z\U.A8XU34W&"#O/P[^ MNJYN(I^3YV'?&RJLO$$C]M("'L=]*>FS`8SI9D\9%<74^7T_EJO)HMYLX-EG$1S<<;"X3A(A2&#T%4L\+' M)Q('X5N?V'*#&1WM;0QAZ]LC#A2J=LET0TY6"9'TV[O+?-TPX-^@-7-Z4%T(`$7>PX.TB[,<:+&7TLR'2?$%JN_3:_)>+F<.K+7+JSG89R" MSE6I=($,ZQ-GZ`,7K;..,,N'%)+T[][DJP4`M@ON+2$X:+"_BJ,-I=OD8_:; M7M,@*_JW5UZ,!#VRQ3Z<1H[\P'&J^CKC$/N*.FQD0#@R&)HD?A5[PD4K7VM`YBS:G2J'Z% ML$O.4$/<LE5&ZN)^C MK9(@E%!HLD6UA@6.0@04D9AFW M&;%B,O,.H2/CE>32_(U?AZ]9]D=3V>+]F.$(NY(]M!M(&3@+IM,GY(MU,O#OWP-LF& MCOO=/F_N!;WQ-[ZS4&1#QTQE(`BO%'PM0AO26Z6+`$EPG`@R]5&@"JCT;X$1;3@%PA7P@ M*=`C"B[?L6%+(44J,?)=':JEI"-GVEK&JFZYA26L#KGTXIH^T'`O77+1O,T5 M+M5M)+*=>L,BU,$JA#2E\*CZRQ7D-SI"@&]A5_$8+L1$2+72F5961IP8A_=J M,4_S-/L5D$EU/3OLC(>?_):,P^WG[#>)64P$;`P-TFG&)+4.#K8A[4**7AI7 M`/`K+8P^?%[.YM/EDDP6\\ETOKH>.SJY`<("3Q\#"'&,4ND*:&:$O!Z9%SUZ M0?I8;B`FHYI0J,FMAA`.F82>,9-%TP&`,Z;`*+82F=Q[C^YLAVR`#1G5 MX+B2D$]A0$I(%S!I*7SK/&)`LA[FCV)LSZ2#X!DI1%\"3J%I`AFI@Z:3P]9& MBQMV_L/'(/JB&Y]"5!HI1*V"0E1(JW`(JO&D)Z;2P"@;D5Y,Y\OI!5FNQJOI MIRE;W[GX2&JG"[DV2@4A@B.D`8Z:1%2I\A0T0M\@U#OL-'85)7Z^%QF8@EI5 M.145JMB4U+82G9HJCT84E1NJ4?7#^'(\GTS)\F_3ZP#Z$9IS:J7_LK M*:Z2<9K&_GJ?LB$3P\F5Y\[N>XK>%5!)@P2>.$T%$4UZ0XV5[?8D;MK`Y[C1 M7FV[A.1/;BT^Z088[2BE'62&'87LUPG]?9]1>OK`!D:Z]U^T\LVX*I?'(8JN M/8@35BI?`,I(M4?+SQ^6TW__G(TWR/27[/^.D$7;U3QG@.C@B"/3$_!G*$!A MSS:I'77`$XO$QYNDN.O@FR"8^-*'9@2$.16H=>-4C;@F3&./1S6ML<,HLW&G M3)F+SNZ-,75]K>41="PI4=-SR(4QXVF35FQ``R//B:B:.*6H#=*UM'&QD^--0YJ&GI(T?48!3Z1'=K M&L/X%FLL*IVTXE"N*V,0 MN^DN?T[Z&<(>`3``W&%:(.8(D=0G;^[O`_:&1+B]BI+4NZ7J-Q2T\AQWI/)( M[-&T!_5)A]P7A$8R[='BYL;?T/PPR)V?;&B0F:+1WI'W'/1=+J`1#"4\D21Z M(BH-!"S\)QXJ1QUP53SQ*&X6!XT6M]UZ@P(378#G'=WQ->CSCK]3__8NI=OQ M`XVS)LWW;!"SN%FRQ06+?9JU,]SZX>T'+_$W63=CC4#?UA@* M6;M]$\04T;HA>IZW-#VJ](A7*)(PUV0G#6^BW2X*BZ4I"8F.1MP(#1WQR<4- M%+PW0TH[HWR\>8+\P[5729E?I9 M&3&^C6F^EOC?]]XV]F9AEF'"_*!O+Q!.EN,8*W_VKL8Z11V<;P*).=MHLV?& M<@/"V-.Y+?+(T]'TJ%(BJXB4:N2@1PI%CQW#S MA'F$E;T16F&+0_F6?^8L[M?-]OR_NWUX2V-XOH;: M4*5IO0W\J`)MM\6D#&B"81S16CP)'IFT(("4"B['###FU*'"$+K*^*"SI0D+ M+C+`:CH%.4=&?S-Y?L,_%``.,,!>/KPHHW2TJMB#S-Y M^E$(\]E&*(Q%2T5+T'.)V!>(>"+5T<2+XT<_O"4/7K"GQ$O8HY#TCI*U%^2G M]"9WE*9DZZ64W8G6@7_K%8=P^>%F'\=TFQ^M&I35I'>H)FGESIULHX*,B(YZ MB`FX)U`24JUO2*)N&PYPU1:3+/8?+K/]#-W8SA`71I`@W@%(G4_KT)A'.J$# MX*4UBM[5491=)U?/$$6R\S604-3N'`W31$_CP[@7F.T%&IJ4?Z)AA1F"-EF, MLZ?>S$E2US^-MF[R0]3C6I+(8:+C24U33Y9>L666Q=N7EDV7G2"6[YR4U91> ML8]I5D?2C_P:K(#`#'HK%*_/E>IN2>3:)E!K@JT]':LBM'62T5Q33?4?X#/'O#RZFJB M+F^#/'Q[K,;Z$W?&Y*EIEEW]8;&/^8.&MPY@Y&<1#`#X_/!G6E"T0J"M8J+FP6XIT7#4 M!7Y<&7&\]PS195@_M$.7M=KAY\@/;R?L)XL!C[U5TGS=();&8HFJ+>@U@\09 MB"5"W5%^E6R*R\0KK[N3_I5=+:('`!L":HBTA,3H'TP6GB9+W;0&$LOU/R]F M\Y^+$Q>OYRX^&T;!$B2-=T*3O6>[=6^R+9BAXNHPB[5?+K0UN.6PS)4Q.VJ[ M+Y^0PTE&*';&-02%AA&"77$'AI'%&5VYO_9HRH/M2=Y.V;;+:W;/SAI">;N'68HD!=(Z$859\?$.QO'L'P+&]$:/:MW!_U9;:IGD'9>_5EFWM M*?<`]F4UM05AKA,[MK9%D3E[E;NY&EIIP=\A<#Q8+JJY1\,T,!^]2%1WSTH= M<3U49KJ4G##1WH!I?KI$.H6B?8M[RE*7H),J6IB#L/K2E<,L.@#+G-PR>YN"MP.;",>WIV?"-#+#]VGJD@[WLN/@2TCBY\^]SKS1)9^'B MGL;%CBSR?`A2XS.@1@V+\Z#6H64YG3<0E]5&1H?;I+J?_4&.$LYP%08,$3M- M("5@HU)=R#\7P&CK'3B]T^ZH9#GEBF:_0)@?'!7=D"]>DE*VC/,ATV+O*44O M!J"0A($,4HBO5\$G+XK7B2^Y[$:B\&:W;^A;",RGUUU:X-+ M6_@%+";%QJ^UQ:5E5%K<7$>/7I`^+L*E%U!%.:-1X`L9J0(6(34M0BM>Y'Y` MQ).I5XF!+&Y(>8LL0I+?=(9*NEX7D0B&%`%Y)(I"V@R%+EO5B,I=%YCQ%4A< M8BU_/S\DMW&4)"1YKJB#%!T(N,,L-&0N[)48*H^=P%>6%17D:N5%>N>EQ$_( M=D^+7:AR!+I30V!"$%`W8$"PSUJA>D81Q1^I8=4@5@75#TU5BXP3M])F3<%Y M;,N\AB%9G7$48WME.!W\)9`!UM\J=7&%E8D:/\]T(JQ5DT`Q8<6ED>5#CDJL>/#*C522XI9 M1>?@\ZT.R!2%BLY`%T0.&.K*FS9$DL$8G7C(G\@0?PC@8H=4K]1 MQ.19W&`DP2PT6WBW5WFV;(PMIKQK[A[,MGN/J_138T_6K?=5^A$\(I0\([]U`NNO#AECT1UZXU;&N*K7V-# M6+&IY3=`JWO-_8,BD:G9D>@%@\/!N*4.J93<6XC<%HBB,-(-U(((8FA0&#Z> M"D$L+DYNTQ(;9&'5[3>Z=`>(4X2QMW1Y1>/=XN:RT19Y3E7+\ZE3)H\5`-3M M04N$4C<@"DNT1^PZFZ*Y;)+5&2IJNEO$.!!"!+02ZPG9,PRH+"8/A<,.`"L? MD/G1EJQI^H72,/OWU@]#]OH*.X.SC M.']0E20T34A`DX1LRFN![ZW]P$]]EQ;(MD.A.M_!(DLLO4$5$,+GN@YKZA&%`CV49QNXJJ_)WSW_C&2];Y#[U/SF\] M[_XUJ[%>TR!-JBMYU77^YNWY^[=YW55>_G42[79^OE`A&8?;212F6:E'PXW/ MO6MDH%'^E""-3OPU:%.W&@KF2$Y-B/ZH=C.?5CZY/2PQ33H_:M$[#?(!-(]\ M\ULB(29RG;'GL@I]V#] MGSZRV33-5`M,J5$?Z910&`EK&4YMI/6E)Z'&1)Y0%O,\F5Q=3S].KZ^G%V2Y M6DS^S;G9$2`F.$(:8:E)1K4R3T5##`Y-0_CDAK$^B)SVIC2,VVN3LFTG,N#6 M1G71/Y%"N'ANX?3\A3FL@/PVG[4`VX&RWJVY"E841&'>TE\B5KU>^[=WJ>KA MMD):,&DIE$8;_BG:@C<-*78"&\>)=$?%#9+?.2/%/5+<=(-^NFX6#LOTN!"- MO@1:XF$6!$C]T>8JLT7CF&[S1BWOO`RRXWUZ%\7^'W0K80],J4$BG1(*EV`M MPZ&4UI>>61H3H\/]BF.%"#G*N,$S("`XNAD!JQ,N4 MK1W[Q0OV;#N9O*T@+NJ4E9R4*UO@IJZE-CBJ\&G*5:DIGK.9*(EB4@B37)IM M.5APV47^:D&DX3$0A&H^RXSH>&T9Q.!2V,K4I9EWQ`%8-3DOGDMQ`\1]CK6T MLYQ]C+;0IN$E9:FU)TTR7ZV'(CD\B\%(4@3=A^PG*S;,2]P)LUC#$=#CH"X# M$C1DJ6LN*P`#N.Q:F.>/=@YIOD2<=RP]<\@Y,@2V4YIK$8A;G%O"HZQ6Z`&7 M2M=8Q:@0I_=9.?K`I%S$IZW2TQ"OV,6GQ:.4\^U@5]%XDV](^G>V>^SDL'GL M18].-L6'ESXIWE@[2;I=2RP1J+8!?M9E7DDA MQ4;=9[4]O;]QB`>+@RQ"/=?:W+O%PZ[;-<86E?ACL=D6^9MH=^^%CV3CA0=^ MJ??"=V?;GN%Y!3E%>S!>#?G2^RS,@$57WM?I5V_GAWG;KFCH!6SCI_%F$^^E MCSA-5!L/56"J*,-9DU;B/%`!>M2/8$&&1H44R<1(3>Z,'"1)*>K&8-8(-=Q0 MM@7FFL-8B`E^$.L88JU,OX`=XT"WV$LXS(\H9#O0)`]3#MWN*1H](`/[WNY(-'7+093J:WQ=NPK_7LUPG]?9_E[.D#^]_-#=VD MBYO)7086.@NS',2F^?>RN&ZJWGR;`*R.LZC%L+5([Q+`O0)6LD"-C8Z2)!<] M(X4PFW`HQ(D?YB..0L,-!AL#BE_;T@Z236Y#S0C6M;@):CL+M4RV[\P2;8-C0(7!DO]X=J_8(MZ[CN?Q?3]]9FE>'^$;H__F7V5W:QNI3];^TE-+ORWU!+`P04````"`#%;7%%$YG4+1H7``!@=P$` M&P`<`&-I:S$U,C@S,#@M,C`Q-#`Y,S!?<')E+GAM;%54"0`#`L``00E#@``!#D!``#M75ESVSBV?K]5]S_X>EZO8SOI]"2IR4PIDIQ2M2VI M)273/2]=%`7+G%"$&B`=>W[]@*06DB!6@B)!Y\6+=`[.@@\'VP'PMW\\;?RS M1X"P!X./Y]>OKL[/0.#"E1>L/YY'^,+!KN>=G^'0"5:.#P/P\?P9X/-__/U_ M_^=O_W=QT4?`"<'J;/E\-@=NA,#3V8WG$V9\=GO;__^S*?P.4/K]:#::G_4= MM(3!Q47,3LB^?8A_+!T,SH@>`4[^_7C^$(;;#Y>7W[]_?_6T1/XKB-:7KZ^N MWESNJ<]WY/&WJ_#`D"5^>YE^F27U.$5[06RC>RS:YQ#_=DL4.5(6E?[^)B&] M?O_^_67R[8$4K\H(29G7E[_=W<[=![!QCL2>F/@BHS?V/N#DPUOH.F%2H4)/ MGC$IXO\N]F07\4<7UZ\OWER_(D:_;]=O7[]Y87A]=?W3U?LW5[$V?Z$*NC2MG^^LC*B7E&-<.Q=#]]Z(?KN2 MS&NXQ&;TB\LQH]W`PZX/,8E9%_W)W=UH<3<<+WKC07\R7HS&GX?C_F@XUU=: MLO@3VC(`H>/Y%>I!34H=*(>F0`YKB1&&0D0-J!B-28T-%[W?S,*@K%CC?O7" M:R..3FWDG)JT,Z0+WQ:PW MGO?ZB]%D;+3Y"&48]SC:&FI,:4'F6Y-KIC&Y]8QAS#3UM*!:>O[)F/3'T]GP M9CB;#0?SQ:3_B^ENGR?B5#;5:4P-5LR_?)H/?_U"1DO#K^2'$>VI,NO6VB2. M6$7+VI"=J;Y/%0_`.EZ)N'66P!?K6%:6CU"NJ'C.^SZ>\U[_G.B?EY!5=8L` M!D&8S+GCE8&<>/`4@F`%#OUP+*+")#D1NQ?L0SX@VB4&])0Z1XX;[0OW8_FRI2MSDZ]A\9>Y+=;NSBT(8N*_6 M\/%R!;S+V`GQ'XDW+JZN=VL:?R$?_=$CFJQB;6Y\9UVPF/G]SJ:2[_-:9V'2 M0WD+''3H^+-R0"1*GKC M^0#UB09KB)Y+X,"ARH"AE,I6*(A--@.$4CD[&+P_,0QF8.W%V@7AV-F4A04> M&06$(IG=2.`:;1(*14$[+/Q\8BSTB=+(\4=DC/_T"V`'!08=A0:*SFXX\,TV MB0=*T@X0?STU(.!F`X-Y"-UO\P?B7#R)PF3_W`O*IA3R3#14N$R6XT;>(49! MQ!6[0]3UUCE*P=-GYJ"!KI^%@. M'"6T3'CD:+L!$+;Y=4`D)VT'DK^R5&FJWP5,"^ MDSBL$5^6+A*??OTX3CZJ9?GXUG-!@`%QU3Q:^KM_U@B`V"FX]^050Y(6+[UT M+,.KT=N0V-5J%M8U4'LEBS6(F['RM*/S9PX]QX@ MM-L:XC@O\9R?W3\RC:D6"1;19P-N"WK]&S@HYHR`$*$B"VSB:54Q>@@WV2 ML"KA$&`KQ]$Q@+&]42O*$#`0&.,R6`_R.1\81IE3*G' M?74+4+8W&"+26-3P5LXJA;PB:RRY?T8>`O]T<`CZ,-A=[#'9`I0X M!^]:D;/F#.[TRZ*!J5.6_:"M[$'3@-91*,)$$;A-EU-CQ'L0>>'SQ_.KXZ;` MVQ.WA&P&Q+V#ETGI$;Y8.\XV38,`?HCWGQ3S(78?_T$L3[;O(\>?$!^N$]L+ M[4&*=E=;`EI+\:SB`2-X%0C47?9L!>0&8!F.`ARB)$]DA'$4W]D3'V6X9@!/ M@J,`/RZ'Y2"4]X91*'+%'I)!7]D9!O/&I6EJGCMUGDO&IDH\7%Q2/)U")M\C M-6*3$IQ)5;8>FW=.&,5CCY(S>/(,7%3F&3H%28XO:L1C7NHQ5/[5SEAYXP5> M"&Z]1Z)TT1N?$<3%A25EO@(Z)?@L!ZFJ9XQB54*X;MY3V^`Z(CX+UM[2!SV, M0?@%@_O(O_7N68%4A94-6@YK=W`KZY^ZH,N1?SQGT"GTXC%@C4SEF*01FS)U M%JLE/CD12E/)^P&!,D`?`5K"YB$ZVFP=#VV2#8FB@:GM?FP[`ZN*W`702G-; MCEX]+QF%L;0*>SR?.K?##)K',`3XF$C`&]#R2`LX+2>U')02]AM%8+F\?=+: MR5>>*F>"+OB)10K,JAF@"UM2CO)6JAR,*CDMIPO&1`FE@K:6,$L(7^43(2NANS;GM]%&&IEI<;_7O"(>I=R$9B<#`]7Q`9G&C@"@+ M;LF`9`'[#GZ8(OCH$8,_/7_!\;1OEU80K'MNZ#UZH0>PH&'6*:K0?NL1U5A8 MS)@S)J80O9,X?\(*JU4LN_)J$MMXO*ZU*<#&:I#1(=1A;7865;^5#:4&&EK- M"EP$'`P&(/V=L75W!E$0!]0+**YI*13P8MJFME<;:F4J^N[G'Y;FSA"G23HJ MSF;S@HA\=DRS9*VM&2FTN`I7L=`7T]J,>K^A%EC5!NT3BI`T[J;;Y-&Y-Q#U M-A"%WG]XJ;U">N:HDZ)O4R.I=QA7.G3D^T_<%FI1N7S\1ZEJ>4>4K)H9&X5_!B"]#/UW9_@,32-D#/KO:FE5\WH\PGG))3?(TW"8T9 M,G=^S?<,`^'R2O`GRY3PP]#$TG-VI2:B*,ZY=9:>GS1C%=`R6&5P2[%V$;I\ M_]2/7DK^?E'TU<^=0?!@9\,,/((@DH^Y##XA=BF^S@&7[YF:44L);^B.IKK@ M>LPF:BNAD_;.(E#&I_E M;$*(%MDZAU*N7VH&:E'VH>>_Z@YC7Y#<[B.W(`O<5WU35[%0;;>V=%.W`L#$6[9ZOF6$ M&G5-)39DI374/H7.[S)_CFP+8J_9"%GK5GL/2 M$:0K^*46'//EZR:_M>0PIWS6A%ZWJ9[@JE-06Y&NGY!ZXB14=?T9*:;FTTKM MO(4B9SR[R=`T=&O(TG0$Z#S+:T%H0:#5& MGZ6Y^RN)+KU@%?\:_AEYCXX?1YWT!K#B')?A#)TBBK==*A71>*.5JGYHQ$., MULO3('?_I9+D_4TO&ED-;9@CE!O;(W$.H6<2TKXZ/G.738E7"KT4;T=@R_=) M+7BE1.J^&K!-@#\,&E\1KAVJ?[!N=GW18*6\4&G8AV=:&&F/==,+'%SETPDEW_T(Q1C2W3I`(^V[!`+3=O<<9U= MCB\9@$S"!X`R"3XQ"E,]67:K\!;](,?;>.C@URVLY@S6"84RF;FE73E9UF>[ M]GP2(>,'#DJ.3QQM%H!4IXPB6-7*L`BT%9RC#5XUF4<0OU.XJKU=J5LYG\AT M(C*=AU4XXQBGC:-\F=IY4C\6'=N_CB,--(.KC4(`JJW;V+FME3I!:OPK-?!M MPX@W481K"M>$UC0'<!W0RDL?+YTZWFH4 M[`X&L'HB/C5U%1"#NO$VPJ@CJ&HIHW7DB\_GOS&*M;I=].%F`X-Y"-UOW$D! M@XQZ(+9(9@%>!+8I`X4NS^K.>09"QPO`:NB@@,Q"<,]UHTV49$@/P+WG>JQH M*L]80)$,HP6X4K9?&6DR$JP^[Y4TH@?H$Q-PZ@9F[B.+D,IXI`DMP)+0/F7L ME)5H]>V(F8LYY+;9Q`P%[/`8FMQP*UQ+(MQDX]/3&VLL^L;;C40-0G7+&4V) M+:RPE<828O4HH'"/"!]C?&+JG>)R8LO0)65S)6BQ)%A^[=L@`O%YHL.1.V$$ M$S,4$<9AL`UELK970QI'BM7C2>E>4KI[[$"_6&^'R.D)[1QGIE=J/'^.'.0$ M(8@/MF\V7GHPLK>)TPY8\V%IQN)\6(+1,LPI^Z(2!F6D6;V*EW%#_&X8-;63 MGPE)L;-CH("]T67.?84'J_0JBC4(7':VN01'R>(GDZ--[5.NCJ&.+\3-E"N\ MN(S*%!IA(@QNT_7XN,EZ$)%R/IY?U=&2+:LN;J,U6$-%.5T9&I8Z0#-T:H9, MRQ&HZ!6#F!1+WB_#V)U]8JAVM))3*M9+6W)7))[Z+C[>FME@.;Y!48@,NNST M<]^2[(UC42XI!59V#0..7/&%QW4EQ4H,+^0GK^W*';_Q`B\$M]XCH)XFSCA# MXG4I_8(*?:%.0?9@WIB[=-%?18'#`PW6'I4HFLI?]A-04_?9,JCM0Z>U$5XR1E<%%T/&?G!IYV)SYH3W[G8(QY]"G"0BRE\' M)F1E7PO&86TN-!?S)>C,:?A^/^:#AO["H$SL+N47%!<-,J0WZ]OJR, M-NY='/5<$,A\(DI\J^(PJA`=CV4*:3Q@Z<%$;N=#[#9&_%)22G)'I%09B56, MZZL7$>L&<:*TW]SM+S]"GN)F#`S6"X`VTPBY#PX&1[VY&1:R;,7-&"&;_8%, MT36F0Y=8_(L(5MG+J#"$C<6CSR``R/%)'?96&R_PX@H+O4>P>]Y*$(D4N0NM M39J[GBV=85R#R1/*`$P!ZJT1`/Q='!$'O7'#YF@\D*C6'=1Q!2-Z2,HN;-FP M9>YOAK9RS9#UD'UIB^,3EUTK44)L(_:4'%`==B)Q5B<)#DB?!%POK?%`9HM/ M@H,ZS,'AL!F`\JXPAT*N3*N3K0XWC^ZL9\4])EUQHX2FLQEL(K/-0:Q$T@Y8 M[ZS<+YDB>`\P3B819+S`PA6+C'YYK4!F,ZH$1IL#%2W(ZJ./R;7)R0"4OF"2 MC2\A"XTU#HOEN)-UAE$,%\,KH(QKL#E< M%<7HOJ+1"B3-H^W63[=%IQ"'SAKP026D+^81L.EMAIJL&\RACB-1^RQE&P"8 M/M=WV-`7K#L*J.G7YLNIF[N#;G=-SQ2@^0,!Z"<'>RZITH'G1^%Q3;EX*9T< M5_&6.A%7XPU05)M0UP6,9L>0ESO0)))S.#MB,E&QW;[76^S7KP-I>9;GC';U M[5@%:&D\$"L!(,8KL.ISSS:L9^SN>F$!I/@U=9'>_FN;8,$P2A\1QP*M7H?X M)_#6#_$1C4<2(-=@'&V6`$WNDYYJ$H5D6!BL2.\E-ZJH5E@!9[J%V81*(P[3 MQ["N>/WT]_:F3OA.WX\/"D>9I%.Y-(JHYA$H59&:XY?R2>L*G`* MCF6U,S55#P6<(UO:^:A*FO".:2W<(I<(,'*\@67M?'@(E/)L))# MN".94L'YR"$C\*6EA'KA]8]`T@;+Q6,3,8O8]C:-1G0#AO:@0S50\,86!J;S MK8D!2[AM+`9,T-H)=@EF?1A@Z'NK??)9MAHSYRX/MNL28K(UV1D>SX(4GJQ+6E0HFS,EE$1HWHX.1W4&KQB)[YD%O09SF M4%*;"R64/Y[VMNQI;UY]U_NP=XGDZL]ZVYD.+V?K%)`)\(J,B!%P,!B`]'$JO?"B*;DK<26SC3,;WO86P\&T-UO\OICUQO->?S&: MC!O?T\D\O/-,ZBC`I`:))\012(Z-"D= M/`*TA,T/R*<(N@"L\`VID*Q+!F#)PIX,"WWDB\-B)?X4O&``@7QIYJ:$K1D* MHVV#6X0_^B6!:O(C98T2)-W3UE&Q>BC1]Y&!R*(DO"MCX^PVI-M8@OB\S1XW2=1*$A.O<`@5E+EDD]Y5NIF0!G6Y@.) M5$7#2BYAA0^>Z/PUG3(B.Q@TW"5N+GG!GIO23WSO*`R2*Z])5S9!B;JKKXX? M@?T91V8HD>8LN6-4R-EX(-&]RES=+X9N,9<2;/7YIHR%B3EXA#$[B5=`S09E MGKH+0.38;QY\>6%6;[M25O6B\`$B[S_RH*,Y1,#+TQ0.]&68J"$^GZD-D>/'X+X03J3JN9YA/4^T\H!>YIUS M`T>@FD7O5QC?0#J+#[BS+KH04+-1FJ>V&YDTUO?VTO8;!J=RG_]S%P`IV>W+,7&!V8G.7\D/A@&J-03XR?K;(<0+,3]6 M8)I\G;M,,?E\#65^*<>T,W-#/=SH>J=RY%$0_"*NJ,D$H?F73_/AKU^&X\7P M*_G17/")EAC\&1&+AX\2MT^(R*E[ZUGD#5[5GU=)&%I$]`*36Q4Z1+4'U>UF M!0F&J/QE_$P174GJ8K?XQO=]7GC#7\1'].2,S9'R#=V1VMS2RZPUU\AWI=?2 MW?N-OP*3,Y7$$C`*P8:U1",BYR,M0]XVM.41Q$8:RV(YM"52.$C+E%[+YE_+ MT+8@\GI/GB38BM2"J':@MA5J#'O-(.U8^$L(:\/[>S+,F=SW'YQ@#4;!PGF* M%^,C2>0)V?E0Y+"W#9MT>&/C4]8K.QWJW64@O MCIM[^K;8?`?B!P_D[,W3\FW=T[:M%9;4&;L9EAHLV4D>]A]$_]8.AB03_X+4$L#!!0````(`,5M M<45SKYDWT0<``-M"```7`!P`8VEK,34R.#,P."TR,#$T,#DS,"YXSN MP2X`:R=O?ED&OO89,TY">MWJGG1:&J9NZ!&ZN&[%7$?<):2E<8&HA_R0XNO6 M$^:M7][^\)\W/^IZGV$DL*?-GC0;NS'#2^V6^`#FVFC4_UF;A(^8I?/#Z=#6 M^HC-0JKK$K[DWA5W'W"`-#""\JLE`#]=MQZ$B*[:[5E M.YEM9:+<*Q,\[72Z[0]W(SM1NQ8FNX5U0J63+LY0!6.6,^9GP%Y;3L\0?Q:7 MLYYX!FP*G[?3R4R4X7FEXHLVS&:"-*0T#LIE/<':XBG";1#200HSXC[C=H-R M`+R0-%9:==EFH0^H5&S39:((43ZB2U\A_&&T0:]+/G7/3U_W.J^W$"X*9HQX M"QRQ\'_8%9Q0]\0-`]#0/>M<]CH9WL-DFPF.W9-%^+D-$XFPWNGJO6XF#OM\ M@5#T#)DC/DLL6TUL09`0C,QB@6]#%@SP',4^T![3OV/DDSF1X<$^#C`56P(; MTP*Q!19C%&`>(1?OZ2*DCJ8ER8,H#042D+G)6#8:183.P]40#,J=>I5MURF> M:TDF7>4QQYY%WR:?\PF]0J]$ M5,A=EG,"HFI2+FJ3T#?M7[79D MO6](J4O*+"S6+SFF(J2;'NJ$NW[(X8D-7VX,>YA0,)F:-M"1I$9#0DT26"2Z M!1:2034-O3P-4W,$^3#0)L;4^5-SIL;8-OI-E=J'"Q\5F(`A-0]G>1Y&P[ZL M3YKQ;FJFY:F)?\WX(U:(/PRIXW^>C[_1[UOW\E"8FGUS^(=Q,S(;`NJ>"&[Q M0'!W$'!1.`_N[>'8M&UY5$,J.,U=:3\22,F!0':>!Z_R-`S'?>O.U!SC@]G$ M7AG[==AT^_[&-G^_AUUK_@'_I#PHYM6<7.8Y6<.U!-_P4I.7U>4FN=ML7FT& M6"#B\P)/N^15O)UU>L5+;O7M2OMII;1YH->_9WDE%RUO!RMG15:*=ZV&C0-N M744VY)B:C?,B&R4WKX:.O4L=G-IW0T=N9F,\@"N4,QR_,\?]H6D7JIQ"5'TP MG>:I6VO20)6VI:MA[HN9JSJF=B/427A:3$(5DTTV'L2I-89(3J;FK3F=F@/; ML?J_E3)9)J?.P]=E[%GCA+EG15JBJ6'LRQA3I:!"7)U_K\OSKYS!)OOVYC)] MPR9/V"K^2D34G+TJ]P26SAI0U&:4 MMR/6-"`#R)7/ZZ]9T=I8<]%$6JYXH7=.]=-7!ZY;WB99QX9-Y#@%2G,N9>B[ M%U]LSF&FO)0=)3V==0SQ&=M"O8@AFXVB^Z5$ACLH)2I;4.O;X!^>BU4-J16+ MEV+D!WT-KF^!LK]594$IL(U]P;,1E3VKMMC$H.N6X7F8>G'@A"/B8LJQL6`X M$?@]1AY#0RHPHXD1R+_#P0P7?JKZ>)".M,DP[:V^\L(`$3H4.)"5'[R/9UP0 M$4O(.Q;&T74K:7.^(B#2TBCQ?323C8*"Q2".0)HA5V3?4]D(DC3TG&0=+V;) M^K4B8<>SO"-_/<1T@=G.`.R&'IW?67.B0;VT-7&C,]%8+5#PN!XH]36U"L8( M77Q;5\VE`&I`YA;C"7J2^@N>E M$64NII56U/40L^=-J'9S2_!?]=7#LW)7]V1SBEU,/N\D=%/L./S<3>F[$/*F M'X(:5IV/Y4+'EG^;5CIX*6[\T/VD]&5#:JMPBFS\I1G;TZ.LV%,/*K^?J_S< M6))"P_+'.I`#B//$E4>"=*[K4>*&7\@46(NYF)( M+5"1P(I[>H?TRCMP35(&BWSCNCQ)K;#FT_`)^>+)HC;R<=&M2KGOP*$LW4(& M-YM:KN41Q^;D%/\=$[C]#NEGV&%RP@DG,7,?$,[!0X*1!<$5C,XQW"S==TXD#\>0'(&$2*LE+B:J.\F M"E8DC7!"PTWJTGO$!8:WS>K_>EA7H75M*AZ]!ZCX5RO[5A327V?2/U_"UW\` M4$L!`AX#%`````@`Q6UQ184RM68$&P``<:4``!<`&````````0```*2!```` M`&-I:S$U,C@S,#@M,C`Q-#`Y,S`N>&UL550%``-R0FI4=7@+``$$)0X```0Y M`0``4$L!`AX#%`````@`Q6UQ1?PR(XA!"```'6D``!L`&````````0```*2! M51L``&-I:S$U,C@S,#@M,C`Q-#`Y,S!?8V%L+GAM;%54!0`#`Q0````(`,5M<46B()=Y'0<``!=0```;`!@````` M``$```"D@>LC``!C:6LQ-3(X,S`X+3(P,30P.3,P7V1E9BYX;6Q55`4``W)" M:E1U>`L``00E#@``!#D!``!02P$"'@,4````"`#%;7%%IP5T)"XT``#(+`,` M&P`8```````!````I(%=*P``8VEK,34R.#,P."TR,#$T,#DS,%]L86(N>&UL M550%``-R0FI4=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`Q6UQ11.9U"T: M%P``8'`Q0````(`,5M M<45SKYDWT0<``-M"```7`!@```````$```"D@4]W``!C:6LQ-3(X,S`X+3(P M,30P.3,P+GAS9%54!0`# EXCEL 14 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R M.3,V-F)C,C@B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E M;%=O#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/E)%3$%4141?4$%25%E?5%)!3E-! M0U1)3TY3/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O M#I%>&-E;%=O#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/D)54TE.15-37T-/3D-%3E12051) M3TY3/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E M;%=O#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I7;W)K#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/D-/34U/3E]!3D1?4%)%1D524D5$7U-43T-+7T1E=#PO>#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/E-50E-%455%3E1?159%3E1?1&5T M86EL#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T'1087)T7S$T8SEA,S`Q7S8X,69?-&9D-U]A M,#AA7S)B-C(Y,S8V8F,R.`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]# M.B\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R.3,V-F)C,C@O5V]R:W-H M965T'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA2!296=I2!#96YT3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)S`P M,#$U,C@S,#@\2!& M:6QE3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M)U-M86QL97(@4F5P;W)T:6YG($-O;7!A;GD\3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R M.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,31C.6$S M,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^)SQS<&%N/CPO'0^)SQS<&%N/CPOF%T M:6]N/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M/B@Q,RPV.#'0^)SQS<&%N M/CPO6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA2!F965S('!A>6%B;&4\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^)R9N8G-P.R9N8G-P.SQS<&%N/CPOF5D+"!R97-P96-T:79E;'D@;V8@)"XP,#`Q('!A3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F M9#=?83`X85\R8C8R.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO,31C.6$S,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O M'0O:'1M M;#L@8VAA'0^)SQS<&%N/CPO'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA'0^)SQS<&%N/CPO'0^)R9N8G-P.R9N8G-P.SQS<&%N/CPO M3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R M.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,31C.6$S M,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^)SQS<&%N/CPOF%T:6]N/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$;G5M<#XR+#6%B;&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA2`H=7-E9"!F;W(I(&]P97)A=&EN9R!A8W1I=FET:65S/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M/B@T+#'0^)R9N8G-P.R9N8G-P.SQS<&%N/CPO'0^)SQS<&%N M/CPO2!F:6YA;F-I;F<@86-T:79I=&EE3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R M.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,31C.6$S M,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0M:6YD96YT.B`M,2XR<'0[(&UA6QE/3-$)R!T97AT M+6%L:6=N.B!J=7-T:69Y.R!L:6YE+6AE:6=H=#H@,3)P=#L@;6%R9VEN.B`W M+C5P="`P8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG M/CQF;VYT(&QA;F<],T1%3BU54R!S='EL93TS1"<@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/E1H92!U;F%U9&ET M960@:6YT97)I;2!F:6YA;F-I86P@6QE/3-$)R!F;VYT M+7-I>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^ M1T%!4#PO9F]N=#X\+W-T'!E8W1E9"!F;W(@ M=&AE(&9U;&P@9FES8V%L('EE87(@96YD:6YG($IU;F4@,S`L(#(P,34N/"]F M;VYT/CPO<#X@/'`@'0M86QI9VXZ(&IU6QE/3-$)R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM M97,@3F5W(%)O;6%N.R<^0V5R=&%I;B!I;F9O65A6QE/3-$)R!T97AT M+6%L:6=N.B!J=7-T:69Y.R!L:6YE+6AE:6=H=#H@,3)P=#L@;6%R9VEN.B`W M+C5P="`P8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG M/CQF;VYT(&QA;F<],T1%3BU54R!S='EL93TS1"<@9F]N="US:7IE.B`Q,'!T M.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/E!R97!A'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N M/CPO'0^)SQD:78@:60],T1%9&=A6QE/3-$)R!T97AT+6%L:6=N.B!J=7-T:69Y.R!L:6YE+6AE M:6=H=#H@,3)P=#L@;6%R9VEN.B`W+C5P="`P8VT@,'!T.R!F;VYT+69A;6EL M>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQS=')O;F<^/&9O;G0@;&%N9STS1$5. M+553('-T>6QE/3-$)R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@ M5&EM97,@3F5W(%)O;6%N.R<^3D]412`R("8C,34P.R!#3TU-251-14Y4($%. M1"!#3TY424Y'14Y#2453/"]F;VYT/CPO'0M86QI9VXZ(&IU6QE/3-$)R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^5&AE M($-O;7!A;GD@:7,@;V)L:6=A=&5D('1O('!U7-T M96T@870@82!F:7AE9"!P'1E;G-I;VX@ M86=R965M96YT7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA6QE/3-$)V9O;G0M M9F%M:6QY(#H@)U1I;65S($YE=R!2;VUA;B<[)SX@/&1I=CX@/'`@'0M86QI9VXZ(&IU6QE/3-$)R!T97AT+6%L:6=N M.B!J=7-T:69Y.R!L:6YE+6AE:6=H=#H@,3)P=#L@;6%R9VEN.B`W+C5P="`P M8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQF;VYT M(&QA;F<],T1%3BU54R!S='EL93TS1"<@9F]N="US:7IE.B`Q,'!T.R!F;VYT M+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/D1U7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^)SQS<&%N/CPO6QE/3-$)V9O;G0M9F%M:6QY M(#H@)U1I;65S($YE=R!2;VUA;B<[)SX@/&1I=CX@/'`@'0M86QI9VXZ(&IU3L@;&EN92UH96EG M:'0Z(#$R<'0[(&UA2!E;G1E7-T96TF(S$T.#LI(&EN('1H92!S=&%T97,@;V8@2F]H;W)E M(&%N9"!396QA;F=O65A2!P6QE/3-$)R!T97AT+6%L:6=N.B!J M=7-T:69Y.R!M87)G:6XZ(#!C;2`P8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I M;65S($YE=R!2;VUA;CLG/CQF;VYT(&QA;F<],T1%3BU#02!S='EL93TS1"<@ M9F]N="US:7IE.B`Q,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA M;CLG/E1H92!!<')I;"`W+"`R,#$T('1H92!A9&1E;F1U;2!A9W)E96UE;G0@ M=VET:"!1=6%D7-I82!F;W(@8V]N6%B;&4@;VX@;W(@8F5F;W)E($%P6UE;G0@:&%S(&)E96X@;6%D92XF(S$V M,#LF(S$V,#L\+V9O;G0^/"]P/B`\<"!S='EL93TS1"<@=&5X="UA;&EG;CH@ M:G5S=&EF>3L@;&EN92UH96EG:'0Z(#$R<'0[(&UA2!E;G1E2!H87,@96YT97)E9"!I;G1O(&%N(&5X=&5N7)O;&EC(%-Y6QE/3-$)R!M87)G:6XZ(#!C;2`P8VT@,'!T.R!F M;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/B8C,38P.SPO<#X@/'`@ M'0M86QI9VXZ(&IU6QE/3-$)R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^5&AE($%P'0M M86QI9VXZ(&IU2`Z(%1I;65S($YE=R!2;VUA;CLG/DEM<&%I3L@;6%R9VEN.B`P8VT@,&-M(#!P=#L@ M9F]N="UF86UI;'D@.B!4:6UE6QE/3-$)R!T97AT+6%L:6=N.B!J=7-T:69Y.R!M87)G:6XZ(#!C;2`P M8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQF;VYT M(&QA;F<],T1%3BU#02!C;VQO6QE/3-$)R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^5&AE M($-O;7!A;GD@:&%S(&1E=&5R;6EN960@=&AA="!I="!I2!T:&%N(&YO="!T:&%T('1H92!V86QU92!O9B!T:&4@;&EC96YS92!H87,@ M9&EM:6YI3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R8C8R.3,V-F)C,C@-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,31C.6$S,#%?-C@Q9E\T9F0W7V$P M.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@8VAA6QE/3-$)R!F;VYT+7-I M>F4Z(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^3D]4 M12`U("T@04-#3U5.5%,@4D5#14E604),13PO9F]N=#X\+W-T6QE/3-$)R!T97AT+6%L:6=N.B!J=7-T:69Y.R!M87)G:6XZ(#!C M;2`P8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/B8C M,38P.SPO<#X@/'`@'0M86QI9VXZ(&IU2!O M9B!E>'1E;G-I;VX@<&%Y;65N=',@9G)O;2!::'5N9V5R(&%N9"!W:6QL(')E M8V]G;FEZ960@'1E;G-I;VX@86=R965M96YTFEN9R!S=6-H(&%M M;W5N=',@;W9E3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=?83`X85\R M8C8R.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,31C M.6$S,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@8VAA'0^)SQS<&%N/CPO6QE/3-$)R!M87)G:6XZ(#!C M;2`P8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQS M=')O;F<^/&9O;G0@;&%N9STS1$5.+4-!(&-O;&]R/3-$8FQA8VL@6QE/3-$)R!M87)G:6XZ(#!C;2`P8VT@ M,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/B8C,38P.SPO M<#X@/'`@'0M86QI9VXZ(&IU2!C=7)R96YT;'D@:&%S(&-O;F-E;G1R871I;VYS(&EN M('-U<'!L:65R+"!C=7-T;VUE2!H87,@86X@ M86=R965M96YT(&%L;&]W:6YG(&ET('1O(&QI8V5N2!I2X\+V9O;G0^/"]P/@T* M/"]D:78^#0H\+V1I=CX\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQD:78@:60],T1%9&=A M2`Z("=4:6UE M6QE/3-$)R!T97AT+6%L:6=N M.B!J=7-T:69Y.R!L:6YE+6AE:6=H=#H@,3)P=#L@;6%R9VEN.B`W+C5P="`P M8VT@,'!T.R!F;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQS=')O M;F<^/&9O;G0@;&%N9STS1$5.+553('-T>6QE/3-$)R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^3D]412`W("T@ M24Y#3TU%(%1!6$53/"]F;VYT/CPO'0M86QI9VXZ(&IU6QE/3-$)R!F;VYT+7-I>F4Z M(#$P<'0[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^5&AE($-O M;7!A;GD@9FEL97,@9F5D97)A;"!I;F-O;64@=&%X97,@;VX@82!C87-H(&)A M"!L;W-S(&-A"!I"!A6QE/3-$)R!T97AT M+6%L:6=N.B!J=7-T:69Y.R!M87)G:6XZ(#!C;2`P8VT@,'!T.R!F;VYT+69A M;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/B8C,38P.SPO<#X@/'`@'0M86QI9VXZ(&IU2!A"!P97)I;V0@1&5C96UB97(@,S$L(#(P,3(N M)B,Q-C`[(%1H92!#;VUP86YY)W,@9FES8V%L('EE87(@96YD(&ES($IU;F4@ M,S`@86YD(&9O'10 M87)T7S$T8SEA,S`Q7S8X,69?-&9D-U]A,#AA7S)B-C(Y,S8V8F,R.`T*0V]N M=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\Q-&,Y83,P,5\V.#%F7S1F9#=? M83`X85\R8C8R.3,V-F)C,C@O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQD:78@:60],T1%9&=A6QE/3-$)R!T97AT+6%L:6=N.B!J=7-T:69Y M.R!L:6YE+6AE:6=H=#H@,3)P=#L@;6%R9VEN.B`W+C5P="`P8VT@,'!T.R!F M;VYT+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/CQS=')O;F<^/&9O;G0@ M;&%N9STS1$5.+553('-T>6QE/3-$)R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^/"]F;VYT/CPO2`Z(%1I M;65S($YE=R!2;VUA;CLG/DY/5$4@."`F(S$U,#L@0T]-34].($%.1"!04D5& M15)2140@4U1/0TL\+V9O;G0^/"]S=')O;F<^/"]P/B`\<"!S='EL93TS1"<@ M=&5X="UA;&EG;CH@:G5S=&EF>3L@;6%R9VEN.B`P8VT@,&-M(#!P=#L@8F%C M:V=R;W5N9#H@=VAI=&4[(&9O;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N M.R<^)B,Q-C`[/"]P/B`\<"!S='EL93TS1"<@=&5X="UA;&EG;CH@:G5S=&EF M>3L@;6%R9VEN.B`P8VT@,&-M(#!P=#L@8F%C:V=R;W5N9#H@=VAI=&4[(&9O M;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^/&9O;G0@;&%N9STS1$5. M+553(&-O;&]R/3-$8FQA8VL@2!A<'!R;W9E M9"!A;B!A;65N9&UE;G0@=&\@=&AE)B,Q-C`[07)T:6-L97,@;V8@26YC;W)P M;W)A=&EO;B!A;F0@0GEL87=S('1O(&-H86YG92!T:&4@;G5M8F5R(&]F('1H M92!A=71H;W)I>F5D(&-A<&ET86P@;V8@8V]M;6]N('-T;V-K)B,Q-C`[9G)O M;2!4=V\@2'5N9')E9"!-:6QL:6]N("@\9F]N=#XR,#`L,#`P+#`P,#PO9F]N M=#XI('1O($]N92!(=6YD2!&:79E($UI;&QI;VX@*#QF;VYT M/C$Y-2PP,#`L,#`P/"]F;VYT/BDL('!A'0M86QI9VXZ(&IU2`Z(%1I;65S($YE=R!2;VUA;CLG/CQF;VYT(&QA;F<],T1%3BU5 M4R!C;VQO6QE/3-$)R!F;VYT+7-I>F4Z(#$P<'0[(&9O M;G0M9F%M:6QY(#H@5&EM97,@3F5W(%)O;6%N.R<^/"]F;VYT/CPO<#X@/"]D M:78^(#PO9&EV/CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6QE/3-$)V9O;G0M9F%M:6QY M(#H@)U1I;65S($YE=R!2;VUA;B<[)SX-"CQD:78^#0H\<"!S='EL93TS1"<@ M=&5X="UA;&EG;CH@:G5S=&EF>3L@;6%R9VEN.B`P8VT@,&-M(#!P=#L@9F]N M="UF86UI;'D@.B!4:6UE2`Z(%1I;65S($YE=R!2;VUA;CLG/DY/5$4@.2`F(S$U,#L@4U5"4T51 M545.5"!%5D5.5#PO9F]N=#X\+W-T6QE/3-$)R!T M97AT+6%L:6=N.B!J=7-T:69Y.R!M87)G:6XZ(#!C;2`P8VT@,'!T.R!F;VYT M+69A;6EL>2`Z(%1I;65S($YE=R!2;VUA;CLG/B8C,38P.SPO<#X@/'`@'0M86QI9VXZ(&IU2!R96-E:79E9"!V97)B86P@8V]N M9FER;6%T:6]N(&9R;VT@=&AE($E24R!T:&%T('1H92`D(#QF;VYT/C$P+#`P M,#PO9F]N=#X@87-S97-S;65N="!R96QA=&EN9R!T;R!T:&4@1&5C96UB97(@ M,S$L(#(P,3(@=&%X('!E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P M,5\V.#%F7S1F9#=?83`X85\R8C8R.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,31C.6$S,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS M-C9B8S(X+U=O'0O:'1M;#L@8VAA7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^)SQS<&%N/CPO3X-"CPO M:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-&,Y83,P,5\V.#%F7S1F9#=? M83`X85\R8C8R.3,V-F)C,C@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O M0SHO,31C.6$S,#%?-C@Q9E\T9F0W7V$P.&%?,F(V,CDS-C9B8S(X+U=O'0O:'1M;#L@ M8VAA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO65A'0^)SQS M<&%N/CPO'0^ M)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO M'0^)SQS<&%N M/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO2!F964@ M;VX@9W)O'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'1E;G-I;VX@9F5E('!A>6%B;&4\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'1E;G-I;VX@9F5E M(&]W960@=&\@8V]M<&%N>2!U;F1E'0^)SQS<&%N/CPO'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^ M)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^)SQS<&%N/CPO2!A7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^)SQS M<&%N/CPOF5D('-H87)E'0^)SQD:78@:60],T1%9&=A'0^)SQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-&,Y M83,P,5\V.#%F7S1F9#=?83`X85\R8C8R.3,V-F)C,C@-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO,31C.6$S,#%?-C@Q9E\T9F0W7V$P.&%?,F(V M,CDS-C9B8S(X+U=O&UL#0I#;VYT96YT+51R M86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I#;VYT96YT+51Y M<&4Z('1E>'0O:'1M;#L@8VAA&UL M;G,Z;STS1")U'1087)T7S$T8SEA,S`Q7S8X,69?-&9D-U]A,#AA 17S)B-C(Y,S8V8F,R."TM#0H` ` end XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
RELATED PARTY TRANSACTIONS
3 Months Ended
Sep. 30, 2014
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 3 - RELATED PARTY TRANSACTIONS 

During the quarter ended September 30, 2014, the Company President advanced a total of $ 5,500 to fund working capital needs.  The balance due to the President at September 30, 2014 was $ 114,481.  There is no interest bearing or stated terms of repayment for these advances.

XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED BALANCE SHEETS (USD $)
Sep. 30, 2014
Jun. 30, 2014
CURRENT ASSETS    
Cash $ 817 $ 81
License fee receivable 73,000 48,000
Less: allowance for doubtful accounts (18,000) (18,000)
Total current assets 55,817 30,081
OTHER ASSET    
Intangible asset - License 110,000 110,000
Less: Accumulated amortization (13,687) (10,938)
Less: Impairment (20,000) (15,000)
Total other assets 76,313 84,062
TOTAL ASSETS 132,130 114,143
CURRENT LIABILITIES    
Accounts payable 32,291 32,291
Royalty fees payable 3,500 3,500
Due to shareholder 114,481 108,981
Deferred revenue 60,000 30,000
Total current liabilities 210,272 174,772
COMMITMENT AND CONTINGENCIES - Note 2      
SHAREHOLDERS' DEFICIT    
Common stock, 195,000 and 200,000,000 shares authorized, respectively of $.0001 par value; 33,001,000 issued and outstanding 3,300 3,300
Capital in excess of par value 10,261 10,261
Accumulated deficit (91,703) (74,190)
Total shareholders' deficit (78,142) (60,629)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 132,130 $ 114,143
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
BASIS OF PRESENTATION
3 Months Ended
Sep. 30, 2014
BASIS OF PRESENTATION [Abstract]  
BASIS OF PRESENTATION

NOTE 1- BASIS OF PRESENTATION

The unaudited interim financial statements of Cambridge Projects, Inc. for the three month periods ended September 30, 2014 and 2013 have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such comparable periods. The results of operations for the three month periods ended September 30, 2014 are not necessarily indicative of the results to be expected for the full fiscal year ending June 30, 2015.

Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements for year ended June 30, 2014.

Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Condensed Financial Statements and accompanying disclosures.

XML 18 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMITMENT AND CONTINGENCIES
3 Months Ended
Sep. 30, 2014
COMMITMENT AND CONTINGENCIES [Abstract]  
COMMITMENT AND CONTINGENCIES

NOTE 2 – COMMITMENT AND CONTINGENCIES

The Company is obligated to purchase the QI System at a fixed price of $400,000 by December 31, 2016 under various extension agreements mentioned below.  There is reliance on a single project, and also a concentration in customer base and geographic area. 

XML 20 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED BALANCE SHEETS (Parenthetical) (USD $)
Sep. 30, 2014
Jun. 30, 2014
CONDENSED BALANCE SHEETS [Abstract]    
Common stock, par value $ 0.0001 $ 0.0001
Common stock, authorized shares 195,000 200,000,000
Common stock shares issued 33,001,000 33,001,000
Common stock shares outstanding 33,001,000 33,001,000
XML 21 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
LICENSE AGREEMENTS (Details) (USD $)
1 Months Ended 3 Months Ended
Feb. 08, 2012
Licensing Agreement Quadra International [Member]
Sep. 30, 2014
Licensing Agreement Quadra International [Member]
Apr. 07, 2014
Addendum To License Agreement Quadra International [Member]
Apr. 10, 2014
Sublicense Agreement Zhunger Capital Partners [Member]
Nov. 19, 2013
Sublicense Agreement Zhunger Capital Partners [Member]
Apr. 26, 2013
Sublicense Agreement Zhunger Capital Partners [Member]
Feb. 15, 2012
Sublicense Agreement Zhunger Capital Partners [Member]
License And Sublicense Agreements [Line Items]              
Duration of license agreement 25 years            
Cost of license $ 40,000            
Purchase obligation 400,000            
Amortization period 10 years            
Percentage of royalty on sub licensors fees 5.00%            
Percentage of royalty fee on gross sales 3.00%            
Extension fee payable     70,000 30,000 30,000 25,000  
License rights receivable             70,000
Extension fee owed to company under sub-license agreement       150,000      
Impairment of license value   20,000          
License value, net   $ 76,313          
Option to acquire waste conversion operations, percentage       50.00%      
XML 22 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
3 Months Ended
Sep. 30, 2014
Nov. 07, 2014
Document And Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2014  
Document Fiscal Year Focus 2015  
Document Fiscal Period Focus Q1  
Entity Registrant Name CAMBRIDGE PROJECTS INC.  
Entity Central Index Key 0001528308  
Current Fiscal Year End Date --06-30  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   33,001,000
XML 23 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACCOUNTS RECEIVABLE (Details) (USD $)
Sep. 30, 2014
Jun. 30, 2014
ACCOUNTS RECEIVABLE [Abstract]    
Allowance for bad debts $ 18,000 $ 18,000
XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CONDENSED STATEMENTS OF OPERATIONS [Abstract]    
Revenues    $ 9,375
General and Administrative Expenses:    
Professional fees 9,000 5,000
Impairment 5,000   
Amortization 2,749 999
Office and miscellaneous 764 597
Total expenses 17,513 6,596
Net income (loss) $ (17,513) $ 2,779
Net income per common share - basic and diluted      
Weighted average number of common shares outstanding 33,001,000 33,001,000
XML 25 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES
3 Months Ended
Sep. 30, 2014
INCOME TAXES [Abstract]  
INCOME TAXES

NOTE 7 - INCOME TAXES

The Company files federal income taxes on a cash basis.  There is a tax loss carryforward and a loss is anticipated for the current year, therefore, no tax is accrued.  No corresponding tax asset is recorded due to a valuation allowance.

 

On August 11, 2014, the Company received a penalty assessment from the IRS in the amount of $ 10,000 for failure to provide information with respect to certain foreign owned US Corporations on Form 5472 - Information Return of a 25% Foreign Owned US Corporation for the tax period December 31, 2012.  The Company's fiscal year end is June 30 and for the fiscal years ended June 30, 2013 and 2012, the Company has filed in its tax returns Form 5472.   The Company is disputing this claim and has replied to the IRS in the required time frame stating these facts.  Please see below “Subsequent Event”.   

XML 26 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS CONCENTRATIONS
3 Months Ended
Sep. 30, 2014
BUSINESS CONCENTRATIONS [Abstract]  
BUSINESS CONCENTRATIONS

NOTE 6 - BUSINESS CONCENTRATIONS

 

The Company currently has concentrations in supplier, customer, product and geographic area.  As noted above the Company has an agreement allowing it to license the disposal technology.  It has entered into a sub-license agreement granting those rights to a single licensee.  The Company is not, however, limited to this activity.

XML 27 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES (Details) (USD $)
Sep. 30, 2014
INCOME TAXES [Abstract]  
Penalty assessment $ 10,000
XML 28 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMITMENT AND CONTINGENCIES (Details) (USD $)
3 Months Ended
Sep. 30, 2014
COMMITMENT AND CONTINGENCIES [Abstract]  
Purchase obligation $ 400,000
XML 29 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMON AND PREFERRED STOCK
3 Months Ended
Sep. 30, 2014
COMMON AND PREFERRED STOCK [Abstract]  
COMMON AND PREFERRED STOCK

NOTE 8 – COMMON AND PREFERRED STOCK

 

On August 7, 2014, the shareholders of the Company approved an amendment to the Articles of Incorporation and Bylaws to change the number of the authorized capital of common stock from Two Hundred Million (200,000,000) to One Hundred Ninety Five Million (195,000,000), par value of $ 0.0001.  Each common stock has one (1) vote. The shareholders also approved the establishment of a Preferred Stock class with an authorized capital of Five Million (5,000,000), par value of $ 0.0001. Each Preferred Stock has one hundred (100) votes.

XML 30 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENT
3 Months Ended
Sep. 30, 2014
SUBSEQUENT EVENT [Abstract]  
SUBSEQUENT EVENT

NOTE 9 – SUBSEQUENT EVENT

 

On October 24, 2014, the Company received verbal confirmation from the IRS that the $ 10,000 assessment relating to the December 31, 2012 tax period, as mentioned in note 7, was cancelled upon receipt of filing of the Form 5472. 

XML 31 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
RELATED PARTY TRANSACTIONS (Details) (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Jun. 30, 2014
RELATED PARTY TRANSACTIONS [Abstract]      
Proceeds from president advance $ 5,500     
Due to President $ 114,481   $ 108,981
XML 32 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENT (Details) (Subsequent Event [Member], USD $)
1 Months Ended
Oct. 24, 2014
Subsequent Event [Member]
 
Subsequent Event [Line Items]  
Amount of penalty assessment cancelled $ 10,000
XML 33 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (17,513) $ 2,779
Charges not requiring outlay of cash:    
Amortization 2,749 999
Impairment 5,000   
Changes in assets and liabilities:    
Decrease (increase) in license fee receivable (25,000) 2,000
Increases in accounts payable    1,500
Increase (decrease) in deferred revenue 30,000 (9,375)
Net cash provided by (used for) operating activities (4,764) (2,097)
CASH FLOWS FROM INVESTING ACTIVITIES      
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from shareholder loan 5,500   
Net cash provided by financing activities 5,500   
Net increase (decrease) in cash 736 (2,097)
Cash, at beginning of period 81 2,825
Cash, at end of period $ 817 $ 728
XML 34 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACCOUNTS RECEIVABLE
3 Months Ended
Sep. 30, 2014
ACCOUNTS RECEIVABLE [Abstract]  
ACCOUNTS RECEIVABLE

NOTE 5 - ACCOUNTS RECEIVABLE

 

Based on payment patterns the allowance for bad debts is $ 18,000. The reserve remains unchanged since June 30, 2014 as management has determined that there is substantial doubt as to the collectability of extension payments from Zhunger and will recognized revenue on extension agreements dated November 19, 2013 and April 10, 2014 based upon receipt as opposed to amortizing such amounts over the term of the agreement.  

XML 35 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.8 Html 17 80 1 false 4 0 false 4 false false R1.htm 001 - Document - Document and Entity Information Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-daei Document and Entity Information true false R2.htm 002 - Statement - CONDENSED BALANCE SHEETS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-cbs CONDENSED BALANCE SHEETS false false R3.htm 003 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-cbsp CONDENSED BALANCE SHEETS (Parenthetical) false false R4.htm 004 - Statement - CONDENSED STATEMENTS OF OPERATIONS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-csoo CONDENSED STATEMENTS OF OPERATIONS false false R5.htm 006 - Statement - CONDENSED STATEMENTS OF CASH FLOWS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-csocf CONDENSED STATEMENTS OF CASH FLOWS false false R6.htm 101 - Disclosure - BASIS OF PRESENTATION Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-bop BASIS OF PRESENTATION false false R7.htm 102 - Disclosure - COMMITMENT AND CONTINGENCIES Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-COMMITMENTANDCONTINGENCIES COMMITMENT AND CONTINGENCIES false false R8.htm 103 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-rpt1 RELATED PARTY TRANSACTIONS false false R9.htm 104 - Disclosure - LICENSE AGREEMENTS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-la LICENSE AGREEMENTS false false R10.htm 105 - Disclosure - ACCOUNTS RECEIVABLE Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-ar ACCOUNTS RECEIVABLE false false R11.htm 106 - Disclosure - BUSINESS CONCENTRATIONS Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-bc BUSINESS CONCENTRATIONS false false R12.htm 107 - Disclosure - INCOME TAXES Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-it1 INCOME TAXES false false R13.htm 108 - Disclosure - COMMON AND PREFERRED STOCK Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-COMMONANDPREFERREDSTOCK COMMON AND PREFERRED STOCK false false R14.htm 109 - Disclosure - SUBSEQUENT EVENT Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-SUBSEQUENTEVENT SUBSEQUENT EVENT false false R15.htm 40201 - Disclosure - COMMITMENT AND CONTINGENCIES (Details) Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-COMMITMENTANDCONTINGENCIESDetails COMMITMENT AND CONTINGENCIES (Details) false false R16.htm 40301 - Disclosure - RELATED PARTY TRANSACTIONS (Details) Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-RELATEDPARTYTRANSACTIONSDetails RELATED PARTY TRANSACTIONS (Details) false false R17.htm 40401 - Disclosure - LICENSE AGREEMENTS (Details) Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-lad LICENSE AGREEMENTS (Details) false false R18.htm 40501 - Disclosure - ACCOUNTS RECEIVABLE (Details) Sheet http://www.cambridgeprojectsinc.com/role/cik1528308-ard ACCOUNTS RECEIVABLE (Details) false false R19.htm 40701 - Disclosure - INCOME TAXES (Details) Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-INCOMETAXESDetails INCOME TAXES (Details) false false R20.htm 40801 - Disclosure - COMMON AND PREFERRED STOCK (Details) Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-COMMONANDPREFERREDSTOCKDetails COMMON AND PREFERRED STOCK (Details) false false R21.htm 40901 - Disclosure - SUBSEQUENT EVENT (Details) Sheet http://www.cambridgeprojectsinc.com/role/Disclosure-SUBSEQUENTEVENTDetails SUBSEQUENT EVENT (Details) false false All Reports Book All Reports Process Flow-Through: 002 - Statement - CONDENSED BALANCE SHEETS Process Flow-Through: Removing column 'Sep. 30, 2013' Process Flow-Through: Removing column 'Jun. 30, 2013' Process Flow-Through: 003 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Process Flow-Through: 004 - Statement - CONDENSED STATEMENTS OF OPERATIONS Process Flow-Through: 006 - Statement - CONDENSED STATEMENTS OF CASH FLOWS cik1528308-20140930.xml cik1528308-20140930.xsd cik1528308-20140930_cal.xml cik1528308-20140930_def.xml cik1528308-20140930_lab.xml cik1528308-20140930_pre.xml true true XML 36 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMON AND PREFERRED STOCK (Details) (USD $)
3 Months Ended
Sep. 30, 2014
Jun. 30, 2014
COMMON AND PREFERRED STOCK [Abstract]    
Common stock, authorized shares 195,000 200,000,000
Common stock, par value $ 0.0001 $ 0.0001
Common stock, votes per share
1
 
Preferred stock, authorized shares 5,000,000  
Preferred stock, par value $ 0.0001  
Preferred stock, votes per share
100