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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;7.&amp;#160;&amp;#160;

      &amp;#160;&amp;#160;&amp;#160;Recent Accounting Standards&lt;/font&gt;

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      February 2013, the Financial Accounting Standards Board

      (FASB) issued Accounting Standards Update (ASU) 2013-02,

      &amp;#8220;Reporting of Amounts Reclassified Out of Accumulated

      Other Comprehensive Income.&amp;#8221; This amendment does not

      change the current requirements for reporting net income or

      other comprehensive income in financial statements; however,

      the amendment requires an entity to provide information about

      the amounts reclassified out of accumulated other

      comprehensive income by component and to disclose significant

      amounts reclassified out of accumulated other comprehensive

      income by the respective line items of net income if the

      amount being reclassified is required under GAAP to be

      reclassified in its entirety to net income. For other amounts

      that are not required under GAAP to be reclassified in their

      entirety to net income in the same reporting period, an

      entity is required to cross-reference other disclosures

      required under GAAP. The pronouncement was effective for

      reporting periods beginning after December 15, 2012. The

      adoption of ASU 2013-02 in the first quarter of 2013 had no

      impact on the Company&amp;#8217;s consolidated financial

      statements.&lt;/font&gt;

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 -Publisher SEC

 -Name Regulation S-X (SX)

 -Number 210

 -Section 01

 -Paragraph b

 -Subparagraph 6

 -Article 10



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 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 270

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 -URI http://asc.fasb.org/extlink&amp;oid=28359718&amp;loc=d3e22580-107794



Reference 6: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Direct Effects of a Change in Accounting Principle

 -URI http://asc.fasb.org/extlink&amp;oid=6510796



Reference 7: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Indirect Effects of a Change in Accounting Principle

 -URI http://asc.fasb.org/extlink&amp;oid=6515603



Reference 8: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Accounting Change

 -URI http://asc.fasb.org/extlink&amp;oid=6503790



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 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Change in Accounting Principle

 -URI http://asc.fasb.org/extlink&amp;oid=6507316



Reference 10: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 270

 -SubTopic 10

 -Section S99

 -Paragraph 1

 -Subparagraph (SX 210.10-01.(b)(6))

 -URI http://asc.fasb.org/extlink&amp;oid=27015980&amp;loc=d3e46468-122699



Reference 11: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Glossary Retrospective Application

 -URI http://asc.fasb.org/extlink&amp;oid=6523989



Reference 12: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 250

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