CONCENTRATION OF CREDIT RISK

6 Months Ended

Jun. 30, 2016

CONCENTRATION OF CREDIT RISK.

CONCENTRATION OF CREDIT RISK

NOTE 5 — CONCENTRATION OF CREDIT RISK:

The Company maintains most of its cash and cash equivalents in one financial institution.  To date, the Company has not experienced a material loss or lack of access to its invested cash or cash equivalents; however, no assurance can be provided that access to the Company’s invested cash and cash equivalents will not be impacted by adverse conditions in the financial markets. The total uninsured bank deposit balance on the Company’s bank statements was approximately $1,678,000 as of June 30, 2016.