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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=Content-Type content="text/html; charset=utf-8">
<META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD>
<BODY>
<P style="FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"><B>4. Fixed
Assets</B></P>
<P style="MARGIN: 0pt" align=justify><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt" align=justify>Fixed
assets consist of equipment, software and leasehold improvements and capital
lease assets. Equipment consists primarily of communications and
technology hardware and furniture and fixtures. Software includes
purchased software and internally developed software. Fixed assets are reported
at cost, net of accumulated depreciation and amortization. The following
table reflects the components of fixed assets as of:</P>
<P style="MARGIN: 0pt"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TBODY>
<TR>
<TD width=264></TD>
<TD width=110></TD>
<TD width=101></TD></TR>
<TR>
<TD width=352>
<P style="FONT-SIZE: 2pt"> </P></TD>
<TD width=147>
<P style="FONT-SIZE: 2pt"> </P></TD>
<TD width=135>
<P style="FONT-SIZE: 2pt"> </P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=352>
<P style="FONT-SIZE: 2pt"> </P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=147>
<P style="FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=center>June 30, 2009</P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=135>
<P style="FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=center>March 31, 2009 </P></TD></TR>
<TR>
<TD vAlign=top width=352>
<P
style="PADDING-LEFT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Equipment</P></TD>
<TD vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>$ 188,899</P></TD>
<TD vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>$ 180,668</P></TD></TR>
<TR>
<TD vAlign=top width=352>
<P
style="PADDING-LEFT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Software</P></TD>
<TD vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>199,990</P></TD>
<TD vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>193,109</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=top width=352>
<P
style="PADDING-LEFT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Leasehold
improvements and capital lease assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>332,477</P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>314,963</P></TD></TR>
<TR>
<TD vAlign=top width=352>
<P
style="PADDING-LEFT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Total
cost</P></TD>
<TD vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>721,366</P></TD>
<TD vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>688,740</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=top width=352>
<P
style="PADDING-LEFT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Less:
accumulated depreciation and amortization</P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 10.8pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>(340,958)</P></TD>
<TD style="BORDER-BOTTOM: #000000 0.75pt solid" vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 3.6pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>(321,697)</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 2pt double" vAlign=top width=352>
<P
style="PADDING-LEFT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt">Fixed
assets, net</P></TD>
<TD style="BORDER-BOTTOM: #000000 2pt double" vAlign=bottom width=147>
<P
style="PADDING-RIGHT: 14.4pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>$ 380,408</P></TD>
<TD style="BORDER-BOTTOM: #000000 2pt double" vAlign=bottom width=135>
<P
style="PADDING-RIGHT: 7.2pt; FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=right>$ 367,043</P></TD></TR></TBODY></TABLE>
<P style="MARGIN: 0pt"><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0pt; LINE-HEIGHT: 14pt"
align=justify>Depreciation and amortization expense included in operating income
was $22,016 and $22,826 for the quarters ended June 30, 2009 and 2008,
respectively.</P></BODY></HTML>
4. Fixed
Assets
Fixed
assets consist of equipment, software and leasehold improvements and capital
lease assets. Equipment consists primarily
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