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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;11. Legal Proceedings&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;The Company is subject to certain legal proceedings and claims arising out of the conduct of its
   business. In accordance with ASC 450, &lt;i&gt;Contingencies &lt;/i&gt;(&amp;#8220;ASC 450&amp;#8221;), management records a reserve for
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   of possible loss exists and no anticipated loss within the range is more likely than any other
   anticipated loss, the Company records the accrual at the low end of the range, in accordance with
   ASC 450. As the Company believes that it has provided adequate reserves, it anticipates that the
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   consolidated financial position or results of operations of the Company.
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
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