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  <dei:EntityRegistrantName id="Tag78" contextRef="C553633">MORGAN GROUP HOLDING CO</dei:EntityRegistrantName>
  <dei:EntityCentralIndexKey id="Tag79" contextRef="C553633">0001162283</dei:EntityCentralIndexKey>
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  <dei:AmendmentFlag id="Tag81" contextRef="C553633">false</dei:AmendmentFlag>
  <dei:CurrentFiscalYearEndDate id="Tag82" contextRef="C553633">--12-31</dei:CurrentFiscalYearEndDate>
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  <dei:EntityCurrentReportingStatus id="Tag84" contextRef="C553633">Yes</dei:EntityCurrentReportingStatus>
  <dei:EntityPublicFloat id="Tag85" contextRef="C553759" unitRef="USD" decimals="0">1137000</dei:EntityPublicFloat>
  <dei:DocumentFiscalYearFocus id="Tag86" contextRef="C553633">2014</dei:DocumentFiscalYearFocus>
  <us-gaap:CashAndCashEquivalentsPolicyTextBlock id="Tag87" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Cash and Cash Equivalents &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;All highly liquid investments with maturity of three months or less when purchased are considered to be cash equivalents. The carrying value of cash equivalents approximates its fair value based on its nature. &lt;/font&gt;&lt;b&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;At December 31, 2014 and 2013 all cash and cash equivalents were invested in a United States Treasury money market fund, for which an affiliate of the Company serves as the investment manager.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
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&lt;div&gt;
&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 2.&lt;/font&gt;
&lt;font style="margin-left:4pt"&gt;&lt;font style="text-decoration: underline;font-family: Times New Roman;" size="2"&gt;Marketable Securities&lt;/font&gt; &lt;/font&gt;&lt;/div&gt;


&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;
&amp;#160;




&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Marketable securities consist of publicly traded common stocks. The Company's investments in marketable securities are classified as trading securities under ASC 320 and are carried at their estimated fair value based on current market quotes. The Company acquired its marketable securities on the open market through an affiliate of its Chairman and securities were held in an account at the same affiliate. The Company reported the unrealized gains or losses through the current period Statement of Operations. At December 31, 2013, there were $&lt;font&gt;275,857&lt;/font&gt; of investments in marketable securities and there was $&lt;font&gt;4,238&lt;/font&gt; of unrealized losses on the Company's investments in marketable securities, which was included in the net loss for the year ended December 31, 2013. There were no investments in marketable securities at December 31, 2014.&lt;/font&gt;&lt;/p&gt;




&lt;/div&gt;</us-gaap:InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock>
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&lt;div style="margin-top: 0pt;"&gt;&lt;font style=" font-family: Times New Roman;" size="2"&gt;Note 1.&lt;/font&gt;&lt;font style="margin-left: 06pt; text-decoration: underline;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basis of Presentation and Significant Accounting Principles&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="text-decoration: underline;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basis of Presentation&lt;/font&gt;&lt;/font&gt;&lt;/i&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Morgan Group Holding Co. (&amp;#147;Holding&amp;#148; or &amp;#147;the Company&amp;#148;) was incorporated in November 2001 as a wholly-owned subsidiary of LICT Corporation (&amp;#147;LICT&amp;#148;) to serve, among other business purposes, as a holding company for LICT's controlling interest in The Morgan Group, Inc. (&amp;#147;Morgan&amp;#148;). On January 24, 2002, LICT spun off &lt;font&gt;2,820,051&lt;/font&gt; shares of Holding common stock through a pro rata distribution (&amp;#147;Spin-Off&amp;#148;) to its stockholders and retained &lt;font&gt;235,294&lt;/font&gt; shares.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;On October 3, 2002, Morgan ceased its operations when its liability insurance expired and it was unable to secure replacement insurance. On October 18, 2002, Morgan and two of its operating subsidiaries filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Indiana, South Bend Division for the purpose of conducting an orderly liquidation of Morgan's assets. On March 31, 2008, the bankruptcy court dismissed the proceeding and it was entirely concluded at that time. The Company received no value for its equity ownership from the bankruptcy proceeding.&lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="text-decoration: underline;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Significant Accounting Principles&lt;/font&gt;&lt;/font&gt;&lt;/i&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;div&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Cash and Cash Equivalents &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;All highly liquid investments with maturity of three months or less when purchased are considered to be cash equivalents. The carrying value of cash equivalents approximates its fair value based on its nature. &lt;/font&gt;&lt;b&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;At December 31, 2014 and 2013 all cash and cash equivalents were invested in a United States Treasury money market fund, for which an affiliate of the Company serves as the investment manager.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;div&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Stock Based Compensation&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;During 2012, the Company issued stock options and warrants to two of the Company's officers, see Note 7. The Company uses a fair value based method of accounting for stock-based compensation provided to our employees. The estimated fair value of option awards on the grant date is determined using the Black Scholes option-pricing model. This sophisticated model utilizes a number of assumptions in arriving at its results, including the estimated life of the option, the risk free interest rate at the date of grant and the volatility of the underlying common stock. There may be other factors which are not considered in the Black Scholes model but which may have an effect on the value of the options as well. The effects of changing any of the assumptions or factors employed by the Black Scholes model may result in a significantly different valuation for the options. No options or warrants were granted during the years ended December 31, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;div&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Earnings per share &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basic earnings per share is based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share is based on basic shares plus the incremental shares that would be issued upon the assumed exercise of in-the-money stock options and unvested restricted stock using the treasury stock method, if dilutive. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;&lt;div&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Use of Estimates&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/p&gt;



&lt;/div&gt; 
&lt;/div&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="Tag93" contextRef="C553757">P3Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
  <us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy id="Tag94" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Stock Based Compensation&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;During 2012, the Company issued stock options and warrants to two of the Company's officers, see Note 7. The Company uses a fair value based method of accounting for stock-based compensation provided to our employees. The estimated fair value of option awards on the grant date is determined using the Black Scholes option-pricing model. This sophisticated model utilizes a number of assumptions in arriving at its results, including the estimated life of the option, the risk free interest rate at the date of grant and the volatility of the underlying common stock. There may be other factors which are not considered in the Black Scholes model but which may have an effect on the value of the options as well. The effects of changing any of the assumptions or factors employed by the Black Scholes model may result in a significantly different valuation for the options. No options or warrants were granted during the years ended December 31, 2014 and 2013.&lt;/font&gt;&lt;/p&gt;&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy>
  <us-gaap:EarningsPerSharePolicyTextBlock id="Tag95" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Earnings per share &lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basic earnings per share is based on the weighted-average number of common shares outstanding during each period. Diluted earnings per share is based on basic shares plus the incremental shares that would be issued upon the assumed exercise of in-the-money stock options and unvested restricted stock using the treasury stock method, if dilutive. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
  <us-gaap:UseOfEstimates id="Tag96" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Use of Estimates&lt;/font&gt;&lt;/i&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:UseOfEstimates>
  <us-gaap:AvailableForSaleSecuritiesAmortizedCost id="Tag97" contextRef="C553632" unitRef="USD" decimals="0">280095</us-gaap:AvailableForSaleSecuritiesAmortizedCost>
  <us-gaap:AvailableForSaleSecuritiesGrossUnrealizedLoss id="Tag98" contextRef="C553634" unitRef="USD" decimals="0">4238</us-gaap:AvailableForSaleSecuritiesGrossUnrealizedLoss>
  <us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock id="Tag99" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table cellpadding="0" cellspacing="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 96%; margin-left: 0.100000001490116px;"&gt;

&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap" colspan="3"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Gross&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Estimated&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Cost&lt;/font&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Fair&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-size: 9pt; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Description&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times new roman; font-size: 9pt; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basis&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Losses&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Value&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;280,095&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(4,238&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;275,857&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left;" nowrap="nowrap" colspan="1"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="Tag100" contextRef="C553758">P5Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="Tag101" contextRef="C553758" unitRef="Pure" decimals="2">0.85</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="Tag102" contextRef="C553758" unitRef="Pure" decimals="2">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
  <us-gaap:GeneralAndAdministrativeExpense id="Tag103" contextRef="C553634" unitRef="USD" decimals="0">62689</us-gaap:GeneralAndAdministrativeExpense>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock id="Tag104" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;



&lt;div&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 7.&lt;/font&gt;&lt;font style="text-decoration: underline;"&gt;&lt;font style="margin-left: 05pt;font-family: Times New Roman;" size="2"&gt;Shareholders Equity and Stock Options and Warrants&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;&lt;br/&gt;&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: Times New Roman;" size="2"&gt;At the Company's Annual Meeting of Stockholders on May 8, 2014, its stockholders voted to amend the Company's Certificate of Incorporation (the &amp;#147;Charter Amendment&amp;#148;) to increase the number of authorized shares of common stock, par value $&lt;font&gt;0.01&lt;/font&gt; per share, from &lt;font&gt;10,000,000&lt;/font&gt; to &lt;font&gt;100,000,000&lt;/font&gt;. The Company has not yet filed the Amended Certificate of Incorporation&lt;/font&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;with its state of incorporation, Delaware, to effectuate the authorization.&lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;On December 21, 2012, the Company and Jonathan P. Evans, currently Chief Executive Officer of the Company, entered into a Nonqualified Stock Option Agreement, whereby the Company granted to Mr. Evans an option (the &amp;#147;Option&amp;#148;) to purchase &lt;font&gt;800,000&lt;/font&gt; shares of the Company's Common Stock at an exercise price of $&lt;font&gt;0.15&lt;/font&gt; per share of Common Stock, which was the closing price of the Common Stock as quoted on the OTC Markets' inter-dealer quotation service on December 20, 2012. The Options are exercisable at any time and the exercise period expires December 21, 2015. As of December 31, 2014 and 2013, these are the only options outstanding. &lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Also on December 21, 2012, the Company issued a warrant to purchase up to &lt;font&gt;1,000,000&lt;/font&gt; shares of the Company's Common Stock at $&lt;font&gt;1.00&lt;/font&gt; per share to Jonathan P. Evans in exchange for $&lt;font&gt;10,000&lt;/font&gt;, which was received in 2013. In addition, on that date, the Company issued a warrant to purchase up to &lt;font&gt;200,000&lt;/font&gt; shares of the Company's Common Stock to Robert E. Dolan, Chief Financial Officer of the Company, in exchange for $&lt;font&gt;2,000&lt;/font&gt;. Both warrants are exercisable currently through December 21, 2017. &lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The fair values of options and warrants granted during the year ended December 31, 2012 were estimated on the date of the grant using the Black-Sholes option-pricing model with the following assumptions with regard to the option and warrants; respectively, risk-free rates of &lt;font&gt;0.38&lt;/font&gt;% and &lt;font&gt;0.74&lt;/font&gt;%; dividend yield of &lt;font&gt;0&lt;/font&gt;%; expected volatility of &lt;font&gt;85&lt;/font&gt;%; and estimated lives of &lt;font&gt;3&lt;/font&gt; and &lt;font&gt;5&lt;/font&gt; years. Expected volatility is based on historical volatility of the Company's common stock. The expected term of the options and warrants represents the period of time that options and warrants granted are expected to be outstanding and is derived from their terms.&lt;/font&gt;&lt;/p&gt;



&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:CommonStockSharesAuthorized id="Tag105" contextRef="C553752" unitRef="Shares" decimals="INF">100000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="Tag106" contextRef="C553753" unitRef="Shares" decimals="INF">800000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice id="Tag107" contextRef="C553753" unitRef="USDPerShare" decimals="2">0.15</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice>
  <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights id="Tag108" contextRef="C553754" unitRef="Shares" decimals="INF">1000000</us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights>
  <us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 id="Tag109" contextRef="C553754" unitRef="USDPerShare" decimals="2">1.00</us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1>
  <us-gaap:ProceedsFromIssuanceOfWarrants id="Tag110" contextRef="C553753" unitRef="USD" decimals="0">10000</us-gaap:ProceedsFromIssuanceOfWarrants>
  <us-gaap:ProceedsFromIssuanceOfWarrants id="Tag111" contextRef="C553756" unitRef="USD" decimals="0">2000</us-gaap:ProceedsFromIssuanceOfWarrants>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="Tag112" contextRef="C553757" unitRef="Pure" decimals="4">0.0038</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="Tag113" contextRef="C553758" unitRef="Pure" decimals="4">0.0074</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
  <us-gaap:InvestmentIncomeInterestAndDividend id="Tag114" contextRef="C553633" unitRef="USD" decimals="0">2</us-gaap:InvestmentIncomeInterestAndDividend>
  <us-gaap:InvestmentIncomeInterestAndDividend id="Tag115" contextRef="C553634" unitRef="USD" decimals="0">5118</us-gaap:InvestmentIncomeInterestAndDividend>
  <us-gaap:NetRealizedOrUnrealizedGainLossOnTradingSecurities id="Tag116" contextRef="C553633" unitRef="USD" decimals="0">2267</us-gaap:NetRealizedOrUnrealizedGainLossOnTradingSecurities>
  <us-gaap:NetRealizedOrUnrealizedGainLossOnTradingSecurities id="Tag117" contextRef="C553634" unitRef="USD" decimals="0">-4238</us-gaap:NetRealizedOrUnrealizedGainLossOnTradingSecurities>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments id="Tag118" contextRef="C553633" unitRef="USD" decimals="0">-106319</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:EarningsPerShareBasicAndDiluted id="Tag119" contextRef="C553633" unitRef="USDPerShare" decimals="2">-0.03</us-gaap:EarningsPerShareBasicAndDiluted>
  <us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted id="Tag120" contextRef="C553633" unitRef="Shares" decimals="INF">3359055</us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
  <us-gaap:SalesRevenueNet id="Tag121" contextRef="C553634" unitRef="USD" xsi:nil="true" />
  <us-gaap:IncomeTaxExpenseBenefit id="Tag122" contextRef="C553633" unitRef="USD" xsi:nil="true" />
  <us-gaap:IncomeTaxDisclosureTextBlock id="Tag123" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 5.&lt;/font&gt;&lt;font style="margin-left: 06pt; text-decoration: underline;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Income Taxes&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;
&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Deferred income taxes are determined based upon differences between financial reporting and income tax bases of assets and liabilities and are measured using the enacted income tax rates and laws that will be in effect when the differences are expected to reverse. The Company recognizes any interest and penalties to unrecognized tax benefits as a component of income tax expense. &lt;/font&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;No federal current or deferred income taxes were recorded for the years ended December 31, 2014 and 2013, as the Company's income tax benefits were fully offset by a corresponding increase to the valuation allowance against its net deferred income tax assets. &lt;/font&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;The Tax Reform Act of 1986 limits the annual utilization of net operating loss and tax credit carry forwards, following an ownership change of the Company. Note that as a result of the Company's equity financings in recent years, the Company underwent changes in ownership for purposes of the Tax Reform Act. Pursuant to Sections 382 and 383 of the Internal Revenue Code, annual use of any of the Company's net operating loss carry forwards may be limited if cumulative changes in ownership of more than 50% occur during any three year period. &lt;/font&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;At December 31, 2014 and 2013, the Company had federal and state net operating loss carry forwards of $&lt;font&gt;410,000&lt;/font&gt; and $&lt;font&gt;297,000&lt;/font&gt;, respectively, available to offset future taxable income. These net operating loss carry forwards will expire in varying amounts beginning in 2023 through 2034. At December 31, 2014 and 2013, the Company had federal capital loss carry forwards of $&lt;font&gt;2,000&lt;/font&gt; available to offset future taxable gains. A capital loss carry forward expired on December 31, 2013.&lt;/font&gt;&lt;/p&gt;
&lt;p style="text-indent: 15pt; font-family: 'times new roman'; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;The components of income tax provision (benefit) are as follows: &lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.1px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: times new roman; font-size: 9pt; padding: 0px;" nowrap="nowrap" align="center"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Current income taxes:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap" colspan="3"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; Federal&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;State&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Total current income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Deferred income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Change in valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;br/&gt;
&lt;p style="margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's net deferred income taxes are as follows: &lt;/font&gt;&lt;/p&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.100000001490116px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Current deferred income tax assets&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left;" colspan="1"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Noncurrent deferred income tax assets:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net operating loss carryover difference&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;158,448&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;114,759&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Stock option compensation&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Unrealized losses on marketable securities&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,115&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;200,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;158,212&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Noncurrent deferred income tax liabilities:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Depreciation&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(227&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(200,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px;" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(157,985&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Due to uncertainty surrounding realization of the deferred income tax assets in future periods, the Company has recorded a 100% valuation allowance against its net deferred tax assets. If it is determined in the future that it is more likely than not that the deferred income tax assets are realizable, the valuation allowance will be reduced. &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;The reconciliation of the provision for income taxes for the years ended December 31, 2014 and 2013, and the amount computed by applying the U. S, Federal statutory income tax rate to net loss is as follows: &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;&lt;br/&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.100000001490116px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: times new roman; font-size: 9pt; padding: 0px;" nowrap="nowrap" align="center"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Tax provision (benefit) at statutory rate&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(37,739&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px;" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;State taxes, net of federal effect&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(5,062&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Expiration capital loss carry forward&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,689,934&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Other, net&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(2,725&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Change of valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Effective income provision (benefit)&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

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&lt;/div&gt;
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  <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock id="Tag154" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.1px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: times new roman; font-size: 9pt; padding: 0px;" nowrap="nowrap" align="center"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Current income taxes:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap" colspan="3"&gt;&amp;#160;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; Federal&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;State&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Total current income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Deferred income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Change in valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Provision (benefit) for income taxes&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="Tag155" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.100000001490116px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Current deferred income tax assets&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left;" colspan="1"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Noncurrent deferred income tax assets:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Net operating loss carryover difference&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;158,448&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;114,759&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Stock option compensation&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Unrealized losses on marketable securities&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,115&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;200,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;158,212&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Noncurrent deferred income tax liabilities:&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Depreciation&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(227&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(200,786&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px;" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(157,985&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #ffffff; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; font-family: times new roman; font-size: 9pt; padding: 0px; vertical-align: top; text-align: left;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;/td&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <us-gaap:OperatingLossCarryforwardsExpirationDate id="Tag156" contextRef="C553719">2023-12-31</us-gaap:OperatingLossCarryforwardsExpirationDate>
  <us-gaap:OperatingLossCarryforwardsExpirationDate id="Tag157" contextRef="C553718">2034-12-31</us-gaap:OperatingLossCarryforwardsExpirationDate>
  <us-gaap:TaxCreditCarryforwardAmount id="Tag158" contextRef="C553632" unitRef="USD" decimals="0">2000</us-gaap:TaxCreditCarryforwardAmount>
  <dei:DocumentPeriodEndDate id="Tag159" contextRef="C553633">2014-12-31</dei:DocumentPeriodEndDate>
  <dei:EntityWellKnownSeasonedIssuer id="Tag160" contextRef="C553633">No</dei:EntityWellKnownSeasonedIssuer>
  <dei:EntityFilerCategory id="Tag161" contextRef="C553633">Smaller Reporting Company</dei:EntityFilerCategory>
  <dei:EntityCommonStockSharesOutstanding id="Tag162" contextRef="C553759" unitRef="Shares" decimals="INF">3359055</dei:EntityCommonStockSharesOutstanding>
  <dei:DocumentFiscalPeriodFocus id="Tag163" contextRef="C553633">FY</dei:DocumentFiscalPeriodFocus>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate id="Tag164" contextRef="C553757" unitRef="Pure" decimals="2">0.00</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate>
  <us-gaap:EquityMethodInvestmentsDisclosureTextBlock id="Tag165" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 4.&lt;/font&gt;&lt;font style="margin-left:06pt"&gt;&lt;font style="text-decoration: underline;font-family: Times New Roman;" size="2"&gt;Investment in Morgan Group, Inc.&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;


&lt;br/&gt;





&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Upon Morgan's bankruptcy filing, the Company deconsolidated its investment, as the Company believes it no longer had controlling or significant influence. At December 31, 2007, the estimated value of Morgan's assets in liquidation was insufficient to satisfy its estimated obligations. On March 31, 2008, the bankruptcy proceeding was concluded and the bankruptcy court dismissed the proceeding. The Company received no value for its equity ownership.&lt;/font&gt;&lt;/p&gt;



&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="Tag166" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;



&lt;div&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 6.&lt;/font&gt;&lt;font style="margin-left:06pt"&gt;&lt;font style="text-decoration: underline;font-family: Times New Roman;" size="2"&gt;Commitments and Contingencies&lt;/font&gt;&lt;/font&gt;&lt;/div&gt;




&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;




&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;font style="font-family: Times New Roman;" size="2"&gt;From time to time the Company may be subject to certain asserted and unasserted claims. It is the Company's belief that the resolution of any such matters will not have a material adverse effect on its financial position. &lt;/font&gt;&lt;/p&gt;
&lt;p align="justify" style="margin-left: 35pt;"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;The Company has not guaranteed any of the obligations of Morgan and believes it currently has no commitment or obligation to fund any creditors.&lt;/font&gt;&lt;/p&gt;



&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:FairValueDisclosuresTextBlock id="Tag167" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Note 3.&lt;/font&gt;&lt;font style="margin-left: 06pt;"&gt;&lt;font style="text-decoration: underline; font-family: Times New Roman;" size="2"&gt;Fair Value of Financial Instruments&lt;/font&gt;&lt;/font&gt;
&lt;p style="margin-left: 35pt;"&gt;&lt;font style="font-size: 10pt; font-family: 'times new roman', times;"&gt;The Company measures fair value as the selling price that would be received for an asset, or paid to transfer a liability, in the principal market on the measurement date. The hierarchy established by the FASB prioritizes fair value measurements based on the types of inputs used in the valuation technique. The inputs are categorized into the following levels:&lt;/font&gt;&lt;br/&gt;&lt;/p&gt;
&lt;/div&gt;
&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160; &amp;#160; &amp;#160; &amp;#160;&amp;#160;&lt;/font&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt; padding-left: 30px;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Level 1 &amp;#150; Observable inputs such as quoted prices in active markets for identical assets or liabilities. &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt; padding-left: 30px;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Level 2 &amp;#150; Inputs other than quoted prices that are observable, either directly or indirectly, for identical or similar assets and liabilities in active or non-active markets; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liability. &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt; padding-left: 30px;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Level 3 &amp;#150; Unobservable inputs not corroborated by market data, therefore requiring the entity to use the best available information, including management assumptions. &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Market value was determined using Level 1 inputs, which are quoted&lt;/font&gt;&lt;i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/i&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;prices for identical securities in active markets.&lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;At December 31, 2014, there were no gross unrealized gains or losses. &lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 35pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;At December 31, 2013, the gross unrealized loss is as follows:&lt;/font&gt;&lt;/p&gt;
&lt;br/&gt;
&lt;div&gt;
&lt;div align="right"&gt;
&lt;table cellpadding="0" cellspacing="0" border="0" style="line-height: 14pt; border-collapse: collapse; width: 96%; margin-left: 0.100000001490116px;"&gt;

&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap" colspan="3"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Gross&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Estimated&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Cost&lt;/font&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Unrealized&lt;/font&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" colspan="3" align="center"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Fair&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-size: 9pt; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Description&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times new roman; font-size: 9pt; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Basis&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Losses&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid !important; padding: 0px; font-family: 'Times New Roman';" align="center" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Value&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Equity&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;280,095&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(4,238&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;275,857&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr&gt;
&lt;td style="background-color: #ffffff; padding: 0px; vertical-align: top; text-align: left; font-family: 'Times New Roman';" align="left"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left;" nowrap="nowrap" colspan="1"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&lt;/td&gt;
&lt;td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="right"&gt;&lt;/td&gt;
&lt;td style="vertical-align: bottom; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

&lt;/table&gt;
&lt;/div&gt;
&lt;/div&gt;
&lt;br/&gt;
&lt;p style="text-align: left; padding: 0px; margin-left: 35pt; margin-bottom: 0pt;" align="justify"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;While the above Estimated Fair Value was based on quoted prices (unadjusted) in active markets for identical assets at the reporting date, the quoted price was significantly impacted by an offer to acquire all of the outstanding of stock of that entity. The transactions closed subsequent to the reporting date at an amount in excess of the above Estimated Fair Value.&lt;/font&gt;&lt;/p&gt;
&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights id="Tag168" contextRef="C553755" unitRef="Shares" decimals="INF">200000</us-gaap:ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights>
  <us-gaap:GeneralAndAdministrativeExpense id="Tag169" contextRef="C553633" unitRef="USD" decimals="0">108588</us-gaap:GeneralAndAdministrativeExpense>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments id="Tag170" contextRef="C553634" unitRef="USD" decimals="0">-61809</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:EarningsPerShareBasicAndDiluted id="Tag171" contextRef="C553634" unitRef="USDPerShare" decimals="2">-0.02</us-gaap:EarningsPerShareBasicAndDiluted>
  <us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted id="Tag172" contextRef="C553634" unitRef="Shares" decimals="INF">3359055</us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
  <us-gaap:SalesRevenueNet id="Tag173" contextRef="C553633" unitRef="USD" xsi:nil="true" />
  <us-gaap:OperatingLossCarryforwards id="Tag174" contextRef="C553632" unitRef="USD" decimals="0">297000</us-gaap:OperatingLossCarryforwards>
  <us-gaap:CurrentStateAndLocalTaxExpenseBenefit id="Tag175" contextRef="C553633" unitRef="USD" xsi:nil="true" />
  <us-gaap:DeferredIncomeTaxExpenseBenefit id="Tag176" contextRef="C553634" unitRef="USD" decimals="0">-1687209</us-gaap:DeferredIncomeTaxExpenseBenefit>
  <us-gaap:DeferredTaxAssetsOperatingLossCarryforwards id="Tag177" contextRef="C553631" unitRef="USD" decimals="0">158448</us-gaap:DeferredTaxAssetsOperatingLossCarryforwards>
  <us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost id="Tag178" contextRef="C553631" unitRef="USD" decimals="0">42338</us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost>
  <us-gaap:DeferredTaxAssetsGross id="Tag179" contextRef="C553631" unitRef="USD" decimals="0">200786</us-gaap:DeferredTaxAssetsGross>
  <us-gaap:DeferredTaxAssetsValuationAllowance id="Tag180" contextRef="C553632" unitRef="USD" decimals="0">157985</us-gaap:DeferredTaxAssetsValuationAllowance>
  <us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate id="Tag181" contextRef="C553633" unitRef="USD" decimals="0">-37739</us-gaap:IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate>
  <us-gaap:IncomeTaxReconciliationOtherReconcilingItems id="Tag182" contextRef="C553633" unitRef="USD" xsi:nil="true" />
  <us-gaap:IncomeTaxReconciliationOtherAdjustments id="Tag183" contextRef="C553634" unitRef="USD" decimals="0">-2725</us-gaap:IncomeTaxReconciliationOtherAdjustments>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="Tag184" contextRef="C553633">&lt;div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"&gt;
&lt;div align="right"&gt;
&lt;table style="line-height: 14pt; border-collapse: collapse; width: 97%; margin-left: 0.100000001490116px;" border="0" cellspacing="0" cellpadding="0"&gt;

&lt;tr valign="bottom"&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt; &lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="8"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;December 31,&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt;" align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="center" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2014&lt;/font&gt;&lt;/td&gt;
&lt;td style="text-align: center; font-family: times new roman; font-size: 9pt; padding: 0px;" nowrap="nowrap" align="center"&gt;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;" align="center"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" align="center" nowrap="nowrap" colspan="3"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;2013&lt;/font&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Tax provision (benefit) at statutory rate&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="right" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(37,739&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; font-family: times new roman; font-size: 9pt; padding: 0px;" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;State taxes, net of federal effect&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(5,062&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Expiration capital loss carry forward&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;1,689,934&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Other, net&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(2,725&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td style="background-color: #ffffff; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;Change of valuation allowance&lt;/font&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;42,801&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="background-color: #c0c0c0; padding: 0px; font-family: 'Times New Roman';" align="left" nowrap="nowrap"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;(1,687,209&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; background-color: #c0c0c0; border-bottom: #000000 1pt solid !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;)&lt;/td&gt;
&lt;/tr&gt;
&lt;tr valign="bottom"&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: 'Times New Roman';" width="100%" align="left" nowrap="nowrap"&gt;&lt;font style="font-family: Times New Roman;" size="2"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Effective income provision (benefit)&lt;/font&gt;&lt;/td&gt;
&lt;td align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;td style="white-space: nowrap; padding-right: 5px;" align="left" nowrap="nowrap"&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; padding: 0px; font-size: 9pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;"&gt;&amp;#160;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;$&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap;" nowrap="nowrap" align="right"&gt;&lt;font&gt;--&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: Times New Roman; border-bottom: #000000 2.80pt double !important; padding: 0px; font-size: 9pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;" align="left"&gt;&lt;/td&gt;
&lt;/tr&gt;

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  <us-gaap:StockholdersEquity id="Tag202" contextRef="C553655" unitRef="USD" decimals="0">33591</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity id="Tag203" contextRef="C553656" unitRef="USD" decimals="0">5772368</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity id="Tag204" contextRef="C553657" unitRef="USD" decimals="0">-5510814</us-gaap:StockholdersEquity>
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  <us-gaap:NetIncomeLoss id="Tag206" contextRef="C553659" unitRef="USD" xsi:nil="true" />
  <us-gaap:NetIncomeLoss id="Tag207" contextRef="C553660" unitRef="USD" xsi:nil="true" />
  <us-gaap:SharesOutstanding id="Tag208" contextRef="C553663" unitRef="Shares" decimals="INF">3359055</us-gaap:SharesOutstanding>
</xbrli:xbrl>