0001504412-13-000096.txt : 20130329 0001504412-13-000096.hdr.sgml : 20130329 20130329172756 ACCESSION NUMBER: 0001504412-13-000096 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130329 DATE AS OF CHANGE: 20130329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOCIAL CUBE INC CENTRAL INDEX KEY: 0001065189 STANDARD INDUSTRIAL CLASSIFICATION: ABRASIVE ASBESTOS & MISC NONMETALLIC MINERAL PRODUCTS [3290] IRS NUMBER: 870502701 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24721 FILM NUMBER: 13728366 BUSINESS ADDRESS: STREET 1: 5670 WILSHIRE BOULEVARD, SUITE 760 CITY: LOS ANGELES STATE: CA ZIP: 90036 BUSINESS PHONE: 323-933-3500 MAIL ADDRESS: STREET 1: 5670 WILSHIRE BOULEVARD, SUITE 760 CITY: LOS ANGELES STATE: CA ZIP: 90036 FORMER COMPANY: FORMER CONFORMED NAME: LEXON TECHNOLOGIES INC DATE OF NAME CHANGE: 19990803 FORMER COMPANY: FORMER CONFORMED NAME: REXFORD INC DATE OF NAME CHANGE: 19980630 10-K 1 socialcube10k2012_10k.htm FORM 10K Converted by EDGARwiz


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-K


(Mark One)

 

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31, 2012



or




[  ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from ____________________ to ____________________


Commission File Number: 0-24721


SOCIAL CUBE INC.

(Formerly Lexon Technologies, Inc.)

(Exact name of registrant as specified in its charter)


Delaware

87-0502701

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)



5670 Wilshire Boulevard, Suite 760, Los Angeles, California

90036

(Address of principal executive offices)

(Zip Code)


Registrants telephone number, including area code: (323) 933-3500


Securities registered pursuant to Section 12(b) of the Act:


Title of each class

Name of each exchange on which registered

Common Stock

OTCBB


Securities registered pursuant to Section 12(g) of the Act:


Common Stock, par value $0.001 per share

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

[  ]Yes [X]No


Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [  ]Yes [X]No



Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [  ] No


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X]Yes [  ] No


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                                                             [X]


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):


Large accelerated filer   [   ]

 

 

 

Accelerated filer                     [   ]

 

 

Non-accelerated filer     [   ]

 

 (Do not check if a smaller reporting company)

 

Smaller reporting company    [X]

 



Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  

[  ]Yes  [X]No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity as of March 8, 2013: $19,124,023 based on the last quoted price of $4.90 per share (there is no current bid or ask price).  The stock is thinly and sporadically traded, therefore, the last quoted price may not be indicative of any actual value in the stock.  


State the number of shares outstanding of each of the issuers classes of common equity, as of March 8, 2013: 9,992,535 shares of common stock, $0.001 par value.

DOCUMENTS INCORPORATED BY REFERENCE

None.





1



Explanatory Note        None




2


TABLE OF CONTENTS


Part I

 

 

Page

Item 1.

Business

4

Item 1A.

Risk Factors

5

Item 1B.

Unresolved Staff Comments

5

Item 2.

Properties

5

Item 3.

Legal Proceedings

6

Item 4.

[Removed and Reserved]

5



Part II

Item 5.

Market for Registrants Common Equity, related Shareholder Matters and Issuer Purchases of Equity Securities

6

Item 6.

Selected Financial Data

7

Item 7.

Managements Discussion and Analysis of Financial Condition and Results of Operation

7

Item 7A.

Quantitative and Qualitative Disclosure about Market Risk

9

Item 8.

Financial Statements and Supplementary Data

10

Item 9.

Changes and Disagreements  with Accountants on Accounting and Financial Disclosure

26

Item 9A

Controls and Procedures

26

Item 9B

Other Information

27



Part III

Item 10

Directors, Executive Officers and Corporate Governance

27

Item 11

Executive Compensation

30

Item 12

Security Ownership of Certain Beneficial Owners, management and Related Stockholder Matters

31

Item 13

Certain Relationships and Related Transactions and Director Independence

32

Item 14

Principal Accounting Fees and Services

32

Item 15

Exhibits

34

 

Signatures

34




3



PART I


Item 1.Business.


History and Development of the Company


Lexon Technologies, Inc. ("the Company", "Lexon" or Social Cube) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation ("Lexon Semi" or formerly known as Techone Co., Ltd ("Techone")) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries.  


Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012.  From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.


On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won.  The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company.


The Companys Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Companys common stock at a ratio of 641:1 from 315,789,721 shares to 492,535issued and outstanding shares.


On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.


On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.


On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.


On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.


In November 30, 2011, the Company acquired 335,574 shares of Asianet Co., Ltd. From Liveplex Co., Ltd., a parent company, for a consideration of $1,500,000.  As a result of this subscription, the Company owns 73% of Asianet Co., Ltd.


On December 30, 2011, a majority of the Companys directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.


On January 31, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.


On February 6, 2012, a majority of the Companys directors and a majority of the Companys shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.


On February 16, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.


The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Companys corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to SOCC, effective as of April 2, 2012.





4


Business Overview


Current Business Model


After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming and social networking companies.  Social Cubes strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies.


Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX).   Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.


We conduct our business through two business segments as follows:


Social Cube Networks Co., Ltd.


We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines:  Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 and iDate.  


Social Cube Media.com, Inc.


We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States.


While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.


CompetitionWe compete primarily with other online and social networking and MMORPG developers, publishers and operators in Asia and the United States.  These include, but are not limited to, Entertainment Arts Inc., Zynga Inc., Activision Blizzard, Inc., NCSoft Corporation and Perfect World Co., Ltd.  We compete on the basis of the quality or features of our online games, our operational infrastructure and expertise and our ability to enhance our players experience through social networking.


Our Employees

 

As of March 4, 2013, the Company employed two full-time employees.


Item 1A.Risk Factors.


Not Applicable.


Item 1B.Unresolved Staff Comments.


None.


Item 2.Properties.


The Companys headquarters are located in Los Angeles, California.  The Company leases 2,119 square feet of office space at 5670 Wilshire Boulevard, Suite 760, Los Angeles, California 90036. The lease commenced on January 3, 2012 for a period of two years and the monthly rent was $5,297.50 for the first 12 months and $5,456.43 for the following 12 months of the lease.




5



Item 3.Legal Proceedings.


To the best knowledge of management, there are no pending legal proceedings against us.


The following two legal claims, which were instigated by the plaintiffs against the Company during the 2008 calendar year, have been fully settled.  


On July 14, 2008, Advanced Digital Technology Co. Ltd., a Korean corporation (ADT), filed a claim against Lexon and certain named individuals who are former officers of the Company.  The claim alleges breach of an agreement to settle an earlier dispute, involving ADT's investment of $150,000 in Lexon on or about January 16, 2007 and ADT's subsequent unilateral decision to rescind and demand a refund of this investment.  The total amount of damages claimed under the pending lawsuit is the investment amount of $150,000 plus filing costs, interest and attorney fees for an aggregate amount of $178,522.  On November 9, 2010, judgment was entered against Lexon Technologies for the amount of $206,547.95.  On approximately November 23, 2011, this case was settled for $205,000.  This settlement effectively concludes this legal proceeding.


On September 5, 2008, Vivien and David Bollenberg, a current shareholder (the Bollenbergs), filed a claim against Lexon and other third parties, including Byung Hwee Hwang (also referred to as "Ben Hwang") and other financial agents and institutions involved in the alleged fraudulent transaction.  The filed complaint alleges that Ben Hwang together with his representatives, including his accountant, escrow agent and real estate agent/broker, made certain representations to and solicited the Bollenbergs to make an investment in several companies and ventures including Lexon with the intent to misappropriate the solicited funds for personal use. The Bollenbergs allege that they invested a total of $1,500,000 among and between the various companies and ventures recommended by Ben Hwang, of which investment amount approximately $550,000 was invested in Lexon ($150,000 for 600,000 shares at $0.25 per share and $400,000 initially invested in Lexon Korea and later converted into 1,150,000 shares in Lexon for a total of 1,750,000 shares in Lexon). On April 1, 2011, after a trial was concluded, judgment was entered in favor of the Lexon Technologies whereby Lexon was not found liable for any causes of action brought by the Bollenbergs.  The Bollenbergs were served with a filed stamped copy of the judgment on June 2, 2011.  Thereafter, the Bollenbergs filed an appeal on December 2, 2011 and insisted that they were not served with the judgment on June 2, 2011 and filed the instant Motion to Vacate the Dismissal (or the Petition for Rehearing).  This appeal by the Bollenbergs was denied by the California Court of Appeals (4th District) in February 2012, officially concluding this legal proceeding.


Item 4.[Removed And Reserved.]


PART II


Item  5.  Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.


Bid and ask quotations for our common shares are routinely submitted by registered broker dealers who are members of the National Association of Securities Dealers on the NASD Over-the-Counter Electronic Bulletin Board. These quotations reflect inner-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions. The high and low bid information for our shares for each quarter for the last two years, so far as information is reported, through the quarter ended December 31, 2012, as reported by the Bloomberg Financial Network, are as follows:



2012 FISCAL YEAR


High


Low

First Quarter


$5.90


$5.90

Second Quarter


$5.90


$5.90

Third Quarter


$5.90


$5.90

Fourth Quarter


$5.90


$5.90



2011 FISCAL YEAR


High


Low

First Quarter


$5.99


$2.33

Second Quarter


$7.57


$2.52

Third Quarter


$6.63


$1.96

Fourth Quarter


$5.00


$0.05






6


Dividend Policy


We have never declared a cash dividend on our common stock and our Board of Directors does not anticipate that we will pay cash dividends in the foreseeable future. Any future determination to pay cash dividends will be at the discretion of our Board of  Directors and will depend upon our financial condition, operating results,  capital  requirements,  restrictions contained in our agreements and other factors which our Board of Directors deems relevant.


Securities Authorized For Issuance Under Equity Compensation Plans


None.


Recent Sales of Unregistered Securities


For the years ended December 31, 2012 and 2011, we issued the following securities without registration under the Securities Act of 1933, as amended. These securities were issued on the reliance of an exemption provided by Section 4(2) of the Securities Act.


On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.


On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.


Item 6.Selected Financial Data.


Not Applicable.


Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations.


You should read this section together with our financial statements and related notes thereto included elsewhere in this report.


We intend that our forward-looking statements be subject to the safe harbors created by the Securities and Exchange Act of 1934, as amended. The forward-looking statements are generally accompanied by words such as intend, anticipate, believe, estimate, expect and other similar words and statements and variations or negatives of these words. Our forward-looking statements are based on current expectations, forecasts and assumptions and are subject to risks, uncertainties and changes in condition, significance, value and effect. Such risks, uncertainties and changes in condition, significance, value and effect could cause our actual results to differ materially from our anticipated outcomes. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate. Therefore, we can give no assurance that the results implied by these forward-looking statements will be realized. The inclusion of forward-looking information should not be regarded as a representation by our company or any other person that the future events, plans or expectations contemplated by Social Cube Inc. will be achieved. We disclaim any intention or obligation to update or revise any forward-looking statements contained in the documents incorporated by reference herein, whether as a result of new information, future events or otherwise.


Overview


Lexon Technologies, Inc. ("the Company", "Lexon" or Social Cube) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation ("Lexon Semi" or formerly known as Techone Co., Ltd ("Techone")) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries.  


Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012.  From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.




7



On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won.  The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company.


The Companys Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Companys common stock at a ratio of 631:1 from 315,289,722 shares to 499,667 issued and outstanding shares.


On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.


On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.


On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.


On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.


In November 30, 2011, the Company acquired 335,574 shares of Asianet Co., Ltd. From Liveplex Co., Ltd., a parent company, for a consideration of $1,500,000.


On December 30, 2011, a majority of the Companys directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.


On January 31, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.


On February 6, 2012, a majority of the Companys directors and a majority of the Companys shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.


On February 16, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.


The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Companys corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to SOCC, effective as of April 2, 2012.


Business Overview


Current Business Model


After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming and social networking companies.  Social Cubes strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies.


Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX).   Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.


We conduct our business through two business segments as follows:


Social Cube Networks Co., Ltd.




8


We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines:  Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 and iDate.  


Social Cube Media.com, Inc.


We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States.



While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.



Summary of Results


Revenues. Total revenues during the year ended December 31, 2012 were $4,555,330 compared to $580,119 for the year ended December 31, 2011.   


Operating Expenses. Total operating expenses during the year ended December 31, 2012 were $1,207,159 in selling, general and administrative expenses compared to $448,146 for the year ended December 31, 2011.  


Other Income (Expense). Other expenses for the year ended December 31, 2012 was $126,588 which consisted of interest expense of $22,395, foreign currency translation loss of $52,965, loss on settlement of $20,000, loss on fixed assets impairment of $23,642, interest income of $206 and other expenses of $7,792, compared to $960,857 for the year ended in 2011 which consisted of interest expense of $1,284, foreign currency translation loss of $9,005, loss on goodwill impairment of $940,733, loss on website impairment of $229,429, gain from the lawsuit settlement of $218,992  and interest income of $602.

 

Liquidity and Capital Resources


At December 31, 2012, we had current assets of $1,622,241 and current liabilities of $1,290,032, for positive working capital of $332,209. Current assets consisted solely of cash and cash equivalents, accounts receivables, prepaid expenses and other current assets. We also had net property and equipment of $664,178, security deposits of $21,034 and intangibles, net of amortization of $548,082.


Current liabilities at December 31, 2012, consisted of accounts payable of $151,228, amounts due to related parties of $787,618, current portion of loan payable of $64,083, and other payables of $287,103, for total current liabilities of $1,290,032.  


For the year ended December 31, 2012, net cash flows used in operating activities totaled $276,086, compared to net cash flows provided by operating activities of $2,168,158 in the prior year.


For the year ended December 31, 2012, there was $205,131 cash used in investing activities compared to the net cash used in investing activities of $1,183,849 for the prior year.


Net cash used in financing activities for the year ended December 31, 2012 was $276,048, compared to net cash provided by financing activities of $124,364 for the prior year.



Off-balance Sheet Arrangement


We currently have no off-balance sheet arrangements.


Item 7a.Quantitative and Qualitative Disclosures about Market Risk.


Not Applicable.


Item 8.Financial Statements and Supplemental Data.








9



SOCIAL CUBE INC.

10-K

TABLE OF CONTENTS

FINANCIAL STATEMENTS




 

Page

Report of independent registered public accounting firm

10

Consolidated Balance Sheets as of December 31, 2012 and 2011

12

Consolidated Statements of Comprehensive Loss for the years ended December 31, 2012 and 2011

13

Consolidated Statements of Stockholders Equity for the years ended December 31, 2012 and 2011

15

Consolidated Statements of Cash flows for the years ended December 31, 2012 and 2011

16

Notes to the Financial Statements

18





10


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Stockholders of Social Cube Inc.



We have audited the accompanying consolidated balance sheets of Social Cube Inc. and subsidiaries (the Company) as of December 31, 2012 and 2011 and the related consolidated statements of operations and comprehensive loss, stockholders equity, and cash flows for the years then ended.  These financial statements are the responsibility of the Company's management.  Our responsibility is to express an opinion on these financial statements based on our audits.


We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  The Company is not required to have, nor were we engaged to perform, and audit of its internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting.  Accordingly, we express no such opinion.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.


In our opinion, such financial statements present fairly, in all material respects, the financial position of Social Cube Inc. and subsidiaries as of December 31, 2012 and 2011, and the results of their operations and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

 


/s/ Choi, Kim & Park LLP

 

Los Angeles, California

Certified Public Accountants

 

March 12, 2013






























11



SOCIAL CUBE INC.

Consolidated Balance Sheets

December 31, 2012 and 2011





ASSETS


December 31,

December 31,

 

2012

2011

Current assets:



Cash and cash equivalents

$

213,722

$

418,891

Accounts receivable, net

1,267,113

417,110

Prepaid expense

93,749

160,817

Other current assets

47,657

158,029




Total current assets

1,622,241

1,154,847




Property and equipment, net

664,178

1,272,919




Other assets:



Intangibles, net of amortization

548,082

831,441

Security deposits

21,034

-




Total other assets

569,116

831,441




Total Assets

$

2,855,535

$

3,259,207



The accompanying notes are an integral part of the financial statements






12


SOCIAL CUBE INC.

Consolidated Balance Sheets

December 31, 2012 and 2011


LIABILITIES AND STOCKHOLDERS EQUITY

 

December 31,

December 31,

 

 

2012

2011

 

Current liabilities:

 

 

 

Accounts payable

$

151,228 

$

723,569 

 

Due to related parties

787,618 

 

Current portion of loan payable

64,083 

126,650 

 

Accrued expenses

20,232 

 

Other payable

287,103 

40,485 

 

 



 

Total current liabilities

1,290,032 

910,936 

 

 



 

Long-term liabilities:



 

Loan payable, net of current portion

39,371 

53,454 

 

Pension plan benefit obligation

23,300 

92,062 

 

 



 

Total long-term liabilities

62,671 

145,516 

 

 



 

Total liabilities

1,352,703 

1,056,452 

 

 



 

Stockholders equity:



 

 



 

Common stock - $0.001 par value;



 

   30,000,000 shares authorized, 9,992,535 shares and outstanding



 

   as of December 31, 2012 and 2,000,000,000 shares authorized,



 

   9,992,535 issued and outstanding as of December 31, 2011

9,993 

9,993 

 

Additional paid-in capital

4,489,701 

4,489,701 

 

Stock subscription receivable

(300,000)

 

Accumulated deficit

(3,033,421)

(1,979,240)

 

Other comprehensive income

30,110 

17,935 

 

Noncontrolling interest

(6,449)

35,633 

 

 



 

Total stockholders equity

1,502,832 

2,202,756 

 

 



 

Total liabilities and stockholders equity

$

2,855,535 

$

3,259,207 

 




The accompanying notes are an integral part of the financial statements.



13



SOCIAL CUBE INC.

Consolidated Statements of Comprehensive Loss

For the Years Ended December 31, 2012 and 2011


 

For the Years Ended

 

December 31,

 

2012

2011

Net sales

 

 

      Sales from toner cartridges

 $                     -

 $              32,543

      Sales from game

            4,555,330

               547,576

Cost of goods sold

 

 

      Cost from toner cartridges

 -

 -

      Cost from game

            4,316,247

               450,942

Gross profits

               239,083

               129,177

Selling, general and administrative expenses

            1,207,159

               448,146

Loss from operations

              (968,076)

              (318,969)

 

 

 

Other income (expenses):

 

 

Gain on forgiveness of debt from discontinued operations

 -

 -

Gain from settlement

 -

               218,992

Interest income

                      206

                      602

Loss on settlement

                (20,000)

 -

Loss on website impairment

 -

              (229,429)

Loss on goodwill impairment

 -

              (940,733)

Loss on fixed assets impairment

                (23,642)

 -

Interest expense

                (22,395)

                  (1,284)

Foreign currency translation loss, net

                (52,965)

                  (9,005)

Other income(expense), net

                  (7,792)

 -

Net other income (expense)

              (126,588)

              (960,857)

Loss before income tax provision

           (1,094,664)

           (1,279,826)

Provision for income taxes

                  (1,600)

 -

Loss before noncontrolling interest in net loss of consolidated subsidiary

           (1,096,264)

           (1,279,826)

Less : Noncontrolling interest in net loss of consolidated subsidiary

                 42,082

                (13,646)

Net loss

($1,054,182)

($1,293,472)

 

 

 

Other Comprehensive Income

 

 

Other comprehensive Income

               11,725

               17,935

Comprehensive Loss

($1,042,457)

($1,275,537)

 

 

 

Earnings per share of common stock -Basic

 $                (0.10)

 $                (0.00)

Earnings per share of common stock - Diluted

 $                (0.10)

 $                (0.00)

 

 

 

Weighted average shares of common stock outstanding

            9,992,535

        292,687,341


The accompanying notes are an integral part of the financial statements.



14


SOCIAL CUBE INC.

Consolidated Statement of Stockholders' Equity

For the Years Ended December 31, 2012 and 2011



Common Stock


Additional

Paid-in

Capital


Retained Earnings (Accumulated

Deficit)


Stock           Subscription Receivable


Other Comprehensive Income


Non-controlling Interest


Total Stockholders

Equity


Shares


Amounts




















 


 






 

Balance at

510,789,721


$510,790


$3,088,905


         $ (685,768)


$(100,000)


-


-


$2,813,926

1-Jan-11
































Cancellation for

Paragon sales

(200,000,000)


(200,000)


(1,700,000)


-


-


-


-


(1,900,000)

















Acquisition of

intangibles with  

common stock

5,000,000


5,000


18,500


 -


 -


-


-


23,500

















Reverse split

(315,297,186)


(315,297)


291,796


-


-


-


-


(23,501)

















Subscription

receivable

-


-


-


-


100,000


-


-


100,000

















Subscription

receivable

-


-


-


-


(300,000)


-


-


(300,000)

















Issuance of

common stock for

subscription

9,500,000


9,500


2,790,500


-


-


-


-


2,800,000

















Distributions to stockholders for

The year 2011

-


-


-


-


-


-


-


-

















Foreign Currency

Translation

-


-


-


-


 -


17,935


(49,279)


(31,344)

















Net loss for

-


-


-


        (1,293,472)


 -


-


13,646


(1,279,826)

the year 2011
































Balance December

31, 2011

9,992,535


$9,993


$4,489,701


$(1,979,240)


$(300,000)


$17,935


$(35,633)


$2,202,756

















Subscription

receivable

-


-


-


-


300,000


-


-


300,000

















Distributions to stockholders for

The year 2012

-


-


-


-


-


-


-


-

















Foreign Currency

Translation

-


-


-


-


-


12,725


84,164


96,339

















Net loss for

-


-


-


        (1,054,182)


 -


-


(42,082)


(1,096,264)

the year 2011
































Balance December

31, 2012

9,992,535


$9,993


$4,489,701


$(3,033,422)


-


$30,110


$(6,449)


$1,502,832


The accompanying notes are an integral part of the financial statements.





15



SOCIAL CUBE INC.

Consolidated Statements of Cash Flows

For the Years Ended December 31, 2012 and 2011

 

For the Years Ended

 

December 31,

 

2012

2011

Cash flows from operating activities:

 

 

Net loss

$

(1,054,182)

$

(1,293,472)

Adjustments to reconcile net income



to net cash provided by (used in) operating activities:



 



                Non-controlling interest

(42,082)

13,646 

Depreciation and amortization

1,097,232 

159,239 

Gain from settlement

(218,667)

Loss on goodwill impairment

940,733 

Loss on website impairment

229,194 

Loss on settlement

20,000 

Loss on tangible assets impairment

23,642 

 



Changes in assets and liabilities:



Accounts receivable

(850,003)

(140,346)

Inventory

573,137 

Prepaid expense

67,068 

Goodwill

2,273,556 

Other current assets

110,372 

(300,846)

Other assets

(21,034)

20,748 

Accounts payable

215,277 

106,932 

Accrued expenses

(20,232)

(297,462)

Settlement payable

12,119 

Other liabilities

246,618 

132,547 

Deferred rent

(42,900)

Pension plan benefit obligation

(68,762)

Total adjustments

778,096 

3,461,630 

        Net cash provided by (used in) operating activities

(276,086)

2,168,158 




16


SOCIAL CUBE INC.

Consolidated Statements of Cash Flows

For the Years Ended December 31, 2012 and 2011


 



Cash flows from investing activities:



Due from related party

138,000 

Due to related party

34,690 

Sale of property

60,310 

Acquisition of property

(17,690)

(1,284,513)

Acquisition of intangible

(187,441)

(832,336)

Net cash used in investing activities

(205,131)

(1,883,849)

 



Cash flows from financing activities:



Bank overdraft

(20,454)

Net payments on notes payable

(43,527)

Payments on line of credit

(450,000)

Payments on capital lease obligations

(30,311)

Payments on loan payable

(76,650)

Issuance of common stock

899,999 

Foreign currency translation adjustment

52,698 

(31,344)

Stock subscription receivable

300,000 

(200,000)

Net cash provided by  financing activities

276,048 

124,364 

Net increase (decrease) in cash

(205,169)

408,673 

 



Cash at beginning of year

418,891 

10,218 

 



Cash at end of year

$

213,722 

$

418,891 

 



Supplemental disclosures:



Cash paid during the year:



Income taxes

$

1,600 

$

Interest expense

$

22,395 

$

1,284 



The accompanying notes are an integral part of the financial statements.





17



SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Note 1 - Nature of Business


Business Overview


Current Business


After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming, mobile gaming and social networking companies. Social Cubes strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies.


Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX). Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.


We conduct our business through two operating segments as follows:


Social Cube Networks Co., Ltd.


We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines: Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 and iDate.


Social Cube Media.com, Inc.


We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com, Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States.


While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.


New Business


We commenced development of a GPS location based social platform for smart phones and other mobile devices, which we expect to have launched in the fourth quarter 2012. While similar in functionality to foursquare, this social platform will provide more unique location-based online services and proprietary features. We believe that a successful product launch in a market undergoing proliferation of mobile devices and a broad acceptance of social platforms will provide a catalyst for new revenues and user growth beginning in fiscal year 2013.


In addition, the Company may generate revenues through the distribution in the United States of certain mobile games that are developed in Korea beginning in 2013.


Corporate History


Lexon Technologies, Inc. ("the Company", "Lexon" or Social Cube) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation ("Lexon Semi" or formerly known as Techone Co., Ltd ("Techone")) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries.




18


SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012. From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.


On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won. The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company.


The Companys Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Companys common stock at a ratio of 641:1 from 315,789,721 shares to 492,535 issued and outstanding shares.


On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.


On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.


On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.


On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.


Pursuant to a share subscription agreement dated November 30, 2011, the Company subscribed to 335,574 shares of Social Cube Networks Co., Ltd. (formerly Asianet Co., Ltd.), a company incorporated in the Republic of Korea, for a consideration of $1,500,000. As a result of this subscription, the Company owns 73% of Social Cube Networks Co., Ltd.


On December 30, 2011, a majority of the Companys directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.


On January 31, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.


On February 6, 2012, a majority of the Companys directors and a majority of the Companys shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.


On February 16, 2012, the Company filed a Certificate of Amendment to the Companys Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.


On March 22, 2012, a majority of all outstanding shares voted in favor of reducing the authorized shares of common stock of the Company from 2,000,000,000 shares to 30,000,000 shares.


The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Companys corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to SOCC, effective as of April 2, 2012.





19



SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011

Note 2 - Summary of Significant Accounting Policies


This summary of significant accounting policies of the Company is presented to assist in understanding the Companys financial statements. The financial statements and notes are representations of the Companys management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.


Principles of Consolidation


The consolidated financial statements include the accounts of Social Cube, Inc., Social Cube Networks Co., Ltd., a 73% owned subsidiary in Republic of Korea, and Social Cube Media.com, Inc., a wholly owned subsidiary in the State of California (collectively, the Company).  All significant inter-company balances and transactions have been eliminated in consolidation.  


Non-Controlling Interest


The result of operations attributable to the non-controlling interest is presented within equity and is shown separately from the Companys equity.


Use of Estimates


The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are primarily used for depreciation of property and equipment, amortization of intangible assets, allowances for doubtful accounts and inventory valuation. Actual results could differ from those estimates.


Revenue Recognition


The Company recognizes revenues from product sales when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred (or services have been rendered), the price is fixed or determinable, and collectability is reasonably assured. Revenue is not recognized until title and risk of loss have transferred to the customer. The shipping terms for the majority of the Companys revenue arrangements are FOB (free on board) destination. Revenue is recorded net of customer returns, allowances and discounts that occur under arrangements established with customers.


Online game revenue


The Company derives, and expects to continue to generate, most of our revenues from online game subscription revenue generated in the countries where our games are offered by us. The Company recognizes revenue in accordance with Accounting Standard Codification (ASC) 605, Revenue Recognition and other related pronouncements. Online game revenue is deferred until prepaid subscription cards are consumed by users.


Cash and Cash Equivalents


The Company considers all highly liquid investments purchased with original maturities of three months or less to be categorized as cash and cash equivalents.


Allowance for Doubtful Accounts


The allowance for doubtful accounts is computed based upon the managements estimate of uncollectible accounts and historical experience. The Company performs ongoing credit evaluations of its customers to estimate potential credit losses. Amounts are written off against the allowance in the period the Company determines that the receivable is uncollectible.




20


SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011



Property and Equipment


Property and equipment are stated at cost. The straight-line method is used to calculate depreciation over their estimated useful lives ranging as follows:


Automobile


3 to 5 years

Furniture & fixture


4 to 7 years

Leasehold improvement


5 years

Machinery and equipment


4 to 5 years


Leasehold improvements are depreciated to expense over the shorter of the life of the improvement or the remaining lease term. Capital expenditures that enhance the value or materially extend the useful life of the related assets are reflected as additions to property and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Upon a sale or disposition of assets, a gain or a loss is included in the statement of operations.


Impairment of Long-lived Assets


The Company periodically reviews the recoverability of its long-lived assets using the methodology prescribed in accounting guidance now codified as FASB ASC Topic 360, Property, Plant and Equipment. The Company also reviews these assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on managements best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. In managements opinion, no such impairment existed as of December 31, 2012 and December 31, 2011.


Goodwill - The Company accounts for intangible assets in accordance with the ASC 350, Intangibles - Goodwill and Other. ASC 350 requires that goodwill no longer be amortized, but instead be tested for impairment at least annually. Additionally, ASC 350 requires that recognized intangible assets be amortized over their respective estimated lives and reviewed for impairment in accordance with ASC 360, Property, Plant, and Equipment. Any recognized intangible assets determined to have an indefinite useful lives will not be amortized, but instead tested for impairment until its life is determined to no longer be indefinite. ASC 350 requires that the values of intangible assets be tested for impairment on at least an annual basis, by comparing the fair value of the assets to their carrying amounts. As a result of the impairment testing, the Company determined that goodwill was significantly impaired due to sales of Paragon Toner division. In managements opinion, no goodwill existed as of December 31, 2012 and December 31, 2011.


Accrued Expenses


The Companys accrued expenses consist of amounts payable for professional fee, corporate income tax and interest.


Income Taxes


The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated based on a more likely than not standard, and to the extent this threshold is not met, a valuation allowance is recorded. See Note 10 Income Taxes for more information about the Companys income taxes.




21



SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Recent Accounting Pronouncements


Indefinite-lived intangible assets impairment


In July 2012, the FASB issued an update to the authoritative guidance related to testing indefinite-lived intangible assets for impairment. This update gives an entity the option to first consider certain qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative impairment test. This update is effective for the indefinite-lived intangible asset impairment test performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. We do not expect that the adoption of this guidance will have a material impact on our consolidated financial statements.


Fair value measurements and disclosures


Effective January 1, 2012, we adopted an update to the accounting rules for fair value measurement. The new accounting principal establishes a consistent definition of fair value in an effort to ensure that the fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards (IFRS) are comparable. This update changes certain fair value measurement principles and enhances the disclosure requirements for fair value measurements. This update does not extend the use of fair value accounting, but provides guidance on how it should be applied where its use was already required or permitted by other standards within U.S. GAAP or IFRS. This update is effective for interim and annual periods beginning after December 15, 2011 and is applied prospectively. The adoption of this pronouncement did not have a material impact on the Companys Consolidated Financial Statements and accompanying disclosures.


Statement of comprehensive income


Effective January 1, 2012, we adopted the FASB issued authoritative guidance on the presentation of comprehensive income. This update requires that all non-owner changes in stockholders equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This update does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The adoption of this pronouncement did not have a material impact on the Companys Consolidated Financial Statements and accompanying disclosures.


Note 3 Accounts Receivable


As of December 31, the Company has account receivable as follows:



2012

2011

Receivable from game sales

$

1,143,802

$

414,988

Other receivable

123,311

2,122


1,267,113

417,110

Less: Allowance for bad debt expense

-

-

Accounts receivable, net

$

1,267,113

$

417,110



Note 4 Prepaid expense


The Companys prepaid expenses consist of amounts prepaid for license, equipment rental, webpage, and design of Companys logo.




22


SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Note 5 - Property and Equipment


Property and equipment consist of the following as of December 31:


 

2012

2011

Automobile

$

145,121 

$

145,121 

Furniture and fixture

14,270 

Leasehold improvement

1,100 

Machinery and equipment

1,319,879 

1,317,559 


1,480,370 

1,317,825 

Less: Accumulated depreciation

(816,192)

(189,762)

Property and equipment, net

$

664,178 

$

1,272,919 



Depreciation expense amounted to $626,430 and $11,595 for the years ended December 31, 2012 and 2010, respectively.


Note 6 - Intangibles


Intangibles consist of the following as of December 31:





The Company amortizes its software, license, and flash game over the estimated useful life of four years. Amortizable intangible assets are tested for impairment when impairment indicators are present, and, if impaired, written down to fair value based on either discounted cash flows or appraised values. As a result of the impairment testing, the Company determined that intangibles were not impaired as of December 31, 2012 and December 31, 2011.


Note 7 - Transactions with Related Parties


Advances from the stockholder are unsecured, non-interest bearing and due on demand. The Company has $787,618 and $0 due to related parties as of December 31, 2012 and 2011, respectively.


 

2012

2011




Software

$

46,088 

$

54,910 

License

1,027,925 

831,662 

Flash Game

1,597 

1,597 


1,075,610 

888,169 

Less: Accumulated amortization

(527,528)

(56,728)




Intangibles, net

$

548,082 

$

831,441 






23



SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Note 8 - Loan Payable


As of December 31, the Company has loan payable as follows:



2012

2011

A auto loan payable to a bank, due in monthly installments of $1,346, including interest at 4.39% as of December 31, 2012. The final payment for the loan is scheduled on June 27, 2016.   

$

53,454 

$

18,104 

A loan payable to Playon Interactive, Inc., due on September 12, 2013, including interest at 11.0%.

50,000 




Less: Current portion

(64,083)

(126,650)




Loan payable, net of current

$

39,371 

$

53,454 


Note 9 - Commitments and Contingencies


Legal Proceedings


There are no pending legal proceedings against the Company.


The following two legal claims, which were instigated by the plaintiffs against the Company during the 2008 calendar year, have been fully settled.


On July 14, 2008, Advanced Digital Technology Co. Ltd., a Korean corporation (ADT), filed a claim against Lexon and certain named individuals who are former officers of the Company. The claim alleges breach of an agreement to settle an earlier dispute, involving ADT's investment of $150,000 in Lexon on or about January 16, 2007 and ADT's subsequent unilateral decision to rescind and demand a refund of this investment. The total amount of damages claimed under the pending lawsuit is the investment amount of $150,000 plus filing costs, interest and attorney fees for an aggregate amount of $178,522. On November 9, 2010, judgment was entered against Lexon Technologies for the amount of $206,547.95. On approximately November 23, 2011, this case was settled for $205,000. This settlement effectively concludes this legal proceeding.


On September 5, 2008, Vivien and David Bollenberg, a current shareholder (the Bollenbergs), filed a claim against Lexon and other third parties, including Byung Hwee Hwang (also referred to as "Ben Hwang") and other financial agents and institutions involved in the alleged fraudulent transaction. The filed complaint alleges that Ben Hwang together with his representatives, including his accountant, escrow agent and real estate agent/broker, made certain representations to and solicited the Bollenbergs to make an investment in several companies and ventures including Lexon with the intent to misappropriate the solicited funds for personal use. The Bollenbergs allege that they invested a total of $1,500,000 among and between the various companies and ventures recommended by Ben Hwang, of which investment amount approximately $550,000 was invested in Lexon ($150,000 for 600,000 shares at $0.25 per share and $400,000 initially invested in Lexon Korea and later converted into 1,150,000 shares in Lexon for a total of 1,750,000 shares in Lexon). On April 1, 2011, after a trial was concluded, judgment was entered in favor of the Lexon Technologies whereby Lexon was not found liable for any causes of action brought by the Bollenbergs. The Bollenbergs were served with a filed stamped copy of the judgment on June 2, 2011. Thereafter, the Bollenbergs filed an appeal on December 2, 2011 and insisted that they were not served with the judgment on June 2, 2011 and filed the instant Motion to Vacate the Dismissal (or the Petition for Rehearing). This appeal by the Bollenbergs was denied by the California Court of Appeals (4th District) in February 2012, officially concluding this legal proceeding.






24


SOCIAL CUBE INC.

Notes to Consolidated Financial Statements

December 31, 2012 and 2011


Note 10 - Income Taxes

 

Significant components of deferred tax assets are as follows:

 


Years Ended December 31,


2012

2011

 

Loss carry forwards

$

2,761,612 

$

2,281,612 

 

Other

229,720 

229,720 

 

Total deferred tax asset

2,991,332 

2,511,332 

 




 

Valuation allowance

$

(2,991,332)

$

(2,991,332)

 

Total deferred tax asset, net

$

$

 


 

As of December 31, 2012, the Company had approximately $4,900,000 of net operating loss (NOL) carryforwards for U.S. federal income tax purposes expiring in 2020 through 2030. In addition, the Company has California state NOL carryforwards of approximately $3,400,000 expiring in 2013 through 2020.  


The ability to realize the tax benefits associated with deferred tax assets, which includes benefits related to NOLs, is principally

dependent upon the Companys ability to generate future taxable income from operations.  The Company has provided a full valuation allowance for its net deferred tax assets due to the Companys net operating losses.  The valuation allowance has increased by $480,000 during 2012.


Section 382 of the Internal Revenue Code (IRC) imposes limitations on the use of NOLs and credits following changes in ownership as defined in the IRC. The limitation could reduce the amount of benefits that would be available to offset future taxable income each year, starting with the year of an ownership change.


 Note 11 Subsequent Events


Management has evaluated subsequent events through the date of issuance of the financial data included herein. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-K or would be required to be recognized in the Consolidated Financial Statements as of December 31, 2012.







25



Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.


None.


Item 9A.Controls and Procedures.


(a)

Evaluation of Disclosure Controls and Procedures

 

We do not maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports pursuant to the Securities Exchange Act, of 1934, as amended, or the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in the rules and forms, and that such information is accumulated and communicated to us, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.


As required by Rules 13a-15(b) of the Exchange Act, an evaluation as of December 31, 2011 was conducted under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based upon that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective as of December 31, 2012 for the reasons discussed below.  

 

(b)

Report of Management on Internal Control over Financial Reporting

 

We are responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act. Under the supervision and with the participation of our management including our chief executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, or COSO


Based on our evaluation under the Internal Control-Integrated Framework, our chief executive officer and chief financial officer concluded that our internal control over financial reporting were not effective as of December 31, 2011 for the following reasons:


1. We do not yet have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act and will be applicable to us for the year ending December 31, 2012. The Certifying Officers evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.


2. We do not have a sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. The Certifying Officers evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.


To remediate the material weaknesses in our disclosure controls and procedures identified above, in addition to working with our independent auditors, we have continued to refine our internal procedures to begin to implement segregation of duties and to prepare a written documentation of our internal control policies and procedures.


This Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestation by our independent registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only managements report in this Annual Report.


(c)

Changes in Internal Control over Financial Reporting

 



26


There have been no other changes in our internal control over financial reporting that occurred during the period covered by this Annual Report on Form 10-K for the year ended 2012, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.


Item 9B.Other Information.


None.


PART III


 

Item 10.

    Directors, Executive Officers and Corporate Governance

Directors and Executive Officers


The following table sets forth certain information relating to our directors and executive officers as of March 12, 2012. The business address of all of our directors and executive officers is our registered office at 5670 Wilshire Boulevard, Suite 760, Los Angeles, CA 90036.


Name

 

Age

 

Position

 

 

 

 

 

Byung Jin Kim

 

36

 

Chief Executive Officer and Chairman of the Board of Directors

Eugene Lee


36

 

Director

Jonathan Lee

Kyu Seok Lee             

 

40

42

 

Chief Financial Officer

Director



Byung Jin Kim has been a Director and Chairman of the Board of Directors of the Company since November 2011 and the Chief Executive Officer of the Company since January 2012.  Mr. Kim is also serving as the Chairman and Chief Executive Officer of Liveplex Co., Ltd. based in Seoul, Korea.  Mr. Kim received the national award for one of the top venture businesses of Korea in 2011.  He formerly served as the Chief Executive Officer of Livecode Co., Ltd. and MobileOne Communications Co., Ltd., and was also a technical advisor of Human and Technology Co., Ltd. after founding Gamenix Co., Ltd.  Mr. Kim received a B.S. in Business Administration from The Cyber University of Korea.


Eugene Lee has been a Director of the Company since November 2011.  Ms. Lee is also the current Chief Executive Officer of Gameclub.com Inc. and oversees all of its operations. Ms. Lee received a B.A. from Sangmyung University.


Jonathan Lee has been the Chief Financial Officer of the Company since January 2012.  Mr. Lee previously served as the Chief Financial Officer of Gravity Co., Ltd. (NasdaqGM: GRVY), a global developer and publisher of MMORPG and casual online games, where he improved the companys financial performance and corporate governance from 2007 to 2009.   Mr. Lee was a founding member and a Vice President at Littauer Technologies, Inc. from 1999 to 2001, a KOSDAQ listed holding company with majority-stake investments in over 40 Internet and IT related portfolio companies in Asia.  Mr. Lee was also associated with the M&A and direct investment groups at Dresdner Kleinwort Wasserstein and Meritz Securities Co., Ltd.  Mr. Lee received an M.B.A from the University of Chicago, Booth School of Business, J.D. from the University of Pennsylvania and B.S. from the Massachusetts Institute of Technology.   


Kyu Seok Lee has been a Director of the Company since November 2011.  Mr. Lee is the former President of Bichuri Inc. and serves as a Director of Unwave & Co.


Compliance with Section 16(a) of the Exchange Act


Section 16(a) of the Securities and Exchange Act of 1934, as amended, requires our directors and certain officers, as well as persons who own more than 10% of a registered class of our equity securities, (Reporting Persons) to file reports of ownership and changes in ownership on Forms 3, 4 and 5 with the Securities and Exchange Commission. To the best of our knowledge, we believe that all Reporting Persons have complied on a timely basis with all filing requirements applicable to them.

Director Qualifications



27



We believe that our Board of Directors should encompass a diverse range of talent, skill and expertise sufficient to provide sound and prudent guidance with respect to our operations and interests. Each director also is expected to: exhibit high standards of integrity, commitment and independence of thought and judgment; use his or her skills and experiences to provide independent oversight to our business; participate in a constructive and collegial manner; be willing to devote sufficient time to carrying out their duties and responsibilities effectively; devote the time and effort necessary to learn our business; and represent the long-term interests of our Shareholders. Furthermore, we believe our Board of Directors should be comprised of persons with skills in areas such as: finance, online social gaming and social networking, leadership of business organizations and legal matters.

In addition to the targeted skill areas as noted above, we endeavor to select members of our Board of Directors which have a strong record of achievement in key knowledge areas that are critical for directors to add value to our Board of Directors, including:

·

Strategy knowledge of our business model, the formulation of corporate strategies, knowledge of key competitors and markets;


·

Relationships understanding how to interact with investors, accountants, attorneys, management companies, and markets in which we operate; and


·

Functional understanding of finance matters, financial statements and auditing procedures, technical expertise, legal issues and marketing.


Corporate Governance


Director Attendance at Meetings of the Board of Directors


Each of our incumbent directors attended at least 75.0% of the aggregate total number of meetings of our Board of Directors held during the period for which he served as a director.


Director Attendance at Annual Meetings of the Shareholders


Although we have no policy with regard to attendance by the members of our Board of Directors at our annual meetings, we invite and encourage the members of our Board of Directors to attend our annual meetings to foster communication between Shareholders and our Board of Directors.


Stockholder Communication with the Board of Directors


Any stockholder who desires to contact members of our Board of Directors, or a specified committee of our Board of Directors, may do so by writing to: Social Cube Inc., Board of Directors, 5670 Wilshire Boulevard, Suite 760, Los Angeles, CA 90036, Attention: Chief Executive Officer. Communications received will be distributed by our Chief Executive Officer to such member or members of our Board of Directors as deemed appropriate by our Chief Executive Officer, depending on the facts and circumstances outlined in the communication received.


Board Leadership Structure; Lead Director


Byung Jin Kim serves as both our Chairman of the Board of Directors and Chief Executive Officer. Our Board of Directors has determined that the most effective leadership structure for our company at the present time is for our Chief Executive Officer to also serve as our Chairman of the Board of Directors. Our Board believes that because our Chief Executive Officer is ultimately responsible for our day-to-day operations and for executing our business strategy, and because our performance is an integral part of the deliberations of our Board of Directors, our Chief Executive Officer is the director best qualified to act as Chairman of the Board of Directors. Our Board of Directors retains the authority to modify this structure to best address our unique circumstances, and so advance the best interests of all shareholders, as and when appropriate. In addition, although we do not have a lead independent director, our Board of Directors believes that the current structure is appropriate, due to the current size of our operations.


Our Board of Directors also believes, for the reasons set forth below, that its existing corporate governance practices achieve independent oversight and management accountability, which is the goal that many companies seek to achieve by separating the roles of Chairman of the Board of Directors and Chief Executive Officer. Our governance practices provide for strong independent leadership, independent discussion among directors and for independent evaluation of, and communication with, members of senior management.




28


Committees of our Board of Directors


We have no standing committees of our Board of Directors at the current time, which is again due to the size of our operations. From time to time, our Board of Directors may establish committees it deems appropriate to address specific areas in more depth than may be possible at a full Board of Directors meeting. As our company grows, we plan to establish an audit committee, compensation committee and nominating and corporate governance committee.  The functions that these committees will perform are currently being performed by our entire Board.


Director Nomination Procedures and Diversity


As outlined above, in selecting a qualified nominee, our Board of Directors considers such factors as it deems appropriate, which may include: the current composition of our Board of Directors; the range of talents of a nominee that would best complement those already represented on our Board of Directors; the extent to which a nominee would diversify our Board of Directors; a nominees standards of integrity, commitment and independence of thought and judgment; a nominees ability to represent the long-term interests of our shareholders as a whole; a nominees relevant expertise and experience upon which to be able to offer advice and guidance to management; a nominee who is accomplished in his or her respective field, with superior credentials and recognition; and the need for specialized expertise. While we do not have a formal diversity policy, we believe that the backgrounds and qualifications of our directors, considered as a group, should provide a significant composite mix of experience, knowledge and abilities that will allow our Board of Directors to fulfill its responsibilities. Applying these criteria, our Board of Directors considers candidates for membership on our Board of Directors suggested by its members, as well as by our Shareholders. Members of our Board of Directors annually review our Board of Directors composition by evaluating whether our Board of Directors has the right mix of skills, experience and backgrounds. Our Board of Directors may also consider an assessment of its diversity, in its broadest sense, reflecting, but not limited to, age, geography, gender and ethnicity.


Our Board of Directors identifies nominees by first evaluating the current members of our Board of Directors willing to continue in service. Current members of our Board of Directors with skills and experience relevant to our business and who are willing to continue in service are considered for re-nomination. If any member of our Board of Directors does not wish to continue in service or if our Board of Directors decides not to nominate a member for re-election, our Board of Directors will review the desired skills and experience of a new nominee in light of the criteria set forth above.


Our Board of Directors also considers nominees for our Board of Directors recommended by Shareholders. Notice of proposed stockholder nominations for our Board of Directors must be delivered in accordance with the requirements set forth in our bylaws and SEC Rule 14a-8 promulgated under the Securities Exchange Act of 1934, as amended, or the Exchange Act. Nominations must include the full name of the proposed nominee, a brief description of the proposed nominees business experience for at least the previous five years and a representation that the nominating stockholder is a beneficial or record owner of our common stock. Any such submission must be accompanied by the written consent of the proposed nominee to be named as a nominee and to serve as a director if elected. Nominations should be delivered to: Social Cube Inc., Board of Directors, 5670 Wilshire Boulevard, Suite 760, Los Angeles, CA 90036, Attention: Chief Executive Officer.


Our Board of Directors will recommend the slate of directors to be nominated for election at the annual meeting of shareholders. We have not and do not currently employ or pay a fee to any third party to identify or evaluate, or assist in identifying or evaluating, potential director nominees.


Board of Directors Role in Risk Oversight


Our Board of Directors oversees our shareholders interest in the long-term success of our business strategy and our overall financial strength.


Our Board of Directors is actively involved in overseeing risks associated with our business strategies and decisions. It does so, in part, through its approval of all acquisitions and business-related investments and all assumptions of debt, as well as its oversight of our executive officers pursuant to annual reviews. Our Board of Directors is also responsible for overseeing risks related to corporate governance and the selection of nominees to our Board of Directors.


In addition, the Board reviews the potential risks related to our financial reporting. The Board meets with our Chief Financial Officer and with representatives of our independent registered public accounting firm on a quarterly basis to discuss and assess the risks related to our internal controls.


Code of Business Conduct and Ethics


We have not adopted a Code of Ethics.




29



Compensation of Directors


Our directors do not receive any cash compensation, but are entitled to reimbursement of their reasonable expenses incurred in attending directors meetings.


Item 11.

Executive Compensation.



 


The following table sets forth information concerning all cash and non-cash compensation awarded to, earned by or paid to the named persons for services rendered in all capacities during the noted periods. No executive officer received total annual salary and bonus compensation in excess of $100,000 during the fiscal year ended December 31, 2012.


Summary Compensation Table


Name and Principal Position (1)

Year

Salary ($)

Bonus($)

Stock Awards($)

Option Awards ($)

Non-EquityIncentive Plan Compensation($)

Change in Pension Value and Nonqualified Deferred Compensation Earnings($)

All Other Compensation ($)

Total ($)

James Park, CEO

2010

$ 106,000

$

-

$

-

$

-

$

-

$

-

$

-

$ 106,000


2011

$14,000

$

-

$

-

$

-

$

-

$

-

$

-

$14,000











Young Wong, COO

2010

$ 90,000

$

-

$

-

$

-

$

-

$

-

$

-

$ 90,000


2011

$ 18,000







$ 18,000

Bong S. Park, CFO

2010

$ 82,000

$

-

$

-

$

-

$

-

$

-

$

-

$ 82,000


2011

$18,000

$

-

$

-

$

-

$

-

$

-

$

-

$18,000

Jonathan Lee,

CFO

2012

$120,000

$

-

$

-

$

-

$

-

$

-

$

-

$120,000


___________________


(1)

All of the above named executives except Jonathan Lee had resigned from their positions on November 25, 2011. A majority of the Companys directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.


Compensation Committee Interlocks and Insider Participation

 

During the last fiscal year we did not have a standing Compensation Committee. The Board was responsible for the functions that would otherwise be handled by the compensation committee.  


Indemnification of Directors and Executive Officers and Limitation of Liability


The General Corporation Law of Delaware, Section 102(b)(7) provides that directors, officers, employees or agents of Delaware corporations are entitled, under certain circumstances, to be indemnified against expenses (including attorneys fees) and other liabilities actually and reasonably incurred by them in connection with any suit brought against them in their capacity as a director, officer, employee or agent, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, and with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct was unlawful. This statute provides that directors, officers, employees and agents may also be indemnified against expenses (including attorneys fees) actually and reasonably incurred by them in connection with a derivative suit brought against them in their capacity as a director, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made without court approval if such person was adjudged liable to the corporation




30


Compensation Discussion and Analysis


None.


Compensation Pursuant to Plans


None.


Pension Table


Not Applicable.

 

Other Compensation


None.


Executive Employment Agreements


None.

 



 

Item 12.  

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.


The following table sets forth as of March 12, 2013 the name and address and the number of shares of our Common Stock, par value $0.001 per share, held of record or beneficially by each person who held of record, or was known by us to own beneficially, more than 5% of the shares of our Common Stock issued and outstanding. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes securities over which a person has voting or investment power and securities that a person has the right to acquire within 60 days.


Name and Address of Beneficial Owner (1)

Number ofSharesBeneficiallyOwned

PercentageBeneficiallyOwned




Liveplex Co., Ltd.

6,000,000

60.0%

Senderbell Holdings Limited

900,000

9.0%

Treasure Chest Holdings Limited

900,000

9.0%

Blueberry Enterprises Limited

900,000

9.0%

Hockworth Holdings Limited

800,000

8.0%




________________


(1)

C/o Social Cube Inc., 5670 Wilshire Boulevard, Suite 760, Los Angeles, CA 90036


Securities Ownership of Officers and Directors


The following table sets forth certain information relating to the shareholdings of our former and existing Executives and Directors as of March 12, 2013.  



Name and Address of Beneficial Owner (1)

Number ofSharesBeneficiallyOwned

PercentageBeneficiallyOwned

Management and Directors



Young Won (former COO and former Director)

51,237

0.51%

Hyung Soon Lee (former Director)

45,688

0.46%

Jonathan Lee, CFO

7,924

0.08%

Total of Management and Directors

104,849

1.05%

___________________


(1)

C/o Social Cube Inc., 5670 Wilshire Boulevard, Suite 760, Los Angeles, CA 90036.



31



Item 13.Certain Relationships and Related Transactions, and Director Independence.



 

Director Independence


We have a three-member Board of Directors. Due to the size of our company and the difficulty in finding directors that are competent or have experience in our industry, none of our directors can be deemed an independent director.


While our stock is not listed on the New York Stock Exchange, none of our independent directors would qualify as independent under the rules of the New York Stock Exchange.

Transactions with Related Persons

For the years ended December 31, 2011 and 2012, the Company had the transactions which involved related persons. Please refer to Note 1.

Item 14.Principal Accounting Fees and Services.

Choi, Kim & Park LLP (CKP) was our independent auditor and examined our financial statements for the years ended December 31, 2011 and December 31, 2012.  


Audit Fees


CKP was paid aggregate fees of $51,000 for the year ended December 31, 2012 for professional services rendered for the reviews of the financial statements included in our annual report on Form 10-K and quarterly reports on Form 10-Q during this period.


CKP was paid aggregate fees of $74,000 for the year ended December 31, 2011 for professional services rendered for the reviews of the financial statements included in our annual report on Form 10-K and quarterly reports on Form 10-Q during this period.


Audit-Related Fees


CKP was not paid additional fees for either the year ended December 31, 2011, or the fiscal year ended December 31, 2012 for assurance and related services reasonably related to the performance of the audit or review of our financial statements.


All Other Fees


CKP was not paid any other fees for professional services during the year ended December 31, 2011 or the fiscal year ended December 31, 2012. 


Auditor Independence


The Board of Directors has considered whether the provision of the above noted services is compatible with maintaining our independent registered public accounting firms independence and has concluded that the provision of such services has not adversely affected the independent registered public accounting firms independence.


The information required by this Item is incorporated by reference to our definitive proxy statement to be filed with respect to our 2012 annual meeting of stockholders.


Item 15.Exhibits, Financial Statement Schedules.


(a)(1) Financial Statements:


The consolidated financial statements and the related notes are included in Item 8 herein.


 

(a)(2) Financial Statement Schedule:

 


All schedules have been omitted as the required information is inapplicable or the information is presented in the consolidated financial statements or related notes.

 




32


(a)(3) Exhibits:

 


The exhibits listed on the Exhibit Index (following the signatures section of this report) are included, or incorporated by reference, in this annual report.

 


(b) Exhibits:

 


See Item 15(a)(3) above.

 


(c) Financial Statement Schedule:

 


All schedules have been omitted as the required information is inapplicable or the information is presented in the consolidated financial statements or related notes.




SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los Angeles, State of California on the 22nd_day of March, 2013.


SOCIAL CUBE INC.

 ______________________________

 REGISTRANT


/s/ Byung Jin Kim

___________________

By: Byung Jin Kim

Chief Executive Officer


Date: March 29, 2013


/s/ Jonathan Lee

___________________

By: Jonathan Lee

Chief Financial Officer


Date: March 29, 2013


Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.


Signature                  

 Title                                   


/s/ Byung Jin Kim

Chief Executive Officer and Chairman

_______________________

(principal executive officer)

By: Byung Jin Kim


Date: March 29, 2013


/s/ Jonathan Lee

Chief Financial Officer

_______________________

(principal financial officer)

By: Jonathan Lee


Date: March 29, 2013


/s/ Eugene Lee

Director

_______________________



33



By: Eugene Lee


Date: March 29, 2013


/s/ KyuSeok Lee

Director

_______________________

By: KyuSeok Lee


Date: March 29, 2013


EXHIBIT INDEX


 

Pursuant to Item 601(a)(2) of Regulation S-K, this Exhibit Index immediately precedes the exhibits.

 


The following exhibits are included, or incorporated by reference; in this Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (and are numbered in accordance with Item 601 of Regulation S-K).


EXHIBIT

NUMBERDESCRIPTION


21.1* List of Subsidiaries


31.1* Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of  2002.


31.2* Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley  Act  of  2002.


32.1** Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant  to  Section  906  of  the  Sarbanes-Oxley  Act  of  2002.


32.1**Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant  to  Section  906  of  the  Sarbanes-Oxley  Act  of  2002.


101.INS**       XBRL Instance Document


101.SCH**      XBRL Taxonomy Extension Schema Document


101.CAL**      XBRL Taxonomy Extension Calculation Linkbase Document


101.LAB**      XBRL Taxonomy Extension Label Linkbase Document


101.PRE**      XBRL Taxonomy Extension Presentation Linkbase Document


101.DEF**      XBRL Taxonomy Extension Definition Linkbase Document

_________________


* Filed herewith

** Furnished herewith











34


EX-31.1 2 exhibit311_ex31z1.htm EXHIBIT 311 Exhibit 31

Exhibit 31.1


CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002


I, Byung Jin Kim, certify that:


1. I have reviewed this Annual Report on Form 10-K of Social Cube Inc.;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


March 29,2013

By: /s/ BYUNG JIN KIM

 

Date

Byung Jin Kim

Chief Executive Officer

 




EX-31.2 3 exhibit312_ex31z2.htm EXHIBIT 312 Exhibit 31

Exhibit 31.2


CERTIFICATION OF CHIEF FINANCIAL OFFICER

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002


I, Jonathan Lee, certify that:


1. I have reviewed this Annual Report on Form 10-K of Social Cube Inc.;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:


a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;


b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and


d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and


b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


March 29, 2013

By: /s/ JONATHAN LEE

 

Date

Jonathan Lee

      Chief Financial Officer

 





EX-32.1 4 exhibit321_ex32z1.htm EXHIBIT 321 EXHIBIT 32

EXHIBIT 32.1


CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


Pursuant to 18 U.S.C. § 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of Social Cube Inc. (the “Company”) hereby certifies, to his knowledge, that:


(i) the accompanying Annual Report on Form 10-K of the Company for the year ended December 31, 2012 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and


(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


March 29, 2013

By: /s/ Byung Jin Kim

Chief Executive Officer

Date

Byung Jin Kim

 





EX-32.2 5 exhibit322_ex32z2.htm EXHIBIT 322 EXHIBIT 32

EXHIBIT 32.2


CERTIFICATION OF CHIEF FINANCIAL OFFICER

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


Pursuant to 18 U.S.C. § 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of Social Cube Inc. (the “Company”) hereby certifies, to his knowledge, that:


(i) the accompanying Annual Report on Form 10-K of the Company for the year ended December 31, 2012 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and


(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.


March 29,  2013

By: /s/ Jonathan Lee

Chief Financial Officer

Date

Jonathan Lee

 





EX-101.INS 6 lexo-20121231.xml XBRL INSTANCE DOCUMENT 10-K 2012-12-31 false Social Cube Inc 0001065189 --12-31 Smaller Reporting Company Yes No No 2012 FY 1385901 510790 3088905 -685768 2813927 510789721 510789721 9500 2790500 2800000 9500000 9500000 5000 18500 23500 5000000 5000000 -315297 291796 -23501 -315297186 -315297186 -200000 -1700000 -1900000 -200000000 -200000000 -1293472 13646 17935 -49279 -231344 9993 4489701 -1979240 17935 -35633 9992535 9992535 -1054182 -42082 12175 84164 396340 9993 4489701 -3033422 30110 6449 9992535 9992535 -1054182 -1293472 1097232 159239 90 -850003 -140346 573137 2273556 -21034 20748 110372 -300846 67068 215277 106932 -20232 -297462 12119 -68762 -42900 246618 132547 -276086 2168158 -17690 -1284513 -187441 -832336 60310 172690 -205131 -1883849 -450000 -76650 -20454 -30310 -43527 899999 300000 -200000 52698 -31344 276048 124364 -205169 408673 10218 4555330 580119 4316247 450942 239083 129177 1207159 448146 -968076 -318969 206 602 -52965 -9005 20000 -218992 23642 940733 229429 -7792 -104193 -959573 22395 1284 -1094664 -1279826 1600 -42082 13646 -1054182 -1293472 -1054182 -1293472 -0.07 -0.01 9992535 292687341 -0.07 -0.01 9992535 292687341 9992535 292687341 <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Note 1 - Nature of Business</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Business Overview</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Current Business </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming, mobile gaming and social networking companies. Social Cube&#146;s strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX). Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We conduct our business through two operating segments as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Social Cube Networks Co., Ltd</i>.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines: <i>Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 </i>and <i>iDate.</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Social Cube Media.com, Inc.</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com, Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>New Business</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We commenced development of a GPS location based social platform for smartphones and other mobile devices, which we expect to have launched in the fourth quarter 2012. While similar in functionality to foursquare, this social platform will provide more unique location-based online services and proprietary features. We believe that a successful product launch in a market undergoing proliferation of mobile devices and a broad acceptance of social platforms will provide a catalyst for new revenues and user growth beginning in fiscal year 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>In addition, the Company may generate revenues through the distribution in the United States of certain mobile games that are developed in Korea beginning in 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Corporate History</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Lexon Technologies, Inc. (&quot;the Company&quot;, &quot;Lexon&quot; or &#147;Social Cube&#148;) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation (&quot;Lexon Semi&quot; or formerly known as Techone Co., Ltd (&quot;Techone&quot;)) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012. From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won. The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company&#146;s Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Company&#146;s common stock at a ratio of 641:1 from 315,789,721 shares to 492,535 issued and outstanding shares.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Pursuant to a share subscription agreement dated November 30, 2011, the Company subscribed to 335,574 shares of Social Cube Networks Co., Ltd. (formerly Asianet Co., Ltd.), a company incorporated in the Republic of Korea, for a consideration of $1,500,000. As a result of this subscription, the Company owns 73% of Social Cube Networks Co., Ltd.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On December 30, 2011, a majority of the Company&#146;s directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On January 31, 2012, the Company filed a Certificate of Amendment to the Company&#146;s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On February 6, 2012, a majority of the Company&#146;s directors and a majority of the Company&#146;s shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On February 16, 2012, the Company filed a Certificate of Amendment to the Company&#146;s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On March 22, 2012, a majority of all outstanding shares voted in favor of reducing the authorized shares of common stock of the Company from 2,000,000,000 shares to 30,000,000 shares. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Company&#146;s corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to &#147;SOCC&#148;, effective as of April 2, 2012.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Note 2 - Summary of Significant Accounting Policies</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>This summary of significant accounting policies of the Company is presented to assist in understanding the Company&#146;s financial statements. The financial statements and notes are representations of the Company&#146;s management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><i><u>Principles of Consolidation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The consolidated financial statements include the accounts of Social Cube, Inc., Social Cube Networks Co., Ltd., a 73% owned subsidiary in Republic of Korea, and Social Cube Media.com, Inc., a wholly owned subsidiary in the State of California (collectively, the &#147;Company&#148;).&#160; All significant inter-company balances and transactions have been eliminated in consolidation</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><i><u>Non-Controlling Interest</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The result of operations attributable to the non-controlling interest is presented within equity and is shown separately from the Company&#146;s equity.<i><u> </u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Use of Estimates</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are primarily used for depreciation of property and equipment, amortization of intangible assets, allowances for doubtful accounts and inventory valuation. Actual results could differ from those estimates.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Revenue Recognition</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company recognizes revenues from product sales when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred (or services have been rendered), the price is fixed or determinable, and collectability is reasonably assured. Revenue is not recognized until title and risk of loss have transferred to the customer. The shipping terms for the majority of the Company&#146;s revenue arrangements are FOB (free on board) destination. Revenue is recorded net of customer returns, allowances and discounts that occur under arrangements established with customers.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Online game revenue</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><font style='background:white'>The Company derives, and expects to continue to generate, most of our revenues from online game subscription revenue generated in the countries where our games are offered by us. The Company recognizes revenue in accordance with Accounting Standard Codification (ASC) 605, <i>Revenue Recognition </i>and other related pronouncements. Online game revenue is deferred until prepaid subscription cards are consumed by users.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Cash and Cash Equivalents</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company considers all highly liquid investments purchased with original maturities of three months or less to be categorized as cash and cash equivalents.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Allowance for Doubtful Accounts</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The allowance for doubtful accounts is computed based upon the management&#146;s estimate of uncollectible accounts and historical experience. The Company performs ongoing credit evaluations of its customers to estimate potential credit losses. Amounts are written off against the allowance in the period the Company determines that the receivable is uncollectible. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Property and Equipment</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'><font style='font-weight:normal'>Property and equipment are stated at cost. The straight-line method is used to calculate depreciation over their estimated useful lives ranging as follows:</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="528" style='margin-left:27.9pt;border-collapse:collapse'> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:12.6pt'>Automobile</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>3</font><font style='font-weight:normal'> to </font><font style='font-weight:normal'>5</font><font style='font-weight:normal'> years</font></p> </td> </tr> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Furniture &amp; fixture</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>4</font><font style='font-weight:normal'> to 7 years</font></p> </td> </tr> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Leasehold improvement</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>5 years</font></p> </td> </tr> <tr style='height:14.15pt'> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Machinery and equipment</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>4</font><font style='font-weight:normal'> to </font><font style='font-weight:normal'>5</font><font style='font-weight:normal'> years</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Leasehold improvements are depreciated to expense over the shorter of the life of the improvement or the remaining lease term. Capital expenditures that enhance the value or materially extend the useful life of the related assets are reflected as additions to property and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Upon a sale or disposition of assets, a gain or a loss is included in the statement of operations. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Impairment of Long-lived Assets</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company periodically reviews the recoverability of its long-lived assets using the methodology prescribed in accounting guidance now codified as FASB ASC Topic 360, <i>&#147;Property, Plant and Equipment.&#148; </i>The Company also reviews these assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management&#146;s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. In management&#146;s opinion, no such impairment existed as of December 31, 2012 and December 31, 2011.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Goodwill - The Company accounts for intangible assets in accordance with the ASC 350, Intangibles - Goodwill and Other. ASC 350 requires that goodwill no longer be amortized, but instead be tested for impairment at least annually. Additionally, ASC 350 requires that recognized intangible assets be amortized over their respective estimated lives and reviewed for impairment in accordance with ASC 360, Property, Plant, and Equipment. Any recognized intangible assets determined to have an indefinite useful lives will not be amortized, but instead tested for impairment until its life is determined to no longer be indefinite. ASC 350 requires that the values of intangible assets be tested for impairment on at least an annual basis, by comparing the fair value of the assets to their carrying amounts. As a result of the impairment testing, the Company determined that goodwill was significantly impaired due to sales of Paragon Toner division. In management&#146;s opinion, no goodwill existed as of December 31, 2012 and December 31, 2011.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Accrued Expenses</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company&#146;s accrued expenses consist of amounts payable for professional fee, corporate income tax and interest.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Income Taxes</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated based on a &#147;more likely than not&#148; standard, and to the extent this threshold is not met, a valuation allowance is recorded. See Note 10 Income Taxes for more information about the Company&#146;s income taxes.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Recent Accounting Pronouncements</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Indefinite-lived intangible assets impairment</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>In July 2012, the FASB issued an update to the authoritative guidance related to testing indefinite-lived intangible assets for impairment. This update gives an entity the option to first consider certain qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative impairment test. This update is effective for the indefinite-lived intangible asset impairment test performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. We do not expect that the adoption of this guidance will have a material impact on our consolidated financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Fair value measurements and disclosures</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:10.0pt;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Effective January 1, 2012, we adopted an update to the accounting rules for fair value measurement. The new accounting principal establishes a consistent definition of fair value in an effort to ensure that the fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards (&#147;IFRS&#148;) are comparable. This update </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>changes certain fair value measurement principles and enhances the disclosure requirements for fair value measurements. This update does not extend the use of fair value accounting, but provides guidance on how it should be applied where its use was already required or permitted by other standards within U.S. GAAP or IFRS. This update is effective for interim and annual periods beginning after December 15, 2011 and is applied prospectively. The adoption of this pronouncement did not have a material impact on the Company&#146;s Consolidated Financial Statements and accompanying disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Statement of comprehensive income</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:10.0pt;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Effective January 1, 2012, we adopted the FASB issued authoritative guidance on the presentation of comprehensive income. This update requires that all non-owner changes in stockholders&#146; equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This update does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The adoption of this pronouncement did not have a material impact on the Company&#146;s Consolidated Financial Statements and accompanying disclosures.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>Note 3 &#150; Accounts Receivable</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>As of December 31, the Company has account receivable as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:23.4pt;border-collapse:collapse'> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Receivable from game sales</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160; &#160;1,143,802&#160;&#160;&#160; </p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160; 414,988&#160;&#160; </p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Other receivable</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>123,311</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,122</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,267,113</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>417,110</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Less: Allowance for bad debt expense</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Accounts receivable, net</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160; 1,267,113</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160; 417,110</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>Note 4 &#150; Prepaid expense</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>The Company&#146;s prepaid expenses consist of amounts prepaid for license, equipment rental, webpage, and design of Company&#146;s logo.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>Note 5 - Property and Equipment</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Property and equipment consist of the following as of December 31:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="570" style='margin-left:59.4pt;border-collapse:collapse'> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-5.4pt;text-align:center;text-indent:-5.4pt'><b>2012</b></p> </td> <td width="19" valign="top" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="107" valign="top" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-5.4pt;text-align:center;text-indent:-8.25pt'><b>2011</b></p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:12.6pt'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="19" valign="top" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" valign="top" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:3.5pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Automobile</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,121</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,121</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Furniture and fixture</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>14,270</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>-</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Leasehold improvement</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,100</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>-</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Machinery and equipment</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,319,879</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,317,559</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,480,370</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,317,825</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-5.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Less: Accumulated depreciation</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>(816,192)</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>(189,762)</p> </td> </tr> <tr style='height:.1in'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Property and equipment, net</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 664,178</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,272,919</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Depreciation expense amounted to $626,430 and $11,595 for the years ended December 31, 2012 and 2010, respectively.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'><b>Note 6 - Intangibles</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Intangibles consist of the following as of December 31:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:59.4pt;border-collapse:collapse'> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr style='height:3.5pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:8.0pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Software</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160; &#160;&#160;&#160;&#160;&#160;46,088</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 54,910</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>License</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,027,925</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>831,662</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Flash Game</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,597</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,597</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,075,610</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>888,169</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Less: Accumulated amortization</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(527,528)</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(56,728)</p> </td> </tr> <tr style='height:3.5pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Intangibles, net</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160;&#160; 548,082</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$831,441</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company amortizes its <font style='background:white'>software, license, and flash game</font> over the estimated useful life of four years. Amortizable intangible assets are tested for impairment when impairment indicators are present, and, if impaired, written down to fair value based on either discounted cash flows or appraised values. <font style='background:white'>As a result of the impairment testing, the Company determined that intangibles were not impaired as of December 31, 2012 and December 31, 2011.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'><b>Note 7 - Transactions with Related Parties</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Advances from the stockholder are unsecured, non-interest bearing and due on demand. The Company has $787,618 and $0 due to related parties as of December 31, 2012 and 2011, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'><b>Note 8 - Loan Payable</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>As of December 31, the Company has loan payable as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="612" style='width:459.0pt;margin-left:23.4pt;border-collapse:collapse'> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-41.4pt;text-align:center'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="80" valign="top" style='width:60.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="84" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="80" valign="top" style='width:60.2pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>A auto loan payable to a bank, due in monthly installments of $1,346, including interest at 4.39% as of December 31, 2012. The final payment for the loan is scheduled on June 27, 2016. &#160;&#160;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160; &#160;&#160;&#160;53,454</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160;&#160; 180,104</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>A loan payable to Playon Interactive, Inc., due on September 12, 2013, including interest at 11.0%.</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>50,000</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>-</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Less: Current portion</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.05in;margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right'>(64,083)</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.05in;margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right'>(126,650)</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Loan payable, net of current</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$ &#160;&#160;&#160;&#160;&#160;&#160;39,371&#160;&#160; &#160;&#160;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160; &#160;&#160;53,454</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'><b>Note 9 - Commitments and Contingencies</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Legal Proceedings</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>There are no pending legal proceedings against the Company.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The following two legal claims, which were instigated by the plaintiffs against the Company during the 2008 calendar year, have been fully settled. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On July 14, 2008, Advanced Digital Technology Co. Ltd., a Korean corporation (&#147;ADT&#148;), filed a claim against Lexon and certain named individuals who are former officers of the Company. The claim alleges breach of an agreement to settle an earlier dispute, involving ADT's investment of $150,000 in Lexon on or about January 16, 2007 and ADT's subsequent unilateral decision to rescind and demand a refund of this investment. The total amount of damages claimed under the pending lawsuit is the investment amount of $150,000 plus filing costs, interest and attorney fees for an aggregate amount of $178,522. On November 9, 2010, judgment was entered against Lexon Technologies for the amount of $206,547.95. On approximately November 23, 2011, this case was settled for $205,000. This settlement effectively concludes this legal proceeding. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On September 5, 2008, Vivien and David Bollenberg, a current shareholder (the &#147;Bollenbergs&#148;), filed a claim against Lexon and other third parties, including Byung Hwee Hwang (also referred to as &quot;Ben Hwang&quot;) and other financial agents and institutions involved in the alleged fraudulent transaction. The filed complaint alleges that Ben Hwang together with his representatives, including his accountant, escrow agent and real estate agent/broker, made certain representations to and solicited the Bollenbergs to make an investment in several companies and ventures including Lexon with the intent to misappropriate the solicited funds for personal use. The Bollenbergs allege that they invested a total of $1,500,000 among and between the various companies and ventures recommended by Ben Hwang, of which investment amount approximately $550,000 was invested in Lexon ($150,000 for 600,000 shares at $0.25 per share and $400,000 initially invested in Lexon Korea and later converted into 1,150,000 shares in Lexon for a total of 1,750,000 shares in Lexon). On April 1, 2011, after a trial was concluded, judgment was entered in favor of the Lexon Technologies whereby Lexon was not found liable for any causes of action brought by the Bollenbergs. The Bollenbergs were served with a filed stamped copy of the judgment on June 2, 2011. Thereafter, the Bollenbergs filed an appeal on December 2, 2011 and insisted that they were not served with the judgment on June 2, 2011 and filed the instant Motion to Vacate the Dismissal (or the Petition for Rehearing). This appeal by the Bollenbergs was denied by the California Court of Appeals (4<sup>th</sup> District) in February 2012, officially concluding this legal proceeding. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'><b>Note 10 - Income Taxes</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Significant components of deferred tax assets are as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="650" style='margin-left:.25in;border-collapse:collapse'> <tr style='height:9.9pt'> <td width="420" valign="bottom" style='width:315.25pt;padding:0;height:9.9pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>&nbsp;</b></p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="211" colspan="5" valign="bottom" style='width:158.2pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Years&nbsp;Ended&nbsp;December&nbsp;31,</b></p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> </tr> <tr style='height:9.9pt'> <td width="420" valign="bottom" style='width:315.25pt;padding:0;height:9.9pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>&nbsp;</b></p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-11.0pt'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-6.5pt'> Loss carry forwards</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:50.95pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,761,612</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:51.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,281,612</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-6.5pt'>Other</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>229,720</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>229,720</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:22.0pt;text-indent:-11.0pt'>Total deferred tax asset</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,991,332</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,511,332</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-11.0pt'>&nbsp;&#160;&#160;&#160; </p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:33.0pt;text-indent:-11.0pt'>Valuation allowance</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,991,332</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>)</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,511,332</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>)</p> </td> </tr> <tr style='height:13.2pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:22.0pt;text-indent:-11.0pt'>Total deferred tax asset, net</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;border:none;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:50.95pt;border:none;border-top:solid windowtext 1.0pt;padding:0;height:13.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;border:none;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:51.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0;height:13.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>As of December&nbsp;31, 2012, the Company had approximately $4,900,000 of net operating loss (&#147;NOL&#148;) carryforwards for U.S. federal income tax purposes expiring in 2020 through 2030. In addition, the Company has California state NOL carryforwards of approximately $3,400,000 expiring in 2013 through 2020.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>The ability to realize the tax benefits associated with deferred tax assets, which includes benefits related to NOL&#146;s, is principally </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>dependent upon the Company&#146;s ability to generate future taxable income from operations.&nbsp; The Company has provided a full valuation allowance for its net deferred tax assets due to the Company&#146;s net operating losses.&#160; The valuation allowance has increased by $480,000 during 2012.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Section&nbsp;382 of the Internal Revenue Code (&#147;IRC&#148;) imposes limitations on the use of NOL&#146;s and credits following changes in ownership as defined in the IRC. The limitation could reduce the amount of benefits that would be available to offset future taxable income each year, starting with the year of an ownership change.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;<b>Note</b><b> 11 &#151; Subsequent Events</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:3.75pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Management has evaluated subsequent events through the date of issuance of the financial data included herein. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-K or would be required to be recognized in the Consolidated Financial Statements as of December 31, 2012.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Business Overview</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Current Business </b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming, mobile gaming and social networking companies. Social Cube&#146;s strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX). Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We conduct our business through two operating segments as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Social Cube Networks Co., Ltd</i>.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines: <i>Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 </i>and <i>iDate.</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i>Social Cube Media.com, Inc.</i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com, Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>New Business</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>We commenced development of a GPS location based social platform for smartphones and other mobile devices, which we expect to have launched in the fourth quarter 2012. While similar in functionality to foursquare, this social platform will provide more unique location-based online services and proprietary features. We believe that a successful product launch in a market undergoing proliferation of mobile devices and a broad acceptance of social platforms will provide a catalyst for new revenues and user growth beginning in fiscal year 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>In addition, the Company may generate revenues through the distribution in the United States of certain mobile games that are developed in Korea beginning in 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><b>Corporate History</b></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Lexon Technologies, Inc. (&quot;the Company&quot;, &quot;Lexon&quot; or &#147;Social Cube&#148;) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation (&quot;Lexon Semi&quot; or formerly known as Techone Co., Ltd (&quot;Techone&quot;)) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012. From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won. The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company&#146;s Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Company&#146;s common stock at a ratio of 641:1 from 315,789,721 shares to 492,535 issued and outstanding shares.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Pursuant to a share subscription agreement dated November 30, 2011, the Company subscribed to 335,574 shares of Social Cube Networks Co., Ltd. (formerly Asianet Co., Ltd.), a company incorporated in the Republic of Korea, for a consideration of $1,500,000. As a result of this subscription, the Company owns 73% of Social Cube Networks Co., Ltd.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On December 30, 2011, a majority of the Company&#146;s directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On January 31, 2012, the Company filed a Certificate of Amendment to the Company&#146;s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On February 6, 2012, a majority of the Company&#146;s directors and a majority of the Company&#146;s shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On February 16, 2012, the Company filed a Certificate of Amendment to the Company&#146;s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>On March 22, 2012, a majority of all outstanding shares voted in favor of reducing the authorized shares of common stock of the Company from 2,000,000,000 shares to 30,000,000 shares. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Company&#146;s corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to &#147;SOCC&#148;, effective as of April 2, 2012.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><i><u>Principles of Consolidation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>The consolidated financial statements include the accounts of Social Cube, Inc., Social Cube Networks Co., Ltd., a 73% owned subsidiary in Republic of Korea, and Social Cube Media.com, Inc., a wholly owned subsidiary in the State of California (collectively, the &#147;Company&#148;).&#160; All significant inter-company balances and transactions have been eliminated in consolidation</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Use of Estimates</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are primarily used for depreciation of property and equipment, amortization of intangible assets, allowances for doubtful accounts and inventory valuation. Actual results could differ from those estimates.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Revenue Recognition</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company recognizes revenues from product sales when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred (or services have been rendered), the price is fixed or determinable, and collectability is reasonably assured. Revenue is not recognized until title and risk of loss have transferred to the customer. The shipping terms for the majority of the Company&#146;s revenue arrangements are FOB (free on board) destination. Revenue is recorded net of customer returns, allowances and discounts that occur under arrangements established with customers.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Online game revenue</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><font style='background:white'>The Company derives, and expects to continue to generate, most of our revenues from online game subscription revenue generated in the countries where our games are offered by us. The Company recognizes revenue in accordance with Accounting Standard Codification (ASC) 605, <i>Revenue Recognition </i>and other related pronouncements. Online game revenue is deferred until prepaid subscription cards are consumed by users.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Cash and Cash Equivalents</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company considers all highly liquid investments purchased with original maturities of three months or less to be categorized as cash and cash equivalents.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Allowance for Doubtful Accounts</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The allowance for doubtful accounts is computed based upon the management&#146;s estimate of uncollectible accounts and historical experience. The Company performs ongoing credit evaluations of its customers to estimate potential credit losses. Amounts are written off against the allowance in the period the Company determines that the receivable is uncollectible. </p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Property and Equipment</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'><font style='font-weight:normal'>Property and equipment are stated at cost. The straight-line method is used to calculate depreciation over their estimated useful lives ranging as follows:</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="528" style='margin-left:27.9pt;border-collapse:collapse'> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:12.6pt'>Automobile</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>3</font><font style='font-weight:normal'> to </font><font style='font-weight:normal'>5</font><font style='font-weight:normal'> years</font></p> </td> </tr> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Furniture &amp; fixture</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>4</font><font style='font-weight:normal'> to 7 years</font></p> </td> </tr> <tr align="left"> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Leasehold improvement</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>5 years</font></p> </td> </tr> <tr style='height:14.15pt'> <td width="390" valign="bottom" style='width:292.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:17.1pt;text-indent:-4.5pt'>Machinery and equipment</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:14.15pt'> <p align="right" style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;font-weight:bold;margin-left:0in;text-align:right'><font style='font-weight:normal'>4</font><font style='font-weight:normal'> to </font><font style='font-weight:normal'>5</font><font style='font-weight:normal'> years</font></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Leasehold improvements are depreciated to expense over the shorter of the life of the improvement or the remaining lease term. Capital expenditures that enhance the value or materially extend the useful life of the related assets are reflected as additions to property and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Upon a sale or disposition of assets, a gain or a loss is included in the statement of operations. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Impairment of Long-lived Assets</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company periodically reviews the recoverability of its long-lived assets using the methodology prescribed in accounting guidance now codified as FASB ASC Topic 360, <i>&#147;Property, Plant and Equipment.&#148; </i>The Company also reviews these assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management&#146;s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. In management&#146;s opinion, no such impairment existed as of December 31, 2012 and December 31, 2011.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>Goodwill - The Company accounts for intangible assets in accordance with the ASC 350, Intangibles - Goodwill and Other. ASC 350 requires that goodwill no longer be amortized, but instead be tested for impairment at least annually. Additionally, ASC 350 requires that recognized intangible assets be amortized over their respective estimated lives and reviewed for impairment in accordance with ASC 360, Property, Plant, and Equipment. Any recognized intangible assets determined to have an indefinite useful lives will not be amortized, but instead tested for impairment until its life is determined to no longer be indefinite. ASC 350 requires that the values of intangible assets be tested for impairment on at least an annual basis, by comparing the fair value of the assets to their carrying amounts. As a result of the impairment testing, the Company determined that goodwill was significantly impaired due to sales of Paragon Toner division. In management&#146;s opinion, no goodwill existed as of December 31, 2012 and December 31, 2011.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Accrued Expenses</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company&#146;s accrued expenses consist of amounts payable for professional fee, corporate income tax and interest.</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'><i><u>Income Taxes</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric ideograph-other'>The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated based on a &#147;more likely than not&#148; standard, and to the extent this threshold is not met, a valuation allowance is recorded. See Note 10 Income Taxes for more information about the Company&#146;s income taxes.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:23.4pt;border-collapse:collapse'> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Receivable from game sales</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160; &#160;1,143,802&#160;&#160;&#160; </p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160; 414,988&#160;&#160; </p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Other receivable</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>123,311</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,122</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,267,113</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>417,110</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Less: Allowance for bad debt expense</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> </tr> <tr style='height:14.35pt'> <td width="432" valign="top" style='width:4.5in;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Accounts receivable, net</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160; 1,267,113</p> </td> <td width="18" valign="top" style='width:13.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:14.35pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160; 417,110</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="570" style='margin-left:59.4pt;border-collapse:collapse'> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-5.4pt;text-align:center;text-indent:-5.4pt'><b>2012</b></p> </td> <td width="19" valign="top" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="107" valign="top" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-5.4pt;text-align:center;text-indent:-8.25pt'><b>2011</b></p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:12.6pt'>&nbsp;</p> </td> <td width="108" valign="top" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="19" valign="top" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" valign="top" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:3.5pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Automobile</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,121</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 145,121</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Furniture and fixture</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>14,270</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>-</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Leasehold improvement</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,100</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>-</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Machinery and equipment</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,319,879</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,317,559</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,480,370</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>1,317,825</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-5.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Less: Accumulated depreciation</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>(816,192)</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.4pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>(189,762)</p> </td> </tr> <tr style='height:.1in'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.15pt'> <td width="336" valign="bottom" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt'>Property and equipment, net</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 664,178</p> </td> <td width="19" style='width:14.1pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-right:-.7pt;text-align:right'>&nbsp;</p> </td> <td width="107" style='width:80.15pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.15pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.7pt;margin-bottom:0in;margin-left:-4.7pt;margin-bottom:.0001pt;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1,272,919</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:59.4pt;border-collapse:collapse'> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr style='height:3.5pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;line-height:8.0pt'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Software</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160; &#160;&#160;&#160;&#160;&#160;46,088</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 54,910</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>License</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,027,925</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>831,662</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Flash Game</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,597</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,597</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,075,610</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>888,169</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Less: Accumulated amortization</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(527,528)</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(56,728)</p> </td> </tr> <tr style='height:3.5pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:3.5pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="336" style='width:3.5in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>Intangibles, net</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$&#160;&#160;&#160;&#160;&#160; 548,082</p> </td> <td width="24" valign="top" style='width:.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="108" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$831,441</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="612" style='width:459.0pt;margin-left:23.4pt;border-collapse:collapse'> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-41.4pt;text-align:center'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="80" valign="top" style='width:60.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>&nbsp;</p> </td> <td width="84" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="80" valign="top" style='width:60.2pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="84" valign="top" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>A auto loan payable to a bank, due in monthly installments of $1,346, including interest at 4.39% as of December 31, 2012. The final payment for the loan is scheduled on June 27, 2016. &#160;&#160;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160; &#160;&#160;&#160;53,454</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160;&#160; 180,104</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>A loan payable to Playon Interactive, Inc., due on September 12, 2013, including interest at 11.0%.</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>50,000</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>-</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Less: Current portion</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.05in;margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right'>(64,083)</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:.2pt'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:-.05in;margin-bottom:0in;margin-left:-.05in;margin-bottom:.0001pt;text-align:right'>(126,650)</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>&nbsp;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>&nbsp;</p> </td> <td width="16" valign="top" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>&nbsp;</p> </td> </tr> <tr align="left"> <td width="416" valign="top" style='width:312.2pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-justify:inter-ideograph'>Loan payable, net of current</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="80" valign="bottom" style='width:60.2pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$ &#160;&#160;&#160;&#160;&#160;&#160;39,371&#160;&#160; &#160;&#160;</p> </td> <td width="16" valign="bottom" style='width:11.8pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="84" valign="bottom" style='width:63.0pt;border:none;border-bottom:double windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:-.05in;text-align:right'>$&#160;&#160;&#160; &#160;&#160;53,454</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="650" style='margin-left:.25in;border-collapse:collapse'> <tr style='height:9.9pt'> <td width="420" valign="bottom" style='width:315.25pt;padding:0;height:9.9pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>&nbsp;</b></p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="211" colspan="5" valign="bottom" style='width:158.2pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Years&nbsp;Ended&nbsp;December&nbsp;31,</b></p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> </tr> <tr style='height:9.9pt'> <td width="420" valign="bottom" style='width:315.25pt;padding:0;height:9.9pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'><b>&nbsp;</b></p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2012</b></p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2011</b></p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:9.9pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>&nbsp;</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-11.0pt'>&nbsp;</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-6.5pt'> Loss carry forwards</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:50.95pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,761,612</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:51.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,281,612</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-6.5pt'>Other</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>229,720</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>229,720</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:22.0pt;text-indent:-11.0pt'>Total deferred tax asset</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,991,332</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,511,332</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:11.0pt;text-indent:-11.0pt'>&nbsp;&#160;&#160;&#160; </p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>&nbsp;</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> <tr style='height:12.4pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:33.0pt;text-indent:-11.0pt'>Valuation allowance</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.7pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,991,332</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>)</p> </td> <td width="93" colspan="2" valign="bottom" style='width:69.75pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0;height:12.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,511,332</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:12.4pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>)</p> </td> </tr> <tr style='height:13.2pt'> <td width="420" valign="top" style='width:315.25pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:22.0pt;text-indent:-11.0pt'>Total deferred tax asset, net</p> </td> <td width="12" valign="bottom" style='width:8.9pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;border:none;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:50.95pt;border:none;border-top:solid windowtext 1.0pt;padding:0;height:13.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="25" valign="bottom" style='width:18.75pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> <td width="25" valign="bottom" style='width:18.75pt;border:none;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>$</p> </td> <td width="68" valign="bottom" style='width:51.0pt;border:none;border-top:solid windowtext 1.0pt;padding:0;height:13.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p> </td> <td width="6" valign="bottom" style='width:4.8pt;padding:0;height:13.2pt'> <p style='margin:0in;margin-bottom:.0001pt;text-autospace:none'>&nbsp;</p> </td> </tr> </table> 1143802 414988 123311 2122 1267113 417110 145121 145121 14270 1100 1319879 1317559 -816192 -189762 46088 54910 1027925 831662 1597 1597 -527528 -56728 548082 831441 39371 53454 2761612 2281612 229720 229720 -2991332 -2511332 9992535 213722 418891 1267113 417110 93749 160817 47657 158029 1622241 1154847 664178 1272919 548082 831441 21034 1233294 2104360 2855535 3259207 151228 723569 20232 787618 64083 126650 287103 40485 1290032 910935 39371 53454 23300 92062 62671 145516 1352703 1056451 9993 9993 4489701 4489701 -300000 30110 17935 -3033421 -1979240 6449 -35633 1502832 2202756 2855535 3259207 0.001 0.001 30000000 2000000000 9992535 9992535 9992535 9992535 0001065189 2012-01-01 2012-12-31 0001065189 2013-03-08 0001065189 2012-12-31 0001065189 2011-12-31 0001065189 2011-01-01 2011-12-31 0001065189 us-gaap:CommonStockMember 2011-01-01 2011-12-31 0001065189 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-12-31 0001065189 us-gaap:RetainedEarningsMember 2011-01-01 2011-12-31 0001065189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-01-01 2011-12-31 0001065189 us-gaap:NoncontrollingInterestMember 2011-01-01 2011-12-31 0001065189 us-gaap:CommonStockMember 2010-12-31 0001065189 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0001065189 us-gaap:RetainedEarningsMember 2010-12-31 0001065189 2010-12-31 0001065189 us-gaap:CommonStockMember 2011-12-31 0001065189 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001065189 us-gaap:RetainedEarningsMember 2011-12-31 0001065189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-12-31 0001065189 us-gaap:NoncontrollingInterestMember 2011-12-31 0001065189 us-gaap:RetainedEarningsMember 2012-01-01 2012-12-31 0001065189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-01-01 2012-12-31 0001065189 us-gaap:NoncontrollingInterestMember 2012-01-01 2012-12-31 0001065189 us-gaap:CommonStockMember 2012-12-31 0001065189 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001065189 us-gaap:RetainedEarningsMember 2012-12-31 0001065189 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-12-31 0001065189 us-gaap:NoncontrollingInterestMember 2012-12-31 shares iso4217:USD iso4217:USD shares pure EX-101.CAL 7 lexo-20121231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 lexo-20121231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 lexo-20121231_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Notes Payable, Noncurrent Furniture and Fixtures, Gross Accounts Receivable, Gross, Noncurrent Other Noncash Income (Expense) Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Statement of Stockholders' Equity Stock Subscription recievable Cash and Cash Equivalents, at Carrying Value Cash and Cash Equivalents, at Carrying Value Cash and Cash Equivalents, at Carrying Value Statement {1} Statement Entity Voluntary Filers Document Period End Date Intangible Assets, Net (Excluding Goodwill) Proceeds from Stock subscription recievable Increase (Decrease) in Inventories Increase (Decrease) in Operating Assets {1} Increase (Decrease) in Operating Assets Stock Repurchased and Retired During Period, Value Retained Earnings Earnings Per Share, Basic Interest Expense Loss on Asset impairment Operating Income (Loss) Operating Income (Loss) Stockholders' Equity, Number of Shares, Par Value and Other Disclosures Property, Plant and Equipment, Net Accounts Receivable, Net, Current Current Fiscal Year End Date Entity Registrant Name Note 6 - Intangibles Notes Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Investing Activities Increase (Decrease) in Operating Liabilities {1} Increase (Decrease) in Operating Liabilities Earnings Per Share, Diluted Investment Income, Nonoperating {1} Investment Income, Nonoperating Gross Profit Gross Profit Prepaid Expense, Current Document Type Capitalized Computer Software, Accumulated Amortization Schedule of Debt Income Taxes Principles of Consolidation Note 11 - Subsequent Events Increase (Decrease) in Accrued expenses Increase (Decrease) in other assets Net Cash Provided by (Used in) Operating Activities {1} Net Cash Provided by (Used in) Operating Activities Stock Issued During Period, Value, Acquisitions Other Nonoperating Income (Expense) Liabilities and Equity Liabilities and Equity Liabilities, Current Liabilities, Current Assets Assets Assets, Current {1} Assets, Current Deferred Tax Assets, Operating Loss Carryforwards Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Cash and Cash Equivalents, Period Increase (Decrease) Cash and Cash Equivalents, Period Increase (Decrease) Stock Issued During Period, Value, Other Statement, Equity Components Nonoperating Income (Expense) Nonoperating Income (Expense) Income Statement Common Stock, Shares Authorized Accounts Payable, Current Entity Current Reporting Status Net Cash Provided by (Used in) Financing Activities Net Cash Provided by (Used in) Financing Activities Payments to Acquire Property, Plant, and Equipment Increase (Decrease) in Accounts Payable Income Tax Expense (Benefit) {1} Income Tax Expense (Benefit) Interest Income Cost of Goods Sold Common Stock, Value, Issued Loans Payable, Noncurrent Entity Central Index Key Finite-Lived License Agreements, Gross Note 3 - Accounts Receivable Payments on Long-term Capital Lease Obligations Proceeds from (Repayments of) Lines of Credit Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties Net Cash Provided by (Used in) Investing Activities {1} Net Cash Provided by (Used in) Investing Activities Shares, Outstanding Shares, Outstanding Shares, Outstanding Weighted Average Number of Shares Outstanding, Basic Loss on Goodwill impairment Gross Profit {1} Gross Profit Operating Income (Loss) {1} Operating Income (Loss) Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent Other Liabilities, Current Finite-Lived Computer Software, Gross Schedule of Deferred Tax Assets and Liabilities Note 5 - Property and Equipment Note 1 - Nature of Business Depreciation Gain on Settlement Operating Expenses {1} Operating Expenses Liabilities Liabilities Finite-Lived Intangible Assets, Net Schedule of Intangible Assets and Goodwill Property, Plant and Equipment Payments for (Proceeds from) Deposit on Loan Increase (Decrease) in Other payable Increase (Decrease) in goowill Stockholders' Equity Attributable to Noncontrolling Interest Liabilities, Noncurrent Liabilities, Noncurrent Liabilities and Equity {1} Liabilities and Equity Balance Sheets - Parenthetical Balance Sheets - Parenthetical Tables/Schedules Note 7 - Transactions With Related Parties Increase (Decrease) in Other Operating Assets {1} Increase (Decrease) in Other Operating Assets Increase (Decrease) in Prepaid Expense and Other Assets Stock Issued During Period, Value, New Issues Weighted Average Number of Shares Outstanding, Diluted Noncontrolling Interest Loss on intagible impairment Selling, General and Administrative Expense Common Stock, Shares Issued Other Assets, Current Entity Filer Category Amendment Flag Deferred Tax Assets, Other Loss Carryforwards Machinery and Equipment, Gross Leasehold Improvements, Gross Allowance for Doubtful Accounts Receivable Accounts Receivable, Gross, Current Details Property and Equipment Business Overview Note 4 - Prepaid Expense Net Cash Provided by (Used in) Financing Activities {1} Net Cash Provided by (Used in) Financing Activities Stock Repurchased and Retired During Period, Shares Accumulated Other Comprehensive Income Interest and Debt Expense {1} Interest and Debt Expense Sales Revenue, Goods, Net Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest {1} Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Property, Plant and Equipment, Other, Gross Policies Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities {1} Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Stock Issued During Period, Shares, Acquisitions Current Income Tax Expense (Benefit) Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest {1} Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Document Fiscal Year Focus Increase (Decrease) in Pension Plan Benefit Obligation Increase (Decrease) in Receivables Weighted Average Number of Shares Outstanding, Basic and Diluted Retained Earnings (Accumulated Deficit) Loans Payable, Current Accrued expenses Liabilities, Current {1} Liabilities, Current Liabilities {1} Liabilities Assets, Noncurrent Assets, Noncurrent Statement Entity Well-known Seasoned Issuer Document and Entity Information Operating Loss Carryforwards, Valuation Allowance Capitalized Computer Software, Gross Note 9 - Commitments and Contingencies Note 8 - Loan Payable Proceeds from Sale of Property, Plant, and Equipment Increase (Decrease) in Other Operating Liabilities Increase (Decrease) in Operating Capital {1} Increase (Decrease) in Operating Capital Stock Issued During Period, Shares, Other Additional Paid-in Capital Earnings Per Share Nonoperating Income (Expense) {1} Nonoperating Income (Expense) Common Stock, Par Value Common Stock, Shares Outstanding Additional Paid in Capital, Common Stock Liabilities, Noncurrent {1} Liabilities, Noncurrent Notes Payable, related party, Current Security Deposits Assets, Noncurrent Assets {1} Assets Entity Public Float Accounts and Notes Receivable, Net Impairment of Long-lived Assets Cash and Cash Equivalents Revenue Recognition Note 10 - Income Taxes Payments to Acquire Intangible Assets Increase (Decrease) in Deferred Revenue Stockholders' Equity, Other Stock Issued During Period, Shares, New Issues loss on foreign currency exchange Net Income (Loss) Attributable to Parent {1} Net Income (Loss) Attributable to Parent Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Operating Loss Carryforwards Schedule of Accounts, Notes, Loans and Financing Receivable Accrued Expenses Use of Estimates Proceeds from (Repayments of) Notes Payable Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Operating Activities Increase (Decrease) in other assets, current Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities {1} Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Equity Component NoncontrollingInterestMember Net Income (Loss) Attributable to Parent Net Income (Loss) Attributable to Parent Revenues {1} Revenues Entity Common Stock, Shares Outstanding Allowance For Doubtful Accounts Foreign currency exchange Proceeds from Issuance of Common Stock ProceedsFromRepaymentsOfBankOverdrafts Statement of Cash Flows Common Stock Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Accumulated Other Comprehensive Income (Loss), Net of Tax Assets, Noncurrent {1} Assets, Noncurrent Assets, Current Assets, Current Document Fiscal Period Focus EX-101.PRE 10 lexo-20121231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 11 lexo-20121231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000120 - Disclosure - Note 7 - Transactions With Related Parties link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note 1 - Nature of Business: Impairment of Long-lived Assets (Policies) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 1 - Nature of Business: Revenue Recognition (Policies) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 1 - Nature of Business: Business Overview (Policies) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 11 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 1 - Nature of Business: Income Taxes (Policies) link:presentationLink link:definitionLink link:calculationLink 000060 - Statement - Statement of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - Note 8 - Loan Payable: Schedule of Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note 1 - Nature of Business: Accrued Expenses (Policies) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note 1 - Nature of Business link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Statement of Shareholders' Equity and Other Comprehensive Income link:presentationLink link:definitionLink link:calculationLink 000001 - Document - Dimensions link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note 1 - Nature of Business: Cash and Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note 9 - Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note 3 - Accounts Receivable link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Statement of Income (Including Gross Margin) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statement of Financial Position - Parenthetical link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note 1 - Nature of Business: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Statement of Financial Position, Classified link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 1 - Nature of Business: Principles of Consolidation (Policies) link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Property and Equipment link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 6 - Intangibles link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 8 - Loan Payable link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note 1 - Nature of Business: Allowance For Doubtful Accounts (Policies) link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note 8 - Loan Payable: Schedule of Debt (Details) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note 5 - Property and Equipment: Property, Plant and Equipment (Details) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note 4 - Prepaid Expense link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note 5 - Property and Equipment: Property, Plant and Equipment (Tables) link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Tables) link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note 1 - Nature of Business: Property and Equipment (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 10 - Income Taxes link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Details) link:presentationLink link:definitionLink link:calculationLink XML 12 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Property and Equipment: Property, Plant and Equipment (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Property, Plant and Equipment, Other, Gross $ 145,121 $ 145,121
Furniture and Fixtures, Gross 14,270  
Leasehold Improvements, Gross 1,100  
Machinery and Equipment, Gross 1,319,879 1,317,559
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment (816,192) (189,762)
Property, Plant and Equipment, Net $ 664,178 $ 1,272,919
XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Accrued Expenses (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Accrued Expenses

Accrued Expenses

 

The Company’s accrued expenses consist of amounts payable for professional fee, corporate income tax and interest.

 

XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 4 - Prepaid Expense
12 Months Ended
Dec. 31, 2012
Notes  
Note 4 - Prepaid Expense

Note 4 – Prepaid expense

 

The Company’s prepaid expenses consist of amounts prepaid for license, equipment rental, webpage, and design of Company’s logo.

 

EXCEL 16 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T M.60Y-V%D938B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-T871E;65N=%]O9E]3:&%R96AO;&1E#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/DYO=&5?,U]!8V-O=6YT M#I% M>&-E;%=O#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYO=&5?-5]05]A;F1?17%U M:7!M96YT/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O M#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DYO=&5?.5]#;VUM:71M96YT#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?,3!?26YC;VUE7U1A M>&5S/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,5].871U#I.86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/DYO=&5?,5].871U#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO M=&5?,5].871U#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYO=&5?,5].871U#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/DYO=&5?,5].871U#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DYO=&5?,5].871U#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/DYO=&5?,5].871U#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?,5].871U#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,5].871U#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,U]!8V-O=6YT M#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?-5]05]A;F1?17%U:7!M96YT7SPO>#I. M86UE/@T*("`@(#QX.E=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?.%],;V%N7U!A>6%B;&5?4V-H961U;&5?;SPO M>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?,U]!8V-O=6YT#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/DYO=&5?.%],;V%N7U!A>6%B;&5?4V-H961U;&5?;S$\+W@Z3F%M93X-"B`@ M("`\>#I7;W)K#I% M>&-E;%=O#I!8W1I=F53:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I%>&-E;%=O7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^4V]C:6%L($-U8F4@26YC/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$"!+ M97D\+W1D/@T*("`@("`@("`\=&0@8VQA2!#;VUM;VX@4W1O8VLL M(%-H87)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!6;VQU;G1A'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y M8V5?.64R,E]A,C8T.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO-#DR,S4S,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O M'0O:'1M M;#L@8VAA2P@4&QA;G0@86YD($5Q=6EP;65N="P@3F5T/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XV-C0L,3'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2P@ M0W5R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S#PO=&0^#0H@("`@("`@(#QT M9"!C;&%S2!!='1R:6)U=&%B;&4@=&\@3F]N8V]N=')O;&QI;F<@26YT97)E M3PO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I M=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A2!E>&-H86YG93PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2!)=&5M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2P@3W1H97(\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M2P@26YC;'5D:6YG(%!O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E(&%N9"!/=&AE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2P@4&QA;G0L(&%N9"!%<75I<&UE;G0\+W1D/@T* M("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S6UE;G1S(&]F*2!,:6YE6UE;G1S(&]N($QO;F6UE M;G1S(&]F*2!.;W1E'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6EN9R!686QU93PO=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T.60Y M-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S,&-? M9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!A8W%U:7-I=&EO M;BP@86YD('1O(&QE=F5R86=E(&ET&ES=&EN9R!N971W;W)K(&]F('-O M8VEA;"!G86UI;F<@86YD(&YE='=O'0M875T;W-P86-E.FED96]G'0M M875T;W-P86-E.FED96]G2!L:7-T960@;VX@=&AE($MO65R(&]N;&EN92!R;VQE+7!L87EI;F<@9V%M M97,N/"]P/B`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`Q.3DY('1H2!P97)F;W)M960@=&AR964@6QE/3-$)VUA&]N+"!A;F0@8F5C86UE('1H92!M86EN(&]P97)A=&EO;B!O9B!T M:&4@0V]M<&%N>2X@/"]P/B`\<"!S='EL93TS1"=M87)G:6XZ,&EN.VUA'0M875T M;W-P86-E.FED96]G2!O9B!S M:&%R96AO;&1E6QE/3-$)VUA'0M M875T;W-P86-E.FYO;F4[=&5X="UA=71O&]N M(&5N=&5R960@:6YT;R!F;W5R('-U8G-C6QE/3-$)VUA6QE/3-$)VUA2`D,"XT,3<@<&5R M('-H87)E(&9O2`V,"4@;V8@=&AE('1O=&%L(&]U='-T86YD M:6YG(&-O;6UO;B!S=&]C:RX\+W`^(#QP('-T>6QE/3-$)VUA2!E9F9E8W1I=F4@87,@;V8@2F%N=6%R>2`Q+"`R,#$R+CPO M<#X@/'`@6QE/3-$)VUA6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2`V M+"`R,#$R+"!A(&UA:F]R:71Y(&]F('1H92!#;VUP86YY)B,Q-#8[2!F2!F6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4^)FYB2!O9B!3:6=N:69I8V%N="!! M8V-O=6YT:6YG(%!O;&EC:65S/"]B/CPO<#X@/'`@2!O9B!S:6=N:69I8V%N="!A8V-O=6YT:6YG('!O;&EC:65S M(&]F('1H92!#;VUP86YY(&ES('!R97-E;G1E9"!T;R!A28C,30V.W,@9FEN86YC:6%L('-T871E M;65N=',N(%1H92!F:6YA;F-I86P@28C,30V.W,@;6%N86=E M;65N="P@=VAO(&ES(')E2!A8V-E M<'1E9"!I;B!T:&4@56YI=&5D(%-T871E6QE/3-$ M)VUA'0M875T;W-P M86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA6QE/3-$)VUA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O2!I;B!297!U8FQI8R!O M9B!+;W)E82P@86YD(%-O8VEA;"!#=6)E($UE9&EA+F-O;2P@26YC+BP@82!W M:&]L;'D@;W=N960@2!I;B!T:&4@4W1A=&4@;V8@0V%L:69O M28C,30X.RDN M)B,Q-C`[($%L;"!S:6=N:69I8V%N="!I;G1E'0M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E M.FYO;F4^/&D^/'4^3F]N+4-O;G1R;VQL:6YG($EN=&5R97-T/"]U/CPO:3X\ M+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O28C,30V.W,@97%U:71Y+CQI/CQU/B`\+W4^/"]I/CPO<#X@ M/'`@2!V86QU871I M;VXN($%C='5A;"!R97-U;'1S(&-O=6QD(&1I9F9E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`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`^(#PO=&0^(#QT9"!W:61T:#TS1#$X M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#HQ,RXU<'0[<&%D9&EN9SHP M:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@3MT97AT+6IU M6QE/3-$9F]N="UW96EG:'0Z;F]R;6%L/B!T M;R`\+V9O;G0^/&9O;G0@65A6QE/3-$)W=I9'1H.C(Y M,BXU<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@'1U'0M86QI9VXZ:G5S=&EF>3MT M97AT+6IU6QE/3-$9F]N="UW96EG:'0Z;F]R M;6%L/B!T;R`W('EE87)S/"]F;VYT/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I M9'1H.C$S+C5P=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!S M='EL93TS1&UA'0M:G5S=&EF>3II;G1E6QE/3-$)W=I9'1H.C$N,C5I;CMP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT M<'0G/B`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`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`N,'!T.W1E>'0M875T;W-P M86-E.FED96]G6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2`Q+"`R,#$R+"!W92!A9&]P=&5D('1H92!&05-"(&ES'0M875T;W-P86-E.FED96]G7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0M875T;W-P86-E.FYO;F4^/&(^ M3F]T92`S("8C,34P.R!!8V-O=6YT'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU2!H87,@86-C M;W5N="!R96-E:79A8FQE(&%S(&9O;&QO=W,Z/"]P/B`\<"!S='EL93TS1&UA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E6QE/3-$;6%R9VEN+6QE9G0Z M,C,N-'!T.V)O6QE/3-$)W=I9'1H.B`T+C5I;CL@ M<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^/&(^,C`Q,CPO M8CX\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X('9A;&EG;CTS1'1O<"!S='EL M93TS1"=W:61T:#H@,3,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0@,2XP<'0[ M('!A9&1I;F'0M86QI9VXZ8V5N=&5R/CQB/C(P M,3$\+V(^/"]P/B`\+W1D/B`\+W1R/B`\='(^(#QT9"!W:61T:#TS1#0S,B!V M86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR M:6=H=#XD)B,Q-C`[("8C,38P.S$L,30S+#@P,B8C,38P.R8C,38P.R8C,38P M.R`\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X('9A;&EG;CTS1'1O<"!S='EL M93TS1"=W:61T:#H@,3,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X M="UA;&EG;CIR:6=H=#XD)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#0Q-"PY M.#@F(S$V,#LF(S$V,#L@/"]P/B`\+W1D/B`\+W1R/B`\='(^(#QT9"!W:61T M:#TS1#0S,B!V86QI9VX],T1T;W`@6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`T+C5I;CL@ M<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF M>3MT97AT+6IU6QE/3-$)W=I9'1H M.B`V,RXP<'0[(&)O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0@,2XP<'0[('!A9&1I;F'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XM/"]P/B`\+W1D/B`\=&0@=VED M=&@],T0Q."!V86QI9VX],T1T;W`@'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M86QI9VXZ6QE M/3-$)W=I9'1H.B`T+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E M>'0M:G5S=&EF>3II;G1E6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O'0@,2XU<'0[('!A9&1I;F'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XD)B,Q-C`[)B,Q-C`[)B,Q-C`[ M(#$L,C8W+#$Q,SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3@@=F%L:6=N/3-$ M=&]P('-T>6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`V,RXP<'0[(&)O'0@,2XU<'0[('!A9&1I;F6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T.60Y-V%D M938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S,&-?9&5A M,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0M875T;W-P86-E.FYO;F4^/&(^3F]T92`T("8C,34P.R!0'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG M;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E M>'0M:G5S=&EF>3II;G1E28C,30V.W,@;&]G;RX\+W`^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T M.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S M,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O2!A;F0@17%U:7!M96YT/"]B/CPO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0@ M,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`X,"XQ-7!T.R!B M;W)D97(Z(&YO;F4[(&)O'0@ M,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP M:6X[;6%R9VEN+7)I9VAT.BTN-W!T.VUA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F'0M875T;W-P M86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.BTN-W!T.VUA M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,"XQ-7!T.R!B;W)D97(Z(&YO M;F4[(&)O'0@,2XP<'0[('!A M9&1I;F6QE/3-$)W=I9'1H M.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O'0M86QI9VXZ6QE/3-$)W=I M9'1H.B`X,"XQ-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0@,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O2!A;F0@97%U:7!M96YT+"!N970\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$P."!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!B;W)D97(Z(&YO;F4[ M(&)O6QE/3-$)W=I9'1H.B`X,"XQ M-7!T.R!B;W)D97(Z(&YO;F4[(&)O'0M86QI M9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y M.W1E>'0M:G5S=&EF>3II;G1E6QE/3-$;6%R9VEN+6QE9G0Z-3DN-'!T.V)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O'0@,2XP<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/CQB/C(P,3(\+V(^/"]P/B`\+W1D/B`\=&0@=VED M=&@],T0R-"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O'0@,2XP<'0[('!A9&1I;F'0M86QI9VXZ M8V5N=&5R/CQB/C(P,3$\+V(^/"]P/B`\+W1D/B`\+W1R/B`\='(^(#QT9"!W M:61T:#TS1#,S-B!S='EL93TS1"=W:61T:#H@,RXU:6X[('!A9&1I;F6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$)W=I9'1H M.B`N,C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A M;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I M9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$ M)W=I9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`N,C5I;CL@<&%D9&EN9SH@,&EN(#4N M-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XD)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#4T+#DQ,#PO<#X@/"]T M9#X@/"]T6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`N,C5I;CL@ M<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1')I M9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP M<'0[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XX,S$L M-C8R/"]P/B`\+W1D/B`\+W1R/B`\='(^(#QT9"!W:61T:#TS1#,S-B!S='EL M93TS1"=W:61T:#H@,RXU:6X[('!A9&1I;F'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H M=#XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P."!S='EL93TS1"=W M:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^ M(#QP(&%L:6=N/3-$'0M86QI9VXZ M6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T M(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ'0M86QI9VXZ'0M86QI9VXZ6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0@ M,2XP<'0[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XH M-3(W+#4R."D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#(T('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#H@+C(U:6X[('!A9&1I;F'0@,2XP<'0[('!A9&1I;F'0M875T M;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XH-38L-S(X*3PO<#X@/"]T M9#X@/"]T6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O'0M M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#(T('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@+C(U:6X[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H M=#XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P."!S='EL93TS1"=W M:61T:#H@.#$N,'!T.R!B;W)D97(Z(&YO;F4[('!A9&1I;F'0M875T;W-P86-E.FYO M;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO=&0^(#PO='(^(#QT M6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D M9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F'0M875T;W-P86-E.FYO M;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$P."!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$)VUA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA=71O2!A;6]R=&EZ97,@:71S(#QF;VYT('-T M>6QE/3-$8F%C:V=R;W5N9#IW:&ET93YS;V9T=V%R92P@;&EC96YS92P@86YD M(&9L87-H(&=A;64\+V9O;G0^(&]V97(@=&AE(&5S=&EM871E9"!U6QE/3-$8F%C:V=R;W5N9#IW:&ET93Y!2!D971E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T M.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S M,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S M=&EF>3II;G1E'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI M9VXZ:G5S=&EF>3MT97AT+6IU2!H87,@)#2X\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D M96$P7S0Y8V5?.64R,E]A,C8T.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ M(&9I;&4Z+R\O0SHO-#DR,S4S,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A M9&4V+U=O'0O:'1M;#L@8VAA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA M'0M875T;W-P86-E.FYO;F4[=&5X="UA M;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI M9VXZ:G5S=&EF>3MT97AT+6IU2!H87,@;&]A;B!P87EA8FQE(&%S M(&9O;&QO=W,Z/"]P/B`\<"!S='EL93TS1&UA'0M:G5S=&EF>3II;G1E6QE/3-$=VED=&@Z-#4Y+C!P=#MM87)G M:6XM;&5F=#HR,RXT<'0[8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(@ M86QI9VX],T1L969T/B`\=&0@=VED=&@],T0T,38@=F%L:6=N/3-$=&]P('-T M>6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N M-'!T)SX@/'`@86QI9VX],T1C96YT97(@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C$Q M+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS M1&-E;G1E'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^)FYB M'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.C8P+C)P=#MB;W)D97(Z;F]N93MP861D:6YG.C!I M;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!S='EL93TS1&UA'0M:G5S=&EF>3II;G1E'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU M6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@ M-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C8P+C)P=#MP861D:6YG M.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M6QE M/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G M/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C8S+C!P=#MP861D:6YG.C!I;B`U M+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T M:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M86QI9VXZ'0M86QI9VXZ'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E6%B;&4@=&\@4&QA>6]N($EN=&5R86-T:79E M+"!);F,N+"!D=64@;VX@4V5P=&5M8F5R(#$R+"`R,#$S+"!I;F-L=61I;F<@ M:6YT97)E'0M86QI9VXZ'0M M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP-6EN.W1E>'0M86QI9VXZ M6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N M-'!T)SX@/'`@'0M86QI9VXZ:G5S=&EF>3MT M97AT+6IU6QE/3-$)W=I9'1H M.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG M;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C8P+C)P=#MP861D:6YG.C!I;B`U+C1P="`P:6X@ M-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P M:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M:6YD96YT.BXR<'0^)FYB'0M:6YD96YT.BXR<'0^)FYB6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D M9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.C$Q+CAP=#MP M861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$ M)W=I9'1H.C8P+C)P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T=&]M.G-O;&ED M('=I;F1O=W1E>'0@,2XP<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T M)SX@/'`@86QI9VX],T1R:6=H="!S='EL93TS1&UA'0M M86QI9VXZ'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#MT97AT+6EN9&5N=#HN,G!T/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.#0@=F%L:6=N/3-$8F]T=&]M M('-T>6QE/3-$)W=I9'1H.C8S+C!P=#MB;W)D97(Z;F]N93MB;W)D97(M8F]T M=&]M.G-O;&ED('=I;F1O=W1E>'0@,2XP<'0[<&%D9&EN9SHP:6X@-2XT<'0@ M,&EN(#4N-'!T)SX@/'`@86QI9VX],T1R:6=H="!S='EL93TS1&UA'0M86QI9VXZ6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D9&EN9SHP:6X@-2XT<'0@ M,&EN(#4N-'!T)SX@/'`@'0M86QI9VXZ:G5S M=&EF>3MT97AT+6IU6QE/3-$ M)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\ M<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C8P+C)P=#MB;W)D97(Z;F]N93MP861D M:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O'0M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP-6EN M.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N M-'!T)SX@/'`@'0M86QI9VXZ:G5S=&EF>3MT M97AT+6IU6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H M=#XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#@T('9A;&EG;CTS1&)O M='1O;2!S='EL93TS1"=W:61T:#HV,RXP<'0[8F]R9&5R.FYO;F4[8F]R9&5R M+6)O='1O;3ID;W5B;&4@=VEN9&]W=&5X="`Q+C5P=#MP861D:6YG.C!I;B`U M+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T.60Y-V%D M938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S,&-?9&5A M,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI9VXZ:G5S M=&EF>3MT97AT+6IU6QE/3-$)VUA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!T:&4@<&QA:6YT:69F2`Q-"P@,C`P."P@061V M86YC960@1&EG:71A;"!496-H;F]L;V=Y($-O+B!,=&0N+"!A($MO&]N(&%N9"!C97)T86EN(&YA;65D(&EN9&EV:61U86QS('=H M;R!A&]N(&]N(&]R(&%B;W5T($IA;G5A75N9R!(=V5E($AW86YG("AA M;'-O(')E9F5R2`D-34P M+#`P,"!W87,@:6YV97-T960@:6X@3&5X;VX@*"0Q-3`L,#`P(&9O2!I;G9E&]N*2X@3VX@07!R:6P@ M,2P@,C`Q,2P@869T97(@82!T2!C875S97,@;V8@86-T:6]N(&)R;W5G:'0@8GD@=&AE($)O;&QE;F)E2!O9B!T:&4@:G5D9VUE;G0@;VX@2G5N92`R+"`R,#$Q+B!4 M:&5R96%F=&5R+"!T:&4@0F]L;&5N8F5R9W,@9FEL960@86X@87!P96%L(&]N M($1E8V5M8F5R(#(L(#(P,3$@86YD(&EN2!W97)E M(&YO="!S97)V960@=VET:"!T:&4@:G5D9VUE;G0@;VX@2G5N92`R+"`R,#$Q M(&%N9"!F:6QE9"!T:&4@:6YS=&%N="!-;W1I;VX@=&\@5F%C871E('1H92!$ M:7-M:7-S86P@*&]R('1H92!0971I=&EO;B!F;W(@4F5H96%R:6YG*2X@5&AI M'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&5X=#X\(2TM96=X+2T^/'`@'0M86QI9VXZ M:G5S=&EF>3MT97AT+6IU'0M875T;W-P86-E.FYO;F4[ M=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M875T;W-P86-E.FYO;F4^4VEG;FEF:6-A;G0@ M8V]M<&]N96YT6QE/3-$)W=I9'1H.B`S,34N,C5P=#L@<&%D9&EN9SH@ M,#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^/&(^)FYB6QE/3-$)W=I M9'1H.B`X+CEP=#L@<&%D9&EN9SH@,#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^/&(^)FYB'0M875T;W-P86-E.FYO;F4[=&5X M="UA;&EG;CIC96YT97(^/&(^665A6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^/&(^,C`Q,CPO M8CX\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#(U('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#H@,3@N-S5P=#L@<&%D9&EN9SH@,#LG/B`\<"!A;&EG M;CTS1&-E;G1E'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^ M/&(^)FYB6QE/3-$)W=I9'1H.B`V.2XW-7!T M.R!B;W)D97(Z(&YO;F4[(&)O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE/3-$)W=I9'1H.B`V.2XW<'0[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#(U('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#H@,3@N-S5P=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL M93TS1&UA'0M875T M;W-P86-E.FYO;F4^)FYB'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#8@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`T M+CAP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T M;W-P86-E.FYO;F4^)#PO<#X@/"]T9#X@/'1D('=I9'1H/3-$-C@@=F%L:6=N M/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`U,"XY-7!T.R!P861D:6YG.B`P M.R<^(#QP(&%L:6=N/3-$'0M86QI M9VXZ6QE/3-$)W=I9'1H M.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M6QE/3-$)W=I9'1H.B`V.2XW<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`T+CAP=#L@<&%D9&EN M9SH@,#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`V.2XW<'0[(&)O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q."XW-7!T M.R!P861D:6YG.B`P.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ6QE/3-$)W=I9'1H.B`S,34N,C5P=#L@<&%D9&EN9SH@,#LG/B`\<"!S M='EL93TS1&UA'0M M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z,3$N,'!T.W1E>'0M:6YD96YT M.BTQ,2XP<'0^)FYB6QE/3-$)W=I9'1H M.B`X+CEP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q."XW-7!T.R!P861D:6YG M.B`P.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`V.2XW M<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O'0M875T;W-P86-E M.FYO;F4^*3PO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3,@8V]L6QE/3-$)W=I9'1H.B`V.2XW-7!T.R!B;W)D M97(Z(&YO;F4[(&)O'0@,2XP M<'0[('!A9&1I;F'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XH,BPU,3$L,S,R/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@ M-"XX<'0[('!A9&1I;F"!A6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O'0M875T;W-P86-E.FYO;F4^)#PO<#X@/"]T9#X@/'1D M('=I9'1H/3-$-C@@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`U M,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$)W=I9'1H.B`T M+CAP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^ M)FYB'0M875T;W-P86-E.FYO;F4^)FYB'0M M875T;W-P86-E.FYO;F4^)FYB'0M875T;W-P86-E.FYO;F4[ M=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E&EM871E;'D@)#0L.3`P+#`P,"!O9B!N970@;W!E2!H87,@ M0V%L:69O'0M86QI9VXZ M:G5S=&EF>3MT97AT+6IU'0M86QI9VXZ:G5S=&EF>3MT97AT M+6IUF4@=&AE('1A>"!B96YE9FET2`\+W`^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O28C,30V.W,@ M86)I;&ET>2!T;R!G96YE2!H87,@<')O=FED960@ M82!F=6QL('9A;'5A=&EO;B!A;&QO=V%N8V4@9F]R(&ET'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU M'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU&%B;&4@:6YC;VUE(&5A8V@@>65A65A'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O M<#HS+C'0M875T;W-P86-E.FYO;F4^36%N86=E M;65N="!H87,@979A;'5A=&5D('-U8G-E<75E;G0@979E;G1S('1H3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T.60Y-V%D M938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S,&-?9&5A M,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$)VUA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA M'0M875T;W-P86-E M.FYO;F4[=&5X="UA=71O"!#;RXL($QT9"X@;V)T86EN960@ M82`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`R,#$R+B!&F%T:6]N2!E86-H('1I;64N/"]P/B`\<"!S='EL93TS1"=M87)G:6XZ,&EN M.VUA'0M875T;W-P86-E.FED96]G2`Q+"`R,#$Q+"!A;&P@87-S971S(&%N9"!A;&P@;V8@ M=&AE(&QI86)I;&ET:65S(&]F('1H92!087)A9V]N(%1O;F5R($1I=FES:6]N M(&]F($QE>&]N('=E&ES=&EN9R!,97AO;B!S M:&%R97,L('-P96-I9FEC86QL>2`Q,S,L,S`P+#`P,"!S:&%R97,@:&5L9"!B M>2!*86UE2!%;G1E'0M875T;W-P86-E.FED96]G&5C=71E9"!T;R!N;VUI;F%T92!A;F0@86-C97!T M($)Y=6YG($II;B!+:6TL($5U9V5N92!,964@86YD($MY=5-E;VL@3&5E(&%S M($1I&]N M('1O(%-O8VEA;"!0;&%N970@26YC+CPO<#X@/'`@2!I&EM871E;'D@-C`E(&]F('1H92!T;W1A M;"!O=71S=&%N9&EN9R!C;VUM;VX@'0M875T;W-P86-E.FED96]G75N9R!3;V]N($QE92!R97-I9VYE9"!A M2X\ M+W`^(#QP('-T>6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!!2!I;F-O2!O=VYS(#6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!O9B!T:&4@0V]M<&%N>28C,30V.W,@9&ER96-T;W)S M(&%P<&]I;G1E9"!">75N9R!*:6X@2VEM(&%S($-H:65F($5X96-U=&EV92!/ M9F9I8V5R(&%N9"!*;VYA=&AA;B!,964@87,@0VAI968@1FEN86YC:6%L($]F M9FEC97(@;V8@=&AE($-O;7!A;GD@969F96-T:79E(&%S(&]F($IA;G5A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!F:6QE9"!A($-E28C,30V.W,@0V5R=&EF:6-A=&4@;V8@26YC;W)P;W)A M=&EO;B!U;F1E'0M875T;W-P86-E.FED96]G'0M875T M;W-P86-E.FED96]G2!O9B!T:&4@0V]M<&%N>28C M,30V.W,@9&ER96-T;W)S(&%N9"!A(&UA:F]R:71Y(&]F('1H92!#;VUP86YY M)B,Q-#8[2!F:6QE9"!A($-E6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!O9B!A;&P@;W5TF5D('-H87)E'0M875T;W-P86-E.FED96]G2!296=U;&%T;W)Y($%U=&AO2P@26YC+B`H1DE.4D$I(&%P<')O=F5D('1H92!#;VUP86YY)B,Q-#8[6UB;VP@8VAA;F=E('1O("8C,30W.U-/0T,F(S$T.#LL(&5F9F5C=&EV92!A M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0M875T;W-P86-E.FYO;F4^/&D^/'4^4')I;F-I M<&QE6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O2P@=&AE("8C,30W.T-O;7!A;GDF M(S$T.#LI+B8C,38P.R!!;&P@2!B M86QA;F-E3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T M.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S M,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0M875T;W-P86-E.FED96]G2!A8V-E<'1E9"!I;B!T:&4@56YI M=&5D(%-T871E2!UF%T:6]N(&]F(&EN=&%N9VEB;&4@87-S971S+"!A M;&QO=V%N8V5S(&9O'0O:F%V87-C3X-"B`@("`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`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$2!A;F0@17%U:7!M96YT/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@3MT97AT+6IU6QE/3-$9F]N="UW96EG:'0Z;F]R;6%L/E!R;W!E'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z,3(N-G!T/D%U M=&]M;V)I;&4\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#HQ,RXU<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN M(#4N-'!T)SX@/'`@3MT97AT+6IU6QE/3-$9F]N="UW96EG:'0Z;F]R;6%L/B!T;R`\+V9O;G0^/&9O M;G0@6QE/3-$)W=I9'1H.C(Y,BXU<'0[<&%D9&EN M9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@'1U3MT97AT+6IU6QE/3-$9F]N="UW96EG:'0Z;F]R;6%L/B!T;R`W('EE M87)S/"]F;VYT/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.C$S+C5P=#MP M861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!S='EL93TS1&UA'0M:G5S=&EF>3II;G1E6QE/3-$)W=I9'1H M.C$N,C5I;CMP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`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`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'!E;G-E(&]V97(@=&AE('-H;W)T97(@;V8@=&AE(&QI9F4@;V8@ M=&AE(&EM<')O=F5M96YT(&]R('1H92!R96UA:6YI;F<@;&5A'!E;F1I='5R97,@=&AA="!E;FAA;F-E('1H92!V86QU92!O M7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2P@4&QA;G0@86YD($5Q=6EP M;65N="XF(S$T.#L@/"]I/E1H92!#;VUP86YY(&%L6EN9R!A;6]U;G0@;V8@86X@87-S970@;6%Y(&YO="!B92!R96-O=F5R86)L M92X@4F5C;W9E6EN9R!V M86QU92!I2!W:&EC:"!T:&4@8V%RF5D+"!B=70@ M:6YS=&5A9"!B92!T97-T960@9F]R(&EM<&%I2P@05-#(#,U,"!R97%U:7)E2P@4&QA;G0L(&%N9"!%<75I<&UE;G0N($%N>2!R96-O9VYI>F5D M(&EN=&%N9VEB;&4@87-S971S(&1E=&5R;6EN960@=&\@:&%V92!A;B!I;F1E M9FEN:71E('5S969U;"!L:79E2!C;VUP87)I;F<@=&AE(&9A:7(@=F%L=64@ M;V8@=&AE(&%S6EN9R!A;6]U;G1S+B!!2!D971E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'!E;G-E'0^/"$M+65G>"TM/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$ M)VUA'0M875T;W-P M86-E.FYO;F4[=&5X="UA=71O28C,30V.W,@86-C'!E M;G-E'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5S/"]U M/CPO:3X\+W`^(#QP('-T>6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O6QE/3-$)VUA'0M875T;W-P86-E.FYO;F4[=&5X="UA=71O2!U"!C"!A'!E8W1E9"!T;R!B92!R96-O=F5R960@;W(@2!O9B!D969E28C,30V.W,@:6YC;VUE('1A>&5S+CPO<#X\'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/"$M M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I M;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$.#0@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I M9'1H.B`V,RXP<'0[(&)O6QE M/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A9&1I M;F'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.B`V,RXP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O'0M86QI9VXZ:G5S=&EF>3MT M97AT+6IU'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q,RXU<'0[('!A M9&1I;F'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.B`V,RXP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ'0M:G5S=&EF>3II;G1E'0M86QI9VXZ6QE/3-$)W=I9'1H.B`T+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T M(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA'0M:G5S=&EF>3II;G1E'!E;G-E/"]P/B`\+W1D/B`\=&0@=VED M=&@],T0Q,#@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`X,2XP<'0[ M(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O'0@,2XP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2P@4&QA;G0@ M86YD($5Q=6EP;65N=#PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ8V5N=&5R M.W1E>'0M:6YD96YT.BTU+C1P=#X\8CXR,#$R/"]B/CPO<#X@/"]T9#X@/'1D M('=I9'1H/3-$,3D@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q-"XQ M<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`W('9A;&EG;CTS1'1O<"!S M='EL93TS1"=W:61T:#H@.#`N,35P=#L@8F]R9&5R.B!N;VYE.R!B;W)D97(M M8F]T=&]M.B!S;VQI9"!W:6YD;W=T97AT(#$N,'!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ8V5N=&5R M.W1E>'0M:6YD96YT.BTX+C(U<'0^/&(^,C`Q,3PO8CX\+W`^(#PO=&0^(#PO M='(^(#QT6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`S M+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL M93TS1&UA'0M875T M;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.BTN-W!T M.VUA6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F'0M875T;W-P86-E M.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.BTN-W!T.VUA6QE/3-$)W=I9'1H.B`Q-"XQ<'0[('!A9&1I;F'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.BTN-W!T.VUA6QE/3-$)W=I9'1H M.B`X,2XP<'0[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[ M;6%R9VEN+7)I9VAT.BTN-W!T.VUA6QE/3-$ M)W=I9'1H.B`Q-"XQ<'0[('!A9&1I;F'0M86QI9VXZ'0M M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.BTN M-W!T.VUA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI M9VXZ6QE M/3-$)W=I9'1H.B`Q-"XQ<'0[('!A9&1I;F'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT M.BTN-W!T.VUA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE M/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN M+7)I9VAT.BTN-W!T.VUA6QE/3-$)W=I M9'1H.B`Q-"XQ<'0[('!A9&1I;F'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D M9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO M;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I9VAT.BTN-W!T.VUA6QE/3-$)W=I9'1H.B`Q-"XQ<'0[('!A9&1I;F'0M875T;W-P M86-E.FYO;F4[;6%R9VEN+7)I9VAT.BTN-W!T.W1E>'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$ M)W=I9'1H.B`S+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4[;6%R9VEN+71O<#HP:6X[;6%R9VEN+7)I M9VAT.BTN-W!T.VUA6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0M86QI9VXZ:G5S=&EF>3MT97AT M+6IU6QE/3-$)W=I9'1H.B`S+C5I M;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS M1&-E;G1E'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^)FYB M6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`N,C5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P M86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#(T('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@+C(U M:6X[('!A9&1I;F'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P."!S='EL93TS1"=W:61T:#H@ M.#$N,'!T.R!B;W)D97(Z(&YO;F4[('!A9&1I;F'0M875T;W-P86-E.FYO;F4^4V]F M='=A'0M86QI9VXZ'0M875T;W-P86-E.FYO;F4[ M=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$P."!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0M86QI9VXZ6QE/3-$)W=I9'1H.B`S+C5I M;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS M1&UA'0M875T;W-P M86-E.FYO;F4^3&EC96YS93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`X('-T M>6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F'0M M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#$P."!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA=71O6QE M/3-$)W=I9'1H.B`N,C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`X,2XP<'0[(&)O6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`S+C5I;CL@<&%D M9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UAF%T:6]N/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0Q,#@@'0M86QI9VXZ'0M M86QI9VXZ'0M86QI9VXZ6QE/3-$)W=I9'1H.B`S+C5I M;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS M1&UA'0M875T;W-P M86-E.FYO;F4^)FYB'0M86QI9VXZ'0M86QI9VXZ'0M86QI9VXZ'0M M86QI9VXZ'0M86QI9VXZ6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6%B;&4Z(%-C:&5D=6QE(&]F($1E8G0@*%1A8FQE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0M M86QI9VXZ:G5S=&EF>3MT97AT+6IU'0M86QI9VXZ8V5N=&5R/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,38@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT M<'0G/B`\<"!A;&EG;CTS1&-E;G1E'0M875T M;W-P86-E.FYO;F4[=&5X="UA;&EG;CIC96YT97(^/&(^,C`Q,CPO8CX\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#$V('9A;&EG;CTS1'1O<"!S='EL93TS1"=W M:61T:#HQ,2XX<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@ M86QI9VX],T1C96YT97(@'0M86QI9VXZ8V5N M=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.#0@'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG M;CIC96YT97(^/&(^,C`Q,3PO8CX\+W`^(#PO=&0^(#PO='(^(#QT'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M M:G5S=&EF>3II;G1E'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P M:6X@-2XT<'0G/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIJ=7-T M:69Y.W1E>'0M:G5S=&EF>3II;G1E'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG M;CIJ=7-T:69Y.W1E>'0M:G5S=&EF>3II;G1E6UE;G0@ M9F]R('1H92!L;V%N(&ES('-C:&5D=6QE9"!O;B!*=6YE(#(W+"`R,#$V+B`F M(S$V,#LF(S$V,#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$V('9A;&EG;CTS M1&)O='1O;2!S='EL93TS1"=W:61T:#HQ,2XX<'0[<&%D9&EN9SHP:6X@-2XT M<'0@,&EN(#4N-'!T)SX@/'`@86QI9VX],T1R:6=H="!S='EL93TS1&UA'0M875T M;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP-6EN.W1E>'0M86QI9VXZ6QE/3-$)W=I9'1H.C,Q,BXR<'0[<&%D9&EN9SHP:6X@ M-2XT<'0@,&EN(#4N-'!T)SX@/'`@'0M86QI M9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT M<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C8P+C)P=#MP861D:6YG.C!I M;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG M.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M'0M:6YD96YT.BXR<'0^ M)FYB6QE/3-$)W=I9'1H M.C,Q,BXR<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@'0M86QI9VXZ:G5S=&EF>3MT97AT+6IU6QE/3-$)W=I9'1H.C$Q+CAP=#MP M861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\<"!A;&EG;CTS1')I9VAT M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$ M)W=I9'1H.C8P+C)P=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G/B`\ M<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE M/3-$)W=I9'1H.C$Q+CAP=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT<'0G M/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M:6YD96YT.BXR<'0^)FYB'0M86QI9VXZ'0M875T;W-P86-E M.FYO;F4[=&5X="UA;&EG;CIR:6=H=#MT97AT+6EN9&5N=#HN,G!T/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.#0@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.C8S+C!P=#MP861D:6YG.C!I;B`U+C1P="`P:6X@-2XT M<'0G/B`\<"!A;&EG;CTS1')I9VAT('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M875T;W-P86-E.FYO;F4[=&5X="UA;&EG;CIR:6=H=#XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#@P('9A;&EG;CTS1&)O='1O;2!S M='EL93TS1"=W:61T:#HV,"XR<'0[8F]R9&5R.FYO;F4[8F]R9&5R+6)O='1O M;3IS;VQI9"!W:6YD;W=T97AT(#$N,'!T.W!A9&1I;F'0M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP-6EN.W1E>'0M M86QI9VXZ6%B M;&4L(&YE="!O9B!C=7)R96YT/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-B!V M86QI9VX],T1B;W1T;VT@'0@,2XU<'0[<&%D9&EN9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@ M86QI9VX],T1R:6=H="!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP M-6EN.W1E>'0M86QI9VXZ'0@,2XU<'0[<&%D9&EN M9SHP:6X@-2XT<'0@,&EN(#4N-'!T)SX@/'`@86QI9VX],T1R:6=H="!S='EL M93TS1&UA'0M875T M;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z+2XP-6EN.W1E>'0M86QI9VXZ3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P8U]D96$P7S0Y8V5?.64R,E]A,C8T M.60Y-V%D938-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S M,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED.3=A9&4V+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R"!!'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN+6QE9G0Z+C(U:6X[8F]R9&5R+6-O M;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W:61T:#TS1#0R,"!V86QI9VX] M,T1B;W1T;VT@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$)W=I9'1H.B`Q-3@N,G!T.R!B;W)D97(Z(&YO M;F4[(&)O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI M9VXZ8V5N=&5R/CQB/B9N8G-P.SPO8CX\+W`^(#PO=&0^(#PO='(^(#QT'0M86QI M9VXZ8V5N=&5R/CQB/B9N8G-P.SPO8CX\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#DS(&-O;'-P86X],T0R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#H@-CDN-W!T.R!B;W)D97(Z(&YO;F4[(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA=71O6QE/3-$)W=I9'1H.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP(&%L:6=N M/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ8V5N=&5R/CQB/C(P,3$\+V(^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0V('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T M:#H@-"XX<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/CQB/B9N8G-P.SPO8CX\ M+W`^(#PO=&0^(#PO='(^(#QT6QE/3-$)W=I9'1H.B`X+CEP=#L@<&%D9&EN M9SH@,#LG/B`\<"!S='EL93TS1&UA'0M875T;W-P86-E.FYO;F4^)FYB6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O M'0M875T;W-P86-E.FYO;F4^)FYB'0M86QI9VXZ6QE/3-$)W=I9'1H.B`S,34N,C5P M=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M:6YD96YT.BTV+C5P=#Y/=&AE6QE/3-$)W=I9'1H M.B`X+CEP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ6QE/3-$)W=I9'1H.B`Q."XW-7!T M.R!P861D:6YG.B`P.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA=71O"!A6QE/3-$)W=I9'1H.B`X+CEP=#L@ M<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ6QE/3-$)W=I9'1H.B`V.2XW-7!T.R!B;W)D97(Z(&YO;F4[('!A M9&1I;F6QE/3-$)W=I9'1H.B`T+CAP=#L@ M<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M=71O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI M9VXZ6QE M/3-$)W=I9'1H.B`V.2XW-7!T.R!P861D:6YG.B`P.R<^(#QP(&%L:6=N/3-$ M'0M86QI9VXZ6QE/3-$)W=I9'1H.B`S,34N,C5P=#L@ M<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA'0M:6YD96YT.BTQ,2XP<'0^5F%L=6%T:6]N(&%L;&]W86YC M93PO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(@=F%L:6=N/3-$8F]T=&]M('-T M>6QE/3-$)W=I9'1H.B`X+CEP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS M1&UA'0M875T;W-P M86-E.FYO;F4^)FYB'0M86QI9VXZ6QE/3-$ M)W=I9'1H.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$)W=I9'1H.B`T M+CAP=#L@<&%D9&EN9SH@,#LG/B`\<"!S='EL93TS1&UA6QE/3-$)W=I9'1H.B`S,34N,C5P=#L@<&%D9&EN9SH@,#LG/B`\<"!S M='EL93TS1&UA'0M M875T;W-P86-E.FYO;F4[;6%R9VEN+6QE9G0Z,C(N,'!T.W1E>'0M:6YD96YT M.BTQ,2XP<'0^5&]T86P@9&5F97)R960@=&%X(&%S6QE/3-$)W=I9'1H.B`Q."XW-7!T.R!B;W)D97(Z(&YO;F4[('!A M9&1I;F'0M86QI9VXZ6QE/3-$)W=I9'1H M.B`Q."XW-7!T.R!P861D:6YG.B`P.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA=71O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA=71O'0M86QI9VXZ6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`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`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#$T-2PQ,C$\'0O:F%V87-C3X-"B`@ M("`\=&%B;&4@8VQA&-L=61I M;F<@1V]O9'=I;&PI/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD M(#4T."PP.#(\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA"!!69O3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\T.3(S-3,P M8U]D96$P7S0Y8V5?.64R,E]A,C8T.60Y-V%D938-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO-#DR,S4S,&-?9&5A,%\T.6-E7SEE,C)?83(V-#ED M.3=A9&4V+U=O&UL#0I#;VYT96YT+51R86YS M9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I#;VYT96YT+51Y<&4Z M('1E>'0O:'1M;#L@8VAA&UL;G,Z M;STS1")U'1087)T7S0Y,C,U,S!C7V1E =83!?-#EC95\Y93(R7V$R-C0Y9#DW861E-BTM#0H` ` end XML 17 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Intangible Assets and Goodwill

 

 

2012

 

2011

 

 

 

 

Software

$        46,088

 

$         54,910

License

1,027,925

 

831,662

Flash Game

1,597

 

1,597

 

1,075,610

 

888,169

Less: Accumulated amortization

(527,528)

 

(56,728)

 

 

 

 

Intangibles, net

$      548,082

 

$831,441

XML 18 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Property and Equipment: Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Property, Plant and Equipment

 

 

2012

 

2011

 

 

 

 

Automobile

$             145,121

 

$             145,121

Furniture and fixture

14,270

 

-

Leasehold improvement

1,100

 

-

Machinery and equipment

1,319,879

 

1,317,559

 

1,480,370

 

1,317,825

Less: Accumulated depreciation

(816,192)

 

(189,762)

 

 

 

 

Property and equipment, net

$            664,178

 

$         1,272,919

XML 19 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Loan Payable: Schedule of Debt (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Debt

 

 

 

2012

 

2011

 

 

 

 

 

A auto loan payable to a bank, due in monthly installments of $1,346, including interest at 4.39% as of December 31, 2012. The final payment for the loan is scheduled on June 27, 2016.   

 

$       53,454

 

$     180,104

 

 

 

 

 

A loan payable to Playon Interactive, Inc., due on September 12, 2013, including interest at 11.0%.

 

50,000

 

-

 

 

 

 

 

Less: Current portion

 

(64,083)

 

(126,650)

 

 

 

 

 

Loan payable, net of current

 

$       39,371     

 

$      53,454

XML 20 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Deferred Tax Assets and Liabilities

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Loss carry forwards

 

$

2,761,612

 

$

2,281,612

 

Other

 

229,720

 

229,720

 

Total deferred tax asset

 

2,991,332

 

2,511,332

 

    

 

 

 

 

 

Valuation allowance

 

(2,991,332

)

(2,511,332

)

Total deferred tax asset, net

 

$

-

 

$

-

 

XML 21 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Accounts Receivable
12 Months Ended
Dec. 31, 2012
Notes  
Note 3 - Accounts Receivable

Note 3 – Accounts Receivable

 

As of December 31, the Company has account receivable as follows:

 

 

2012

 

2011

Receivable from game sales

$   1,143,802   

 

$     414,988  

Other receivable

123,311

 

2,122

 

1,267,113

 

417,110

Less: Allowance for bad debt expense

-

 

-

Accounts receivable, net

$    1,267,113

 

$     417,110

 

XML 22 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Accounts Receivable, Gross, Current $ 1,143,802 $ 414,988
Accounts Receivable, Gross, Noncurrent 123,311 2,122
Accounts and Notes Receivable, Net $ 1,267,113 $ 417,110
XML 23 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Financial Position, Classified (USD $)
Dec. 31, 2012
Dec. 31, 2011
Cash and Cash Equivalents, at Carrying Value $ 213,722 $ 418,891
Accounts Receivable, Net, Current 1,267,113 417,110
Prepaid Expense, Current 93,749 160,817
Other Assets, Current 47,657 158,029
Assets, Current 1,622,241 1,154,847
Property, Plant and Equipment, Net 664,178 1,272,919
Finite-Lived Intangible Assets, Net 548,082 831,441
Security Deposits Assets, Noncurrent 21,034  
Assets, Noncurrent 1,233,294 2,104,360
Assets 2,855,535 3,259,207
Accounts Payable, Current 151,228 723,569
Accrued expenses   20,232
Notes Payable, related party, Current 787,618  
Loans Payable, Current 64,083 126,650
Other Liabilities, Current 287,103 40,485
Liabilities, Current 1,290,032 910,935
Loans Payable, Noncurrent 39,371 53,454
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent 23,300 92,062
Liabilities, Noncurrent 62,671 145,516
Liabilities 1,352,703 1,056,451
Common Stock, Value, Issued 9,993 9,993
Additional Paid in Capital, Common Stock 4,489,701 4,489,701
Stock Subscription recievable   (300,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax 30,110 17,935
Retained Earnings (Accumulated Deficit) (3,033,421) (1,979,240)
Stockholders' Equity Attributable to Noncontrolling Interest 6,449 (35,633)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,502,832 2,202,756
Common Stock, Shares Authorized 30,000,000 2,000,000,000
Common Stock, Shares Issued 9,992,535 9,992,535
Common Stock, Shares Outstanding 9,992,535 9,992,535
Liabilities and Equity $ 2,855,535 $ 3,259,207
XML 24 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (1,054,182) $ (1,293,472)
Depreciation 1,097,232 159,239
Noncontrolling Interest (42,082) 13,646
Loss on Goodwill impairment   940,733
Loss on intagible impairment   229,429
Loss on Asset impairment 23,642  
Gain on Settlement 20,000 (218,992)
Other Noncash Income (Expense)   90
Increase (Decrease) in Receivables (850,003) (140,346)
Increase (Decrease) in Inventories   573,137
Increase (Decrease) in goowill   2,273,556
Increase (Decrease) in other assets (21,034) 20,748
Increase (Decrease) in other assets, current 110,372 (300,846)
Increase (Decrease) in Prepaid Expense and Other Assets 67,068  
Increase (Decrease) in Accounts Payable 215,277 106,932
Increase (Decrease) in Accrued expenses (20,232) (297,462)
Increase (Decrease) in Other payable   12,119
Increase (Decrease) in Pension Plan Benefit Obligation (68,762)  
Increase (Decrease) in Deferred Revenue   (42,900)
Increase (Decrease) in Other Operating Liabilities 246,618 132,547
Net Cash Provided by (Used in) Operating Activities (276,086) 2,168,158
Payments to Acquire Property, Plant, and Equipment (17,690) (1,284,513)
Payments to Acquire Intangible Assets (187,441) (832,336)
Proceeds from Sale of Property, Plant, and Equipment   60,310
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties   172,690
Net Cash Provided by (Used in) Investing Activities (205,131) (1,883,849)
Proceeds from (Repayments of) Lines of Credit   (450,000)
Payments for (Proceeds from) Deposit on Loan (76,650)  
ProceedsFromRepaymentsOfBankOverdrafts   (20,454)
Payments on Long-term Capital Lease Obligations   (30,310)
Proceeds from (Repayments of) Notes Payable   (43,527)
Proceeds from Issuance of Common Stock   899,999
Proceeds from Stock subscription recievable 300,000 (200,000)
Foreign currency exchange 52,698 (31,344)
Net Cash Provided by (Used in) Financing Activities 276,048 124,364
Cash and Cash Equivalents, Period Increase (Decrease) (205,169) 408,673
Cash and Cash Equivalents, at Carrying Value 418,891 10,218
Cash and Cash Equivalents, at Carrying Value $ 213,722 $ 418,891
XML 25 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Loan Payable: Schedule of Debt (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Notes Payable, Noncurrent $ 39,371 $ 53,454
XML 26 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Allowance For Doubtful Accounts (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Allowance For Doubtful Accounts

Allowance for Doubtful Accounts

 

The allowance for doubtful accounts is computed based upon the management’s estimate of uncollectible accounts and historical experience. The Company performs ongoing credit evaluations of its customers to estimate potential credit losses. Amounts are written off against the allowance in the period the Company determines that the receivable is uncollectible.

 

XML 27 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Operating Loss Carryforwards $ 2,761,612 $ 2,281,612
Deferred Tax Assets, Other Loss Carryforwards 229,720 229,720
Operating Loss Carryforwards, Valuation Allowance $ (2,991,332) $ (2,511,332)
XML 28 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Impairment of Long-lived Assets (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Impairment of Long-lived Assets

Impairment of Long-lived Assets

 

The Company periodically reviews the recoverability of its long-lived assets using the methodology prescribed in accounting guidance now codified as FASB ASC Topic 360, “Property, Plant and Equipment.” The Company also reviews these assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management’s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. In management’s opinion, no such impairment existed as of December 31, 2012 and December 31, 2011.

 

Goodwill - The Company accounts for intangible assets in accordance with the ASC 350, Intangibles - Goodwill and Other. ASC 350 requires that goodwill no longer be amortized, but instead be tested for impairment at least annually. Additionally, ASC 350 requires that recognized intangible assets be amortized over their respective estimated lives and reviewed for impairment in accordance with ASC 360, Property, Plant, and Equipment. Any recognized intangible assets determined to have an indefinite useful lives will not be amortized, but instead tested for impairment until its life is determined to no longer be indefinite. ASC 350 requires that the values of intangible assets be tested for impairment on at least an annual basis, by comparing the fair value of the assets to their carrying amounts. As a result of the impairment testing, the Company determined that goodwill was significantly impaired due to sales of Paragon Toner division. In management’s opinion, no goodwill existed as of December 31, 2012 and December 31, 2011.

XML 29 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business
12 Months Ended
Dec. 31, 2012
Notes  
Note 1 - Nature of Business

Note 1 - Nature of Business

 

Business Overview

 

Current Business

 

After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming, mobile gaming and social networking companies. Social Cube’s strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies.

 

Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX). Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.

 

We conduct our business through two operating segments as follows:

 

Social Cube Networks Co., Ltd.

 

We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines: Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 and iDate.

 

Social Cube Media.com, Inc.

 

We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com, Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States.

 

While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.

 

New Business

 

We commenced development of a GPS location based social platform for smartphones and other mobile devices, which we expect to have launched in the fourth quarter 2012. While similar in functionality to foursquare, this social platform will provide more unique location-based online services and proprietary features. We believe that a successful product launch in a market undergoing proliferation of mobile devices and a broad acceptance of social platforms will provide a catalyst for new revenues and user growth beginning in fiscal year 2013.

 

In addition, the Company may generate revenues through the distribution in the United States of certain mobile games that are developed in Korea beginning in 2013.

 

Corporate History

 

Lexon Technologies, Inc. ("the Company", "Lexon" or “Social Cube”) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation ("Lexon Semi" or formerly known as Techone Co., Ltd ("Techone")) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries.

 

Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012. From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.

On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won. The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company.

 

The Company’s Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Company’s common stock at a ratio of 641:1 from 315,789,721 shares to 492,535 issued and outstanding shares.

 

On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.

 

On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.

 

On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.

 

On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.

 

Pursuant to a share subscription agreement dated November 30, 2011, the Company subscribed to 335,574 shares of Social Cube Networks Co., Ltd. (formerly Asianet Co., Ltd.), a company incorporated in the Republic of Korea, for a consideration of $1,500,000. As a result of this subscription, the Company owns 73% of Social Cube Networks Co., Ltd.

 

On December 30, 2011, a majority of the Company’s directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.

 

On January 31, 2012, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.

 

On February 6, 2012, a majority of the Company’s directors and a majority of the Company’s shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.

 

On February 16, 2012, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.

 

On March 22, 2012, a majority of all outstanding shares voted in favor of reducing the authorized shares of common stock of the Company from 2,000,000,000 shares to 30,000,000 shares.

 

The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Company’s corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to “SOCC”, effective as of April 2, 2012.

 

 

Note 2 - Summary of Significant Accounting Policies

 

This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

 

 

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of Social Cube, Inc., Social Cube Networks Co., Ltd., a 73% owned subsidiary in Republic of Korea, and Social Cube Media.com, Inc., a wholly owned subsidiary in the State of California (collectively, the “Company”).  All significant inter-company balances and transactions have been eliminated in consolidation

 

Non-Controlling Interest

 

The result of operations attributable to the non-controlling interest is presented within equity and is shown separately from the Company’s equity.

 

 

Use of Estimates

 

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are primarily used for depreciation of property and equipment, amortization of intangible assets, allowances for doubtful accounts and inventory valuation. Actual results could differ from those estimates.

 

Revenue Recognition

 

The Company recognizes revenues from product sales when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred (or services have been rendered), the price is fixed or determinable, and collectability is reasonably assured. Revenue is not recognized until title and risk of loss have transferred to the customer. The shipping terms for the majority of the Company’s revenue arrangements are FOB (free on board) destination. Revenue is recorded net of customer returns, allowances and discounts that occur under arrangements established with customers.

 

Online game revenue

 

 

The Company derives, and expects to continue to generate, most of our revenues from online game subscription revenue generated in the countries where our games are offered by us. The Company recognizes revenue in accordance with Accounting Standard Codification (ASC) 605, Revenue Recognition and other related pronouncements. Online game revenue is deferred until prepaid subscription cards are consumed by users.

 

 

 

 

 

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments purchased with original maturities of three months or less to be categorized as cash and cash equivalents.

 

Allowance for Doubtful Accounts

 

The allowance for doubtful accounts is computed based upon the management’s estimate of uncollectible accounts and historical experience. The Company performs ongoing credit evaluations of its customers to estimate potential credit losses. Amounts are written off against the allowance in the period the Company determines that the receivable is uncollectible.

 

Property and Equipment

 

Property and equipment are stated at cost. The straight-line method is used to calculate depreciation over their estimated useful lives ranging as follows:

 

Automobile

 

3 to 5 years

Furniture & fixture

 

4 to 7 years

Leasehold improvement

 

5 years

Machinery and equipment

 

4 to 5 years

 

 

Leasehold improvements are depreciated to expense over the shorter of the life of the improvement or the remaining lease term. Capital expenditures that enhance the value or materially extend the useful life of the related assets are reflected as additions to property and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Upon a sale or disposition of assets, a gain or a loss is included in the statement of operations.

 

Impairment of Long-lived Assets

 

The Company periodically reviews the recoverability of its long-lived assets using the methodology prescribed in accounting guidance now codified as FASB ASC Topic 360, “Property, Plant and Equipment.” The Company also reviews these assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management’s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. In management’s opinion, no such impairment existed as of December 31, 2012 and December 31, 2011.

 

Goodwill - The Company accounts for intangible assets in accordance with the ASC 350, Intangibles - Goodwill and Other. ASC 350 requires that goodwill no longer be amortized, but instead be tested for impairment at least annually. Additionally, ASC 350 requires that recognized intangible assets be amortized over their respective estimated lives and reviewed for impairment in accordance with ASC 360, Property, Plant, and Equipment. Any recognized intangible assets determined to have an indefinite useful lives will not be amortized, but instead tested for impairment until its life is determined to no longer be indefinite. ASC 350 requires that the values of intangible assets be tested for impairment on at least an annual basis, by comparing the fair value of the assets to their carrying amounts. As a result of the impairment testing, the Company determined that goodwill was significantly impaired due to sales of Paragon Toner division. In management’s opinion, no goodwill existed as of December 31, 2012 and December 31, 2011.

 

Accrued Expenses

 

The Company’s accrued expenses consist of amounts payable for professional fee, corporate income tax and interest.

 

Income Taxes

 

The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated based on a “more likely than not” standard, and to the extent this threshold is not met, a valuation allowance is recorded. See Note 10 Income Taxes for more information about the Company’s income taxes.

 

 

Recent Accounting Pronouncements

 

Indefinite-lived intangible assets impairment

 

In July 2012, the FASB issued an update to the authoritative guidance related to testing indefinite-lived intangible assets for impairment. This update gives an entity the option to first consider certain qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative impairment test. This update is effective for the indefinite-lived intangible asset impairment test performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. We do not expect that the adoption of this guidance will have a material impact on our consolidated financial statements.

 

Fair value measurements and disclosures

 

Effective January 1, 2012, we adopted an update to the accounting rules for fair value measurement. The new accounting principal establishes a consistent definition of fair value in an effort to ensure that the fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards (“IFRS”) are comparable. This update

 

changes certain fair value measurement principles and enhances the disclosure requirements for fair value measurements. This update does not extend the use of fair value accounting, but provides guidance on how it should be applied where its use was already required or permitted by other standards within U.S. GAAP or IFRS. This update is effective for interim and annual periods beginning after December 15, 2011 and is applied prospectively. The adoption of this pronouncement did not have a material impact on the Company’s Consolidated Financial Statements and accompanying disclosures.

                                     

Statement of comprehensive income

 

Effective January 1, 2012, we adopted the FASB issued authoritative guidance on the presentation of comprehensive income. This update requires that all non-owner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This update does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The adoption of this pronouncement did not have a material impact on the Company’s Consolidated Financial Statements and accompanying disclosures.

 

 

 

XML 31 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Financial Position - Parenthetical (USD $)
Dec. 31, 2012
Dec. 31, 2011
Common Stock, Par Value $ 0.001 $ 0.001
Common Stock, Shares Authorized 30,000,000 2,000,000,000
Common Stock, Shares Issued 9,992,535 9,992,535
Common Stock, Shares Outstanding 9,992,535 9,992,535
XML 32 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Business Overview (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Business Overview

Business Overview

 

Current Business

 

After Liveplex Co., Ltd. obtained a 60% controlling interest of the Company, Social Cube has refocused itself as a holding company of social gaming, mobile gaming and social networking companies. Social Cube’s strategy is to grow both organically and by acquisition, and to leverage its existing network of social gaming and networking assets together with other social networking companies and their related technologies.

 

Our majority shareholder is Liveplex Co., Ltd., an on-line game developer and publisher in Korea, which is publicly listed on the Korea Securities Dealers Automated Quotations (KOSDAQ:050120), a trading board of the Korea Exchange (KRX). Liveplex Co., Ltd. is a leading developer and service provider of mobile and massively multiplayer online role-playing games.

 

We conduct our business through two operating segments as follows:

 

Social Cube Networks Co., Ltd.

 

We have a 73% ownership interest in Social Cube Networks Co., Ltd. (formerly AsiaNet Co., Ltd.), a privately held company incorporated in the Republic of Korea, which publishes the following game titles, primarily in the Philippines: Dragona, Genghis Khan, Weapons of War, Cross Fire, Special Force, Twelve Sky 2 and iDate.

 

Social Cube Media.com, Inc.

 

We have a 100% ownership interest in Social Cube Media.com, Inc. (formerly Gameclub.com, Inc.), a privately held company incorporated in the state of California, which publishes online games in the United States.

 

While our chief decision makers monitor the revenue streams of our various products and services, operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, we consider our operations to be aggregated in one reportable operating segment.

 

New Business

 

We commenced development of a GPS location based social platform for smartphones and other mobile devices, which we expect to have launched in the fourth quarter 2012. While similar in functionality to foursquare, this social platform will provide more unique location-based online services and proprietary features. We believe that a successful product launch in a market undergoing proliferation of mobile devices and a broad acceptance of social platforms will provide a catalyst for new revenues and user growth beginning in fiscal year 2013.

 

In addition, the Company may generate revenues through the distribution in the United States of certain mobile games that are developed in Korea beginning in 2013.

 

Corporate History

 

Lexon Technologies, Inc. ("the Company", "Lexon" or “Social Cube”) was incorporated in April 1989 under the laws of state of Delaware, and owned 90.16% of Lexon Semiconductor Corporation ("Lexon Semi" or formerly known as Techone Co., Ltd ("Techone")) which had developed and manufactured Low Temperature Cofired Ceramic (LTCC) components, including LTCC wafer probe cards, LTCC circuit boards, LTCC Light Emitting Diode (LED) displays and related products for the semiconductor testing and measurement, custom Printed Circuit Board (PCB), and cellular phone industries.

 

Initially registered as California Cola Distributing Company, Inc., the Company changed its name four times; first to Rexford, Inc. in October 1992, second to Lexon Technologies, Inc. in July 1999, third to Social Planet Inc. in January 2012 and to the current name Social Cube Inc. in February 2012. From July 1999 through October 2009, the Company performed three reverse acquisitions and recapitalizations, which resulted in the change of the control of the Company each time.

On January 1, 2011, all assets and all of the liabilities of the Paragon Toner Division of Lexon were exchanged for existing Lexon shares, specifically 133,300,000 shares held by James Park and 66,700,000 shares held by Young Won. The Internet properties namely 7inkjet.com, nanoninket.com and Yourcartidges.com remained with Lexon, and became the main operation of the Company.

 

The Company’s Board of Directors and a majority of shareholders on June 6, 2011 approved a reverse share split of the Company’s common stock at a ratio of 641:1 from 315,789,721 shares to 492,535 issued and outstanding shares.

 

On October 3, 2011, Lexon entered into four subscription agreements: (1) Senderbell Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (2) Treasure Chest Holdings Limited subscribed to 900,000 common unregistered shares for $77,143; (3) Blueberry Enterprises Limited subscribed to 900,000 common unregistered shares for $77,143; and (4) Hockworth Holdings Limited subscribed to 800,000 common unregistered shares for $68,571.

 

On October 26, 2011, a shareholder resolution was executed to nominate and accept Byung Jin Kim, Eugene Lee and KyuSeok Lee as Directors (effective as of November 26, 2011) and to change the corporate name from Lexon to Social Planet Inc.

 

On November 23, 2011, the Company issued 6,000,000 shares of its common stock to Liveplex Co., Ltd. at a purchase price of approximately $0.417 per share for an aggregate of $2,500,000 representing approximately 60% of the total outstanding common stock.

 

On November 25, 2011, James Park, Young Won, Bong S. Park and Hyung Soon Lee resigned as the Directors and Officers of the Company.

 

Pursuant to a share subscription agreement dated November 30, 2011, the Company subscribed to 335,574 shares of Social Cube Networks Co., Ltd. (formerly Asianet Co., Ltd.), a company incorporated in the Republic of Korea, for a consideration of $1,500,000. As a result of this subscription, the Company owns 73% of Social Cube Networks Co., Ltd.

 

On December 30, 2011, a majority of the Company’s directors appointed Byung Jin Kim as Chief Executive Officer and Jonathan Lee as Chief Financial Officer of the Company effective as of January 1, 2012.

 

On January 31, 2012, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Lexon to Social Planet Inc.

 

On February 6, 2012, a majority of the Company’s directors and a majority of the Company’s shareholders approved changing the name of the Company from Social Planet Inc. to Social Cube Inc.

 

On February 16, 2012, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation under the laws of the state of Delaware, changing the name of the Company from Social Planet Inc. to Social Cube Inc.

 

On March 22, 2012, a majority of all outstanding shares voted in favor of reducing the authorized shares of common stock of the Company from 2,000,000,000 shares to 30,000,000 shares.

 

The Financial Industry Regulatory Authority, Inc. (FINRA) approved the Company’s corporate name change to Social Cube Inc., effective as of March 28, 2012, and its ticker symbol change to “SOCC”, effective as of April 2, 2012.

XML 33 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information (USD $)
12 Months Ended
Dec. 31, 2012
Mar. 08, 2013
Document and Entity Information    
Entity Registrant Name Social Cube Inc  
Document Type 10-K  
Document Period End Date Dec. 31, 2012  
Amendment Flag false  
Entity Central Index Key 0001065189  
Current Fiscal Year End Date --12-31  
Entity Common Stock, Shares Outstanding   9,992,535
Entity Public Float   $ 1,385,901
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus FY  
XML 34 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Principles of Consolidation (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Principles of Consolidation

Principles of Consolidation

 

The consolidated financial statements include the accounts of Social Cube, Inc., Social Cube Networks Co., Ltd., a 73% owned subsidiary in Republic of Korea, and Social Cube Media.com, Inc., a wholly owned subsidiary in the State of California (collectively, the “Company”).  All significant inter-company balances and transactions have been eliminated in consolidation

XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Income (Including Gross Margin) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Sales Revenue, Goods, Net $ 4,555,330 $ 580,119
Cost of Goods Sold 4,316,247 450,942
Gross Profit 239,083 129,177
Selling, General and Administrative Expense 1,207,159 448,146
Operating Income (Loss) (968,076) (318,969)
Interest Income 206 602
loss on foreign currency exchange (52,965) (9,005)
Gain on Settlement 20,000 (218,992)
Loss on Asset impairment 23,642  
Loss on Goodwill impairment   940,733
Loss on intagible impairment   229,429
Other Nonoperating Income (Expense) (7,792)  
Nonoperating Income (Expense) (104,193) (959,573)
Interest Expense 22,395 1,284
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest (1,094,664) (1,279,826)
Current Income Tax Expense (Benefit) 1,600  
Noncontrolling Interest (42,082) 13,646
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (1,054,182) (1,293,472)
Net Income (Loss) Attributable to Parent $ (1,054,182) $ (1,293,472)
Earnings Per Share, Basic $ (0.07) $ (0.01)
Weighted Average Number of Shares Outstanding, Basic 9,992,535 292,687,341
Earnings Per Share, Diluted $ (0.07) $ (0.01)
Weighted Average Number of Shares Outstanding, Diluted 9,992,535 292,687,341
Weighted Average Number of Shares Outstanding, Basic and Diluted 9,992,535 292,687,341
XML 36 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Transactions With Related Parties
12 Months Ended
Dec. 31, 2012
Notes  
Note 7 - Transactions With Related Parties

Note 7 - Transactions with Related Parties

 

Advances from the stockholder are unsecured, non-interest bearing and due on demand. The Company has $787,618 and $0 due to related parties as of December 31, 2012 and 2011, respectively.

 

XML 37 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Intangibles
12 Months Ended
Dec. 31, 2012
Notes  
Note 6 - Intangibles

Note 6 - Intangibles

 

Intangibles consist of the following as of December 31:

 

 

2012

 

2011

 

 

 

 

Software

$        46,088

 

$         54,910

License

1,027,925

 

831,662

Flash Game

1,597

 

1,597

 

1,075,610

 

888,169

Less: Accumulated amortization

(527,528)

 

(56,728)

 

 

 

 

Intangibles, net

$      548,082

 

$831,441

 

 

The Company amortizes its software, license, and flash game over the estimated useful life of four years. Amortizable intangible assets are tested for impairment when impairment indicators are present, and, if impaired, written down to fair value based on either discounted cash flows or appraised values. As a result of the impairment testing, the Company determined that intangibles were not impaired as of December 31, 2012 and December 31, 2011.

 

 

XML 38 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Property and Equipment (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Property and Equipment

Property and Equipment

 

Property and equipment are stated at cost. The straight-line method is used to calculate depreciation over their estimated useful lives ranging as follows:

 

Automobile

 

3 to 5 years

Furniture & fixture

 

4 to 7 years

Leasehold improvement

 

5 years

Machinery and equipment

 

4 to 5 years

 

 

Leasehold improvements are depreciated to expense over the shorter of the life of the improvement or the remaining lease term. Capital expenditures that enhance the value or materially extend the useful life of the related assets are reflected as additions to property and equipment. Expenditures for repairs and maintenance are charged to expense as incurred. Upon a sale or disposition of assets, a gain or a loss is included in the statement of operations.

ZIP 39 0001504412-13-000096-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001504412-13-000096-xbrl.zip M4$L#!!0````(`(>+?4*V@6)G`&4``)@7!``1`!P`;&5X;RTR,#$R,3(S,2YX M;6Q55`D``VT'5E%M!U91=7@+``$$)0X```0Y`0``[%U[<^.XD?_[KNJ^`U*7 M78^K))L/O>C9V90MV[/><6S']F9VZNKJ"B(A"3%%:`'2LO+IKQL@)4JB)5&6 M9CR)MU(9BP2Z?VCT"PV0_.DO3X.0/#*IN(@^[-D'UAYAD2\"'O4^['$EJJU6 MW:O:>W_Y^;_^\Z<_5:OD1HH@\5E`.F-R=OKQ^%8E/&9$B6X\HI)5R''P2"-L MT!:#81(S22ZB2#S2&#BH"OSP#RIP;SB6O->/R;OV/G$LJU5U+-LE_W-S\[OW M2\/YS?K5N?W?`S(:C0Y8T*-2' MA_CS0,C>(5!M')J;>Z;II`V2S;=S#WFD8H2=MCP*>?2PI#G>[E`U:9ZH:H_2 MX:1'EZJ.;IW>@%ZV7;7LJFMG7;H\G&$0LB<1QWOE]-J#5^5$$;$XNBOD'/?%X"#<*(&$37D)(3PM22F'9GN<=ZKM9 M4U"EFF,WEQ$W+?9@=O_C)^QZI/2@;EF7:%)'\7C(/NPI/AB&"$%?ZTO6_;"' MLJMF(CMX4L$>.=1T8)Q'I\)/!BR*[Z$[\5'&3_$M]OIB.WL_VU;UTT^'\^T6 M.M\PR45P%@6G-"Z@@KRK\#_7GJ4UTVU"]!AN!7C[/*2]16)=&BIFZ,RTG/0_ MBV(>CV]9CZM8TBB^HH,"3'?"YS0D[:3#T.H,P:*NZ38BV$REQ`%SY-/S"J'Q6B-6\!)_K-@?VG(=,MN%Z3\@" MJ'<#&D(#&G2(RB.T:5B%APH50"(U]!])EN"_H_G8=S MN%*`%2U@5O?GNCQ#TEC(,T3/OQ21S'69$\)-T@FY?QX*&I.`^1QF'YS^Q=7Y MW@SM"]NU7*NU1Y*(FRN_W9V"*W`AUEEV7CPY@II5ZLZ/[F+A/_1%&,!$G/T! ML6D,%A8F O<,9%=!S'DG>2F'9"=B^N1(0`I`C!:_4N`(ID:BG&,]OZO[OX M[`_45U6%_Q^(2'.=1UVWK:9G_72X76C?=+3'07!#>7`1M>EP?K@P;RW/JO]+ MC?>6Q92#[9U1&0$!-3_F:J-5;S9:W_^8YP?FM&S7"USX].$TDBE$[S[_3,&%7;*3OJ&4XOMCV M>G[(JUOS7F@5WUTB7>9#''"8KP#MHC58^-\.8!D=V=I\9]J(4[X.X#GVVT?\ M=;%I^1_[X)X4UZO:K=A/?>VIS[/>,=YE5F2WUK:A72->L"1W9]",OFQS]B>^ MW2JCL3O'_=41ZNFXCONP:-F&/<%*LNYX\[G%,K:[`KDT%'EVTVM\*Y`+,D/# ML;>,)DU0MC&QF2*FJ@+V+TOBI&HU5;LS*C&QO@-Q1V-8!=0[V1HLOC2Z%* M2'+E$MYV/+?6=*;PIEQFF%^Q&):\8L#PSDN7W+,8B_LO5L$:M9S_*HUG156A M;.ST_620A#1F@>Z)5Z4!M`"\Z;E+ZT+/>-N7P%M/I-6:!TO.KP&M(*#;;JWV M4M;;+P6M6U3P//>[+WNM&]%JM9;77$B_ON_QKO:+7M-S:M]__7I73NN[&_R: M+M&M-]P=FW:YPF%6.X[H)C%/*4*UZS6Y]]03&V2#: M.E8>YS?(8)P-G8%C-[]&!E->IJV:W7AQ%K$.LH7M/J_A+H\.WR9_467RCO$1JVV=$'WM;.7U?[HZV0OSE?, M7C9.4=8N\&Q5H;,ED8B%WW'-=;@X>V?U17 MJOK&`YP]#5FDRE9"\R>4GJ4YPQGN2$85.V7FWXOHEOF,/Z(%E=8,W*JT7RJ89QBM@#=1-=/:="VK/(X-L[8,6R&7[2-;%)O5K+5V`JS] M`GE!0N#F7>0Z++:,:='R7,MJ+;>\TJ!N)!M"*GS*N@PZ!:D/.XY,SK21Z!I- MJ[%T0M?AN0(V)';JC$A6'QZ'%1Q6J`N":CEX7_%@`KI/XM&)WVF5E]V2])ZWNYR5%_. MN4B-R[,&RV.\%YG*AC\^>_+[$$+9+;C[6S8`A4HD6Q429^OZ-]!C[^P5>=.O6T$[AE??\XCT+*7Q#W,]VNKT^D"1CO!5[`RK[GYW?X- M\6$?2(7P'U3+1TB4<"&O3]W.+\(VR1P:.3]0AM>.0"Z(L0:+NJ:[,XS',"E2 MCD'^*T^F%SQY:UM.?MF^%HO9?4%HHM):PT':^Q/PS\!L8&N";UF>EQN+)^UVNTK&8.10') ME[$LR([MEI=W]:M8FK481G/38,UCAHM[:S.[1<4TM\"XH-;@E&0\E]W<2UC2 M4Q\7"!\ICU!`)ZP+;>[I4]GYKCM>H_YL'K6,TVX0+JJ'9UE;`)C=3P'KPO,_8M;K;A9< MJ\UF7O66TYY=ZVP+@6W5[/R1W)VR+_!6=:_>+,T^\_J;C=F!E*V>#RDSQ#9G M5)"XM6KK\LE"-U8NVD"61PF(((WM(DK=M&D'SIJILR?(;(0$1:5R?!&S@=KH M:8("A?!JC<;L\9Y=87L=,BC:GFIZ+:?Q]660'K>9D$EUY022VO(K$[N1#[?+ M2>_TB97=/I"R[0>$=_K\[VI%VO9A[K7.!>\&UCQESNPSSSPQ? MT<"2O';%=*BYR\=SVFTFF[^I,3F6.?E M?LK#!`CM1J-2XB\'L*E6%0%X1G9ITU)/G+Q,LY[CN#NT+].NE^`MUDQ80:\Q M_6L^U[,AY]VCWX5-/X/_6O9HQ/^I8RF$5R5"'N@?T/X&R$!.JG]>=]/],QKB MRZ%UF46=J@''*?,W4/@SL)<0-]WAI^_C&, MW_^I6F6]IVKUQU[\'G\/B8K'(?OP(QT*]7Y`98]'1Q:/TC^K'1''8G!T@*_V M'L;OD6"5)K%00^JSHTA$;/X:#YCH23KL5Z-DP"1XU>D5@0M[PRH#T,$_\)@` ML4F57-$8QDA$EYPD"H^G*&QSV,E:'P[Q+_+MD=/!\'W443_MFN-]XKHK336 M&Q.N2"Q(3XH1`5GVB=`NWJ=A.-;$._#/]%V7%7T-.H3,A!$$3]@3UP<$,P@+ MJ'6O'#YJ#M#&HL?T:Q-&'#GK/Y<,QO#N,RY!>+J@3_"3(I$(14^/]37ISNO4 MZ.M$D@']AY!X/DMAZ#_[!T66 MR]'(0D;39#8_&H5AQF=D:(X"2:2=&AO>'H#2`CT8T"`)8SX,Z1C;1%HX8/VL MBI>0+$I*';RF:7^=ROA9?R8E2'QPEJ"7G2Q$Q7TIDEZ?@`<@DPT$F)Z>3B/1 M3W;!V8J1.GI-HWF=,D8`'/_(AY\KXUS5Q"XT8MWL36W74=L^?02G0)KN#T2, M(O!>?3Z<1GYPADNE?4#>=84$+N!+CA6G>,YK"1 M+^102.TEN?&G^`Y0=+3HK69<<.:-A)G+.\4MI M=T.F17`NI`\_[TBGV;K@`&H&V^+G+K MU9@^]P=61(#.)T22TJP]I$OG]J=?M@NG$??)'`D2!#'[Y[X`8!Z'X@(=4 M+W:[T`EA@6>&A330PFX*.T&N$V.&-(]4GWM+EY8`#IQ`$O$_P)%D(ZR:$:8. M/7,=9ITM!<0-AI]')%VFR\M@_""\#@LY2`TXTA@$IA(?NJAN$F9^*!T>0J;@ M=>0#I)I)!!ZB)]#4H16$EM1-Y-:[J=0T4_65U#RP"/U./Y!YS^HNP!I]IG$JN=N<*C MIH(:)Z<5H6!2`YJ=T1W-XFN?E&D!/LOKR"\@;"'';_%A?527^-EH'9X2J"]T"&$%DP M)$#JZ5,90`M]W>?23WAL"KC9Q4O]O?2S`8]U#GK*!821=Y=GI_OHI+"R:B)' M5OB?Y-G=-"]7,S*-S1L+S+"FC\!6B)^`$0[(C<05'8PFQ7*BB\GO;MHG^V;B M?!:&"09[G5C`T(($7>7;>FJ]B`312.\@2?TM;H:*`XHZ7402J=SMVR)R`>I!X"#/8:5*$#*FA[ MGE,!!4'UP(;/>A7H\VL"J/$+[SJ-D[I]ZB/P]2>0/DU:@K5@0H898K8KAJ#3 MUQ$:H'.?*=<=SUE'3GH>$#RJ.&4["<\9>,>RO%EII,M$W/WJ2V8BNU0LOTV7 MV8IOWJR0GMB89,&0/B9AKM*0[IJD>RGI;N;';3K5/;=2NN955@T&D#4_#IC`$O)E#`]T'#:S0JS>*&7T0" M3#Z+Z(#<]U%_P)!0`X?F?3PX"%0RX-;DT<,_6&QJ31$%F<(%\UOS`$K2Q[?? M!#WP8'@5_*'9P=9;KWH@QO%U0&FP0-S'*@66"8:YY4%.'][\X&I4]W.I2;KW M?I+M7)Y"1,5PE2VT)CNSF%!,-V>QR@<>`L)0PZ@XH4-<:>GS!YGUZ_:@@Z#= M`3/!PE5XSZLG%'HV:?623+GHCUZY7FBVOTG3L3"?!N=7`B];= M.N'Z>W\FO)U:<3V-3&[FLHPG89$)E9";F(H"K.@[RI=\J`V0 M]L#=ZSW0(_+.WH?<$-/0#F0JY!=S;`0W\0=Z^99V[#`=E[S4P:33GT2YN)Q. M,#JV/S>;%;OFOB?OG'UR+TW>1-I]+'QOFX.[3T["A($4P'6?X<`AO59L6_11 M.]_5]@&V_S`26-%9,8#6F@P:K4J]:;^I>1DU=QJ3T#QSZ`2$*D)3?,`%%WMB MOC[N"M,1B0&/<$FE/:,N/9&3,<;#7['.P"'.G258W`#3,8T^C9,[)A[,;Y7S MK>]8M\OP+2[Z.GBZ*W"=@SRN_2Q_2Q,ADP5EZW:3<:)?-%9:F!&^)LF_6GV8 M"G[B^/(99AI8&FB'^7P(I@PS_YG8A6G\XND>'=&R;V+B7ILI5NIP^<0'9N/M MS]9!S6YB&IT&3;1K&DVW1[#+GR'6I2@D?CX`CS;K!>4,*3S\EP;;6$"B/1,0 M\WC?]*.3W2I% MEK/>=6*?Y>S>?KH"@:&(-0AP\9"L_/KK[ID!!B3X``E)(#55>5`D,-/3T].O MZ<>G+,8Z=&1O.U+GK-11#(_\-/F6]KI51[XL@WN]`0C7OG+N:\71A&MQ-#4# M9X@1Y)>HN=7SG25Y00?F(9T;[6=./7C5HR"@O+SH'DQQBA+:M90V;7([20_X MPUOFKA)3V6C:8/5XQ>E?+B/N^2LI$^2:D6P`2+(7:!# M201US_&:OV3#*R4W2NXVV6^7*_R^Q9;G+MTVH;;]&VX-3_C8:X)HC"!^=21&S*17,?:U#FZ9,KF MJ$T4U#H%:I<"M:N\%#/^N)N,V_*8+N+RE9]C'^!?8D=-'HU'J;7DTBZ\$6M1=Y>T70Y- M3X&J4\9"[IM(4H`?QU@N`[\88HGM\\IWM958;1/1M?,HO#BH*C**\$-&+K^" M?#$71:WZ07!D.7M]G"2C)T;`%QX!(Q;)O&K^PT/=^$V1..JK_DH9R+3=[VK&<5&:]<>(4K-IA(@H\5 M.M`*%QW_^+HC/@^[/QJ7H*FKDH(2I2ZDWW7J!!@P+C+WBWK%B<+26.#SJSYB M9.X:?3W.-JMK.'6273^SOT7AQ952E$*6LCO7`ULXY-5$*Z6VGW0@P*L7E=4Z M2NH+QD0!+3+>QH;,!?0D8;AMPF4L7OZ1];A!S^"O=M9WQGB2+6BGE#D_J-:V M]_>$>.MUDM(5<:)W^U`OPI[:K)`9J';C6:5HQL9T[YA17T;5;$!&@EFA!I-; MS'W1"5A.2Y%L2:DQY"G@^L&"JP<\V5+)--MDV"#\Q%&HI$Y$2;S7Q70Q4]+V MJ8`0FBT>VD`PFD28"!+E[(O)CHTF0A.G(B"8(BOR`NHB9I;B9Z-[+K=IY"B; MIIA3EBLZQ!'#.Q@//3H\3=7',-5+-\U@/9P=HSV48:,7?X:)`()=1HF"NQ-U MF33*,F3+Y,_,C6Y#_\GTZK/D&M(;$7-D_L&2(O&-"%#F12;8:0%T951`G1A4 MY0ZO6"'BM\T\SYL\!&(PC[\`YRK)'"P&9#!,=Q0ID1A"%,?H1"1&05'B<)H\ MZD0`YP2+?D4NI0=XQBM,7)4YGH4R'%-()_->F\*D]WDN^,S_AKFA>,Q!84%] M&0ZLR%3ANCL/;'_@\#I)A$\\$%^*<7&?B^4`1U&7A)PRX`5!>-:`GY"C/,!: M'@09*>Z\_W:1Y(!I-"SF+AHLD;`DYP[#5%"9DK/']9S$LH(XSN'>??S9>#7# M]`;,_<6`Z=>P=@R[%ZSFGXB.!GQ:MH4 M<5=4`@3FYEO*W5. MR@%GDH/(08JD)CSAF+&'3#OFY3UX[K)#U5EG%-H]116*<['-LH/2YZG4!J6_ M$RM0;AMNT+>-*1U7D<>OHBF5\_+FZK4Q[`[,HL)1A:Q?*8;$BQ*-P/J#-DQ+H7_$'6W>SC<\!BJKX9SBTTCA8\Q1XP,!J#. MVZ4(#>DZD-5[4KHX<1D<=5PPX*Z$`1WN=LC1_Z2Z7:^EV_6L3OQ%&BU5R&(L MW5(!JO)-P&;IF\Y@XVK0]KBXIP8E;Z91X)7>PW'XT@+_-GSS'S@]_NR!?R7^ M>,.OG?/U[3!=U>E"K+@8*!E.E7YS.GSDIO;7:]6.;:8?@>!/U M\*O7*3KGXK_\;RH_U.7_H_HZ.#*7)18T6_OEWO?2N?AN8(_%MQ4$2F1C MCSH36"F?_0(9F[-,V!OYH0"?@QH;M'0Q/([`/Q5/>"4`>A,)UIWZ(L=S!6CT M[AM[8G<&`)58(.Z0,>CTEZF1?UH!K(&-5;%BV9VA.LQZM"$PLWGZ'D1SH$[ MG)/WUOAEK=(8WTDRG`:;S@3D))9T:_H*R MFG(;4+,;S6[:@O!CV=^B(%# M)4_$\[*1^DC27.40KK(+SR^&R32@TYRH$?<#><_:[>#30*T`5:GY):)1@O#_ M\WC,? MW".[5USVL'!.UT/X+MY(,1P(W=XQKE6@\/Z.PI1$,1=<#4!`,%*0TAPVJXPI7I*?PF<[QN]+ M:HJ$8;P4%NLGL`6^#&K/(]F-6ZIAC&6]*)[5SU/WRFVV9-.9(GWHA?:L*-]F MO5_@#DGD?(C"VPN\G?",2T+P65UK/4N\![^F%37#8X9MSA-Y,8N<049UBYOC MH-@!<12QZ11/JN=W3UC0_H%2V419/1&Z*$(5;S.?QS"&T;WA4K@B/\'O+F]^ M-BYOKHPOT1*`[PV[2MABD0PJ;\=,*H*3EF\Y94YE?_RC$M6H+M<)DDA=9B*3 M3H@?^`6U89P]%K8V,,@QI>`57I^#)_Q@UX9%DO*(;M"?>?F?_%;;=>*8DF=X MZHT,SL>9J"D.1L!/%1SC9??G-827X*,H2W%_3I&3E*(32^0#^,QUJ,]Q%LKP MGZWP^*6>[IB$[0VT(8IAB`F.1C\1) M@NJI+&.?:N@JV4FBGQ35,^!9DKQ\J;_`SE71)OP54'6,][/R4UR>E#&$*.:1 M1@J6^<(%3HJ&/A[#.%5.%Z+D.&RD0B>2J2OY#"!Q0`**E8@%P'X5 MR%U='?OF,N;Q8U=7#ZC=M`QR6_DD4`"R:MC+*9,9=\R#@YQAACQ0@H.-%JA+ MC4C?4V@%!D*=#IEKF*%@@.F$?L53DZHG5X[`^HI5,-3@`RQ^(BH:%:3/`Q!X M!Q%DU>L@5L7#(U`H-59$A+DB(XQ+-<2^"E:%B\@F?7CH0X_-?,S4+,=)"'RG M6S!=C68>*T]2%35=?W7BTAX6LV_:^URQ3BJS*C=O-^JQQ8Z+3><-/LT*05/- MEA+!\.#'%?:65-2L9>K\HE52N2"?BHH296.==J7>`S:.EMS9X]D:<3Q:UZKHQUE^_YO:6UNZ/U>Y5VG8$Z!04S;[4 M#E_<395K&C(M6=@?^"(>0I#BC&<&K]2+X74+^&]3EMYC?O:&N@UK0A=7F;<) MVP0>][>5M3"$"LT]4>(.$YIS.XF,'7H+0>=!XC3Q!2SM'O/[.B`*]\.+:(KH M"6N1A8[+=/"T<:>;KQ#VEJ8:D'%8E. MS$KC%<8ASVT'8-,`G7M(4KS4)FI'^VPU]8L6%3S]<'T991-1`"S+5)3+!JT& MT#NI=!D*$Q%1E74VK M:Z@53B14QR#3*TDT9_:7#?)HNU+9SW'4I]AD4X)4*J*7,82W9CL+S M^]SZ$\[7"I=";E!I#.\/U7O1<+6H"$]^Z+S#H)$M/?+L1FJ!;RSS"J(R]V7+ MVRE\2O3]]7?O6-D,1SZ.:1M\OEOA`<&.?,C1N:^6F!]VYJ..LS)5,^^/CGY' M"1NV48YX@E=N2J-3F[+[.=NF,JZ\T">$4=0 M_1>;!DGDK#@?RJA'*9E7V98JVQYK*(^I-,G%,69^@KE[7$,IVM,[,[QPO<%B M8.0^L`:BDK=Q[6!3(<<3FX[5`7'):8K2\E^@UD2$=:[-%,C/7Y"M@7(:)5\& M]V7EUZX$--=QL#C%SJJCVL#;GV6_*XZ!TO^[*/\#NC3>0S\FL\:,L`L9Q]/M M=-O_M\H]3:%15;T`7,[RE57MDF M4F@G@W:.D!1L/"ROBC8\$8)1Z#Q)F,K!S M&8;W"KS24)+3H"AZ6Q`QO(#$N$,\D_?17XB[6;J[X*;SNJ#-W?1"SEJRM*Y< M!:Q9.D("7FA_7:*62B+!YO"KYLV2=8.9>J4*V^)PWFRIQ*F(C?9)8JIDK3\] MS:=V,5ZI\MRH@6Q(MS&;@W0CC9N<,EK9>0)E9\V(K;99H[QG1]ZW9-.VE1EP M^=;9HA[5_`]6=)\RI1JY\SG%AS%4P*C"YBLSA=E23D\ ML@H\@X2`D=Y'>7%T$F#D6Q>]-,L]72I$H])X&XR\A5C=(DM$H%91.9F+K4V` M4'U6LF+9@ORZFY\N!G<#;%9#D7!X[\]2!?%:`IWL>3T=J'[Z(4LN;AUG^>9C M?.N$HCIWJ=7*9>A]4GC%QUE.,07!O,W)`YY6.F,5;F'9%^L+@/]S`!SBK__S M?_SI)SGYA\@)$[P&2+[$CH>#4+33Y[Q&D#)#/@+Q"OCC,YO]Y?M_6_;W?\5U M_:^+"W;[[>)""INFVUT4#<%Z\OYD@-U(9-Q7`3-A^5%;@)U+[L+E>H2-&A*$ MY:N%D:*6C5JM3]..M3Q529J-Q6=ZE,6U?_&9ZG3(WLYTR'[/KIM]UN_LGWQ6 M`4`KMW5;?EZW=A[DV"(%EN\>!UGLI%@<\668)?2B>X3)V3HA:[D5$^7XIIBS!U`.&-^W61,^R]/+JS]J*[O9+'-;*)%[QX.H;G/C7W;(A`MV0+QD""MFSSFKGT]$Z);=,WM"_&MVV1YV M>8:D9IN6;6N6^/P$^A*U242 MZ+AC#S91:&-Q;&?,44OB9[439;OO$_<@ST8M=?%D9?..B\X(WBJ/I3Q$V+WH M5SQ4GK"R/\P_:&0Y",RX+2M9TW6R1\9XO'EO&S/6I**96J^L=F.-V936VAJ8UL5]KKJW5ZG93JC6>F*/A5DK=S=H[EA\^*U^O`$`KU+5TF4H,GILB MM MT5@K[<^JM.N#\?0'`XMMC&QS8NWK7G_BL@9-"9>#,UC?*FX6F?,N\MQYUYSO MAO;0[/>Z)%"^LRQS,!GD[5MYWU46>O!LJ;\$9O;1&_"A:V)#]J+]6['Z(J6\ M3A9X*7W\ERCRL`4KO/,^;QW[[)4;CL@H#M2$\Z%Q813+XM6]=9;Y'D`I2-.I MY>DAC4X:2B+OUM#GC]/:*V8ZJ:S=YW)SE"GUFU:DYP_>V4/<]9A=&H[\_H#\WNN(8C[YDUHC:=N1=)8D?YS@9]*7'%TQBEMFU1^9D:[R<9D`OE3K&//ZWAO%AZ0K=PO[]O MX=67%G_]^$#EW^6S7X39@L6^:Q3?1-BPJX!*Z8TF#3^6&'Z:$&BS*$Q+T$T= M]^MM'&6A]^9^[J<*SA-Q]6\6?=*H[BNYQF^E:QP'I(5'=XP'EC-`VX+LSBQA MLRR`UV<,HW5G41;SL/..<2E,4HR']7,.;C@4_6W`K$8*XS#>I\V'U?@Q]9JZ MG[-0_1LL`M]UTBCF+RUCEE#.%$!J&OY,/,K@C_O83U-X&2R($(/C9_`]\K", M&5,G@9DPB-Y'7!J>G[@BBM[%Q[J''@/P6?H@A_7,G5;"5&/<,UAQ&:;[,];AH)9Y_]5NK M4]K!%W6R&@*JR(*HE\Q0RH/XS,A-\\F)TXFG-(@A@9%X:Z))"7 MZ=P0"S9PQ;Y.C:C1^MF[C\<@<6F.>-=2EQX%?QF+3 MEGS3MG(:9"X;,X>>'8O;#W*-T[C2F7;ZG'TOFSJQ8SBQV*87#N<#J7/Z<.Y[ M.-S?PFU7;" M$?BG379;M]M->@>I8N>R.:U"%E-IZ0<4L@!-,YQ:Y#4 M,$+&W;HT,^P2R31YZ=$2]`5'YH+5/W]G35G]S234:_S>K"5X"H[,]FHEQV^A M5'_N4WA:*&F$R9\O>C3%;&;>^U/,.D\_(_1H-KW5A#1PI+*9"'\[QM0)OYKD MB0&H%U&8SH,'^)BD3A"@ZYA,S^\LL]_T)G_>Y+7A M7J"9'SH!3DS>:%DHAJ#Q$R-QY\S+`NXI_WL6,L,>T=O#3G4V7*N-B1;?(U9+ MF1WH$(*F%>@HV9^=+M[^'GQIO2/1]HRR(UM*9 M6G=LW#6M[C:BTE+L:51'+0+.6`3P+_S0`V7C#4)^`L;'DY%/P\AY":S^6)1I MIK[=-%FU2CX%S@-8`N_Q#8>N>4WXP^V8\H+YABU3;F98-AD*O4VV"9S$[I]7 MKXBUM-#28J_3/>B:W5I]7+6DT))B`\IJ=&?5`D)K_9J/:ZU?\_)3IB?-U+;O3?'W)XOQ>,)>%'2@RX,I3ZFG?MN,E:G6P[[9 M'??J]#K4@N1Q!(DFW%J$:]E#DO);28J^BQ<)/*4;U,O2NHA`K'+#0 M]=DYY+=/C`M#62$E/Y?62+A[>>FSAQ0N00!\^2'CWL=;)S`^Q9'+&!Y(CLTL MQZ;_F'@]:`F/A]ABDB]SK/KA4.4/8\E"BJ8("%7+`E6&<^M@@+B:@WQ<$G[; MZ>=+J4%D>A\)I+B!XR\2T[B?^^Z M/.0%DT'X"O`?L">G498:?W?"S(D!HT/"Z(B6IXR59-.$_3?#L;+0QV(7,2#9 M8ZZ?(`ZIU$?B`@9XL1"J$D)5BV89?*!5^RI$?.5IA%O%NP_C0YZS\]*(H[$YL.V.`93W6W3'`]0FINAV_)_,N^6%IAQLCHPS M>"O4DI.C+V9"Z)4)[.[0'/1'GN@@6&H`:X>,>S+GP@Z-IO)RBJH,F%,'4OX2*N20#.AO9A0$:PXD(SHG\`" M&.<.;QW@!L;/(%U8",_<(O\1G@DCF0-W$"5X7B$M%$RH>"&IQ8P(/-S..*^W MHX9._OR0P7__=L\8_,>!CZ^`3^&QG;$XYJV_@9)H1C)&?H95T(/%5Z^5>3#M M"Y15/+ZWN19+(C+->-4FSI.(+W)J)P8'1!H[&::$(5,K2N7(9#)9@E3?@4W%TS\$FJ('A M!EB`CLX\?OO#-(Z^,A#1"\=C.9-7I\#U(<+@;;R0[@5S!K$@5TOKFT2,[M4B$*%GY"+&(9^P@U%77* MX4"6RYG,$D1.A.EY6<(X@E7X.'(Y;F&$!P$E$1GGS#P_<-#E[!38E2@&-67I M/2HN..^=$_M1EFQ:3,S@AP7O&`]J4[Z')@[.M:MU)EYF?]\-!#]'5I?#F(NQ M5SF_QR4/!;!TP!*,$_ZNV[$'B`K^':]0U>]*8>BG0,3!0\7`I"O0XR3OD&?" MOO%'8`\L4\XKYLI?)$E2H-`R1]4/OB9>?PF;&!B6Y.S.#.>"UV,\7+ADR:N] M#9(&AILY=U$LE8L*B7./ZC^@7Q`4O(P%`&=8;=`(?`K.YN(/)(,#Q$**"C^8 MH)!$V>T\E4JO0D'K)$6*^F#PU5%08-,A: M(428:Z=*L$&2D7APX>4\,U4,('F1GZ2R`"+1=U[Y4(5P&R2\=B5-R,]?@BS$ M^#5*A=+S3\>5Y^^MG\"I3`"B5T*\?V+`#'U!#Y_9G%=3>RT$LP!_':NT/1Z# MHY0;&E=@L,,@H>^`YIC%I#)ZNR5523OJ"P+BQLD,;*!PY]9PT)?_.^Q"8`OOB?#L#;X[5-2X,OB`# M5O3RO#?%)#<`EP]4A6<$Q0'\*++,O5S+<+ZI]5H?LYS9'HM_S/)D@^Y&IR[W MS_(*U_O7(U/'$66?)YW)KH+L??N0NYR>-0#P5*_VMBD;W2MYN%8VK6XU*/N` M58]Q;?LN^7E+'!V''=NR)#%'2.5R'8-#[H\&X[UB#:>!`\Q])5JKS2C^-Q:= M+O!\C2IL\:?4.8IO>I9YR%X<)WM5[-1B\^CQ*=E5T2D["<_ MMP<-;A*>E1,V8`JKII3%"5W-7[C@WQT9I=N@1'TD/!RWP.:%XK[K/I$8LF9% MVTN@@3H+/Q$B:%#&M(,"M)C(Q<1PI4OCARC!B_4X?D"W_;T3>XF6%Z?*#K^K M<<;'!ZQLT.U,6L[O;',TM,RA5:=9XVEMLJ;CX^EX@Z'8)C*VQS7)6$OM%R.U M/U)DEA;3S^?KW)R0WT)>8D_,D5VC]MN)28L64,P^+LJS)ADM?,Y#^-CV;L_B M%PKT6P]QT0+IB012FQF'.9E89J^GS:\GE#:MIH>!59,>M"@Y#U%2\Y)J1VZV MEBWZ#DL+%'V'I:7(RY(BO=YN*?)/)\AX;K.#L?68&*WEA7:.[<5;7IV_Q5*C MP*MVB^TBEK,V9VH45*V2/[UR$=W'ES]5$[;((4;U^9Y)$CT.:IY1,=_N\'CL MY3Y59$4%M\3RRGNSRFH\/`.KW-8CYG'%J:;\TZ)\:U,!PK,G_"95@U90_89B MB$\&BYZDD2Z&I?;GI81/44M!K?HV=[S5^B5]""JC$.E.A*_=VXZQHQY5$#&YV4'4,%:9C'`RQ*#?5OZ,>^5 M"-#970"."GC`'[UNQW@?&GA6T#NP"G>BUIG@Y7``G!48L"Y(>74]4Q93*4]M M]92I[6YGL_?Z3`LC'`X4EE5QIG[@IP^\M!H,\@G MDH14RZ2BS(*9%]D1];[REV,6T)LP@4)UPQ^Q>%)B+&$C77])]4%:A!F/824X M*D.WC$*5@)4%J+B[A>7&2,JS#`L2(6:HZ(,X.K,X6LCC&(5)IR`'JFVC'@X@ M^CO?H^I(6+`1I=2JEXU.*.(6#WE5S0ML<@I`;0![G36P1#TV7ZCD<+?Q[8L543]:K&0UF=VQ\(, M=\]C*M]^__E*Y=O^@C/CP%_XLEZ8(-2FF8CK#C;(`2YMYFBD&!11FA;+:!2 MT:";O`3E-5872YZ\8M`F^LUK`='R\A1-^F!8EBSM-[!^-(HU&'P1Y5>:/0GB M230;>F0Y/;$R]ZL3.K>\]"1R*,99%Q8#*[#`"`NYHH`$Y"&W!@+RDR0C]B;. M8%%Q$)YPI$#S#*P5YH>B:)A253>,*B<"DH]<*L/H2?:89$#/P'?]R%//1`RO M^C"DEQ,F/W`@'=]%\<*PNA?_P`JJ^0D2+Y!(I3_=Z#8$P9T?U"O@`VC`$1;> MY>NY05U+U`(OZ9J&5#$K3\[&`U$Z-K\Y>(0_SC[F0NZ)*VP=6M:;3L7/60*< M#G3DCWF"/@;66%TAR+LA=CCDV-Q?VANJ2"C!_\.[8,V#>L)FU2 M.6DCFF)=4%((A]T_TZF*0727^M27ZSV;QDU$)_XJFW*U+6:SR,U0;0.!S((9 M,@#'P,*PO&@Q5S]AE(2_>.LL?"R>N8A`Q67B3U&'E!X`'?(^BK\6;_N@0ZK3 MJEI'DJ)J?/M`Y91!5\:ZJ(#+.7"U6WC3)>V?"G["_UQ@;HDP'/&[%&NE8R'3 M6T8Z+_OF)Z0*"!#6H*:W%/B$3EPNYLJKRVY9#)][SORXL&"44I>ZE8NS MV%@X_XEBM)'42L1`!NMT;I(J%UX`81/!@4"$;0_04*&]6&;3P$]PUWQ1,S6W M.1/^HPM4%/!BG$()YJ550>,&`8R%BD'B.0'61[^$]2QH4_]/%DG-^=4_/MZ\ MO?P_;[H#$(7=UR951W7HA$PC)_;D*>.C7G_CVB:\]OG_ONY4G5PLOPG$RX<$,P68)=#E5(JH7"6\CQ2C.&&WN:+T:)4CSP['"`#U/5'%SV^< MN2;YN2"(Z3%-MON0+9D:CC'J_5FQ='/)#\QP*[8[QBO>'`)XR67B._!`\1OQ MN&7LWW$?ZYP%7JX,H!'.NU<4AL5GQADM$M6D'_`#YK&O]B@)20[)9_ MH4O@*D:?]CLPA$#=63)"`=A++OSYY9X%@+.;KP^&;13DAHPUG\5_"POK%#^V M:=/;28J5I_M7YOE.!VC&Q.+$&I\''6VKV]WG;*_@6CG8O\`QQ@X6\7=S/K9%OH'J1SRQ=]#:@9`O@6M%>^S[7-4\E`'<><^FQ7-;;")`ZBF MBP@P*DJ[Q\(-#`84U*G$JZZ`DC*G-PK ME?>W(1*+4&UE0'.\%/::HJ4U@?V]++^Q^]S#HATL-2T`[!&"_;N$-2:[5CG& M+Y]NC"!R^:W&E&ZXA'<`+*T4CPK=NB4`:;J<`R2)TJ5&6&XP*#^!LIT;7E4S MEUJI$*L/G"QTYP77G6&7A;GQWPP&Q;X2Z((U.(-(_(4?.&3LSN`E!,N1EXWX M6H(O,=&A:172>S\(I&D)P`$3R$+_O\!(Y`HO^`H%0Y>L@]O9U.Z%I=C"8<;( MJPN'_U_H[0Y\P!IW73OHS897DED62#XDEH<@.\!UXJ\LY:VU;B,\ZO`4B!;! M)A1[5V"-M\K"-B`8V0!C+U/IEE]97E)>'W`K)W6"AR2E'0KA>`B^RNV&:F-4?]ILHZN>C6-!E/E.Z$ MV)60^*%4UM\R^(K$`,FB>[PEF'0[UO#/^"M?T`U;^,+S!U.>E#4$<1ORF=W%X+48C1:L7AY1[.,)LY+HH7S_@0W<5?`'0&Z\^?+FZ>JTT>U$;K^%O@$.0+"@20/5T,8+,Y-^[ M?NQB(T=RX,HO/V#LIG&]\%/20=_Z%&7QX?KM:VIU&3@/B>C8QAW_N9XM.RHF M)9P"ZTKEO<.".7B#BWJ%:;@9',*%\2E&BPY6(V#YF9S)KSY=_?S:%/T]@R!# M84^*!3;XS)!5:GMJ/XDD6ZN!O8'>?^J*F92;606.:%*%X@>V*K\HPP->%F3< MJ^_Q^"IT7Z&V9:0^"*(?066($U+G/K-O,+@G.`0%SSB4^!@F%;^I.B;BAJBO!5#H&6?1P)4]17(%TO= MN#K&.XQ#RZ?-Q;,$WNYV)V5L"#.1.I/%C$OV.&'J-9T\*ZZSQ):X_A_<#I1: M,*B/6:!X&L2MB;A+$;>9*Q>8//0'<=XJP_!CL1%%'SW01&6G*51@@WPMV/`. MXP-]EO?C_>20;]/X`G#$0)%WW/+/>35UCF/?)`DBN\FO._D3O+4?$!AZ/&?B MZM3J]N2$A.7RF#P`O*E`P[U<";S@T1]4/_CO"OIW_DATR>20:4"":`XRZ M?!*1P6PC/_SZ'Y9R7U/H`$[A"_XWS0$CQ2Z&:WFWP,'P6^"'_`:;KEYI(:9H M\.B2@WB.7@IT$RP5\Z#4P+A-9-!./OAE7AGL^;.\N7P+$A7%E32T\IM95"B* MR]DD;TXXE,T),0[[CO$^R_ST\PZ7("G]U=`#=6JTMI%D4PR>(YN1-A??&/:M M-Q:/BNU9`W,TQKIGEJ1)8&Y]X**#WH"BLX3&$&4I]D4DF<\?;!5S:"=5?"PD M4][4F7.2HJVG\"A0&)L;^TL>]BM;@B=OC%?6:]`-40V=@J9B_(V'C>`E_L*7 M@7;PXI2'I,DD!+']6:C(9;'!U$!Z-#*M?N]'XY7]VO@2<[W)N)JCX[OI&7JO MC9^#C`$6@'5?X\)!O<;`V6;&1^I\U7\-8+M?[R/TZ.Q8P'C/"89CA"'$M2-KM7.-$OLA/ M::5&V";,MY8>*KO9%QJF$"Q#/(>J/H01P>F*[$(U?CVZAR3:$G2=N9-@((_/ MG94K:4O=3M\:*6VA>?_CXGJ$FE_;>?/KO/LW&92EH3#X3PA;T?-9$8@JO)H^ MZM''0-)'H2R;A3YL@@H%GVXZA1;]-^(--U$4$@.`#?-O0VYU\A;-JJ;U$1L@ MDUY55FG;A(YV;M*G+,;0?+*W':ES5NHH!@]US[>TUZTZ\F49W.L-0+CVE7-? M*XXF7(NCJ1DXP[NWRTO4W.KYSI*\H`/SD,Z-]C.G'KSJ41!07EYT#Z8X10GM M6DJ;-KF=I/=1Z?9>$%/9:-I@]7C%Z5\N(^[Y*RD3Y)RBJ_]KTD%05Q!,@AC& MWR/014`WD,H%?[9(XY#/KKI,5A2/LJ?B$?+R3F`/)0ZJ4ZAG?D!6[17Z-]"7 MPJ7Q)7`4C[C*YA3*E5?>YT?>)W5^U6%?BK`IG/:D`:+TQM])\UO94ZT(-D`$ MN0MT*(F@[CE>\Y=L>*7D1LG=)OOMTT0C1'$ MKPX8:89M5Y]_T2M#;.:2WD5XFI[WY%)\##8AH%RHA*=,#'*R6Y M?WUD'A)@;\G47<_!+:7H%FG!\-,G^.0^/&=RNPPGQP\9V7N\%DC`SU()6EIM MEL>Q/$Z$^1/GK7_AUY]%IG81G)L4F=HB_YSS'-?%X@JKQJJ\Q=YN])E*#@GW M1_N>CU(26%R%>8ITNR7X'$>[!U4G>*@<$*&]60\I-UZY\`JG:HPBQL>*`[!R M$,<_OE:KDEP"FT8_"\G?,.51\A?2Z)XZ`48+BK3-V`D3Q^67TT6F/L.Z%:$T MR]TU^EHY3=N.2^E<_9[`F;M.4G+4G4K:>_GH_2+>)+S=I8":1FSI5.^ MQ-YPKI%0T*6$:@A=C(OCS6-E&GD;*S(\H'*8X% M>N^*###*14<7F(<.;RPN)1`FX@UX/CBN8\ECJ0`:T+W_R)^#XX]:-&83R`I4 M>:4B?GOF1=DTQ?#DG&V2+`ZQB`4J!WF)(TQM2#-8#W>U):*HC>?/,*:,]#90 M(Q(%=Y72M\P&2AQ"E//YS"MU/*/X;91IR")%RK(TWS@R=*.HYI(44=1$@C+( M/G&0*]S/4:`Y,8C>#D]_%,%`9IXTY"=J:1AZ`4Y6DCF866XPC)T7\?5X'Q7' MJ)$2JZ"0(SA/'@C,.Q;SLF1Y,9M7F`4A$P8*X1I3?`#S7G.ISJ_#`(29_PT3 M#?"@@[Q&^0M'5H0])TDPB<>B#/%N+C/Q7*`IZA+0EX9\.Q2'H+F M)V1U4;%#@HP4`5D>34;,84PFBWF8$^;;+ M5E08$HZ'$B`PG\.S]D30E1Q9Q\SLXS$H:E"(;6X3>.U$6DNA`@!F(%I+,$P= M]^MM#,?(>W,_!Q6JFA'#F0+NEW!6Q?.XR%6#DMH/>8%%F?""A7)X%1Z,HRKS M;25IMGQ[*3F('*2(D,43CN'?R+1CGBO*$V&0OT2HE?#ZBUG2,;;+#LK%HKQ- MRJ4B5G!9J)DWZ//"^,"KR.-^3FT,NP.S2)>OD/4KF?4\$TX)F0]A M%I?SHXY1<::0`>;%*SDO)^79]\IXHG!^6CJ:;-E"KCUG9KC!6M$X+Z@*M7JG M[ESV<3G)_#+T\'_78#R`CH_T=P[:-BZ)>!%]4!:G=>YC=6X9A)'07<#+H M5MP:@$[MRBVE#ZS8TM8K:8J7;)\#MV(,NPR>`S,@^1(['H.W/^*,0BXEQ>^7 M4OE]%\5OA34OG^(SG.1)OBS5<98+DW)9G^>#SW.Y0/:Z_\>GN,XEA?WR!/B\ MNG?A*5.-/.GPP6,-RHSP79//2?4IS2G9%NUO4A1!=0,8RJJ9R*/"[`J>#<^K M,,NZ&[ZH;$2AI])40Z:10[",4HP*A2G$FZ)NMW$IW'2H(-T#%X+'4$1<1="0/MOZ!458CF.$Z)E7T2SDJ\ MI$]AU&OIKSP'A>.3ZHG-5W96W(F*5BN044^9"E"5;Z@[66>P<35HC%S<\^XP MTRCP2N_A.'QIAU2SK[)EU>E"K.<3*/&SE:YT8A3DN?V!Y)-,,;4;[>M]U]EZZQM;1&M7@.K/BV^)KAM0KAQS*\_O$,;Z29 M3@-,YP,V^\*4!NPUA3&SN0VHV8UF-VU!^+'L9G`4KU!GD7UA^QUKL*LI^Z-Q MC>U0/#T3^=5QYWZ(D40E3\3SLI'Z2-)*BRD6SNDJ*Q5M:AD.A&[GF)>!A-4QWKNK<$,7 M`,@`)5FS+\:O9GBKQ>_D975CNGVK#D;O&-H$'V9CZ/@0RC>Z!(#'?D!_[=YW@6U M89P^5EF4G62C6&W/3.6,%TG*(\)!W>:YZ/F%O>O$,:7?%&V8,;@?9Z(*[1A! M/U5PC/?XG]<07H*/HC1%:`!%7E*23RR1#^`SUZ&F>UDHP],QMX>W=,;`=HIN MFN&]GTRF82O]0GBE6(I4X)-R+FT:LDW!AOB,*18++#*:.$E0)Q$"!,JPR:^;9`>OX*Z#J&.]GY:>X^"EC"%%<-.856.8+%S@INI\4 MF#&+>?AX#.-<.5V(^I>PD0J=2!F@Y$.`@`*!*58B%@#[52!W=77LF\N8QX]= M<7<[@RFD8%66#ZO?M`UP<$(J1T2]D+$#1`$G)9/PDU;5<9A6MOJMKGBX&ZI? MHLBC-A@7I3BC/"Z)V,IJCEQ5.#AN,+*_WJ"+J;WRC00&SN>@.F8X?T<^6N08 M$N^YE4\"!2"KAKV<,IFSQSPXR!EF[`(E.-3"&DNFBP1`A59@(%0!D;F&&0H& MF$ZH8SRUJ7KR4@/LU16K8*BQ"O#V4J37%Z3/XQ5X.6MDU>L@5L73(U`H-59$ MA+DB(XQ+-42_"E:%B\B.,7CH0X_-?,SU+(=5"'RG6S!=C68>:T]2%15C?W7B MTAX6LV_:^UP/3RKS,C=O-ZJ]Q8Z+3>?=ILP*05/-EA+!\.#'%?:65!108^K\ MHFY_N3J,BHH296/14"7_'+L82N[L\6P0GID'\Y3+?'NBS/>>##2?\%C.6:CZ MAVCM);4_#X%S'BA*SG7CC'D?B@+G,J).^>IMWLY>M`4_;8-`K)F;?HG.D&^T M2+DCD"OLXX1'Y/.,*IF&ON2T1TP$U+@92Q*2"\:,84VEO&(+EE_$FO+.-Y'O MS9LIMEZE*(YKLZ>M;+\3;H3@V9$=+!YD M-"@>Q\*DYBJF/&T8B_Y[7@)M\R!FD?1'9[3HG:$VS.!^N5Q7DHG9PH+"%Y%% M@![">&YTRGN[$(<`4=6,3>-S!6-8C$2HT M6/G/E-*=6WIDKM%;"#J/X*>)+V!I]YCAV`%AOA]>1(\A3]B[+'1M,IU.C"*`^H="#_S>'[^M/`\NQ^`#8- MT)N)),4K5Z%^M\]64_M%41#+#]>7439R!<"R5$?)T;F6W>"DTDLU$W56T$S5[Q"B2I M3GE=7\P:2[B[G1HV!;>%ED7 MSR6&6AP@OC$4O$=WJON'@E<')_1V!B?T>W;=N^!^9_^KX`H`6KFMVV[+N[6C M$L96IYOO'@=9[*18'!4<@UE"+[I'R`W^PA$X54%SJ>?+1@H['-EBX)*N1ETG MT5`E-%;UH'R^@(\68>H`PAOWZR)GV'MY=&?M17=[A7)I;EGFEH7DYO<:O+8) M>K^>FGLV1*#;XXX.1^M*R-!W2CG+XJ.%3:3,<=5JRNQ$6 M>K+$MX/0^E;?G(S'=8E0L](#B/>CJ)HD&>HYJY]/1.B6W3-[0OQK=MD>=GF& MI&:;EFUKEOC\!/H2M4G+M(FJ;SHUMK>T=1[H;E?R[C?"R,RS1P/($YY,ZA8OB;>F#\O0\2*@0$K M$VN#EPKM,(1D0?[E774@0K;*]F-=H4O M#"8-A"_T]JFMT!M6'<@=M15Z>TO42AB>I`7=Z1@)&W#T>#?#I;H`%QR8M=OB MYV5BW[%0^4)*PNI'+()S\QF'P/O M*J(;QE8S?+?%N&LES>YFO+W.<[/=*@B:8[J/LBV*%^F0BL_=JFK;)3Y],-K. MCWRQ]=U,]KEN8\[A@%AFSYJ8X]%$<^8GX,R:4H^CU)$Y M&&RC5,W2GX"E'W=-J>\CZY)]?]PU>]H[\>0,NL5(>A[>.[8'FO<>M#,[AR6S'42OK3FO03 M,-U/EV2;$VM? M]WI5QNON3-4-I;F+1D^\^PN\*[L]?=$EN6N5Y&XHI[5;0[TX3HFHF.FDD@B? MRX_6(KP%1Z:IVK7+%>S?Y[M5B-($UII"VK62G=J7TA3X(;L04XQQ4]OF3GKB M-(UF]=='9$@GC9>73B9[>6:>675JKNC'331+[YUGR3K9*7N>LUZ04=^\Z@_- M[KB&7^&9-:(VG;D726)'F?*#/MCQ1U90/2,V]L%W#ZUN>B8D9IE=>V1.MH;O M:`;T4JECW+/,X?#(PO%GQ"_>!4XR-WYQ%B^;90PF(\TN-+NH31DOBUD\G4L/ MKY@>UY_W=-K(:&`.MVJHFKUH6MI+=QF/36MX=$K0V;"C]?!P9Q'%J?_'R82' MMX6R7@W`9!K8XQH1W)I+:7+:3$Y#<[2=FL[]SDI?/>@;JK9QFK-#Q\M2=XJX ML:3YR-W3$C`'7",8@_[8[(ZW>?ZTAO-BZ0G=POW^OG4@MS=`V3N^B;U5FH&SC%SW+[MC; M#\O6T_$H'1)$I+9%R&HZON^0)!W+ZHQ;@Z2&$3+NUJ6989=(IDD+LB7H"X[M M_U+[_)TU9?4WDU#SC2-;@J?@R-#95G+\%DKUYSZ%IX621IC\^:)'4\QFYOU( MK=!/#3V:36_MZ&O@2$80.:&Q=![(XH*_'6/JA%]-P\N8`5`OP(:AP!U1ZX.>V1_T6R:B3H7.*F73+CKK M'65!M);.U)SR<=>TNMN(2DNQIU$=M0@X8Q'`OQ`M6A'R$S`^GHQ\&D;.2V#U MQZ),,_7MILFJ5?(I<[D'7[-;JT:,EA984&U!6H_..%A!:Z]=\7&O]FI>?,CUI MIKZ-J?/$G*LLCO%&8(DY.;7R<31_;XJ_/UF,QQ/6&:4#71Y,>4H]]=MFK,Q; M&?;-[KA7IX^%%B2/(T@TX=8B7,L>FL-!MT;&E199V@YIIYQJ!6IJ71)J$Z0= M@J(5J&F>'H4HNMSTT+V^5S7%`KX.6GMOO#BB+67SJ3 MR-H_;DE3<9L,D#.BX@."Z':&SNV?*+F>Z+@Q(W+&@)][7YQO>4KE!]^9^H&? M^BQYGF3)/4CS,9,?![MZ8_!DY*-:8TPZDUVY\WW[$$G1LP8`GGIFMDW9Z%X% M(D5H9=/JYIK9!ZQZC&O;=\G/FT!U''9LRY+$'"&5RW4,#I%.@_%>GLQIX,#9 M7_$%M1G%_V9.G!1XO@X]YA5_REC[XIN>91ZR%X=H!/VR0M!F+-8DU-T50S3/ MTSSO$.Q,>I4L[Q"<#2?4)NWL.-[!'9,.DAOCSJC&:=.DEY/>/DW&3Y'V]LL( MU^+S*/%IV17V[G[R<[M+*.Z[[A/Q4#4KVEX"#=19^(D008,RIAT4H,5$+B:&*P4U/T1)8KA.'#]@ MIOR]$WN)EA>GR@Z_JW'&QP>L;-#M3%K.[VQS-+3,H56GKN9I;;*FX^/I>(.A MV"8RMLM9A^/E_GYG#?%O(2>V*.[#H-?TY+6K2`8O9Q M49XUR6CAQ:_1*D3&)Z(@3%2YYOA8!2,%DA/))#:S#C,R<0R>SUM M?CVAM&DU/0RLFO2@1EA3I]79+D7\Z M048M5H$X@^C>"=TZS>.UO'C)SK%7YV^QU"@?H=UBNXCEK,V9XQKD6KURB8[' MES]5$[;((5:W*V:3DNAQ4/.,BOEVA\=C+_>I(BLJN"46;]F;55;CX1E8Y;8* ME(\K3C7EGQ;E;^Q`?_:$WZ1JT`JJKY-J72.#NI2%?>FZ41:FR6?F,O\.G_LE MCI)$%O?SF.LOG"#YR_?O?WOW?2GW^MJROS>RT.=__7[S]ON_6E:_-^[:!83; M1V\,$&L5D+[5GXS'3<+Q6Q2ZA^'$[O4L:R5?18IFE M++Z)9NF]$[-#*+@_[*IB=]?H#8*RAK]!?Z)R]EJ@O/-A*/;!OV.@1;DL3-CE M;S2Q!PI;VS5!D^"LH6;76O/^C7F/(C2#:@D?`6T^VN,-M.)MO57*L]&H(*H1#! MYI$;`6#='K/'!P&P9O"31GXT.NS)R%:$YIZS-`]9!9Z.AVPS:O,;[TMYX5V7 M/=N3B=7K[;6/ZY,]$I3K/-D>6$="Z3'_S768^ND#4RI37!P[B^2< M\K!U]D?#@3+C^GA'35>ABX^[]F3O^8Y9F36T;5M5NAJ99GU%%BB<_=$^TVPT MW>O[68=#.!UCE5(V#]T0#.LKMT?VQ)H<`(1B@U5HPD?J^]L';PR.G3I^#3C> MLF64^,#=^:^'7DG85K?75W6IZE$K2/^H6Q![TE^E_D8FJ[CDZ/9[PVZMR>JB M<#P8D*Y2'J7VP&NP]^S!Q.ZNL8E*V2E,HP/9WL"R[8HKLO*@1\^[ML"1W1L, M)W7GC3.F7F@>-K7=M7MEAVKUL*7)52/T,R,OQ2V$Q^W[L-\=]U1;>VW`XR:L8/_#X:"[_XSK'Y$E_RV9^R+R?60@?4E1]$@5IA\OR7D^]LFP$ MA*=>U#IUV5WU?J+Y136!^2':OI4GH+E)JV[H!];PP%EK7T5,)A-E':N#'3'3.NGN/].EY_GH87."3V"\OP_% M%8GR3ET;O3^>C+JJ);MSAD8!6A>%1P*TZOZ[R::)&_M3..Y9^GOH)PGH;^++ M)8ZK^'SJ^D:!C7953GK,W)OB!XA]X?57S.;(T^[8^]"-%@R]KV#K?9Q]<;[5 M%8O=5=]7G#]#UHSXJ*0S'`/J9I0[R_&LG#OWP-BE%1LQ\UZ\=2-+K]GI] M-?)I]Q2-0E01_3$93>Q^]V"(?O7#*/;3A_=8&9HE]:T$U:NY.M@1,U4/*%55RJ=>W18/BH"U,$.NAOZQ,)FEU\^' M(F#CQ?/!/#EGWYB='M.G__TDX]IEO[,9[&1N',PFO_R M_3Q-EV]^^.'^_KZ3,+=S&]W](V/^8,RZ$]+%ON1 M)R8`@.+T+9S=OV(+F(NN=8&GO/B6/\5"KW@&_NE9.*27/_'3#\6@/_T@UK6V M1AD^\!SK]$-$?8HKZ%UTX9\QO"V^VW\%U\^T2PKT.?X/@=YZ;NBMPZ'_]S-! M7SHAUAXGQ#K\A,`:_]]->OU?M*B2"X6!/-[*88'LEF++?_HVC0//?\.^+0.T M27ZE+G>&YR^X#^\OWQ>Z)BP+W^&J$4(;A12Z\LT'3EC!`/E8/_U0.<5?`9T" MAM;NQ:7GY6Z/D]R,#>Z;D]^85=OZ)#=G=1$GORN5+B+N&CK)#=K#Y77R>U;M M$3C)[:I>R@GNT+75U0K!?JIE]QC%N*M%_7.B7`OQ)\#W<]M^1T&O[:+'M["O MM<7SO"C7;/")25Q;*2W:#6U_/"7N_VW9FO/4M_<>^8JDO"N:/YW>GFDNUKX= MNB[MD#8?MDB4HZX7;6T^/"?*M1!_8A+7XKE%NZ$%[V/C'D.>"/$RY(D>7S`G MR6+VUX2^_.D'^3>]CJ^4WZ7HR]*+?A+U;6OT!G[9_;8:DDBC>/X=;(Q8&S[W M6[;`PBB1V*7=\_Q)S+3R(@WVEH71P@^KAJM8KQQI]:V??BB@K%K5IRQ?CAQM M"?^IQ@8G`/CP_P%02P,$%`````@`AXM]0F*P/4<&Q+-US=`Z^OK+(QT_3(7/&(!45_.+(*YT<. MOSBB2KAG9ZGI")!P[ M]6!,N.EP*8:C4(-T;C@78Z(101WCB5\ZQFNCF:3]@79^NOS9J9R#@)+BZ M.!QH/3HOE\V@:5>RDI#],L:NEN..A^_?'1Q$G<^GBBX-F%3C[E[YZ^?6G3^` M(7$I5]K,9CY0T7,5M;>$'\TG!:2SMHI>L\&F)!;:O%JR*,:7JU6*T=7G_?&<(%^ZOX\^FEY?O%% M;[J!SI/"Z.K!W%8I&'2@YYCC0^S+IFN9!O+?AO##(7`='^L\:')-]>R& M]X0<1JX=.M&4SO5L!!>'B@Y'#.*V@83>Q:%!<>/@QH\?4\:MUWQ0K["DNP4<@HVQOTO[(Y*ILY%T=VH[( MJ[GD*_6'&XZ+TS[%NR>C%+P4T8ZP2Q3RU?/7>TFX(G[T+N@OJ@<=0$`(L(C7 M-"N)DT#LJ)[$*E\CSEJ"X-)IEMVC;RFB'8F7*.2K9PTK[B'5)D4IS%>7.!07 M2H`KU:R^U1L1[.B]D5+.!?/)?)5S3Z99";XF14F7,FIVD[/TZ;L8%&#;;%O*;[`B:H`FE!6I)(H9O>&:*)Y"D8NB3(W? M#?HME$5VK-SZ89^IFSNCOY'*R(ZGZZN#3,U+ABE:<63'CMT>])E:]7T4WE)] ME,KBQPOFP_R3*;;\#U!+`P04````"`"'BWU"`J\F8W05``"Y@`$`%0`<`&QE M>&\M,C`Q,C$R,S%?9&5F+GAM;%54"0`#;0=646T'5E%U>`L``00E#@``!#D! M``#M76UOXSB2_CP+['_PS7[(+3#NQ.GMV>[&]"W<<=*70SHQDO3M`H?#0)9H MFS>RZ"4EQYE?OZ1>8LD27^3()JO/7Q+'89%5]?"EJD@6?_G;>A'V5H@R3*)/ M)X,W9R<]%/DDP-'LTPEFI/_^_;L/_<')W_[CCW_XY=_Z_=Z8DB#Q4=";//HQ,HV?/(I^Z@V#E1>)`A=DL4QB1'O744167LQ;8#_Q/_PW/_'_ M+9\IGLWCWK]?_+EW?G;VOG]^-GC;^Y_Q^!\?_O/G\V]G_W5^_[]O>D]/3V]0 M,/-HVLH;GRQZ_;Y@)<31;Q_%CXG'4(\+$;%//\[C>/GQ]%00K2?#G:.'U<<1B(4U&R/!'EGY_ M0_Q4'H,F>](2XJ]^4:POONH/SOMO!V_6+"@Q.L5AI9D0K4D4(W\NM,%K&IP/ MSM\.2@2BRI:ZJ)'DVAA\^/#A-/UON32O+HA?BI=K?W>:_7.K-%:P\Z)ACNH/ M&:P>]2D)T3V:]O*/W^ZOZ^WA*#X-\.(T+W/JA>&/O939C_'S$GWZD>'%,D3% M=W.*IE(^"L8%#.\$`'\2M9V^FJMV=\DL6'NY2P;6J.^`VK:B_0(L)HEVR6JFWQ&?!Y#:'\KGD-&44 M!_3742$_TW,JZNH75:0L;=50XHF#CR,L9M`;_F>E:K2.412@H*A<\+(KSZ+! MO,60^.5F3D(Q@Q-Z4A;AI(S=U&.35-L)Z\\\;RE:&IRB,&;%-T+80?]LD$_9 M?\J__O4A]F+$>8@O_\D7K6>Q#)*(_\F&:\R*!D-O@L)/)V8TIW8$V>)EE/8P MB0#-9:CI"J!R:`O*IA2LC!5:\$$T8G12QAGB2P%\UYX MTB,T0#2SEJ!"\^O@,.!DL_P^T>&2*/#I9?/D1U_,&>OX,DP;_'3"T$Q\L(4? MEV%!HH>8^+]]36=L"7;U M$L=>J,1#30,#&XWC3B;BE3`B0I#`,9F:3-D+RU.'1\ M/UDD(9^^@[MXCJB0C:*YF/17B'OX9('4P\B8'@9P+?31C.5?[&%Y2R*Q.'*= M\*IGUWR9I(C%2OB4)#`04TO=#-*[`J1?3AN\F(X\+L)[4LIY]GL8!9=1S&6Z MCJ:$+M*HT\Z^F$G=A_+23'C9LZY?[,^[Z16.O,C'?$DD+&WE(O08PU.\$;&M MM@UK/Y"^#;FQ[#$_>I,0Z5SDK)"EV?*%"PX1NN8?M1[]IJ"MQ9HQQ'VJ"8NI MY\>R%;E:R.HD+M=Q9(Q]QKOGT?XOB MO,_)/0PY"0"HU"([YT2,*5IZ.+A<+[G/@]30-)<%@(E$2(VS<'@P4A>T,C%+ MD&@H"`"&)O&:,?C9D<7?9-&'H'DCI?_5MM*%:]_"Z&HH#@:*)E&;47EO0E="A^@&KU!P'<5>-,/< MWLA[F!0C#1$`E'1B2SS*,WM`C=!2Q&S8]NB70"0M#@`Q,<S=%=_3D+.%LOV6S1VEC$Y`)#, M52&!T:*37N;='#&@X.APL.B?E]@TBPXK"&"A8A@G'MATW//`V]A[%E$WLRCC M5F$`H,C$E`!BTZGW?9J@H-Z+Y)A(RL.`12:L!!F+COTMB5'1@>Y1>OIE[%$] M0GHZ`$@9""]!S**C?T.\R&QF:RH)`)5&`26;D1;]^#2$;3RCR4H#P$,JJ`03 MBTZ\,1PPD6@!@D57OL2E<1A?30,+&O.`_KG->`")9H^(+LJSK70=:2@*`9-& M$250V-QXSR[:#*/LX/&8\%Z#8DQ3"4="MRCXC"+^(1:;$:RQK\EV83JI&P#8 M'2E1TCO:F^+48.ZM'9Z\@/$Y';8DQHJLTX MIGB2Q&)V?R3-=P(TUD?'C0!`O6NU2CJ.Q6Q^];U0(`Z-:*D6#K MT"7LDDC"0?*QS#XR(`2`H(GX$M`LQFF^XHC0U#[+;"X)1+5B``"IBR91O\78 M3#>&\E[]#@A0=Z5&20>Q&)ZI2W:;"&W=35-[@(T]FAKI16!JA)D?$I90[0&> M+FH&V35V4*"D7U@,%&T;AFR8Q',^W?V.`D-3N4P!`$>EP!)\+`:6:NQ>IZ:Z M*39Y:8BX%()*,'$C9I.Q>I?$(K.H6"9,@2F30$2G(K($(ING3S1G9PT.HS:2 M`8!*+[KD2N]V1*=;^;PP?-WR6\W;D3-]]N;=B2[OWI:\^TZKHTI_PHT$_H\Y MBK'O&600;I_MI=J``PE?J@P=<[Z8LEH;#,[F?"DM#1SL.YIR%J2V\!C1=+70 M+XI22@`3KI$"G$L9SC,Y/T!K0FIJ/SPYJ."F:/I^/V9CK*FTH"@*-10.>2 M'MZC%8H2[5YLK1@``.JB.9?E\,$+$#JF6`J#_FF#.93PL393Z%0""RBL".9?*\,5,R'/`&EM%M?(`H%`( MZUP&PP>4FM9?4,1Y#H=1,`P67*>"WQBO4"Z!;'DP(P8`F:D:W,MLV&"`FWL: M$*!I%-"]5(;<52553O-.HXL$:>D`8&0@O'O9#Z^C%6*QD"UCN2R$-L9C0`H` M-S,5N)=7<9MOS9%O:7&`$.F.9=O,DWA%*,*S*$N3XC\_4B]BO`=Q!K]P98B9 M.XOYR>\PM:D!`'BM%.)>OL6"R3Q-UR.YX2J>I=';!Q3'V9ZBS'TRH@6`H:$2 MW$O(*)A&3+#/[J(T(G(WS=]^XO:M^'"]6'J8"OXOYAZ=R;,K[%`3`&1W4I![ M>1Y%F.4)A^&&6843("D,`"V9F.ZE=]QP*,X`5//C7T>Y>E$HTN=?KHO#`;ET M,@OF-54"`/=U*G,O7V1Z:4KJ%'N M9G5C"N>QP@9H(`%(ZL=U+9UD]0[M[ M)I/V]0"`@K^U*S>XDU*Z/"9#J``-^64.[ETRR2 MEA477S5FC[0X`"SDHKJ7,7.;U\\>P[XA)EE9@(#D0KJ7O/+O",_F,0J&*S[I MSE`UCU3IAJ4*I79U`$"OI5+<2UNYW?U&.$QBZ8UM66D`2$D%=2\KI:13Y1R; MWN)N6PL`#%LKQKV4EZTF#!$;5H['76N#B[5>4899+(\7_%][P3^%HOJV;R1- MW]S!G?]V[1T^#4`[_HZ9`4Q9S70I=$@B_B<;KK$V24`CS?Z&_YQ34C^9H#[_ M-GLK23,=5/3?.!4TBRV_@*^;*&P9F%4Q1NGZ(#,O&\ON<;$JP.H'%;8DF*DZ M8L74;!;9N=P)KX;FU\%AP$%3+PGC?:+#)8$WM$IYCKY6["UY/J>\G%7[3]GM M)'F<"OF<&T.2MVB4>*AI8&"CD=NYA!W;[U,H`9(4AH&,3%+GDG08//JB'D;& M]#"`:Z$/YS)]-.^P*>%3DL!`3"VU>PE!X.5:.[X0`^"%&(OFEVDP'&2XVSB@ M;=&N2GM6EOQVE%#1GQ#%),LC?8N>TO_(IQD36@A`F2G!.0M,PG?6[W9$;YL8 M+GPU-3AG=:GZW=#G\WSVFL$NXZ]"#A?#!E4X:)8INM_N,#;0P\6Q21G.I7E3 M]<'4H]MA'&9T<($K"^]<.95?#>`%BIQ+U-=EIQ2<8"]5``` M'&5Q'$Q'=[QC=(`[1C;3U]5C=UK+I*$T`+2D@AKFI3N>Z'OMB;X+C\VO0O+$ M.CBMMZGK\"?Q-FT?3]E]?WM"?%87`/-U>85YA_G\_(T;2=?12_[8H1_C5?:2 MK/9QGK85`9A&=U&/<_LZ_^]L2(L&QC#XOR3+/,H>R3WBRY*/0U2QG1Y)-R-N M+TT!P'\_*G9N/ZDDIK"ON3RI1@[8J_;3+*P>MB?5.[?[-4)+BGR<)@"0](Q* M$0`H5D5R;J?J&&PX1+#!X@[6,<6L6QM4QPRS3F28M;C==4SN?;CDWA:WP8X9 M^,V5X-Z.5Y$..36[6R2`KI<'@))"6/>VQSB#%'D,C5#VN^3CY#>6]"DN32L` M@%T;=;BW$Z;@/I_Q=\9RBQXVE-O*/'-N"\2:Z8&B)U&&>P\Y-4SI MA:V5,9U)8+ZZ-5*#1%&B"/<>:9*P?K$[@!??"7H71M#9?,ZIQO>8HJ6'@Q&: M(LY[4+S1D6=U:@FF464@X353DWN/-TDZZJN="E4E(`%6J\6]QYX4OM$-]B8X M--E5;ED)3&"5:G'QK:AM"8:^3Y(H9F/O67'63D\'$KZ:\"X^&M7`-$U04.IQ M;4#;)H6*6TT%3KXYU;0.[#KB&HE!PM>L!BN/0B^XF8;ZWTL*$ M;28'":),%>Z]]U3GO;"T[]$*1=)[CGHZD,#5A'?OX2>=!;W+VB>O`22*"H6X M]\R3^9%Z^8$WTPH`H-E&'4X^L=3$O8CRLRZNCZ@J@@NN4CWNO>C$K;+\M'V: M,X0B+@_OGO&S6._%F[OB@N%2<:BF104`0&VC#O?>@:IQO[VG8XIAC0XB='7A MW7LKBG?RUJ@(!B&X6X]TI4F?VB0UX1>D.BV2.BBQOB M1>+O_.#>V*,*6VBWNH!AW$))[KT_96X"O-HR@H!K&W6X]^"4A/LK''F1WX&Y MJZH(+KA*]1B^,&5I?KY'RWSRN9L*T?FO"XH"Z=(-G2QMFP%. MY=+`T*D(*L'$8JB&6U`(SZ+LM*W_?+GVYUXT0_=\EU+ZS#ND*@&Y&2U8$&M*D*"W'7$YYF_=*7_K"#,_ M)&(M$P;^X-:+^4?N>B=,Q+UV3N6JJ_9`65UU;!Q4N6^+0Y^;B[O=J+>I8BL* M;F+DH"K^2WZ9*+]$U(UZMRNUHMIM)@ZJUG?%=G-YI[D;Y397;47%S:P<5-$_ M;XYG=#3U5FJTHM8*!P?5YE\?J1=Z-@G6-6-&YCJF#PO!> M;+_DD<-N=%ZIT8J"*QP<5)L?1%0/9[E:A?7,2;FMC+@?VU6/5K9@1=M*C@YK M()]E2:L>O757ZJY6:<G!L>H)0]NR"-*>:3VS)-1\EG.\:Y"M)=TSVCI6_7 M#=CT?-K%[QOC?URR&"\\L6NZ7]`DC;F!E(0YN_#DE_]$(5(TZ`9, M"@;M0B6)].\7+DVC;D"F8=(N;,,P)$_B%,(5H2.23.)I$K[<>=\O>$9-NP&A M$:NV+9%Z3&SO1HBB23>`4[)H%[!R!GMQ`N]&Y*K/[GKM&3>3EMV`SX13R_-G MEN,EC_;O?6W=GAU'%J;0-T MT^^V+ZUS+HM'=[H$\6U_O&%$J9Y+T-#!.#8MDYLYUZ#ES"\>0^B'50E.KAHE85W[TEY15A\(X<, M-3-B"-`9JL&]A]QS)OF2F*Z/&V9OD6ZP-=-`0$LMM-G[Y\=++`>/!'5J]>[6 M-(!8T-&._7[M6"GHZ5UU^75\%1&`"5LGMG-V[%5"N1KY\$U=S;7XQ%)C3G89 M7UH>`#H*89VS5]/,-G,2!M>+)26K5#@E,@H"`-"HQ'7.%OWJ^7,N#*TLC%IA)84^3@]P\L_ARC5;!0,%X3&^/?L;&_+),"= M50\`]^Y4V=Q+[&:G;.95[DPJ20"@J1:Y&:%C/@07MJ,[]29W;AW&AO31I_Q^ M?4GH*]P7[Z_.Z, M(KT?HZ<#@)>!\,YYG"6>VPPO+1DLN%H-+XL^J&)&*-GM9?N\_?0HJP@`HKNH MQSE?=MO.X9;ZY=H/DP!'L\+@D:!J1`H`1S,5F/F71^]EKZ(&-[8U$`\VRSB&9.Q7%>M7:6NM,Y]W4L`#I-?9RKO]^Y>O.` MLS@_*K+^3@GE9G\@8UU!`&#>5HGK7$BH-BS34Q&F0)E2`T#-6!'.!8GD_4UD MUDX=Z9`179B'GWXL?$X\A M_LV_`%!+`P04````"`"'BWU"AIS*\N\H``"P-@(`%0`<`&QE>&\M,C`Q,C$R M,S%?;&%B+GAM;%54"0`#;0=646T'5E%U>`L``00E#@``!#D!``#M7>MOY+B1 M_YP`^1]X&R#C`=KC]>PEM[/93>#Q8\\7[]BPO7G@<`C4+;:MK%KJ2&J/G'7BV)+Q5%T4&^['ILLJI8_)$BB_7X]O?/FQ@]X2R/TN2[-\?OOGR#<+)* MPRAY^.Y-E*>'7W_]ZP^'QV]^_[M?_/S;?SL\1#=9&NY6.$3+%W1^]OW);;Z+ M"HSR=%U\#C*\0"?A4Y#0!J?I9KLK<(8NDR1]"@K"(5^0?ZS>+8<^?_[\#H'7QV_>\[#EJ#K*-YC$^/G-"GPZI%J@U`Z M?G_\_JOC5@=*TE`7O2ZE-HX_?/APQ/[:;DW(A47=O$W]UT?\CYW6D42<6L-D M5G_V;9;&^!:O$>/Y3?&RQ=]]D4>;;8R_*'_WF.'U,+DXRXYH_Z,$/P0%#JE* M/U"5'O^&JO27Y:^O@B6.OT"TY8^WET+)/NS1XIV.7,EX@[,H#<^3<<)V>CN6 M^JX(L@(@=ZN_,\GOR0:(1\G[-[Q@] M5!)GLL0;:J?D%^5(A6MCA:$;9X M6QQ64K+NZRS=*-1:<4XUE'4T#W(N=ED2%;L,GR3A1?1,?\J_S](\%\!'W!Z, M(:4H$"#5Q%&0A*@BOT",@6]@4FJBBRC-67$'JY/5*MTE17Z+5SAZH@!GXC3K M5P`O=3\PS+1%@\"M8H(:+B76?-[$M%73Q9_AM+G#X77QB#,J1I`_DLM7NL'G MSUN;[#8?G++;-I-E]\`61!),%( MMC$@&,`)9]1F@#*\BC!CX!NN;2BK"W=[T^]P%9!3!KE(T?_19?D4Q&2YYB?% M:9!E+^3S]\<@W@GAKM47CFL3$2$`IAS8E9G]T.*U0$&!*G:(\9/A>?8!;COV MU7_^L58V\`E'.LLN9:*MWG9DOCQG.!E>10F^)#^*+A<##>V=^7K,[1SP_O?X M_VRN&9BX1?UP(9/9-^2+QRP\9`H`8HKI'*_>/:1/1R&..)S)#UT4DU_]]3PI MR"GVCVF\2\A&^W(1Q431G5D4MQN-825K"(0Y85131IRT+^!0CKW"AJ;>IX+& M6;K:4436[[-G!*(#T!AN!X*&E#4$&A5AQ"DC0AI1VCYA0SKX-C8T%._N4WA) M\)D\1.02<)+GN,@_X>+\N312?9^FX>T0-2` M=U`S0Q4W[ZR\)BKJ?L#,)]&I[7>%<9A?D-$RPS2WW8@-P8.M;5B%96)`0%>1 M1G1"N5T.Y:_#AJ'0RH`Y6#T[+K>]58:#')]A_O_+Y#)Y(GMRFD58=!F0][&P MT6F(!-OA.&%T4+%XBZ($M;CXAC$ME?1W-.UIFA-OUUNC%G!=VH+(1_<6;PEB'HE\ MX4D2WN(BRG!XMLN(E/R4+K-$FU"P8#TR%A?^K-+BQXR9)4?$69:7LH6?5LP1 M"NL;>49.L#L4$WF"*,'A>9`E1*+\![Q9XDP`6$%C,#;E0D!@6%%&%6G?4"8? M>A=0.A/@#CN5%`3&[.7P8Y!'*P%TAMN"D2,5`613+`G3/0HQT@O$B/L&(*D& MNOC1F`6G%B3FHB3W]^NVLF$7&F(+-`$QDJBDZ1M&!$,>,.F(5>TR5(*<[_+O MR4:77R=W08SSZW5YY$M"]L/E9AM$&36%GA(4/P@OWF,H60BT&"T^!(.4+:)^ M@90#BFH6OF$1H)Y^E`9P>AUZ.5=W%^[7*7%+'6H)]VP6LP?Y-->7T#UW59L7 M;J#D11U19D?\67RQQ2KH>6&KP./X>KSG.OEI1P^KUVMV\LAO@HQ=?,A296;= MLRA?Q6E.XV*4+K9PRG:NTW:&![YF#WGD+A"7A[GM,HD6B,C$K]KL+LX#$EIR M^89[BRH>O)C;A)#3MRVRR(N7&X*#@LA'Q=_2+]PG+%HPTBXV7KF4`@&?NAA] M@E_*@6&WYL'>6GT#KHY&!IZY-.=HSA!!(LRI871@J\L$@8%]@:S'!!(6"W3Z M6L(!^PI11P**IF@J1Z.2V0795(/X+SC(Q+Y&PJ8@=R.5`"!W;$X;<>*(4O?2 MZTBE@[;CD=XL3.NR>(L?(OKE)3MBL!F"RF`S"PZ+PXPM^"LVA!&E[!,X9"/O M>RO*=.[N:U4Y'9&/9]/GXB,1XB?!]\N0"/B+-DYH:+X.]!MTB!I^ MWIW\QVFE^Z&#S*4[V`Z(HKC_RGJ``:DA#CA;C&]PTQAS%UO:<^`.2/04%^2/ MY"+Q%(4X_/CR8XY#[L.4,Z^)51$]18783,%5K MZWXP'3%L>\*4Y'T#GD(+*F^8P=EP^3&@WR5J\^6O=Y_2)*U=7E6?`(VN%C9^ M?0%AVWW%IWR891G9:E;V=WB[PU+LZ]*Q^;:B3'33W\!-0>G06$23W_%,4R)+ M4*L%W,S39P=9((P!E%8>N7) MW]^&VUIXXY6(`'O<980KQTEO']JD"NB_Y2HG8>H8_GM"=N"-9._/5B+VVXRL M!.I3@K[,OFB@0T'Y?96Z3(>UC<@6'/T#AU55B[NRX,7)BHBWBVEV]9,-31WY M#U890K!]C"!D(5'66.%!S[0-UZ82R%U3):3AC-JL?4$F7'G]O$NPJ7?H6;AZ MQ.$NQM?K,[PL[JD'@^I93]H%[@NH(1#(R:^D3WWY*`??0*@S_IX'GO:,.+7& MDFO*??!\D\;1ZD4%*F%S&Q96J2!`6RIU=2;$O30<2L<]8"+4F`&7R5F3G$@2 MLNU1#T32+A:2JZH%@AW?HV05;6.XD5<)N8$`$U9,$_P6E+!R+2C\0ZLGL79W:Z:9#6UDXGB#6\$H:G< ML#2$G]`=JY7:J&9O^\UOVH%+7P!'C-ZW%3U>>YHN6MJ@=QS/>LF*(?22]YRL M_KZ+\H@51Q`=PW6[VXE,-1`4GN6),QM,ZD0MJ0U+WW!LJJK!,%+C275?6ZU^ M=CTO/.2L!]J+<"= MLAL\,XNF8*`T+"U/U"I265X?:\Y12#TWS([D,%*:9X;:6\"D0`0[7>L.R;3P!RRVUCW2$]Q/3@L$/ M0UP*'(>1QGB-B2#A??#,Y6KB:=(\9_75UFGV.B6PN+L@!L61' M/2/J0BZM<"OJQ;S'U#=@CM!7+ZIY[/PZS4E4^:*=X2VMY\G/,:8_T,R/ M+1\U85HET4YOB[R-7$=6!PK,BU1[0[:%6:!:''9#;`NT0)W$78O]S%V^+1_; M^AY(NS0!LN8NNN<`PCV)AQ=:R^-S`V^WT16KA`Y9> M/*R/>AXO:G/-Z=6MU0&W'V]8S)8\XO&*]YOTU6I/M(F?JQ@OW_"IK1R3!ZJ! MB9NAD#(WMM*(@S1AA9Z?(V5-Y<$^]LHKRT2"H:]DL"A-Z:CAX1_B-)0AK&FL MGB"'_CF&SY\3OGQ.^N@Y^KESEE'(DQ>]II=;XT=;[]YKN1#UXE5G&QIL;2GH M12B&A9@7;\O&*X8^'/:BF`*742^;39JPHP;/GGZR*Q[3C$82BBZ"DAX68EZ4 MXH"N>8P\+[F[*%/KHX:%;]#2T$8_ZD5S=MQG(K\)7FBDH%X.\DYC:]G'AX4` MVM=XWO&2M+^/'U(5B#*-RR9BVJ31)2![IF[[OU"V=Q"$FFY(!#L ME,FDJZ>^F@/B+'Q!D*XJ^MFE=29E=G?_BR@)DA4@R^H0@:G<^R7"3NC67W-U MFV45.%A(EE73$7ODRB_1FJ8+OQ+0#A,H!2\;%F:9,J?L#)N^"AH0@*=:,A86 M%,!=.S;Y! M4ULW6B&YXGF;(4-*:;+ZB!.\CO1,1N)>]O*ER,6RDS:ERE6'#DHV;R=(.6UK M.*H;B6='0BS!"C`[WY4OU6E9>%"TC0W'I*WZX@L"535L7FI/U#E'SH MJG2VPY/@TNR:%]=K6N0FOTMCL:EUOY4%\^H@6YA)E8`D72-&%%&JOF%%,.B^ MY52B[%D,\NRE7VV%Y\ULFM[W&-NSMY=>&MREP3^4#`]?8F`?4+S#4+,T>;C' MV>8J#1+%36*P*3S<3"(`*.",TFN,Z4VJ$-\0(U-`O]J]:@HFMJ43_65!?)F$ M^/D/N!O%*VYGPWH^S-J&V9Q31HPT(K1]08AR\`.&TJ%U$2%?@J>J(9 MI%;TT'WRD&'V4IVS;.J"+4;=#[S?:(L&019G77C>R3K-[@?1:$=2GWINRQ05G0<;0L?!\!0X`YDQ48?84.&Q-;P],W MY(*4U/_(@B?:'<)O\;8T75^OJ]-!F<;[BIH-KY=Q]!#(LA*94`"C>82X5IXV MR.V!LCLDU_4-*ADBQA&U6/H&ZQ':ZH)Y].RZK&V2KC`.\PLR]CUQHP23_YUF M.!16Z-'K:Z'VB8&((,"6C!`%`CIH>*%T_18Q=BS+,F/H&UR-M-0OF&(\D_-` MM-I3+M)L[SI&_GV+66S?39!)G#_&T;(*8>,AV(/T:1K'>,6B10F.#]IOSQ>[ M)'S;VJ;Y#9[\H90)E4+Y#'MCS4QDAA^6G'>8]'2K* M["COJ:6!0_*>_G.5I!Z9]U0;]`XC]9@+^/6NR(L@"8EH@F7<;P>/R!.Q!D7A M,:(+U")K0\L( MGA;7!6)\?4/F**5U40N8:(?%>=,T_!S%\>5F&T09/09?B9\-!(WA)7NE0L!> M)W-FE*HXH*AFX1OFY$KHU1TZ6FP+FL!SRMNUH<".ZO>PD!*`?KKK>61B%="H*A M^+8J-%31RT>O"S"'UEN2XSHCVHGK1:WM5!:9)H4]A_-KR`:O4,)@"1%_\L*WO(FZ5<@U?<>& MN]ET'9,*9LUS;*`HO>^.8U+%2/S&-*9LGNKRG6S(9'-NK13CPO,FU*S6I!\Q M#)"%?:]M`3P#=!`SA\>/4,^`7\+("75X!,T>@J3,G;U7MIW(>T-@1*1E_[Q>EXDI@KA. MH-;RZ:2EH**')%I'*SI6[OU*\Z;2XN]TD2JP[UP,^*%Y)L6!UR`M#?\I*`AO M^J'YN,NILYAW7Y.YU-L[Y\\*3)=%3IK<^H(UNM?$0IF2/D,(MMOT?`/ST%C[ M-41$VG7X]!-$"34^EIYR]^D5.6%Q3^<[7!0QEN3ZT>L+?QXR$1'T8!30\O`) M:JCZABHC5?0>9,RG:X8GFC+[A/8#3:^]O><9D2AV'FP6% M(O>NRKO*T.ZL3\FBS=E8?%OVYAYFF76NXNT;=@$*$YN91TZX!R;FT89E%^9D MJY#MI%A]I2;D\8;C^3'8A->UH^[.\#;-H^(ZH;%V(A3J=+66!EA'0"M1\NLT M0P=[\9IO4^20^W_I]Y\`I`I1)\#I0YKZ>/8T5HT:I%K3 MZ`ZG/T1)FD7%BR*Y;J\9&'4BQJ!+#LT6^9C&!"3YKP+RD?IM543RI"BR:+DK MZ)9`,R90=]`T*0BUF/N8YD4>X5Q[>+6&H"T!K,^*[D.)A2[N[S36B):BE95/?X,F&;/GI:XH1 M25_"AH?E\5K24HMD>1E`[G/ M@B0/6#H\@TS$)A0L9&PU%A?LUOL?9"-L\T)_BHI'W],`CE!4/UGKR(F=W2Y= MNQF5[XW*8F`F1*:R4RN$GLQ>W;B9E>_3]FN'331<52DQ_3'[MGK'Z4S3:*\% M[#G7\$V&MT$45M%II:]@%8C.I=9>RUK$)EC3)H.88&V7[.LR>DT&A->">!,% MJI%O#@.7%VOR">4%I,YV&8U=86D+626F3_@S^XL(\'I]+5RM#40$ORJ4U;00 M9X4XK[K4%N''&W@'8B,M]:^DQC,Y>TK'LRC>D=_J9F0UI3)56D>5V!``&R9V M+$7Q#9W%%OPIUF#F_EAVJ]7MZG^V^7BH=;R[[7+:W"MF9.YC%U,C]_7L4[NN@J5US1B1I"$GZNMC`@ MT(-:F1DU(KRY$[>_J5%MZ*IWD+8V^PZ/TYBMQ>]Q0CXZ,3GBGX0;(B:]Y19$ MT/+H+SI/ZW6&'ZB-A`2=J#FG!2IYL:O@/K?JEN@;HLV4U#M0CYC*64HB\W,0 M/_H+8"EJ;;-`\I`8$.#MUTDN#[_>UTD>TH*D7+)X-APG.]3QJ2K%3ULG^2**<78:%/@AS<15DO=;6:B1/,@6`@I.%C&ZJ"+L M"R@4X^X71Y;H>RHXG)"#7$@/C3K`\.M3W? M$K6Z3$/4R?7'\ZR2^\UID&4OZS3['&2AR,RLV]M"\B(C,6%YC7J9(!?E&PF[ M]NTQ]`5P(_74SXDT8CX=!DH$J\>('-M?VB&:LG2[D@[PX`FE,!`4UM3W0VX] MS:VKUD4O6D)S9AQZCM,70>I9>[G99NG30$7Y#K@D'>#>X4IA0.:KBCIJD_<4 M6VI5]#RF-2?&';9.XCC]3'UH+]+L+-TMB_4NKH(DFY+M`IQI=@9CSDQ(T*&M MXL2"N2M>J&*&&FZ^@=%,1UU@CIE)AR#M2<+6C-QVH.@$!Z664"`P]E%7[H3> M6ACTE-)#G\%4.71KKYQ%57[LO79PQW41:]CUH0BBV+NOJ'"L/8]TN9X]R+[# M4OB^C,[!T^T^728>@:`V\O&\TD0\`HUHI^.1SIU#QQ"6S?MZ7;K,IHGHBC#0 M$.[:(60."EXKTY*CZR>6KD2V.CLH<.I5=QKDCV2/ M?XI"''Y\^3&GN2W+>,ODX6151$\\W%E^(AQ!R(9?W4CA05#'!:)L4<47+5_0 M`66-HN0MJKFCAKWM<)UI!RX-V1DQ>M_V@/':&_`Y!('>H;##`8=0D M.S6-[38[%O?*/JJT$&"&'VDIU"?,?8!_P-2)76PET^QOPV!F)BK0=E8Q*Y]( M]]B5=:-]0ZVQB@8L:6.FTV7P)'H'1127C!Z4$Y!8Y/O'NYNH%@V5LNDF);7]`9E/:](/SA2J\VYWF43U M@[>:B9:I!V]P[-AK^O+&.TWWWK8GE(U7ML&J%Z4SJ*?>4GK*T7YP&Y@RA^C; M?^U3?!A%K>%XDXL!`EI9C=8[%,F'W(./CNH=6FO"O^WR@GG]W:>WF(XWBO%> MM/9].F1%;5(@Z;Y!3,(*;@.:4`$@EGZS(-YYGMC5,(C70?ZI$ M4F)1X0\OP\FD.,<%:O/T;3T8*TLSIY1J8AU&P7.?5+[F[H/GTC3X$2=X'8F^ MQ8I.\)AX+:%`H?&<0[6!TP"TRH!]4+)YZQL8];32"Y4WF"NG.2?+/9Z66#LE M]_$HV9'ET7B2?<3K-,.UV#@_?R9;/-%YE`39RV6!-_DHJYX+SC:R6;I2#^P5 MJ'W\H6A%C:RH$18MF;2MU48W_CV)$1-YX@VS-C,)N+/6J\K?K*M*S3S. M9I!P6=2H"*($A^=!EA"I\I8;YQGY-*Z$EB6-CA9*&.D*!P%TQ055;-!!VX>W MY.2=D4E?.?UJ1693YS#?3!HD585T>8Z%H9;P##-B]J#4,I0L*NEZFT!!,OA> M,AF5\IU&(60['+8*@BISCO)5D4.XWL596_MY45L:;H M&QZ&ARJLG3Z@X&D3V?\)Q_$?DO1S#/"67?>;:U`U/4+>WD-Q>(0H$'F6: M>\KA\"?*`E4\N"M;Y@MLM+713WZO-3,Z8(KQN"R(EEJ5,5W:#.^EJ"@9RTVUXH(H)JKAX&A>HJY>> MHZ[1C+FMDQ;Q.`VRTW-/N`>'\C!WW4J<,J0-/)\A_ MX7U*;5.5#03YCYOB.3TD60*"YD3>*]UM7)WU>3 M$0I3>UIJ3O"L**ZD*X_3ZF@P70)38%@A[!00KL%;\IP@LFJ"4:H"I+2&^@K6 MJ$)5&DM4"[Z>1,;+YP5GE! M$^`SU"O.(<+F8'2I!`$]E%:N[3?4+$NI^P8HU>B[6-*;!XN:#"+5L.DSK94\GEKO?*&S1')"VW(AN7;&M)62Z^"AAD(W3YI MI`D[I-P$V77&'&I"^N:'JX4O><=0];3R>*$I'NAQC;%!C,^"G`PR]NSKW19N MH(VA=PFCV9H%@KT@/C7V^EUL@DXHD#VT]6,Z/8:=4!\2O"EF:/8+3TM4LUM/ MN^-45Y\!X2S>?U!S_UF@-BQ]@Z"^=C2O1,*YFR7JHW%GUH__&.AC,Q)$+)*U MP*B&Q83Q(;!QZ(='^>M9KZ4,2?R("F@NKX`%KL)B;S&+IR:'&75,JKJ?A2N@ MIFA0IX96G'/&^:!MP%Z4/0W0T]9,_\YD-&LNO6>V:1X5N69@D["Y!?\9N2`@ M4STFQ*BK=L4$^1]#I-)'WZ%&9V9<1\JILK_O-[(4)6KBS@-NC`=;F,ARFF`I87()DX5,;*^@$`Z MYG[\DE#/3I.$I#ON\LJ^VDT>,G$=.WD?&\E"U"(!$X8P!LR%CY_,&AY>EKC3 M4LE`&A'=:7+H[+39!E'&:@5E9U%.ON)!?+V^2JDGUA,.^;[8*1`C@.$H4G`' M*,``0*Y0-5_JC4KY'<:4(?+S,PA14\]!"#S1+B.=\D<:/D#^1]UCGX*8!A3H M`5JOKX68)P,188%/^2./'J$_M'CY!E8CC?1#GHQGS64.0U;JE%:F>4B8-54/ MBNI^%C(8:HH&@6#)!+6X^`8^;3WT)&)`+H']ZI) MGQ1%%BUW!7UUH/>5FV`*IS'P@.1Q#IJC\FT]2;72<]E10VW.$RV1+=Y1#^2; M-&,9S5HS<)\.ERC4/@"/(C[!>1DRR(F.U[5(J)2IA_T153C]UY0T(_._U-55 MUY:?"HL@*_ZE-#.EG2>A+RKSXZ8,4;OZ8@W?ZGU(_RKXLDDZ3)C:U<872);( MU3?(JC6AGZ%UM@/6ZA&'.YK3JW(28AY"K'C521)>1$F0K(C`CD'48K2\S7P#MP5-]C9A6\AP[Q19AC#T MZW$1N9F)MO6KYH&TC'%0K1C+3*RY7=H=--!/DQ5V._>WL-L$&A.Y<4Z!$W=+ MZL><;`#G>1%M@D+X>-!I!(;T,%,()`E%NLO7-'V#Y/"(NY"2Z7F>++2W>%N^ M\U^OV]%C(E<.G:Y6\\ZJ!`0Y=.PEG#UH6!&HO45[H8.^XBM^:/F"#BA+ M%"5O6PDK&[:6;?T3#%9J\+,\XIG>`@RU-O!`,`K0LV>#KBJ%REP#M;I.E?]Y M4,`)/+-2EO@Y*&.!/0T$-M&19JYGR2RZS&#SMUW.JTM0*R-929<%WN3W*77? M)O=?%I35O,#=IYJ+315R/#5;"]ESW"@&EGNGEI$'T=./`1-S06WMM:2H_U1, M_FSXZ;`>?>V1@N7QW"ZU[-N^YVJ6^DF67&X0#E/7LN<>6H,J3`"4YM66=K&1GU8I$"QR M24S?-UCIZ&(@>ZOF[,SD`:CC^6?9X\^EI]]D7GY6+_>OWKM/RZMOYAADU56E MU\Q6A+'5JT!%T_8I'2*K]%1=$?8-OZ(!"Z*<9\F59)#?6+.3A6Q*4^=@\C'=<>,*D=]G08BK%][J*;CY>UW9^2+-SM+=LECOXOK!F&4# M$.ZV%EE8V*GM#QAD\*FX(,(&57QJYQY?L#^E^OK[\%2`F2U@[+P,A+H-"GR+ M-SB@#A.2HJ?:W6V'BBD%A6#]XI7&ARF5H@@.TYR^>?PA:&`E74+7:W6.>W4_ MJYX04M'LN4%4;*B[C<_Y[;55(W-_T)BV^?UR/@;)3]=/.`NS8"U.LJ+7>3+? MG&$A;B5]MAG2AR[&PC?,Z:BA'Z*C.S&SE#62FO[[[6P6,+)GY/?Y\RD]D>=?J=-*XOS\F7SKR1Q'29"],-\3 MRQOD>(X.=DFP.EQLE6C)I-Q+;KI`>Y)6?EI>[)A.E&IEVYQ6LW[NGN#9,=]" M+6T!3@-0=YL=*YS%79C3S3;#CSC)HR?#R>V9ED M4IG;TOAESK>.K;*=9*^NKE(T"4G84(`6)/V27[\`24DDQ09`BA+17GX9:R0T MT-T/T``:C<8/?WV:AP75`F,\#RJ:?7M&('W[WW?N/A\>O M_OI??_S##_]Q>'@P%CQ(?!(WOHS,O<.*8MB)4U&&-'OH_3[2^ZG\E@T>0"64/\[7!8[5%\= M'K\]?'?\^BD*"HQ.:%AJ)B1/G,7$GREMR)J.WQZ_?7=<(%!5-M3%!DFNC>./ M'S\>I;\62\OJ@GA5O%C[^Z/LQTIIJF%GI6&)ZE<9K(*'Y(9,#M3?GVXN+*0_ M4D6/:"!^/>5^,B",Q31^OF`3+N8I:E\?I")]'S\OR*>O(SI?A&3Y MW4R0R:>O52N'R\H5'G^RKOMH+<="D$@62[^_E%^4FB5/,6$!"98-*PFZEU0Q MDW,3%E/Z-V3\-,K:[*CIBP6 MNUU$_-=3_G`4$*HT=*P^*/:/#]\^.J`BX"(S-SO1?]+0>YDM35Z+_V,3-]ET>KU_';?>AX30;F4(3CU M8IW"R^60:KXB;#T$[_8%P4BR%"BVSD-O6J/Z\N_(5%X1KE[5?]F7JC.V3R0[ MP@LOY&3Z]#?R#)KU:CEDJ@>$K8?@_;X@.$F$$O2<1KX7_B_Q!&QSP*+(@(!% MKL?BPYZ'`Y_/.;N-N?_;[4P*'UTGL5IAJQT=/#9T1,CPL5%#/5+?[A>I<7(? M4O\\Y%YU\5Q?!B4.)2'KU?[=?M5^3D,B3N2`G7(!SQ;E4BA57Q&T7OD?]VR= M,N-Y0Q9]L?9VS]0L+P;XP_LEOB19R1X"**$B)`+*#R*#$!A0>PV?N>>KW@.Y?? MU(T0J"0R/$"!`23VMK4N,Y9M^^VP*)9%C49):`"/U?[[AZ,-(2_E%]TXVM7T M111CUY-SRCSF4\D=CZAJY23THHA.Z-J[W=35;EG[WISMEOQL,PHF7G2?=J@D M.IQZWB(;"B2,H^4WU3&1?ZUE#G#/-R+=:G!W(-:==Q]6/0I`H9X&=QLDU`"' M1-V1N[X#+.30(A?R8]7F:@JZ@DFI&]5JOR`J8"\.LWS+:`5=M2PB!#?$A$_1T`%Y MXD4SN=Q3?\[^F=`'+Y221J/XQ!/BF;+ISUZ80'.;'2T*H"W5L*.SNRW&H>_S M1')Z0WPBN983R!6)\_X*#4<="0JP]$+OZ-"O/49C018>#%H1%1`].?5D4 MJ`!B[N@`L#T MZ,"*[XHSO\&BKZ8X(ACKA(6/"-$M_<:"+XB(G\>AE[G\Y,)GH50C9U-P>M*0 MH$!6+_2.SB#;8W1.&8W))7T@P854)YM2N=K)>R>(DH$(!4XFP7=U*MD>JE.R M4)ZTJ&H[`)#`XBC@@87=U5%E=S.7Y8R%`PAK`-IX)QQ9=&@!PP23]H@2'3B7 MU+NG(8TIB>1$FH:RS7@H!8K4I!H_&U:(UN0H`+97AN94%-T2LBBU/=IH@35A M^!XYAG;^?`T!-D0M/?O''S`"NW23CKUGY2.U\PI7"J,`%!(4`'/K,.JM(!&) M[$`;/1!&!2B/!1A(7`";K6.MVV-SQ6.R[$(W))3R!6-/F#$RTZ'`RD)\`+,> MW2.7W&-V]JVN)`I<:D4$#J![]'ZDAP[6=@TJC0(14%0`E1Y=']:`8,6B`0PH M'2`%^:R/7O0TV&"U/X1YV\:+TOLJ_9*SZ1T1\Z*=!^>PFJ(X\*P5$H"QSU`- MPE2BH1$+4B,_YK+'D9B*5,)3,I$R!I\)DQ]B=8`4U?93Z.RLD[I1P-V1&H'^ MT6/L2!.\$>/7#(\VSA&7)E8S?NA0`[%"&7JRZ4V_8'Z8J*OR8W575>(0QX+> M)[&:5^ZXZK.D].H*JB4UN MD_O(ES9$KOB2^"=&U:WI(/\RY;L0QFT>8\VK1`'U=DH#.D&?(3>^G\R3U(F< M[@!4JE5!9FI;\$#D',/GY))'*I+K>G+G/<&G'XUJ00%U8]4`Z&Z=7Z`]NC-FZ#0!IHQ@* M2#:%`P#HT;O4S7)[I_L7'&!WI4B@B[0)XW%PDWR5S.^)N)YD^>7&GDB7^DNG MW"F-_)!'B3"&;G51,])NU4*%0)_J\:K51JK!41+/I+'\G026"^XB!0HDM2(# M"/48%K3!;II;RAJ=O#1.9):B`JCT&!#4(%.I%0E.?"SRDK[K,P+($'=M$8Y< M2X8"++/PP&7X-]NO<'I+WC5.E3EXFK=6U2,4-TOW2F(AT+6%>-(&4KJ!KNW:"5>#:3*G?=$HK,GJ08I,V6>>$Y5URH`=Q\MH^AD M>X'@!:4PSO6BI+2T0#H*%%U$*S*\5T(';;J@'0L^H2;K45<2!92U(L);*700 MWI`'PA)CD,E&,13@;0H'ISM&A]RM%Y(HE_`+YX$FXV1M410(U@OI7+KD$Q[) M[7[*X"T/8=]?N10*!#9$V]'CIYW,0N;9!X?22R)UE].X]RC(U<(H3T-OO1+< M*(\"1HVX<"IC?!,123<<;+,N8=SN3O,]*AP-="_`Y3+_=N="_8`XEB MI95,V*+X1D^>!2D*S.V4T&%29^=@-]PZ`HNCA-=T,^BXQ\MCYUP0.F59EC/_ M^4YX+)*]3S+XQ:-,S3:95QB^3MND!A3P-5*))F5S7]O*G,D\V^8=OZ0QG:9J MOB5Q'*8*@#:<5K0H4+14@R8S:1BNF=5L8(#"*/""!'4O6_.:0Q4% M57X@Z((%*L<UJ&1^7206N9;:I$`>]V2G,O_7-Z"Q?32=O9)4&' M>>5VU!B*WK(K17>8)[OW-4!I1-D8$QS05\32I,=&A]@R:^DR)X%AN0861X$C M+*Q[J;.KO'[V(NI;HI*510E)+J9[6:Q_(70ZBTDP>I#F?DK*R2`+5]]U.#6K M`P5^#=7B7O[J:@<\I6$2@PDUH-(HL`)%=2\]-="MJ\96%).2XDHEQF3:QX[Z"`I2[/V^LC3THS# MWO,[;F82M4_PJ*'M.Z\(GK0NC;#`F>0EDT5U?\[D?Z/1$S7F>ZFE<04J<^J7 M>I&=@ZB0Y>M'HN8>R,&_46' MM.%Y.13/R[4(]%X007D@ MF1=QOSW,T@F/U,UN[4AO81Z<@5#U[2RK^FDB5(].&4L?*;@BC^DOL,VWH<4! MM9T:G-N^`'QG/;IP<-,#]\+4%=)B+&9TF*$KBN]<2D9M=VN!69$0,V@E!L0"GSQP-]#6,Z[(M=H#BO@*9 M3[QH=A[RQZB#(.5U77T$(*];[SVX>,6*?4SQ)DG?Q^,H0XE!S>.,(-ZP2O]6 M(0HH7Q>4BWG5">6&[(%*R_;Y^2>Y/[Y@J]3Y(S^F#S2FQG<[6E3D"O:FW4YC M!;V@_O%OZ'KH<5E6I"(H>4!;*N3"+ MP3MN6B]VXQWO,?QBR*[O6G3%D%S?D>3Z/<9J#*^;[/-UDQYC.(9GB)JHP;UP MC>5;$.GBO<'[%YOE4>"D$=>]V`[)H"!>1$Y)]K>P5\IOL9MS9=M6@`*])@IY M6:]I@G+G,T;K?E"AQ]X-JNIX68]K5L6^(3ZA#VK#!JV>]#1(T2Z)[=Y;FYL, MJY="F6R--L"I2(,4IY+8[KV@6<=P>>.5)_!O@%D]/5K\`'6X]YIFS92P7.EE M3&<2V,^/M=1(<014X=Y+F0#K)^TA/'DQ^)U8@=?GFYH;?(\%67@T.,V76$YF5-9R`SG0&R.5*_X8\$`:F*S#3(85N0WSW7L(TK>#;S(%P#4AQU*C$ MO7JYEB^(& M'4[P-L5W[_%,V<%\0H+TY605&WD]:3P&&]2``\<[%)6?3 M.R+FE]QCZO]Y`.78$YJ56+NZT*'<0$WN/G6%`]DF"M&\P/E2EMOG ME'G,[V"YK:L(<\?0*DCS6">^Y7;!Y-V016[TKB=*:?+/B92$VLSR,"V*;F"I M!@#Y'EUEA6FJ*,,I6?"(QM=,S5F&);:6%`=Z5DH`P.O1*P;UNL\>^^WZ@8A` M>!-XAV1'C`-`2T4`$/88>%4R%ODZ,;\.<:G\M.:CHB8UH`"SD4H`1'N,JX+Z MXA6/B>'HUHH4!89V2@`21/2;`'G%MTJQ+A=Q>"S6`KEZ.G2P`>(#F#GB M;DH/M;(LI!9(%4NCPZS)GWEL2FZDF#=24"]* MA.YZL34Y"MSLE0$`Z9XOJ&:'N_76'P>8310"P(G2%Z2$'K%`_5%FY\$+U9R> M/6E0#2\`ND*C*E!TAF9*`;I#&\^/H]UA),>&$,]R&.C>1S$BD'9^LDZ:9J M]Y8OW<1(3UD'5US=20D_RY9^,QRSZ"CZ2E(CIAZCOZ?`G7`6\9`&V2!FP;@` MZO4D7T%YX6K<16MY9.E;N82F$^JK`_,L`CQ]8R*DOEQKK>0%-+-W-GJV719] MIY1;9^\H&;++[]&)UCGINC&H-55W)-)JV-E,&I;I,CS6)0Z,^^$%ZQN M^Q:2F]0P#8C7KBYB^X8CO?+0,]BC&_2!DL=E`-..(AW!YER)@`09[.EP3#7_;&L-H-)]W:C)=9LG MZX.O]M84['GL&_1>NB93(Z7#`WXLJ-P\+-*7/$L!D#L>^>9V73$!9DX'6]!B MHU]5Y+-Y6Z\AP6,?])([;"E^BN1_SJ*8SCUUF7VWY@%HS!6;`+`W&(+&S)E%0HKK,$KY?T@039'8X=6Q&;EETQ)C:\#C:E>7#56JU"(K#@D1?6*]AH7UI5 MA\^Q2ZBP3KX.=VJ6#N;5K&;75L5&'.\:EF'1J;2^K68&D&,N<05W:E[:- M.Y"@JPF[@Y7I=#5D4KC]*LB^)H1VJ)7"W#%,Q4PW:U%4#I,N+9"Q%0?R_-3R M-=B43FW*2K/VQJ.&!+65J%.!.^:@E!>CR'26Y%A^O;)M!0]VEZ9B*PY17DLA2%`!2!R!=.-[E@7:P()[MPH`QB^XLQO M`U:!#C->1?'K(>OQ973=Y8^U'!!N=L0XP+-41#V"/3Z)OF12+M#2U=J:V2MB M&G#U-#CPTHL-/&_K_+%SI]N4=DVC.'@>-A[#QF/8>`P;CUX",M(`[Z;!&!F1 M*YAJYU:3X,Z-LO-$,*KBME,OU9/Z%*5K;P`DN#P*?#3B.K?!N"1>1&8\#"[F M"\$?LC>Z==AH"%"`HQ/8N!793/0KDNU-F?3]YWU\_`7F% M/0!:$A1XZH6NQ^@#ALC03ET`K5O'$ALZ.`(&1\#@"!@<`;O->;B@L1?2WTEP MPN>+1')TRR?QH]2<;JUL)',%5^T\:Q;>N;%V3N7VF*2)02ZIKS)*C*:"F+>> M9CH4B%F([YR;H,!SDR%F),,&6*,AUJ/C0&,5"ANMXH:JN9&$*D*!:1L%.>>` MJ*Z[Y=;J[,D/DX"RZ7(!#N!J18H"23LE&)P"3MSXZ71G:6[&N3L_PUYQV"L. M>\5AK[C3\R[.IG=$S-.@I-P*02===45=P4\[)=8+Z4EB<:#KJ8*%'`V4XIS;MK-WMC4 MCC:I`06BC532^AI)_HOZY]Z+B/SF7U!+`P04````"`"'BWU"ATID3EX(```B M3P``$0`<`&QE>&\M,C`Q,C$R,S$N>'-D550)``-M!U91;0=6475X"P`!!"4. M```$.0$``.U<;6_;.!+^O`?L?^#FPZH+1'YMTC@;=Y%+TEX6V<9(6]P"AT5! M2[1-'"VJ)&4G__Z&E&1)B4E+3@(L#OIB2R3G&4H/9SA\$<]^NU\RM")"4AZ- MO7ZGYR$2!3RDT7SL4'XG M$ZH(DGRFUEB00W0>KG"D"USP99PH(M!U%/$55J!!'L)-T#F$O/A!T/E"H3<7 MOZ!!KW?B#WK](?K/9/+GZ%_'@Z^]WP=W?W70>KWND'".A='2"?@2^;ZNB@P6 M9(D1U#Z28V^A5'S:[>K2ZV&'BWD7(/O=/_^X^6S*>6G!TT3Z?$99I30C]SQ2)%CHNFOX M07^@P0DC2Q*I#UPL+\D,)TR-O>\)9G1&29B#:574H9Q&4NEW[2&%Q9RH3WA) M9(P#4JL*J8Z0%!H,NB1!9\Y77L#V#V<8FI`R34C?PGTH#QY"0#"8R(4)7+3C`ZZ+_-((9DU?200H1']NSX0P].F#P0BA/T= MGR7`K.FS@$B0L%=N;AKC"SP#TA=?[ZXK>-N]2%H[&HIOEU0&C,M$D$]BLO\)*[B\G?TSD30B4EXO8TR%[KUN9S<\FM_0%0G/I21*3CBC@8/?O;`< MI`_>;B>]KR^,*L1G*%=VB@IU.ETK])G6B%*5Z$VN])>V13A:1`^".+XD7_`] MD3K`"A,&G$),0(0@(22GK_,\"F\HGE)&M8U=$H4ILS>-9X$ZVLCPV-)&='*J M$QFEIRA7JQM'KECGY=YNJ"\X1#%@45_H!$,>FDT+R1V]"TOJL/E/BPQZ!`NP*/?04.6=EI?5K2Q9\MA-0$%D`H16H9:C*8+.*XYH/'+;*N M/MW&HFVP6(KW6@.TT/L9'H^DX_<++!4/4`8\5;M2!"+W9#%K1TNB)IY+"U&VR&X&+TR-E5EO7\C&,N?T6I M.C.@-`I116,6[K345TUSJ=\.CRI6N$EST=/3IG7)@R1CIQ!K7W$#[Z=#/K`0 M_:?;[PHS/<1JW-_M@'%U>[8I84NW9V)4;6/FHJ2L[?]JM8`1>*4E5=IJ]$3< M!8C2:$XB%]U.&=>XWK)\.(*+$F1*9QFT);#1A&Z#>5FG3SUI-+W:DF2)8M*> M'GY9HO?Y?11&$A7PEL8&H2RW8ML9#-=@ME9B*]K*XUXUHMX6B2[I_5 M$S9Z6!=KX[*1O;VPBT_+!/H1,I]<&"PS#MF@M5Q5N,IF6O)__=YAP*8>KJ,9 M%TM3I1)9=4J[W&TZ*5":WA:X[+F MDZ2/G(=KRIB[4>P+YVH7%M-_-#RJ=N!%1OG3IEQIVS+VFT3<8N_-YP\=(*Y6 M8.G)[5.'VSQ&&ZHW__JQUN>,S@&U;0_FX^\36TI>^8LSM^]^214N2[;LZGR= M[\U:1__R(<".4=S>>*Z!G&73T[."@/^_H=Q9MW3&$-Q4#B`ZH\N8"X724ZAN M>&!R'">A!5'6U&<.NI8EW" ME,Q3_.)@+5L5G$>3U:[*X\.\]$4-Y6IPJLO20.:DI2P$XZ.FN(5V#I(]WUDU?*ES^#U!+`0(>`Q0````( M`(>+?4*V@6)G`&4``)@7!``1`!@```````$```"D@0````!L97AO+3(P,3(Q M,C,Q+GAM;%54!0`#;0=6475X"P`!!"4.```$.0$``%!+`0(>`Q0````(`(>+ M?4)BL#U')@4``&,\```5`!@```````$```"D@4ME``!L97AO+3(P,3(Q,C,Q M7V-A;"YX;6Q55`4``VT'5E%U>`L``00E#@``!#D!``!02P$"'@,4````"`"' MBWU"`J\F8W05``"Y@`$`%0`8```````!````I('`:@``;&5X;RTR,#$R,3(S M,5]D968N>&UL550%``-M!U91=7@+``$$)0X```0Y`0``4$L!`AX#%`````@` MAXM]0H:&\M,C`Q,C$R M,S%?;&%B+GAM;%54!0`#;0=6475X"P`!!"4.```$.0$``%!+`0(>`Q0````( M`(>+?4+\^93IJQD``$/J`0`5`!@```````$```"D@<&I``!L97AO+3(P,3(Q M,C,Q7W!R92YX;6Q55`4``VT'5E%U>`L``00E#@``!#D!``!02P$"'@,4```` M"`"'BWU"ATID3EX(```B3P``$0`8```````!````I(&[PP``;&5X;RTR,#$R M,3(S,2YX`L``00E#@``!#D!``!02P4&``````8`!@`: )`@``9,P````` ` end XML 40 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Use of Estimates (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Use of Estimates

Use of Estimates

 

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates are primarily used for depreciation of property and equipment, amortization of intangible assets, allowances for doubtful accounts and inventory valuation. Actual results could differ from those estimates.

XML 41 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10 - Income Taxes
12 Months Ended
Dec. 31, 2012
Notes  
Note 10 - Income Taxes

Note 10 - Income Taxes

 

Significant components of deferred tax assets are as follows:

 

 

 

Years Ended December 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Loss carry forwards

 

$

2,761,612

 

$

2,281,612

 

Other

 

229,720

 

229,720

 

Total deferred tax asset

 

2,991,332

 

2,511,332

 

    

 

 

 

 

 

Valuation allowance

 

(2,991,332

)

(2,511,332

)

Total deferred tax asset, net

 

$

-

 

$

-

 

 

 

 

As of December 31, 2012, the Company had approximately $4,900,000 of net operating loss (“NOL”) carryforwards for U.S. federal income tax purposes expiring in 2020 through 2030. In addition, the Company has California state NOL carryforwards of approximately $3,400,000 expiring in 2013 through 2020. 

 

The ability to realize the tax benefits associated with deferred tax assets, which includes benefits related to NOL’s, is principally

dependent upon the Company’s ability to generate future taxable income from operations.  The Company has provided a full valuation allowance for its net deferred tax assets due to the Company’s net operating losses.  The valuation allowance has increased by $480,000 during 2012.

 

Section 382 of the Internal Revenue Code (“IRC”) imposes limitations on the use of NOL’s and credits following changes in ownership as defined in the IRC. The limitation could reduce the amount of benefits that would be available to offset future taxable income each year, starting with the year of an ownership change.

XML 42 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 8 - Loan Payable
12 Months Ended
Dec. 31, 2012
Notes  
Note 8 - Loan Payable

Note 8 - Loan Payable

 

As of December 31, the Company has loan payable as follows:

 

 

 

2012

 

2011

 

 

 

 

 

A auto loan payable to a bank, due in monthly installments of $1,346, including interest at 4.39% as of December 31, 2012. The final payment for the loan is scheduled on June 27, 2016.   

 

$       53,454

 

$     180,104

 

 

 

 

 

A loan payable to Playon Interactive, Inc., due on September 12, 2013, including interest at 11.0%.

 

50,000

 

-

 

 

 

 

 

Less: Current portion

 

(64,083)

 

(126,650)

 

 

 

 

 

Loan payable, net of current

 

$       39,371     

 

$      53,454

XML 43 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9 - Commitments and Contingencies
12 Months Ended
Dec. 31, 2012
Notes  
Note 9 - Commitments and Contingencies

Note 9 - Commitments and Contingencies

 

Legal Proceedings

 

There are no pending legal proceedings against the Company.

 

The following two legal claims, which were instigated by the plaintiffs against the Company during the 2008 calendar year, have been fully settled.

 

On July 14, 2008, Advanced Digital Technology Co. Ltd., a Korean corporation (“ADT”), filed a claim against Lexon and certain named individuals who are former officers of the Company. The claim alleges breach of an agreement to settle an earlier dispute, involving ADT's investment of $150,000 in Lexon on or about January 16, 2007 and ADT's subsequent unilateral decision to rescind and demand a refund of this investment. The total amount of damages claimed under the pending lawsuit is the investment amount of $150,000 plus filing costs, interest and attorney fees for an aggregate amount of $178,522. On November 9, 2010, judgment was entered against Lexon Technologies for the amount of $206,547.95. On approximately November 23, 2011, this case was settled for $205,000. This settlement effectively concludes this legal proceeding.

 

On September 5, 2008, Vivien and David Bollenberg, a current shareholder (the “Bollenbergs”), filed a claim against Lexon and other third parties, including Byung Hwee Hwang (also referred to as "Ben Hwang") and other financial agents and institutions involved in the alleged fraudulent transaction. The filed complaint alleges that Ben Hwang together with his representatives, including his accountant, escrow agent and real estate agent/broker, made certain representations to and solicited the Bollenbergs to make an investment in several companies and ventures including Lexon with the intent to misappropriate the solicited funds for personal use. The Bollenbergs allege that they invested a total of $1,500,000 among and between the various companies and ventures recommended by Ben Hwang, of which investment amount approximately $550,000 was invested in Lexon ($150,000 for 600,000 shares at $0.25 per share and $400,000 initially invested in Lexon Korea and later converted into 1,150,000 shares in Lexon for a total of 1,750,000 shares in Lexon). On April 1, 2011, after a trial was concluded, judgment was entered in favor of the Lexon Technologies whereby Lexon was not found liable for any causes of action brought by the Bollenbergs. The Bollenbergs were served with a filed stamped copy of the judgment on June 2, 2011. Thereafter, the Bollenbergs filed an appeal on December 2, 2011 and insisted that they were not served with the judgment on June 2, 2011 and filed the instant Motion to Vacate the Dismissal (or the Petition for Rehearing). This appeal by the Bollenbergs was denied by the California Court of Appeals (4th District) in February 2012, officially concluding this legal proceeding.

XML 44 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Subsequent Events
12 Months Ended
Dec. 31, 2012
Notes  
Note 11 - Subsequent Events

 Note 11 — Subsequent Events

 

Management has evaluated subsequent events through the date of issuance of the financial data included herein. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-K or would be required to be recognized in the Consolidated Financial Statements as of December 31, 2012.

XML 45 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Capitalized Computer Software, Gross $ 46,088 $ 54,910
Finite-Lived License Agreements, Gross 1,027,925 831,662
Finite-Lived Computer Software, Gross 1,597 1,597
Capitalized Computer Software, Accumulated Amortization (527,528) (56,728)
Intangible Assets, Net (Excluding Goodwill) $ 548,082 $ 831,441
XML 46 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Cash and Cash Equivalents (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

The Company considers all highly liquid investments purchased with original maturities of three months or less to be categorized as cash and cash equivalents.

 

XML 47 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Income Taxes (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Income Taxes

Income Taxes

 

The Company uses the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in income tax rates is recognized in the results of operations in the period that includes the enactment date. The realizability of deferred tax assets is evaluated based on a “more likely than not” standard, and to the extent this threshold is not met, a valuation allowance is recorded. See Note 10 Income Taxes for more information about the Company’s income taxes.

XML 48 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Shareholders' Equity and Other Comprehensive Income (USD $)
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income
NoncontrollingInterestMember
Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2010 $ 510,790 $ 3,088,905 $ (685,768)     $ 2,813,927
Shares, Outstanding at Dec. 31, 2010 510,789,721         510,789,721
Stock Issued During Period, Value, New Issues 9,500 2,790,500       2,800,000
Stock Issued During Period, Shares, New Issues 9,500,000         9,500,000
Stock Issued During Period, Value, Acquisitions 5,000 18,500       23,500
Stock Issued During Period, Shares, Acquisitions 5,000,000         5,000,000
Stock Issued During Period, Value, Other (315,297) 291,796       (23,501)
Stock Issued During Period, Shares, Other (315,297,186)         (315,297,186)
Stock Repurchased and Retired During Period, Value (200,000) (1,700,000)       (1,900,000)
Stock Repurchased and Retired During Period, Shares (200,000,000)         (200,000,000)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest     (1,293,472)     (1,293,472)
Noncontrolling Interest         13,646 13,646
Stockholders' Equity, Other       17,935 (49,279) (231,344)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2011 9,993 4,489,701 (1,979,240) 17,935 (35,633) 2,202,756
Shares, Outstanding at Dec. 31, 2011 9,992,535         9,992,535
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest     (1,054,182)     (1,054,182)
Noncontrolling Interest         (42,082) (42,082)
Stockholders' Equity, Other       12,175 84,164 396,340
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2012 $ 9,993 $ 4,489,701 $ (3,033,422) $ 30,110 $ 6,449 $ 1,502,832
Shares, Outstanding at Dec. 31, 2012 9,992,535         9,992,535
XML 49 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 5 - Property and Equipment
12 Months Ended
Dec. 31, 2012
Notes  
Note 5 - Property and Equipment

Note 5 - Property and Equipment

 

Property and equipment consist of the following as of December 31:

 

 

2012

 

2011

 

 

 

 

Automobile

$             145,121

 

$             145,121

Furniture and fixture

14,270

 

-

Leasehold improvement

1,100

 

-

Machinery and equipment

1,319,879

 

1,317,559

 

1,480,370

 

1,317,825

Less: Accumulated depreciation

(816,192)

 

(189,762)

 

 

 

 

Property and equipment, net

$            664,178

 

$         1,272,919

 

Depreciation expense amounted to $626,430 and $11,595 for the years ended December 31, 2012 and 2010, respectively.

XML 50 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Accounts, Notes, Loans and Financing Receivable

 

 

2012

 

2011

Receivable from game sales

$   1,143,802   

 

$     414,988  

Other receivable

123,311

 

2,122

 

1,267,113

 

417,110

Less: Allowance for bad debt expense

-

 

-

Accounts receivable, net

$    1,267,113

 

$     417,110

XML 51 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 27 153 1 false 5 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.lexontech.com/20121231/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Statement of Financial Position, Classified Sheet http://www.lexontech.com/20121231/role/idr_StatementOfFinancialPositionClassified Statement of Financial Position, Classified false false R3.htm 000030 - Statement - Statement of Financial Position - Parenthetical Sheet http://www.lexontech.com/20121231/role/idr_StatementOfFinancialPositionParenthetical Statement of Financial Position - Parenthetical false false R4.htm 000040 - Statement - Statement of Income (Including Gross Margin) Sheet http://www.lexontech.com/20121231/role/idr_StatementOfIncomeIncludingGrossMargin Statement of Income (Including Gross Margin) false false R5.htm 000050 - Statement - Statement of Shareholders' Equity and Other Comprehensive Income Sheet http://www.lexontech.com/20121231/role/idr_StatementOfShareholdersEquityAndOtherComprehensiveIncome Statement of Shareholders' Equity and Other Comprehensive Income false false R6.htm 000060 - Statement - Statement of Cash Flows Sheet http://www.lexontech.com/20121231/role/idr_StatementOfCashFlows Statement of Cash Flows false false R7.htm 000070 - Disclosure - Note 1 - Nature of Business Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusiness Note 1 - Nature of Business false false R8.htm 000080 - Disclosure - Note 3 - Accounts Receivable Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote3AccountsReceivable Note 3 - Accounts Receivable false false R9.htm 000090 - Disclosure - Note 4 - Prepaid Expense Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote4PrepaidExpense Note 4 - Prepaid Expense false false R10.htm 000100 - Disclosure - Note 5 - Property and Equipment Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote5PropertyAndEquipment Note 5 - Property and Equipment false false R11.htm 000110 - Disclosure - Note 6 - Intangibles Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote6Intangibles Note 6 - Intangibles false false R12.htm 000120 - Disclosure - Note 7 - Transactions With Related Parties Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote7TransactionsWithRelatedParties Note 7 - Transactions With Related Parties false false R13.htm 000130 - Disclosure - Note 8 - Loan Payable Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote8LoanPayable Note 8 - Loan Payable false false R14.htm 000140 - Disclosure - Note 9 - Commitments and Contingencies Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote9CommitmentsAndContingencies Note 9 - Commitments and Contingencies false false R15.htm 000150 - Disclosure - Note 10 - Income Taxes Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote10IncomeTaxes Note 10 - Income Taxes false false R16.htm 000160 - Disclosure - Note 11 - Subsequent Events Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote11SubsequentEvents Note 11 - Subsequent Events false false R17.htm 000170 - Disclosure - Note 1 - Nature of Business: Business Overview (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessBusinessOverviewPolicies Note 1 - Nature of Business: Business Overview (Policies) false false R18.htm 000180 - Disclosure - Note 1 - Nature of Business: Principles of Consolidation (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessPrinciplesOfConsolidationPolicies Note 1 - Nature of Business: Principles of Consolidation (Policies) false false R19.htm 000190 - Disclosure - Note 1 - Nature of Business: Use of Estimates (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessUseOfEstimatesPolicies Note 1 - Nature of Business: Use of Estimates (Policies) false false R20.htm 000200 - Disclosure - Note 1 - Nature of Business: Revenue Recognition (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessRevenueRecognitionPolicies Note 1 - Nature of Business: Revenue Recognition (Policies) false false R21.htm 000210 - Disclosure - Note 1 - Nature of Business: Cash and Cash Equivalents (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessCashAndCashEquivalentsPolicies Note 1 - Nature of Business: Cash and Cash Equivalents (Policies) false false R22.htm 000220 - Disclosure - Note 1 - Nature of Business: Allowance For Doubtful Accounts (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessAllowanceForDoubtfulAccountsPolicies Note 1 - Nature of Business: Allowance For Doubtful Accounts (Policies) false false R23.htm 000230 - Disclosure - Note 1 - Nature of Business: Property and Equipment (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessPropertyAndEquipmentPolicies Note 1 - Nature of Business: Property and Equipment (Policies) false false R24.htm 000240 - Disclosure - Note 1 - Nature of Business: Impairment of Long-lived Assets (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessImpairmentOfLongLivedAssetsPolicies Note 1 - Nature of Business: Impairment of Long-lived Assets (Policies) false false R25.htm 000250 - Disclosure - Note 1 - Nature of Business: Accrued Expenses (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessAccruedExpensesPolicies Note 1 - Nature of Business: Accrued Expenses (Policies) false false R26.htm 000260 - Disclosure - Note 1 - Nature of Business: Income Taxes (Policies) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote1NatureOfBusinessIncomeTaxesPolicies Note 1 - Nature of Business: Income Taxes (Policies) false false R27.htm 000270 - Disclosure - Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables) Notes http://www.lexontech.com/20121231/role/idr_DisclosureNote3AccountsReceivableScheduleOfAccountsNotesLoansAndFinancingReceivableTables Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables) false false R28.htm 000280 - Disclosure - Note 5 - Property and Equipment: Property, Plant and Equipment (Tables) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote5PropertyAndEquipmentPropertyPlantAndEquipmentTables Note 5 - Property and Equipment: Property, Plant and Equipment (Tables) false false R29.htm 000290 - Disclosure - Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Tables) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote6IntangiblesScheduleOfIntangibleAssetsAndGoodwillTables Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Tables) false false R30.htm 000300 - Disclosure - Note 8 - Loan Payable: Schedule of Debt (Tables) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote8LoanPayableScheduleOfDebtTables Note 8 - Loan Payable: Schedule of Debt (Tables) false false R31.htm 000310 - Disclosure - Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote10IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesTables Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables) false false R32.htm 000320 - Disclosure - Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) Notes http://www.lexontech.com/20121231/role/idr_DisclosureNote3AccountsReceivableScheduleOfAccountsNotesLoansAndFinancingReceivableDetails Note 3 - Accounts Receivable: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) false false R33.htm 000330 - Disclosure - Note 5 - Property and Equipment: Property, Plant and Equipment (Details) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote5PropertyAndEquipmentPropertyPlantAndEquipmentDetails Note 5 - Property and Equipment: Property, Plant and Equipment (Details) false false R34.htm 000340 - Disclosure - Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Details) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote6IntangiblesScheduleOfIntangibleAssetsAndGoodwillDetails Note 6 - Intangibles: Schedule of Intangible Assets and Goodwill (Details) false false R35.htm 000350 - Disclosure - Note 8 - Loan Payable: Schedule of Debt (Details) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote8LoanPayableScheduleOfDebtDetails Note 8 - Loan Payable: Schedule of Debt (Details) false false R36.htm 000360 - Disclosure - Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) Sheet http://www.lexontech.com/20121231/role/idr_DisclosureNote10IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails Note 10 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Statement of Financial Position, Classified Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 000030 - Statement - Statement of Financial Position - Parenthetical Process Flow-Through: 000040 - Statement - Statement of Income (Including Gross Margin) Process Flow-Through: 000060 - Statement - Statement of Cash Flows lexo-20121231.xml lexo-20121231.xsd lexo-20121231_cal.xml lexo-20121231_def.xml lexo-20121231_lab.xml lexo-20121231_pre.xml true true XML 52 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Nature of Business: Revenue Recognition (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Revenue Recognition

Revenue Recognition

 

The Company recognizes revenues from product sales when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred (or services have been rendered), the price is fixed or determinable, and collectability is reasonably assured. Revenue is not recognized until title and risk of loss have transferred to the customer. The shipping terms for the majority of the Company’s revenue arrangements are FOB (free on board) destination. Revenue is recorded net of customer returns, allowances and discounts that occur under arrangements established with customers.

 

Online game revenue

 

 

The Company derives, and expects to continue to generate, most of our revenues from online game subscription revenue generated in the countries where our games are offered by us. The Company recognizes revenue in accordance with Accounting Standard Codification (ASC) 605, Revenue Recognition and other related pronouncements. Online game revenue is deferred until prepaid subscription cards are consumed by users.