0001010549-14-000184.txt : 20140415 0001010549-14-000184.hdr.sgml : 20140415 20140415144821 ACCESSION NUMBER: 0001010549-14-000184 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140415 DATE AS OF CHANGE: 20140415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMSA CRANE ACQUISITION CORP. CENTRAL INDEX KEY: 0001473287 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 270984742 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53800 FILM NUMBER: 14764760 BUSINESS ADDRESS: STREET 1: 1172 SOUTH DIXIE HWY STREET 2: SUITE 335 CITY: CORAL GABLES STATE: FL ZIP: 33146 BUSINESS PHONE: 787-685-5046 MAIL ADDRESS: STREET 1: 1172 SOUTH DIXIE HWY STREET 2: SUITE 335 CITY: CORAL GABLES STATE: FL ZIP: 33146 10-K 1 smsacrane10k123113.htm SMSA CRANE ACQUISITION CORP smsacrane10k123113.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

Form 10-K
 



(Mark one)
[X]
Annual Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934

For the fiscal year ended December 31, 2013

[  ]
Transition Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ______________ to _____________
 


Commission File Number: 0-53800

SMSA Crane Acquisition Corp.
(Exact name of registrant as specified in its charter)

Nevada
27-0984742
(State of incorporation)
(IRS Employer ID Number)
1172 South Dixie Highway, Suite 335, Coral Gables, FL 33146
(Address of principal executive offices)

(787) 685-5046
(Issuer's telephone number)


Securities registered pursuant to Section 12 (b) of the Act - None
Securities registered pursuant to Section 12(g) of the Act: - Common Stock - $0.001 par value


Indicate by check mark if the registrant is a well known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes [    ]
No [ X ]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.
Yes [    ]
No [ X ]
 
 
 
1

 

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

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s 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.  [   ]

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       [    ]
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 [   ]
 
The aggregate market value of voting and non-voting common equity held by non-affiliates as of the last business day of the registrant’s most recently completed second fiscal quarter was approximately $0 based upon 500,005 shares held by non-affiliates and a closing market price of $0.00 per share on June 28, 2013.

As of April 11, 2014, there were 11,018,848 shares of Common Stock issued and outstanding.
 
 
 
 
2

 

SMSA Crane Acquisition Corp.
Form 10-K for the year ended December 31, 2013

Index to Contents
 
   
Page Number
Part I
   
     
Item 1
Business
4
Item 1A
Risk Factors
4
Item 1B
Unresolved Staff Comments
4
Item 2
Properties
5
Item 3
Legal Proceedings
5
Item 4
Mine Safety Disclosures
5
     
     
Part II
   
     
Item 5
Market for Registrant’s Common Equity,
 
 
Related Stockholder Matters and
 
 
Issuer Purchases of Equity Securities
5
Item 6
Selected Financial Data
7
Item 7
Management’s Discussion and Analysis of
 
 
Financial Condition and Results of Operations
8
Item 7A
Quantitative and Qualitative Disclosures About Market Risk
9
Item 8
Financial Statements and Supplementary Data
9
Item 9
Changes in and Disagreements with Accountants
 
 
on Accounting and Financial Disclosure
9
Item 9A
Controls and Procedures
9
Item 9B
Other Information
11
     
     
Part III
   
     
Item 10
Directors, Executive Officers and Corporate Governance
11
Item 11
Executive Compensation
14
Item 12
Security Ownership of Certain Beneficial Owners and Management
 
 
and Related Stockholder Matters
14
Item 13
Certain Relationships and Related Transactions, and Director Independence
16
Item 14
Independent registered public accounting firm Fees and Services
16
     
     
Part IV
   
     
Item 15
Exhibits and Financial Statement Schedules
17
     
     
Signatures
31
 

 
3

 
 

PART I

Item 1 - Business

General

SMSA Crane Acquisition Corp. (Company) was organized on September 9, 2009 as a Nevada corporation to effect the reincorporation of its predecessor company, Senior Management Services of Crane, Inc., a Texas corporation, mandated by the plan of reorganization discussed below.

The Company’s emergence from Chapter 11 of Title 11 of the United States Code on August 1, 2007 created the combination of a change in majority ownership and voting control - that is, loss of control by the then-existing stockholders, a court-approved reorganization, and a reliable measure of the entity’s fair value - resulting in a fresh start, creating, in substance, a new reporting entity.  Accordingly, the Company, post bankruptcy, has no significant assets, liabilities or operating activities.  Therefore, the Company, as a new reporting entity, qualifies as a “development stage enterprise” as defined in Development Stage Entities topic of the FASB Accounting Standards Codification and as a shell company as defined in Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”), and Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

On November 5, 2010, the Company entered into a share purchase with Ms. Carolyn C. Shelton pursuant to which she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share and became the Chief Executive Officer, President, Secretary and Chief Financial Officer of the Company.  
 
 
On September 16, 2013, Coquí Radio Pharmaceuticals, Corp. (“Coquí”) closed a transaction through which Coquí purchased 9,500,000 shares of common stock. In addition, the Company purchased an additional 400,000 shares of common stock of the Company which are currently held by the Company in street name by Halter Financial Investments, L.P. Total proceeds to Ms. Shelton were $10,000 and total proceeds to Halter Financial Investments, L.P. were $270,000. As a result of this transaction, Coquí beneficially owns 9,900,000 shares of common stock of the Company. In connection with the transaction, Ms. Shelton resigned as Chief Executive Officer, President, Secretary and Chief Financial Officer of the Company and appointed Mr. Alberto Burckhart to fill those positions.  In addition, Mr. Burckhart was appointed to the Board of Directors of the Company and Ms. Shelton subsequently resigned from the Board of Directors. 

The Company intends to consummate a business combination transaction with Coquí at such time as Coquí is able to produce audited financial statements to include in the required Form 8-K to be filed with the Securities and Exchange Commission.

Employees

We have no employees. Our Chief Executive Officer and sole director, Alberto Burckhart, is responsible for managing our administrative affairs, including our reporting obligations pursuant to the requirements of the Exchange Act.  It is anticipated that Mr. Burckhart may engage consultants, attorneys and accountants as necessary for us to conduct our business operations and to implement and successfully complete our business combination transaction with Coquí.  We do not anticipate employing any full-time employees unless and until we consummate the proposed business combination transaction.
 
Item 1A - Risk Factors

Smaller reporting companies are not required to provide the information required by this item.

Item 1B - Unresolved Staff Comments

None
 
 
 
4

 

Item 2 - Properties

The Company currently maintains a mailing address at 1172 South Dixie Highway, Suite 335, Coral Gables, FL 33146.  The Company’s telephone number there is (787) 685-5046.  Other than this mailing address, the Company does not currently maintain any other office facilities, and does not anticipate the need for maintaining office facilities at any time in the foreseeable future prior to consummating the proposed business combination. The Company pays no rent or other fees for the use of the mailing address as these offices are used virtually full-time by Coquí and Ms. Carmen Bigles, Coquí’s Chief Executive Officer, who is Mr. Burckhart’s sister.

Item 3 - Legal Proceedings

The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated.

Item 4 - Mine Safety Disclosures

Not applicable.

PART II

Item 5 - Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market for Trading and Eligibility for Future Sale

There is no public trading market for our securities.  Our shares are eligible for quotation on the OTC Bulletin Board under the symbol “SSCR”.  As of the date of this filing, there has been no known trading in the Company’s common stock.

Holders

As of April 11, 2014, there were a total of 11,018,848 shares of our common stock held by approximately 510 stockholders of record. There are no shares of our preferred stock outstanding at the date of this Report. In addition, the Company has accepted subscription agreements and is holding investor funds in an escrow account for the purchase of approximately 330,300 additional  shares of the Company’s common stock.

 
Capital Stock

Our authorized capital stock consists of 100,000,000 shares of common stock and 10,000,000 shares of preferred stock. Each share of common stock entitles a stockholder to one vote on all matters upon which stockholders are permitted to vote. No stockholder has any preemptive right or other similar right to purchase or subscribe for any additional securities issued by us, and no stockholder has any right to convert the common stock into other securities. No shares of common stock are subject to redemption or any sinking fund provisions. All the outstanding shares of our common stock are fully paid and non-assessable. Subject to the rights of the holders of the preferred stock, if any, our stockholders of common stock are entitled to dividends when, as and if declared by our board from funds legally available therefore and, upon liquidation, to a pro-rata share in any distribution to stockholders. We do not anticipate declaring or paying any cash dividends on our common stock in the foreseeable future.
 
 
 
5

 
 
Pursuant to our Articles of Incorporation, our board has the authority, without further stockholder approval, to provide for the issuance of up to 10,000,000 shares of our preferred stock in one or more series and to determine the dividend rights, conversion rights, voting rights, rights in terms of redemption, liquidation preferences, the number of shares constituting any such series and the designation of such series. Our board has the power to afford preferences, powers and rights (including voting rights) to the holders of any preferred stock preferences, such rights and preferences being senior to the rights of holders of common stock. No shares of our preferred stock are currently outstanding. Although we have no present intention to issue any shares of preferred stock, the issuance of shares of preferred stock, or the issuance of rights to purchase such shares, may have the effect of delaying, deferring or preventing a change in control of our Company.

Provisions Having A Possible Anti-Takeover Effect

Our Articles of Incorporation and Bylaws contain certain provisions that are intended to enhance the likelihood of continuity and stability in the composition of our board and in the policies formulated by our board and to discourage certain types of transactions which may involve an actual or threatened change of our control. Our board is authorized to adopt, alter, amend and repeal our Bylaws or to adopt new Bylaws. In addition, our board has the authority, without further action by our stockholders, to issue up to 10 million shares of our preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions thereof. The issuance of our preferred stock or additional shares of common stock could adversely affect the voting power of the holders of common stock and could have the effect of delaying, deferring or preventing a change in our control.

Securities Eligible for Future Sale

We relied, based on the confirmation order we received from the Bankruptcy Court, on Section 1145(a) (1) of the Bankruptcy Code to exempt from the registration requirements of the Securities Act both the offer of the 500,005 plan shares, which may have been deemed to have occurred through the solicitation of acceptances of the plan of reorganization, and the issuance of the plan shares pursuant to the plan of reorganization.  In general, offers and sales of securities made in reliance on the exemption afforded under Section 1145(a)(1) of the Bankruptcy Code are deemed to be made in a public offering, so that the recipients thereof are free to resell such securities without registration under the Securities Act.

Restricted Securities

We currently have 9,900,000 outstanding shares which may be deemed restricted securities as defined in Rule 144.  Generally, restricted securities can be resold under Rule 144 once they have been held for the required statutory period, provided that the securities satisfy the current public information requirements of the rule. However, since Coquí beneficially owns the 9,900,000 shares and is an affiliate of the Company, there are further limits on its ability to sell the shares under Rule 144 as described below.

Rule 144

Under Rule 144, a person who has beneficially owned restricted shares of our common stock for at least six months is entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding a sale, (ii) we are subject to the Exchange Act periodic reporting requirements for at least 90 days before the sale and (iii) if the sale occurs prior to satisfaction of a one-year holding period, we provide current information at the time of sale. However, once we complete the acquisition of Coquí, Rule 144 will require a 12-month holding period initially before reverting to six months as discussed below.

Persons who have beneficially owned restricted shares of our common stock for at least six months but who are our affiliates at the time of, or at any time during the three months preceding a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of either of the following:

1% of the total number of securities of the same class then outstanding; or,
the average weekly trading volume of such securities during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale;
 
 
 
6

 

provided, in each case, which we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale.

Such sales by affiliates must also comply with the manner of sale, current public information and notice provisions of Rule 144.
 
Restrictions on the Reliance of Rule 144 by Shell Companies or Former Shell Companies

Historically, the SEC staff has taken the position that Rule 144 is not available for the resale of securities initially issued by companies that are, or previously were, blank check companies, like us.  The SEC has codified and expanded this position in the amendments discussed above by prohibiting the use of Rule 144 for resale of securities issued by any shell companies (other than business combination related shell companies) or any issuer that has been at any time previously a shell company.  The SEC has provided an important exception to this prohibition, however, if the following conditions are met:

The issuer of the securities that was formerly a shell company has ceased to be a shell company;
The issuer of the securities is subject to the reporting requirements of Section 14 or 15(d) of the Exchange Act;
The issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required to file such reports and materials), other than Current Reports on Form 8-K; and
At least one year has elapsed from the time that the issuer filed current comprehensive disclosure with the SEC reflecting its status as an entity that is not a shell company.

Recent Sales of Unregistered Securities

Not applicable.
 
Dividends

Dividends, if any, will be contingent upon the Company’s revenues and earnings, if any, and capital requirements and financial conditions. The payment of dividends, if any, will be within the discretion of the Company’s Board of Directors. The Company presently intends to retain all earnings, if any, and accordingly the Board of Directors does not anticipate declaring any dividends prior to a business combination.

Transfer Agent

Our independent stock transfer agent is Securities Transfer Corporation, located in Frisco, Texas. The mailing address and telephone number are: 2591 Dallas Parkway, Suite 102, Frisco, Texas 75034; (469) 633-0101.

Reports to Stockholders

The Company plans to furnish its stockholders with an annual report for each fiscal year ending December 31 containing financial statements audited by its registered independent public accounting firm.  It is the present intention of management to continue furnishing annual reports to stockholders.  Additionally, the Company may, in its sole discretion, issue unaudited quarterly or other interim reports to its stockholders when it deems appropriate.  The Company intends to maintain compliance with the periodic reporting requirements of the Exchange Act.

Item 6 - Selected Financial Data

Not applicable
 
 
 
7

 
  
Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations

 
Caution Regarding Forward-Looking Information

Certain statements contained in this annual filing, including, without limitation, statements containing the words "believes", "anticipates", "expects" and words of similar import, as well as statements describing our proposed business combination transaction with Coquí, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include the ability of Coquí to provide the audited financial statements required for the proposed business combination transaction and other factors referenced in this and previous filings.

Given these uncertainties, readers of this Form 10-K and investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

 
Overview

On September 16, 2013, Coquí closed a transaction through which, in exchange for $280,000, Coquí purchased 9,500,000 shares of common stock and purchased an additional 400,000 shares of common stock of the Company which are currently held by the Company in street name by Halter Financial Investments, L.P. As a result of this transaction, Coquí beneficially owns 9,900,000 shares of common stock of the Company.

The Company intends to consummate a business combination transaction with Coquí.

 
Results of Operations

The Company had no revenue for either of the years ended December 31, 2013 or 2012 or for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013, respectively.

General and administrative expenses for the respective years ended December 31, 2013 and 2012 were approximately $33,000 and $23,000.  These expenses were directly related to the maintenance of the corporate entity and the preparation and filing of periodic reports pursuant to the Exchange Act.  During each of the years ended December 31, 2013 and 2012, respectively, the Company incurred an approximately $7,300 and $5,500 in expenses related to compliance with the SEC’s mandate to provide interactive data files as exhibits to its periodic filings containing financial statements.

It is anticipated that future expenditure levels will increase once the Company acquires Coquí.

Earnings per share for the years ended December 31, 2013 and 2012 were approximately $(0.00) and $(0.00) based on the weighted-average shares issued and outstanding.

The Company does not expect to generate any revenue or incur operating expenses for purposes other than fulfilling the obligations of a reporting company under the Exchange Act.

 
Liquidity and Capital Resources

At December 31, 2013 and 2012, the Company had working capital (deficit) of approximately $(26,497) and $274, respectively.
 
 
 
8

 

The Company currently has limited cash on hand, no operating assets and a business plan with inherent risk.  

On April 11, 2014, the Company had approximately $2.9 million of net proceeds from a closing of a private placement in February 2014. In addition, the Company’s attorneys were holding approximately $1.1 million in escrow relating to additional sales of shares of the Company’s common stock at $3.31 per share. While the subscriptions have been accepted, no closing has occurred.

The approximately $4,000,000 raised to date is part of a $49 million offering.  This sum was chosen because Coquí needs to raise significant capital to be able to acquire a license from the Nuclear Regulatory Commission and build a medical isotope production facility planned near Gainesville, Florida.  We cannot assure you that the necessary funding will be raised or the license issued.

Critical Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”).  GAAP requires the use of estimates, assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue and expense amounts reported.  These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk and financial condition.  We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied.  We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances.  Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note E of our financial statements.  While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates.  Actual results may differ from those estimates. Our management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our results of operations, financial position or liquidity for the periods presented in this Report.
 
Item 7A - Quantitative and Qualitative Disclosures about Market Risk

Smaller reporting companies are not required to provide the information required by this item.
  
Item 8 - Financial Statements and Supplementary Data

The required financial statements begin on page F-1 of this document.

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

Changes in Registrant’s Certifying Accountant  

All information responsive to this item has been previously disclosed in Current Reports on Form 8-K filed with the Securities and Exchange Commission.

Item 9A - Controls and Procedures
 
 
 
9

 

Disclosure Controls and Procedures.  Our management, under the supervision and with the participation of our Chief Executive and Financial Officer (“Certifying Officer”), has evaluated the effectiveness of our disclosure controls and procedures as defined in Rules 13a-15 promulgated under the Exchange Act as of the end of the period covered by this Annual Report.  Disclosure controls and procedures are controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms and include controls and procedures designed to ensure that information we are required to disclose in such reports is accumulated and communicated to management, including our Certifying Officer, as appropriate, to allow timely decisions regarding required disclosure.  Based upon that evaluation, our Certifying Officer concluded that as of such date, our disclosure controls and procedures were not effective to ensure that the information required to be disclosed by us in our reports is recorded, processed, summarized and reported within the time periods specified by the SEC due to a weakness in our controls described below.  However, our Certifying Officer believes that the financial statements included in this Report fairly present, in all material respects, our financial condition, results of operations and cash flows for the respective periods presented.

Management’s Annual Report on Internal Control over Financial Reporting.  Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) of the Exchange Act.

Internal control over financial reporting is defined under the Exchange Act as a process designed by, or under the supervision of, our CEO and CFO and effected by our Board of Directors, management and other personnel, 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 and includes those policies and procedures that:

--
Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

--
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

--
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Because of its inherent limitation, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluations of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.  Accordingly, even an effective system of internal control over financial reporting will provide only reasonable assurance with respect to financial statement preparation.

Management's assessment of the effectiveness of the Company's internal control over financial reporting is as of the year ended December 31, 2013.  As we are classified as a shell company and only have a sole officer and director, the Company's internal controls are deficient for the following reasons: (1) there are no entity level controls because there is only one person serving in the dual capacity of sole officer and sole director, (2) there are no segregation of duties as that same person approves and directs the payment of the Company's bills, and (3) there is no separate audit committee.  As a result, the Company's internal controls have an inherent weakness which may increase the risks of errors in financial reporting under current operations and accordingly are deficient as evaluated against the criteria set forth in the Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.  Based on our evaluation, our management concluded that our internal controls over financial reporting were not effective as of December 31, 2013.

This Annual Report does not include an attestation report of our registered public accounting firm regarding our internal control over financial reporting, pursuant to the current appropriate laws and regulations.

Changes in Internal Control over Financial Reporting.  There was no change in our internal control over financial reporting that occurred during the quarter ended December 31, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting which internal controls will remain deficient until such time as the Company completes a merger transaction or acquisition of an operating business at which time management will be able to implement effective controls and procedures.
 
 
 
10

 

Item 9B - Other Information

None

PART III

Item 10 - Directors, Executive Officers and Corporate Governance

The directors and executive officers serving the Company are as follows:
 
Name
Age
            Position Held and Tenure
     
Alberto Burckhart
37
President, Chief Executive Officer
   
                Chief Financial Officer, Secretary and Director

The director named above will serve until the next annual meeting of stockholders or until his successor(s) is duly elected and have qualified.  Directors are elected for one-year terms at the annual stockholders meeting.  Officers will hold their positions at the pleasure of the Board of Directors, absent any employment agreement, of which none currently exists or is contemplated.  Mr. Burckhart was appointed to his present executive officer and director positions in connection with the September 16, 2013 common stock transaction described above.

Mr. Burckhart devotes his time to the Company's affairs on an as needed basis. He has not entered into any formal agreements governing the terms of his service as an executive officer and director of the Company. However, Mr. Burckhart serves the Company pursuant to an understanding between Mr. Burckhart and his sister, Ms. Carmen Bigles, who serves as Chief Executive Officer and is a shareholder of Coquí, which is the beneficial owner of 9,900,000 shares (approximately 89.8% of the shares outstanding as of the date of this Report) of the Company’s common stock. In addition, Mr. Burckhart’s brother-in-law, Dr. Pedro Serrano, serves as a director and is a shareholder of Coquí. Mr. Burckhart is also a shareholder of Coquí. While there are no agreements or understandings for Mr. Burckhart to resign at the request of another person, Mr. Burckhart may be considered to be acting on behalf of, and will act at the direction of, the executive officers and directors of Coquí.

Biographical Information

Alberto Burckhart.  Mr. Burckhart has served as a director and our Chief Executive Officer, President, Secretary and Chief Financial Officer since September 16, 2013.  Since February 2013, Mr. Burckhart has been the principal at the Burckhart Law Office.  From April 2011 until January 2013, Mr. Burckhart was an investment banker at Pariter Securities.  He is also currently associated with Pariter Securities. From August 2008 until March 2011, Mr. Burckhart served in business development for Caribbean Radiation Oncology, a Puerto Rican nuclear medicine facility owned and operated by Dr. Serrano and his wife, Ms. Bigles. Mr. Burckhart was appointed a director because of his legal experience and public company knowledge.

Transactions with Related Parties
 
In the last two fiscal years and the period since the end of the last fiscal year, there were no related party transactions required to be disclosed pursuant to Item 404 of Regulation S-K. However, see Note G to the financial statements included in this Report.
 
 
 
11

 
  
Director Independence
 
Mr. Burckhart, our sole director, is not independent in accordance with the listing standards of the NASDAQ Stock Exchange and the Securities and Exchange Commission.
  
Meetings and Committees of the Board
 
Our Board held no formal meetings during the fiscal year ended December 31, 2013. We do not presently have a policy regarding director attendance at meetings.
 
We do not currently have standing audit, nominating or compensation committees, or committees performing similar functions. Due to the size of our board, our Board of Directors believes that it is not necessary to have standing audit, nominating or compensation committees at this time because the functions of such committees are adequately performed by our Board of Directors. We do not have an audit, nominating or compensation committee charter as we do not currently have such committees. We do not have a policy for electing members to the Board of Directors, we have not adopted any procedures by which security holders may recommend nominees to the Board of Directors and we do not have a diversity policy.
 
Audit Committee
 
As discussed above, our Board of Directors has not established a separate audit committee within the meaning of the Exchange Act. Instead, the entire Board acts as the audit committee and will continue to do so for the foreseeable future.

Code of Ethics
 
We have not adopted a Code of Ethics but intend to do so following consummation of the proposed business combination transaction.

Indemnification of Officers and Directors

We have the authority under the Nevada General Corporation Law to indemnify our directors and officers to the extent provided for in such statute.  Set forth below is a discussion of Nevada law regarding indemnification which we believe discloses the material aspects of such law on this subject.  The Nevada law provides, in part, that a corporation may indemnify a director or officer or other person who was, is or is threatened to be made a named defendant or  respondent in a proceeding because such person is or was a director, officer, employee or agent of the corporation, if it is determined that such person:
 
conducted himself in good faith;
reasonably believed, in the case of conduct in his official capacity as a director or officer of the corporation, that his conduct was in the corporation's best interest and, in all other cases, that his conduct was at least not opposed to the corporation's best interests; and

in the case of any criminal proceeding, had no reasonable cause to believe that his conduct was unlawful.

A corporation may indemnify a person under the Nevada law against judgments, penalties, including excise and similar taxes, fines, settlement, unreasonable expenses actually incurred by the person in connection with the proceeding.  If the person is found liable to the corporation or is found liable on the basis that personal benefit was improperly received by the person, the indemnification is limited to reasonable expenses actually incurred by the person in connection with the proceeding, and shall not be made in respect of any proceeding in which the person shall have been found liable for willful or intentional misconduct in the performance of his duty to the corporation.  The corporation may also pay or reimburse expenses incurred by a person in connection with his appearance as witness or other participation in a proceeding at a time when he is not a named defendant or respondent in the proceeding.
 
 

 
 
12

 
 
Our Articles of Incorporation provide that none of our directors shall be personally liable to us or our stockholders for monetary damages for an act or omission in such directors' capacity as a director; provided, however, that the  liability of such director is not limited to the extent that such director is found liable for (a) a breach of the  directors'  duty of loyalty to us or our stockholders, (b) an act or omission not in good faith that constitutes a breach of duty of the  director to us or an act or omission that involves intentional misconduct or a knowing violation of the law, (c) a transaction from which the director received an improper benefit, whether or not the benefit resulted from an action taken  within the scope of the director's office, or (d) an act or omission for which the liability of the director is expressly provided under Nevada law.  Limitations on liability provided for in our Articles of Incorporation do not restrict the availability of non-monetary remedies and do not affect a director's responsibility under any other law, such as the federal securities laws or state or federal environmental laws.

We believe that these provisions will assist us in attracting and retaining qualified individuals to serve as executive officers and directors.  The inclusion of these provisions in our Articles of Incorporation may have the effect of reducing a likelihood of derivative litigation against our directors and may discourage or deter stockholders or management from bringing a lawsuit against directors for breach of their duty of case, even though such an action, if successful, might otherwise have benefitted us or our stockholders.

Our Bylaws provide that we will indemnify our directors to the fullest extent provided by Nevada General Corporation Law and we may, if and to the extent authorized by our Board of Directors, so indemnify our officers and other persons whom we have the power to indemnify against liability, reasonable expense or other matters.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors,  officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted by such director, officer, or controlling person in  connection with the securities being registered, we will (unless in the opinion of our counsel the matter has been settled by controlling precedent) submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

Compliance with Section 16(a) of the Exchange Act

Section 16(a) of the Exchange Act requires our executive officers and directors and person who own more than 10% of our common stock to file reports regarding ownership of and transactions in our securities with the Commission and to provide us with copies of those filings.  Based solely on our review of the copies received by or a written representation from certain reporting persons, we believe that during the fiscal year ended December 31, 2013, all eligible persons were in compliance with the requirements of Section 16(a), except that our former Chief Executive Officer Carolyn Shelton failed to file a Form 4 reporting her sale of 9,500,000 shares of the Company’s stock on September 16, 2013.
 
Conflicts of Interest

Two of Mr. Burckhart’s family members serve as an executive officer and director of Coquí, the Company’s largest shareholder, which beneficially owns approximately 89.8% of the Company’s outstanding common stock as of the date of this Report. In addition, Mr. Burckhart and his family members are Coquí shareholders. See “Item 10 - Directors, Executive Officers and Corporate Governance” above. Consequently, if, in the future, the interests of the Company conflict with the interests of Coquí, Mr. Burckhart may not be able to serve the Company as Chief Executive Officer and director in an unbiased manner.

Involvement in Certain Material Legal Proceedings

None
 
 
 
13

 

Item 11 - Executive Compensation

The following information is related to the compensation paid, distributed or accrued by us to those persons serving as our Chief Executive Officer (principal executive officer) during 2013. We refer to these persons as the “Named Executive Officers.” During 2013, no other individual served as an executive officer, director, or employee of the Company.

Ms. Shelton resigned from her position as Chief Executive Officer and all other executive officer positions with the Company on September 16, 2013 in connection with the common stock transaction described above. She also resigned as director of the Company on September 26, 2013 in compliance with Section 14(f) of the Exchange Act.

Neither Mr. Burckhart nor Ms. Shelton have received any compensation from the Company.  In future periods, the Company anticipates that it will pay compensation to its officer(s) and/or director(s).

SUMMARY COMPENSATION TABLE

 
 
 
 
 
 
Name and
Principal
Position
 
 
 
 
 
 
 
 
 
 
Year
 
 
 
 
 
 
 
 
Salary
 ($)
 
 
 
 
 
 
 
 
Bonus 
($)
 
 
 
 
 
 
 
Stock
Awards
($)
 
 
 
 
 
 
 
Option
Awards
($)
 
 
 
 
 
 
Non-Equity
Incentive Plan
Compensation
($)
 
 
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
 
 
 
 
 
 
 
All Other
Compensation
($)
 
 
 
 
 
 
 
 
Total
($)
 
Alberto Burckhart,
Principal Executive
Officer
 
2013
2012
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
                     
Carolyn C. Shelton,
Principal Executive
Officer
 
2013
2012
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-
$-0-

The Company has no other executive compensation issues which would require the inclusion of other mandated table disclosures.

 
Item 12 - Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of the date of this Report, the number of shares of common stock owned of record and beneficially by the Named Executive Officers, directors and persons who hold 5% or more of the outstanding common stock of the Company.  Also included are the shares held by all executive officers and directors as a group.
 
 
 
14

 
 
 
Shares Beneficially Owned (1)(2)
Name and address
Number of Shares
Percentage (3)
     
Coquí Radio Pharmaceutical Corp. (4)
9,900,000 (5)
89.8%
     
Carolyn C. Shelton (6)
former Chief Executive Officer and sole director
0
0%
     
Alberto Burckhart (4)
Chief Executive Officer and sole director
0
0%
     
All Directors and
0
0%
Executive Officers
(2 persons)
   
 
(1)
On April 11, 2014, there were 11,018,848 shares of our common stock outstanding and no shares of preferred stock issued and outstanding.  We have no outstanding stock options or warrants. In addition, As of April 11, 2014, the Company had accepted subscription agreements and held investor funds in an escrow account for approximately 330,300 additional shares of the Company’s common stock, which shares are not included in the calculation of ownership percentages in this table.
 
(2)
Under applicable Commission rules, a person is deemed the "beneficial owner" of a security with regard to which the person directly or indirectly, has or shares (a) the voting power, which includes the power to vote or direct the voting of the security, or (b) the investment power, which includes the power to dispose, or direct the disposition, of the security, in each case irrespective of the person's economic interest in the security.  Under Commission rules, a person is deemed to beneficially own securities which the person has the right to acquire within 60 days through the exercise of any option or warrant or through the conversion of another security.

(3)
In determining the percent of voting stock owned by a person on April 11, 2014 (a) the numerator is the number of shares of common stock beneficially owned by the person, including shares the beneficial ownership of which may be acquired within 60 days upon the exercise of options or warrants or conversion of convertible securities,  and (b) the denominator is the total of (i) the 11,018,848  shares of common stock outstanding on April 11, 2014, and (ii) any shares of common stock which the person has the right to acquire within 60 days upon the exercise of options or warrants or conversion of convertible securities.  Neither the numerator nor the denominator includes shares which may be issued upon the exercise of any other options or warrants or the conversion of any other convertible securities.
 
(4)
The address for this shareholder is 1172 South Dixie Highway, Suite 335, Coral Gables, FL 33146. Carmen Bigles has the power to vote these shares.
   
(5)
Includes 9,500,000 shares held in record name and 400,000 shares beneficially owned by the shareholder that are held in street name by Halter Financial Investments, L.P.
   
(6)
The address for this shareholder is 1397 Dominion Plaza, Suite 100, Tyler, TX 75703.
 
Changes in Control

On September 16, 2013, Coquí closed a transaction through which Coquí acquired beneficial ownership of 9,900,000 shares of common stock of the Company, representing approximately 99.9% of the shares then outstanding, for total proceeds of $280,000 from Ms. Shelton and Halter Financial Investments, L.P.
 
 
 
15

 

In connection with Coquí’s purchase of control of the Company as described above, Ms. Shelton resigned as Chief Executive Officer, President, Secretary and Chief Financial Officer of the Company and appointed Mr. Burckhart to fill those positions.  In addition, Mr. Burckhart was appointed to the Board of Directors of the Company.  Subject to compliance with Rule 14f-1 under the Exchange Act, Ms. Shelton resigned as a director on September 26, 2013.

The Company intends to consummate a business combination transaction with Coquí. No additional shares of common stock will be outstanding following that acquisition, except for 605,000 shares to be issued to three preferred shareholders of Coquí, since Coquí intends to cancel its shares of the Company.

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

The Company currently maintains a mailing address at 1172 South Dixie Highway, Suite 335, Coral Gables, FL 33146.  The Company’s telephone number there is (787) 685-5046.  Other than this mailing address, the Company does not currently maintain any other office facilities, and does not anticipate the need for maintaining office facilities at any time in the foreseeable future prior to consummating the proposed business combination. The Company pays no rent or other fees for the use of the mailing address as these offices are used virtually full-time by Coquí and Ms. Bigles.

 Item 14 - Principal Accountant Fees and Services

The Company paid or accrued the following fees in each of the prior two fiscal years to S. W. Hatfield, CPA of Dallas, Texas, which served as the Company’s independent registered public accounting firm prior to July 24, 2013, Goldman Accounting Services CPA, PLLC, which served as the Company’s independent registered public accounting firm from July 24, 3013 until March 6, 2014, and Salberg & Company, P.A., which has served as the Company’s independent registered public accounting firm since March 6, 2014. See “Item 9 - Changes in and Disagreements with Accountants on Accounting and Financial Disclosure” above.

 Fiscal year ended December 31, 2013
   
S.W. Hatfield,
CPA
   
Goldman
Accounting
 Services CPA,
PLLC
   
Salberg &
Company,
P.A.
 
                   
1.     Audit fees
  $ 4,025     $ 1,500     $ 12,700  
2.     Audit-related fees
    -       -       -  
3.     Tax fees
    -       -       -  
4.     All other fees 
    -       -       -  
                         
Totals
  $ 4,025     $ 1,500     $ 12,700  

 Fiscal year ended December 31, 2012
   
S.W. Hatfield,
CPA
 
       
1.     Audit fees
  $ 7,000  
2.     Audit-related fees
    -  
3.     Tax fees
    235  
4.     All other fees 
    -  
         
Total
  $ 7,235  

As discussed above, the Company has no formal audit committee. The entire Board of Directors, which presently consists of Mr. Burckhart, as sole director, acts as the Company's defacto audit committee. All of the services related to audit fees and audit-related fees charged by the Company’s independent registered public accounting firms shown in the tables above were pre-approved by the Company. The Company has not adopted a policy with respect to the pre-approval of audit and non-audit services.
 
 
 
16

 

Neither S. W. Hatfield, CPA, Goldman Accounting Services CPA, PLLC, nor Salberg & Company, P.A., while serving as the Company’s independent registered public accounting firm during the periods specified above, engaged any other persons or firms other than that independent registered public accounting firm’s full-time, permanent employees.

PART IV

Item 15 - Exhibits and Financial Statement Schedules

Exhibit
Number
 
3.1       Articles of Incorporation of the Company (1)
3.2       Bylaws of the Company (1)
31.1     Certification pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
32.1     Certification pursuant to Section 906 of Sarbanes-Oxley Act of 2002.
101      Interactive data files pursuant to Rule 405 of Regulation S-T.
________________________________________________________
(1)  
Incorporated by reference to the Company’s Registration Statement on Form 10 filed with the Securities and Exchange Commission on October 8, 2009.
 


 
17

 

 
 
SMSA Crane Acquisition Corp.
(a development stage company)

Contents



 
Page
 
Report of Independent Registered Public Accounting Firm
F-2
   
Financial Statements
 
   
Balance Sheets
 
as of December 31, 2013 and 2012
F-3
   
Statements of Operations
 
for each of the years ended December 31, 2013 and 2012 and
 
for the period from August 1, 2007 (date of bankruptcy settlement)
 
through December 31, 2013
F-4
   
Statements of Changes in Stockholders' Equity (Deficit)
 
for each of the years ended December 31, 2013 and 2012 and
 
for the period from August 1, 2007 (date of bankruptcy settlement)
 
through December 31, 2013
F-5
   
Statements of Cash Flows
 
for each of the years ended December 31, 2013 and 2012 and
 
for the period from August 1, 2007 (date of bankruptcy settlement)
 
through December 31, 2013
F-6
   
Notes to Financial Statements
F-7-F-13



 
F - 1

 
 
 
 
Report of Independent Registered Public Accounting Firm


To the Board of Directors and Stockholders of:
SMSA Crane Acquisition Corp.

We have audited the accompanying balance sheets of SMSA Crane Acquisition Corp. at December 31, 2013 and 2012, and the related statements of operations, changes in stockholders’ equity (deficit) and cash flows for each of the two years in the period ended December 31, 2013 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013.  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 audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.  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, the financial statements referred to above present fairly, in all material respects, the financial position of SMSA Crane Acquisition Corp. as of December 31, 2013 and 2012, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2013 and for the period from August 1, 2007 (date of bankruptcy settlement) to December 31, 2013 in conformity with accounting principles generally accepted in the United States of America.



/S/ Salberg & Company, P.A.
SALBERG & COMPANY, P.A.
Boca Raton, Florida
April 15, 2014



 
F - 2

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Balance Sheets
December 31, 2013 and 2012
 
  
   
December 31,
   
December 31,
 
   
2013
   
2012
 
ASSETS
           
Current Assets
           
Cash on hand and in bank
 
$
238
   
$
874
 
                 
Total Assets
 
$
238
   
$
874
 
                 
                 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
               
Current Liabilities
               
Accounts payable - trade
 
$
22,910
   
$
600
 
Due to stockholder
   
3,825
     
-
 
                 
Total Liabilities
   
26,735
     
600
 
                 
                 
                 
                 
                 
Stockholders' Equity (Deficit)
               
Preferred stock - $0.001 par value
               
10,000,000 shares authorized.
               
None issued and outstanding
   
-
     
-
 
Common stock - $0.001 par value.
               
100,000,000 shares authorized.
               
10,000,005 and 10,000,005 shares
               
issued and outstanding, respectively
   
10,000
     
10,000
 
Additional paid-in capital
   
58,835
     
53,235
 
Deficit accumulated during the development stage
   
(95,332
)
   
(62,961
)
                 
Total Stockholders' Equity (Deficit)
   
(26,497
)
   
274
 
                 
Total Liabilities and Stockholders’ Equity (Deficit)
 
$
238
   
$
874
 

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

 
 
 
F - 3

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Statements of Operations
Years ended December 31, 2013 and 2012 and from the
Period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013


 
     
Year ended
December 31,
2013
     
Year ended
December 31,
2012
     
Period from
August 1,
2007
(date of
bankruptcy
settlement)
through
December
31, 2013
 
                         
Revenues
  $ -     $ -     $ -  
                         
Operating expenses
                       
Reorganization costs
    -       -       2,916  
Professional fees
    25,025       8,860       54,228  
Other general and administrative costs
    7,346       13,804       38,188  
                         
Total operating expenses
    32,371       22,664       95,332  
                         
Loss from operations
    (32,371 )     (22,664 )     (95,332 )
                         
Provision for income taxes
    -       -       -  
                         
Net Loss
  $ (32,371 )   $ (22,664 )   $ (95,332 )
                         
Loss per weighted-average share of common stock outstanding,
                       
computed on net loss - basic and fully diluted
  $ (0.00 )   $ (0.00 )        
                         
Weighted-average number of shares
                       
of common stock outstanding - basic and fully diluted
    10,000,005       10,000,005          
 
 
The accompanying notes are an integral part of these financial statements.

 
 
 


 
F - 4

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Statement of Changes in Stockholders’ Equity (Deficit)
Years ended December 31, 2013 and 2012 and
Period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013
  
                     
Deficit
       
                     
accumulated
       
               
Additional
   
during the
       
   
Common Stock
   
paid-in
   
development
       
   
Shares
   
Amount
   
capital
   
stage
   
Total
 
Stock issued pursuant
                             
to plan of reorganization
                             
at bankruptcy settlement
                             
date on August 1, 2007
   
500,005
   
$
500
   
$
500
   
$
-
   
$
1,000
 
                                         
Net loss for the period from
                                       
August 1, 2007 (date of bankruptcy
                                       
settlement) to December 31, 2007
   
-
     
-
     
-
     
(5,000
)
   
(5,000
)
                                         
Balances at December 31, 2007
   
500,005
     
500
     
500
     
(5,000
)
   
(4,000
)
                                         
Net loss for the year
   
-
     
-
     
-
     
(841
)
   
(841
)
                                         
Balances at December 31, 2008
   
500,005
     
500
     
500
     
(5,841
)
   
(4,841
)
                                         
Net loss for the year
   
-
     
-
     
-
     
(4,058
)
   
(4,058
)
                                         
Balances at December 31, 2009
   
500,005
     
500
     
500
     
(9,899
)
   
(8,899
)
                                         
Sale of common stock
   
9,500,000
     
9,500
     
-
     
-
     
9,500
 
                                         
Capital contributed to support operations
   
-
     
-
     
19,985
     
-
     
19,985
 
                                         
Net loss for the year
   
-
     
-
     
-
     
(11,086
)
   
(11,086
)
                                         
Balances at December 31, 2010
   
10,000,005
     
10,000
     
20,485
     
(20,985
)
   
9,500
 
                                         
Capital contributed to support operations
   
-
     
-
     
10,500
     
-
     
10,500
 
                                         
Net loss for the year
   
-
     
-
     
-
     
(19,312
)
   
(19,312
)
                                         
Balances at December 31, 2011
   
10,000,005
     
10,000
     
30,985
     
(40,297
)
   
688
 
                                         
Capital contributed to support operations
   
-
     
-
     
22,250
     
-
     
22,250
 
                                         
Net loss for the year
   
-
     
-
     
-
     
(22,664
)
   
(22,664
)
                                         
Balances at December 31, 2012
   
10,000,005
     
10,000
     
53,235
     
(62,961
)
   
274
 
                                         
Capital contributed to support operations
   
-
     
-
     
5,600
     
-
     
5,600
 
                                         
Net loss for the year
   
-
     
-
     
-
     
(32,371
)
   
(32,371
)
                                         
Balances at December 31, 2013
   
10,000,005
   
$
10,000
   
$
58,835
   
$
(95,332
)
 
$
(26,497
) )


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

  
 
F - 5

 


 
SMSA Crane Acquisition Corp.
(a development stage company)
Statement of Cash Flows
Years ended December 31, 2013 and 2012 and
Period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013

   
Year ended
December 31, 
2013
   
Year ended
December 31, 
2012
   
Period from
August 1,
2007
(date of
bankruptcy
settlement)
through
December 31,
 2013
 
Cash Flows from Operating Activities
                 
Net loss for the period
 
$
(32,371
)
 
$
(22,664
)
 
$
(95,332
)
Adjustments to reconcile net loss
                       
to net cash used in operating activities
                       
Increase (Decrease) in
                       
Accounts payable
   
22,310
     
600
     
22,910
 
                         
                         
Net cash used in operating activities
   
(10,061
)
   
(22,064
)
   
(72,422
)
                         
Cash Flows from Investing Activities
   
-
     
-
     
-
 
                         
Cash Flows from Financing Activities
                       
Sale of common stock
   
-
     
-
     
9,500
 
Stockholder loans
   
3,825
     
-
     
3,825
 
Cash funded from bankruptcy trust
   
-
     
-
     
1,000
 
Additional capital contributed to support operations
   
5,600
     
22,250
     
58,335
 
                         
Net cash provided by financing activities
   
9,425
     
22,250
     
72,660
 
                         
Increase in Cash
   
(636
   
186
     
238
 
                         
Cash at beginning of period
   
874
     
688
     
-
 
                         
Cash at end of period
 
$
238
   
$
874
   
$
238
 
                         
Supplemental Disclosure of Interest and Income Taxes Paid
                       
Interest paid during the period
 
$
-
   
$
-
   
$
-
 
Income taxes paid during the period
 
$
-
   
$
-
   
$
-
 

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

 
 
 

 
F - 6

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements
December 31, 2013 and 2012


Note A - Background and Description of Business

SMSA Crane Acquisition Corp. (the “Company”) was organized on September 9, 2009 as a Nevada corporation to effect the reincorporation of Senior Management Services of Crane, Inc. (Predecessor Company), a Texas corporation, mandated by the plan of reorganization discussed below.

The Company’s emergence from Chapter 11 of Title 11 of the United States Code on August 1, 2007 created the combination of a change in majority ownership and voting control - that is, loss of control by the then-existing stockholders, a court-approved reorganization, and a reliable measure of the entity’s fair value - resulting in a fresh start, creating, in substance, a new reporting entity.  Accordingly, the Company, post bankruptcy, has no significant assets, liabilities or operating activities.  Therefore, the Company, as a new reporting entity, qualifies as a “development stage enterprise” as defined in Development Stage Entities topic of the FASB Accounting Standards Codification and as a shell company as defined in Rule 405 under the Securities Act of 1933, (Securities Act), and Rule 12b-2 under the Securities Exchange Act of 1934, (Exchange Act).

On November 5, 2010, the Company entered into a Share Purchase Agreement (Share Purchase Agreement) with Carolyn C. Shelton (Shelton), a resident of Tyler, Texas, pursuant to which on November 10, 2010 she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.  As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.

On August 29, 2013, Coquí Radio Pharmaceuticals, Corp. (Coquí) closed a transaction through which Coquí purchased 9,500,000 outstanding shares of common stock and agreed to purchase an additional 400,000 shares of common stock of the Company and agreed to pay $10,000 to Carolyn Shelton and $270,000 to Halter Financial Investments, L.P. in this private transaction. The additional 400,000 shares were subsequently acquired on October 24, 2013.

The Company intends to consummate a reverse acquisition transaction with Coquí to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. The Company intends to consummate such merger as soon as Coquí finishes auditing its books and records.


Note B - Reorganization Under Chapter 11 of the U. S. Bankruptcy Code

The Company’s Plan of Reorganization was confirmed by the Bankruptcy Court on August 1, 2007 and became effective on August 10, 2007.  On November 5, 2010, the Company entered into a transaction with Carolyn C. Shelton as discussed in Note A and a Certificate of Compliance with certain bankruptcy confirmation provisions was issued by the Bankruptcy Court on November 10, 2010.



 
 

 

 
F - 7

 

SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012


Note C - Basis of Presentation and Use of Estimates

The Company is presented as a development stage company beginning on the date of the bankruptcy settlement (confirmation date) of August 1, 2007, within Fresh Start accounting was applied. Activities during the development stage have been maintaining corporate and reporting compliance, seeking a business combination and raising capital.

The preparation of 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Note D - Liquidity

The Company has no post-bankruptcy operating history, however the Company has raised approximately $4.0 million in equity capital from January 2014 through April 9, 2014 in contemplation of a reverse acquisition transaction with an operating company, Coqui, as discussed in Note A.

The Company’s business plan is to consummate the reverse acquisition transaction with Coquí who intends to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. However, there is no assurance that the Company will be able to successfully implement this business plan or that the execution of the same will result in the appreciation of our stockholders’ investment in the Company’s common stock.

The Company's ultimate continued existence is dependent upon its ability to generate sufficient cash flows from operations to support its capital investment and daily operations as well as provide sufficient resources to retire existing liabilities and obligations on a timely basis.  The Company faces considerable risk in its business plan and a potential shortfall of funding due the potential inability to raise additional capital in the equity securities market that it needs to implement its business plan.  If adequate operating capital and/or cash flows are not received during the next twelve months, the Company could become dormant until such time as necessary funds could be raised or provided as set forth in the Plan.

The Company anticipates future sales or issuances of equity securities to fulfill its business plan.  However, there is no assurance that the Company will be able to obtain additional funding through the sales of additional equity securities or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company.

The Company’s Articles of Incorporation authorize the issuance of up to 10,000,000 shares of preferred stock and 100,000,000 shares of common stock.  The Company’s ability to issue preferred stock may limit the Company’s ability to obtain debt or equity financing as well as impede potential takeover of the Company, which may be in the best interest of stockholders.  The Company’s ability to issue these authorized but unissued securities may also negatively impact our ability to raise additional capital through the sale of our debt or equity securities.
 
 
 
 
 
 
F - 8

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012

Note E - Summary of Significant Accounting Policies

1.
Cash and cash equivalents

The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.

2.
Reorganization costs

The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization of the Company were charged to operations as incurred.

3.
Income taxes

The Company files income tax returns in the United States of America and various states, as appropriate and applicable.  As a result of the Company’s bankruptcy action, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January 1, 2010.  The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.

The Company uses the asset and liability method of accounting for income taxes.  At December 31, 2013 and 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.

The Company has adopted the provisions required by the Income Taxes topic of the FASB Accounting Standards Codification.  The Codification Topic requires the recognition of potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.  As a result of the implementation of Codification’s Income Tax Topic, the Company did not incur any liability for unrecognized tax benefits.

4.
Income (Loss) per share
 
Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.

Fully diluted earnings (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).

Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date.
 
 
 
F - 9

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012


4.
Income (Loss) per share (Continued)

As of December 31, 2013 and 2012, and subsequent thereto, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.

Note F - Fair Value of Financial Instruments

The carrying amount of cash, accounts payable and due to stockholder, approximates fair value due to the short term nature of these items and/or the current interest rates payable in relation to current market conditions.

Interest rate risk is the risk that the Company’s earnings are subject to fluctuations in interest rates on either investments or on debt and is fully dependent upon the volatility of these rates.  The Company does not use derivative instruments to moderate its exposure to interest rate risk, if any.

Financial risk is the risk that the Company’s earnings are subject to fluctuations in interest rates or foreign exchange rates and are fully dependent upon the volatility of these rates.  The Company does not use derivative instruments to moderate its exposure to financial risk, if any.

Note G - Related Party Transactions

Halter Financial Group, Inc. (H.G.), pursuant to the Plan, managed the $1,000 in cash transferred from the bankruptcy creditor’s trust on our behalf until exhausted and contributed additional monies through September 16, 2013 ( the date of sale of shares of common stock to Coquí Radio Pharmaceuticals, Corp.-see Note A) to support our operations.  This contributed capital totaled $5,600, $22,250 and $58,335 for the years ended December 31, 2013 and 2012 and the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013, respectively, and have been reflected as a component of additional paid-in capital in the accompanying balance sheets.

During the year ended December 31, 2013, a majority stockholder of the Company contributed $3,825 as a loan to support the Company’s operations. This amount has been reflected as due to stockholder in the accompanying financial statements at December 31, 2013 (see Note H).

Note H – Due to Stockholder

As of December 31, 2013, the Company owes $3,825 to Coquí Radio Pharmaceuticals, Corp., the controlling stockholder of the Company for the funding of general operations. The amount owing is unsecured, non-interest bearing, and due on demand.
 
 



 
F - 10

 
 
SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012

Note I – Concentration of Credit Risk

The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through December 31, 2013. At December 31, 2013, the Company had no cash equivalent balances that were not insured.


Note J - Income Taxes

The components of income tax (benefit) expense for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 are as follows:
 
               
Period from
 
               
August 1, 2007
 
               
(date of
 
               
bankruptcy
 
               
settlement)
 
   
Year ended
   
Year ended
   
through
 
   
December 31,
   
December 31,
   
December 31,
 
   
2013
   
2012
   
2013
 
Federal:
                 
Current
 
$
-
   
$
-
   
$
-
 
Deferred
   
-
     
-
     
-
 
     
-
     
-
     
-
 
State:
                       
Current
   
-
     
-
     
-
 
Deferred
   
-
     
-
     
-
 
     
-
     
-
     
-
 
Total
 
$
-
   
$
-
   
$
-
 

As of December 31, 2013, the Company has a net operating loss carryforward of approximately $95,000 to offset future taxable income.  The amount and availability of any net operating loss carryforwards will be subject to the limitations set forth in the Internal Revenue Code.  Such factors as the number of shares ultimately issued within a three year look-back period; whether there is a deemed more than 50 percent change in control; the applicable long-term tax exempt bond rate; continuity of historical business; and subsequent income of the Company all enter into the annual computation of allowable annual utilization of any net operating loss carryforward(s).


The Company's income tax expense (benefit) for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 varied from the statutory rate of 34% as follows:





 
F - 11

 

SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012

Note J - Income Taxes (Continued)

 
               
Period from
 
               
August 1, 2007
 
               
(date of
 
               
bankruptcy
 
               
settlement)
 
   
Year ended
   
Year ended
   
through
 
   
December 31,
   
December 31,
   
December 31,
 
   
2013
   
2012
   
2013
 
Statutory rate applied to
                 
income before income taxes
 
$
(11,000
)
 
$
(7,700
)
 
$
(32,400
)
Increase (decrease) in income
                       
taxes resulting from:
                       
State income taxes
   
-
     
-
     
-
 
Other, including reserve
                       
for deferred tax asset and
                       
application of net operating
                       
loss carryforward
   
11,000
     
7,700
     
32,400
 
Income tax expense
 
$
-
   
$
-
   
$
-
 

The Company’s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2013 and 2012, respectively, relate solely to the Company’s net operating loss carryforward(s).  This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2013 and 2012, respectively:
 
   
December 31,
   
December 31,
 
   
2013
   
2012
 
Deferred tax assets
           
Net operating loss carryforwards
 
$
32,400
   
$
21,400
 
Less valuation allowance
   
(32,400
)
   
(21,400
)
                 
Net Deferred Tax Asset
 
$
-
   
$
-
 

During the each of the years ended December 31, 2013 and 2012, respectively, the valuation allowance for the deferred tax asset increased by approximately $11,000 and $7,700.



 
 
 
F - 12

 

SMSA Crane Acquisition Corp.
(a development stage company)
Notes to Financial Statements - Continued
December 31, 2013 and 2012

Note K- Capital Stock Transactions

Pursuant to the Plan affirmed by the U. S. Bankruptcy Court - Northern District of Texas - Dallas Division, the Company issued 500,005 plan shares to meet the requirements of the Plan.  The 500,005 shares of the Company’s “new” common stock was issued to holders of various claims, as defined in the Plan, in settlement of all unpaid pre-confirmation obligations of the Company and/or the bankruptcy trust.

On November 5, 2010, the Company entered into a Share Purchase Agreement with Shelton pursuant to which she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.  As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.  


Note L - Subsequent Events

The Company in 2014 is conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering of $49,032,225 at $3.31 per share.

On February 14, 2014, the Company closed on the sale of 927,000 shares of common stock, the minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds of $3,068,370.  Pariter Securities, LLC (“Pariter”) was paid $125,431 for acting as a placement agent for the offering and was issued 92,700 five-year warrants exercisable at $3.31 per share. Additionally, Pariter waived cash commissions of $304,001 by electing to purchase 91,843 shares of the Company’s common stock at the offering price of $3.31 per share (without commissions or expenses) and other fee of $1,000 was also paid. The net proceeds to the Company were $2,941,939.

As of April 14, 2014 the Company's escrow agent received approximately $1.1 million after the first closing.  These funds are not under control or available to the Company until after a second closing.
 
The Company’s principal shareholder is Coquí Radio Pharmaceuticals Corp. (“Coquí”).  Coquí is a radio pharmaceutical company that seeks to establish a medical isotope production facility (the “Facility”) to produce Molybdenum-99 (“Mo-99”).  Mo-99 is used to manufacture one of the principal medical isotopes used for diagnostic applications in nuclear medicine.

The net proceeds will be used primarily through advances to Coquí, for preparing an environmental report on the site where the Facility is to be located, Nuclear Regulatory Commission (“NRC”) counsel, hiring contractors to begin preliminary work on the Facility prior to receiving any NRC licensing, and for general working capital purposes.

Following completion of the required audit of Coquí the intent is for Coqui to merge into the Company.
 

 
F - 13

 
 
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.
 
 
SMSA Crane Acquisition Corp.
       
Dated: April 15, 2014
 
/s/ Alberto Burckhart
   
Alberto Burckhart
   
President, Chief Executive Officer
   
and Chief Financial Officer
(Principal Executive Officer
   
and Principal Financial Officer)


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 dates as indicated.
 
Dated: April 15, 2014
 
/s/ Alberto Burckhart
   
Alberto Burckhart
   
Principal Executive Officer,
   
Principal Financial Officer and Director
 
 
31
 

 
EX-31.1 2 smsacrane10kex311123113.htm smsacrane10kex311123113.htm
Exhibit No. 31.1

Certification


I, Albert Burckhart, certify that:

1.
I have reviewed this annual report on Form 10-K for the year ended December 31, 2013 of SMSA Crane Acquisition Corp.;

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(s) 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(s) 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.

Date: April 15, 2014
By: /s/ Albert Burckhart
 
Albert Burckhart
 
Chief Executive and
 
Chief Financial Officer
EX-32.1 3 smsacrane10kex321123113.htm smsacrane10kex321123113.htm
Exhibit No. 32.1


Certification Pursuant to 18 U.S.C. Section 1350, as Adopted
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


In connection with the Annual Report of SMSA Crane Acquisition Corp. (the “Company”) on Form 10-K for the year ended December 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Albert Burckhart, Chief Executive and Financial Officer of the Company, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 
(1)
the Report, containing the financial statements, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
 
(2)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
 
 
 
 
Date: April 15, 2014
By: /s/ Albert Burckhart
 
Alberto Burckhart
 
Chief Executive and
 
Chief Financial Officer
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(the &#147;Company&#148;) was organized on September 9, 2009 as a Nevada corporation to effect the reincorporation of Senior Management Services of Crane, Inc. (Predecessor Company), a Texas corporation, mandated by the plan of reorganization discussed below.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company&#146;s emergence from Chapter 11 of Title 11 of the United States Code on August 1, 2007 created the combination of a change in majority ownership and voting control - that is, loss of control by the then-existing stockholders, a court-approved reorganization, and a reliable measure of the entity&#146;s fair value - resulting in a fresh start, creating, in substance, a new reporting entity.&nbsp;&nbsp;Accordingly, the Company, post bankruptcy, has no significant assets, liabilities or operating activities.&nbsp;&nbsp;Therefore, the Company, as a new reporting entity, qualifies as a &#147;development stage enterprise&#148; as defined in Development Stage Entities topic of the FASB Accounting Standards Codification and as a shell company as defined in Rule 405 under the Securities Act of 1933, (Securities Act), and Rule 12b-2 under the Securities Exchange Act of 1934, (Exchange Act).</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>On November 5, 2010, the Company entered into a Share Purchase Agreement (Share Purchase Agreement) with Carolyn C. Shelton (Shelton), a resident of Tyler, Texas, pursuant to which on November 10, 2010 she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.&nbsp;&nbsp;As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>On August 29, 2013, Coqu&#237; Radio Pharmaceuticals, Corp. (Coqu&#237;) closed a transaction through which Coqu&#237; purchased 9,500,000 outstanding shares of common stock and agreed to purchase an additional 400,000 shares of common stock of the Company and agreed to pay $10,000 to Carolyn Shelton and $270,000 to Halter Financial Investments, L.P. in this private transaction. The additional 400,000 shares were subsequently acquired on October 24, 2013.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company intends to consummate a reverse acquisition transaction with Coqu&#237; to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. The Company intends to consummate such merger as soon as Coqu&#237; finishes auditing its books and records.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note B - Reorganization Under Chapter 11 of the U. S. Bankruptcy Code</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p>The Company&#146;s Plan of Reorganization was confirmed by the Bankruptcy Court on August 1, 2007 and became effective on August 10, 2007.&nbsp;&nbsp;On November 5, 2010, the Company entered into a transaction with Carolyn C. Shelton as discussed in Note A and a Certificate of Compliance with certain bankruptcy confirmation provisions was issued by the Bankruptcy Court on November 10, 2010 <!--egx--><p style='margin:0in 0in 0pt'><b>Note C - Basis of Presentation and Use of Estimates</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company is presented as a development stage company beginning on the date of the bankruptcy settlement (confirmation date) of August 1, 2007, within Fresh Start accounting was applied. Activities during the development stage have been maintaining corporate and reporting compliance, seeking a business combination and raising capital.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The preparation of 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&nbsp;&nbsp;Actual results could differ from those estimates.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note D - Liquidity</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company has no post-bankruptcy operating history, however the Company has raised approximately $4.0 million in equity capital from January 2014 through April 9, 2014 in contemplation of a reverse acquisition transaction with an operating company, Coqui, as discussed in Note A.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company&#146;s business plan is to consummate the reverse acquisition transaction with Coqu&#237; who intends to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. However, there is no assurance that the Company will be able to successfully implement this business plan or that the execution of the same will result in the appreciation of our stockholders&#146; investment in the Company&#146;s common stock.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company's ultimate continued existence is dependent upon its ability to generate sufficient cash flows from operations to support its capital investment and daily operations as well as provide sufficient resources to retire existing liabilities and obligations on a timely basis.&nbsp;&nbsp;The Company faces considerable risk in its business plan and a potential shortfall of funding due the potential inability to raise additional capital in the equity securities market that it needs to implement its business plan.&nbsp;&nbsp;If adequate operating capital and/or cash flows are not received during the next twelve months, the Company could become dormant until such time as necessary funds could be raised or provided as set forth in the Plan.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company anticipates future sales or issuances of equity securities to fulfill its business plan.&nbsp;&nbsp;However, there is no assurance that the Company will be able to obtain additional funding through the sales of additional equity securities or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company&#146;s Articles of Incorporation authorize the issuance of up to 10,000,000 shares of preferred stock and 100,000,000 shares of common stock.&nbsp;&nbsp;The Company&#146;s ability to issue preferred stock may limit the Company&#146;s ability to obtain debt or equity financing as well as impede potential takeover of the Company, which may be in the best interest of stockholders.&nbsp;&nbsp;The Company&#146;s ability to issue these authorized but unissued securities may also negatively impact our ability to raise additional capital through the sale of our debt or equity securities.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note E - Summary of Significant Accounting Policies</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>1.</p></td> <td valign="top" width="98%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:98%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Cash and cash equivalents</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>2.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Reorganization costs</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization of the Company were charged to operations as incurred.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>3.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income taxes</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company files income tax returns in the United States of America and various states, as appropriate and applicable.&nbsp;&nbsp;As a result of the Company&#146;s bankruptcy action, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January&nbsp;1, 2010.&nbsp;&nbsp;The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company uses the asset and liability method of accounting for income taxes.&nbsp;&nbsp;At December 31, 2013 and 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.&nbsp;&nbsp;Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company has adopted the provisions required by the Income Taxes topic of the FASB Accounting Standards Codification.&nbsp;&nbsp;The Codification Topic requires the recognition of potential liabilities as a result of management&#146;s acceptance of potentially uncertain positions for income tax treatment on a &#147;more-likely-than-not&#148; probability of an assessment upon examination by a respective taxing authority.&nbsp;&nbsp;As a result of the implementation of Codification&#146;s Income Tax Topic, the Company did not incur any liability for unrecognized tax benefits.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>4.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income (Loss) per share</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Fully diluted earnings (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company&#146;s net income (loss) position at the calculation date.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As of December 31, 2013 and 2012, and subsequent thereto, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note F - Fair Value of Financial Instruments</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The carrying amount of cash, accounts payable and due to stockholder, approximates fair value due to the short term nature of these items and/or the current interest rates payable in relation to current market conditions.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Interest rate risk is the risk that the Company&#146;s earnings are subject to fluctuations in interest rates on either investments or on debt and is fully dependent upon the volatility of these rates.&nbsp;&nbsp;The Company does not use derivative instruments to moderate its exposure to interest rate risk, if any.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Financial risk is the risk that the Company&#146;s earnings are subject to fluctuations in interest rates or foreign exchange rates and are fully dependent upon the volatility of these rates.&nbsp;&nbsp;The Company does not use derivative instruments to moderate its exposure to financial risk, if any.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note G - Related Party Transactions</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Halter Financial Group, Inc. (H.G.), pursuant to the Plan, managed the $1,000 in cash transferred from the bankruptcy creditor&#146;s trust on our behalf until exhausted and contributed additional monies through September 16, 2013 ( the date of sale of shares of common stock to Coqu&#237; Radio Pharmaceuticals, Corp.-see Note A) to support our operations.&nbsp;&nbsp;This contributed capital totaled $5,600, $22,250 and $58,335 for the years ended December 31, 2013 and 2012 and the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013, respectively, and have been reflected as a component of additional paid-in capital in the accompanying balance sheets.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>During the year ended December 31, 2013, a majority stockholder of the Company contributed $3,825 as a loan to support the Company&#146;s operations. This amount has been reflected as due to stockholder in the accompanying financial statements at December 31, 2013 (see Note H).</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note K- Capital Stock Transactions</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Pursuant to the Plan affirmed by the U. S. Bankruptcy Court - Northern District of Texas - Dallas Division, the Company issued 500,005 plan shares to meet the requirements of the Plan.&nbsp;&nbsp;The 500,005 shares of the Company&#146;s &#147;new&#148; common stock was issued to holders of various claims, as defined in the Plan, in settlement of all unpaid pre-confirmation obligations of the Company and/or the bankruptcy trust.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>On November 5, 2010, the Company entered into a Share Purchase Agreement with Shelton pursuant to which she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.&nbsp;&nbsp;As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.&nbsp;&nbsp;</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note J - Income Taxes</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The components of income tax (benefit) expense for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 are as follows:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Period from</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>August 1, 2007</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>(date of</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>bankruptcy</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>settlement)</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>through</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Federal:</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>State:</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As of December 31, 2013, the Company has a net operating loss carryforward of approximately $95,000 to offset future taxable income.&nbsp;&nbsp;The amount and availability of any net operating loss carryforwards will be subject to the limitations set forth in the Internal Revenue Code.&nbsp;&nbsp;Such factors as the number of shares ultimately issued within a three year look-back period; whether there is a deemed more than 50 percent change in control; the applicable long-term tax exempt bond rate; continuity of historical business; and subsequent income of the Company all enter into the annual computation of allowable annual utilization of any net operating loss carryforward(s).</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company's income tax expense (benefit) for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 varied from the statutory rate of 34% as follows:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Period from</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>August 1, 2007</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>(date of</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>bankruptcy</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>settlement)</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>through</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Statutory rate applied to</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>income before income taxes</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(11,000</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(7,700</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:64%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Increase (decrease) in income</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:64%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>taxes resulting from:</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>State income taxes</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Other, including reserve</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>for deferred tax asset and</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>application of net operating</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>loss carryforward</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>11,000</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>7,700</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income tax expense</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company&#146;s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2013 and 2012, respectively, relate solely to the Company&#146;s net operating loss carryforward(s).&nbsp;&nbsp;This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2013 and 2012, respectively:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred tax assets</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:76%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net operating loss carryforwards</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:76%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Less valuation allowance</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(21,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:76%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:76%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net Deferred Tax Asset</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>During the each of the years ended December 31, 2013 and 2012, respectively, the valuation allowance for the deferred tax asset increased by approximately $11,000 and $7,700.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note L - Subsequent Events</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company in 2014 is conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering of $49,032,225 at $3.31 per share.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>On February 14, 2014, the Company closed on the sale of 927,000 shares of common stock, the minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds of $3,068,370.&nbsp; Pariter Securities, LLC (&#147;Pariter&#148;) was paid $125,431 for acting as a placement agent for the offering and&nbsp;was issued 92,700 five-year warrants exercisable at $3.31 per share. Additionally, Pariter waived cash commissions of $304,001 by electing to purchase 91,843 shares of the Company&#146;s common stock at the offering price of $3.31 per share (without commissions or expenses) and other fee of $1,000 was also paid. The net proceeds to the Company were $2,941,939.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As of April 14, 2014 the Company's escrow agent received approximately $1.1 million after the first closing.&nbsp; These funds are not under control or available to the Company until&nbsp;after&nbsp;a second closing.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company&#146;s principal shareholder is Coqu&#237; Radio Pharmaceuticals Corp. (&#147;Coqu&#237;&#148;).&nbsp; Coqu&#237; is a radio pharmaceutical company that seeks to establish a medical isotope production facility (the &#147;Facility&#148;) to produce Molybdenum-99 (&#147;Mo-99&#148;).&nbsp; Mo-99 is used to manufacture one of the principal medical isotopes used for diagnostic applications in nuclear medicine.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The net proceeds will be used primarily through advances to Coqu&#237;, for preparing an environmental report on the site where the Facility is to be located, Nuclear Regulatory Commission (&#147;NRC&#148;) counsel, hiring contractors to begin preliminary work on the Facility prior to receiving any NRC licensing, and for general working capital purposes.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Following completion of the required audit of Coqu&#237; the intent is for Coqui to merge into the Company.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note I &#150; Concentration of Credit Risk</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through December 31, 2013. At December 31, 2013, the Company had no cash equivalent balances that were not insured.</p> <!--egx--><p style='margin:0in 0in 0pt'><b>Note H &#150; Due to Stockholder</b></p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As of December 31, 2013, the Company owes $3,825 to Coqu&#237; Radio Pharmaceuticals, Corp., the controlling stockholder of the Company for the funding of general operations. The amount owing is unsecured, non-interest bearing, and due on demand.</p> <!--egx--><table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>1.</p></td> <td valign="top" width="98%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:98%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Cash and cash equivalents</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.</p> <!--egx--><table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>2.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Reorganization costs</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization of the Company were charged to operations as incurred.</p> <!--egx--><table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>3.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income taxes</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company files income tax returns in the United States of America and various states, as appropriate and applicable.&nbsp;&nbsp;As a result of the Company&#146;s bankruptcy action, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January&nbsp;1, 2010.&nbsp;&nbsp;The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company uses the asset and liability method of accounting for income taxes.&nbsp;&nbsp;At December 31, 2013 and 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.&nbsp;&nbsp;Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>The Company has adopted the provisions required by the Income Taxes topic of the FASB Accounting Standards Codification.&nbsp;&nbsp;The Codification Topic requires the recognition of potential liabilities as a result of management&#146;s acceptance of potentially uncertain positions for income tax treatment on a &#147;more-likely-than-not&#148; probability of an assessment upon examination by a respective taxing authority.&nbsp;&nbsp;As a result of the implementation of Codification&#146;s Income Tax Topic, the Company did not incur any liability for unrecognized tax benefits.</p> <!--egx--><table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="top" width="2%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:2%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>4.</p></td> <td valign="top" width="88%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:88%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income (Loss) per share</p></td></tr></table> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Fully diluted earnings (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company&#146;s net income (loss) position at the calculation date.</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <p style='margin:0in 0in 0pt'>As of December 31, 2013 and 2012, and subsequent thereto, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.</p> <!--egx--><p style='margin:0in 0in 0pt'>The components of income tax (benefit) expense for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 are as follows:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Period from</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>August 1, 2007</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>(date of</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>bankruptcy</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>settlement)</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>through</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Federal:</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>State:</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Current</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Total</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> <!--egx--><p style='margin:0in 0in 0pt'>The Company&#146;s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2013 and 2012, respectively, relate solely to the Company&#146;s net operating loss carryforward(s).&nbsp;&nbsp;This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2013 and 2012, respectively:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Deferred tax assets</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:76%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net operating loss carryforwards</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>21,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:76%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Less valuation allowance</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(21,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:76%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="76%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:76%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Net Deferred Tax Asset</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> <!--egx--><p style='margin:0in 0in 0pt'>The Company's income tax expense (benefit) for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 varied from the statutory rate of 34% as follows:</p> <p style='margin:0in 0in 0pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100%'> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Period from</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>August 1, 2007</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>(date of</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>bankruptcy</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>settlement)</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>Year ended</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>through</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>December 31,</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2012</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="center" style='text-align:center;margin:0in 0in 0pt'>2013</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;background-color:transparent;padding-left:0in;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Statutory rate applied to</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" colspan="2" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp;</p></td> <td valign="bottom" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>income before income taxes</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(11,000</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(7,700</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>(32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>)</p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:64%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Increase (decrease) in income</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:64%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>taxes resulting from:</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:9%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;background-color:transparent;padding-left:0in;width:1%;padding-right:0in;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>State income taxes</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Other, including reserve</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>for deferred tax asset and</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>application of net operating</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:64%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>loss carryforward</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>11,000</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>7,700</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="9%" style='border-bottom:black 1.5pt solid;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>32,400</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:1.5pt;padding-left:0in;width:1%;padding-right:0in;background:white;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr> <tr> <td valign="bottom" width="64%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:64%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>Income tax expense</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td> <td valign="bottom" width="1%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>$</p></td> <td valign="bottom" width="9%" style='border-bottom:black 2.25pt double;border-left:#ece9d8;padding-bottom:0in;padding-left:0in;width:9%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p align="right" style='text-align:right;margin:0in 0in 0pt'>-</p></td> <td valign="bottom" width="1%" style='border-bottom:#ece9d8;border-left:#ece9d8;padding-bottom:3pt;padding-left:0in;width:1%;padding-right:0in;background:aliceblue;border-top:#ece9d8;border-right:#ece9d8;padding-top:0in'> <p style='margin:0in 0in 0pt'>&nbsp; </p></td></tr></table> 9500000 9500000 9500 0.001 10000005 400000 10000 270000 100000000 10000000 0 0 1000 5600 22250 58335 3825 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -11000 -7700 -32400 0 0 0 11000 7700 32400 0 0 0 32400 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Bankruptcy Code link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Fair Value of Financial Instruments link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - ACCOUNTING POLICIES (Policies) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Income tax expense (benefit) for each of the years (Tables) link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Components of income tax (benefit) expense for each of the years (Tables) link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Income Taxes link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 sscr-20131231_cal.xml EX-101.DEF 8 sscr-20131231_def.xml EX-101.LAB 9 sscr-20131231_lab.xml Private placement to accredited investors in exchange for gross proceeds at $3.31 per share Private placement to accredited investors in exchange for gross proceeds at $3.31 per share Issued an aggregate shares of common stock Issued an aggregate shares of common stock Income tax expense (benefit) varied from the statutory rate of as follows (Details) Income tax expense (benefit) for each of the years {1} Income tax expense (benefit) for each of the years Liquidity Additional Paid In Capital Weighted-average number of shares of common stock outstanding -basic and fully diluted Total operating expenses Reorganization costs Revenues Common Stock, par value Related Party Transaction: Related Party Transactions Adjustments to reconcile net loss to net cash used in operating activities Net loss for the year The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Provision for income taxes Other general and administrative expenses Preferred stock - $0.001 par value 10,000,000 shares authorized.None issued and outstanding Entity Filer Category Amendment Flag Minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds Minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds Other, including reserve for deferred tax asset and application of net operating loss carryforward State: TOTAL COMPONENTS OF INCOMETAX BENEFIT EXPENSE. [Abstract] Reorganizations costs Policy text block that refers to organization's costs. Due to Stockholder {1} Due to Stockholder Entire disclosure for the amount owing is unsecured, non-interest bearing, and due on demand. Net cash used in operating activities Net loss for the period Common Stock, shares issued Total Stockholders' Equity (Deficit) Total Liabilities LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Electing to purchase shares of the Company's common stock Electing to purchase shares of the Company's common stock Plan Shares to meet the requirements Plan Shares to meet the requirements Operating Activities Preferred Stock, par value Cash on hand and in bank Due to Stockholder Consists Of the Following Acquired Common Stock Value Share Purchase Agreement (Share Purchase Agreement) with Carolyn C. Shelton (Shelton), a resident of Tyler, Texas, pursuant to which she acquired shares value Summary of Significant Accounting Policies Stockholder loans Accounts payable Cash Flows from Operating Activities Common Shares CHANGES IN STOCKHOLDERS EQUITY REVENUES Common Stock, shares authorized Document Fiscal Year Focus Deferred tax assets Income tax expense The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to pretax Income or Loss from continuing operations; income tax expense or benefit may include interest and penalties on tax uncertainties based on the entity's accounting policy. GOING CONCERN: Income Taxes Basis of Presentation and Use of Estimates Cash Flows from Financing Activities Increase (Decrease) in Capital contributed to support operations The amount of capital contributed Entity Well-known Seasoned Issuer Conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering in 2014 Conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering in 2014 HFG managed Cash funded from bankruptcy trust The net cash inflow in aggregate debt and proceeds from additional borrowings. Deferred Tax Assets And Liabilities Components of income tax (benefit) expense for each of the years Related Party Transactions {1} Related Party Transactions Supplemental Disclosure of Interest and Income Taxes Paid Cash at beginning of period Cash at beginning of period Cash at end of period Professional fees Preferred Stock, shares authorized Deficit accumulated during the development stage Accounts payable - trade Entity Public Float Pariter Securities, LLC ("Pariter") was paid Pariter Securities, LLC ("Pariter") was paid Increase (decrease) in income taxes resulting from: Deferred Agreed to pay to Carolyn Shelton Agreed to pay to Carolyn Shelton ACCOUNTING POLICIES Summary of Significant Accounting Policies {1} Summary of Significant Accounting Policies Liquidity {1} Liquidity Other fee paid Other fee paid Common stock was issued to holders of various claims Common stock was issued to holders of various claims Owes to Coqu&#237; Radio Pharmaceuticals, Corp., Owes to Coqu&#237; Radio Pharmaceuticals, Corp., Common Stock Shares Par Value Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Concentration of Credit Risk {1} Concentration of Credit Risk Cash funded from bankruptcy trust Proceeds from funinf of Bankruptacytrust. Sale of common stock {1} Sale of common stock Cash Flows from Investing Activities Statement {1} Statement Total Net Loss Total Liabilities and Stockholders' Equity (Deficit) Document Fiscal Period Focus Entity Common Stock, Shares Outstanding Issued an aggregate shares of common stock par value Issued an aggregate shares of common stock par value Net operating loss carryforwards DEFERRED TAX ASSETS COMPONENTS Shares of common stock Issued Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). Deferred Tax Assets And Liabilities {1} Deferred Tax Assets And Liabilities Capital Stock Transactions {1} Capital Stock Transactions Fair Value of Financial Instruments Basis of Presentation and Use of Estimates {1} Basis of Presentation and Use of Estimates Background and Description of Business {1} Background and Description of Business Income taxes paid during the period Stock issued pursuant to plan of reorganization at bankruptcy settlement date on August 1, 2007 Stock issued pursuant to plan of reorganization at bankruptcy settlement date on August 1, 2007 Loss from operations Entity Voluntary Filers Document Period End Date Closed on the sale of shares of common stock Closed on the sale of shares of common stock Statutory rate applied to income before income taxes Total Income Tax Expense Benefit State Deferred {1} Deferred Current {1} Current Subsequent Events {1} Subsequent Events Capital Stock Transactions Concentration of Credit Risk Equity Components Common stock - $0.001 par value.100,000,000 shares authorized.10,000,005 shares issued and outstanding, respectively Entity Registrant Name Additionally, Pariter waived cash commissions Additionally, Pariter waived cash commissions VALUATION ALLOWANCE FOR DEFERRED TAX ASSET: Contributed capital to support operations Income tax expense (benefit) for each of the years Income Taxes {1} Income Taxes Parentheticals Due to stockholder Current Assets Current Fiscal Year End Date Document Type Document and Entity Information Additionalcommon shares were sold up to April 9, 2014 Additionalcommon shares were sold up to April 9, 2014 Share Purchase Agreement Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of equity unit purchase agreements using the treasury stock method. State income taxes Agreed to pay to Halter Financial Investments, L.P Agreed to pay to Halter Financial Investments, L.P ORGANIZATION AND DESCRIPTION: Cash and cash equivalents policy Reorganization Under Chapter 11 of the U. S. Bankruptcy Code Sale of common stock Balances Balances Balances Loss per weighted-average share of common stock outstanding, computed on net loss - basic and fully diluted Shares of common stock currently issued and outstanding Shares of common stock currently issued and outstanding Valuation allowance for the deferred tax asset increased by approximately Net Deferred Tax Asset Components of Income Tax Expense Benefit As Follows Common stock are currently issued and outstanding Common stock are currently issued and outstanding Components of income tax (benefit) expense for each of the years {1} Components of income tax (benefit) expense for each of the years Net loss for the period from August 1, 2007 (date of bankruptcy settlement) to December 31, 2007 Net loss for the period from August 1, 2007 (date of bankruptcy settlement) to December 31, 2007 Common Amount Subsequent Events Transactions: Income Tax Expense Benefit Federal Shares of preferred stock Issued Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). Subsequent Events Due to Stockholder Fair Value of Financial Instruments {1} Fair Value of Financial Instruments Net cash provided by financing activities Common Stock, shares outstanding Current Liabilities Entity Current Reporting Status Current Federal: Purchase an additional shares of common stock Purchase an additional shares of common stock Background and Description of Business Interest paid during the period Additional paid-in capital Stockholders' Equity (Deficit) Total Assets Entity Central Index Key CAPITAL STOCK TRANSACTION: Less valuation allowance Total income tax (benefit) expense Acquired Common Stock Shares Share Purchase Agreement (Share Purchase Agreement) with Carolyn C. Shelton (Shelton), a resident of Tyler, Texas, pursuant to which she acquired shares Income (Loss) per share policy Income Taxes Policy Reorganization Under Chapter 11 of the U. S. Bankruptcy Code {1} Reorganization Under Chapter 11 of the U. S. 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Related Party Transaction (Details) (USD $)
12 Months Ended 77 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Related Party Transaction:      
HFG managed Cash funded from bankruptcy trust $ 0 $ 0 $ 1,000
Contributed capital to support operations $ 5,600 $ 22,250 $ 58,335

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Basis of Presentation and Use of Estimates
12 Months Ended
Dec. 31, 2013
Basis of Presentation and Use of Estimates  
Basis of Presentation and Use of Estimates

Note C - Basis of Presentation and Use of Estimates

 

The Company is presented as a development stage company beginning on the date of the bankruptcy settlement (confirmation date) of August 1, 2007, within Fresh Start accounting was applied. Activities during the development stage have been maintaining corporate and reporting compliance, seeking a business combination and raising capital.

 

The preparation of 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

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DEFERRED TAX ASSETS COMPONENTS (Details) (USD $)
Dec. 31, 2013
Dec. 31, 2012
DEFERRED TAX ASSETS COMPONENTS    
Net operating loss carryforwards $ 32,400 $ 21,400
Less valuation allowance (32,400) (21,400)
Net Deferred Tax Asset $ 0 $ 0
XML 17 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income tax expense (benefit) varied from the statutory rate of as follows (Details) (USD $)
12 Months Ended 77 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Income tax expense (benefit) varied from the statutory rate of as follows (Details)      
Statutory rate applied to income before income taxes $ (11,000) $ (7,700) $ (32,400)
State income taxes 0 0 0
Other, including reserve for deferred tax asset and application of net operating loss carryforward 11,000 7,700 32,400
Income tax expense $ 0 $ 0 $ 0
XML 18 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
VALUATION ALLOWANCE FOR DEFERRED TAX ASSET (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
VALUATION ALLOWANCE FOR DEFERRED TAX ASSET:    
Valuation allowance for the deferred tax asset increased by approximately $ 11,000 $ 7,700
XML 19 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
CAPITAL STOCK TRANSACTION (Details) (USD $)
Dec. 31, 2013
Nov. 05, 2010
CAPITAL STOCK TRANSACTION:    
Plan Shares to meet the requirements 500,005  
Common stock was issued to holders of various claims 500,005  
Share Purchase Agreement   9,500,000
Issued an aggregate shares of common stock   $ 9,500
Issued an aggregate shares of common stock par value   $ 0.001
Shares of common stock currently issued and outstanding 10,000,005  
XML 20 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reorganization Under Chapter 11 of the U. S. Bankruptcy Code
12 Months Ended
Dec. 31, 2013
Reorganization Under Chapter 11 of the U. S. Bankruptcy Code  
Reorganization Under Chapter 11 of the U. S. Bankruptcy Code

Note B - Reorganization Under Chapter 11 of the U. S. Bankruptcy Code

 

The Company’s Plan of Reorganization was confirmed by the Bankruptcy Court on August 1, 2007 and became effective on August 10, 2007.  On November 5, 2010, the Company entered into a transaction with Carolyn C. Shelton as discussed in Note A and a Certificate of Compliance with certain bankruptcy confirmation provisions was issued by the Bankruptcy Court on November 10, 2010
XML 21 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events Transactions (Details) (USD $)
Feb. 14, 2014
Dec. 31, 2013
Subsequent Events Transactions:    
Conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering in 2014   49,032,225
Closed on the sale of shares of common stock 927,000  
Minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds $ 3,068,370  
Pariter Securities, LLC ("Pariter") was paid 125,431  
Additionally, Pariter waived cash commissions 304,001  
Electing to purchase shares of the Company's common stock 91,843  
Other fee paid 1,000  
Additionalcommon shares were sold up to April 9, 2014 306,000  
Private placement to accredited investors in exchange for gross proceeds at $3.31 per share $ 1,012,860  
XML 22 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash on hand and in bank $ 238 $ 874
Total Assets 238 874
Current Liabilities    
Accounts payable - trade 22,910 600
Due to stockholder 3,825 0
Total Liabilities 26,735 600
Stockholders' Equity (Deficit)    
Preferred stock - $0.001 par value 10,000,000 shares authorized.None issued and outstanding 0 0
Common stock - $0.001 par value.100,000,000 shares authorized.10,000,005 shares issued and outstanding, respectively 10,000 10,000
Additional paid-in capital 58,835 53,235
Deficit accumulated during the development stage (95,332) (62,961)
Total Stockholders' Equity (Deficit) (26,497) 274
Total Liabilities and Stockholders' Equity (Deficit) $ 238 $ 874
XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Cash Flows (USD $)
12 Months Ended 77 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Cash Flows from Operating Activities      
Net loss for the period $ (32,371) $ (22,664) $ (95,332)
Increase (Decrease) in      
Accounts payable 22,310 600 22,910
Net cash used in operating activities (10,061) (22,064) (72,422)
Cash Flows from Investing Activities 0 0 0
Cash Flows from Financing Activities      
Sale of common stock 0 0 9,500
Stockholder loans 3,825 0 3,825
Cash funded from bankruptcy trust 0 0 1,000
Additional capital contributed to support operations 5,600 22,250 58,335
Net cash provided by financing activities 9,425 22,250 72,660
Increase in Cash (636) 186 238
Cash at beginning of period 874 688 0
Cash at end of period 238 874 238
Supplemental Disclosure of Interest and Income Taxes Paid      
Interest paid during the period 0 0 0
Income taxes paid during the period $ 0 $ 0 $ 0
XML 24 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Deferred Tax Assets And Liabilities (Tables)
12 Months Ended
Dec. 31, 2013
Deferred Tax Assets And Liabilities  
Deferred Tax Assets And Liabilities

The Company’s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2013 and 2012, respectively, relate solely to the Company’s net operating loss carryforward(s).  This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2013 and 2012, respectively:

 

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

Deferred tax assets

 

 

 

 

 

 

Net operating loss carryforwards

 

$

32,400

 

 

$

21,400

 

Less valuation allowance

 

 

(32,400

)

 

 

(21,400

)

 

 

 

 

 

 

 

 

 

Net Deferred Tax Asset

 

$

-

 

 

$

-

 

XML 25 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOING CONCERN (Details)
Dec. 31, 2013
GOING CONCERN:  
Shares of common stock Issued 100,000,000
Shares of preferred stock Issued 10,000,000
XML 26 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.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; } }; Show.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( '-', '+' ); } } }; XML 27 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Background and Description of Business
12 Months Ended
Dec. 31, 2013
Background and Description of Business  
Background and Description of Business

Note A - Background and Description of Business

 

SMSA Crane Acquisition Corp. (the “Company”) was organized on September 9, 2009 as a Nevada corporation to effect the reincorporation of Senior Management Services of Crane, Inc. (Predecessor Company), a Texas corporation, mandated by the plan of reorganization discussed below.

 

The Company’s emergence from Chapter 11 of Title 11 of the United States Code on August 1, 2007 created the combination of a change in majority ownership and voting control - that is, loss of control by the then-existing stockholders, a court-approved reorganization, and a reliable measure of the entity’s fair value - resulting in a fresh start, creating, in substance, a new reporting entity.  Accordingly, the Company, post bankruptcy, has no significant assets, liabilities or operating activities.  Therefore, the Company, as a new reporting entity, qualifies as a “development stage enterprise” as defined in Development Stage Entities topic of the FASB Accounting Standards Codification and as a shell company as defined in Rule 405 under the Securities Act of 1933, (Securities Act), and Rule 12b-2 under the Securities Exchange Act of 1934, (Exchange Act).

 

On November 5, 2010, the Company entered into a Share Purchase Agreement (Share Purchase Agreement) with Carolyn C. Shelton (Shelton), a resident of Tyler, Texas, pursuant to which on November 10, 2010 she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.  As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.

 

On August 29, 2013, Coquí Radio Pharmaceuticals, Corp. (Coquí) closed a transaction through which Coquí purchased 9,500,000 outstanding shares of common stock and agreed to purchase an additional 400,000 shares of common stock of the Company and agreed to pay $10,000 to Carolyn Shelton and $270,000 to Halter Financial Investments, L.P. in this private transaction. The additional 400,000 shares were subsequently acquired on October 24, 2013.

 

The Company intends to consummate a reverse acquisition transaction with Coquí to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. The Company intends to consummate such merger as soon as Coquí finishes auditing its books and records.

XML 28 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets Parentheticals (USD $)
Dec. 31, 2013
Dec. 31, 2012
Parentheticals    
Preferred Stock, par value $ 0.001 $ 0.001
Preferred Stock, shares authorized 10,000,000 10,000,000
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 10,000,005 10,000,005
Common Stock, shares outstanding 10,000,005 10,000,005
XML 29 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital Stock Transactions
12 Months Ended
Dec. 31, 2013
Capital Stock Transactions  
Capital Stock Transactions

Note K- Capital Stock Transactions

 

Pursuant to the Plan affirmed by the U. S. Bankruptcy Court - Northern District of Texas - Dallas Division, the Company issued 500,005 plan shares to meet the requirements of the Plan.  The 500,005 shares of the Company’s “new” common stock was issued to holders of various claims, as defined in the Plan, in settlement of all unpaid pre-confirmation obligations of the Company and/or the bankruptcy trust.

 

On November 5, 2010, the Company entered into a Share Purchase Agreement with Shelton pursuant to which she acquired 9,500,000 shares of our common stock for approximately $9,500 cash or $0.001 per share.  As a result of this transaction, 10,000,005 shares of our common stock are currently issued and outstanding.  

XML 30 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information (USD $)
12 Months Ended
Dec. 31, 2013
Document and Entity Information  
Entity Registrant Name SMSA CRANE ACQUISITION CORP.
Document Type 10-K
Document Period End Date Dec. 31, 2013
Amendment Flag false
Entity Central Index Key 0001473287
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 10,000,005
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 2013
Document Fiscal Period Focus FY
Entity Public Float $ 0
XML 31 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events  
Subsequent Events

Note L - Subsequent Events

 

The Company in 2014 is conducting a private placement offering on a best efforts partial all-or-none basis, minimum offering of $3 million, maximum offering of $49,032,225 at $3.31 per share.

 

On February 14, 2014, the Company closed on the sale of 927,000 shares of common stock, the minimum amount offered in its private placement offering to accredited investors in exchange for gross proceeds of $3,068,370.  Pariter Securities, LLC (“Pariter”) was paid $125,431 for acting as a placement agent for the offering and was issued 92,700 five-year warrants exercisable at $3.31 per share. Additionally, Pariter waived cash commissions of $304,001 by electing to purchase 91,843 shares of the Company’s common stock at the offering price of $3.31 per share (without commissions or expenses) and other fee of $1,000 was also paid. The net proceeds to the Company were $2,941,939.

 

As of April 14, 2014 the Company's escrow agent received approximately $1.1 million after the first closing.  These funds are not under control or available to the Company until after a second closing.

 

The Company’s principal shareholder is Coquí Radio Pharmaceuticals Corp. (“Coquí”).  Coquí is a radio pharmaceutical company that seeks to establish a medical isotope production facility (the “Facility”) to produce Molybdenum-99 (“Mo-99”).  Mo-99 is used to manufacture one of the principal medical isotopes used for diagnostic applications in nuclear medicine.

 

The net proceeds will be used primarily through advances to Coquí, for preparing an environmental report on the site where the Facility is to be located, Nuclear Regulatory Commission (“NRC”) counsel, hiring contractors to begin preliminary work on the Facility prior to receiving any NRC licensing, and for general working capital purposes.

 

Following completion of the required audit of Coquí the intent is for Coqui to merge into the Company.

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Statements of Operations (USD $)
12 Months Ended 77 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
REVENUES      
Revenues $ 0 $ 0 $ 0
Operating expenses      
Reorganization costs 0 0 2,916
Professional fees 25,025 8,860 54,228
Other general and administrative expenses 7,346 13,804 38,188
Total operating expenses 32,371 22,664 95,332
Loss from operations (32,371) (22,664) (95,332)
Provision for income taxes 0 0 0
Net Loss $ (32,371) $ (22,664) $ (95,332)
Loss per weighted-average share of common stock outstanding, computed on net loss - basic and fully diluted $ 0.00 $ 0.00  
Weighted-average number of shares of common stock outstanding -basic and fully diluted 10,000,005 10,000,005  

XML 34 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value of Financial Instruments
12 Months Ended
Dec. 31, 2013
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

Note F - Fair Value of Financial Instruments

 

The carrying amount of cash, accounts payable and due to stockholder, approximates fair value due to the short term nature of these items and/or the current interest rates payable in relation to current market conditions.

 

Interest rate risk is the risk that the Company’s earnings are subject to fluctuations in interest rates on either investments or on debt and is fully dependent upon the volatility of these rates.  The Company does not use derivative instruments to moderate its exposure to interest rate risk, if any.

 

Financial risk is the risk that the Company’s earnings are subject to fluctuations in interest rates or foreign exchange rates and are fully dependent upon the volatility of these rates.  The Company does not use derivative instruments to moderate its exposure to financial risk, if any.

XML 35 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2013
Summary of Significant Accounting Policies  
Summary of Significant Accounting Policies

Note E - Summary of Significant Accounting Policies

 

1.

Cash and cash equivalents

 

The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.

 

2.

Reorganization costs

 

The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization of the Company were charged to operations as incurred.

 

3.

Income taxes

 

The Company files income tax returns in the United States of America and various states, as appropriate and applicable.  As a result of the Company’s bankruptcy action, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January 1, 2010.  The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.

 

The Company uses the asset and liability method of accounting for income taxes.  At December 31, 2013 and 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.

 

The Company has adopted the provisions required by the Income Taxes topic of the FASB Accounting Standards Codification.  The Codification Topic requires the recognition of potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.  As a result of the implementation of Codification’s Income Tax Topic, the Company did not incur any liability for unrecognized tax benefits.

 

4.

Income (Loss) per share

 

Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.

 

Fully diluted earnings (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).

 

Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date.

 

As of December 31, 2013 and 2012, and subsequent thereto, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.

XML 36 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
ORGANIZATION AND DESCRIPTION (Details) (USD $)
Aug. 29, 2013
Nov. 05, 2010
ORGANIZATION AND DESCRIPTION:    
Acquired Common Stock Shares 9,500,000 9,500,000
Acquired Common Stock Value   $ 9,500
Common Stock Shares Par Value   $ 0.001
Common stock are currently issued and outstanding 10,000,005  
Purchase an additional shares of common stock 400,000  
Agreed to pay to Carolyn Shelton 10,000  
Agreed to pay to Halter Financial Investments, L.P $ 270,000  
XML 37 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
ACCOUNTING POLICIES (Policies)
12 Months Ended
Dec. 31, 2013
ACCOUNTING POLICIES  
Cash and cash equivalents policy

1.

Cash and cash equivalents

 

The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.

Reorganizations costs

2.

Reorganization costs

 

The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization of the Company were charged to operations as incurred.

Income Taxes Policy

3.

Income taxes

 

The Company files income tax returns in the United States of America and various states, as appropriate and applicable.  As a result of the Company’s bankruptcy action, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January 1, 2010.  The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.

 

The Company uses the asset and liability method of accounting for income taxes.  At December 31, 2013 and 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.

 

The Company has adopted the provisions required by the Income Taxes topic of the FASB Accounting Standards Codification.  The Codification Topic requires the recognition of potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.  As a result of the implementation of Codification’s Income Tax Topic, the Company did not incur any liability for unrecognized tax benefits.

Income (Loss) per share policy

4.

Income (Loss) per share

 

Basic earnings (loss) per share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.

 

Fully diluted earnings (loss) per share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).

 

Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date.

 

As of December 31, 2013 and 2012, and subsequent thereto, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.

XML 38 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Concentration of Credit Risk
12 Months Ended
Dec. 31, 2013
Concentration of Credit Risk  
Concentration of Credit Risk

Note I – Concentration of Credit Risk

 

The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through December 31, 2013. At December 31, 2013, the Company had no cash equivalent balances that were not insured.

XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions  
Related Party Transactions

Note G - Related Party Transactions

 

Halter Financial Group, Inc. (H.G.), pursuant to the Plan, managed the $1,000 in cash transferred from the bankruptcy creditor’s trust on our behalf until exhausted and contributed additional monies through September 16, 2013 ( the date of sale of shares of common stock to Coquí Radio Pharmaceuticals, Corp.-see Note A) to support our operations.  This contributed capital totaled $5,600, $22,250 and $58,335 for the years ended December 31, 2013 and 2012 and the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013, respectively, and have been reflected as a component of additional paid-in capital in the accompanying balance sheets.

 

During the year ended December 31, 2013, a majority stockholder of the Company contributed $3,825 as a loan to support the Company’s operations. This amount has been reflected as due to stockholder in the accompanying financial statements at December 31, 2013 (see Note H).

XML 40 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Due to Stockholder
12 Months Ended
Dec. 31, 2013
Due to Stockholder  
Due to Stockholder

Note H – Due to Stockholder

 

As of December 31, 2013, the Company owes $3,825 to Coquí Radio Pharmaceuticals, Corp., the controlling stockholder of the Company for the funding of general operations. The amount owing is unsecured, non-interest bearing, and due on demand.

XML 41 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
12 Months Ended
Dec. 31, 2013
Income Taxes  
Income Taxes

Note J - Income Taxes

 

The components of income tax (benefit) expense for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

Period from

 

 

 

 

 

 

 

 

 

August 1, 2007

 

 

 

 

 

 

 

 

 

(date of

 

 

 

 

 

 

 

 

 

bankruptcy

 

 

 

 

 

 

 

 

 

settlement)

 

 

 

Year ended

 

 

Year ended

 

 

through

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

 

2013

 

Federal:

 

 

 

 

 

 

 

 

 

Current

 

$

-

 

 

$

-

 

 

$

-

 

Deferred

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

-

 

 

 

-

 

 

 

-

 

State:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

 

-

 

 

 

-

 

 

 

-

 

Deferred

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

-

 

 

$

-

 

 

$

-

 

 

As of December 31, 2013, the Company has a net operating loss carryforward of approximately $95,000 to offset future taxable income.  The amount and availability of any net operating loss carryforwards will be subject to the limitations set forth in the Internal Revenue Code.  Such factors as the number of shares ultimately issued within a three year look-back period; whether there is a deemed more than 50 percent change in control; the applicable long-term tax exempt bond rate; continuity of historical business; and subsequent income of the Company all enter into the annual computation of allowable annual utilization of any net operating loss carryforward(s).

 

 

The Company's income tax expense (benefit) for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 varied from the statutory rate of 34% as follows:

 

 

 

 

 

 

 

 

 

Period from

 

 

 

 

 

 

 

 

 

August 1, 2007

 

 

 

 

 

 

 

 

 

(date of

 

 

 

 

 

 

 

 

 

bankruptcy

 

 

 

 

 

 

 

 

 

settlement)

 

 

 

Year ended

 

 

Year ended

 

 

through

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

 

2013

 

Statutory rate applied to

 

 

 

 

 

 

 

 

 

income before income taxes

 

$

(11,000

)

 

$

(7,700

)

 

$

(32,400

)

Increase (decrease) in income

 

 

 

 

 

 

 

 

 

 

 

 

taxes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State income taxes

 

 

-

 

 

 

-

 

 

 

-

 

Other, including reserve

 

 

 

 

 

 

 

 

 

 

 

 

for deferred tax asset and

 

 

 

 

 

 

 

 

 

 

 

 

application of net operating

 

 

 

 

 

 

 

 

 

 

 

 

loss carryforward

 

 

11,000

 

 

 

7,700

 

 

 

32,400

 

Income tax expense

 

$

-

 

 

$

-

 

 

$

-

 

 

The Company’s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2013 and 2012, respectively, relate solely to the Company’s net operating loss carryforward(s).  This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2013 and 2012, respectively:

 

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

Deferred tax assets

 

 

 

 

 

 

Net operating loss carryforwards

 

$

32,400

 

 

$

21,400

 

Less valuation allowance

 

 

(32,400

)

 

 

(21,400

)

 

 

 

 

 

 

 

 

 

Net Deferred Tax Asset

 

$

-

 

 

$

-

 

 

During the each of the years ended December 31, 2013 and 2012, respectively, the valuation allowance for the deferred tax asset increased by approximately $11,000 and $7,700.

XML 42 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income tax expense (benefit) for each of the years (Tables)
12 Months Ended
Dec. 31, 2013
Income tax expense (benefit) for each of the years  
Income tax expense (benefit) for each of the years

The Company's income tax expense (benefit) for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 varied from the statutory rate of 34% as follows:

 

 

 

 

 

 

 

 

 

Period from

 

 

 

 

 

 

 

 

 

August 1, 2007

 

 

 

 

 

 

 

 

 

(date of

 

 

 

 

 

 

 

 

 

bankruptcy

 

 

 

 

 

 

 

 

 

settlement)

 

 

 

Year ended

 

 

Year ended

 

 

through

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

 

2013

 

Statutory rate applied to

 

 

 

 

 

 

 

 

 

income before income taxes

 

$

(11,000

)

 

$

(7,700

)

 

$

(32,400

)

Increase (decrease) in income

 

 

 

 

 

 

 

 

 

 

 

 

taxes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State income taxes

 

 

-

 

 

 

-

 

 

 

-

 

Other, including reserve

 

 

 

 

 

 

 

 

 

 

 

 

for deferred tax asset and

 

 

 

 

 

 

 

 

 

 

 

 

application of net operating

 

 

 

 

 

 

 

 

 

 

 

 

loss carryforward

 

 

11,000

 

 

 

7,700

 

 

 

32,400

 

Income tax expense

 

$

-

 

 

$

-

 

 

$

-

 

XML 43 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Due to Stockholder Consists Of the Following (details) (USD $)
Dec. 31, 2013
Due to Stockholder Consists Of the Following  
Owes to Coqu&#237; Radio Pharmaceuticals, Corp., $ 3,825
XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Changes in Stockholders' Equity (Deficit) (USD $)
Common Shares
Common Amount
USD ($)
Additional Paid In Capital
USD ($)
Deficit accumulated during the development stage
USD ($)
Total
USD ($)
Balances at Aug. 01, 2007 0 0 0 0 0
Stock issued pursuant to plan of reorganization at bankruptcy settlement date on August 1, 2007 500,005 500 500 0 1,000
Net loss for the period from August 1, 2007 (date of bankruptcy settlement) to December 31, 2007   $ 0 $ 0 $ (5,000) $ (5,000)
Balances at Dec. 31, 2007 500,005 500 500 (5,000) (4,000)
Net loss for the year   0 0 (841) (841)
Balances at Dec. 31, 2008 500,005 500 500 (5,841) (4,841)
Net loss for the year   0 0 (4,058) (4,058)
Balances at Dec. 31, 2009 500,005 500 500 (9,899) (8,899)
Sale of common stock 9,500,000 9,500 0 0 9,500
Capital contributed to support operations   0 19,985 0 19,985
Net loss for the year   0 0 (11,086) (11,086)
Balances at Dec. 31, 2010 10,000,005 10,000 20,485 (20,985) 9,500
Capital contributed to support operations   0 10,500 0 10,500
Net loss for the year   0 0 (19,312) (19,312)
Balances at Dec. 31, 2011 10,000,005 10,000 30,985 (40,297) 688
Capital contributed to support operations   0 22,250 0 22,250
Net loss for the year   0 0 (22,664) (22,664)
Balances at Dec. 31, 2012 10,000,005 10,000 53,235 (62,961) 274
Capital contributed to support operations   0 5,600 0 5,600
Net loss for the year   $ 0 $ 0 $ (32,371) $ (32,371)
Balances at Dec. 31, 2013 10,000,005 10,000 58,835 (95,332) (26,497)
XML 45 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Liquidity
12 Months Ended
Dec. 31, 2013
Liquidity  
Liquidity

Note D - Liquidity

 

The Company has no post-bankruptcy operating history, however the Company has raised approximately $4.0 million in equity capital from January 2014 through April 9, 2014 in contemplation of a reverse acquisition transaction with an operating company, Coqui, as discussed in Note A.

 

The Company’s business plan is to consummate the reverse acquisition transaction with Coquí who intends to establish a dedicated Medical Isotope Production Facility in the United States to provide a reliable domestic source of certain radioisotopes for use in nuclear medicine. However, there is no assurance that the Company will be able to successfully implement this business plan or that the execution of the same will result in the appreciation of our stockholders’ investment in the Company’s common stock.

 

The Company's ultimate continued existence is dependent upon its ability to generate sufficient cash flows from operations to support its capital investment and daily operations as well as provide sufficient resources to retire existing liabilities and obligations on a timely basis.  The Company faces considerable risk in its business plan and a potential shortfall of funding due the potential inability to raise additional capital in the equity securities market that it needs to implement its business plan.  If adequate operating capital and/or cash flows are not received during the next twelve months, the Company could become dormant until such time as necessary funds could be raised or provided as set forth in the Plan.

 

The Company anticipates future sales or issuances of equity securities to fulfill its business plan.  However, there is no assurance that the Company will be able to obtain additional funding through the sales of additional equity securities or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company.

 

The Company’s Articles of Incorporation authorize the issuance of up to 10,000,000 shares of preferred stock and 100,000,000 shares of common stock.  The Company’s ability to issue preferred stock may limit the Company’s ability to obtain debt or equity financing as well as impede potential takeover of the Company, which may be in the best interest of stockholders.  The Company’s ability to issue these authorized but unissued securities may also negatively impact our ability to raise additional capital through the sale of our debt or equity securities.

XML 46 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Components of Income Tax Expense Benefit As Follows (Details) (USD $)
12 Months Ended 77 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Components of Income Tax Expense Benefit As Follows      
Current $ 0 $ 0 $ 0
Deferred 0 0 0
Income Tax Expense Benefit Federal 0 0 0
Current 0 0 0
Deferred 0 0 0
Total Income Tax Expense Benefit State 0 0 0
Total income tax (benefit) expense $ 0 $ 0 $ 0
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Components of income tax (benefit) expense for each of the years (Tables)
12 Months Ended
Dec. 31, 2013
Components of income tax (benefit) expense for each of the years  
Components of income tax (benefit) expense for each of the years

The components of income tax (benefit) expense for each of the years ended December 31, 2013 and 2012 and for the period from August 1, 2007 (date of bankruptcy settlement) through December 31, 2013 are as follows:

 

 

 

 

 

 

 

 

 

Period from

 

 

 

 

 

 

 

 

 

August 1, 2007

 

 

 

 

 

 

 

 

 

(date of

 

 

 

 

 

 

 

 

 

bankruptcy

 

 

 

 

 

 

 

 

 

settlement)

 

 

 

Year ended

 

 

Year ended

 

 

through

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2013

 

 

2012

 

 

2013

 

Federal:

 

 

 

 

 

 

 

 

 

Current

 

$

-

 

 

$

-

 

 

$

-

 

Deferred

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

-

 

 

 

-

 

 

 

-

 

State:

 

 

 

 

 

 

 

 

 

 

 

 

Current

 

 

-

 

 

 

-

 

 

 

-

 

Deferred

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

-

 

 

$

-

 

 

$

-