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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Recipes</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">4</font></div></td></tr>
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<div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer lists and other customer related intangibles</font></div></td>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7-10</font></div></td></tr>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7</font></div></td></tr>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Trade names</font></div></td>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">15</font></div></td></tr>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">10</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer relationships</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">12</font></div></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="90%">
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="35%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Buildings and improvements</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">31 and 39</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Machinery and equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 12</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Office equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 7</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Vehicles</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5</font></div></td></tr></table> </div>
18353494
17818532
17639613
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Treasury stock</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Treasury stock is recorded using the cost method.</font></div></div> </div>
5165
103272
91628
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Note 7 </font>–<font class="_mt" style="font-weight: bold; display: inline;"> ACCRUED EXPENSES</font></font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Accrued expenses consist of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accrued payroll and payroll taxes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">629,533</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">477,559</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">477,312</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accrued property tax</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,030</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">225,308</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Other</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,878,607</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">495,016</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">500,140</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,732,170</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,197,883</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,284,060</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div> </div>
6465801
6723179
6958999
11915981
10444839
10794866
294000
280000
273000
225308
306608
224030
462593
1197883
1284060
2732170
16045951
17107866
17491227
68776
7807
13134
2032516
2032516
2032516
<div> <div class="MetaData">
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Advertising and promotional costs</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company expenses advertising costs as incurred. For the three months ended March 31,2014 and 2013 total advertising expenses were $<font class="_mt">818,508</font> and $<font class="_mt">606,398</font>, respectively.</font> </div></div></div> </div>
606398
818508
1350000
1050000
1300000
177842
178919
58092455
63673801
65649904
24527701
24750821
26488309
1075363
2739957
237175
887380
99600
0
1075363
0
2739957
0
0
0
237175
0
887380
0
0
99600
0
0
925242
56841
3306608
15378
1072201
462096
0
925242
0
56841
0
0
3306608
0
0
0
15378
0
1072201
0
0
0
462096
0
930751
95873
2474708
0
1086861
677451
0
930751
0
95873
0
0
2474708
0
0
0
0
0
1086861
0
0
0
677451
0
2062343
99600
1075363
887380
2516380
56841
462096
925242
1072201
2790935
95874
677451
930750
1086860
1940615
100005
1070867
769743
2498934
54847
464585
973333
1006169
2764061
93313
654150
970138
1046460
2729
0
784
1945
6593
0
0
6593
0
12029
0
0
9618
2411
18125
405
8859
8861
97049
0
15449
49420
32180
81735
0
665
41820
39250
863644
99600
592264
171780
1150059
0
224125
712712
213222
1194865
0
82050
789001
323814
15396
405
8075
6916
90456
0
15449
42827
32180
69706
0
665
32202
36839
757558
99600
519549
138409
1053333
0
224125
615986
213222
968640
0
82050
584294
302296
106086
0
72715
33371
96726
0
0
96726
0
226225
0
0
204707
21518
66218
19651
1170271
554609
1882
14843
139853
0
13355
126498
114496
1994
12960
1329
98213
108610
2561
23966
2432
79651
18125
405
8859
8861
97050
0
15449
49420
32181
81736
0
665
41820
39251
3
<div> <div class="MetaData">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div><font style="font-size: 10pt; font-family: Times New Roman; display: inline;" class="_mt"><font style="text-decoration: underline; display: inline;" class="_mt">Basis of presentation</font></font></div>
<div><font style="font-size: 10pt; font-family: Times New Roman; display: inline;" class="_mt">The accompanying unaudited financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by general accepted accounting principles for complete financial statements. However, such information reflects all adjustments (consisting of normal recurring adjustments), which are, in the opinion of Management, necessary for fair statement of results for the interim periods. The unaudited consolidated financial statements contained in this Quarterly Report should be read in conjunction with the consolidated financial statements contained in our 2013 Annual Report on Form 10-K.</font></div></div></div> </div>
59205
347164
71921
2286226
2739957
3306608
2474708
453731
-831900
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Cash and cash equivalents</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">All highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company maintains cash deposits at several institutions located in the greater Chicago, Illinois and Philadelphia, Pennsylvania metropolitan areas.</font></div></div> </div>
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 11 – SUPPLEMENTAL CASH FLOW INFORMATION</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Cash paid for interest and income taxes are as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="33%" colspan="6"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" width="33%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Years Ended</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="33%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="15%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="15%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Interest</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">66,210</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">36,326</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Income taxes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,109,500</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,395,093</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div> </div>
250000
15373
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 9 – COMMITMENTS AND CONTINGENCIES</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The Company leases <font class="_mt">three</font> stores for its Starfruit subsidiary. Total expense for these leases was approximately $<font class="_mt">71,921</font>, $<font class="_mt">59,205</font> and $<font class="_mt">347,164</font> for the three months ended March 31, 2014, 2013 and for the year ended December 31, 2013, respectively. The Company is also responsible for additional rent equal to real estate taxes and other operating expenses. Future annual minimum base rental payments for the leases as of March 31, 2014 are approximately as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="center">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="15%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">44,469</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">45,802</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">47,176</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">48,591</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37,257</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">223,295</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div> </div>
0.07
0.08
0.08
40000000
40000000
40000000
17273776
17273776
17273776
17273776
17273776
17273776
17273776
16346017
16346017
16346017
16346017
16346017
16346017
16346017
6509267
6509267
6509267
2380825
665505
<div> <div class="MetaData">
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Customer Concentration</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Sales <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">predominately to companies in the retail food industry, located within the United States of America. Two major customers accounted for approximately <font class="_mt">30</font> percent and <font class="_mt">31</font> percent of gross sales for the three months ended March 31, 2014 and 2013, respectively. These customers accounted for approximately <font class="_mt">34</font> percent, <font class="_mt">36</font> percent and <font class="_mt">25</font> percent of accounts receivable as of March 31, 2014, March 31, 2013 and December 31, 2013,</font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> respectively</font>.</font></div></div><br /></div> </div>
<div> <div class="MetaData"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">
</font>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Principles of consolidation</font></font></div>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>The <font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Helios Nutrition, Ltd., Pride of Main Street, L.L.C., Starfruit, L.L.C., Fresh Made, Inc. and Starfruit Franchisor, L.L.C., </font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">Lifeway First Juice, Inc. (IL), First Juice, Inc. (DE) and Lifeway Wisconsin, Inc. Lifeway Wisconsin, Inc. was created to facilitate the operation of a production facility in Wisconsin. </font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">All significant intercompany accounts and transactions have been eliminated</font>. </div> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="15%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">44,469</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">45,802</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">47,176</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">48,591</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37,257</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">223,295</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
15797000
22065271
394125
383361
15402875
21681910
1176711
387290
1603282
531862
426571
144572
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 8 – NOTES PAYABLE</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Notes payable consist of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Private Bank in monthly installments of $<font class="_mt">42,222</font>, plus variable interest rate, currently at <font class="_mt">2.6677</font>%, with a balloon payment for the remaining balance. Collateralized by substantially all assets of the Company. In May 2013, the Company refinanced this note under similar terms which extended the maturity date to <font class="_mt">May 31, 2018</font>.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,732,222</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,238,889</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,858,889</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Line of credit with Private Bank at variable interest rate, currently at <font class="_mt">3.25</font>%. The agreement has been extended with terms allowing borrowings up to $<font class="_mt">5</font> million. Collateralized by substantially all assets of the Company and matures on <font class="_mt">May 31, 2014</font>.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Private Bank in monthly installments of $<font class="_mt">27,778</font>, plus variable interest rate, currently at <font class="_mt">2.6677</font>% with a balloon payment for the remaining balance, maturing on <font class="_mt">May 31, 2019</font>, collateralized by substantially all assets of the Company</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,833,333</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,916,667</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes payable to Ford Credit Corp. payable in monthly installments of $<font class="_mt">1,778.23</font> at <font class="_mt">5.99</font>%, due <font class="_mt">July 2015</font>, secured by transportation equipment.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">27,256</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">46,291</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">32,124</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Fletcher Jones of Chicago, Ltd LLC in monthly installments of $<font class="_mt">1,768.57</font> at <font class="_mt">6.653</font>%, due <font class="_mt">May 24, 2017</font>, secured by transportation equipment.</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">62,130</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">78,571</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">66,334</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total notes payable</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less current maturities</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">879,354</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">543,591</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">875,002</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total long-term portion</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">8,775,587</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,820,160</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">8,999,012</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">In accordance with the Private Bank agreements referenced above, the Company is subject to minimum fixed charged ratio and tangible net worth thresholds.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Maturities of notes payables are as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="center">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Period Ended March 31,</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="16%" colspan="3"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="15%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">879,354</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">865,918</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">860,212</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">843,902</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">6,205,555</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div> </div>
2014-05-31
2017-05-24
2019-05-31
2015-07-01
2018-05-31
1768.57
27778
1778.23
42222
-192090
-196401
108212
52632
50537
316028
307910
328300
-2613433
-2521355
-2329057
295701
322071
360110
32625
21750
43500
2909134
2843426
2689167
3017346
2896058
2739704
394125
383361
571967
562280
1307861
1307861
0.14
0.04
<div> <div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Earnings per common share</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Earnings per common share were computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. For the three months ended March 31, 2013 and 2012, diluted and basic earnings per share were the same, as the effect of dilutive securities options outstanding was not significant.</font></div></div> </div>
0.340
0.340
0.074
0.095
0.000
0.000
477559
477312
629533
<div> <div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of March 31, 2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,474,708</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,474,708</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,873</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,873</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,861</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,861</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of March 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,739,957</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,739,957</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">237,175</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">237,175</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of December 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,378</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,378</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); text-align: center; font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div></div> </div>
<div> <div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 12 – FAIR VALUE MEASUREMENTS</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Financial Accounting Standards Board ("FASB") <font class="_mt" style="font-style: italic; display: inline;">Accounting Standards Codification</font> ("ASC") 820, <font class="_mt" style="font-style: italic; display: inline;">Fair Value Measurements</font> <font class="_mt" style="font-style: italic; display: inline;">and Disclosures</font>, provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820 are described as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"><font class="_mt" style="font-weight: bold; font-style: italic; display: inline;">Level 1. </font>Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"><font class="_mt" style="font-weight: bold; font-style: italic; display: inline;">Level 2. </font>Inputs to the valuation methodology include the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="text-align: center;" valign="top" width="10%">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font></div></td>
<td valign="top" width="68%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Quoted prices for similar assets or liabilities in active markets;</font></div></td></tr>
<tr><td style="text-align: center;" valign="top" width="10%">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font></div></td>
<td valign="top" width="68%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Quoted prices for identical or similar assets or liabilities in inactive markets;</font></div></td></tr>
<tr><td style="text-align: center;" valign="top" width="10%">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font></div></td>
<td valign="top" width="68%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Inputs other than quoted prices that are observable for the asset or liability;</font></div></td></tr>
<tr><td style="text-align: center;" valign="top" width="10%">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font></div></td>
<td valign="top" width="68%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Inputs that are derived principally from or corroborated by observable market data by correlation or other means.</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"><font class="_mt" style="font-weight: bold; font-style: italic; display: inline;">Level 3. </font>Inputs to the valuation methodology are unobservable and significant to the fair value measurement.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used as of March 31, 2014 and 2013.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The majority of the Company's short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company's valuation of its Level 1 investments, which include mutual funds, is based on quoted market prices in active markets for identical securities. The Company's valuation of its Level 2 investments, which include certificates of deposits, is based on other observable inputs, specifically a valuation model which utilized vendor pricing for similar securities.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The following table sets forth by level, within the fair value hierarchy, the Company's financial assets at fair value for the as of March 31, 2014, 2013 and for the year ended December 31, 2013, respectively. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of March 31, 2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,474,708</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,474,708</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,873</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,873</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,861</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,861</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of March 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,739,957</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,739,957</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">237,175</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">237,175</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Assets and Liabilities at Fair Value as of December 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 1</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 2</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Level 3</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cash</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Certificate of Deposits</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,378</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,378</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Stocks</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes Payable</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); text-align: center; font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The Company's financial assets and liabilities also include accounts receivable, other receivables and, accounts payable for which carrying value approximates fair value. All such assets are valued using level 2 inputs.</font></div></div> </div>
4020598
2137640
292000
87200
43600
544222
915936
4555559
2474790
324850
87200
43600
596785
1028334
4734478
2587772
335800
87200
43600
614306
1065800
186962
715676
594856
671876
686476
715676
8306000
4504200
438000
87200
43600
985000
2248000
8306000
4504200
438000
87200
43600
985000
2248000
8306000
4504200
438000
87200
43600
985000
2248000
4285403
3750441
3571522
P10Y
P4Y
P12Y
P7Y
P15Y
P10Y
P7Y
64335
4808
1868100
2380631
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Intangible assets acquired in business combinations</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company accounts for intangible assets at historical cost. Intangible assets acquired in a business combination are recorded under the purchase method of accounting at their estimated fair values at the date of acquisition. Goodwill represents the excess purchase price over the fair value of the net tangible and other identifiable intangible assets acquired. Goodwill is not amortized, but is reviewed for impairment at least annually. Brand assets represent the fair value of brands acquired. Brand assets have an indefinite life and therefore are not amortized, rather are reviewed periodically for impairment. The Company amortizes other intangible assets over their estimated useful lives, as disclosed in the table below.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company reviews intangible assets and their related useful lives at least once per year to determine if any adverse conditions exist that would indicate the carrying value of these assets may not be recoverable. The Company conducts more frequent impairment assessments if certain conditions exist, including: a change in the competitive landscape, any internal decisions to pursue new or different strategies, a loss of a significant customer, or a significant change in the market place including changes in the prices paid for the Company's products or changes in the size of the market for the Company's products.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">If the estimate of an intangible asset's remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Intangible assets are being amortized over the following useful lives:</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div align="center">
<table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="90%">
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="35%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Recipes</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">4</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; text-align: left; margin-left: 0pt; border-right-color: ; margin-right: 0pt; text-indent: 0pt;" valign="top" width="35%">
<div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer lists and other customer related intangibles</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7-10</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Lease agreement</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Trade names</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">15</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Formula</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">10</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer relationships</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">12</font></div></td></tr></table></div>
<div style="display: block; text-indent: 0pt;"><br /></div></div> </div>
8590031
7066440
3776831
995639
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 10 – PROVISION FOR INCOME TAXES</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The provision for income taxes consists of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Three Months Ended</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Current:</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Federal</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">387,290</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,176,711</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">State and local</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">144,572</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">426,571</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total current</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">531,862</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,603,282</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Deferred</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(196,401)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(192,090)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Provision for income taxes</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">335,461</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,411,192</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">A reconciliation of the provision for income taxes and the income tax computed at the statutory rate is as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Three Months Ended</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Amount</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Percentage</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Amount</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Percentage</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Federal income tax expense computed at the statutory rate</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">338,517</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">34.0%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,284,123</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">34.0%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">State and local tax expense, net</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">94,586</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9.5%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">281,160</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7.4%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">U.S. domestic manufacturers' deduction & other permanent differences</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,642)</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(9.8%)</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(154,091)</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(4.0)%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Change in tax estimate</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0.0%</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Provision for income taxes</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">335,461</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">33.7%</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,411,192</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37.4%</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Amounts for deferred tax assets and liabilities are as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="6"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Non-current deferred tax assets (liabilities) arising from:</font></div>
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Temporary differences -</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font>
<div style="margin-left: 9pt; text-indent: -9pt;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accumulated depreciation and amortization </font>from purchase accounting adjustments</font></div></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,739,704</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(3,017,346</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,896,058</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Capital loss carry-forwards</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">50,537</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">108,212</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">52,632</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total non-current net deferred tax liabilities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,689,167</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,909,134</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,843,426</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Current deferred tax assets arising from:</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized losses (gain) on investments</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(11,690</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(52,952</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(7,589</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Inventory</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">328,300</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">316,028</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">307,910</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Allowance for doubtful accounts and discounts</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">43,500</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">32,625</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,750</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total current deferred tax assets</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">360,110</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">295,701</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">322,071</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Net deferred tax liability</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,329,057</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,613,433</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,521,355</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div><br /> </div>
1395093
2109500
84828
1014947
2580323
1411192
335461
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Income taxes</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Deferred income taxes are the result of temporary differences that arise from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The principal sources of temporary differences are different depreciation and amortization methods for financial statement and tax purposes, unrealized gains or losses related to investments, capitalization of indirect costs for tax purposes, purchase price adjustments, and the recognition of an allowance for doubtful accounts for financial statement purposes.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The only periods subject to examination for the Company's federal returns are the 2010, 2011 and 2012 tax years. The Company believes that its income tax filing positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position. Therefore, no reserves for uncertain income tax positions have been recorded.</font></div></div> </div>
1284123
338517
281160
94586
0
0
2209076
235820
3244063
468826
208282
42206
1448110
1565376
1141713
456876
-3660
-11644
-4311
-88468
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 3 – INTANGIBLE ASSETS</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Intangible assets, and the related accumulated amortization, consist of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%"> </td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"> </td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">March 31, 2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">March 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">December 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Recipes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Customer lists and other customer related intangibles</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,587,772</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,137,640</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,474,790</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Lease acquisition</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Customer relationship</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">614,306</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">544,222</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">596,785</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Trade names</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">1,065,800</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">915,936</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">1,028,334</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Formula</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">335,800</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">292,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">324,850</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,734,478</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,020,598</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,555,559</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Amortization expense is expected to be approximately the following for the 12 months ending March 31:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="center">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">715,676</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">715,676</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">686,476</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">671,876</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">594,856</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Thereafter</font></div></td>
<td style="padding-bottom: 2px;" valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">186,962</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="56%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="top" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,571,522</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Amortization expense during the three months ended March 31, 2014 and 2013 was $<font class="_mt">178,919</font> and $<font class="_mt">177,842</font>, respectively.</font></div> </div>
36299
65569
36326
66210
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 5 – INVENTORIES</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Inventories consist of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Finished goods</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,077,968</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,785,838</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,027,900</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Production supplies</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,125,476</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,025,400</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,690,097</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Raw materials</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,152,440</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,269,661</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,181,011</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total inventories</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7,355,884</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7,080,899</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">6,899,008</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div> </div>
2785838
3027900
3077968
7080899
6899008
7355884
<div> <div class="MetaData">
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Inventories</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Inventories are stated at the lower of cost or market. Our products are valued using the first in, first out method. The costs of inventories include raw materials, direct labor and indirect production and overhead costs.</font> </div></div></div> </div>
1269661
1181011
1152440
3025400
2690097
3125476
15009
28698
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 4 – INVESTMENTS</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The cost and fair value of investments classified as available for sale are as follows:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2014</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,046,460</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">79,651</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(39,251</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,860</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">93,313</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,561</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,874</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">654,150</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">23,966</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">970,138</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,432</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(41,820</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,750</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,764,061</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">108,610</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(81,736</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,790,935</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2013</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">769,743</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">126,498</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,861</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">100,005</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,070,867</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">13,355</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,859</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,940,615</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">139,853</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(18,125</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,062,343</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31, 2013</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,006,169</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">98,213</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,181</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">54,847</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,994</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">464,585</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12,960</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">973,333</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,329</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(49,420</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,498,934</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">114,496</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,050</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,516,380</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Proceeds from the sale of investments were $<font class="_mt">554,609</font> and $<font class="_mt">1,170,271</font>for the three months ended March 31, 2014 and 2013, respectively.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Gross gains of $<font class="_mt">19,651</font> and $<font class="_mt">66,218</font> and gross losses of $<font class="_mt">14,843</font> and $<font class="_mt">1,882</font> were realized on these sales during the three months ended March 31, 2014 and 2013, respectively.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The following table shows the gross unrealized losses and fair value of the Company's investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2014 and 2013 and at December 31, 2013:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: left; border-right-color: ;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2014</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">302,296</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(36,839</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,518</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,411</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">323,814</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(39,250</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">82,050</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">82,050</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">584,294</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,202</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">204,707</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(9,618</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">789,001</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(41,820</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">968,640</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(69,706</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">226,225</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(12,029</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,194,865</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(81,735</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%" border="0">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: left; border-right-color: ;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2013</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">138,409</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,916</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">33,371</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(1,945</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">171,780</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,861</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">519,549</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,075</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">72,715</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(784</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">592,264</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,859</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">757,558</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,396</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">106,086</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,729</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">863,644</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(18,125</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); text-align: center; font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;"> </td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: left; border-right-color: ;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31, 2013</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; text-align: center; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; text-align: center; border-right-color: ;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">213,222</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,180</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">213,222</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,180</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,125</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,125</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">615,986</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(42,827</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">96,726</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,593</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">712,712</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(49,420</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,053,333</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(90,456</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">96,726</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,593</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,150,059</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-top-color: ; border-bottom: black 3px double; border-left-color: ; border-right-color: ;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,049</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 4px; border-bottom-color: ; border-right-color: ;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Equities, Mutual Funds, Preferred Securities, and Corporate Bonds -<font class="_mt" style="font-weight: bold; display: inline;"> </font>The Company's investments in equity securities, mutual funds, preferred securities, and corporate bonds consist of investments in common stock, preferred stock and debt securities of companies in various industries. As of March 31, 2014, there were <font class="_mt">three</font> corporate bond securities that had unrealized losses greater than twelve months. The Company evaluated the near-term prospects of the issuer in relation to the severity and duration of the impairment. Based on that evaluation and the Company's ability and intent to hold these investments for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company did not consider any material investments to be other-than-temporarily impaired at March 31, 2014.</font></div> </div>
<div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">
</font>
<div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 13 – LITIGATION</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">The Company is named a party to lawsuits in the normal course of business. In the opinion of management, the resolution of these lawsuits will not have a material adverse effect on the Company's consolidated financial position or results of operations.</font></div></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div> </div>
16399162
20724679
22035277
58092455
63673801
65649904
8669868
8882241
10570523
5363751
0
5363751
0
9874014
0
9874014
0
9654941
0
9654941
0
5000000
5363751
0
78571
0
46291
5238889
9874014
0
66334
4916667
32124
4858889
9654941
0
62130
4833333
27256
4732222
543591
875002
879354
879354
6205555
843902
860212
865918
4820160
8999012
8775587
0.0325
0.06653
0.026677
0.0599
0.026677
4820160
8999012
8775587
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Investments</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">All investment securities are classified as available-for-sale and are carried at fair value. Unrealized gains and losses on available-for-sale securities are reported as a separate component of stockholders' equity. Amortization, accretion, interest and dividends, realized gains and losses, and declines in value judged to be other-than-temporary on available-for-sale securities are recorded in other income. All of the Company's securities are subject to a periodic impairment evaluation. This evaluation depends on the specific facts and circumstances. Factors that we consider in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for possible recovery in the market value of the investment.</font></div></div> </div>
<div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">
</font>
<div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 1 – NATURE OF BUSINESS</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Lifeway Foods, Inc. (the "Company" or "Lifeway") commenced operations in February 1986 and incorporated under the laws of the state of Illinois on May 19, 1986. The Company's principal business activity is the production of dairy products. Specifically, the Company produces Kefir, a drinkable product which is similar to but distinct from yogurt, in several flavors sold under the name "Lifeway's Kefir;" a plain farmer's cheese sold under the name "Lifeway's Farmer's Cheese;" a fruit sugar-flavored product similar in consistency to cream cheese sold under the name of "Sweet Kiss;" and a dairy beverage, similar to Kefir, with increased protein and calcium, sold under the name "Basics Plus." The Company also produces a vegetable-based seasoning under the name "Golden Zesta." The Company currently distributes its products throughout the Chicago Metropolitan area and various cities on the East Coast through local food stores. In addition, products are sold throughout the United States by distributors. The Company also distributes some of its products in London.</font></div></div></div> </div>
-135175
-219073
-225853
-1053089
814759
440262
2365639
2365639
4990298
4990298
660178
660178
543591
875002
879354
4859514
6039238
3730517
1027202
223295
44469
37257
48591
47176
45802
495016
500140
1878607
15185
15185
-45784
-45784
5327
5327
36349
2717
51535
8044
46314
-31563
-200000
-15000
1271516
814804
324608
807894
92827
128323
39855
1170271
554609
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 6 – PROPERTY AND EQUIPMENT</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Property and equipment consist of the following:</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Land</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,856,370</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,178,160</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,856,370</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Buildings and improvements</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,991,357</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">11,972,226</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,587,022</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Machinery and equipment</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">20,036,724</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,865,429</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">19,633,164</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Vehicles</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,244,560</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,350,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,244,560</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Office equipment</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">433,679</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">429,013</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">433,679</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Construction in process</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">177,519</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">167,775</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">177,519</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">38,740,209</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">30,963,211</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37,932,314</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less accumulated depreciation</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">17,491,227</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">16,045,951</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">17,107,866</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total property and equipment</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,248,982</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,917,260</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">20,824,448</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Lifeway completed the purchase of Golden Guernsey's assets on July 2, 2013. The cost was approximately $<font class="_mt">7.4</font> million and none of the purchased assets have been placed in service.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">Depreciation expense during the three months ended March 31, 2014 and 2013 was $<font class="_mt">383,361</font> and $<font class="_mt">394,125</font> respectively.</font></div> </div>
30963211
11972226
167775
1178160
15865429
429013
1350608
37932314
14587022
177519
1856370
19633164
433679
1244560
38740209
14991357
177519
1856370
20036724
433679
1244560
14917260
20824448
21248982
<div> <div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Property and equipment</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Purchased property and equipment are recorded at cost. Property and equipment is stated at depreciated cost or fair value where depreciated cost is not recoverable. Depreciation is computed using the straight-line method. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in income for the period. The cost of maintenance and repairs is charged to income as incurred; significant renewals and betterments are capitalized.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Property and equipment is being depreciated over the following useful lives:</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div align="center">
<table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="90%">
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="35%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Buildings and improvements</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">31 and 39</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Machinery and equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 12</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Office equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 7</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Vehicles</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5</font></div></td></tr></table></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"> </div></div> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Land</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,856,370</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,178,160</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,856,370</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Buildings and improvements</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,991,357</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">11,972,226</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,587,022</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Machinery and equipment</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">20,036,724</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">15,865,429</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">19,633,164</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Vehicles</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,244,560</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,350,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,244,560</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Office equipment</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">433,679</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">429,013</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">433,679</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Construction in process</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">177,519</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">167,775</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">177,519</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">38,740,209</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">30,963,211</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37,932,314</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less accumulated depreciation</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">17,491,227</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">16,045,951</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">17,107,866</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total property and equipment</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,248,982</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">14,917,260</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">20,824,448</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
P5Y
P39Y
P31Y
P12Y
P5Y
P7Y
P5Y
51819
126049
<div> <div class="MetaData">
<div>
<div><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Accounts receivable</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Credit terms are extended to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers' financial condition and generally requires no collateral. Balances expected to be paid beyond one year are classified as long-term.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Accounts receivable are recorded at invoice amounts, and reduced to their estimated net realizable value by recognition of an allowance for doubtful accounts and anticipated discounts. The Company's estimate of the allowances for doubtful accounts and anticipated discounts are based upon historical experience, its evaluation of the current status and contract terms of specific receivables, and unusual circumstances, if any. Accounts are considered past due if payment is not made on a timely basis in accordance with the Company's credit terms. Accounts considered uncollectible are charged against the allowance.</font></div></div></div> </div>
3269
500
135175
219073
41270416
42587214
43247392
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Revenue Recognition</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Sales of Company produced dairy products are recorded at the time of shipment and the following four criteria have been met: (i) The product has been shipped and the Company has no significant remaining obligations; (ii) Persuasive evidence of an agreement exists; (iii) The price to the buyer is fixed or determinable and (iv) Collection is probable. In addition, shipping costs invoiced to the customers are included in net sales and the related cost in cost of sales. Discounts and allowances are reported as a reduction of gross sales unless the allowance is attributable to an identifiable benefit separable from the purchase of the product, the value of which can be reasonably estimated, which would be charged to the appropriate expense account.</font></div></div> </div>
3203591
2929436
27590622
32061147
24387031
29131711
0.31
0.30
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accrued payroll and payroll taxes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">629,533</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">477,559</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">477,312</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accrued property tax</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,030</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">225,308</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">306,608</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Other</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,878,607</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">495,016</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">500,140</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,732,170</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,197,883</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,284,060</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left"><br />
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2014</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,046,460</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">79,651</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(39,251</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,086,860</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">93,313</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,561</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">95,874</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">654,150</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">23,966</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">677,451</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">970,138</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,432</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(41,820</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">930,750</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,764,061</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">108,610</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(81,736</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,790,935</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">769,743</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">126,498</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,861</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">887,380</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">100,005</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,070,867</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">13,355</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,859</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,075,363</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,940,615</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">139,853</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(18,125</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,062,343</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="border-bottom: black 2px solid;" valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31, 2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Gains</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair</font></div>
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Value</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,006,169</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">98,213</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,181</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,072,201</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">54,847</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,994</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">56,841</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">464,585</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12,960</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">462,096</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">973,333</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,329</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(49,420</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">925,242</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,498,934</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">114,496</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,050</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,516,380</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table></div><br /> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="33%" colspan="6"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" width="33%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Years Ended</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="33%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="15%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="15%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Interest</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">66,210</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">36,326</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Income taxes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,109,500</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,395,093</font></div></td>
<td valign="bottom" width="19%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Three Months Ended</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Current:</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Federal</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">387,290</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,176,711</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">State and local</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">144,572</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">426,571</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total current</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">531,862</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,603,282</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Deferred</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(196,401)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(192,090)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="64%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Provision for income taxes</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">335,461</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,411,192</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="6"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Non-current deferred tax assets (liabilities) arising from:</font></div>
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Temporary differences -</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font>
<div style="margin-left: 9pt; text-indent: -9pt;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Accumulated depreciation and amortization </font>from purchase accounting adjustments</font></div></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,739,704</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(3,017,346</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,896,058</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Capital loss carry-forwards</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">50,537</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">108,212</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">52,632</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total non-current net deferred tax liabilities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,689,167</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,909,134</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,843,426</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Current deferred tax assets arising from:</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized losses (gain) on investments</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(11,690</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(52,952</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(7,589</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Inventory</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">328,300</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">316,028</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">307,910</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Allowance for doubtful accounts and discounts</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">43,500</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">32,625</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,750</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total current deferred tax assets</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">360,110</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">295,701</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">322,071</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Net deferred tax liability</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,329,057</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,613,433</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,521,355</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Three Months Ended</font></div></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="14">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Amount</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Percentage</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Amount</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Percentage</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Federal income tax expense computed at the statutory rate</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">338,517</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">34.0%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,284,123</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">34.0%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">State and local tax expense, net</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">94,586</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9.5%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">281,160</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7.4%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">U.S. domestic manufacturers' deduction & other permanent differences</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,642)</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(9.8%)</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(154,091)</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(4.0)%</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Change in tax estimate</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0.0%</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="28%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Provision for income taxes</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">335,461</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">33.7%</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,411,192</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">37.4%</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font> </div></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">715,676</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">715,676</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">686,476</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">671,876</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">594,856</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="56%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Thereafter</font></div></td>
<td style="padding-bottom: 2px;" valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="top" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">186,962</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="56%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="top" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="top" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="12%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,571,522</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%"> </td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"> </td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">March 31, 2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">March 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">December 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Cost</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Accumulated Amortization</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Recipes</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">43,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Customer lists and other customer related intangibles</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,587,772</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,137,640</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,504,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,474,790</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Lease acquisition</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">87,200</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Customer relationship</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">614,306</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">544,222</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">985,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">596,785</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Trade names</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">1,065,800</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">915,936</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">2,248,000</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">1,028,334</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">Formula</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">335,800</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">292,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">438,000</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">324,850</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,734,478</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,020,598</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">8,306,000</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';">4,555,559</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman';"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Finished goods</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,077,968</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,785,838</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,027,900</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Production supplies</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,125,476</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">3,025,400</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2,690,097</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Raw materials</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,152,440</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,269,661</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,181,011</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total inventories</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7,355,884</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">7,080,899</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">6,899,008</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31,</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2014</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2013</font></div></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Private Bank in monthly installments of $<font class="_mt">42,222</font>, plus variable interest rate, currently at <font class="_mt">2.6677</font>%, with a balloon payment for the remaining balance. Collateralized by substantially all assets of the Company. In May 2013, the Company refinanced this note under similar terms which extended the maturity date to <font class="_mt">May 31, 2018</font>.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,732,222</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,238,889</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,858,889</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Line of credit with Private Bank at variable interest rate, currently at <font class="_mt">3.25</font>%. The agreement has been extended with terms allowing borrowings up to $<font class="_mt">5</font> million. Collateralized by substantially all assets of the Company and matures on <font class="_mt">May 31, 2014</font>.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Private Bank in monthly installments of $<font class="_mt">27,778</font>, plus variable interest rate, currently at <font class="_mt">2.6677</font>% with a balloon payment for the remaining balance, maturing on <font class="_mt">May 31, 2019</font>, collateralized by substantially all assets of the Company</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,833,333</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,916,667</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Notes payable to Ford Credit Corp. payable in monthly installments of $<font class="_mt">1,778.23</font> at <font class="_mt">5.99</font>%, due <font class="_mt">July 2015</font>, secured by transportation equipment.</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">27,256</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">46,291</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">32,124</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Note payable to Fletcher Jones of Chicago, Ltd LLC in monthly installments of $<font class="_mt">1,768.57</font> at <font class="_mt">6.653</font>%, due <font class="_mt">May 24, 2017</font>, secured by transportation equipment.</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">62,130</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">78,571</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">66,334</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total notes payable</font></div></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">5,363,751</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,874,014</font></td>
<td style="text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less current maturities</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">879,354</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">543,591</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">875,002</font></td>
<td style="padding-bottom: 2px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="46%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total long-term portion</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">8,775,587</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">4,820,160</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%" align="right"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></td>
<td style="border-bottom: black 3px double; text-align: right;" valign="bottom" width="14%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">8,999,012</font></td>
<td style="padding-bottom: 4px; text-align: left;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="80%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">For the Period Ended March 31,</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="16%" colspan="3"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="15%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2015</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">879,354</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2016</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">865,918</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2017</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">860,212</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2018</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">843,902</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">2019</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">6,205,555</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="82%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="14%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">9,654,941</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr></table> </div>
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;">Note 14 – RECENT ACCOUNTING PRONOUNCEMENTS</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">In February 2013, the Financial Accounting Standards Board ("FASB") amended the disclosure requirements regarding the reporting of amounts reclassified out of accumulated other comprehensive income. The amendment does not change the current requirement for reporting net income or other comprehensive income, but requires additional disclosures about items reclassified out of accumulated other comprehensive income, and the income statement line items impacted by the reclassifications. We adopted this standard effective January 1, 2013. Other than the additional disclosure requirements, the adoption of this standard did not have a material impact on our unaudited Consolidated Financial Statements.</font></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;">In July 2013, the FASB issued an Accounting Standards Update ("ASU") related to the presentation of unrecognized tax benefits. The update requires presentation of an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward in the statement of financial position. The guidance does not apply to the extent that a net operating loss carryforward or tax credit carryforward at the reporting date is not available under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position. The guidance is effective for fiscal years (and interim periods within those years) beginning after December 15, 2013. We do not expect the adoption of this standard to have a material impact on our Consolidated Financial Statements.</font></div> </div>
<div> <div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"><br /> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2014</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">302,296</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(36,839</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">21,518</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,411</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">323,814</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(39,250</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">82,050</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">82,050</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(665</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">584,294</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,202</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">204,707</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(9,618</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">789,001</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(41,820</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">968,640</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(69,706</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">226,225</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(12,029</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,194,865</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(81,735</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">March 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="10%" colspan="2"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">138,409</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,916</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">33,371</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(1,945</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">171,780</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,861</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">99,600</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(405</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">519,549</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,075</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">72,715</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(784</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">592,264</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(8,859</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">757,558</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,396</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">106,086</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(2,729</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">863,644</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(18,125</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); text-align: center; font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; display: inline;"> </font> </div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"><br /></div>
<div style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;" align="left">
<table style="font-size: 10pt; font-family: 'times new roman';" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Less Than 12 Months</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">12 Months or Greater</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="23%" colspan="6">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Total</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td style="border-bottom: black 2px solid; text-align: left;" valign="bottom" width="22%">
<div style="text-align: left;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">December 31, 2013</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Fair Value</font></div></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px; text-align: center;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid; text-align: center;" valign="bottom" width="10%" colspan="2">
<div style="text-align: center;"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Unrealized Losses</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Equities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">213,222</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,180</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">213,222</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(32,180</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Mutual Funds</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td></tr>
<tr><td valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Preferred Securities</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,125</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">0</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">224,125</font></div></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(15,449</font></div></td>
<td valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 2px;" valign="bottom" width="22%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">Corporate Bonds</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">615,986</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(42,827</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">96,726</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,593</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">712,712</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 2px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 2px solid;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(49,420</font></div></td>
<td style="padding-bottom: 2px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr>
<tr><td style="padding-bottom: 4px;" valign="bottom" width="22%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,053,333</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(90,456</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">96,726</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(6,593</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">1,150,059</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="padding-bottom: 4px;" valign="bottom" width="2%"><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;"> </font></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">$</font></div></td>
<td style="border-bottom: black 3px double;" valign="bottom" width="9%" align="right">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">(97,049</font></div></td>
<td style="padding-bottom: 4px;" valign="bottom" width="1%" align="left">
<div><font class="_mt" style="font-size: 10pt; font-family: 'times new roman'; display: inline;">)</font></div></td></tr></table></div><br /> </div>
2813572
3479688
2062343
2516380
2790935
<div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows:</font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font size="2" class="_mt">
</font>
<div class="MetaData">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div><font style="font-size: 10pt; font-family: Times New Roman; display: inline;" class="_mt"><font style="text-decoration: underline; display: inline;" class="_mt">Basis of presentation</font></font></div>
<div><font style="font-size: 10pt; font-family: Times New Roman; display: inline;" class="_mt">The accompanying unaudited financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by general accepted accounting principles for complete financial statements. However, such information reflects all adjustments (consisting of normal recurring adjustments), which are, in the opinion of Management, necessary for fair statement of results for the interim periods. The unaudited consolidated financial statements contained in this Quarterly Report should be read in conjunction with the consolidated financial statements contained in our 2013 Annual Report on Form 10-K.</font></div></div></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div>
<div style="display: block; text-indent: 0pt;">
<div>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><u><font size="2" class="_mt"> </font></u> </p></div>
<div>
<div class="MetaData"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">
</font>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Principles of consolidation</font></font></div>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>The <font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Helios Nutrition, Ltd., Pride of Main Street, L.L.C., Starfruit, L.L.C., Fresh Made, Inc. and Starfruit Franchisor, L.L.C., </font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">Lifeway First Juice, Inc. (IL), First Juice, Inc. (DE) and Lifeway Wisconsin, Inc. Lifeway Wisconsin, Inc. was created to facilitate the operation of a production facility in Wisconsin. </font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;">All significant intercompany accounts and transactions have been eliminated</font>. </div></div></div>
<div style="display: block; text-indent: 0pt;">
<div style="display: block; text-indent: 0pt;"><br /></div>
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Use of estimates</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made in preparing the consolidated financial statements include the allowance for doubtful accounts, the valuation of investment securities, the valuation of goodwill, intangible assets, and deferred taxes.</font></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font></div><br /></div>
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Revenue Recognition</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Sales of Company produced dairy products are recorded at the time of shipment and the following four criteria have been met: (i) The product has been shipped and the Company has no significant remaining obligations; (ii) Persuasive evidence of an agreement exists; (iii) The price to the buyer is fixed or determinable and (iv) Collection is probable. In addition, shipping costs invoiced to the customers are included in net sales and the related cost in cost of sales. Discounts and allowances are reported as a reduction of gross sales unless the allowance is attributable to an identifiable benefit separable from the purchase of the product, the value of which can be reasonably estimated, which would be charged to the appropriate expense account.</font></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font></div><br />
<div class="MetaData">
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Customer Concentration</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Sales <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">predominately to companies in the retail food industry, located within the United States of America. Two major customers accounted for approximately <font class="_mt">30</font> percent and <font class="_mt">31</font> percent of gross sales for the three months ended March 31, 2014 and 2013, respectively. These customers accounted for approximately <font class="_mt">34</font> percent, <font class="_mt">36</font> percent and <font class="_mt">25</font> percent of accounts receivable as of March 31, 2014, March 31, 2013 and December 31, 2013,</font><font class="_mt" style="white-space: normal; word-spacing: 0px; text-transform: none; float: none; color: rgb(0,0,0); font: 13px 'Times New Roman'; display: inline !important; letter-spacing: normal; background-color: rgb(255,255,255); text-indent: 0px; -webkit-text-stroke-width: 0px;"> respectively</font>.</font></div></div><br /></div></div>
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Cash and cash equivalents</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">All highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.</font></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company maintains cash deposits at several institutions located in the greater Chicago, Illinois and Philadelphia, Pennsylvania metropolitan areas.</font></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font></div><br /></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Investments</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">All investment securities are classified as available-for-sale and are carried at fair value. Unrealized gains and losses on available-for-sale securities are reported as a separate component of stockholders' equity. Amortization, accretion, interest and dividends, realized gains and losses, and declines in value judged to be other-than-temporary on available-for-sale securities are recorded in other income. All of the Company's securities are subject to a periodic impairment evaluation. This evaluation depends on the specific facts and circumstances. Factors that we consider in determining whether an other-than-temporary decline in value has occurred include: the market value of the security in relation to its cost basis; the financial condition of the investee; and the intent and ability to retain the investment for a sufficient period of time to allow for possible recovery in the market value of the investment.</font></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font></div><br />
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<div><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Accounts receivable</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Credit terms are extended to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers' financial condition and generally requires no collateral. Balances expected to be paid beyond one year are classified as long-term.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Accounts receivable are recorded at invoice amounts, and reduced to their estimated net realizable value by recognition of an allowance for doubtful accounts and anticipated discounts. The Company's estimate of the allowances for doubtful accounts and anticipated discounts are based upon historical experience, its evaluation of the current status and contract terms of specific receivables, and unusual circumstances, if any. Accounts are considered past due if payment is not made on a timely basis in accordance with the Company's credit terms. Accounts considered uncollectible are charged against the allowance.</font></div></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">
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<div style="display: block; text-indent: 0pt;"><br />
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Inventories</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Inventories are stated at the lower of cost or market. Our products are valued using the first in, first out method. The costs of inventories include raw materials, direct labor and indirect production and overhead costs.</font> </div></div></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Property and equipment</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Purchased property and equipment are recorded at cost. Property and equipment is stated at depreciated cost or fair value where depreciated cost is not recoverable. Depreciation is computed using the straight-line method. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is recognized in income for the period. The cost of maintenance and repairs is charged to income as incurred; significant renewals and betterments are capitalized.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Property and equipment is being depreciated over the following useful lives:</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div align="center">
<table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="90%">
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="35%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Buildings and improvements</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">31 and 39</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Machinery and equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 12</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Office equipment</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5 – 7</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Vehicles</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">5</font></div></td></tr></table></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"> </div></div></div></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;"> </font> </div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;"> </font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Intangible assets acquired in business combinations</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company accounts for intangible assets at historical cost. Intangible assets acquired in a business combination are recorded under the purchase method of accounting at their estimated fair values at the date of acquisition. Goodwill represents the excess purchase price over the fair value of the net tangible and other identifiable intangible assets acquired. Goodwill is not amortized, but is reviewed for impairment at least annually. Brand assets represent the fair value of brands acquired. Brand assets have an indefinite life and therefore are not amortized, rather are reviewed periodically for impairment. The Company amortizes other intangible assets over their estimated useful lives, as disclosed in the table below.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company reviews intangible assets and their related useful lives at least once per year to determine if any adverse conditions exist that would indicate the carrying value of these assets may not be recoverable. The Company conducts more frequent impairment assessments if certain conditions exist, including: a change in the competitive landscape, any internal decisions to pursue new or different strategies, a loss of a significant customer, or a significant change in the market place including changes in the prices paid for the Company's products or changes in the size of the market for the Company's products.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">If the estimate of an intangible asset's remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Intangible assets are being amortized over the following useful lives:</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div align="center">
<table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="90%">
<tr><td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="35%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Category</font></div></td>
<td style="border-top-color: ; border-left-color: ; padding-bottom: 2px; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-bottom: black 2px solid; border-left-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Years</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Recipes</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">4</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; text-align: left; margin-left: 0pt; border-right-color: ; margin-right: 0pt; text-indent: 0pt;" valign="top" width="35%">
<div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer lists and other customer related intangibles</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="bottom" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7-10</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Lease agreement</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">7</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Trade names</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">15</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Formula</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">10</font></div></td></tr>
<tr><td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="35%" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">Customer relationships</font></div></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="9%"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;"> </font></td>
<td style="border-top-color: ; border-left-color: ; border-bottom-color: ; border-right-color: ;" valign="top" width="23%">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: times new roman; display: inline;">12</font></div></td></tr></table></div>
<div style="display: block; text-indent: 0pt;"><br /></div></div>
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Income taxes</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Deferred income taxes are the result of temporary differences that arise from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of the assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The principal sources of temporary differences are different depreciation and amortization methods for financial statement and tax purposes, unrealized gains or losses related to investments, capitalization of indirect costs for tax purposes, purchase price adjustments, and the recognition of an allowance for doubtful accounts for financial statement purposes.</font></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, as well as all open tax years in these jurisdictions. The only periods subject to examination for the Company's federal returns are the 2010, 2011 and 2012 tax years. The Company believes that its income tax filing positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position. Therefore, no reserves for uncertain income tax positions have been recorded.</font></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"> </div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Treasury stock</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Treasury stock is recorded using the cost method.</font></div></div>
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<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Advertising and promotional costs</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Company expenses advertising costs as incurred. For the three months ended March 31,2014 and 2013 total advertising expenses were $<font class="_mt">818,508</font> and $<font class="_mt">606,398</font>, respectively.</font> </div></div></div></div>
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<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Earnings per common share</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Earnings per common share were computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. For the three months ended March 31, 2013 and 2012, diluted and basic earnings per share were the same, as the effect of dilutive securities options outstanding was not significant.</font></div></div></div></div></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left">
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font></div><br />
<div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"> </font> </div></div></div>
<div style="display: block; text-indent: 0pt;"><br /></div>
<div> </div>
<div> </div></div> </div>
7400000
39312469
53591
2032516
6509267
38904777
-8187682
41693293
68776
2032516
6509267
41270416
-8187682
42949122
7807
2032516
6509267
42587214
-8187682
43614627
13134
2032516
6509267
43247392
-8187682
927759
927759
927759
927759
8187682
8187682
8187682
<div> <div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="text-decoration: underline; display: inline;">Use of estimates</font></font></div>
<div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made in preparing the consolidated financial statements include the allowance for doubtful accounts, the valuation of investment securities, the valuation of goodwill, intangible assets, and deferred taxes.</font></div></div> </div>
16346017
16346017