UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q

 

QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the Quarter ended June 30, 2012

 

Commission File Number: 0-50490

 

INNER SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

New York		11-3447096
(State of organization)		(I.R.S. Employer Identification No.)

 

1895 Byrd Drive

East Meadow, NY 11554

(Address of principal executive offices)

(516) 794-2179

Registrant’s telephone number, including area code

n/a

Former address if changed since last report

 

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

 

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

 

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

 

Large Accelerated Filer o

Accelerated Filer o

Non-Accelerated Filer o (Do not check if a smaller reporting company)

Smaller Reporting Company þ

 

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨

 

Securities registered under Section 12(g) of the Exchange Act:

 

Common Stock $.001 par value

 

There were 1,000,000 shares of common stock outstanding as of August 14, 2012.

 

 

TABLE OF CONTENTS

_________________

 

PART I - FINANCIAL INFORMATION
ITEM 1.	INTERIM FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION	8
ITEM 3	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	10
ITEM 4.	CONTROLS AND PROCEDURES	10
PART II - OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	11
ITEM 1A	RISK FACTORS	11
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES	11
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	11
ITEM 4.	(REMOVED AND RESERVED)	11
ITEM 5.	OTHER INFORMATION	12
ITEM 6.	EXHIBITS	12
SIGNATURES		13

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. INTERIM FINANCIAL STATEMENTS

 

Inner Systems, Inc.

(A Development Stage Company) 

Balance Sheets

 

		June 30, 2012 (unaudited)				December 31, 2011 (audited)
ASSETS
Current assets
Cash		$	403			$	403
Prepaid expenses			1000				1,000
Total current assets			1,403				1,403
TOTAL ASSETS		$	1,403			$	1,403
LIABILITIES & STOCKHOLDERS’ DEFICIT
Current liabilities
Accrued expenses		$	98,787			$	116,456
Notes payable			259,974				223,902
Total liabilities			358,911				340,358
Stockholders’ deficit
Preferred stock, par value $0.001, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively			—				—
Common stock, par value $0.001, 20,000,000 shares authorized, 1,000,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively			1,000				1,000
Additional paid-in capital			9,000				9,000
Deficit accumulated during the development stage			(367,313	)			(348,955	)
Total stockholders’ deficit			(357,313	)			(338,955	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT		$	1,403			$	1,403

 

The accompanying notes are an integral part of these financial statements

 

 

INNER SYSTEMS, INC.

(A Development Stage Company)

 

CONDENSED STATEMENTS OF OPERATIONS

(unaudited) 

 

		Three Months ended June 30								Six Months ended September 30,								Cumulative from August 9, 2000 (Inception) to June 30,
		2012				2011				2012				2011				2012
NET SALES		$	-			$	-			$	-			$	-			$	-
GENERAL AND ADMINISTRATIVE EXPENSES			4,571				4,789				11,590				9,707				277,831
INTEREST EXPENSE			3,419				3,374				6,768				6,711				79,482
IMPAIRMENT OF REORGANIZATION VALUE			-				-				-				-				10,000
NET LOSS		$	(7,990	)		$	(8,163	)		$	(18,358	)		$	(16,418	)		$	(367,313	)
PER SHARE INFORMATION
Basic and diluted, net loss per share		$	(.01	)		$	(.01	)		$	(.02	)		$	(.02	)
Basic and diluted, weighted average shares outstanding			1,000,000				1, 000, 000				1,000,000				1,000,000

 

The accompanying notes are an integral part of these financial statements

.

 

Inner Systems, Inc.

(A Development Stage Company) 

Statements of Cash Flows

(unaudited)

 

		Six Months ended June 30,								Cumulative from Inception (August 9, 2000) to June 30,
		2012				2011				2012
Cash flows relating to operating activities
Net loss		$	(18,358	)		$	(16,418	)		$	(367,313	)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment of reorganization value			—				—				10,000
Change in operating liabilities:
Increase (decrease) in accrued expenses			(17,714	)			18,418				98,742
Change in prepaid expenses			-				-				(1,000	)
Net cash used in operating activities			(36,072	)			-				(259,571	)
Cash flows relating to financing activities
Proceeds from notes payable			36,072				-				259,974
Net cash provided by financing activities			36,072				-				259,974
Increase (decrease) in cash			-				-				403
Cash, beginning of period			403				403				—
Cash, end of period		$	403			$	403			$	403
Supplemental disclosure of cash flow information
Cash paid during the period for interest		$	—			$	—
Cash paid during the period for income taxes		$	—			$	—

 

The accompanying notes are an integral part of these financial statements

 

 

INNER SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

 

NOTE 1-  SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

     

The accompanying financial statements have been prepared on substantially the same basis as the audited financial statements included in the Inner Systems, Inc. Annual Report on Form 10-K for the year ended December 31, 2011. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission (SEC) rules and regulations regarding interim financial statements. All amounts included herein related to the condensed financial statements as of June 30, 2012 and the three and six months ended June 30, 2012 and 2011 are unaudited and should be read in conjunction with the audited financial statements and the notes there to included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. In the opinion of management, the accompanying financial statements include all necessary adjustments for the fair presentation of the Company’s financial position, results of operations and cash flows. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the full fiscal year ending December 31, 2012. 

 

NOTE 2 - FORMATION, NATURE OF BUSINESS

 

Inner Systems, Inc. (the “Company”), a New York company, was organized in 1997. The Company was in the business of providing concession services. On May 21, 1999, the Company filed a voluntary petition for reorganization pursuant to Chapter 11 of the United States Bankruptcy Code. The petition was filed in the United States Bankruptcy Court for the Eastern District of New York and its plan of reorganization was confirmed on August 9, 2000 (“Inception” date).

 

Pursuant to the plan of reorganization, the Company sold its operations to an unrelated third party. Effective August 9, 2000, the Company entered the development stage and is seeking to raise capital to fund possible acquisitions. The Company is actively searching for acquisition targets. As of March 15, 2010, the Company had not identified any such targets.

 

The Company is dependent on advances from investors and lenders for continued funding. There are no commitments or guarantees from any third party to provide such funding nor is there any guarantee that the Company will be able to access the funding it requires to continue its operations. Through June 30, 2012, the Company has raised $259,974 from debt financing. During the quarter ended June 30, 2012, the Company received additional advances of $31,434. Additional funds will be necessary to continue operations. Although the Company intends to obtain either additional debt or equity financing, there can be no assurance that it will be successful in doing so.

 

NOTE 3 - GOING CONCERN

 

The accompanying financial statements contemplate continuation of the Company as a going concern. The Company is considered a development stage company, has not begun generating revenue, and has experienced recurring net operating losses. The Company had a net loss of $7,990 and $31,319 for the period ended June 30, 2012 and the year ended December 31, 2011, respectively, and a working capital deficiency of $357,313 at June 30, 2012. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

  

 

INNER SYSTEMS, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENTS

 

 

NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS

 

From time to time new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting.  The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

 

NOTE 5 - RELATED PARTY TRANSACTION

 

Through an oral agreement with the Company’s President, the Company is provided office space, phone usage, equipment rental and other office services. The Company has not been charged for these services as usage has been minimal.

 

NOTE 4 – NOTES PAYABLE

 

The Company financed operations through loans from various investors (the “Notes”). The Notes, which represent $259,974 in the aggregate at June 30, 2012, bear interest at the rate of 6% per annum and are generally due at the earlier of December 31, 2012, or a Change of Control Transaction (as defined in the Notes). Additionally, the Notes are only convertible when the Company consummates a Change of Control Transaction. The Notes are convertible at various rates ranging from $.005 to $.40 per share. Since the conversion feature in the Notes is contingent on a future event outside the control of the investors, the value of the contingent beneficial conversion feature will not be recognized until the contingency is resolved. At June 30, 2012, interest of $79,050 has been accrued. In the quarter ended June 30, 2012, the Company received an additional advance of $31,414. The Company expects that this advance will be converted into notes on the same terms as the existing notes.

 

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

 

The following discussion should be read in conjunction with our unaudited financial statements and the notes thereto.

 

Forward-Looking Statements

 

This Interim Report on Form 10-Q contains, in addition to historical information, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PLSRA”), Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) regarding Vycor Medical, Inc. (the “Company” or “Vycor,” also referred to as “us”, “we” or “our”). Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties. Forward-looking statements include statements regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategies, (c) anticipated trends in our industries, (d) our future financing plans and (e) our anticipated needs for working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plans,” “potential,” “projects,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend” or the negative of these words or other variations on these words or comparable terminology. These statements may be found under “Management's Discussion and Analysis of Financial Condition and Results of Operations” and “Description of Business,” as well as in this Form 10-Q generally. In particular, these include statements relating to future actions, prospective products or product approvals, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results.

 

Any or all of our forward-looking statements in this report may turn out to be inaccurate. They can be affected by inaccurate assumptions we might make or by known or unknown risks or uncertainties. Consequently, no forward-looking statement can be guaranteed. Actual future results may vary materially as a result of various factors, including, without limitation, the risks outlined under “Risk Factors” and matters described in this Form 10-Q generally. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to publicly update any forward-looking statements, whether as the result of new information, future events, or otherwise. We intend that all forward-looking statements be subject to the safe harbor provisions of the PSLRA. 

 

Plan of Operation

 

Overview

 

We are presently a shell company (as defined in Rule 12b-2 of the Exchange Act) whose plan of operation over the next twelve months is to seek and, if possible, acquire an operating business or valuable assets by entering into a business combination. We will not be restricted in our search for business combination candidates to any particular geographical area, industry or industry segment, and may enter into a combination with a private business engaged in any line of business, including service, finance, mining, manufacturing, real estate, oil and gas, distribution, transportation, medical, communications, high technology, biotechnology or any other. Management's discretion is, as a practical matter, unlimited in the selection of a combination candidate. Management will seek combination candidates in the United States and other countries, as available time and resources permit, through existing associations and by word of mouth. This plan of operation has been adopted in order to attempt to create value for our shareholders. For further information on our plan of operation and business, see PART I, Item 1 of our Annual Report on Form 10-K for the fiscal year ending 2009.

 

Inner Systems, Inc. (the “Company”) was incorporated under the laws of the State of New York on September 16, 1997. On August 7, 1998, Inner System Industries, Inc., a Texas corporation and the owner and operator of a food service and vending machine business, was merged with and into the Company. Thereafter, we owned and operated a food cafeteria, catering business and vending machine business from offices located in Commack, New York.

 

On May 21, 1999, the Company filed a voluntary petition for reorganization pursuant to Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of New York. We continued to operate our business as a debtor-in-possession. However, on or about August 25, 1999, we sold our assets to Culinart, Inc. Then, on August 9, 2000, the Bankruptcy Court approved our plan of reorganization (the “Plan”). The Plan stipulated payments of $395,000, the net proceeds from the sale of the assets, and the issuance of 1,000,000 shares to the holders of various claims. The interests of the pre-petition shareholders were extinguished and the 3,198,948 shares of common stock issued to the pre-petition shareholders were cancelled.

 

 

The Company’s current business plan is to seek, investigate, and, if warranted, acquire one or more properties or businesses, and to pursue other related activities intended to enhance shareholder value. The acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise, and may encompass assets or a business entity, such as a corporation, joint venture, or partnership. The Company has limited capital, and it is unlikely that the Company will be able to take advantage of more than one such business opportunity. The Company intends to seek opportunities demonstrating the potential of long-term growth as opposed to short-term earnings.

 

Liquidity and Capital Resources

 

In the quarter ended June 30, 2012, we financed operations through the accrual of accounts payable and loans from shareholders. Historically, we have financed operations through the sale of Senior Convertible Promissory Notes (the “Notes”). For the quarter ended June 30, 2012, we received $31,434 from the sale of Notes. As of June 30, 2012, there was $259,974 of Notes outstanding. The Notes carry interest at 6% and are due at the earliest of December 31, 2012 or a change of control transaction.

 

We currently rely on loan proceeds or proceeds from the sale of our securities to fund our operations. There is no assurance that we will be able to continue generating funds from loans by investors. We are seeking to acquire business entities that will generate cash from operations.

 

For the remainder of the fiscal year ending December 31, 2012, we anticipate incurring a loss as a result of continued expenses associated with compliance with the reporting requirements of the Exchange Act, and expenses associated with locating and evaluating acquisition candidates. We anticipate that until a business combination is completed with an acquisition candidate, it will not generate revenues. It may also continue to operate at a loss after completing a business combination, depending upon the performance of the acquired business.

 

Plan of Operations and Need for Additional Financing

 

During the remainder of the fiscal year ending December 31, 2012, we plan to continue with efforts to seek, investigate, and, if warranted, acquire one or more properties or businesses. We also plan to file all required periodic reports and to maintain our status as a fully-reporting company under the Exchange Act. In order to proceed with its plans for the next year, it is anticipated that we will require additional capital in order to meet its cash needs. These include the costs of compliance with the continuing reporting requirements of the Exchange Act as well as any costs we may incur in seeking business opportunities.

 

Based upon the company’s current cash reserves, the Company does not have adequate resource to meet its short term or long-term cash requirements. No specific commitments to provide additional funds have been made by management, the principal stockholders or other stockholders, and we have no current plans, proposals, arrangements or understandings with respect to the sale or issuance of additional securities prior to the location of a merger or acquisition candidate. Accordingly, there can be no assurance that any additional funds will be available to us to allow us to cover our expenses. As a result, these conditions raise substantial doubt about our ability to continue as a going concern.

 

Three Months Ended June 30, 2012 Compared to June 30, 2011

 

The following table summarizes the results of our operations during the three months ended June 30, 2012 and 2011, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the current 3-month period to the prior 3-month period:

 

Line Item		6/30/12 (unaudited)				6/30/2011 (unaudited)				Increase (Decrease)				Percentage Increase (Decrease)
Revenues			—				—				—				—
Operating expenses			4,571				4,789				(218	)			(4.6	)%
Net loss			7,990				8,163				(173	)			(2.1	)%
Loss per share of common stock		$	(0.01	)		$	(0.01	)			-				-

 

 

We recorded a net loss of $7,990 for the three months ended June 30, 2012 as compared with a net loss of $8,163 for the three months ended June 30, 2011. 

 

Six Months Ended June 30, 2012 Compared to June 30, 2011

 

The following table summarizes the results of our operations during the six months ended June 30, 2012 and 2011, respectively, and provides information regarding the dollar and percentage increase or (decrease) from the current 6-month period to the prior 6-month period:

 

Line Item		6/30/12 (unaudited)				6/30/2011 (unaudited)				Increase (Decrease)				Percentage Increase (Decrease)
Revenues			—				—				—				—
Operating expenses			11,590				9,707				1,883				19.4	%
Net loss			18,358				16,418				1,940				11.8	%
Loss per share of common stock		$	(0.02	)		$	(0.02	)			-				-

 

We recorded a net loss of $18,358 for the six months ended June 30, 2012 as compared with a net loss of $16,418 for the six months ended June 30, 2011. 

 

Off Balance Sheet Arrangements

 

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that are material to an investor in our securities.

 

Seasonality

 

Our operating results are not affected by seasonality.

 

Inflation

 

Our business and operating results are not affected in any material way by inflation.

 

Critical Accounting Policies

 

The Securities and Exchange Commission issued Financial Reporting Release No. 60, “Cautionary Advice Regarding Disclosure About Critical Accounting Policies” suggesting that companies provide additional disclosure and commentary on their most critical accounting policies. In Financial Reporting Release No. 60, the Securities and Exchange Commission has defined the most critical accounting policies as the ones that are most important to the portrayal of a company’s financial condition and operating results, and require management to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. The nature of our business generally does not call for the preparation or use of estimates other than with respect to the valuation allowance on its deferred tax assets as a result of the Company’s Net Operating Loss carry-forward. Due to the fact that the Company does not have any operating business, we do not believe that we do not have any such critical accounting policies.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

Item 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

 

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), as of June 30, 2012. Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are not effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that our disclosure and controls are not designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes.  

 

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results.  However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

 

Changes in Internal Control Over Financial Reporting

 

There have been no changes in our “internal control over financial reporting” (as defined in Rule 13a-15(f) under the Securities Exchange Act) that occurred during the period covered by this quarterly report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1.                   LEGAL PROCEEDINGS

 

There are no legal proceedings which are pending or have been threatened against us or any of our officers, directors or control persons of which management is aware.

 

ITEM 1A.                RISK FACTORS.

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item

 

ITEM 2.                   UNREGISTERED SALES OF EQUITY SECURITIES

 

Except as may have previously been disclosed on a current report on Form 8-K or a quarterly report on Form 10-Q, we have not sold any of our securities in a private placement transaction or otherwise during the past three years.

 

ITEM 3.                   DEFAULTS UPON SENIOR SECURITIES

 

Not applicable.

 

ITEM 4.                   (REMOVED AND RESERVED)

 

None.

 

 

ITEM 5.                   OTHER INFORMATION

 

None.

 

ITEM 6.                    EXHIBITS

 

Exhibit No.		Description
31.1		Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

SIGNATURES

 

In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

	INNER SYSTEMS, INC.
Date: August 13, 2012	By:	/s/ John M. Sharpe, Jr.
		John M. Sharpe, Jr.
		President

 

 

EXHIBIT INDEX

 

Exhibit No.		Description
31.1		Certification of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer furnished pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.