The accounts of all of our wholly-owned subsidiaries are included
in the consolidation of these financial statements from the date of acquisition. All significant intercompany accounts and
transactions have been eliminated in consolidation. During the current quarter we have consolidated the joint venture as
discussed in note 9 below. The Company records net income attributable to non-controlling interest in the consolidated statements
of operations for any non-owned portion of its consolidated subsidiary. Non-controlling interest being accounted for in owners
equity on the consolidate balance sheet.