BASIS OF PRESENTATION
The financial information included herein is unaudited and
has been prepared consistent with generally accepted accounting principles for interim financial information and with the instructions
to Form 10-Q and Article 8, Rule 8.03 of Regulation S-K. Accordingly, these financial statements do not include all information
required by generally accepted accounting principles for annual financial statements. These statements should be read in conjunction
with the audited financial statements and notes thereto included in the Company's annual report on Form 10-K for the year ended
December 31, 2011, from which the balance sheet information as of that date is derived. These interim financial statements contain
all adjustments necessary in the opinion of management for a fair statement of results for the interim periods presented.
The results of operations for the nine months ended
September 30, 2012 are not necessarily indicative of the results to be expected for the full year.