NOTE 7 - CONCENTRATION OF CREDIT
We maintain our cash balances in financial
institutions that from time to time exceed amounts insured by the Federal Deposit Insurance Corporation (up to $250,000, per financial
institution as of September 30, 2012). As of September 30, 2012, our deposits did not exceed insured amounts. We have
not experienced any losses in such accounts and we believe we are not exposed to any significant credit risk on cash.