Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash $ 209,216 $ 225,056
Certificates of deposit 205,536 205,466
Accounts receivable, related party   19,390
Income tax receivable 7,891 7,891
Prepaid expenses and other assets 1,435 580
Property and equipment, net 9,261 11,588
Deferred tax asset 5,089 457
Total assets 438,428 470,428
Liabilities:    
Indebtedness to related parties 654 700
Accrued liabilities 6,370 18,500
Deferred tax liability      
Total liabilities 7,024 19,200
Shareholders' equity:    
Preferred stock, $.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding for 2014 and 2013      
Common stock, $.001 par value; 50,000,000 shares authorized, 9,106,250 shares issued and outstanding 2014 and 2013 9,106 9,106
Additional paid-in-capital 366,659 366,659
Retained earnings 55,639 75,463
Total shareholders' equity 431,404 451,228
Total liabilities and shareholders' equity $ 438,428 $ 470,428