<table>
<tbody><tr style="vertical-align: bottom; background-color: Silver">
    <td style="text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="text-align: center; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015</font></td><td style="text-align: center; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="text-align: center; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: center; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="text-align: center; vertical-align: bottom"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014</font></td><td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="width: 56%; text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net
    operating loss carry forwards</font></td><td style="width: 8%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td><td style="width: 12%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,601,000</font></td><td style="width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="width: 8%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td><td style="width: 12%; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,433,000</font></td><td style="width: 1%; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: bottom; background-color: Silver">
    <td style="text-align: justify; padding-bottom: 1pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred
    compensation</font></td><td style="padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">214,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">137,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred
    tax asset</font></td><td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,815,000</font></td><td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,570,000</font></td><td style="text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
<tr style="vertical-align: bottom; background-color: Silver">
    <td style="text-align: justify; padding-bottom: 1pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less:
    valuation allowance</font></td><td style="padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1,815,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</font></td><td style="padding-bottom: 1pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 1pt solid; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="border-bottom: Black 1pt solid; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1,570,000</font></td><td style="padding-bottom: 1pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: justify; padding-bottom: 2.5pt; text-indent: 0in"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred
    tax asset, net</font></td><td style="padding-bottom: 2.5pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-0-</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td><td style="padding-bottom: 2.5pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td>
    <td style="border-bottom: Black 2.5pt double; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</font></td><td style="border-bottom: Black 2.5pt double; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">-0-</font></td><td style="padding-bottom: 2.5pt; text-align: left"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></td></tr>
</tbody></table>
<table>
<tbody><tr>
<td><font> </font></td><td><font> </font></td>
<td><font> </font></td><td><font>2015</font></td><td><font> </font></td><td><font> </font></td>
<td><font> </font></td><td><font>2014</font></td><td><font> </font></td></tr>
<tr>
<td><font>Net
    operating loss carry forwards</font></td><td><font> </font></td>
<td><font>$</font></td><td><font>1,601,000</font></td><td><font> </font></td><td><font> </font></td>
<td><font>$</font></td><td><font>1,433,000</font></td><td><font> </font></td></tr>
<tr>
<td><font>Deferred
    compensation</font></td><td><font> </font></td>
<td><font> </font></td><td><font>214,000</font></td><td><font> </font></td><td><font> </font></td>
<td><font> </font></td><td><font>137,000</font></td><td><font> </font></td></tr>
<tr>
<td><font>Deferred
    tax asset</font></td><td><font> </font></td>
<td><font> </font></td><td><font>1,815,000</font></td><td><font> </font></td><td><font> </font></td>
<td><font> </font></td><td><font>1,570,000</font></td><td><font> </font></td></tr>
<tr>
<td><font>Less:
    valuation allowance</font></td><td><font> </font></td>
<td><font> </font></td><td><font>(1,815,000</font></td><td><font>)</font></td><td><font> </font></td>
<td><font> </font></td><td><font>(1,570,000</font></td><td><font>)</font></td></tr>
<tr>
<td><font>Deferred
    tax asset, net</font></td><td><font> </font></td>
<td><font>$</font></td><td><font>-0-</font></td><td><font> </font></td><td><font> </font></td>
<td><font>$</font></td><td><font>-0-</font></td><td><font> </font></td></tr>
</tbody></table>