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Notes to Consolidated Financial Statements 

Year ended December 31, 2011 

## 7. Equipment: 

Equipment consists of leasehold improvements, furniture and fixtures, and computer equipment. The amounts are net of accumulated depreciation of $137,234 (December 31, 2010 - $121,327). During the year ended December 31, 2011, the Corporation acquired assets with a cost of $12,979. 

## 8. Share capital: 

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