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Concentrations of Credit Risk—The Company maintains cash balances with high credit quality financial institutions and by policy. limits the amount of ctuiit exposure to any one financial institution. While at times hank balances exceed federally insured limits, the Company believes such amounts are not in excess of operating requirements. At December 31.2009, the Company's uninsured cash balances totaled approximately 51,780,000. Accounts Receivable—The Company considers accounts receivable to be fully collectible;accordingly, no allowance for doubtful accounts is required. If amounts become uncollectible, they will be charged to operations when that determination is made. Property and Equipment—Propery and equipment is stated at cost less accumulated depreciation. Depreciation is recorded using the Modified Accelerated Cost Recovery System (MACRS) for both financial reporting and income tax purposes. Advertising—The Company expenses advertising costs as they are incurred. Advertising expense for the year ended December 31, 2009 was S17,452. Impairment of Long-Lived Assets—In accordance with SFAS No. 144,Accounting for Impairment or Disposal of Long-Lived Assets,the Company evaluates the carrying value of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. An impairment loss is recorded when the net book value of assets exceed their fair value,as measured by projected undiscounted future cash flows. The amount of impairment, if any, is measured using a fair value equal to the discounted future cash flows. No impairment charges were recorded during the year ended December 31, 2009. Subsequent Events—Subsequent events have been evaluated through April 16, 2010,which is the date the financial statements were available to be issued. Recent Accounting Pronouncements-Jn June 2009, the Financial Accounting Standards Board("FASB") issued SFAS No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles a replacement of FASB Statement No. 162("SFAS 168"). SFAS 168 will supersede existing non-SEC accounting and reporting standards. The codification will not change GAAP but will rather organize it into a new hierarchy with two levels: authoritative and non-authoritative. All authoritative G.&AP will carry equal weight and be organized in a topical structure. SFAS 168 is effective for interim and annual reporting periods ending after September 15,2009. The adoption of SFAS 168 did not have a material effect on the Company's financial condition. In May 2009• the FASB issued SFAS No. 165 Subsequent Events("SEAS 165"), SFAS 165 provides guidance on the reco=tuition of subsequent events and requires additional disclosure on the time period evaluated for such events. SFAS 165 is effective for interim and annual reponing periods ending after June 15.2009,and shall be applied prospectively. The adoption of SFAS 165 did not have a material effect on the Company's financial condition. • 6