"During the period ended March 31, 2008, the Company performed consulting services pursuant to contracts with 90 day terms for 8 companies for fees aggregating $828,000 of which $144,278 is recorded as deferred revenue and included in accounts payable and accrued expenses, for services to be performed at future dates. Substantially all of the revenue related to these services was derived from clients of the Company's primary lender NIR Group (See Note 6). These clients were referred to the Company either directly by NIR Group or by a third party."
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