RESULTS OF OPERATIONS
SIX MONTHS ENDED DECEMBER 31, 2010 ("2010 PERIOD") COMPARED TO SIX MONTHS ENDED DECEMBER 31, 2009 ("2009 PERIOD") AND THREE MONTHS ENDED DECEMBER 31, 2010 COMPARED TO THREE MONTHS ENDED DECEMBER 31, 2009.
INTEREST EXPENSE. Interest expense in the 2010 Period was $31,638 compared to $53,704 incurred during the 2009 Period. The decrease is due to lower amounts of principal outstanding during the respective periods.
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