----

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|  X        | Quarterly      Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of      1934. For the quarterly period ended March 31, 2008  or |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|        | Transition      Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of      1934. For the transition period from _________ to    _________. |
|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Delaware                                    |  94-1069729                     |
|---------------------------------------------------|--------------------------------------|
| (State      of incorporation)                     | (IRS      Employer Identification #) |
|  2064      Highway 116 North, Sebastopol, CA |  95472-2662                     |
| (Address      of principal executive offices)     | (Zip      Code)                      |

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TABLE OF CONTENTS

| PART I.      FINANCIAL INFORMATION                                                                                                                                                |                                                                                                                                                           | Page   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |
| Item      1.                                                                                                                                                                           | Condensed      Financial Statements                                                                                                                            |   |   |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |
|                                                                                                                                                                                   | Balance Sheets at  March 31, 2008 (unaudited)      and                                                                                                    |   |   |   |
|                                                                                                                                                                                   | June 30, 2007  . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . . . . . . . . . .         |   |   | 3 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Condensed Statements of Income – Nine and      three months ended                                                                                        |   |   |   |   |
|                                                                                                                                                                                   | March 31, 2008 and 2007      (unaudited)  . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . .                             |   |   | 4 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Statement of Changes in Shareholders’ Equity -                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Nine months ended March 31,      2008 (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . .      .                                                 |   |   | 5 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Statements of Cash Flows – Nine months      ended                                                                                                        |   |   |   |   |
|                                                                                                                                                                                   | March 31, 2008 and 2007      (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . .                                        |   |   | 6 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Notes to Condensed Financial Statements      (unaudited) . . . . . . . . . . . . . . . . . . . . . . .      .                                                  |   |   | 7 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      2.                                                                                                                                                                           | Management's Discussion and Analysis of      Financial Condition                                                                                               |   |   |   |   |
|                                                                                                                                                                                   | and Results of Operations . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . .                                |   |   | 13 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      3.                                                                                                                                                                           | Quantitative and Qualitative Disclosures About Market      Risk  . . . . . . . . . . . . . . . . . .                                                 |   |   | 16 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      4.                                                                                                                                                                           | Controls and Procedures   . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . .                |   |   | 16 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |
| PART II. OTHER      INFORMATION   . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . . . . .  |                                                                                                                                                           |   | 17     |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      1.                                                                                                                                                                           | Legal Proceedings  . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . .                |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      2.                                                                                                                                                                           | Unregistered Sales of Equity Securities and Use      of Proceeds  . . . . . . . . . . . . . . . . .    .                                             |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      3.                                                                                                                                                                           | Defaults Upon Senior      Securities  . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . . . . . . . .                          |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      4.                                                                                                                                                                           | Submission of Matters to a Vote of Security      Holders . . . . . . . . . . . . . . . . . . . . . . . .    .                                                  |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      5.                                                                                                                                                                           | Other Information  . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . .           |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
| Item      6.                                                                                                                                                                           | Exhibits      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...             |   |   | 17 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Signatures    . . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . . . . |   |   | 18 |   |
|                                                                                                                                                                                   |                                                                                                                                                           |   |   |   |   |
|                                                                                                                                                                                   | Exhibit Index  . . . . . . . . . . . .      . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .      . . . . . . . . . .       |   |   | 19 |   |

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Table ofContents
BALANCE SHEETS

|                                                                                                                                                                                             | March      31, 2008 (unaudited) |   | June      30, 2007 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|--------|--------------------|--------|
| ASSETS                                                                                                                                                                                           |                            |   |               |   |
| CURRENT      ASSETS:                                                                                                                                                                             |                            |   |               |   |
| Cash      and cash equivalents                                                                                                                                                                   | $                               | 4,916  |               | $      | 3,587 |   |
|           Marketable      securities, fair value                                                                                               |                            | 2,566  |               |   | 32,819 |   |
| Accounts      receivable                                                                                                                                                                         |                            | 5      |               |   | 39 |   |
| Other      receivables                                                                                                                                                                           |                            | 49     |               |   | 21 |   |
| Prepaid      income taxes                                                                                                                                                                        |                            | -      |               |   | 85 |   |
| Prepaid      expenses                                                                                                                                                                            |                            | 39     |               |   | 154 |   |
| Total      current assets                                                                                                                                                                        |                            | 7,575  |               |   | 36,705 |   |
|             RENTAL PROPERTY, net                                                                                                                                   |                            | 1,077  |               |   | 1,210 |   |
|             DEFERRED INCOME TAXES, net                                                                                                                             |                            | 246    |               |   | 222 |   |
|             PREPAID COMMISSIONS AND OTHER ASSETS                                                                                                                   |                            | 217    |               |   | 167 |   |
| Total      assets                                                                                                                                                                                | $                               | 9,115  |               | $      | 38,304 |   |
| LIABILITIES      AND SHAREHOLDERS’ EQUITY                                                                                                                                                  |                            |   |               |   |   |   |
| CURRENT      LIABILITIES:                                                                                                                                                                        |                            |   |               |   |   |   |
| Accounts      payable                                                                                                                                                                            | $                               | 129    |               | $      | 111 |   |
| Dividend      claims payable                                                                                                                                                                     |                            | 49     |               |   | - |   |
| Accrued      payroll and related liabilities                                                                                                                                                     |                            | 26     |               |   | 204 |   |
| Income      taxes payable                                                                                                                                                                        |                            | 5,432  |               |   | - |   |
| Accrued      expenses                                                                                                                                                                            |                            | 117    |               |   | 108 |   |
| Unearned      rents                                                                                                                                                                              |                            | 155    |               |   | 102 |   |
| Tenant      deposits                                                                                                                                                                             |                            | 439    |               |   | 376 |   |
| Deferred      income taxes, net                                                                                                                                                                  |                            | 463    |               |   | 12,023 |   |
| Total      current liabilities                                                                                                                                                                   |                            | 6,810  |               |   | 12,924 |   |
| SHAREHOLDERS’      EQUITY:                                                                                                                                                                 |                            |   |               |   |   |   |
| Preferred      stock: 2,500 shares authorized; no par value; no shares issued and      outstanding                                                                                               |                            | -      |               |   | - |   |
|          Common stock: 5,000 shares authorized, par value $0.0001; 1,240 and      1,188 shares issued and outstanding at March 31, 2008 and June 30, 2007,      respectively |                            | -      |               |   | 3,625 |   |
| Accumulated      other comprehensive income                                                                                                                                                      |                            | 1,324  |               |   | 18,301 |   |
| Retained      earnings                                                                                                                                                                           |                            | 981    |               |   | 3,454 |   |
| Total      shareholders’ equity                                                                                                                                                            |                            | 2,305  |               |   | 25,380 |   |
| Total      liabilities and shareholders’ equity                                                                                                                                            | $                               | 9,115  |               | $      | 38,304 |   |

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CONDENSED STATEMENTS OF INCOME

|                                                 |   | Nine      Months     |   |   | Three      Months    |   |
|------------------------------------------------------|--------|----------------------|--------|--------|----------------------|--------|
|                                                 |   | Ended      March 31, |   |   | Ended      March 31, |   |
|                                                 |   | 2008                 |   |   | 2007                 |   |   | 2008 |   |   | 2007 |   |
| RENTAL      REVENUE –NET                  |   | $                    | 2,052  |   |                 | $      | 1,876 |   |   | $ | 684 |   |   | $ | 629 |   |
| TENANT      REIMBURSEMENTS                           |   |                 | 409    |   |                 |   | 518 |   |   |   | 98 |   |   |   | 157 |   |
| TOTAL      REVENUE                                   |   |                 | 2,461  |   |                 |   | 2,394 |   |   |   | 782 |   |   |   | 786 |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| OPERATING      COSTS                                 |   |                 | 1,892  |   |                 |   | 1,919 |   |   |   | 526 |   |   |   | 576 |   |
| OPERATING      COSTS - RELATED PARTY EXPENSE         |   |                 | 6      |   |                 |   | 10 |   |   |   | 3 |   |   |   | 2 |   |
| TOTAL      OPERATING COSTS                           |   |                 | 1,898  |   |                 |   | 1,929 |   |   |   | 529 |   |   |   | 578 |   |
| OPERATING      INCOME                                |   |                 | 563    |   |                 |   | 465 |   |   |   | 253 |   |   |   | 208 |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST      EXPENSE                                |   |                 | (15    | )      |                 |   | (7 | ) |   |   | (15 | ) |   |   | - |   |
| INTEREST      INCOME                                 |   |                 | 125    |   |                 |   | 108 |   |   |   | 44 |   |   |   | 39 |   |
| LOSS      ON RETIREMENT OF RENTAL PROPERTY           |   |                 | (2     | )      |                 |   | - |   |   |   | - |   |   |   | - |   |
| GAIN      ON SALE OF INVESTMENTS                     |   |                 | 12,666 |   |                 |   | - |   |   |   | 12,666 |   |   |   | - |   |
| OTHER      INCOME (LOSS)                             |   |                 | 5      |   |                 |   | 2 |   |   |   | 2 |   |   |   | (1 | ) |
| INCOME      BEFORE TAXES                             |   |                 | 13,342 |   |                 |   | 568 |   |   |   | 12,950 |   |   |   | 246 |   |
| INCOME      TAX PROVISION                            |   |                 | 5,368  |   |                 |   | 230 |   |   |   | 5,199 |   |   |   | 98 |   |
| NET      INCOME                                      |   | $                    | 7,974  |   |                 | $      | 338 |   |   | $ | 7,751 |   |   | $ | 148 |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| WEIGHTED      AVERAGE COMMON SHARES AND EQUIVALENTS: |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                |   |                 | 1,208  |   |                 |   | 1,148 |   |   |   | 1,188 |   |   |   | 1,157 |   |
| Diluted                                              |   |                 | 1,209  |   |                 |   | 1,165 |   |   |   | 1,188 |   |   |   | 1,184 |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
| INCOME      PER COMMON SHARE:                        |
| Basic                                                |   | $                    | 6.60   |   |                 | $      | 0.29 |   |   | $ | 6.52 |   |   | $ | 0.13 |   |
| Diluted                                              |   | $                    | 6.60   |   |                 | $      | 0.29 |   |   | $ | 6.52 |   |   | $ | 0.13 |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |
|                                                 |   |                 |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |

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Table ofContents
STATEMENT OF CHANGES IN SHAREHOLDERS’EQUITY

|                                                                                                                                                                                                                                                                                                                                                                                                            |   | Common      Stock |    |   | Accumulated |   |    |                     |   |   |     |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|--------|-------------|--------|---------|--------------------------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                            |   |              |    |   |        |   |    | Other      Comprehensive |   |   | Retained |   |   | Total      Shareholders’ |   |
|                                                                                                                                                                                                                                                                                                                                                                                                            |   | Shares            |    |   | Amount      |   |    | Income                   |   |   | Earnings |   |   | Equity |   |
| BALANCE,      JUNE 30, 2007                                                                                                                                                                                                                                                                                                                                                                                     |   |              | 1,188   |   |        | $      | 3,625   |                     |   | $      | 18,301   |   |   | $ | 3,454 |   |   | $ | 25,380 |   |
|         Comprehensive      income:                                                                                                                                                                                                                                                                                                                                      |   |              |    |   |        |   |    |                     |   |   |     |   |   |   |   |   |   |   |   |   |
|         Net      Income                                                         |   |              | -  |   |        |   | -  |                     |   |   | -   |   |   |   | 7,974 |   |   |   | 7,974 |   |
| Other      comprehensive loss - Change in fair value on available -for- sale      securities, net of tax benefit ($11,240)                                                                                                                                                                                                                                                                                      |   |              | -       |   |        |   | -       |                     |   |   | (16,977  | )      |   |   | -  |   |   |   | (16,977 | ) |
|            Total comprehensive loss                                                                                                                                                                                                                                                                                                                                                    |   |              |    |   |        |   |    |                     |   |   |     |   |   |   |   |   |   |   | (9,003 | ) |
| Property      dividend                                                                                                                                                                                                                                                                                                                                                                                          |   |              | -       |   |        |   | (4,255  | )                        |   |   | -        |   |   |   | (10,447 | ) |   |   | (14,702 | ) |
| Stock      compensation expense                                                                                                                                                                                                                                                                                                                                                                                 |   |              | -       |   |        |   | 19      |                     |   |   | -        |   |   |   | - |   |   |   | 19 |   |
| Issuance      of common stock                                                                                                                                                                                                                                                                                                                                                                                   |   |              | 52      |   |        |   | 534     |                     |   |   | -        |   |   |   | - |   |   |   | 534 |   |
| Tax      benefit on exercise of options                                                                                                                                                                                                                                                                                                                                                                         |   |              | -       |   |        |   | 77      |                     |   |   | -        |   |   |   | - |   |   |   | 77 |   |
| BALANCE,      MARCH 31, 2008                                                                                                                                                                                                                                                                                                                                                                                    |   |              | 1,240   |   |        | $      | -       |                     |   | $      | 1,324    |   |   | $ | 981 |   |   | $ | 2,305 |   |

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STATEMENTS OF CASH FLOWS

|                                                                                                                                                                                                     |   | 2008   |                                                   |   | 2007   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------|--------|--------|--------|
| CASH      FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                               |   |   |                                                   |   |   |   |
|                Net income                                                                                                                                        |   | $      | 7,974                                                  |   |   | $      | 338 |   |
|            Adjustments to reconcile net income to net cash provided by      operating activities:                                                                                    |   |   |                                                   |   |   |   |   |   |
| Gain      on sale of investments                                                                                                                                                                         |   |   | (12,666                                                | )      |   |   | - |   |
| Loss      on retirement of rental property                                                                                                                                                               |   |   | 2                                                      |   |   |   | - |   |
| Stock      compensation expense                                                                                                                                                                          |   |   | 19                                                     |   |   |   | 106 |   |
| Depreciation      and amortization expense                                                                                                                                                               |   |   | 148                                                    |   |   |   | 160 |   |
| Deferred      income tax benefit                                                                                                                                                                         |   |   | (344)                                                  |   |   |   | 6 |   |
| Changes      in assets and liabilities:                                                                                                                                                                  |   |   |                                                   |   |   |   |   |   |
| Accounts      receivable                                                                                                                                                                                 |   |   | 34                                                     |   |   |   | - |   |
| Other      receivables                                                                                                                                                                                   |   |   | (28                                                    | )      |   |   | 5 |   |
| Prepaid      income taxes                                                                                                                                                                                |   |   | 85                                                     |   |   |   | 17 |   |
| Prepaid      expenses                                                                                                                                                                                    |   |   | 115                                                    |   |   |   | 95 |   |
| Prepaid      commissions and other assets                                                                                                                                                                |   |   | (50                                                    | )      |   |   | (3 | ) |
| Accounts      payable                                                                                                                                                                                    |   |   | 18                                                     |   |   |   | (149 | ) |
| Dividends      claims payable                                                                                                                                                                            |   |   | 49                                                     |   |   |   | - |   |
| Accrued      payroll and related liabilities                                                                                                                                                             |   |   | (178                                                   | )      |   |   | (60 | ) |
| Accrued      expenses                                                                                                                                                                               |   |   | 9                                                      |   |   |   | (110 | ) |
| Income      taxes payable                                                                                                                                                                                |   |   | 5,432                                                  |   |   |   | - |   |
| Unearned      rents                                                                                                                                                                                      |   |   | 53                                                     |   |   |   | 15 |   |
| Tenant      deposits                                                                                                                                                                                     |   |   | 63                                                     |   |   |   | 57 |   |
|                        Net      cash provided by  operating activities      |   |   | 735                                                    |   |   |   | 477 |   |
|                                                                                                                                                                                                     |   |   |                                                   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                                                                                                                                                               |   |   |                                                   |   |   |   |   |   |
|               Construction in progress                                                                                                                           |   |   | (17                                                    | )      |   |   | (10 | ) |
|                                 Net cash used for investing activities |   |   | (17                                                    | )      |   |   | (10 | ) |
|                                                                                                                                                                                                     |   |   |                                                   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                                                                                                                                                               |   |   |                                                   |   |   |   |   |   |
|        Principal      payments on debt                                                                                                                                |   |   | -                                                      |   |   |   | (1,552 | ) |
|        Tax      benefit from exercise of stock options                                                                                                                |   |   | 77                                                     |   |   |   | 145 |   |
|        Exercise      of stock options                                                                                                                                 |   |   | 534                                                    |   |   |   | 337 |   |
|                             Net cash provided by (used for) financing activities           |   |   | 611                                                    |   |   |   | (1,070 | ) |
| NET      INCREASE (DECREASE) IN CASH                                                                                                                                                                     |   |   | 1,329                                                  |   |   |   | (603 | ) |
|                                                                                                                                                                                                     |   |   |                                                   |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS AT BEGINNING OF PERIOD                                                                                                                                                    |   |   | 3,587                                                  |   |   |   | 3,851 |   |
| CASH      AND CASH EQUIVALENTS AT END OF PERIOD                                                                                                                                                          |   | $      | 4,916                                                  |   |   | $      | 3,248 |   |
|                                                                                                                                                                                                     |   |   |                                                   |   |   |   |   |   |
| Supplemental Cash Flow      Information                                                                                                                                                                  |   |
|                                                                                                                                                                                                     |   | 2008   |                                                   |   | 2007   |   |
| Property      Dividend                                                                                                                                                                                   |   | $      |         14,702 |   |   | $      | - |   |
| Interest      paid                                                                                                                                                                                       |   | $      | -                                                      |   |   | $      | 18 |   |
| Taxes      paid                                                                                                                                                                                          |   | $      | 117                                                    |   |   | $      | 63 |   |

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NOTES TO CONDENSED FINANCIALSTATEMENTS

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|                             |   | Options |    |   | Weighted      Average Exercise Price |   |   | Weighted      Average Remaining Contractual Years |   |   | Aggregate      Intrinsic Value (in thousands) |   |
|----------------------------------|--------|---------|---------|--------|--------------------------------------|--------|--------|---------------------------------------------------|--------|--------|-----------------------------------------------|--------|
| Balance,      June 30, 2007      |   |    | 57,000  |   |                                 | $      | 10.42  |                                              |   |   |                                          |   |   |   |
| Granted                          |   |    | -       |   |                                 |   | -      |                                              |   |   |                                          |   |   |   |
| Exercised                        |   |    | (52,000 | )      |                                 |   | 10.27  |                                              |   |   |                                          |   |   |   |
| Cancelled                        |   |    | -       |   |                                 |   | -      |                                              |   |   |                                          |   |   |   |
| Balance,      March 31, 2008     |   |    | 5,000   |   |                                 | $      | 13.05  |                                              |   |   | 8.71                                          |   |   | $ | 0 |   |
| Exercisable,      March 31, 2008 |   |    | 5,000   |   |                                 | $      | 13.05  |                                              |   |   | 8.71                                          |   |   | $ | 0 |   |

|                | Options      outstanding | Options      exercisable |
|---------------------|--------------------------|--------------------------|
|                |                     | Weighted-                |   |   |   |
|                |                     | average                  | Weighted- |   | Weighted- |
|                |                     | Remaining                | average |   | Average |
|                | Number of           | Contractual              | Exercise | Number of | Exercise |
| Exercise      Price | Shares                   | Life      (years)        | Price | Shares | Price |
| $13.05              | 5,000                    | 8.71                     | $13.05 | 5,000 | $13.05 |

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| Year      EndingJune      30, |   |  Amount |      |
|-------------------------------|--------|--------------|-----------|
| Balance      of 2008          |   | $            | 690,000   |   |
| 2009                          |   |         | 2,358,000 |   |
| 2010                          |   |         | 2,008,000 |   |
| 2011                          |   |         | 1,873,000 |   |
| 2012                          |   |         | 1,164,000 |   |
| Thereafter      through 2017  |   |         | 559,000   |   |
| Total                         |   | $            | 8,652,000 |   |

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Management's Discussion

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Table ofContents

Item 3. Quantitative and Qualitative Disclosures About MarketRisk

Item 4. Controls and Procedures

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Legal Proceedings

Unregistered Sales of Equity Securities and Use ofProceeds

 Defaults Upon SeniorSecurities

Submission of Matters to a Vote of SecurityHolders

Other Information

Exhibits

| 31.1 | Chief      Executive Officer and Chief Financial Officer Certification of Periodic      Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of      2002* |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Chief      Executive Officer and Chief Financial Officer Certification Pursuant to 18      U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 + |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table ofContents
SIGNATURES

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Table ofContents
|  EXHIBIT INDEX                                                                                                              |
|----------------------------------------------------------------------------------------------------------------------------------|
| Exhibit      No.                                                                                                                 | Document      Description |
| 31.1                                                                                                                        | Chief      Executive Officer and Chief Financial Officer Certification of Periodic      Financial Report Pursuant to Section 302 of the Sarbanes-Oxley Act of      2002* |
| 32.1                                                                                                                             | Chief      Executive Officer and Chief Financial Officer Certification Pursuant to 18      U.S.C. Section 1350, as adopted pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 + |
|  *      Filed      herewith +      Furnished      herewith |

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