Financial Statement Disclosure Excerpts

a$.$ The company is subject to a variety of legal actions arising in the ordinary course of business, which are subject to uncertainties.

b$.$ The company carries its inventories at the lower of cost $($generally determined under the last$-$in$,$ first$-$out method$)$ or market.

c$.$ After year$-$end, but before the financial statements are released, the company entered into a new credit agreement that provides for a $$100,000$ unsecured credit line.

d$.$ Prior to year$-$end, the company agreed to lend $$200,000$ to one of its subsidiaries

e$.$ Property and equipment accounts are depreciated on a straight$-$line basis over their useful lives based on management's estimates.

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