Common use of FAIR VALUE OF FINANCIAL INSTRUMENTS Clause in Contracts

FAIR VALUE OF FINANCIAL INSTRUMENTS. The Company's financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and amounts due to related parties. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from the financial instruments. The fair value of these financial instruments approximates their carrying value due to their short-term maturity or capacity of prompt liquidation.

FAIR VALUE OF FINANCIAL INSTRUMENTS. The Company's ’s financial instruments consist of cash and cash equivalents, accounts and notes receivable, accounts payable, other accrued expenses, loans payable to residents, notes payable to banks and amounts due to related parties. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from the financial instrumentsfinancing companies. The fair value carrying amount of these financial instruments approximates their carrying value due to their short-term maturity or capacity of prompt liquidationfair value.