We have had a difficult year. We have suffered from the Russian economy as well because we sell a high proportion of our products there. The Russian economy has also caused slow payments from customers. Accounts Receivable higher than 90 days are also rising. The difficulties we have had with David Chappelle Farm Equipment (David Chappelle) were primarily due to that customer. We have steady business with David Chappelle, who is one of our key customers. We started receiving payments based on the most recent steel prices that it holds in its system, rather than the price on our invoice. Therefore, the company has underpaid our invoices, and we have spent a lot of time trying to find out what the problem is. There are a lot of small amounts that add up, and we now have $225,000 in the over-180-days category related to David Chappelle.

Please use IFRS when helping to diagnose CPA handbook analysis