First Real Estate Investment Trust of New Jersey, Inc.

First Real Estate Investment Trust of New Jersey, Inc.

FREVS
First Real Estate Investment Trust of New Jersey, Inc.US flagOther OTC
21.10
USD
-0.17
- -
157.88MMarket Cap

Income Statement (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
10/31/2011
10/31/2012
10/31/2013
10/31/2014
10/31/2015
10/31/2016
10/31/2017
10/31/2018
10/31/2019
10/31/2020
10/31/2021
10/31/2022
10/31/2023
10/31/2024
10/31/2025
Sales/Revenue/Turnover
43
45
41
42
45
46
52
58
60
53
50
31
28
29
29
+ Sales & Services Revenue
43
45
41
42
45
46
52
58
60
53
50
31
28
29
29
- Cost of Revenue
7
8
8
8
8
8
10
8
10
9
8
6
6
6
6
+ Cost of Goods & Services
7
8
8
8
8
8
10
8
10
9
8
6
6
6
6
Gross Profit
36
37
34
35
37
38
41
50
51
44
42
25
22
23
23
+ Other Operating Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Operating Expenses
18
18
18
20
22
24
29
30
30
28
29
18
15
15
14
+ Selling, General & Admin
2
2
2
2
2
2
2
3
3
2
2
1
1
1
1
+ Research & Development
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Operating Expense
16
16
17
18
20
22
27
28
28
26
27
17
14
14
13
Operating Income (Loss)
18
19
15
15
15
15
13
19
20
16
14
7
7
8
9
- Non-Operating (Income) Loss
11
15
12
12
12
11
2
18
18
-2
12
-62
8
-9
6
+ Interest Expense, Net
11
11
12
11
11
11
16
19
18
13
11
8
7
7
7
+ Interest Expense
11
11
12
11
11
11
16
19
18
13
11
8
7
7
7
- Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Non-Op (Income) Loss
1
5
- -
1
1
- -
-14
- -
- -
-15
1
-70
1
-16
-1
Pretax Income
6
4
4
3
3
3
11
1
2
17
1
69
-1
17
3
- Income Tax Expense (Benefit)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- (Income) Loss from Affiliates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Income (Loss) from Cont Ops
6
4
4
3
3
3
11
1
2
17
1
69
-1
17
3
- Net Extraordinary Losses (Gains)
2
-7
-3
-8
1
- -
-5
-1
- -
-6
- -
47
-3
2
-1
+ Discontinued Operations
- -
8
4
9
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Extraord. & Accounting Changes
2
-15
-8
-16
1
- -
-5
-1
- -
-6
- -
47
-3
2
-1
Income (Loss) Incl. MI
4
11
7
11
2
3
16
2
2
24
1
23
2
15
4
- Minority Interest
-1
-1
- -
-1
- -
- -
2
1
- -
3
- -
-23
1
-1
- -
Net Income, GAAP
5
11
7
12
3
3
13
1
2
21
1
46
1
16
4
- Preferred Dividends
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- Other Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income Avail to Common, GAAP
5
11
7
12
3
3
13
1
2
21
1
46
1
16
4
EBIT
18
19
15
15
15
15
13
19
20
16
14
7
7
8
9
EBITDA
24
26
22
22
22
23
25
33
33
28
24
12
11
11
13
EBITDA Margin (%)
57
58.07
53.86
52.54
49.95
50.54
48.81
56.21
55.3
52.73
48.63
38.67
38.66
38.92
43.4
EBITA
18
19
15
15
15
15
13
19
20
16
14
7
7
8
9
Gross Margin (%)
84.14
83.1
81.79
82.29
82.64
82.59
80.36
85.52
84.09
83.52
83.97
80.17
79.22
79.11
79.76
Operating Margin (%)
41.27
42.78
37.14
35.81
33.07
31.5
24.41
33.27
33.58
29.67
26.85
22.36
26.12
26.27
31.42
Profit Margin (%)
12.62
25.21
18.02
27.47
5.87
6.5
25.4
2.56
2.96
38.98
1.84
147.08
2.68
55.28
11.97
Sales per Employee
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.2
1.2
1.1
1.57
1.2
1.19
0.44
0.1
0.44
0.19
0.15
7.59
1.84
0.2
0.96
Depreciation Expense
7
7
7
7
8
9
13
13
13
12
11
5
4
4
4
Basic Weighted Avg Shares
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
Basic EPS, GAAP
0.77
1.64
1.07
1.69
0.39
0.44
1.92
0.22
0.26
2.94
0.13
6.52
0.1
2.13
0.47
Basic EPS from Cont Ops
0.9
0.58
0.52
0.5
0.43
0.46
1.56
0.14
0.26
2.48
0.15
9.81
-0.08
2.27
0.42
Diluted Weighted Avg Shares
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
Diluted EPS, GAAP
0.77
1.64
1.07
1.69
0.39
0.44
1.92
0.22
0.26
2.94
0.13
6.45
0.1
2.13
0.47
Diluted EPS from Cont Ops
0.9
0.58
0.52
0.5
0.43
0.46
1.56
0.14
0.26
2.48
0.15
9.71
-0.08
2.27
0.42

Balance Sheet (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
10/31/2011
10/31/2012
10/31/2013
10/31/2014
10/31/2015
10/31/2016
10/31/2017
10/31/2018
10/31/2019
10/31/2020
10/31/2021
10/31/2022
10/31/2023
10/31/2024
10/31/2025
Total Current Assets
20
23
19
23
25
23
20
34
52
49
48
58
40
46
38
+ Cash, Cash Equivalents & STI
6
11
8
11
14
13
10
22
38
57
55
50
37
44
36
+ Cash & Cash Equivalents
6
11
8
11
14
11
8
22
38
37
36
50
13
15
18
+ ST Investments
- -
- -
- -
- -
- -
2
2
- -
- -
20
19
- -
24
29
18
+ Accounts & Notes Receiv
9
10
10
11
10
10
11
10
11
11
11
2
1
1
1
+ Accounts Receivable, Net
1
7
7
6
5
4
5
5
6
6
5
2
1
1
1
+ Notes Receivable, Net
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Loans Receivable, Net
3
3
3
5
5
5
5
5
5
5
5
- -
- -
- -
- -
+ Other Receivable, Net
4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Raw Materials
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Work In Process
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Finished Goods
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Inventory Adjustments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Inventory
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Assets
5
2
1
2
2
- -
- -
2
2
-19
-18
7
2
1
1
+ Misc ST Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Prepaid Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Assets Held-for-Sale
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Noncurrent Assets
223
220
225
278
327
345
352
358
339
306
298
120
119
116
112
+ Property, Plant & Equip, Net
220
-63
12
50
101
-92
-101
- -
- -
1
1
1
1
1
1
+ Property, Plant & Equip
285
6
12
50
101
- -
- -
- -
- -
1
1
1
1
1
1
- Accumulated Depreciation
65
70
- -
- -
- -
93
101
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Investments & Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
20
19
19
18
18
17
+ LT Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
20
19
19
18
18
17
+ LT Receivables
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Assets
3
283
213
228
225
438
454
358
339
285
278
101
100
98
94
+ Total Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Goodwill
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Deferred Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ LT Derivative & Hedging Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Assets
3
283
213
228
225
438
454
358
339
285
278
101
100
98
94
Total Assets
243
242
244
302
352
368
373
392
391
355
346
179
159
162
150
+ Payables & Accruals
6
12
18
21
21
19
18
16
18
11
9
14
2
6
1
+ Accounts Payable
4
4
6
9
10
8
4
2
3
2
2
1
1
1
1
+ Accrued Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Interest & Dividends Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Payables & Accruals
2
8
12
11
11
11
14
14
15
9
6
13
- -
5
1
+ ST Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Borrowings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ ST Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other ST Liabilities
6
1
1
1
1
1
1
1
1
1
1
- -
1
1
1
+ Deferred Revenue
- -
1
1
1
1
1
1
1
1
1
1
- -
1
1
1
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc ST Liabilities
6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Current Liabilities
12
13
19
22
22
21
19
17
19
12
10
15
2
7
2
+ LT Debt
203
200
199
248
305
327
322
347
350
305
300
138
137
128
121
+ LT Borrowings
203
200
199
248
305
327
322
347
350
305
300
138
137
128
121
+ LT Finance Leases
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other LT Liabilities
6
2
2
2
4
5
3
3
6
7
4
1
1
1
1
+ Accrued Liabilities
3
7
8
9
9
9
9
8
8
3
- -
- -
- -
- -
- -
+ Pension Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Derivatives & Hedging
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Misc LT Liabilities
3
-4
-6
-7
-5
-4
-6
-5
-2
4
4
1
1
1
1
Total Noncurrent Liabilities
209
203
202
250
308
332
325
350
355
312
304
139
138
129
122
Total Liabilities
221
216
220
272
331
353
344
368
375
324
314
154
141
136
124
+ Preferred Equity and Hybrid Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Share Capital & APIC
25
50
25
25
26
53
55
28
29
28
26
31
32
32
32
+ Common Stock
- -
25
25
25
26
27
28
28
29
28
- -
- -
- -
- -
- -
+ Additional Paid in Capital
25
25
- -
- -
- -
27
28
- -
- -
- -
26
31
32
32
32
- Treasury Stock
1
1
1
3
6
5
5
5
4
3
- -
- -
- -
- -
- -
+ Retained Earnings
-10
-6
-10
-6
-12
-17
-5
-4
-7
14
13
-6
-9
1
1
+ Other Equity
- -
- -
1
- -
-1
-2
- -
3
-2
-4
-2
1
1
- -
- -
Equity Before Minority Interest
14
18
15
16
8
3
18
21
16
35
37
26
25
33
34
+ Minority/Non Controlling Interest
9
9
9
14
14
13
11
3
- -
-4
-5
-1
-6
-7
-8
Total Equity
23
26
24
30
21
15
29
24
16
31
32
25
18
26
26
Total Liabilities & Equity
243
242
244
302
352
368
373
392
391
355
346
179
159
162
150
Shares Outstanding
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
Number of Employees
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Leases - Total
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Debt
197
190
192
237
291
316
314
325
312
269
264
88
124
113
103
Net Debt to Equity
869.57
725.16
804.97
794.87
1,371.52
2,045.74
1,097.14
1,336.1
1,943.1
870.2
826.22
357.71
670.3
432.16
400.18
Tangible Common Equity Ratio
9.31
10.8
9.75
9.9
6.03
4.2
7.67
6.21
4.11
8.69
9.23
13.85
11.61
16.14
17.15
Current Ratio
1.73
1.68
1.03
1.07
1.13
1.1
1.06
1.96
2.69
4.15
4.82
4.02
17.24
6.78
16.68
Cash Conversion Cycle
-154.71
-162.76
-176.46
-314.59
-423.04
-387.37
-186.62
-92.51
-60.41
-71.7
-64.82
-67.69
-61.67
-50.18
-35.97

Cash Flow Statement (USD)

APIChatGPT
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
As of date
10/31/2011
10/31/2012
10/31/2013
10/31/2014
10/31/2015
10/31/2016
10/31/2017
10/31/2018
10/31/2019
10/31/2020
10/31/2021
10/31/2022
10/31/2023
10/31/2024
10/31/2025
+ Net Income
7
4
4
3
3
3
11
1
2
17
1
69
-1
17
3
+ Depreciation & Amortization
7
7
7
7
8
9
13
13
13
12
11
5
4
4
4
+ Non-Cash Items
- -
1
- -
- -
3
- -
-15
- -
- -
-18
1
-67
1
- -
- -
+ Stock-Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
+ Deferred Income Taxes
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Asset Impairment Charge
- -
4
- -
- -
1
- -
- -
- -
- -
8
- -
- -
- -
- -
- -
+ Other Non-Cash Adj
- -
-3
- -
- -
2
- -
-15
- -
- -
-26
1
-68
1
- -
-1
+ Chg in Non-Cash Work Cap
1
1
- -
1
-1
-4
-5
-2
- -
-7
-1
- -
-2
- -
- -
+ (Inc) Dec in Accts Receiv
- -
- -
- -
-1
-2
-1
-4
- -
-1
-2
- -
3
- -
- -
- -
+ (Inc) Dec in Inventories
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ (Inc) Dec in Prepaid Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
+ Inc (Dec) in Accts Payable
1
2
- -
2
- -
-3
-1
-2
- -
-5
-1
-1
-2
- -
- -
+ Inc (Dec) in Other
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
- -
- -
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Operating Activities
15
13
10
12
12
8
3
13
15
4
12
7
3
20
6
+ Change in Fixed & Intang
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Disp in Fixed & Intang
- -
- -
- -
- -
- -
- -
16
- -
7
- -
- -
- -
- -
- -
- -
+ Disp of Fixed Prod Assets
- -
- -
- -
- -
- -
- -
16
- -
7
- -
- -
- -
- -
- -
- -
+ Disp of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed & Intang
-3
-4
- -
- -
-49
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Fixed Prod Assets
-3
-4
- -
- -
-49
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Acq of Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash (Repurchase) of Equity
- -
- -
- -
-2
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Increase in Capital Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Decrease in Capital Stock
- -
- -
- -
-2
-2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Net Change in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-23
-5
12
+ Dec in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
15
41
60
+ Inc in LT Investment
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-38
-46
-48
+ Net Cash From Acq & Div
- -
10
4
-11
- -
- -
- -
-20
- -
-1
- -
- -
- -
- -
- -
+ Cash from Divestitures
- -
10
4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Cash for Acq of Subs
- -
- -
- -
-11
- -
- -
- -
-20
- -
-1
- -
- -
- -
- -
- -
+ Cash for JVs
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
+ Other Investing Activities
-1
-2
-7
-39
-4
-20
-10
-3
-4
-2
-2
250
-2
-1
- -
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Investing Activities
-4
4
-3
-50
-53
-20
6
-23
3
-3
-2
250
-25
-6
12
+ Dividends Paid
-8
-8
-8
-11
-8
-8
-3
-1
-3
-1
-1
-54
-14
-1
-7
+ Net Cash From Debt
-1
-3
-1
52
55
19
-1
27
2
2
-8
-165
-1
-9
-7
+ Cash From Debt
2
3
45
72
64
47
32
179
29
25
- -
33
26
- -
- -
+ Repayments of Debt
-3
-6
-46
-20
-9
-28
-33
-152
-27
-23
-8
-198
-27
-9
-7
+ Other Financing Activities
-1
-1
-2
2
-1
-1
-1
-11
-1
-4
-2
-19
-3
-2
-1
+ Net Cash From Disc Ops
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Cash from Financing Activities
-11
-13
-10
41
44
10
-5
15
-2
-4
-11
-238
-18
-13
-15
Effect of Foreign Exchange Rates
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Changes in Cash
- -
4
-3
3
3
-3
4
6
16
-3
- -
19
-40
1
2
EBITDA
24
26
22
22
22
23
25
33
33
28
24
12
11
11
13
EBITDA Margin (%)
57
58.07
53.86
52.54
49.95
50.54
48.81
56.21
55.3
52.73
48.63
38.67
38.66
38.92
43.4
Free Cash Flow
12
9
10
12
-37
8
3
13
15
4
12
7
3
20
6
Net Cash Paid for Acquisitions
- -
-10
-4
11
- -
- -
- -
20
- -
1
- -
- -
- -
- -
- -
Free Cash Flow to Firm
23
20
22
23
-26
19
19
32
33
17
23
15
- -
27
13
Free Cash Flow to Equity
11
6
9
64
18
27
18
40
24
6
4
-158
2
11
-1
Free Cash Flow per Basic Share
1.73
1.31
1.51
1.79
-5.39
1.19
0.51
1.91
2.11
0.56
1.74
1.04
0.36
2.7
0.84
Price/Free Cash Flow
8
6.99
11.6
10.31
2.16
17.3
30.15
8.16
8.18
23.75
11.21
16.48
43.89
6.47
16.08
Cash Flow to Net Income
2.75
1.16
1.41
1.06
4.58
2.68
0.27
8.88
8.21
0.19
13.18
0.16
3.53
1.27
1.78
Capital Expenditures
-3
-4
- -
- -
-49
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -