Describe the two parts of the SEC registration statement.

Part I (the prospectus) contains extensive information including: (i) financial statements audited by an independent CPA; (ii) an explanation of the intended use of the proceeds; (iii) a description of the risks associated with the securities; and (iv) a description of the business and the properties owned by the company. Part II is primarily for the informational needs of the SEC staff. The registrant is not required to provide this information to prospective buyers, although the registration statement is a public document. Part II includes information such as marketing arrangements, sales to special parties, and securities issue expenses.