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TIMOTHY ROSE CONTRACTING , INC , <br /> NOTES TO FINANCIAL STATEMENTS <br /> DECEMBER 31 , 2007 <br /> NOTE 6 : RELATED PARTY TRANSACTIONS <br /> The Company leases its office facilities from the stockholder on a month <br /> to month basis . Rental expense totaled $ 12 , 700 in 2007 . <br /> NOTE 7 : MAJOR CONTRACTS <br /> For the year ended December 31 , 2007 , revenues from the largest five <br /> contracts represented 43 % of total sales . Of these contracts , the largest <br /> contract represented 10 % of total revenues . <br /> 9 <br />