11 Financial may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. 11 Financial’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. The things which are manufactured for selling purpose or bought for reselling purpose are known as goods or merchandise. Selling and administrative expenses for the year amounted to $110,000.