| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SMOLIN FEES | 8,338 | 0 | 8,338 | |
| WTAS FEES | 36,600 | 0 | 36,600 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| COMPUTER | 2004-05-12 | 1,185 | 592 | 200DB | 5.000000000000 | 0 | 0 | ||
| PHONE & EQUIPMENT | 2004-01-14 | 1,224 | 612 | 200DB | 5.000000000000 | 0 | 0 | ||
| FURNITURE | 2006-06-30 | 7,170 | 6,625 | 200DB | 7.000000000000 | 545 | 0 | ||
| FURNITURE | 2006-08-17 | 11,200 | 7,701 | 200DB | 7.000000000000 | 1,000 | 0 | ||
| COMPUTER | 2008-06-25 | 568 | 148 | 200DB | 5.000000000000 | 55 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| SECURITIES - STOCKS | 3,354,422 | 3,433,165 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT FUNDS | AT COST | 2,202,355 | 2,873,460 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 1,185 | 1,185 | 0 | |
| PHONE & EQUIPMENT | 1,224 | 1,224 | 0 | |
| FURNITURE | 7,170 | 7,170 | 0 | |
| FURNITURE | 11,200 | 8,701 | 2,499 | 0 |
| COMPUTER | 568 | 487 | 81 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INCOME RECEIVABLE | 17 | 0 | 0 |
| REDEMPTION RECEIVABLE - FROM K-1 HORSEMAN GLOBAL FUND | 640,221 | 0 | 0 |
| Description | Amount |
|---|---|
| BASIS ADJUST FOR CARRYOVER BASIS OF SECURITIES RECEIVED | 333,329 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAG FEES | 10,848 | 10,848 | 0 | |
| PAYROLL PROCESSING FEES | 1,446 | 0 | 1,446 | |
| TELEPHONE | 2,344 | 0 | 2,344 | |
| POSTAGE | 809 | 0 | 809 | |
| INTERNET | 8,913 | 0 | 8,913 | |
| MEALS & ENTERTAINMENT | 1,557 | 0 | 1,557 | |
| BUSINESS EXPENSES | 1,500 | 0 | 1,500 | |
| OTHER EXPENSES | 47 | 0 | 47 | |
| INVESTMENT EXPENSE - PERSHING | 5,007 | 5,007 | 0 | |
| PORTFOLIO DEDUCTIONS - FROM K-1 POWERSHARES DB AGRICULTURE FUND | 52 | 52 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ENRON SECURITIES LITIGATION | 106 | 106 | 106 |
| QWEST LITIGATION | 56 | 56 | 56 |
| WORLDCOM VICTIMS FUND | 141 | 141 | 141 |
| ENRON SETTLEMENT CHECK | 157 | 157 | 157 |
| PRIOR YEAR OVERPAYMENT | 12,649 | 12,649 | |
| GOVERNMENT REFUND | 76 | 76 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL PAYABLE | 0 | 2,027 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,634 | 1,634 | 0 | |
| FEDERAL TAX | 12,649 | 0 | 0 |