| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 12,000 | 6,000 | 0 | 6,000 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| SOFTWARE | 2010-03-29 | 6,500 | 5,416 | 1,084 | 6,500 | |||
| SOFTWARE | 2011-04-12 | 1,579 | 789 | 526 | 1,315 |
| 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 | 2011-09-29 | 2,382 | 1,238 | 53 | 19.20 % | 457 | |||
| FURNITURE | 2011-10-12 | 1,656 | 643 | 57 | 17.49 % | 290 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMCAST CORP. | 135,022 | 135,198 |
| GE CAPITAL CORP. | 24,623 | 25,784 |
| GOLDMAN SACHS GROUP INC. | 50,082 | 52,230 |
| HOME DEPOT INC SR NOTES | 88,577 | 109,689 |
| ALLTEL CORP DEBENTURES | 100,184 | 112,193 |
| CATERPILLAR INC. | 97,481 | 111,489 |
| GE CAP CORP. | 177,497 | 227,520 |
| COMCAST CORP 5.00% | 100,000 | 82,560 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLE INC | 76,264 | 476,867 |
| AT&T | 303,523 | 404,867 |
| GENERAL ELECTRIC CO. | 82,598 | 127,256 |
| INTL BUSINESS MACHINES CORP. | 155,330 | 330,123 |
| JOHNSON & JOHNSON | 326,737 | 497,425 |
| NINTENDO CO LTD | 48,100 | 16,680 |
| PEPSICO INC. | 177,628 | 272,624 |
| PROCTER & GAMBLE | 353,109 | 464,200 |
| SOUTHERN CO. | 199,962 | 221,994 |
| UNITED TECHNOLOGIES CORP. | 93,521 | 170,700 |
| VERIZON COMMUNICATIONS | 249,356 | 426,535 |
| FANNIE MAE 8.25% SER T PFD | 100,000 | 40,360 |
| DUKE ENERGY CORP HLDING CO | 59,444 | 69,010 |
| FORD MOTOR CO | 211,627 | 293,170 |
| MC DONALDS CORP | 100,387 | 116,436 |
| FACEBOOK INC CL-A | 3,800 | 5,465 |
| HOSPITALITY PPTYS TR PFD-D | 250,000 | 231,300 |
| WELLS FARGO & COMPANY 6.625%-R | 125,000 | 128,600 |
| WELLS FARGO 5.85-Q FIXD-TO FLT | 125,000 | 117,850 |
| BB&T CORP 5.20%-G | 300,000 | 225,600 |
| PUBLIC STORAGE 5.20%-W | 250,000 | 188,500 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| POLARIS LP CLASS A | AT COST | 286,345 | 275,647 |
| ORION FUTURE FUND LP | AT COST | 359,152 | 361,305 |
| HEALTH CARE SEL SECT SPDR FD | AT COST | 106,741 | 194,040 |
| ISHARES INTERM CREDIT BD ETF | AT COST | 526,651 | 609,522 |
| ISHARES CHINA LARGE CAP ETF | AT COST | 130,972 | 126,161 |
| ISHARES NASDAQ BIOTECH FUND | AT COST | 88,242 | 272,472 |
| ISHARES S&P MIDCAP 400 INDEX | AT COST | 153,867 | 285,015 |
| PWRSHR WLDHILL CLEAN ENERGY | AT COST | 102,050 | 31,950 |
| VANGUARD FTSE EMRG MKTS ETF | AT COST | 100,303 | 102,850 |
| LORD ABBETT SHT DURATION INC F | AT COST | 510,527 | 506,833 |
| OPPENHEIMER DEVELOPING MKTS Y | AT COST | 459,421 | 498,694 |
| PIMCO UNCONSTRAINED BD A | AT COST | 314,999 | 311,949 |
| TEMPLETON GLOBAL BD FD ADV | AT COST | 1,086,321 | 1,112,390 |
| GAMCO NATURAL RES | AT COST | 243,820 | 125,250 |
| CLEARBRIDGE ENERGY MLP FD | AT COST | 224,849 | 340,250 |
| PIMCO ENHANCED SHORT MATURIT | AT COST | 499,872 | 498,494 |
| DELAWARE DIVERSE FLOATING RT A | AT COST | 100,000 | 100,116 |
| HIGHLAND LONG SHORT EQUITY A | AT COST | 368,690 | 359,999 |
| LORD ABBETT MULTI ASSET INC F | AT COST | 100,000 | 100,064 |
| THORNBURG INV INC BUILDER I | AT COST | 100,000 | 101,105 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 1,656 | 933 | 723 | 723 |
| Machinery and Equipment | 2,382 | 1,695 | 687 | 687 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INTEREST ON BONDS | 16,858 | 14,157 | 14,157 |
| Net Intangible Assets | 1,874 | 264 | 264 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Amortization | 1,610 | |||
| BANK CHARGES | 2,000 | 2,000 | ||
| BOOKS AND SUBSCRIPTIONS | 20 | 20 | ||
| EPTL FILING FEE | 250 | 250 | ||
| FINANCIAL ADVISORY FEES | 67,090 | 67,090 | ||
| MISC. EXPENSES | 145 | 145 | ||
| OFFICE EXPENSES | 1,257 | 1,257 | ||
| POSTAGE | 153 | 153 | ||
| TELEPHONE | 2,729 | 2,729 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Other Investment Income | 10 | 10 | 10 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAXES PAYABLE | 22 | 1,349 |
| CREDIT CARD PAYABLE | 21 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 1,280 | 0 | 0 | 1,280 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 3,802 | 3,802 | ||
| FOREIGN TAX | 2,291 | 2,291 | ||
| PAYROLL TAXES | 5,726 | 5,726 |