| 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 |
|---|---|---|---|---|---|---|---|---|
| TRADEMARKS | 1998-05-28 | 18,436 | 17,924 | 15 | 512 | 18,436 |
| Person Name | Explanation |
|---|---|
| DAVID F WOODROW | |
| JOHN P PARK | |
| LYNDA WOODROW |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE | 1998-10-15 | 1,504 | 1,504 | S/L | 7.0000 | ||||
| DELL COMPUTER | 1998-11-15 | 4,071 | 4,071 | S/L | 5.0000 | ||||
| COMPUTER EQUIPMENT | 2006-06-30 | 2,945 | 2,945 | 200DB | 5.0000 | ||||
| FURNITURE AND EQUIPMENT | 2007-10-11 | 10,281 | 7,701 | S/L | 7.0000 | 1,469 | |||
| TELEPHONE SYSTEM | 2007-11-20 | 2,861 | 2,078 | S/L | 7.0000 | 409 | |||
| GOLLING EQUIPMENT | 2008-01-02 | 1,920 | 970 | S/L | 7.0000 | 137 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 82,018 | 56,609 | 25,409 |
| Item No. | 1 |
|---|---|
| Lender's Name | DAVID F WOODROW |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 176670 |
| Balance Due | 176670 |
| Date of Note | 2011-12 |
| Maturity Date | 2013-12 |
| Repayment Terms | DUE AT MATURITY |
| Interest Rate | |
| Security Provided by Borrower | UNSECURED |
| Purpose of Loan | PAY EXPENSES PRIOR TO 2013 INCOME |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TRADEMARKS | |||
| HOVAKINIAN PATENT |