| 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 | 2011-04-12 | 1,579 | 1,315 | 264 | 1,579 |
| 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 | 1,695 | 200DB | 11.52 % | 274 | |||
| FURNITURE | 2011-10-12 | 1,656 | 933 | 200DB | 12.49 % | 207 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMCAST CORP. | ||
| GE CAPITAL CORP. | ||
| GOLDMAN SACHS GROUP INC. | 50,003 | 50,064 |
| HOME DEPOT INC SR NOTES | 88,577 | 105,531 |
| ALLTEL CORP DEBENTURES | ||
| CATERPILLAR INC. | 97,481 | 107,880 |
| GE CAP CORP. | 177,497 | 222,010 |
| COMCAST CORP 5.00% |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLE INC | 76,264 | 656,761 |
| AT&T | 303,523 | 386,789 |
| GENERAL ELECTRIC CO. | 82,598 | 114,726 |
| INTL BUSINESS MACHINES CORP. | 155,330 | 282,374 |
| JOHNSON & JOHNSON | 326,737 | 567,920 |
| NINTENDO CO LTD | ||
| PEPSICO INC. | 177,628 | 310,819 |
| PROCTER & GAMBLE | 353,109 | 519,395 |
| SOUTHERN CO. | 199,962 | 265,194 |
| UNITED TECHNOLOGIES CORP. | 93,521 | 172,500 |
| VERIZON COMMUNICATIONS | 249,356 | 406,050 |
| FANNIE MAE 8.25% SER T PFD | ||
| DUKE ENERGY CORP HLDING CO | 59,444 | 83,540 |
| FORD MOTOR CO | 211,627 | 294,500 |
| MC DONALDS CORP | 100,387 | 112,440 |
| FACEBOOK INC CL-A | 3,800 | 7,802 |
| HOSPITALITY PPTYS TR PFD-D | ||
| WELLS FARGO & COMPANY 6.625%-R | ||
| WELLS FARGO 5.85-Q FIXD-TO FLT | ||
| BB&T CORP 5.20%-G | ||
| PUBLIC STORAGE 5.20%-W |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| POLARIS LP CLASS A | AT COST | ||
| ORION FUTURE FUND LP | AT COST | ||
| HEALTH CARE SEL SECT SPDR FD | AT COST | 106,741 | 239,330 |
| ISHARES INTERM CREDIT BD ETF | AT COST | 526,651 | 617,715 |
| ISHARES CHINA LARGE CAP ETF | AT COST | ||
| ISHARES NASDAQ BIOTECH FUND | AT COST | 88,242 | 364,020 |
| ISHARES S&P MIDCAP 400 INDEX | AT COST | 153,867 | 308,424 |
| PWRSHR WLDHILL CLEAN ENERGY | AT COST | 102,050 | 26,350 |
| VANGUARD FTSE EMRG MKTS ETF | AT COST | ||
| LORD ABBETT SHT DURATION INC F | AT COST | 1,041,985 | 1,015,597 |
| OPPENHEIMER DEVELOPING MKTS Y | AT COST | ||
| PIMCO UNCONSTRAINED BD A | AT COST | ||
| TEMPLETON GLOBAL BD FD ADV | AT COST | 1,165,837 | 1,132,825 |
| GAMCO NATURAL RES | AT COST | ||
| CLEARBRIDGE ENERGY MLP FD | AT COST | 475,740 | 597,264 |
| PIMCO ENHANCED SHORT MATURIT | AT COST | ||
| DELAWARE DIVERSE FLOATING RT A | AT COST | ||
| HIGHLAND LONG SHORT EQUITY A | AT COST | 262,030 | 247,048 |
| LORD ABBETT MULTI ASSET INC F | AT COST | 637,862 | 609,684 |
| THORNBURG INV INC BUILDER I | AT COST | 105,240 | 106,064 |
| ALERIAN MLP ETF | AT COST | 249,998 | 242,792 |
| VANGUARD CONSUMER DSC ETF | AT COST | 199,981 | 228,617 |
| VANGUARD GROWTH ETF | AT COST | 249,942 | 287,594 |
| VANGUARD MIDCAP GROWTH ETF | AT COST | 249,697 | 285,219 |
| PIMCO INCOME P | AT COST | 365,493 | 360,679 |
| VIRTUS MULTI SECT SHT TRM BDI | AT COST | 509,990 | 495,463 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Furniture and Fixtures | 1,656 | 1,140 | 516 | 516 |
| Machinery and Equipment | 2,382 | 1,969 | 413 | 413 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INTEREST ON BONDS | 14,157 | 8,447 | 8,447 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Amortization | 264 | |||
| EPTL FILING FEE | 750 | 750 | ||
| FINANCIAL ADVISORY FEES | 77,054 | 77,054 | ||
| MISC. EXPENSES | 464 | 464 | ||
| PAYROLL PROCESSING | 645 | 645 | ||
| TELEPHONE | 2,108 | 2,108 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL TAXES PAYABLE | 1,349 | 1,511 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,000 | 0 | 0 | 5,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 24,069 | 24,069 | ||
| FOREIGN TAX | 1,397 | 1,397 | ||
| PAYROLL TAXES | 3,906 | 3,906 |