| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 9,904 | 4,952 | 4,952 |
| Category | Amount |
|---|---|
| NONE | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| SECURITIES - SCHWAB | AT COST | 20,332,901 | 25,527,431 |
| SECURITIES - NEWPORT ASIA | AT COST | 2,219,603 | 2,823,557 |
| SECURITIES - BEARTOOTH CAPITAL | AT COST | 275,667 | 275,667 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL | 150 | 75 | 75 |
| Description | Amount |
|---|---|
| NON-DEDUCTIBLE EXPENSES | 304 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 221 | 0 | 2,534 | |
| WEBSITE MAINTENANCE | 220 | 0 | 220 | |
| DUES AND SUBSCRIPTIONS | 1,000 | 0 | 1,000 | |
| SOFTWARE | 5,000 | 0 | 5,000 | |
| SECTION 988 LOSS | 5,893 | 5,893 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| WACHOVIA SETTLEMENT | 597 | 597 | 597 |
| BEARTOOTH CAPITAL - OTHER INCOME | 44 | 44 | 44 |
| Description | Amount |
|---|---|
| RETURN OF CAPITAL - REDUCTION IN BASIS | 6,647 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISORY FEES | 139,693 | 139,693 | 0 | |
| PORTFOLIO EXPENSES | 230,793 | 230,793 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 23,047 | 23,047 | 0 | |
| FEDERAL EXCISE TAX | 10,275 | 0 | 0 | |
| FEES AND LICENSE | 150 | 0 | 0 |