| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 4,090 | 0 | 4,090 | 4,090 |
| 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 | 2014-01-01 | 798 | 560 | SL | 20.00 % | 160 | |||
| LAPTOP | 2015-09-15 | 1,127 | 563 | SL | 20.00 % | 225 | |||
| WEBSITE | 2016-09-01 | 20,000 | 10,000 | SL | 33.33 % | 6,666 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Machinery and Equipment | 23,037 | 19,286 | 3,751 |
| Item No. | 1 |
|---|---|
| Lender's Name | COHERENT INVESTMENTS LLC |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 8,000 |
| Balance Due | 6,000 |
| Date of Note | 2018-04 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | CASH FLOW |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVERTISING & PROMOTION | 7,837 | 7,837 | 7,837 | |
| ASSESSMENTS | 2,799 | 2,799 | 2,799 | |
| BANK & CREDIT CARD FEES | 135 | 135 | 135 | |
| BUSINESS REGISTRATION FEES | 10 | 10 | 10 | |
| COMPUTER & INTERNET EXPENSES | 2,004 | 2,004 | 2,004 | |
| DEVELOPMENT EXPENSES | 641 | 641 | 641 | |
| DUES & SUBSCRIPTIONS | 2,199 | 2,199 | 2,199 | |
| EMPLOYEE BENEFITS | 8,818 | 8,818 | 8,818 | |
| FIELD RESEARCH | 290 | 290 | 290 | |
| INSURANCE | 3,194 | 3,194 | 3,194 | |
| MARKETING AND OUTREACH | 4,529 | 4,529 | 4,529 | |
| MISCELLANEOUS EXPENSES | 618 | 618 | 618 | |
| OFFICE EXPENSE | 5,489 | 5,489 | 5,489 | |
| SUPPLIES | 408 | 408 | 408 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 7,403 | 5,427 |
| CREDIT CARD PAYABLE | 207 | 2,041 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONTRACT SERVICES | 5,944 | 0 | 5,944 | 5,944 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Payroll Taxes | 12,580 | 12,580 | 12,580 |