| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,050 | 1,020 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| GOODWILL FCE LLC | 2014-12-31 | 1,993,871 | 409,851 | 15.0000 | 132,925 | 132,925 | 542,776 |
| 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 & FIXTURES | 2005-07-01 | 4,797 | 4,797 | S/L | 10.0000 | ||||
| INTERWRITE BOARDS | 2005-07-01 | 3,762 | 3,762 | S/L | 10.0000 | ||||
| '06 FURNITURE & FIXTURES | 2006-12-18 | 2,096 | 2,096 | S/L | 10.0000 | ||||
| '11 COMPUTERS | 2011-07-02 | 2,000 | 2,000 | S/L | 5.0000 | ||||
| MACBOOK AIR COMPUTER | 2012-09-09 | 1,937 | 1,937 | S/L | 5.0000 | ||||
| CUBICLES FOR NEEW OFFICE | 2012-12-31 | 4,178 | 2,089 | S/L | 10.0000 | 418 | |||
| WEB PLATFORM | 2013-12-01 | 12,087 | 9,871 | S/L | 5.0000 | 2,216 | |||
| CABINETS | 2013-07-28 | 242 | 214 | S/L | 5.0000 | 28 | |||
| 8' GONDOLA | 2013-06-28 | 1,809 | 1,628 | S/L | 5.0000 | 181 | |||
| MULTI MEDIA LIBRARY | 2013-12-01 | 199,316 | 161,114 | S/L | 5.0000 | 38,202 | |||
| COFFEE ROASTER | 2013-12-10 | 2,089 | 1,706 | S/L | 5.0000 | 383 | |||
| HP COMPUTER | 2013-12-31 | 85 | 85 | S/L | 5.0000 | ||||
| GRINDERS | 2013-12-31 | 149 | 149 | S/L | 5.0000 | ||||
| APPLE COMPUTER | 2013-12-31 | 957 | 795 | S/L | 5.0000 | 162 | |||
| LENVO PC-CN | 2013-02-06 | 913 | 897 | S/L | 5.0000 | 16 | |||
| LENOVO PC-MS | 2013-03-22 | 815 | 774 | S/L | 5.0000 | 41 | |||
| AFTER BURNER | 2013-10-31 | 9,500 | 7,917 | S/L | 5.0000 | 1,583 | |||
| PHONE SYSTEM | 2013-10-31 | 3,229 | 2,691 | S/L | 5.0000 | 538 | |||
| EQUIPMENT | 2013-10-31 | 1,517 | 1,265 | S/L | 5.0000 | 252 | |||
| ROASTER AFTERBURNER | 2014-05-31 | 13,289 | 9,524 | S/L | 5.0000 | 2,657 | |||
| LENOVO PC - AMY | 2014-01-31 | 720 | 564 | S/L | 5.0000 | 144 | |||
| LENOVO PC - LISA | 2014-01-31 | 720 | 564 | S/L | 5.0000 | 144 | |||
| MAC COMPUTER - KYLE | 2014-05-23 | 2,119 | 1,519 | S/L | 5.0000 | 423 | |||
| QUICKBOOKS EQNTERPRISE | 2014-06-24 | 2,690 | 2,690 | S/L | 3.0000 | ||||
| 2014 FILM PRODUCTION | 2014-12-31 | 1,916 | 1,150 | S/L | 5.0000 | 383 | |||
| 2014 WEB DESIGN | 2014-12-31 | 7,602 | 4,561 | S/L | 5.0000 | 1,521 | |||
| COMPUTER EQUIPMENT | 2005-07-01 | 9,143 | 9,143 | S/L | 5.0000 | ||||
| VIDEO EQUIPMENT | 2005-07-01 | 2,529 | 2,529 | S/L | 5.0000 | ||||
| 06 COMPUTER EQUIPMENT | 2006-08-20 | 2,585 | 2,585 | S/L | 5.0000 | ||||
| '06 VIDEO EQUIPMENT | 2006-07-01 | 5,285 | 5,285 | S/L | 5.0000 | ||||
| APPLE MACBOOK AIR | 2015-02-04 | 1,573 | 918 | S/L | 5.0000 | 314 | |||
| APPLE MACBOOK AIR | 2015-09-09 | 1,573 | 734 | S/L | 5.0000 | 315 | |||
| ENTREPAK HT-641 | 2015-09-22 | 15,700 | 7,065 | S/L | 5.0000 | 3,140 | |||
| COMPUTER | 2016-05-08 | 2,184 | 728 | S/L | 5.0000 | 437 | |||
| ROASTER AFTERBURNER | 2016-08-02 | 16,775 | 4,753 | S/L | 5.0000 | 3,355 | |||
| AFTER BURNER | 2016-11-21 | 6,610 | 1,432 | S/L | 5.0000 | 1,322 | |||
| ROASTER | 2016-12-13 | 3,704 | 803 | S/L | 5.0000 | 741 | |||
| COFFEE ROASTER | 2016-12-20 | 1,251 | 250 | S/L | 5.0000 | 250 | |||
| AFTER BURNER | 2016-12-31 | 530 | 106 | S/L | 5.0000 | 106 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 2,343,847 | 864,738 | 1,479,109 | 2,343,847 |
| Item No. | 1 |
|---|---|
| Lender's Name | HAPPY DAY FOOD |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | TCM HOLDINGS |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 25,000 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | LP - NCFH PRI LOAN |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | |
| Balance Due | 1,036,167 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| MARKETING | 234 | 234 | ||
| MEALS | 150 | 150 | ||
| INSURANCE | 325 | 325 | ||
| SUPPLIES | 102 | 102 | ||
| ADVERTISING | 126 | 126 | ||
| TELEPHONE | 658 | 658 | ||
| BANK CHARGES | 1,906 | 1,906 | ||
| TRAVEL | 22 | 22 | ||
| UTILITIES | 537 | 537 | ||
| COMPUTER WEB ACCESS | 253 | 253 | ||
| PROGRAM COSTS | 799 | 799 | ||
| PAYROLL FEES | 1,294 | 1,294 | ||
| CONTRACT LABOR | 180 | 180 | ||
| CONTRIBUTIONS | 688 | 688 | ||
| DOMAIN REGISTRATION | 141 | 141 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| RENT INCOME | 500 | 500 | |
| PACKAGING FEE | 20,943 | 20,943 | |
| BAKER PUBLISHING | 1,100 | 1,100 | |
| TEMP FEES | 57,183 | 57,183 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 4,130 | 349 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOANS RECEIVABLE |
40,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING FEES | 721 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| INVENTORY SALES | 1,379 | 965 | 414 |