| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND TAX PREPARATION | 907 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| MARKETING LICENSE | 2017-06-01 | 7,500 | 875 | 60.000000000000 | 1,500 | 0 | 2,375 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| WEBSITE | 2015-11-09 | 3,442 | 1,492 | SL | 5.000000000000 | 688 | 0 | ||
| I PAD | 2015-04-27 | 508 | 271 | SL | 5.000000000000 | 102 | 0 | ||
| WEBSITE | 2016-06-14 | 997 | 518 | 200DB | 5.000000000000 | 191 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| WEBSITE | 3,442 | 2,180 | 1,262 | |
| I PAD | 508 | 373 | 135 | |
| WEBSITE | 997 | 709 | 288 | |
| MARKETING LICENSE | 7,500 | 2,375 | 5,125 |
| Item No. | 1 |
|---|---|
| Lender's Name | ROBERT MCCRACKEN |
| Lender's Title | CEO |
| Original Amount of Loan | 425 |
| Balance Due | 425 |
| Date of Note | 2014-08 |
| Maturity Date | |
| Repayment Terms | NONE |
| Interest Rate | |
| Security Provided by Borrower | NONE |
| Purpose of Loan | FUND OPERATIONS |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INTANGIBLE ASSETS | 6,625 | 5,125 | 5,125 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE EXPENSE | 1,399 | 0 | 0 | |
| COMPUTER AND INTERNET CHARGES | 949 | 0 | 0 | |
| AMORTIZATION | 1,500 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| BERKSHIRE BANK CREDIT CARD | 443 | 253 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| COMPUTER GAMING SUPPORT | 3,830 | 0 | 0 |
| Name | Address |
|---|---|
| ROBERT MCCRACKEN |
344 BAUER RD SAND LAKE,NY12153 |