| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,500 | 1,833 | 1,833 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| PROFESSIONAL EQUIPMENT | 2012-02-05 | 2,695 | 2,278 | SL | 7.000000000000 | 385 | 0 | ||
| EQUIPMENT | 1997-07-01 | 4,321 | 4,321 | SL | 5.000000000000 | 0 | 0 | ||
| EQUIPMENT | 1997-07-07 | 305 | 305 | SL | 3.000000000000 | 0 | 0 | ||
| COMPUTER EQUIPMENT | 2011-12-05 | 2,856 | 2,856 | SL | 5.000000000000 | 0 | 0 | ||
| COMPUTER EQUIPMENT | 2011-02-14 | 257 | 257 | SL | 5.000000000000 | 0 | 0 | ||
| EQUIPMENT | 2011-06-24 | 210 | 195 | SL | 7.000000000000 | 15 | 0 | ||
| EQUIPMENT | 2011-06-17 | 245 | 228 | SL | 7.000000000000 | 17 | 0 | ||
| ART COMPUTER | 2011-05-11 | 397 | 397 | SL | 5.000000000000 | 0 | 0 | ||
| EQUIPMENT | 2011-04-08 | 219 | 210 | SL | 7.000000000000 | 9 | 0 | ||
| DELL COMPUTER | 2011-01-19 | 179 | 179 | SL | 5.000000000000 | 0 | 0 | ||
| EQUIPMENT | 1997-07-01 | 8,193 | 8,193 | SL | 7.000000000000 | 0 | 0 | ||
| EQUIPMENT | 2001-07-01 | 4,314 | 4,314 | SL | 7.000000000000 | 0 | 0 | ||
| EQUIPMENT | 1992-07-01 | 190,392 | 190,392 | SL | 7.000000000000 | 0 | 0 | ||
| PROFESSIONAL EQUIPMENT | 2013-04-08 | 953 | 646 | SL | 7.000000000000 | 136 | 0 | ||
| APPLE STORE - COMPUTER | 2013-01-07 | 559 | 559 | SL | 5.000000000000 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PROFESSIONAL EQUIPMENT | 2,695 | 2,663 | 32 | |
| EQUIPMENT | 4,321 | 4,321 | 0 | |
| EQUIPMENT | 305 | 305 | 0 | |
| COMPUTER EQUIPMENT | 2,856 | 2,856 | 0 | |
| COMPUTER EQUIPMENT | 257 | 257 | 0 | |
| EQUIPMENT | 210 | 210 | 0 | |
| EQUIPMENT | 245 | 245 | 0 | |
| ART COMPUTER | 397 | 397 | 0 | |
| EQUIPMENT | 219 | 219 | 0 | |
| DELL COMPUTER | 179 | 179 | 0 | |
| EQUIPMENT | 8,193 | 8,193 | 0 | |
| EQUIPMENT | 4,314 | 4,314 | 0 | |
| EQUIPMENT | 190,392 | 190,392 | 0 | |
| PROFESSIONAL EQUIPMENT | 953 | 782 | 171 | |
| APPLE STORE - COMPUTER | 559 | 559 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 411 | 0 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 1436303 |
| Balance Due | 1248789 |
| Date of Note | 2009-12 |
| Maturity Date | 2019-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 80554 |
| Balance Due | 80554 |
| Date of Note | 2010-12 |
| Maturity Date | 2020-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Item No. | 3 |
|---|---|
| Lender's Name | DR HAROLD KENNEDY |
| Lender's Title | PRESIDENT |
| Original Amount of Loan | 15000 |
| Balance Due | 15000 |
| Date of Note | 2011-12 |
| Maturity Date | 2021-12 |
| Repayment Terms | ON DEMAND |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | FUNDING OF RESEARCH |
| Description of Lender Consideration | N/A |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEPOSITS | 449 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 59 | 0 | 0 | |
| INSURANCE EXPENSE | 847 | 0 | 847 | |
| EQUIPMENT EXPENSE | 1,107 | 0 | 387 | |
| DUES & SUBSCRIPTIONS | 4,374 | 0 | 0 | |
| PERMITS & LICENSES | 833 | 0 | 833 | |
| BANK CHARGES | 61 | 0 | 0 | |
| PROFESSIONAL DEVELOPMENT | 70 | 0 | 70 | |
| MISCELLANEOUS | 449 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO INDIVIDUAL | 547,590 | 0 |
| CASH OVERDRAFT | 30 | 0 |
| Name | Address |
|---|---|
| MARIA GAITANOU EMBIRICOS |
19 CHAMPVENT JOUXTENS SZ |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PERSONAL PROPERTY TAXES | 28 | 0 | 28 |