| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 1,450 | 1,450 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 1965 AC COBRA | 2015-09-01 | 79,498 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 1997 PORSHE 911 993 CP | 2015-09-01 | 68,995 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2002 HARLEY DAVIDSON ROAD KING CLASSIC FCI | 2015-09-01 | 15,479 | 11,021 | 200DB | 5.0000 | 1,783 | |||
| 2006 FERRARI F430 SPIDER | 2015-09-01 | 142,030 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2007 FERRARI 599 GTB | 2015-09-01 | 174,491 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2008 PORSCHE 911 GT3 RS | 2015-09-01 | 124,147 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2012 MERCEDES SLS AMG | 2015-09-01 | 175,833 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2013 MCLAREN MP4-12C | 2015-09-01 | 250,177 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2014 PORSCHE 911 TWIN TURBO S | 2015-09-01 | 171,632 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2015 BMW M4S CP | 2015-09-01 | 85,575 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 1994 PORSCHE 911 CP | 2015-07-16 | 90,355 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 1983 PORSCHE 911 TARGA | 2015-12-18 | 35,262 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 1995 PORSCHE 911 RWB | 2015-11-05 | 102,565 | 11,310 | 200DB | 5.0000 | 1,875 | |||
| 2016 PORSCHE COUPE GT4 | 2015-10-20 | 91,064 | 19,310 | 200DB | 5.0000 | 1,875 | |||
| FEATHERLITE 20' TRAILER | 2015-04-15 | 12,690 | 10,863 | 200DB | 5.0000 | 731 | |||
| LEASEHOLD IMPROVEMENTS | 2016-05-02 | 8,317 | 347 | S/L | 39.0000 | 213 | |||
| 40 X 30 CANVAS TENT | 2016-01-20 | 840 | 583 | 200DB | 7.0000 | 73 | |||
| 4 POST LIFT | 2016-02-24 | 1,995 | 1,384 | 200DB | 7.0000 | 175 | |||
| 2006 RADICAL SR3 | 2016-05-18 | 71,393 | 54,259 | 200DB | 5.0000 | 6,854 | |||
| 2012 MERCEDES C63 AMG BLACK | 2016-01-19 | 162,133 | 123,221 | 200DB | 5.0000 | 15,565 | |||
| SCISSOR LIFT | 2016-02-12 | 1,440 | 999 | 200DB | 7.0000 | 126 | |||
| 2016 JAGUAR F-TYPE SVR | 2016-01-27 | 133,600 | 16,260 | 200DB | 5.0000 | 3,050 | |||
| 2018 MERCEDEZ BENZ AMG GTC | 2017-10-16 | 171,500 | 171,500 | 200DB | 5.0000 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| 2015 BMW M4S CP | 2015-09 | PURCHASE | 2018-01 | 70,000 | 85,575 | -2,390 | 13,185 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 2,085,436 | 585,227 | 1,500,209 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK CHARGES | 43 | 43 | ||
| DUES & SUBSCRIPTIONS | 72 | 72 | ||
| FUEL EXPENSE | 1,607 | 1,607 | ||
| INSURANCE EXPENSE | 28,687 | 28,687 | ||
| LICENSING/ REG | 1,000 | 1,000 | ||
| MEALS | 1,546 | 1,546 | ||
| OFFICE EXPENSES | 974 | 974 | ||
| PROMOTIONAL EXPENSES | 9,625 | 9,625 | ||
| REPAIRS, MAINT, DETAILING | 70,449 | 28,209 | ||
| SECURITY EXPENSE | 598 | 598 | ||
| SUPPLIES EXPENSE | 1,471 | 1,471 | ||
| UTILITIES | 2,350 | 2,350 | ||
| WEB HOSTING | 797 | 797 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE | 14,034 | |
| CREDIT CARD | -2,129 | |
| DEPOSITED HELD IN TRUST | 51,500 |
| Name of 501(c)(3) Organization | Balance Due |
|---|---|
|
LOAN RECEIVABLE |
1,600 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 256 | 256 |