| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 625 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DESK | 2010-09-16 | 530 | 387 | S/L | 10.0000 | 53 | |||
| CHAIR | 2010-09-22 | 632 | 460 | S/L | 10.0000 | 63 | |||
| OFFICE DESKS | 2018-02-10 | 1,481 | S/L | 10.0000 | 136 | ||||
| DESK & 2 CHAIR | 2018-03-24 | 515 | S/L | 10.0000 | 39 | ||||
| NIKON DIGITAL SLR CHAIR | 2017-03-24 | 530 | 28 | S/L | 5.0000 | 106 | |||
| MAC COMPUTER | 2010-06-22 | 1,961 | 830 | S/L | 5.0000 | 1,131 | |||
| COMPUTER | 2011-04-07 | 500 | 500 | S/L | 5.0000 | ||||
| DELL LATITUDE D630 | 2011-04-28 | 300 | 300 | S/L | 5.0000 | ||||
| MAC G5 TOWER | 2011-08-07 | 1,200 | 1,200 | S/L | 5.0000 | ||||
| DELL LATITUDE LAPTOP | 2011-12-27 | 300 | 140 | S/L | 5.0000 | 160 | |||
| APPLE MACBOOK PRO | 2013-04-06 | 1,130 | S/L | 3.0000 | 1,130 | ||||
| 2011 IMAC | 2013-04-30 | 1,200 | S/L | 3.0000 | 1,200 | ||||
| I MAC 27" | 2013-05-03 | 1,350 | S/L | 3.0000 | 1,350 | ||||
| COMPUTER | 2013-08-08 | 1,955 | S/L | 3.0000 | 1,955 | ||||
| DELL FLAT SCREEN MONITOR | 2015-08-06 | 250 | 60 | S/L | 5.0000 | 120 | |||
| IMAC APPLE DESKTOP | 2018-05-22 | 745 | S/L | 5.0000 | 87 | ||||
| LOCAL SERVER FOR AV | 2018-11-09 | 1,400 | S/L | 5.0000 | 47 | ||||
| IMAC PC | 2018-12-17 | 725 | S/L | 5.0000 | |||||
| EQUIPMENT | 2010-01-01 | 100 | 100 | S/L | 3.0000 | ||||
| COMPUTERS | 2011-06-01 | 2,552 | 2,552 | S/L | 5.0000 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 12,443 | 7,221 | 5,222 | 5,222 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| RELATED PARTY RECEIVALBE | 28,800 | 28,800 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING & PROMOTION | 3,276 | |||
| AUTO EXPENSE | 1,125 | |||
| BAD DEBTS | 1,000 | |||
| BANK CHARGES | 5,897 | |||
| COMPUTER EXPENSES | 4,751 | |||
| DUES & SUBSRIPTIONS | 5,801 | |||
| INSURANCE | 20,184 | |||
| LEASE EXPENSE | 12,516 | |||
| OFFICE SUPPLIES | 4,570 | |||
| PAYROLL PROCESSING | 2,004 | |||
| POSTAGE & DELIVERY | 20,492 | |||
| REPAIRS & MAINTENANCE | 250 | |||
| TELEPHONE EXPENSE | 12,183 | |||
| WEBSITE HOSTING | 6,566 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED PAYROLL | 6,715 | |
| CREDIT CARDS | 9,079 | 16,742 |
| LINE OF CREDIT - CTB | 58,857 | 50,454 |
| NOTE PAYABLE - JANIS WARE | 3,835 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| VOICE NEWS NETWORK | 657,821 | 360,228 | 297,593 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 20,933 | |||
| OTHER TAXES | 3,257 |