| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MCDONALD'S CORP | 3,670 | 17,166 |
| NIKE INC | 2,843 | 24,757 |
| ROSS STORES INC | 2,177 | 23,334 |
| GENERAL MILLS INC | 4,123 | 8,232 |
| PEPSICO INC | 4,195 | 11,123 |
| PROCTER & GAMBLE CO | 3,297 | 13,218 |
| EOG RES INC | 939 | 4,488 |
| EXXON MOBIL CORP | 2,321 | 2,679 |
| OCCIDENTAL PETROLEUM CORP | 5,272 | 1,212 |
| SCHLUMBERGER LTD | 6,132 | 2,183 |
| BANK OF AMERICA CORP | 6,681 | 4,547 |
| JP MORGAN CHASE & CO | 3,426 | 9,530 |
| PRICE T ROWE GROUP INC | 2,962 | 9,840 |
| MEDTRONIC PLC | 7,318 | 11,714 |
| JOHNSON & JOHNSON | 3,747 | 11,804 |
| GENERAL ELECTRIC CO | 9,153 | 2,970 |
| UNION PACIFIC CORP | 3,065 | 21,863 |
| WABTEC CORP | 77 | 73 |
| AMPHENOL CORP NEW | 1,685 | 11,769 |
| CISCO SYSTEMS INC | 4,922 | 7,831 |
| INTERNATIONAL BUSINESS MACHS | 2,441 | 2,518 |
| MICROSOFT CORP | 4,077 | 36,699 |
| ORACLE CORP | 2,960 | 4,852 |
| AT&T INC | 4,425 | 4,026 |
| DOMINION ENERGY INC | 3,930 | 6,768 |
| ISHARES RUSSELL 2000 GROWTH | 9,634 | 23,509 |
| ISHARES S&P MID-CAP 400 VALUE | 10,039 | 13,463 |
| ARTISAN INTERNATIONAL FD-ADV | 3,731 | 5,792 |
| CARRIER GLOBAL CORP | 641 | 2,640 |
| OTIS WORLDWIDE CORP-W/I | 961 | 2,364 |
| RAYTHEON TECHNOLOGIES CORP COM | 2,138 | 5,006 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 5,050 | 0 | 5,050 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 289,457 |
| Balance Due | 123,232 |
| Date of Note | 2017-11 |
| Maturity Date | 2022-11 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 4.270000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | SCIEX TRIPLE TOF 5600 + SYSTEM W/COMPUTERS & SOFTWARE |
| Consideration FMV | 289457 |
| Item No. | 2 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 150,000 |
| Balance Due | 32,256 |
| Date of Note | 2016-12 |
| Maturity Date | 2021-12 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 3.700000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | MEDICAL EQUIPMENT AND COMPUTER SOFTWARE |
| Consideration FMV | 150000 |
| Item No. | 3 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 168,667 |
| Balance Due | 0 |
| Date of Note | 2015-03 |
| Maturity Date | 2020-03 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 3.290000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | LIFE TECHNOLOGIES EQUIPMENT AND SOFTWARE |
| Consideration FMV | 168667 |
| Item No. | 4 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 255,623 |
| Balance Due | 126,921 |
| Date of Note | 2018-04 |
| Maturity Date | 2023-04 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 4.800000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | LCMS 6495 TRIPLE QUAD (AGILENT) |
| Consideration FMV | 255623 |
| Item No. | 5 |
|---|---|
| Lender's Name | DE LAGE LANDEN FINANCIAL SERVICES INC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 175,294 |
| Balance Due | 62,344 |
| Date of Note | 2019-04 |
| Maturity Date | 2021-09 |
| Repayment Terms | 30 CONSECUTIVE MONTHLY PAYMENTS |
| Interest Rate | 8.330000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | MISEQ FGX SEQUENCING SYSTEM |
| Consideration FMV | 175294 |
| Item No. | 6 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 195,000 |
| Balance Due | 165,013 |
| Date of Note | 2020-01 |
| Maturity Date | 2025-02 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 3.800000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | XEVO TQ-S MICRO SYSTEM |
| Consideration FMV | 195000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| WEBSITE DEVELOPMENT COSTS | 17,518 | 14,627 | 14,627 |
| Description | Amount |
|---|---|
| ACCRUAL TO CASH CONVERSION ADJUSTMENT | 28,196 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE / SUPPLIES | 325,679 | 0 | 76,664 | 249,015 |
| COURSES / LECTURE COSTS | 90,739 | 0 | 1,231 | 89,508 |
| SCHOLARSHIPS AND DONATIONS | 4,255 | 0 | 4,255 | 0 |
| SHIPPING AND FREIGHT | 2,492 | 0 | 0 | 2,492 |
| FACILITY AND MAINTENANCE | 180,296 | 0 | 0 | 180,296 |
| SERVICE CONTRACTS / SUPPORT | 123,038 | 0 | 21,218 | 101,820 |
| STIPENDS AND CONSULTING | 18,591 | 0 | 0 | 18,591 |
| JANITOR EXPENSES | 208 | 0 | 0 | 208 |
| MISCELLANEOUS | 10,972 | 0 | 1,002 | 9,970 |
| DUES AND SUBSCRIPTIONS | 7,733 | 0 | 7,733 | 0 |
| LICENSES | 10,293 | 0 | 10,293 | 0 |
| MARKETING AND PROMOTION | 33,533 | 0 | 33,533 | 0 |
| TRAINING AND DEVELOPMENT | 11,686 | 0 | 11,686 | 0 |
| INVESTMENT FEES | 3,288 | 3,288 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ARCADIA - TUITION | 279,900 | 279,900 | |
| JEFFERSON - TUITION | 227,147 | 227,147 | |
| CONTINUING EDUCATION | 119,344 | 119,344 | |
| RESEARCH | 587,489 | 587,489 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHOLDINGS PAYABLE | 32,349 | 44,600 |
| PAYCHECK PROTECTION PROGRAM LOAN | 0 | 183,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 49,202 | 0 | 49,202 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 77,043 | 0 | 30,304 | 46,739 |