| 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 |
|---|---|---|---|---|---|---|---|---|
| LEGAL FEES ASSOCIATED WITH DORCHESTER LEASE | 2012-09-01 | 76,019 | 55,748 | 120.000000000000 | 7,602 | 0 | 7,602 | 63,350 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| FURNITURE & EQUIPMENT - DESKS AND WORKSTATIONS | 2012-02-15 | 3,138 | 3,138 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2012-08-08 | 44,679 | 44,679 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2012-09-15 | 26,691 | 26,691 | SL | 7.000000000000 | 0 | 0 | 0 | |
| BLINDS | 2012-10-04 | 3,037 | 3,037 | SL | 7.000000000000 | 0 | 0 | 0 | |
| OFFICE FURNITURE | 2012-11-07 | 12,859 | 12,859 | SL | 7.000000000000 | 0 | 0 | 0 | |
| BLINDS | 2012-12-12 | 309 | 309 | SL | 7.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2012-08-26 | 14,246 | 14,246 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER EQUIPMENT | 2012-09-14 | 911 | 911 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2012-10-01 | 1,357 | 1,357 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2012-11-01 | 1,029 | 1,029 | SL | 5.000000000000 | 0 | 0 | 0 | |
| COMPUTER | 2012-12-31 | 3,480 | 3,480 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PHONE SYSTEM | 2012-01-31 | 3,400 | 3,400 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PHONE SYSTEM | 2012-08-09 | 12,192 | 12,192 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PHONE SYSTEM | 2012-09-27 | 1,574 | 1,574 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PHONE SYSTEM | 2012-11-29 | 200 | 200 | SL | 5.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENT TO WASHINGTON STREET | 2012-01-11 | 4,500 | 4,500 | SL | 2.000000000000 | 0 | 0 | 0 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-09-01 | 3,270 | 2,398 | SL | 10.000000000000 | 327 | 0 | 327 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-09-01 | 35,650 | 26,143 | SL | 10.000000000000 | 3,565 | 0 | 3,565 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-09-01 | 122,162 | 89,584 | SL | 10.000000000000 | 12,216 | 0 | 12,216 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-09-01 | 522,561 | 383,211 | SL | 10.000000000000 | 52,256 | 0 | 52,256 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-09-15 | 24,037 | 17,629 | SL | 10.000000000000 | 2,404 | 0 | 2,404 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-10-15 | 107 | 80 | SL | 10.000000000000 | 11 | 0 | 11 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-11-20 | 26,019 | 18,431 | SL | 10.000000000000 | 2,602 | 0 | 2,602 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 2012-12-05 | 270 | 191 | SL | 10.000000000000 | 27 | 0 | 27 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 2013-02-04 | 3,217 | 2,227 | SL | 10.000000000000 | 322 | 0 | 322 | |
| FURNITURE | 2014-05-17 | 2,780 | 2,217 | SL | 7.000000000000 | 397 | 0 | 397 | |
| FURNITURE | 2014-12-04 | 3,007 | 2,186 | SL | 7.000000000000 | 430 | 0 | 430 | |
| FURNITURE | 2015-08-23 | 1,975 | 1,222 | SL | 7.000000000000 | 282 | 0 | 282 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 2015-03-13 | 2,926 | 1,416 | SL | 10.000000000000 | 293 | 0 | 293 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 2016-01-06 | 8,930 | 5,952 | SL | 6.000000000000 | 1,488 | 0 | 1,488 | |
| COMPUTER EQUIPMENT | 2018-10-17 | 7,689 | 1,794 | SL | 5.000000000000 | 1,538 | 0 | 1,538 | |
| COMPUTER EQUIPMENT | 2019-09-19 | 6,011 | 301 | SL | 5.000000000000 | 1,202 | 0 | 1,202 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 2019-03-11 | 21,032 | 5,842 | SL | 3.000000000000 | 7,011 | 0 | 7,011 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FURNITURE & EQUIPMENT - DESKS AND WORKSTATIONS | 3,138 | 3,138 | 0 | |
| OFFICE FURNITURE | 44,679 | 44,679 | 0 | |
| OFFICE FURNITURE | 26,691 | 26,691 | 0 | |
| BLINDS | 3,037 | 3,037 | 0 | |
| OFFICE FURNITURE | 12,859 | 12,859 | 0 | |
| BLINDS | 309 | 309 | 0 | |
| COMPUTER EQUIPMENT | 14,246 | 14,246 | 0 | |
| COMPUTER EQUIPMENT | 911 | 911 | 0 | |
| COMPUTER | 1,357 | 1,357 | 0 | |
| COMPUTER | 1,029 | 1,029 | 0 | |
| COMPUTER | 3,480 | 3,480 | 0 | |
| PHONE SYSTEM | 3,400 | 3,400 | 0 | |
| PHONE SYSTEM | 12,192 | 12,192 | 0 | |
| PHONE SYSTEM | 1,574 | 1,574 | 0 | |
| PHONE SYSTEM | 200 | 200 | 0 | |
| LEASEHOLD IMPROVEMENT TO WASHINGTON STREET | 4,500 | 4,500 | 0 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 3,270 | 2,725 | 545 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 35,650 | 29,708 | 5,942 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 122,162 | 101,800 | 20,362 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 522,561 | 435,467 | 87,094 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 24,037 | 20,033 | 4,004 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 107 | 91 | 16 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 26,019 | 21,033 | 4,986 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER STREET | 270 | 218 | 52 | |
| LEGAL FEES ASSOCIATED WITH DORCHESTER LEASE | 76,019 | 63,350 | 12,669 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 3,217 | 2,549 | 668 | |
| FURNITURE | 2,780 | 2,614 | 166 | |
| FURNITURE | 3,007 | 2,616 | 391 | |
| FURNITURE | 1,975 | 1,504 | 471 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 2,926 | 1,709 | 1,217 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 8,930 | 7,440 | 1,490 | |
| COMPUTER EQUIPMENT | 7,689 | 3,332 | 4,357 | |
| COMPUTER EQUIPMENT | 6,011 | 1,503 | 4,508 | |
| LEASEHOLD IMPROVEMENTS TO DORCHESTER AVENUE | 21,032 | 12,853 | 8,179 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES - GENERAL | 26,419 | 0 | 0 | 26,419 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| LEASE ACQUISITION COSTS | 76,019 | 76,019 | 76,019 |
| ACCUMULATED AMORTIZATION | -55,748 | -63,350 | -63,350 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 16,144 | 0 | 0 | 16,144 |
| STUDENT TRANSPORTATION | 108,530 | 0 | 0 | 108,530 |
| STUDENT MEALS | 4,851 | 0 | 0 | 4,851 |
| OTHER PROGRAM COSTS | 6,662 | 0 | 0 | 6,662 |
| ADVERTISING | 430 | 0 | 0 | 430 |
| OFFICE EXPENSES | 33,785 | 0 | 0 | 33,785 |
| UTILITIES | 6,118 | 0 | 0 | 6,118 |
| AMORTIZATION | 7,602 | 0 | 7,602 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| SBA PPP LOAN | 0 | 127,755 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 28,990 | 0 | 0 | 28,990 |