| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,013 | 0 | 0 | 2,013 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| DEVELOPED SOFTWARE | 2017-07-01 | 30,918 | 15,460 | 5 | 6,184 | 0 | 6,184 | 21,644 |
| DEVELOPED SOFTWARE | 2018-07-01 | 4,200 | 1,260 | 5 | 840 | 0 | 840 | 2,100 |
| SOFTWARE DEVELOPMENT | 2019-07-01 | 44,800 | 4,480 | 5 | 8,960 | 0 | 8,960 | 13,440 |
| Person Name | Explanation |
|---|---|
| LINA KHOLAKI | NO COMPENSATION PAID AS BOARD MEMBER OR OFFICER COMPENSATION AS lANGUAGE CONSULTANT |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDING IMPROV09 | 1999-03-01 | 355,551 | 189,552 | SL | 39 | 9,117 | 0 | 9,117 | |
| BUILDING 09 | 1999-03-01 | 2,962,995 | 1,579,627 | SL | 39 | 75,974 | 0 | 75,974 | |
| 739 CYPRESS PROJECT | 2002-05-14 | 24,257 | 10,341 | SL | 39 | 622 | 622 | 0 | |
| 739 CYPRESS PROJECT | 2003-06-05 | 31,023 | 12,356 | SL | 39 | 795 | 795 | 0 | |
| 739 CYPRESS PROJECT | 2004-06-30 | 598,921 | 238,028 | SL | 39 | 15,357 | 15,357 | 0 | |
| 739 CYPRESS PROJECT | 2005-06-30 | 623,725 | 232,561 | SL | 39 | 15,993 | 15,993 | 0 | |
| 691 CYPRESS IMPROVEMENT | 2009-01-01 | 623,772 | 175,266 | SL | 39 | 15,994 | 15,994 | 0 | |
| LAND | 1998-06-30 | 1,315,643 | 0 | NDA | 0 | 0 | 0 | ||
| FURNITURE & FIXURE DEPRECIATED TO MATCH | 2000-01-01 | 11,144 | 11,144 | SL | 7 | 0 | 0 | 0 | |
| IMPROVEMENTS | 2015-01-15 | 5,200 | 1,561 | SL | 15 | 347 | 0 | 347 |
| Item No. | 1 |
|---|---|
| Lender's Name | ALDEEN CHREMAINDER TRUST |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 2,215,284 |
| Balance Due | 2,215,284 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | 0 |
| Security Provided by Borrower | |
| Purpose of Loan | |
| Description of Lender Consideration | |
| Consideration FMV | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEVELOPED SOFTWARE NET AMORT | 58,718 | 42,734 | 42,734 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 4,949 | 0 | 0 | 4,949 |
| DUES & SUBSCRIPTIONS | 11,580 | 0 | 0 | 11,580 |
| TELEPHONE | 1,469 | 0 | 0 | 1,469 |
| INSURANCE | 20,827 | 20,827 | 0 | 0 |
| REIMBURSED EXPENSES | 2,328 | 0 | 0 | 2,328 |
| JANITORIAL EXPENSE | 0 | 0 | 0 | 0 |
| RENTAL PROPERTY EXPENSES | 21,984 | 21,984 | 0 | 0 |
| REPAIRS & MAINTENANCE | 4,624 | 4,624 | 0 | 0 |
| SECURITY | 0 | 0 | 0 | 0 |
| OFFICE SUPPLIES | 220 | 0 | 0 | 220 |
| LICENSES | 4 | 0 | 0 | 4 |
| OFFICE EXPENSE | 1,040 | 0 | 0 | 1,040 |
| TRAVEL | 381 | 0 | 0 | 381 |
| POSTAGE & DELIVERY | 335 | 0 | 0 | 335 |
| EID CELEBRATION EXPENSE | 0 | 0 | 0 | 0 |
| ADVERTISING AND MARKETING | 0 | 0 | 0 | 0 |
| MISC | 17 | 0 | 0 | 17 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ONLINE EDUCATION | 9,701 | 0 | 9,701 |
| ARABIC READER PROGRAM | 5,480 | 0 | 9,701 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS | 22,988 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Payroll Liabilities | -31 | -31 |
| Security Deposits | 24,999 | 25,999 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OUTSIDE SERVICE | 21,834 | 0 | 0 | 21,834 |
| PROPERTY MANAGEMENT | 6,825 | 6,825 | 0 | 0 |
| LEGAL FEES | 360 | 0 | 0 | 360 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAX | 1,151 | 0 | 0 | 1,151 |
| PROPERTY TAX AND OTHER | 24,355 | 18,546 | 5,809 | 0 |
| LICENSE & FEES | 477 | 0 | 0 | 477 |
| FEDERAL TAX | 1,481 | 0 | 0 | 1,481 |