| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 6,830 |
| 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 | 493 | S/L | 10.0000 | 37 | |||
| CHAIR | 2010-09-22 | 632 | 586 | S/L | 10.0000 | 46 | |||
| OFFICE DESKS | 2018-02-10 | 1,481 | 284 | S/L | 10.0000 | 148 | |||
| DESK & 2 CHAIR | 2018-03-24 | 515 | 90 | S/L | 10.0000 | 52 | |||
| NIKON DIGITAL SLR CHAIR | 2017-03-24 | 530 | 240 | S/L | 5.0000 | 106 | |||
| APPLE MACBOOK PRO | 2013-04-06 | 1,130 | 1,130 | S/L | 3.0000 | ||||
| 2011 IMAC | 2013-04-30 | 1,200 | 1,200 | S/L | 3.0000 | ||||
| I MAC 27" | 2013-05-03 | 1,350 | 1,350 | S/L | 3.0000 | ||||
| COMPUTER | 2013-08-08 | 1,955 | 1,955 | S/L | 3.0000 | ||||
| DELL FLAT SCREEN MONITOR | 2015-08-06 | 250 | 230 | S/L | 5.0000 | 20 | |||
| IMAC APPLE DESKTOP | 2018-05-22 | 745 | 236 | S/L | 5.0000 | 149 | |||
| LOCAL SERVER FOR AV | 2018-11-09 | 1,400 | 327 | S/L | 5.0000 | 280 | |||
| IMAC PC | 2018-12-17 | 725 | 145 | S/L | 5.0000 | 145 | |||
| EDITORIAL COMPUTERS | 2019-09-27 | 2,801 | 140 | S/L | 5.0000 | 560 | |||
| EDITORIAL COMPUTERS | 2019-10-11 | 2,801 | 140 | S/L | 5.0000 | 560 | |||
| CONFERENCE ROOMS CHAIRS | 2019-07-24 | 1,962 | 82 | S/L | 10.0000 | 196 | |||
| OFFICE CHAIRS | 2019-08-05 | 1,233 | 51 | S/L | 10.0000 | 124 | |||
| DRONE | 2020-06-09 | 1,770 | S/L | 5.0000 | 206 | ||||
| DRONE EQUIPMENT (GRIPS) | 2020-06-24 | 4,134 | S/L | 5.0000 | 413 | ||||
| CAMERA (BLACKMAGIC) | 2020-10-29 | 5,500 | S/L | 5.0000 | 183 | ||||
| AIR UNIT / FURNACE | 2020-06-17 | 18,215 | S/L | 8.0000 | 1,138 | ||||
| AIR UNIT / FURNACE | 2020-06-17 | 18,215 | S/L | 8.0000 | 1,138 | ||||
| WAREHOUSE BAY DOORS | 2020-05-29 | 2,697 | S/L | 10.0000 | 157 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| 71,771 | 14,337 | 57,434 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| RELATED PARTY RECEIVALBE | 23,480 | 17,755 | 17,755 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| ADVERTISING & PROMOTION | 2,757 | |||
| BAD DEBTS | 390 | |||
| BANK CHARGES | 8,185 | |||
| COMPUTER EXPENSES | 5,191 | |||
| DUES & SUBSRIPTIONS | 6,127 | |||
| INSURANCE | 20,788 | |||
| LEASE EXPENSE | 12,736 | |||
| OFFICE SUPPLIES | 6,328 | |||
| PAYROLL PROCESSING | 3,529 | |||
| POSTAGE & DELIVERY | 5,313 | |||
| REPAIRS & MAINTENANCE | 15,058 | |||
| TELEPHONE EXPENSE | 34,072 | |||
| TRAINING | 8,387 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED PAYROLL | 7,319 | 12,488 |
| CREDIT CARDS | 15,562 | 9,168 |
| LINE OF CREDIT - CTB | 42,485 | 33,887 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| VOICE NEWS NETWORK | 956,601 | 366,113 | 590,488 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 24,779 | |||
| OTHER TAXES | 419 |