| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,000 | 0 | 2,000 | 0 |
| PAYROLL PROCESSING FEES | 1,845 | 0 | 1,845 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DENTAL EQUIPMENT | 2020-02-15 | 90,500 | 16,592 | SL | 5.000000000000 | 18,100 | 0 | 18,100 | |
| I3D SMART PLUS- DIGITAL PAN/CBCT | 2020-09-09 | 54,469 | 3,631 | SL | 5.000000000000 | 10,894 | 0 | 10,894 | |
| TRIOS SCANNER | 2021-08-25 | 33,775 | SL | 5.000000000000 | 2,252 | 0 | 2,252 | ||
| NEW LAB CONSTRUCTION/BUILDOUT | 2021-03-12 | 9,300 | SL | 15.000000000000 | 465 | 0 | 465 | ||
| INRAORAL CAMERA | 2021-08-06 | 3,407 | SL | 5.000000000000 | 284 | 0 | 284 | ||
| MONITOR FOR SEDATION | 2021-08-10 | 4,790 | SL | 5.000000000000 | 399 | 0 | 399 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DENTAL EQUIPMENT | 90,500 | 34,692 | 55,808 | |
| I3D SMART PLUS- DIGITAL PAN/CBCT | 54,469 | 14,525 | 39,944 | |
| TRIOS SCANNER | 33,775 | 2,252 | 31,523 | |
| NEW LAB CONSTRUCTION/BUILDOUT | 9,300 | 465 | 8,835 | |
| INRAORAL CAMERA | 3,407 | 284 | 3,123 | |
| MONITOR FOR SEDATION | 4,790 | 399 | 4,391 |
| Item No. | 1 |
|---|---|
| Lender's Name | DR TIMOTHY COLLINS |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 70,500 |
| Balance Due | 5,875 |
| Date of Note | 2020-02 |
| Maturity Date | 2022-03 |
| Repayment Terms | 24 MONTHS |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | EQUIPMENT |
| Purpose of Loan | AQUISITION OF DENTAL EQUIPMENT |
| Description of Lender Consideration | DENTAL OFFICE EQUIPMENT |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | DR CHAMBERLAIN |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 15,343 |
| Balance Due | 15,343 |
| Date of Note | 2021-01 |
| Maturity Date | |
| Repayment Terms | UNDEFINED TERMS |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | NONE |
| Purpose of Loan | AQUISITION OF DENTAL EQUIPMENT |
| Description of Lender Consideration | DENTAL EQUIPMENT |
| Consideration FMV | 15343 |
| Item No. | 3 |
|---|---|
| Lender's Name | TRUPOINT BANK |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 60,000 |
| Balance Due | 57,470 |
| Date of Note | 2021-08 |
| Maturity Date | |
| Repayment Terms | MONTHLY PAYMENT OF $807.78 |
| Interest Rate | |
| Security Provided by Borrower | EQUIPMENT |
| Purpose of Loan | AQUISITION OF DENTAL EQUIPMENT |
| Description of Lender Consideration | DENTAL EQUIPMENT |
| Consideration FMV | 60000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EQUIPMENT RENTALS AND MAINTENACE | 10,294 | 0 | 10,294 | 0 |
| COMPUTER MAINTENACE | 5,522 | 0 | 5,522 | 0 |
| CONTRACT SERVICES AND LABOR | 6,135 | 0 | 6,135 | 0 |
| MEDICATIONS | 710 | 0 | 710 | 0 |
| CLINIC SUPPLIES | 16,830 | 0 | 16,830 | 0 |
| CREDIT CARD AND BANK FEES | 2,415 | 0 | 2,415 | 0 |
| DUES | 100 | 0 | 100 | 0 |
| INSURANCE | 5,437 | 0 | 5,437 | 0 |
| OTHER PROGRAM SERVICE EXPENSES | 300 | 0 | 300 | 0 |
| LAB EXPENSES | 116,876 | 0 | 116,876 | 0 |
| DENTAL SUPPLIES | 164,736 | 0 | 164,736 | 0 |
| DE MINIMIS EQUIPMENT | 17,513 | 0 | 17,513 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| DENTAL CLINIC PATIENT FEES | 587,863 | 587,863 | |
| CREDIT CARD CASH BACK REWARDS | 401 | 401 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| CREDIT CARD LIABILITY | 0 | 25,770 |
| Name | Address |
|---|---|
| JAN HURT |
247 VALLEY ST NE ABINGDON,VA24210 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 38,336 | 0 | 38,336 | 0 |
| LICENSES AND REGISTRATIONS | 325 | 0 | 325 | 0 |