| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MCDONALD'S CORP | 3,323 | 18,765 |
| NIKE INC | 2,439 | 25,001 |
| ROSS STORES INC | 1,719 | 17,142 |
| GENERAL MILLS INC | 3,678 | 8,422 |
| PEPSICO INC | 3,937 | 12,160 |
| PROCTER & GAMBLE CO | 2,603 | 12,268 |
| EOG RES INC | 939 | 7,995 |
| EXXON MOBIL CORP | 2,321 | 3,977 |
| OCCIDENTAL PETROLEUM CORP | 5,272 | 2,029 |
| SCHLUMBERGER LTD | 6,132 | 2,995 |
| BANK OF AMERICA CORP | 5,618 | 5,561 |
| JP MORGAN CHASE & CO | 3,426 | 11,876 |
| PRICE T ROWE GROUP INC | 2,962 | 12,782 |
| MEDTRONIC PLC | 5,488 | 7,759 |
| JOHNSON & JOHNSON | 3,747 | 12,830 |
| GENERAL ELECTRIC CO | 9,065 | 3,212 |
| UNION PACIFIC CORP | 2,190 | 18,895 |
| AMPHENOL CORP NEW | 1,498 | 13,994 |
| CISCO SYSTEMS INC | 4,266 | 9,506 |
| MICROSOFT CORP | 3,197 | 42,040 |
| ORACLE CORP | 2,960 | 6,541 |
| DOMINION ENERGY INC | 3,493 | 6,285 |
| ISHARES RUSSELL 2000 GROWTH | 9,634 | 24,030 |
| ISHARES S&P MID-CAP 400 VALUE | 8,366 | 14,388 |
| CARRIER GLOBAL CORP | 641 | 3,797 |
| OTIS WORLDWIDE CORP-W/I | 961 | 3,047 |
| RAYTHEON TECHNOLOGIES CORP COM | 2,138 | 6,024 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 599 | 0 | 599 | 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 | 62,929 |
| 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 | 0 |
| 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 | 74,258 |
| 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 | 0 |
| 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 | 127,756 |
| 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 |
| Item No. | 7 |
|---|---|
| Lender's Name | PNC EQUIPMENT FINANCE LLC |
| Lender's Title | |
| Relationship to Insider | NONE |
| Original Amount of Loan | 254,404 |
| Balance Due | 246,472 |
| Date of Note | 2021-09 |
| Maturity Date | 2026-10 |
| Repayment Terms | 60 CONSECUTIVE MONTHLY INSTALLMENTS |
| Interest Rate | 2.740000000000 |
| Security Provided by Borrower | TERM NOTE |
| Purpose of Loan | FINANCE EQUIPMENT FOR EXEMPT PURPOSE |
| Description of Lender Consideration | NGS MISIQ SYSTEM (VEROGEN) |
| Consideration FMV |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| WEBSITE DEVELOPMENT COSTS | 14,627 | 6,893 | 6,893 |
| Description | Amount |
|---|---|
| ACCRUAL TO CASH CONVERSION ADJUSTMENT | 30,151 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE / SUPPLIES | 378,778 | 0 | 58,194 | 320,584 |
| COURSES / LECTURE COSTS | 333,527 | 0 | -840 | 334,367 |
| SCHOLARSHIPS AND DONATIONS | 2,487 | 0 | 2,487 | 0 |
| SHIPPING AND FREIGHT | 4,803 | 0 | 0 | 4,803 |
| FACILITY AND MAINTENANCE | 179,309 | 0 | 0 | 179,309 |
| SERVICE CONTRACTS / SUPPORT | 165,301 | 0 | -10,517 | 175,818 |
| STIPENDS AND CONSULTING | 30,196 | 0 | 0 | 30,196 |
| JANITOR EXPENSES | 2,800 | 0 | 0 | 2,800 |
| MISCELLANEOUS | 7,940 | 0 | 7,940 | 0 |
| DUES AND SUBSCRIPTIONS | 7,371 | 0 | 7,371 | 0 |
| LICENSES | 11,416 | 0 | 11,416 | 0 |
| MARKETING AND PROMOTION | 61,542 | 0 | 61,542 | 0 |
| TRAINING AND DEVELOPMENT | 18,363 | 0 | 18,363 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ARCADIA - TUITION | 304,000 | 304,000 | |
| JEFFERSON - TUITION | 311,796 | 311,796 | |
| CONTINUING EDUCATION | 752,208 | 752,208 | |
| RESEARCH | 713,329 | 713,329 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHOLDINGS PAYABLE | 44,600 | 20,966 |
| PAYCHECK PROTECTION PROGRAM LOAN | 183,300 | 0 |
| LINE OF CREDIT | 0 | 200,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 8,325 | 0 | 8,325 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 83,494 | 0 | 27,324 | 56,170 |