| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 58,566 | 41,068 |
| Contractor | Explanation |
|---|---|
| QUALITY BY DESIGN LLC | DRUG DEVELOPMENT CONSULTING |
| K&L GATES LLP | LEGAL FEES |
| PINNEY ASSOCIATES | ADMINISTRATIVE CONSULTING |
| MANNION CONSULTING LLC | DRUG DEVELOPMENT CONSULTING |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT LEGAL FEES | 349,244 | 349,244 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| PAYROLL PROCESSING FEES | 2,406 | 2,406 | ||
| R&D CONSULTING | 837,830 | 793,386 | ||
| R&D TESTING & STUDIES | 301,687 | 301,687 | ||
| OTHER R&D | 243,046 | 243,046 | ||
| CONSULTING | 564,045 | 553,465 | ||
| IT | 41,851 | 41,839 | ||
| REGULATORY | 5,773 | 5,773 | ||
| CONSUMER SUPPORT | 398 | 398 | ||
| BANK CHARGES | 1,530 | 1,530 | ||
| INSURANCE | 56,839 | 56,839 | ||
| ADVERTISING | 78,400 | 78,400 | ||
| OFFICE EXPENSE | 7,691 | 2,834 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| REFUND OF PRIOR YEAR EXPENSE | 1,558,609 | 1,558,609 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED EXPENSES | 17 | |
| PAYROLL LIABILITIES | 3,346 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT OTHER PROFESSIONAL FEES | 38,959 | 38,959 |
| Item No. | 1 |
|---|---|
| Borrower's Name | MICHAEL HUFFORD |
| Borrower's Title | PRESIDENT |
| Original Amount of Loan | 20655 |
| Balance Due | 13581 |
| Date of Note | 2021-12 |
| Maturity Date | |
| Repayment Terms | |
| Interest Rate | |
| Security Provided by Borrower | |
| Purpose of Loan | TAX PAYMENTS |
| Description of Lender Consideration | |
| Consideration FMV | 13581 |
| Category | Gross Sales | Cost of Goods Sold | Net (Gross Sales Minus Cost of Goods Sold) |
|---|---|---|---|
| 970,497 | 8,600,276 | -7,629,779 |