| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MARKETABLE SECURITIES | AT COST | 11,862,696 | 42,735,446 |
| BONDS | AT COST | 7,397,300 | 7,441,523 |
| INVESTMENT IN FENGHUANG | AT COST | 585,948 | 585,948 |
| INVESTMENT IN SPF | AT COST | 7,944,261 | 7,944,261 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OTHER RECEIVABLES | 12,979 | 0 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PASSTHROUGH EXPENSES | 126,889 | 12,689 | 0 | |
| OTHER EXPENSES | 773 | 773 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SPF INVESTMENTS | 95,631 | 95,631 | 95,631 |
| FENGHUANG INVESTMENTS | -66 | -66 | -66 |
| SPF INVESTMENTS | -6,777 | -6,777 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 15,957 | 0 | 0 | |
| FOREIGN TAX | 4,391 | 4,391 | 0 |