| Contractor | Explanation |
|---|---|
| Hongwei Xi | Hongwei Xis consulting service is tasked with the partial development of ATS programming language system www.ats-lang.org which should form the core for the Girly Geniuss planned support on promoting programming-focused education among girls and others. |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| Investment account LY 4231-8148 @ Schwab | FMV | 50,335 | 50,335 |
| Investment account 4V 8036-9991 @ Schwab | AT COST | 1,049,778 | 1,750,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | Hongwei Xi |
| Lender's Title | Treasurer |
| Original Amount of Loan | 189 |
| Balance Due | 189 |
| Date of Note | 2024-05 |
| Maturity Date | 2025-05 |
| Repayment Terms | Only the principal $189 needs to be paid back. |
| Interest Rate | |
| Security Provided by Borrower | None |
| Purpose of Loan | For tax filing and MA state registration |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Margin interests paid on investments | 28,690 | 28,690 | 0 | 0 |
| Dividends paid on short positions | 24,704 | 24,704 | 0 | 0 |
| Tax plus registration fee | 189 | 0 | 0 | 189 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| For Hongwei Xis service to developing an open source programming language system ATS | 50,000 | 0 | 0 | 50,000 |