| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Barbs Precious Rescue and Adoption Center | 1,269,237 | 160,266 | 1,108,971 | 2,100,000 |
| Item No. | 1 |
|---|---|
| Lender's Name | TBK Bank |
| Lender's Title | |
| Relationship to Insider | Founder |
| Original Amount of Loan | 400,000 |
| Balance Due | 390,360 |
| Date of Note | 2023-11 |
| Maturity Date | 2028-10 |
| Repayment Terms | 20 Years |
| Interest Rate | 0000000000.079600000000 |
| Security Provided by Borrower | BPR Building |
| Purpose of Loan | Build Veterinary Care Center |
| Description of Lender Consideration | BPR Veterinary Care Center |
| Consideration FMV | 1350000 |
| Description | Amount |
|---|---|
| Decrease by the depreciation | 160,226 |
| Adjustment for the decrease in book value | 40,939 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Purchase supplies for operations | 98,579 | |||
| Maintenance of rescue and utilities | 54,572 | |||
| Veterinary care provided for rescue cats | 303,277 | |||
| Renovation and expansion of veterinary care center | 623,715 |
| Description | Amount |
|---|---|
| Adjustment for the end of year balance error prior year | 161,224 |