| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 5,322 | 0 | 0 | 5,322 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| DESKS & CHAIRS | 2012-06-01 | 892 | 892 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LAB EQUIPMENT | 2014-11-25 | 773 | 703 | SL | 10.000000000000 | 70 | 0 | 70 | |
| UTILITY TRAILER | 2014-12-22 | 3,074 | 2,803 | SL | 10.000000000000 | 271 | 0 | 271 | |
| LAB EQUIPMENT | 2014-12-30 | 2,509 | 2,290 | SL | 10.000000000000 | 219 | 0 | 219 | |
| EQUIPMENT ITM LTD SOUTH | 2015-01-14 | 2,295 | 2,041 | SL | 10.000000000000 | 230 | 0 | 230 | |
| LENOVO THINKPAD | 2015-08-11 | 1,306 | 1,300 | SL | 7.000000000000 | 0 | 0 | 0 | |
| LAUNDROMETER | 2015-11-10 | 22,217 | 18,054 | SL | 10.000000000000 | 2,222 | 0 | 2,222 | |
| TUFFNAUER 2540M | 2015-11-30 | 3,577 | 2,909 | SL | 10.000000000000 | 358 | 0 | 358 | |
| TUFFNAUER 2540M | 2015-11-30 | 2,000 | 1,624 | SL | 10.000000000000 | 200 | 0 | 200 | |
| BUILDING - ORIGINAL | 2018-01-31 | 237,384 | 34,766 | SL | 39.000000000000 | 6,087 | 0 | 6,087 | |
| BUILDING - ENVIRON FEES | 2018-01-31 | 5,490 | 828 | SL | 39.000000000000 | 141 | 0 | 141 | |
| BUILDING - DONATED VALUE | 2018-01-31 | 300,000 | 45,168 | SL | 39.000000000000 | 7,692 | 0 | 7,692 | |
| ENVIRONMENTAL FEES | 2018-01-31 | 950 | NC | 39.000000000000 | 0 | 0 | 0 | ||
| FENCING | 2018-05-30 | 7,546 | 2,830 | SL | 15.000000000000 | 503 | 0 | 503 | |
| BUILDING IMPROVEMENTS | 2018-10-08 | 11,716 | 1,537 | SL | 39.000000000000 | 300 | 0 | 300 | |
| LAND | 2019-01-01 | 30,000 | L | 0 | 0 | 0 | |||
| IMPROVEMENTS | 2019-01-01 | 26,568 | 3,319 | SL | 39.000000000000 | 681 | 0 | 681 | |
| ROOF | 2020-09-25 | 20,000 | 1,689 | SL | 39.000000000000 | 513 | 0 | 513 | |
| LED LIGHTS | 2020-12-21 | 12,780 | 998 | SL | 39.000000000000 | 328 | 0 | 328 | |
| MOBILE LAB - RV | 2016-07-01 | 13,746 | 10,140 | SL | 10.000000000000 | 1,375 | 0 | 1,375 | |
| HVAC | 2022-10-11 | 25,269 | 810 | SL | 39.000000000000 | 648 | 0 | 648 | |
| OFFICE EQUIPMENT | 2022-12-31 | 15,161 | 2,166 | SL | 7.000000000000 | 2,166 | 0 | 2,166 | |
| BUILDING IMPROVEMENTS | 2023-05-26 | 78,206 | 1,170 | SL | 39.000000000000 | 2,005 | 0 | 2,005 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| DESKS & CHAIRS | 892 | 892 | 0 | |
| LAB EQUIPMENT | 773 | 773 | 0 | |
| UTILITY TRAILER | 3,074 | 3,074 | 0 | |
| LAB EQUIPMENT | 2,509 | 2,509 | 0 | |
| EQUIPMENT ITM LTD SOUTH | 2,295 | 2,271 | 24 | |
| LENOVO THINKPAD | 1,306 | 1,300 | 6 | |
| LAUNDROMETER | 22,217 | 20,276 | 1,941 | |
| TUFFNAUER 2540M | 3,577 | 3,267 | 310 | |
| TUFFNAUER 2540M | 2,000 | 1,824 | 176 | |
| BUILDING - ORIGINAL | 237,384 | 40,853 | 196,531 | |
| BUILDING - ENVIRON FEES | 5,490 | 969 | 4,521 | |
| BUILDING - DONATED VALUE | 300,000 | 52,860 | 247,140 | |
| ENVIRONMENTAL FEES | 950 | 0 | 950 | |
| FENCING | 7,546 | 3,333 | 4,213 | |
| BUILDING IMPROVEMENTS | 11,716 | 1,837 | 9,879 | |
| LAND | 30,000 | 0 | 30,000 | |
| IMPROVEMENTS | 26,568 | 4,000 | 22,568 | |
| ROOF | 20,000 | 2,202 | 17,798 | |
| LED LIGHTS | 12,780 | 1,326 | 11,454 | |
| MOBILE LAB - RV | 13,746 | 11,515 | 2,231 | |
| HVAC | 25,269 | 1,458 | 23,811 | |
| OFFICE EQUIPMENT | 15,161 | 4,332 | 10,829 | |
| BUILDING IMPROVEMENTS | 78,206 | 3,175 | 75,031 |
| Item No. | 1 |
|---|---|
| Lender's Name | SMALL BUSINESS ADMINISTRATION |
| Lender's Title | SBA |
| Relationship to Insider | NONE |
| Original Amount of Loan | 485,000 |
| Balance Due | 485,000 |
| Date of Note | 2022-05 |
| Maturity Date | 2052-05 |
| Repayment Terms | $2,177/MO INTEREST ONLY |
| Interest Rate | 2.750000000000 |
| Security Provided by Borrower | PERSONAL PROPERTY |
| Purpose of Loan | EIDL |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 2,221 | 0 | 0 | 2,221 |
| CONFERENCES & TRAINING | 3,832 | 0 | 0 | 3,832 |
| DUES & SUBSCRIPTIONS | 1,114 | 0 | 0 | 1,114 |
| FUNDRAISING & DEVELOPMENT | 2,200 | 0 | 0 | 2,200 |
| INSURANCE | 11,872 | 0 | 0 | 11,872 |
| LICENSES & PERMITS | 205 | 0 | 0 | 205 |
| POSTAGE & DELIVERY | 3,108 | 0 | 0 | 3,108 |
| REPAIRS & MAINTENANCE | 954 | 954 | 0 | 954 |
| SUPPLIES | 26,419 | 26,419 | 0 | 26,419 |
| TELEPHONE | 2,895 | 0 | 0 | 2,895 |
| VEHICLE EXPENSE | 1,312 | 0 | 0 | 1,312 |
| WASTE DISPOSAL | 3,828 | 0 | 0 | 3,828 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES | 19,600 | 19,600 | |
| TESTING SERVICES | 377,244 | 377,244 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL WITHOLDING | 5,438 | 3,173 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT FEES | 341,500 | 0 | 0 | 341,500 |
| OUTSIDE CONTRACT SERVICES | 11,408 | 0 | 0 | 11,408 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 16,542 | 0 | 0 | 16,542 |