Bridge Center of Schenectady Inc

“Description: bank charges. Amount: 70. Description: depreciation. Amount: 6,844. Description: leased equipment expense. Amount: 419. Description: food. Amount: 3,064. Description: insurance. Amount: 155. Description: cleaning supplies. Amount: 261. Description: office supplies. Amount: 738. Description: cable tv residences. Amount: 219. Description: telephone. Amount: 1,237. Description: interest. Amount: 49. Description: transportation. Amount: 1,123. Description: state recoupments. Amount: 10,252. Description: miscellaneous. Amount: 424. Total to form 990-ez, line 16: 24,855.”

“Description: transfer of assets to new choices recovery center. Amount: -342,838.”

“Description: accounts receivable. Beg. Of year amount: 39,400. End of year amount: 0. Description: prepaid expenses. Beg. Of year amount: 14,834. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 25,852. End of year amount: 0.”

“Description: accounts payable and accrued expenses. Beg. Of year amount: 44,766. End of year amount: 0. Description: deferred revenue. Beg. Of year amount: 5,195. End of year amount: 0. Description: due to government. Beg. Of year amount: 2,042. End of year amount: 0.”

“The business combination was approved by oasas in march 2014 and the new operating certificate commenced on april 1, 2014. As a result, a motion was made and passed by the board of directors to dissolve bridge center of schenectady, inc. As of march 31, 2014. The acquisition was accounted for in the financial statements by recording the estimated fair market value of the assets less the value of the liabilities assumed at the date of the acquisition. As a result of the acquisition, contribution revenue in the amount of $342,838 was recorded for the year ended december 31, 2014 representing the amount that the fair value of assets exceeded the fair values of liabilities assumed by new choices recovery center.”