Hdsa Research Initiatives Inc

“As a result of the Board's approval of the plan of complete liquidation, the Organization adopted the liquidation basis of accounting effective June 21, 2013. This basis of accounting is considered appropriate when, among other things, liquidation of the organization is probable and the net realizable values of assets are reasonably determinable. Under this basis of accounting, assets are valued at their net values and liabilties are stated at their estimated settlement amounts. The conversion from the accrual basis of accounting to liquidation basis of accounting requires management to make significant estimates and judgements to record assets at estimated realizable value and liabilities at estiamted settlement amounts. These estimates are subject to change based upon the timing of asset distributions, potential sales and further deterioration of the market.”

“Other Expenses Consisted of the Following: 1. Miscellaneous $ 111 2. Distribution to Huntington's Disease Society of America 382,526 --------- $ 382,637 =========”

“Description:UNREALIZED LOSSES ON INVESTMENTS Amount:-1350”