Cso Inc.

“Other assets went from 112,545 to 0 in order to reflect the cash basis of accounting. Customer leasehold credits went from 87,836 to 0 in order to reflect the cash basis of accounting. Fixed assets decreased from 190,101 to 86,271 in order to reflect the cash basis of accounting as well as reallocate items paid for by cso, inc. Versus the tenants. Accumulated depreciation decreased from 103,057 to 85,392. Contributions went from 35,500 to 42,700 and other revenue decreased by 7,200 in order to reallocate a charitable donation. Rental income went from 33,080 to 13,952 in order to reflect the cash basis of accounting. Reimbursement income went from 23,352 to 0 and repairs and maintenance went from 2,284 to 2,179 in order to reallocate items paid for by cso, inc. Versus the tenants. Depreciation expense decreased from 67,433 to 49,768.”

“Tenant utility & cam 27,650 rental income 13,952 total 41,602”

“Expenses dues and subscriptions 770 insurance 12,655 janitorial expense 1,960 office supplies 1,004 repairs and maintenace 3,629 security 563 utilities 19,345 non-investment depreciation 2,471 total 42,397”

“38,261 86,271 less accumulated depreciation 35,624 38,095 fixed assets 0 0 total 2,637 48,176”

“Loan from l d sullivan 7,200 0 tenant security deposits 4,098 4,098”

“The mission of cso is to provide a disaster relief reception center and transit hub serving delaware and delmarva. Included in this mission is special consideration for the community tie-in, which will seek to develop unutilized properties for this purpose and will ultimately improve the local communities and local economies in which these properties are located.”