Civic Intelligence

Lot Network Inc

990 • Fiscal year 2020 • EIN 46-5160062

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2022

Organization ProfileLOTNET.COM

View Organization Page

2055 E Warner Road Ste 101Tempa, AZ 85284

(480) 839-4900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.43x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

55th percentile

7.4%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

98th percentile

$504,400

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

91st percentile

41%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

24%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$2,753,990

Up $796,098 (+41%) from 2019

Net Assets

Up

$1,143,101

Up $277,198 (+32%) from 2019

Liabilities

Up

$1,610,889

Up $518,900 (+48%) from 2019

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin55th percentile

Revenue

Up

$3,740,667

Up $728,499 (+24%) from 2019

Expenses

Up

$3,463,469

Up $187,299 (+5.7%) from 2019

Net Income

Up

$277,198

Up $541,200 (+205%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $1,612,811Liabilities 2015: $194,097Net Assets 2015: $1,418,7142015Assets 2016: $2,930,377Liabilities 2016: $348,561Net Assets 2016: $2,581,8162016Assets 2017: $2,266,888Liabilities 2017: $412,707Net Assets 2017: $1,854,1812017Assets 2018: $2,004,194Liabilities 2018: $874,289Net Assets 2018: $1,129,9052018Assets 2019: $1,957,892Liabilities 2019: $1,091,989Net Assets 2019: $865,9032019Assets 2020: $2,753,990Liabilities 2020: $1,610,889Net Assets 2020: $1,143,1012020Assets 2021: $4,405,027Liabilities 2021: $2,275,266Net Assets 2021: $2,129,7612021Assets 2022: $3,722,374Liabilities 2022: $1,185,919Net Assets 2022: $2,536,4552022Assets 2023: $5,973,071Liabilities 2023: $2,625,174Net Assets 2023: $3,347,8972023Assets 2024: $6,584,256Liabilities 2024: $2,924,283Net Assets 2024: $3,659,9732024

Highlighted filing

2020

Assets$2,753,990
Liabilities$1,610,889
Net Assets$1,143,101
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $1,374,078Expenses 2015: $935,335Net Income 2015: $438,7432015Revenue 2016: $2,528,102Expenses 2016: $1,365,000Net Income 2016: $1,163,1022016Revenue 2017: $1,023,477Expenses 2017: $1,751,112Net Income 2017: -$727,6352017Revenue 2018: $1,715,579Expenses 2018: $2,439,855Net Income 2018: -$724,2762018Revenue 2019: $3,012,168Expenses 2019: $3,276,170Net Income 2019: -$264,0022019Revenue 2020: $3,740,667Expenses 2020: $3,463,469Net Income 2020: $277,1982020Revenue 2021: $5,062,730Expenses 2021: $4,076,070Net Income 2021: $986,6602021Revenue 2022: $6,476,636Expenses 2022: $6,069,942Net Income 2022: $406,6942022Revenue 2023: $7,527,054Expenses 2023: $6,715,612Net Income 2023: $811,4422023Revenue 2024: $9,164,417Expenses 2024: $8,707,352Net Income 2024: $457,0652024

Highlighted filing

2020

Revenue$3,740,667
Expenses$3,463,469
Net Income$277,198
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2022
Return Version
2020v4.2
Gross Receipts
$3,740,667
Mission and Program Overview

Mission

Lot network promotes innovation by reducing the risk of litigation from patent assertion entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,423,145$1,451,404▲ $28,259
Cash and Non-Interest-Bearing Accounts$263,992$905,891▲ $641,899
Savings and Temporary Cash Investments$217,417$312,689▲ $95,272
Prepaid Expenses and Deferred Charges$41,036$81,700▲ $40,664
Land, Buildings, and Equipment, Net$12,302$2,306▼ $9,996
Total Assets$1,957,892$2,753,990▲ $796,098
Liabilities
Accounts Payable and Accrued Expenses$900,156$1,249,491▲ $349,335
Deferred Revenue$191,833$361,398▲ $169,565
Total Liabilities$1,091,989$1,610,889▲ $518,900
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$865,903$1,143,101▲ $277,198
Total Net Assets Fund Balance$865,903$1,143,101▲ $277,198
Total Liabilities and Net Assets / Fund Balance$1,957,892$2,753,990▲ $796,098

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,306$39,996$42,302
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken SeddonCEOFT$400,000$104,400$504,400
Ilja BednerLicensing ExecutiveFT$356,000$54,400$410,400
John BronsnanLicensing ExecutiveFT$241,250-$241,250

Board Members and Trustees

NameTitle
Hideki SanatakeDirector
Patrick McbrideDirector
Tim KowalskiDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Hisao YamasakiLicensing6604 GRANITE CREST CT, San Diego, CA 92130, Ja$360,000
Render Strategies LLCPromotion And CommunicationPO BOX 424, Los Altos, CA 94023$218,334
Hamilton Ip VenturesConsulting-$132,788
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,740,339
Investment Income
$328
Other Revenue
$0
Change in Net Assets
$277,198
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,064,471
Salaries, Compensation, and Employee Benefits$1,398,998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$959,920
Other Salaries and Wages---$782,321
Advertising---$752,695
Current Officers, Directors, Trustees, and Key Employees---$504,400
Other Employee Benefits---$74,112
Fees for Services Accounting---$66,250
Fees for Services Management---$62,790
Fees for Services Legal---$62,048
Travel---$40,426
Payroll Taxes---$38,165
Office Expenses---$27,826
Conferences and Meetings---$14,465
Depreciation Depletion---$9,996
Other Expenses---$8,858
Insurance---$5,438
Information Technology---$3,669
Total Functional Expenses$0$0$0$3,463,469
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gina SeddonMarried to Ken SeddonCompensation for ServicesNo$62,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The ceo and the board of directors will review the 990 prior to filing.”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviews comparability data to determine the compensation of the organization's ceo.”

Form 990, Part VI, Section C, Line 19

“The organization generally makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lot Network Inc
EIN
46-5160062
Phone
4808394900
Address
2055 E WARNER ROAD STE 101, TEMPA, AZ 85284

Signing Officer

Name
Ken Seddon
Title
CEO
Phone
6023215334
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Seddon
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
3

Preparer

Firm
Henry & Horne Llp
Address
2055 E WARNER ROAD SUITE 101, TEMPE, AZ 85284
Preparer
Colette Kamps CPA
Phone
4808394900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultant fees 47,498. Contractor 912,422.”

Raw XML Appendix384 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt054400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt154400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEN SEDDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ILJA BEDNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN BRONSNAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0504400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1410400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2241250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION BASED ON A COMPARISION TO INDUSTRY DATA.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GINA SEDDON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MARRIED TO KEN SEDDON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt062790
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION FOR SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO AND THE BOARD OF DIRECTORS WILL REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS COMPARABILITY DATA TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION GENERALLY MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANT FEES 47,498. CONTRACTOR 912,422.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01957892
IRS990/TotalAssetsEOYAmt02753990
IRS990/TotalAssetsGrp/BOYAmt01957892
IRS990/TotalAssetsGrp/EOYAmt02753990
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/TotalAmt03463469
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01091989
IRS990/TotalLiabilitiesEOYAmt01610889
IRS990/TotalLiabilitiesGrp/BOYAmt01091989
IRS990/TotalLiabilitiesGrp/EOYAmt01610889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0865903
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01143101
IRS990/TotalOtherCompensationAmt0108800
IRS990/TotalProgramServiceRevenueAmt03740339
IRS990/TotalReportableCompFromOrgAmt01047250
IRS990/TotalRevenueGrp/ExclusionAmt0328
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03740339
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03740667
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01957892
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02753990
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt040426
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02055 E WARNER ROAD STE 101
IRS990/USAddress/CityNm0TEMPE
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085284
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0LOTNET.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN SEDDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06023215334
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOT NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0LOTN
ReturnHeader/Filer/EIN0465160062
ReturnHeader/Filer/PhoneNum04808394900
ReturnHeader/Filer/USAddress/AddressLine1Txt02055 E WARNER ROAD STE 101
ReturnHeader/Filer/USAddress/CityNm0TEMPA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085284
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860133881
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENRY & HORNE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02055 E WARNER ROAD SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEMPE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085284
ReturnHeader/PreparerPersonGrp/PhoneNum04808394900
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COLETTE KAMPS CPA
ReturnHeader/ReturnTs02022-11-15T13:11:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SEDDON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,753,990
Liabilities
$1,610,889
Net assets
$1,143,101
Revenue
$3,740,667
Expenses
$3,463,469
Net income
$277,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$2.92$3.66$9.16$8.71$0.46
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$2.63$3.35$7.53$6.72$0.81
2022Detailed filing. Detailed filing data is available for this year.$3.72$1.19$2.54$6.48$6.07$0.41
2021Detailed filing. Detailed filing data is available for this year.$4.41$2.28$2.13$5.06$4.08$0.99
2020Detailed filing. Detailed filing data is available for this year.$2.75$1.61$1.14$3.74$3.46$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$1.09$0.87$3.01$3.28$0.26
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.87$1.13$1.72$2.44$0.72
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.41$1.85$1.02$1.75$0.73
2016Summary only. Only limited summary data is available for this year.$2.93$0.35$2.58$2.53$1.37$1.16
2015Summary only. Only limited summary data is available for this year.$1.61$0.19$1.42$1.37$0.94$0.44