Promote Inc.

Schedule O:

“Other Revenues 30 k in income from the forgiveness of a 30 k long term no interest loan Other Expenses of 11998 are 70 k in program expense 40 k for training software and 30 in travel expenses plus 8 k for Luna Institute provided continuing education for Promotes trainers 45600 in merchant fees for revenue processing and 78 in general office supplies and software subscriptions Changes in net assets of 64300 is due to an increase in assets of 28822 76 k in net income 246 k in deferred revenues a net increase in accounts payable of 16800 offset by the 30 k reduction in long term liabilities from the forgiven loan Increase in liabilities of 218 k is due to a 246 k increase in deferred revenue a net increase of accounts payable of 16800 offset by the reduction in long term liabilities due to the 30 k long term no interest loan”