Services for Brain Injury

“Client Note 1 - STATEMENT REGARDING BOOKS AND RECORDS______________________________________THE TAX-EXEMPT ENTITY IS A CHAPTER 7 BANKRUPTCY ESTATE. THE CASE NUMBER IS 20-51424 SLJ. FRED HJELMESET IS THE TRUSTEE. THIS IS THE FINAL TAX RETURN THAT WILL BE FILED BY THE BANKRUPTCY ESTATE. THE DEBTOR DID NOT PROVIDE THE BANKRUPTCY TRUSTEE WITH COMPLETE FINANCIAL RECORDS FOR THE 2020 FISCAL TAX YEAR. THIS RETURN HAS BEEN PREPARED USING THE BEST INFORMATION AVAILABLE TO THE BANKRUPTCY TRUSTEE.THE PREPARER BELIEVES A "CONSERVATIVE APPROACH" WAS TAKEN IN THE PREPARATION OF THIS RETURN AND RESERVES THE RIGHT TO MAKE ARGUMENTS/ADJUSTMENTS IN THE EVENT OF AN AUDIT.”

“Depreciation $245751”

“Insurance $13588”

“Bk admin & creditor claims $23765”

“UTILITIES $11057”

“Maintenance & repairs $8029”

“Miscellaneous expense $7049”

“OFFICE EXPENSES $4395”

“Fundraising expense $3280”

“BANK CHARGES $2411”

“PAYROLL PROCESSING $1702”

“TELEPHONE $1542”

“SUBSCRIPTIONS $1025”

“OFFICE SUPPLIES $1017”

“BANK CHARGES $464”

“SUPPLIES $461”

“POSTAGE $388”

“TECHNOLOGY $322”

“INTEREST EXPENSE $257”

“Conferences/training $250”

“MILEAGE REIMBURSEMENT $2”

“Operating expense refund $-654”

“Machinery and Equipment - Beginning $23742 Machinery and Equipment - Ending $0”

“Accounts Receivable - Beginning $174632 Accounts Receivable - Ending $0”

“Prepaid Expenses and Deferred Charges - Beginning $4395 Prepaid Expenses and Deferred Charges - Ending $0”

“LEASE DEPOSIT - Beginning $37285 LEASE DEPOSIT - Ending $0”

“Accounts Payable and Accrued Expenses - Beginning $221511 Accounts Payable and Accrued Expenses - Ending $249136”

“Secured Mortgages and Notes Payable - Beginning $19804 Secured Mortgages and Notes Payable - Ending $0”

“Unsecured Notes and Loans Payable - Beginning $234992 Unsecured Notes and Loans Payable - Ending $234992”

“CLAIM PAYMENTS - Beginning $0 CLAIM PAYMENTS - Ending $-131193”