Victoria Hand Project

“Bank charges $ 91, Utilities $ 473, Promotional, Outreach and Media $ 1,229, Office supplies $ 38, VHP Materials $ 2,446, Conference $ 299 Equipment $ 2,011, Research and Development $ 25, Travel $ 90, Shipping $ 2,326, Payments to partners $ 2,490, Corporate Fees $ 632, Payroll software $ 75, Loan Payable $ 6,762, Accumulated Depreciation $1153”

“Used exchange rate on year end date (December 31, 2021) to convert from Canadian dollars to United States dollars. The exchange rate that was used is 1 Canadian dollar = 0.781576 United States dollars. The amounts for the following equipment listed in this category is the depreciated amount on December 31, 2021. Ultimaker 2+ 3D Printers x 6, Ultimaker 2 Extended+ 3D Printer x 3, All-in-one Computer x 2, Nikon Digital Cameras x 3, NextEngine Laser Scanner x 2 Uninterruptible Power Supply x 1, Ultimaker Extrusion Upgrade Kit x 3, AgiSoft PhotoScan Software x 1, Brother Paper Printer x 1, Lenovo Laptop x 1, Ultimaker 2+ Connect 3D printer x 1. Beginning of the year added $2.6 to other assets to account for rounding error in equipment depreciation calculations.”

“No liabilities, cash basis accounting method used.”

“Officers and Directors were not compensated directly by the Victoria Hand Project. The Executive Director, Michael Peirone, was employed and paid by the University of Victoria as a Research Assistant. This involved a collaborative project between a University of Victoria research laboratory and Victoria Hand Project. Michael Peirone was paid an annual salary of $41,814 USD for this work. University of Victoria is a Canadian organization and did not prepare W2 forms for this work.”