We started 2019 with US$16,667.69 in the bank. For the first three quarters of the year, our average quartely balance was US$16,790.78. Our year-end bank balance was US$16,956.19.
In addition, we ended the year with US$879.06 in our Paypal account.
Thus, our combined assets at year-end were US$17,835.25.
INCOME
We received US$1,459.88 in income. Of that US$259.88 was in checks received, the remaining US$1,200.00 was transferred from our Paypal account and consisted primarily of scheduled sustainer donations, and one-time donations.
SPENDING
Internet hosting continued to be our greatest expense, directly accounting for US$782.26, or 35.97% of expeditures, for the year. Indirect cost of our hosting arrangement were another US$23.20 incurred in bank and credit card foreign transaction fees. Thus, webhosting accounted for US$805.46 in expenditures. A related expense was the renewal of our domain names, accounting for US$29.95
The next largest single expense, was the US$150.00 payment to the Corporate Compliance Center, which is to maintain our status as a corporation legally registered with the state of California.
Following that, there was US$165.61 incurred in mailing costs before we suspended production and distribution of the HDDs.
