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Prophy Research Corporation reports
Goodwill report 2003

Goodwill Report (This is more correctly a stock worksheet - it has hard assets too)
Prophy Research Corporation
Year: 2003
date draft: 1-24-04
This worksheet "zeroed out"  from most recent "Goodwill Report (year)" file
 (easy to do, prob best to use the most current each year and just take out values)
(Left in some values, like $/share, $/hr, pat helpers amounts, various triggers like "visit"etc.)
(Watch out for "manual" numbers, try to mark with * ,
these are added in by me as I do this, from other reports, etc.)
file:Goodwill Report (this year)
A good easy place to see what I was working on each quarter is the floppy disc labels.
To whom and why goodwill stock is given from the company. (Other categories are in other parts of this worksheet, like hard asset =~cash stock, and givers/traders for when goodwill stock is given from one individual to another.) Total $ value for the year # shares @ value per share:
   $      10
Ray - crudely guesstimated hourly work, no salary. (Patents, licensing, reports, CEO) Period hours $/hr sub-total    
1st Qtr 100 20 2000 15200 1520
2nd Qtr 280 20 5600    
3rd Qtr 280 20 5600    
4th Qtr 100 20 2000    
             
Tom - crudely guesstimated hourly work for year. year 10 50 500 2000 200 Tom rresigned 12-31-03
Chairman "salary" year -put  in year's sal:     1500    
bonus       0    
             
Darby-crudely guesstimated hourly work for year. year 20 50 1000 2000 200
Vice President "salary" year -put  in year's sal:     1000    
bonus       0    
     
Reg stk holders bonuses: 0 0
Sylvia Pager - director 100 100 10 Ray Grogan total (just above and way above)
    0 1520
    1930 Reg total
BSA stk club - patent helpers: 0 0
Heinz & Julia B - Swiss usual+resp label 3-03 + Dafalgan find 60 60 6 (They pay ~$600US/yr in Swiss pat fees
Heinz & Julia B-bonus 300 300 30 as joint owners, for 1/2 eventual royalties.
Pat rep - Eric L - assumed S.A. DBW maintain 100 100 10 BSA tot Their investment/success helps us both
  0 0 52 as the other owners and as example.)
BSA Paul B inspired lic work with req for iron lic 1-03 10 10 1
Rest of BSA stk clb Hans faxed labels 3-03 50 50 5
0 0 0
PD stk club         0 0 0 PD total
           
Total New Goodwill OptiDose *   19,820  $    19,820 1982
(And where it gets added) OsteoPat*   0 check 1982 (Generally no more Osteo GW - abandoned in 2002)
Total (match total new GW?) 19,820 check 1982 (If the check ain't right - don't take the wrong number off to balance sheet.)
*manual from total new goodwill (do each year)
Page break here - Goodwill Report page 3        
To whom and why hard asset stock is given from the company. Total for year (from above)
Ray Grogan - expenses (see expense report) 1st draft 1942 1942 194.2
BSA Heinz -expenses (see expense report) 1st draft 0 0 0
BSA Eric -expenses (see expense report) 1st draft 0 0 0 Going zero on Eric expenses until
(obvious? note - no stk credits for expenses pd by bank) 0 0 confirmation. Still giving $100 as GW.
  0 0
Ray Grogan - Bank deposits (see bank report) 0 0 0
0 0
          0 0
Total new hard asset  $    1,942 194.2
Checks - total expenses*: 2067 Cash* inc or dec(-): -25 Check 194.2
Ray's total HA: 1942 Total new HA chk: $2,042
* manual from other reports
Check bank again - how much in checks? I've made some big mistakes here
And caught before too late by this new form. Affected my HA and Cash inc or dec.
Total new shares from company (GW & HA)      $  21,762 2176.2
.
Givers/Traders            
The goodwill below is not new goodwill. This is goodwill that was already poofed into existence when the company gave it to someone earlier. Now it is being given to someone else. Most of these are from me (Ray) to friends and family.  
             
To whom goodwill stock is given and why. If not from Ray make a note. Some of the family givers are formulas, based on my own GW & HA above. Total $ value for the year (in effect from above)  
Ray's GW from above: 15200 HA from above: 1942    $17,142  
Mary - 25% of my GW Nepotism (instead of real money they'd get if I had a real job) 3800    
Abe - 12.5% of my GW 1900    
Lucy - 12.5% of my GW 1900    
Mary - 33% of my HA (as GW) Family money spent 647    
Abe - 16.7% of my  HA (as GW)   "   324    
Lucy - 16.7% of my  HA (as GW)   "   324    
Note-Mary and Jack used to be both Reg and FT stockholders. To reduce confusion, I made them both Reg only in 1997.    
   
Reg Ray to Reg Mary from above: 4447 4450 Manual roundoff*  $    4,450 445.00
Reg Ray to Reg Mark & Susie U 50 Summer wk, big red, Yelstn, Xmas visit  $        50 5
Reg Ray to Reg Jack: 50 GI bill, Mtn Vw, Paternalism*  $        50 5
Total Reg Ray to other Regs 4550 (Some of these cells have 2 decimal places to remind me that the # of shares should be even)
Now do Abe and Lucy from above and rest of FT.
FT (A stock club of Ray's family who mostly get stock for family reasons, the "Family Trust") totals on next page.
Page break here, givers/traders continue from page above - Goodwill Rep pg 4
Abe's total from above: 2224 2230 Manual roundoff*  $    2,230 223.00
Lucy's total from above: 2224 2230 Manual roundoff*  $    2,230 223.00
  0 0
Nancy G 70 HI visit, MH help 70 7
Kit O 0 Xmas visit   0 0 (Kit's on quick New Yrs is in 2004)
Sharon O (combo w/ Kit) Xmas visit   0 0 (No Xmas visit this year credited.)
Ben & Tanya O Rhett, Parker 20 Smmr Ark, Fast devo find 20 2
Katie O Xmas visit   0 0
Polly G 0 Xmas visit   0 0
Stephie G 0 Xmas visit   0 0
Dyan H 10 Visit   10 1
Elaine H (combo w/ Dylan) 10 Visit   10 1
Linda H 10 Visit   10 1
Ben & Ruth S 10 Visit   10 1
Levon M (now N) 10 Visit, Mary   10 1
    0 0
    0 0
Total Reg Ray to FT $        4,600 shares: 460    
             
(Givers/traders cont'd)  
NHSC (A stock club of friends who sort of help, but not enough to deserve company stock, the "No Hair Surf Club") 2nd entries for same person sub total on last entry    
  Period $      
        0 $0 0
Luke Koninger - Hardin -Excel on web   10   10 $10 1 new
Joe Hyeon - MH shack building spring 03   10   10 $10 1 new
Mike Elhoff - MH plumb rescues   20   20 $20 2 new
Mike Pokry. MH - liberate a rock   10   10 $10 1 new
      0 $0 0
        0 $0 0
        0 $0 0
Don Arnie Arnold - RAGBRAI ride   10   10 $10 1
Carolyn Carley - Easter Bunny   10   10 $10 1  
Morgan Blank - comp use   20   20 $20 2
Morgan B & Marianna Dr. Pager summer 03   10   10 $10 1  
        0 $0 0
Totals down NHSC   100 0 100    
Totals across NHSC   100    
Total Reg Ray to NHSC  $       100 shares 10    
Total Goodwill Given          $      9,250 925
or Traded         check 925
Any hard asset shares given or traded? NO        
             

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