NATIONAL OILHEAT RESEARCH ALLIANCE, INC.
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE 9 - DESIGNATED NET ASSETS (continued)
National Spending Not Yet Incurred Designated Net Assets
Included within the budget is $4,671,378 and $3,816,413 in national spending of assessments revenue, which had not yet
been incurred as of December 31, 2017 and 2016, respectively. The Alliance has designated net assets in these amounts
for future program spending, some of which, the Alliance has approved contracts to expend.
NOTE 10 - PROPERTY AND EQUIPMENT
Property and equipment consist of the following as of December 31:
2017 2016
Furniture $ 5,641 $ 5,641
Equipment 68,206 68,206
Website development costs 45,450 45,450
Computers 7,758 10,724
Less: accumulated depreciation and amortization ( 79,997) ( 51,899)
Total $ 47,058 $ 78,122
Total depreciation and amortization expense on property and equipment for the years ended December 31, 2017 and
2016, was $31,064 and $24,029, respectively.
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