Sunset Capital Assets, Inc. (SNST)

[Roland Rick Perry]

Expenses.

(For the year. These are not in thousands)

Automobile. $231. That's $19 a month.
Continuing Education $60
Civic Dues $75
Printing $109
Vault $399

They did get wild and crazy and spent $6,722 on meals and entertainment.

http://www.otcmarkets.com/financialReportViewer?symbol=SNST&id=135199

5. OTHER ASSETS

http://www.otcmarkets.com/financialReportViewer?symbol=SNST&id=129018

The Company has a number of fine art, antiquities, and hard assets, none of which are held for trading purposes. The Company estimates that the fair value of all fine art, antiquities, and hard assets atDecember 31, 2013 did not materially change from the aggregate carrying values of its antiquities recorded on the accompanying balance sheet.

Hard assets are comprised of over 15,000 carats of various precious gemstones in a secured vault and are carried at Cost of acquisition. On August 30, 2014, the Company received an independent appraisal from LLOYDS ASSOCIATES INC. in accordance with the 2012-2013 USPAP. The values provided by the appraiser are as of the aforementioned date. The appraisal is for Retail Replacement Value, defined by the Appraiser’s Association of America as the amount it would cost to replace an item with one of similar and like quality purchased in the most appropriate market place within a limited amount of time; Fair Market Value, defined by the Appraiser’s Association of America as the price that property would sell for on the open market between a willing buyer and willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts; and neither being under constraint to buy or sell.

Replacement value: $1,229,238,322
Appraised value: $812,004,909

April 30, 2012, the Company issued 10,000,000 Preferred Shares to complete the acquisition of HAF
Investment Holdings, LLC, a Delaware limited liability company, originally announced on January 18,
2012

I have no idea how I found this or why I'm typing this when it's happy hour and I should be on a bar stool..