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<br /> <br />HARDESTY & HANOVER, LLC <br />FAR Note Details <br />For the Year Ended December 31, 2019 <br /> <br />a) Travel costs in excess of Federal Travel Regulations is disallowed (FAR 31.205-46) $ 97,283 <br /> <br />b) Contributions and gifts are disallowed (FAR 31.205-8; FAR 31.205-13) $ 50,454 <br /> <br />c) Interest is disallowed (FAR 31.205-20) $ 28,991 <br /> <br />d) Goodwill is disallowed (FAR 31.205-49) $ 170,633 <br /> <br />e) Bad debts are disallowed (FAR 31.205-3) $ 407,000 <br /> <br />f) Limitation on allowability for compensation is disallowed (FAR 31.205-6(p)) $ 322,806 <br /> <br />g) Lobbying costs, paid as a percentage of professional dues are disallowed <br /> (FAR 31.205-22) $ 10,924 <br /> <br />h) Leasing costs in excess of reasonableness on luxury automobile <br /> are disallowed (FAR 31.205-36) $ 8,210 <br /> <br />i) Airfare costs in excess of the lowest priced airfare available to the contractor <br /> during normal business hours are unallowable (FAR 31.205-46 (b)) $ 12,098 <br /> <br />j) Composite taxes for members are disallowed (FAR 31.205-41) $ 77,188 <br /> <br />k) Public relations are advertising costs are disallowed (FAR 31.205-1) <br /> The overhead amount of solicitation allowable of $8,288 is <br /> from the costs of activities to promote sales outside of the U.S. <br /> and allowable under FAR $ 29,480 <br /> <br />l) Pension plans using the pay-as-you-go cost method adjustment <br /> for what was paid (FAR 31.205-6(j)(5)) $ (91,223) <br /> <br />m) Portion of the accounting fee allocable to members’ personal expense paid <br /> by LLC are disallowed (FAR 31.201-3) $ 100,099 <br /> <br />n) Income tax accruals designed to account for the tax effects of differences <br /> between taxable income and pretax income as reflected by the books of <br /> account and financial statements (FAR 31.205-41(b)(7)) $ 47,287 <br /> <br />o) Cost of alcoholic beverages are disallowed (FAR 31.205-51) $ 21,558 <br /> <br />p) Cost of holiday parties and costs of alcoholic beverages are disallowed <br /> (FAR 31.205-51; FAR 31.205-14) $ 102,222 <br /> <br />q) Entertainment and similar charges are disallowed (FAR 31.205-14) $ 167,817 <br /> <br /> <br /> <br /> <br /> <br />-5-