2018-10-17T09:43:56-05:00 2017-12-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2017-01-01 680492065 PUBLIC LIBRARY OF SCIENCE PUBL 4156241200 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 RICHARD HEWITT CFO 4156241200 2018-10-16 1 KATY BROWN P00650274 9257902600 2018-10-16 66.70.122.36 2018-10-16 13:45:57 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A2EF7C6B3EF9173E0A95C57244F2B1B86FE486B2 2017 2018-06-14 16:35:46Z RICHARD HEWITT 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 41780694 0 X WWW.PLOS.ORG X 2001 CA PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION OF THE ORGANIZATION'S MISSION. 8 7 210 8311 292800 0 7215 4732 37357740 35375666 -315917 715628 339112 96412 37388150 36192438 0 0 0 0 21911293 22281610 0 0 0 17127717 16210669 39039010 38492279 -1650860 -2299841 34744489 21016206 4953660 4048117 29790829 16968089 X PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION OF THE ORGANIZATION'S MISSION. 0 0 30547894 35092866 SCIENCE AND MEDICAL PUBLISHING ARE THE CORE OF PLOS PROGRAM EXPENSE AT OVER $30 MILLION. THE SCOPE OF PLOS JOURNALS INCLUDES: PLOS ONE, THE FIRST MULTIDISCIPLINARY OA JOURNAL PUBLISHING ALL TECHNICALLY VALID AND ETHICAL RESEARCH, REGARDLESS OF ANTICIPATED IMPACT. PLOS BIOLOGY, PUBLISHING ARTICLES OF EXCEPTIONAL SIGNIFICANCE, ORIGINALITY AND RELEVANCE IN ALL AREAS OF BIOLOGICAL SCIENCE, FROM MOLECULES TO ECOSYSTEMS TO DATA-DRIVEN META-RESEARCH. PLOS MEDICINE, WITH ARTICLES IN ALL AREAS OF MEDICAL SCIENCE, CLINICAL PRACTICE AND HEALTH POLICY INCLUDING A VARIETY OF STUDY DESIGNS.(CONTINUED ON SCHEDULE O). PLOS COMPUTATIONAL BIOLOGY, PUBLISHING WORK THAT FURTHERS THE UNDERSTANDING OF LIVING SYSTEMS AT ALL SCALES THROUGH THE APPLICATION OF COMPUTATIONAL METHODS. PLOS GENETICS, FOCUSED ON ORIGINAL CONTRIBUTIONS IN GENETICS AND GENOMICS THAT REFLECT THE FULL BREADTH, INTERDISCIPLINARY NATURE AND IMPACT OF THESE FIELDS ON SCIENCE AND MEDICINE. PLOS NEGLECTED TROPICAL DISEASES, THE FIRST JOURNAL SOLELY DEVOTED TO CHRONIC AND POVERTY-PROMOTING INFECTIOUS DISEASES, PUBLISHES RESEARCH ON ALL ASPECTS OF NTDS. PLOS PATHOGENS, FIRST OA JOURNAL FOR BREAKTHROUGHS IN UNDERSTANDING PATHOGENS AND THEIR INTERACTIONS WITH HOST ORGANISMS. IN 2017 PLOS FOCUSED ON EASING AND MODERNIZING PROCESSES FOR OUR INTERNATIONAL COMMUNITY OF CONTRIBUTORS TO MORE QUICKLY BRING WORK TO THE PUBLIC; EXPANDING OPPORTUNITIES FOR AUTHORS AND READERS TO PARTICIPATE IN THE SCIENTIFIC DISCOURSE; AND UPDATING POLICIES AND PRACTICES TO IMPROVE RECOGNITION, CREDIT AND REPRODUCIBILITY. THE FOLLOWING ARE KEY HIGHLIGHTS FROM OUR WORK IN 2017: WE PROVIDED AUTHORS BETTER WAYS TO SHARE AND GET CREDIT FOR LABORATORY RESEARCH METHODS THROUGH A PARTNERSHIP WITH PROTOCOLS.IO. UNIQUE DOIS FOR METHODS ON PROTOCOLS.IO CAN BE INCLUDED IN SUBMISSIONS, ALLOWING REVIEWERS AND EDITORS ACCESS TO THE PROTOCOLS DURING PEER REVIEW TO ACCELERATE THE PROCESS AND ENHANCE REPRODUCIBILITY. WE MADE PROGRESS TOWARDS A NETWORKED ECOSYSTEM WITH MORE THAN 100,000 AUTHENTICATED ORCID USERS IN OUR SYSTEM. ORCID ENABLES CONNECTIONS BETWEEN PUBLICATIONS, GRANTS AND RESEARCHERS, AND PROVIDES ACCURATE RECOGNITION, APPROPRIATE CREDIT AND EASIER DISCOVERY OF AUTHORS' WORK BY POTENTIAL COLLABORATORS, FUNDERS AND EMPLOYERS. WE STRENGTHENED FUTURE DISCOVERABILITY, DISTRIBUTION AND USE OF CITED REFERENCES WITHIN ARTICLES AS A FOUNDING SIGNATORY OF THE INITIATIVE FOR OPEN CITATIONS (IOC4), A COLLABORATION WITH OPEN CITATIONS, THE WIKIMEDIA FOUNDATION, ELIFE, DATACITE, AND THE CENTRE FOR CULTURE AND TECHNOLOGY AT CURTIN UNIVERSITY TO PROMOTE UNRESTRICTED AVAILABILITY OF CITATION DATA. WE EXPANDED OUR COLLECTIONS PROGRAM IN ORDER TO ENHANCE DISCOVERY AND UNDERSTANDING OF RELATED RESEARCH AND INSPIRE NEW CONNECTIONS BETWEEN DISPARATE WORK. THESE CURATED COLLECTIONS OF ARTICLES NOW INCLUDE KEY COLLECTIONS ON TRAFFICKING, EXPLOITATION AND HEALTH; CHALLENGES IN ENVIRONMENTAL HEALTH; AND PARTICIPATORY MONITORING FOR FORESTS, CLIMATE AND REDD+. WE CONTINUED DEVELOPMENT OF PLOS MEDICINE SPECIAL ISSUES, BRINGING TOGETHER ORIGINAL RESEARCH AND COMMENTARY ON PRIORITY TOPICS IN HUMAN HEALTH UNDER THE GUIDANCE OF EXPERT GUEST EDITORS IN ORDER TO RAISE BROAD AWARENESS AND ACCELERATE PROGRESS IN FOCUS AREAS. FEATURED TOPICS INCLUDE CARDIOVASCULAR DISEASE; ADVANCES IN HIV PREVENTION, TREATMENT AND CURE; TRAUMATIC INJURY; AND DEMENTIA: ACROSS THE LIFESPAN & AROUND THE GLOBE. WE FOSTERED DISCOVERY, EXPLORATION AND CONTEXTUAL INSIGHTS BY COMBINING CURATED, QUALITY RESEARCH; FACTUAL NEWS FROM RELIABLE WEB SOURCES; AND EXPERT COMMENTARY VIA PLOS CHANNELS. IN 2017, WE EXPANDED THE PROGRAM WITH THE LAUNCH OF CHANNELS ON CHOLERA, TUBERCULOSIS, RESPONDING TO CLIMATE CHANGE, AND DISEASE FORECASTING & SURVEILLANCE. WE CONTINUED OUR PUBLICATION FEE ASSISTANCE PROGRAMS, DESIGNED TO OVERCOME BARRIERS TO IMMEDIATE AVAILABILITY, ACCESS AND USE OF RESEARCH. IN 2017 PLOS PROVIDED $2.1 MILLION IN PARTIAL OR FULL ARTICLE PROCESSING CHARGE (APC) WAIVERS TO AUTHORS. THIS MAJOR PROGRAM EXPENSE, WHICH APPEARS AS A CONTRA-REVENUE FOR FINANCIAL REPORTING PURPOSES, DEMONSTRATES OUR SUPPORT TO SCIENCE AND THE GLOBAL RESEARCH COMMUNITY. 30547894 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 106 0 1 210 1 1 1 1 UK 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X SUSAN AU DIRECTOR OF FINANCE AND ACCOUNTING 4156241200 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 MICHAEL W CARROLL BOARD MEMBER 5.00 X 0 0 0 MICHAEL B EISEN BOARD MEMBER/CO-FOUNDER 5.00 X 0 0 0 DAVID LIDDLE BOARD MEMBER 5.00 X 0 0 0 ROBIN LOVELL-BADGE BOARD MEMBER 5.00 X 0 0 0 MEREDITH T NILES BOARD MEMBER 5.00 X 0 0 0 JENNY MACHIDA BOARD MEMBER 5.00 X 0 0 0 GARY E WARD BOARD CHAIR 5.00 X X 0 0 0 ALISON MUDDITT CEO (START JUN 2017) 40.00 X X 185590 0 17698 RICHARD HEWITT CFO/INTERIM CEO 40.00 X 345408 0 31849 RAY CAMPBELL GENERAL COUNSEL & SECRETAR 40.00 X 198237 0 19840 CATHERINE RAYHILL CHIEF TECHNOLOGY OFFICER 40.00 X 290925 0 31013 VERONIQUE KIEMER EXECUTIVE DIRECTOR 40.00 X 305377 0 24864 LOUISE PAGE PUBLISHER 40.00 X 321662 0 10800 HELEN ATKINS DIRECTOR, PUBLISHING SERVI 40.00 X 199774 0 14172 SUSAN AU DIRECTOR OF FINANCE/INTERIM CFO 40.00 X 209149 0 14592 NICHOLAS PETERSON DIRECTOR SOFTWARE DEVELOPM 40.00 X 203529 0 27106 LAURENCE PEIPERL CHIEF EDITOR 40.00 X 188059 0 22180 PAULA CARTER DIRECTOR, PMO 40.00 X 178446 0 13929 ELIZABETH MARINCOLA FORMER CEO (THRU DEC 2016) 0.00 X 362020 0 1000 2988176 0 229043 59 1 1 0 APEX COVANTAGE LLC 198 VAN BUREN STREET 200 PRESIDENT HERNDON VA 20170 COMPOSITION 1768138 KAUFMAN WILLS FUSTING & COMPANY 1010 STREEPER ST S BALTIMORE MD 21224 EDITORIAL SERVICES 1737573 EDITORIAL OFFICE LTD 2I LION CLOSE RG25 3HL OVERTON HAMPSHIRE UK EDITORIAL SERVICES 1559225 MUTUALLY HUMAN SOFTWARE LLC 401 HALL SW SUITE 430 GRAND RAPIDS MI 49503 SOFTWARE DEVELOPMENT 1451821 J&J EDITORIAL 201 SHANNON OAKS CIR 124 CARY NC 27511 EDITORIAL SERVICES 1358293 21 4732 4732 PUBLICATION FEES, NET 519130 34832837 34832837 ADVERTISING 519130 292800 292800 CO-DEV REV 519130 165000 165000 REPRINTS 519130 85029 85029 35375666 478129 478129 86412 0 86412 86412 86412 5825755 5548986 39270 276769 -39270 237499 237499 MISCELLANEOUS REVENUE 900099 10000 10000 10000 36192438 35092866 292800 802040 2146283 1641736 504547 16316385 12480740 3835645 2361624 1806455 555169 1457318 1114733 342585 35823 35823 64898 64898 24451 24451 1222872 851297 371575 373526 373526 660259 216593 443666 1264180 841557 422623 1710544 1343013 367531 890414 571899 318515 601450 472221 129229 98495 77332 21163 PRODUCTION COSTS 8567099 8567099 TRAINING & RECRUITMENT 474734 15451 459283 OTHER EXPENSES 221924 174242 47682 38492279 30547894 7944385 0 1306108 912832 280747 175976 1902852 1718422 57497 59089 775280 996267 4957649 3655876 10139000 1301773 20274603 15843445 8402 8402 34744489 21016206 3072923 2548678 513967 432649 1366770 1066790 4953660 4048117 X 29790829 16968089 29790829 16968089 34744489 21016206 X -2299841 641143 -11164042 X X 0 1 X 1 0 X 445110 81797 208446 7215 4732 747300 45540615 44310230 42343985 36882826 35082866 204160522 45985725 44392027 42552431 36890041 35087598 204907822 0 0 0 204907822 719523 1077267 1180467 933692 564541 4475490 72456 3498 75954 791979 1077267 1183965 933692 564541 4551444 688 2698 832 4218 46778392 45471992 43737228 37823733 35652139 209463484 0.97830 0.97830 0.02170 0.02170 X 0 0 0 0 0 0 0 0 1 1742 1742 0 PART II-B, LINE 1: PLOS PARTICIPATED IN THE NET NEUTRALITY CAMPAIGN THAT WAS ORGANIZED BY FIGHT FOR THE FUTURE ORGANIZATION WHICH INVOLVED MANY PARTICIPATING INTERNET ORGANIZATIONS JOINING ITS CAUSE. PLOS CREATED AN AWARENESS POP UP MESSAGE ON OUR WEBSITE AS PART OF THE ONE DAY CAMPAIGN EFFORT RELEASED ON JULY 12, 2017. ANYONE WHO ACTIVELY CLICKS ON THE POP UP MESSAGE IS DIRECTED TO MAIN ORGANIZER'S WEBSITE FOR MORE INFORMATION AND CALL FOR ACTION. 1099251 715311 383940 2868564 1950731 917833 989834 989834 0 1301773 ACCRUED PAYROLL LIABILITIES 1066790 1066790 X 36778206 641143 -55375 585768 36192438 0 36192438 38492279 0 38492279 0 38492279 PART X, LINE 2: PLOS HAS RECEIVED NOTIFICATION FROM THE INTERNAL REVENUE SERVICE AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 27301D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE EXEMPTIONS ARE SUBJECT TO PERIODIC REVIEW BY THE FEDERAL AND STATE TAXING AUTHORITIES, AND MANAGEMENT IS CONFIDENT THAT PLOS CONTINUES TO SATISFY ALL FEDERAL AND STATE STATUTES IN ORDER TO QUALIFY FOR CONTINUED TAX EXEMPTION STATUS. PLOS MAY PERIODICALLY RECEIVE UNRELATED BUSINESS INCOME (SUCH AS ADVERTISING INCOME, ETC.) REQUIRING PLOS TO FILE SEPARATE TAX RETURNS UNDER FEDERAL AND STATE STATUTES. PLOS ALSO HAS CERTAIN TRANSACTIONS REQUIRING THE PAYMENT OF ADDITIONAL EMPLOYER TAXES TO HM REVENUE AND CUSTOMS IN THE U.K. UNDER SUCH CONDITIONS, PLOS CALCULATES AND ACCRUES THE APPLICABLE TAXES. PLOS IS NOT SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, NOR WAS FOR ANY PRIOR YEARS. PLOS ASSESSES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AGAINST MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION. BASED ON AN ANALYSIS PREPARED BY PLOS, IT WAS DETERMINED THAT PLOS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXCHANGE RATE -55,375. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 48 PROGRAM SERVICES EDITORIAL SUPPORT TO SERVE U.S. OPERATIONS. 3681154 1 48 0 0 1 48 3681154 0 3681154 0 0 0 0 0 0 X X X X X 1 0 0 0 0 0 0 0 0 ALISON MUDDITT CEO (START JUN 2017) 185590 0 0 0 0 0 7577 0 10121 0 203288 0 0 0 RICHARD HEWITT CFO/INTERIM CEO 326608 0 18800 0 0 0 10800 0 21049 0 377257 0 0 0 RAY CAMPBELL GENERAL COUNSEL & SECRETAR 191954 0 6283 0 0 0 7527 0 12313 0 218077 0 0 0 CATHERINE RAYHILL CHIEF TECHNOLOGY OFFICER 276213 0 14712 0 0 0 10800 0 20213 0 321938 0 0 0 VERONIQUE KIEMER EXECUTIVE DIRECTOR 287869 0 17508 0 0 0 10800 0 14064 0 330241 0 0 0 LOUISE PAGE PUBLISHER 295649 0 26013 0 0 0 10800 0 0 0 332462 0 0 0 HELEN ATKINS DIRECTOR, PUBLISHING SERVI 193421 0 6353 0 0 0 7777 0 6395 0 213946 0 0 0 SUSAN AU DIRECTOR OF FINANCE/INTERIM CFO 202712 0 6437 0 0 0 8197 0 6395 0 223741 0 0 0 NICHOLAS PETERSON DIRECTOR SOFTWARE DEVELOPM 196633 0 6896 0 0 0 8170 0 18936 0 230635 0 0 0 LAURENCE PEIPERL CHIEF EDITOR 182181 0 5878 0 0 0 7007 0 15173 0 210239 0 0 0 PAULA CARTER DIRECTOR, PMO 172737 0 5709 0 0 0 7030 0 6899 0 192375 0 0 0 ELIZABETH MARINCOLA FORMER CEO (THRU DEC 2016) 0 0 0 0 362020 0 1000 0 0 0 363020 0 0 0 PART I, LINE 4A ELIZABETH MARINCOLA RECEIVED SEVERANCE PAYMENT OF $362,020 RELATING TO TERMINATED EMPLOYMENT ENDING DEC 31, 2016. PART I, LINE 1 PLOS (PUBLIC LIBRARY OF SCIENCE) IS A LEADING NONPROFIT OPEN ACCESS (OA) PUBLISHER DEDICATED TO ACCELERATING PROGRESS IN SCIENCE AND MEDICINE BY LEADING A TRANSFORMATION IN HOW RESEARCHERS COMMUNICATE WITH ONE ANOTHER AND THE PUBLIC. THE PLOS SUITE OF JOURNALS CONTAINS RIGOROUSLY PEER-REVIEWED OA RESEARCH ARTICLES FROM ALL AREAS OF SCIENCE AND MEDICINE, TOGETHER WITH EXPERT COMMENTARY AND ANALYSIS. PLOS BELIEVES SCIENTIFIC IDEAS AND DISCOVERIES ARE A PUBLIC GOOD AND SUPPORTS OA TO MAKE SCIENTIFIC ARTICLES IMMEDIATELY AND FREELY AVAILABLE TO READERS WITHOUT CHARGE OR OTHER BARRIERS. WE SEEK TO OPTIMIZE THE OPENNESS AND INTEGRITY OF THE PUBLICATION PROCESS TO ENSURE THAT RESEARCH OUTCOMES ARE DISCOVERABLE, ACCESSIBLE AND AVAILABLE FOR DISCUSSION AND THAT SCIENCE COMMUNICATION IS CONSTRUCTIVE, TRANSPARENT AND VERIFIABLE. WE STRIVE TO IMPLEMENT POLICIES AND INNOVATIONS THAT PROMOTE REPRODUCIBILITY, CREDIT AND ACCOUNTABILITY IN ORDER TO FOSTER A CULTURE OF OPEN SCIENCE, WITH OPEN DATA, EARLY SHARING OF WORK AND CLEAR CONTRIBUTOR RECOGNITION. OUR WORK IN THESE AREAS IS SUPPORTED BY THE EFFORTS OF A HIGHLY DIVERSE, INTERNATIONAL COMMUNITY OF SCIENTIFIC RESEARCHERS FROM HUNDREDS OF RESEARCH AREAS WHO PUBLISH AND REVIEW RIGOROUS RESEARCH OF ALL TYPES, ENSURING THAT IT IS MADE ACCESSIBLE TO THE WORLD. SINCE 2003, PLOS HAS PUBLISHED MORE THAN 216,000 ARTICLES. IN 2017 ALONE PLOS PUBLISHED MORE THAN 23,000 RESEARCH ARTICLES DOCUMENTING THE OBSERVATIONS AND DISCOVERIES OF A DIVERSE SCIENTIFIC COMMUNITY. A GLOBAL POOL OF MORE THAN 7,000 ACADEMIC EDITORS AND 75,000 REVIEWERS CONTRIBUTED TO BRINGING THIS WORK TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL WITH ASSISTANCE FROM THE ORGANIZATION. THE FORM IS THEN REVIEWED BY THE CFO AND MEMBERS FROM THE AUDIT COMMITTEE. AFTER REVIEW AND MODIFICATIONS WHERE NECESSARY, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS. THE CFO SIGNS AND FILES ALL REQUIRED TAX FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL COUNSEL AND SECRETARY OVERSEES THE ANNUAL CONFLICT OF INTEREST DISCLOSURE PROCESS. A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. THE CEO AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL ANNUALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND BENEFITS. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH APPROPRIATE GOVERNANCE AND REGULATORY COMPLIANCE. THIS IS PERFORMED ANNUALLY AND THE PROCESS IS MANAGED BY THE HR DIRECTOR. REVIEW ENCOMPASSES CEO, CFO, EXECUTIVES AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 PLOS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE ALSO POSTED ON OUR WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON EXCHANGE RATE -55,375. IMPAIRMENT OF CAPITALIZED SOFTWARE -11,108,667.