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For 1995 and 1996, petitioner’s gross receipts consisted of
the following amounts:
Type of income 1995 1996
Interest income $259,652 $240,427
Gross rents 353,376 388,676
Net capital gains 35,884 267,657
Form 4797 gain 246,346 8,141
Late fees 2,931 1,170
Total income 898,189 906,071
Petitioner’s total income before expenses, officer’s
compensation, and ratio of compensation to total income for 1987
through 1996 were as follows:
Compensation as
Total Officer percentage of
Year income compensation total income
1987 $626,991 $425,000 67.8
1988 583,949 310,000 53.1
1989 503,859 260,000 51.6
1990 569,530 260,000 45.7
1991 946,396 360,000 38.0
1992 604,344 150,000 24.8
1993 633,688 150,000 23.7
1994 640,602 210,000 32.8
1995 898,479 240,435 26.7
1996 806,071 460,000 57.1
Petitioner acquired and sold shares of stock as follows:
Company name Date acquired Date sold
Data Med 9/20/88 5/9/95
Mylex Corp. pre-‘95 ---
Cyrix Corp. ‘95 & ‘96 ‘96
Focus Enhancement 5/23/96 12/9/96
IMP, Inc. 12/16/94 5/9/96
Interactive Medical
Tech. 6/30/95 10/21/96
Oryx ‘96 ---
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