# EXHIBIT 57

United States Virgin Islands



ECONOMIC DEVELOPMENT COMMISSION ANNUAL REPORT

Fiscal/Calendar Year Ending December 31, 2016

Southern Trust Company, Inc.

| *Investors Dream* |  |  |  |
| ------------------------------------------------------------------------------------- | ----------------- | --------------- | -- |
| ross Sales (Ineligible Sales) & Eligible for Tax Benefits | ( \$ - ) | \$ - |  |
| Other Income (Ineligible) & Eligible for Tax Benefits | \$( 7,092,966 ) | \$ 13,173,675 |  |
| Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) |  | \$ 868,869 |  |
| Average No. of Employees; Full Time & (Part Time/Other) |  | 8 |  |
| Average No. of Residents; Full Time & (Part Time/Other) |  | 8 |  |
| Average No. of Non-Residents; Full Time & (Part Time/Other) |  | 0 |  |
| Other Employee Costs (Unemployment & health insurance, pension, allowance, etc.) |  | \$ 202,434 |  |
| Employee Income Taxes Paid and Withheld |  | \$ 264,626 |  |

TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each tax)

| Gross Receipts: | Amount Paid | \$ - |  |
| -------------------------------------------------- | ------------------------------------------ | ------------ | -- |
|  | Dollar Value of Exemption | \$ - |  |
| Real Property Tax: | Amount Paid | \$ - |  |
|  | Dollar Value of Exemption | \$ - |  |
| Excise Taxes: | Total Paid | \$ - |  |
|  | Dollar Value of Exemption/Refund | \$ - |  |
| Income Taxes: | Total Paid | \$ 299,580 |  |
|  | Dollar Value of Exemption/Refund | \$ 111,932 |  |
| Customs Duties: | Total Paid | \$ - |  |
|  | Dollar Value of Exemption/Refund | \$ - |  |
| Other: | Hotel room taxes paid | \$ - |  |
|  | Other Taxes, Fee Paid to V.I. Government | \$ 790 |  |
| **TOTAL TAXES PAID:** |  | \$ 300,370 |  |
| **TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS:** |  | \$ 111,932 |  |

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT

|  | Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
| -------------------------------------- | ------------------- | ---------------- | ------------------ | --------------------- |
| **Goods and Services:** |  |  |  |  |
| Raw materials, components |  |  |  | \$ - |
| Food, beverage |  |  |  | \$ - |
| Freight Charges |  |  |  | \$ - |
| Insurance | 3,955 | 615 | - | \$ 4,570 ✓ |
| Legal/ Accounting | - | 3,030 | 1,290,100 | \$ 1,293,130 ✓ |
| Advertising / Promotion | - | 2,640 | - | \$ 2,640 ✓ |
| Utilities (tel., water, elect. etc.) | 71,250 | 31,745 | - | \$ 102,995 ✓ |
| Interest & Other Bank Chg. | - | 677 | 705 | \$ 1,381 ✓ |
| Supplies and office expense | 1,783 | 6,118 | 6,700 | \$ 16,581 ✓ |
| Repairs/Maintenance | 5,561 | 645 | - | \$ 6,206 ✓ |
| Other (List Separately) | - | 150,515 | - | \$ 150,515 ✓ |
| Subtotal, Goods and Svcs: | 82,530 | 197,985 | 1,297,505 | \$ 1,578,020 ✓ |
| **Capital Expenditures:** |  |  |  |  |
| Building & Improvements | - | - | - | \$ - |
| Leasehold Improvements | - | 10,131 | - | \$ 10,131 |
| Machinery / Equipment | - | - | - | \$ - |
| Furniture / Fixtures | - | - | - | \$ - |
| Vehicles | - | - | - | \$ - |
| Software | - | - | - | \$ - |
| Subtotal, Capital Expend: | - | 10,131 | - | \$ 10,131 |
| **GRAND TOTALS** | **82,530** | **208,117** | **1,297,505** | **\$ 1,588,151** |

CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE

\$ 459,854

Name/Signature of Preparer:

*Jeanne*
(Signature)
Jeanne [Redacted]
(Preparer Name)

Date: 2/9/18
felephone Number: 340-775-2525



Fiscal/Calendar Year Ending December 31, 2016

Company Name: Southern Trust Company, Inc.

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other

|  | Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
| -------------------------------------- | ------------------- | ---------------- | ----------- | -------------- |
| **Goods and Services:** |  |  |  |  |
| Dues and subscriptions | - | 1,180 | - | \$ 1,180 ✓ |
| Auto | - | 7,040 | - | \$ 7,040 ✓ |
| Postage and delivery | - | 1,633 | - | \$ 1,633 ✓ |
| Travel and related | - | 1,534 | - | \$ 1,534 ✓ |
| Meals and transportation | - | 3,372 | - | \$ 3,372 ✓ |
| EDC Fees | - | 20,500 | - | \$ 20,500 ✓ |
| Rent | - | 108,716 | - | \$ 108,716 ✓ |
| Business expenses | - | 5,640 | - | \$ 5,640 ✓ |
| Other expenses | - | 900 | - | 900 ✓ |
| Miscellaneous | - | - | - | - |
| **Subtotal, Goods and Services:** | - | 150,516 | - | \$ 150,516 |

OTHER EMPLOYEE COSTS

| Employee benefits - health, life insurance, education |  |  | \$ 176,554 |
| ------------------------------------------------------- | -- | -- | ------------ |
| Simple IRA - employer contributions of 3% |  |  | \$ 20,747 |
| Seminars and continuing education |  |  | \$ 5,133 |
|  |  |  | \$ 202,434 |

ECONOMIC DEVELOPMENT COMMISSION FEES

| BOE Territorial Scholarship Fund |  |  | \$ 3,000 |
| --------------------------------------------------- | -- | -- | ----------- |
| Department of Labor - Work Force Development Fund |  |  | \$ 2,500 |
| Certificate fees - Annual Compliance Fee |  |  | \$ 7,500 |
|  |  |  | \$ 13,000 |

EXPENDITURES FOR CHARITABLE CONTRIBUTIONS

|  | V.I. Public Education | V.I. Charity | Totals |
| -- | ----------------------- | -------------- | ----------- |
|  | \$ 25,000 | \$ 28,250 | \$ 53,250 |



| Name - recipient | Date | Amount |
| ------------------------------------------- | ------------ | ----------- |
| Community Foundation of the V. I. | 05/05/2016 | 10,000 |
| Organization Black Aerospace Professional | 04/28/2016 | 15,000 |
| Lutheran Social Services of the V. I. | 12/09/2016 | 20,000 |
| Antilles School, Inc. | 02/29/2016 | 5,500 |
| Community Foundation of the V. I. | 05/03/2016 | 2,500 |
| Hermonic Lodge | 10/25/2016 | 250 |
|  |  | \$ 53,250 |

BENEFICIARY Southern Trust Comoanv. Inc.

## EDC ANNUAL REPORT Value of Exemptions of Stockholders/Partners/Members

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Fiscal Year Ending December 31.2011 2

| Stockholders, Partners or Members | Social Security No. | Physical Address | % Distributable Shares | EDC Income | Business Activity | Total Tax Due | EDC Credit | Balance Tax Due |
| ----------------------------------- | --------------------- | ------------------------------------------------ | ------------------------ | ---------------------------------- | ---------------------------------- | ---------------------------------- | ---------------------------------- | ---------------------------------- |
| Jeffrey E. Epstein | [REDACTED] | Little Saint James Island, St. [REDACTED] USVI | 100 | See page 1 of EDC Annual report. | See page 1 of EDC Annual report. | See page 1 of EDC Annual report. | See page 1 of EDC Annual report. | See page 1 of EDC Annual report. |
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|  |  |  |  |  | **TOTAL** | \$ | \$ | \$ |

Note: Totals of EDC Credit and Balance Tax Due must be carried forward to the EDC Annual Report and reported under Taxes and Duties (See instructions).



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