# EXHIBIT 58

United States Virgin Islands



ECONOMIC DEVELOPMENT COMMISSION ANNUAL REPORT

Fiscal/Calendar Year Ending December 31, 2017

Southern Trust Company, Inc.

Investors Dream

Sales (Ineligible Sales) & Eligible for Tax Benefits ...

Other Income (Ineligible) & Eligible for Tax Benefits
 Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.)
 Average No. of Employees; Full Time & (Part Time/Other)...
 Average No. of Residents; Full Time & (Part Time/Other)...
 Average No. of Non-Residents; Full Time & (Part Time/Other)...
 Other Employee Costs (Unemployment & health insurance, pension, allowance, etc.)
 Employee Income Taxes Paid and Withheld

| ( \$ - ) | \$ | 6,000,000 |
| ----------------- | ---- | ------------ |
| \$( 7,283,867 ) | \$ | 48,549,085 |
| \$ |  | 824,646 |
|  | 8 |  |
|  | 8 |  |
|  | 0 |  |
| \$ |  | 163,365 |
| \$ |  | 257,868 |

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

| **Gross Receipts:** | Amount Paid | \$ |
| -------------------------------------------------- | ------------------------------------------ | ------------ |
|  | Dollar Value of Exemption | \$ 400,000 |
| **Real Property Tax:** | Amount Paid | \$ |
|  | Dollar Value of Exemption | \$ |
| **Excise Taxes:** | Total Paid | \$ |
|  | Dollar Value of Exemption/Refund | \$ |
| **Income Taxes:** | Total Paid | \$ 71,340 |
|  | Dollar Value of Exemption/Refund | \$ 124,031 |
| **Customs Duties:** | Total Paid | \$ |
|  | Dollar Value of Exemption/Refund | \$ |
| **Other:** | Hotel room taxes paid | \$ |
|  | Other Taxes, Fee Paid to V.I. Government | \$ 7950 |
| **TOTAL TAXES PAID:** |  | \$ 71,790 |
| **TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS:** |  | \$ 524,031 |

EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT

Goods and Services:

- Raw materials, components
- Food, beverage
- Freight Charges
- Insurance
- Legal Accounting
- Advertising / Promotion
- Utilities (tel., water, elect. etc.)
- Interest & Other Bank Chg.
- Supplies and office expense
- Repairs/Maintenance
- Other (List Separately)
- Subtotal, Goods and Svcs:

| Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
| --------------------- | ---------------- | ---------------- | --------------------- |
|  |  |  | \$ |
|  |  |  | \$ |
|  |  |  | \$ |
|  | 24,761 | - | \$ 24,761 |
|  | - | 2,052 | \$ 1,413,977 |
|  | - | 1,430 | \$ 1,430 |
|  | 50,588 | 25,328 | \$ 75,916 |
|  | - | - | \$ |
|  | 40 | 19,011 | \$ 32,062 |
|  | 12,652 | 1,550 | \$ 14,202 |
|  | 5,899 | 110,750 | \$ 107,15 |
|  | 93,939 | 160,121 | \$ 1,603,062 |
|  | 147,21 | - | \$ |
|  | - | - | \$ |
|  | - | - | \$ |
|  | 16,938 | - | \$ 17,324 |
|  | - | 5,908 | \$ 20,419 |
|  | - | 40,876 | \$ 40,876 |
|  | - | - | \$ |
|  | - | - | \$ |
|  | - | - | \$ |
|  | 72,325 | 6,294 | \$ 78,619 |
| **GRAND TOTALS** | **93,939** | **232,446** | **\$ 1,761,681** |

CUMULATIVE CAPITAL EXPENDITURES UNDER EQC CERTIFICATE

Name/Signature of Preparer:

*Jeanne Brennan* (Signature)
 Date: 10/12/17
 Jeanne Brennan (Prep Name) Telephone Number: 340-775-2525



Fiscal/Calendar Year Ending December 31, 2017

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 | - | 680 | - | 680 |
| Auto | 5,899 | 5,709 | - | 11,808 |
| Postage and delivery | - | 1,515 | - | 1,515 |
| Travel and related | - | 3,651 | - | 3,651 |
| EDC Fees | - | 13,000 | - | 13,000 |
| Rent | - | 72,477 | - | 72,477 |
| Business expenses | - | 7,625 | - | 7,825 |
| Other expenses (subj. circled) | - | 5,292 | 4,066 | 9,358 |
| Miscellaneous | - | 600 | - | 600 |
| Subtotal, Goods and Svcs: | 5,899 | 110,750 | 4,066 | 120,715 |
|  |  | 97750 |  | 107715 |

**OTHER EMPLOYEE COSTS**

| Employee benefits - health, life insurance, education |  |  | \$ 140,106 |
| ------------------------------------------------------- | -- | -- | ------------ |
| Simple IRA - employer contributions of 3% |  |  | 19,026 |
| Seminars and continuing education |  |  | 4,233 |
|  |  |  | \$ 163,365 |

**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 |
|  |  |  | \$ <del>100</del> 13,000 |

**EXPENDITURES FOR CHARITABLE CONTRIBUTIONS**

|  | V.I. Public Education | V.I. Charity | Totals |
| -- | ----------------------- | -------------- | ----------- |
|  | \$ 25,000 | \$ 26,200 | \$ 51,200 |

| Name - recipient | Amount |
| ---------------------------------------------------------------- | ----------- |
| Dept. of Planning & Natural Resources - Library Revolving Fund | \$ 25,000 |
| Lutheran Social Services of the V.I. | 20,000 |
| St. [REDACTED] Rescue, Inc. | 4,200 |
| Community Foundation of the V. I. | 1,500 |
| Wesley Methodist Church | 500 |
|  | \$ 51,200 |

## EDC ANNUAL REPORT

### Value of Exemptions of Stockholders/Partners/Members

BENEFICIARY Southern Trust Company, Inc.

Fiscal Year Ending December 31, 2017

| 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).