SMART RX SYSTEMS, INC. FCFO

SANDEEP MATHOW     Clermont, Florida     Technology    
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Current Financial Statement for: Smart Rx Systems, Inc (Reviewed but Unaudited)
Date of incorporation: 08/16/2013
Current number of employees: 7
Fiscal Year: Prior Fiscal Year end:
2014
Most recent Fiscal Year end:
2015
Balance Sheet Highlights
Total Assets: $20,785,028 $21,276,644
Cash and Cash Equivalents: $60,149 $146,809
Accounts Receivable: $0 $31,035
Short-term Debt: $168,011 $169,329
Long Term Debt*: $1,094,892 $2,304,137
Income Statement Highlights
Revenue/Sales**: $182,141
Cost of Goods or Services Sold: $86,907
Taxes Paid:
Net Income: $-2,313,241 $-2,978,447
Prior Year Notes:

2014: Company was operating and developing its offerings.

Recent Year Notes:

2015: DEVELOPMENT STAGE ACTIVITIES. ALL LONG TERM DEBT IS RELATED PARTY CEO & CFO ACCRUALS--NO 3RD PARTY DEBT--NONE OF CEO & CFO SALARY ACCRUALS ARE PAID FROM PROCEEDS OF FCFO OR REG A--ONLY PAID FROM EARNED EBITDA, WHEN EARNED, SUBJECT TO CONTINGENT AMOUNTS. Revenue was from ancillary sources , not from core business.

*Debt Statement (for all long term debts describe the terms, and debt holder):

WAGES & BONUSES DEFERRED FOR CEO & CFO, WILL BE PAID UPON CONTINGENT EVENTS of & from EBITDA, NOT FCFO PROCEEDS.

**Describe Revenue/Sales (Services or product revenue, #of customers, average sale):

Sale of Kiosks and on-going revenue

Fiscal Year and for # of Employees
Fiscal Year: 2016 2017 2018
Expected # of Employees: 7 35 130
Balance Sheet Highlights
Total Assets: $22,250,000 $42,000,000 $68,000,000
Cash and Cash Equivalents: $50,000 $9,000,000 $51,000,000
Accounts Receivable: $30,000 $35,000 $140,000
Short-term Debt: $180,000
Long Term Debt: * $3,200,000 $4,500,000 $6,000,000
Income Statement Highlights:
Revenue/Sales: ** $377,000 $16,257,763 $128,303,725
Cost of Goods or Services Sold: $199,580 $9,469,355 $74,697,755
Taxes Paid: $4,658,903
Net Income: $-3,500,000 $2,575,233 $32,794,514
Cash Flow Highlights
Beginning Cash: $114,659 $50,000 $14,019
Ending Cash: $50,000 $13,519,875 $33,314,389
Basis: accrual accrual accrual
Notes for Year 1

2016: ALL LONG TERM DEBT IS RELATED PARTY CEO & CFO ACCRUALS--NO 3RD PARTY DEBT--NONE OF CEO & CFO SALARY ACCRUALS ARE PAID FROM PROCEEDS OF FCFO OR REG A--ONLY PAID FROM EARNED EBITDA, WHEN EARNED, SUBJECT TO CONTINGENT AMOUNTS. Revenue was from Kiosks installed during last half of 2016.

Notes for Year 2

2017: Expect both proposed FCFO & REG A OFFERINGS DURING 2017; EXPECT EBITDA to be sufficient to pay down some salary accruals; expect 25 to 28 Kiosks by end of 2017, more if FCFO is successful; more if REG A 1st Tranche closes in 4th Q; TAX LOSS CARRY-FORWARD FROM PRIOR YEARS ELIMINATES ANY TAX DUE. CASH IN BANK > $2MM as of APRIL 2017.

Notes for Year 3

2018: Long Term Debt Includes a proposed 50% to 65% 1st mortgage on the headquarters and regional faciilities WE EXPECT TO BUILD in 2018. EXPECT more facilities and Kiosks which have on-site employees vs. remote employees. EXPECT most or all of accrued salaries to be paid off from eligible EBITDA produced cash flow, with regular salary payments to management to begin by 4th Q. EXPECT all Central Processing capabilities to be at least installed and finished testing periods in 1st Q 2019. EXPECT to initiate installations of BETA retail Kiosks with full deployment vs. contracts in 2019. Tax loss carry-forward from early years reduces taxable income and taxes to be paid

Debt Statement (for all long term debts, describe the terms, and debt holder): *

WAGES & BONUSES DEFERRED FOR CEO & CFO, WILL BE PAID UPON CONTINGENT EVENTS of & from EBITDA

Describe Revenue/Sales (Services or product revenue, #of customers, average sale): **

Funding
$52,000 USD
23.64%
$220,000 minimum goal
$1,000,000 maximum goal
3 Investors
Funding
110 days left to end funding

Security Offering

equity

Price per share/unit: $10.00
Min investment amount:  $1,000
Min % of company: 1.2%
Max % of company: 5.2%

About the Founder

SANDEEP MATHOW
Clermont, Florida
CHAIRMAN & CEO majority shareholder SANTU ROHATGI - Vice Chairman/CFO MICHAEL SCILLIA - CORP SEC, 1of 6 ORIG. SHAREHOLDERS, , 43yrs IBK & VC exp.
Project Audit Status
Proof of Identification:
Representative of your Financial Reports:
Corporation or LLC Certificate:
Tax Form IRS W9:
Copies of 2 years of tax returns:
Financial Statements:
Business Plan:
Project Deadline: 04/03/2018

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