Aiken Cornerstone Kids 2

Lynne Fleming     Aiken, South Carolina     Real-estate    
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Current Financial Statement for: Cornerstone Kids, Inc
Date of incorporation: 01/12/2017
Current number of employees: 4
Fiscal Year: Prior Fiscal Year end:
2015
Most recent Fiscal Year end:
2016
Balance Sheet Highlights
Total Assets: $14,370
Cash and Cash Equivalents: $14,370
Accounts Receivable:
Short-term Debt: $70,000
Long Term Debt*:
Income Statement Highlights
Revenue/Sales**:
Cost of Goods or Services Sold: $56,130
Taxes Paid:
Net Income:
Prior Year Notes:

UNAUDITED FINANCIALS

Company was not in operations during 2015

Recent Year Notes:

UNAUDITED FINANCIALS: The Company was formed in July 2016 and began planning

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

Debt is shareholder notes for $70,000

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

No current revenue.  Revenue is anticipated in 2017 and going forward.

Fiscal Year and for # of Employees
Fiscal Year: 2017 2018 2019
Expected # of Employees: 4 24 27
Balance Sheet Highlights
Total Assets: $3,634,370 $4,238,743 $4,739,660
Cash and Cash Equivalents: $874,370 $1,364,703 $1,754,870
Accounts Receivable: $14,040 $14,791
Short-term Debt:
Long Term Debt: *
Income Statement Highlights:
Revenue/Sales: ** $2,934,700 $3,603,709
Cost of Goods or Services Sold: $420,000 $2,210,328 $2,833,001
Taxes Paid: $159,700
Net Income: $-420,000 $614,373 $500,917
Cash Flow Highlights
Beginning Cash: $14,370 $874,370 $1,364,703
Ending Cash: $874,370 $1,364,703 $1,754,870
Basis: accrual accrual accrual
Notes for Year 1

UNAUDITED FINANCIALS; In 2017, the Company is raising this round of financing, with plans for an additional $4M offering.  Land is acquired, architectural plans finished and with the addition capital constructions will begin.  The Company had an initial CF equity raise for $21,000.

Notes for Year 2

UNAUDITED FINANCIALS; Fully operating Facility.  Plans begin for licensing and expansion.

Notes for Year 3

UNAUDITED FINANCIALS; Financials only show the single facility, but licensing the model will continue.

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

The debts in the company are loans from shareholders.

If $1M is raised, the financial plan shows $100,000 paid in interest each year to the CF investor group which is 10% of their original investment.

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

Revenue is derived from tuition and fees from the first facility and franchising revenue.

The financial plan shows a payment to the CF investment group of 10% of all master licensing fees and on-going annual licensing revenue of 2.5% of gross revenues.  

Funding
$0 USD
0.00%
$20,000 minimum goal
$80,000 maximum goal
0 Investors
Funding
14 days left to end funding

Security Offering

equity

Price per share/unit: $100.00
Min investment amount:  $500
Min % of company: 0.2%
Max % of company: 0.9.0%

Added Benefit

Profit Sharing
Equity investment also include profit sharing and a return of investment with 10% annual interest!

About the Founder

Lynne Fleming
Aiken, South Carolina
Cornerstone Kids will be a Green, LEED Platinum & EPA airPLUS Certified facility where the health, safety & education of 200 Aiken kids is our focus
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: 08/31/2017

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