| Current Financial Statement for: Treycent, Inc Date of incorporation: 05/20/2016 Current number of employees: 1 | |||
| Fiscal Year: | Prior Fiscal Year end: 2014 |
Most recent Fiscal Year end: 2015 |
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| Balance Sheet Highlights | |||
| Total Assets: | |||
| Cash and Cash Equivalents: | |||
| Accounts Receivable: | |||
| Short-term Debt: | |||
| Long Term Debt*: | |||
| Income Statement Highlights | |||
| Revenue/Sales**: | |||
| Cost of Goods or Services Sold: | |||
| Taxes Paid: | |||
| Net Income: | |||
| Prior Year Notes:
2014: Software was being developed by the founder, but the company was not formed.
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| Recent Year Notes:
2015: Software develop continued and App was launched in 2015 |
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| *Debt Statement (for all long term debts describe the terms, and debt holder):
No debt in the company |
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| **Describe Revenue/Sales (Services or product revenue, #of customers, average sale):
Revenue will be derived from advertising which is the standard model for mobile applications. See projected financials for details. |
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| Fiscal Year and for # of Employees | |||
| Fiscal Year: | 2016 | 2017 | 2018 |
|---|---|---|---|
| Expected # of Employees: | 1 | 2 | 3 |
| Balance Sheet Highlights | |||
| Total Assets: | $307,617 | $681,839 | $1,584,089 |
| Cash and Cash Equivalents: | $256,700 | $619,293 | $1,508,343 |
| Accounts Receivable: | $10,900 | $24,600 | |
| Short-term Debt: | |||
| Long Term Debt: * | |||
| Income Statement Highlights: | |||
| Revenue/Sales: ** | $790,500 | $2,077,250 | |
| Cost of Goods or Services Sold: | $197,625 | $519,313 | |
| Taxes Paid: | $162,657 | $458,163 | |
| Net Income: | $-42,383 | $333,348 | $850,874 |
| Cash Flow Highlights | |||
| Beginning Cash: | $256,700 | $619,293 | |
| Ending Cash: | $256,700 | $619,293 | $1,508,343 |
| Basis: | accrual | accrual | accrual |
| Notes for Year 1 | 2016: Company was incorporated in May 2016. 40,000 downloads of the app so far this year. Expenses are very limited. |
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| Notes for Year 2 | Revenue projections are based on advertising revenue achieved as demand increases for the mobile app. |
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| Notes for Year 3 | Expecting high growth and revenue by 2018. |
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| Debt Statement (for all long term debts, describe the terms, and debt holder): *
No long term debt. |
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| Describe Revenue/Sales (Services or product revenue, #of customers, average sale): **
The Treycent app will be monitized via in-app purchases. Advertisers will be charged to have their banner advertisement seen for every 200,000 user sessions. Each advertising slot will be filled with companies paying $2,000 to have their banner seen on one of various screens within the app. By the end of the first year in operations there will have been 105 slots sold. By the end of the second year in operations there will have been 547 slots sold. The third year of the plan has 2,432 slots sold. |
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$600 USD
1.00%
$60,000 minimum goal
$300,000 maximum goal
4 Investors
Approved
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| 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: | |