Kayak Concepts LLC

Buddy Doyle     Gardiner, Maine     Other    
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Current Financial Statement for: Kayak Concepts LLC
Date of incorporation: 09/26/2007
Current number of employees: 2
Fiscal Year: Prior Fiscal Year end:
2014
Most recent Fiscal Year end:
2015
Balance Sheet Highlights
Total Assets: $72,105 $70,694
Cash and Cash Equivalents: $21 $10,054
Accounts Receivable:
Short-term Debt: $1,660
Long Term Debt*: $53,327
Income Statement Highlights
Revenue/Sales**: $4,005 $23,397
Cost of Goods or Services Sold: $791
Taxes Paid:
Net Income: $-12,745 $-10,793
Prior Year Notes:

Total Assets represents the forming Mold used to produce the Kayak Condo

Recent Year Notes:

Sale of a few Kayak Condo prototypes were made in 2015.  Assets are net depreciation

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

None

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

Revenue is based on the sale of Kayak Condo's with retain for $745

Fiscal Year and for # of Employees
Fiscal Year: 2016 2017 2018
Expected # of Employees: 3 4 6
Balance Sheet Highlights
Total Assets: $163,628 $238,996 $403,953
Cash and Cash Equivalents: $77,988 $31,567 $134,829
Accounts Receivable: $105,501 $125,908
Short-term Debt:
Long Term Debt: *
Income Statement Highlights:
Revenue/Sales: ** $63,940 $639,400 $1,370,800
Cost of Goods or Services Sold: $53,500 $535,000 $990,000
Taxes Paid: $74,752
Net Income: $-12,273 $-60,400 $153,525
Cash Flow Highlights
Beginning Cash: $10,040 $77,988 $31,567
Ending Cash: $77,988 $31,567 $134,829
Basis: accrual accrual accrual
Notes for Year 1

In 2016, Kayak Condo's started production in July for delivery in September

Notes for Year 2

This is a growth year.  Production is ready and the proceeds will be used to ramp up production

Notes for Year 3

2018, is a major growth year for the company

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

none

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

Revenue is based on the sale of Kayak Condo's with retain for $745

Security Offering

equity

Price per share/unit: $1.00
Min investment amount:  $100
Min % of company: 4.8%
Max % of company: 9.1.0%

About the Founder

Buddy Doyle
Gardiner, Maine
Designed Kayak Condos – the world\'s first modular storage system for kayaks. Spent previous 40 years in marketing, advertising and design.
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: 01/02/2017

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