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STATEMENT OF ASSETS, LIABILITIES AND S TOCKHOLDER'S EQUITY
INCOME TAX BASIS
DECEMBER 31, 2018
CURRENT ASSETS Cash
ASSETS
Employee Loan Receivable Prepaid Expenses
Total Current Assets
PROPER TY AND EQUIPMENT, AT COS T Leasehold Improvements Furniture, Fixtures & Toys Vehicles Equipment
Total Less: Accumulated Depreciation
Net Property and Equipment
OTHER ASSETS Refundable Deposits Non-Compete Agreements Goodwill
Total
Total Assets
$ 325,834 810
55,056 381,700
754,004 207,055 356,510 246,978
1,564,547 (1,254,428)
310,119
6,846 15,278 15,278 37,402
$ 729,221
SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT
STATEMENT OF ASSETS, LIABILITIES AND STOCKHOLDER'S EQUITY
INCOME TAX BASIS
December 31, 2018
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES Employee Loan Payable
STOCKHOLDER'S EQUITY
Common Stock, $1 Par Value; Authorized 5,000 Shares, Issued and Outstanding 500 Shares
Retained Earnings-Income Tax Basis
Total Stockholder's Equity
Total Liabilities and Stockholders' Equity
$ 318
500 728,403
728,903
$ 729,221
SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT
I
REVENUES
STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS-INCOME TAX BASIS
FOR THE YEAR ENDED December 31, 2018
Day Care Fees and Programs
EXPENSES (See Schedule)
EXCESS OF REVENUES OVER EXPENSES BEFORE OTHER INCOME
OTHER INCOME
Auto Reimbursements
EXCESS OF REVENUES OVER EXPENSES
RETAINED EARNINGS, BEGINNING OF YEAR -INCOME TAX BASIS
STOCKHOLDER DISTRIBUTIONS
$ 4,471,223
(3,769,929)
701,294
5,301
706,595
664,831
643,023)
RETAINED EARNINGS, EN D OF YEAR -INCOME TAX BASIS $ 728,403
SEE ACCOMPANYING ACCOUNTANT'S COMPILATION REPORT
EXPENSES
STATEMENT OF REVENUES, EXPENSES AND RETAINED EARNINGS-INCOME TAX BASIS
FOR THE YEAR ENDED December 31, 2018
Accreditation Advertising Bank Charges Children's Activities Conferences Contract Services Depreciation Director's Fees Dues and Subscriptions Employee Lease Expense Fire Safety Gifts Groceries Insurance Lawn Care Legal and Accounting Licenses Loss on Fixed Asset Disposals Maintenance and Repairs Meals Non-Compete Agreement and
Goodwill Amortization Office Expense Payroll Processing Pest Control Postage Recruitment and Training Rent Salaries-Officers Salaries-Other Supplies Taxes Taxes-Payroll Telephone Utilities Vehicle Expenses
Total Expenses
$ 3,620 3,188 7,938
32,754 3,925 8,381
129,474 30,000
441 793,053
12,490 3,287
288,390 149,776
41,565 16,890
3,269 121
110,784 3,026
6,667 50,015
6,371 11,658
83 1,324
108,720 308,000
1,279,652 65,072
924 124,097
15,833 94,576 54,565
$3,769,929
SEE ACCOMPANYING ACOUNTANT'S COMPILATION REPORT